Civic Intelligence

Microenterprise Resources Initiatives & Training

990 • Fiscal year 2024 • EIN 41-2247717

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 25, 2025

Organization ProfileWWW.MERITPNW.ORG
2911 Saddle Club CT SE 1008Salem, OR 97317

(503) 584-7314

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.05x

Higher debt load relative to assets than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

98th percentile

502%

Faster asset growth than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

27%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$220,740

Up $184,091 (+502%) from 2023

Net Assets

Up

$210,564

Up $183,911 (+690%) from 2023

Liabilities

Up

$10,176

Up $180 (+1.8%) from 2023

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin92nd percentile

Revenue

Up

$342,283

Up $72,022 (+27%) from 2023

Expenses

Down

$158,372

Down $62,488 (-28%) from 2023

Net Income

Up

$183,911

Up $134,510 (+272%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2011: $141,920Liabilities 2011: $87,4932011Assets 2012: $190,380Liabilities 2012: $90,000Net Assets 2012: $100,3802012Assets 2013: $135,729Liabilities 2013: $26,472Net Assets 2013: $109,2572013Assets 2014: $99,048Liabilities 2014: $28,416Net Assets 2014: $70,6322014Assets 2015: $90,512Liabilities 2015: $3,520Net Assets 2015: $86,9922015Assets 2016: $134,271Liabilities 2016: $34,411Net Assets 2016: $99,8602016Assets 2017: $298,532Liabilities 2017: $101,550Net Assets 2017: $196,9822017Assets 2018: $95,761Liabilities 2018: $71,317Net Assets 2018: $24,4442018Assets 2019: $42,934Liabilities 2019: $5,513Net Assets 2019: $37,4212019Assets 2020: $25,593Liabilities 2020: $4,825Net Assets 2020: $20,7682020Assets 2021: $224,346Liabilities 2021: $126,688Net Assets 2021: $97,6582021Assets 2022: $35,746Liabilities 2022: $58,494Net Assets 2022: -$22,7482022Assets 2023: $36,649Liabilities 2023: $9,996Net Assets 2023: $26,6532023Assets 2024: $220,740Liabilities 2024: $10,176Net Assets 2024: $210,5642024

Highlighted filing

2024

Assets$220,740
Liabilities$10,176
Net Assets$210,564
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $183,301Expenses 2011: $183,468Net Income 2011: -$1672011Revenue 2012: $279,372Expenses 2012: $236,931Net Income 2012: $42,4412012Revenue 2013: $213,581Expenses 2013: $204,704Net Income 2013: $8,8772013Revenue 2014: $196,124Expenses 2014: $234,749Net Income 2014: -$38,6252014Revenue 2015: $195,345Expenses 2015: $179,285Net Income 2015: $16,0602015Revenue 2016: $291,903Expenses 2016: $263,609Net Income 2016: $28,2942016Revenue 2017: $375,485Expenses 2017: $285,268Net Income 2017: $90,2172017Revenue 2018: $156,935Expenses 2018: $329,473Net Income 2018: -$172,5382018Revenue 2019: $242,609Expenses 2019: $298,192Net Income 2019: -$55,5832019Revenue 2020: $281,388Expenses 2020: $298,041Net Income 2020: -$16,6532020Revenue 2021: $337,001Expenses 2021: $288,171Net Income 2021: $48,8302021Revenue 2022: $158,688Expenses 2022: $279,094Net Income 2022: -$120,4062022Revenue 2023: $270,261Expenses 2023: $220,860Net Income 2023: $49,4012023Revenue 2024: $342,283Expenses 2024: $158,372Net Income 2024: $183,9112024

Highlighted filing

2024

Revenue$342,283
Expenses$158,372
Net Income$183,911
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 25, 2025
Return Version
2023v6.0
Gross Receipts
$342,283
Mission and Program Overview

Mission

The merit mission is to help people explore, launch, and grow successful small businesses through training and support. We exist to help underserved people increase income and build assets through self-employment and workforce preparation.

Help people start, launch and grow successful small businesses through training and support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,649$184,240▲ $157,591
Loans From Officers Directors$5,000$5,000→ $0
Total Assets$36,649$220,740▲ $184,091
Other Assets Total$10,000$36,500▲ $26,500
Liabilities
Accounts Payable and Accrued Expenses$4,996$5,176▲ $180
Total Liabilities$9,996$10,176▲ $180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,653$160,564▲ $152,911
Net Assets With Donor Restrictions$19,000$50,000▲ $31,000
Total Net Assets Fund Balance$26,653$210,564▲ $183,911
Total Liabilities and Net Assets / Fund Balance$36,649$220,740▲ $184,091

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$36,500--
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Sara Curiel-parezPresident
Jaime ArredondoVice President
Victor VasquezExecutive Director
Maria CaballeroSecretary
Maria Elena GuerraTreasury
Revenue and Support

Revenue Composition

Contributions and Grants
$332,863
Program Service Revenue
$9,420
Investment Income
$0
Other Revenue
$0
All Other Contributions
$282,863
Change in Net Assets
$183,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$90,297
Other Expenses$68,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$67,366$11,888-$79,254
Office Expenses$12,657$3,164-$15,821
Fees for Services Accounting-$10,303-$10,303
Payroll Taxes$5,896$1,862-$7,758
Fees for Services Other$4,705$1,619-$6,324
Occupancy$3,519$1,508-$5,027
Current Officers, Directors, Trustees, and Key Employees$2,398$887-$3,285
Travel$1,909$477-$2,386
Fees for Services Legal-$1,455-$1,455
Information Technology-$192-$192
Other Expenses$4,957$148-$148
All Other Expenses-$110-$110
Total Functional Expenses$114,027$44,345$0$158,372
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,000$5,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 circulated electronically and in accordance with by-laws.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy is reviewed annually by the board.”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Microenterprise Resources Initiatives a
EIN
41-2247717
Phone
5035847314
Address
2911 SADDLE CLUB CT SE 1008, SALEM, OR 97317
Doing Business As
Merit Pnw

Signing Officer

Name
Victor Vasquez
Title
Executive Director
Phone
5035847314
Signed
2025-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Vasquez
Formed
2007
Legal Domicile
Or
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
1

Preparer

Firm
Anthem Strategists Pc
Address
285 LIBERTY ST NE SUITE 300, SALEM, OR 97301
Preparer
Maria Rivas CPA
Phone
5033629152
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Licenses and fees: program service expenses 0. Management and general expenses 110. Fundraising expenses 0. Total expenses 110.”

Raw XML Appendix381 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/MissionDesc0MERIT SERVES AN EMERGING DIVERSE BUSINESS COMMUNITY IN OREGON, PROVIDING ACCESS TO CAPITAL AND EXPERT ENTREPRENEURIAL AND FINANCIAL MANAGEMENT TRAINING AND TECHNICAL ASSISTANCE, INCLUDING FAMILY-ORIENTED FINANCE MANAGEMENT, FINANCIAL LITERACY, AND ENTREPRENEURIAL SKILLS, TO BUILD GENERATIONAL WEALTH AND SELF-ADVOCACY, FOSTER INCLUSIVENESS, AND BUILD AN ENVIRONMENT OF EQUITABLE PROSPERITY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM FEE INCOME - 2023 AMOUNT: $ 9,420.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt036500
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt036500
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATION CASH NEEDS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0VICTOR VASQUEZ
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt05000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 CIRCULATED ELECTRONICALLY AND IN ACCORDANCE WITH BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LICENSES AND FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 110. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt036649
IRS990/TotalAssetsGrp/EOYAmt0220740
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0332863
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044345
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114027
IRS990/TotalFunctionalExpensesGrp/TotalAmt0158372
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09996
IRS990/TotalLiabilitiesEOYAmt010176
IRS990/TotalLiabilitiesGrp/BOYAmt09996
IRS990/TotalLiabilitiesGrp/EOYAmt010176
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026653
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt09420
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt01909
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VICTOR VASQUEZ
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROENTERPRISE RESOURCES INITIATIVES A
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA MERIT PNW
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930792674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANTHEM STRATEGISTS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0285 LIBERTY ST NE SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097301
ReturnHeader/PreparerPersonGrp/PhoneNum05033629152
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA RIVAS CPA
ReturnHeader/ReturnTs02025-02-25T10:36:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$220,740
Liabilities
$10,176
Net assets
$210,564
Revenue
$342,283
Expenses
$158,372
Net income
$183,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.21$0.10$2.11$3.42$1.58$1.84
2023Summary only. Only limited summary data is available for this year.$0.37$0.10$0.27$2.70$2.21$0.49
2022Summary only. Only limited summary data is available for this year.$0.36$0.58$0.23$1.59$2.79$1.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.27$0.98$3.37$2.88$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.05$0.21$2.81$2.98$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.06$0.37$2.43$2.98$0.56
2018Summary only. Only limited summary data is available for this year.$0.96$0.71$0.24$1.57$3.29$1.73
2017Summary only. Only limited summary data is available for this year.$2.99$1.02$1.97$3.75$2.85$0.90
2016Summary only. Only limited summary data is available for this year.$1.34$0.34$1.00$2.92$2.64$0.28
2015Summary only. Only limited summary data is available for this year.$0.91$0.04$0.87$1.95$1.79$0.16
2014Summary only. Only limited summary data is available for this year.$0.99$0.28$0.71$1.96$2.35$0.39
2013Summary only. Only limited summary data is available for this year.$1.36$0.26$1.09$2.14$2.05$0.09
2012Summary only. Only limited summary data is available for this year.$1.90$0.90$1.00$2.79$2.37$0.42
2011Summary only. Only limited summary data is available for this year.$1.42$0.87$1.83$1.83$0.00