Civic Intelligence

Merrick Foundation Inc.

990 • Fiscal year 2014 • EIN 47-6024770

Nov 01, 2013 to Oct 31, 2014 • Filed on Mar 11, 2015

1530 17th Avenue68826

(308) 946-3707

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.16x

Higher debt load relative to assets than 42% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

2.78x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

23rd percentile

-3.1%

Higher net margin than 23% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

17th percentile

$81,577

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

62nd percentile

6.7%

Faster asset growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$16,392,302

Up $1,033,233 (+6.7%) from 2013

Net Assets

Up

$13,689,480

Up $677,790 (+5.2%) from 2013

Liabilities

Up

$2,702,822

Up $355,443 (+15%) from 2013

Revenue

$971,457

No earlier filing loaded for comparison.

Expenses

Up

$1,002,030

Up $256,297 (+34%) from 2013

Net Income

-$30,573

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $12,164,684Liabilities 2011: $1,832,965Net Assets 2011: $10,331,7192011Assets 2012: $13,519,850Liabilities 2012: $2,004,924Net Assets 2012: $11,514,9262012Assets 2013: $15,359,069Liabilities 2013: $2,347,379Net Assets 2013: $13,011,6902013Assets 2014: $16,392,302Liabilities 2014: $2,702,822Net Assets 2014: $13,689,4802014Assets 2015: $16,007,028Liabilities 2015: $3,101,148Net Assets 2015: $12,905,8802015Assets 2016: $15,818,763Liabilities 2016: $2,975,571Net Assets 2016: $12,843,1922016Assets 2017: $17,271,909Liabilities 2017: $3,461,010Net Assets 2017: $13,810,8992017Assets 2018: $16,366,563Liabilities 2018: $3,261,069Net Assets 2018: $13,105,4942018Assets 2019: $15,253,965Liabilities 2019: $2,110,015Net Assets 2019: $13,143,9502019Assets 2020: $16,242,806Liabilities 2020: $2,377,747Net Assets 2020: $13,865,0592020Assets 2021: $20,490,324Liabilities 2021: $3,493,459Net Assets 2021: $16,996,8652021Assets 2022: $16,445,737Liabilities 2022: $3,013,807Net Assets 2022: $13,431,9302022Assets 2023: $17,352,238Liabilities 2023: $2,598,244Net Assets 2023: $14,753,9942023Assets 2024: $20,940,543Liabilities 2024: $2,701,514Net Assets 2024: $18,239,0292024

Highlighted filing

2014

Assets$16,392,302
Liabilities$2,702,822
Net Assets$13,689,480

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $604,0472011Expenses 2012: $786,5282012Expenses 2013: $745,7332013Revenue 2014: $971,457Expenses 2014: $1,002,030Net Income 2014: -$30,5732014Revenue 2015: $1,552,258Expenses 2015: $1,464,747Net Income 2015: $87,5112015Revenue 2016: $1,289,260Expenses 2016: $1,291,171Net Income 2016: -$1,9112016Revenue 2017: $1,208,377Expenses 2017: $1,470,678Net Income 2017: -$262,3012017Revenue 2018: $2,464,296Expenses 2018: $1,246,302Net Income 2018: $1,217,9942018Revenue 2019: $1,445,045Expenses 2019: $1,682,405Net Income 2019: -$237,3602019Revenue 2020: $1,557,241Expenses 2020: $906,890Net Income 2020: $650,3512020Revenue 2021: $2,049,007Expenses 2021: $1,143,327Net Income 2021: $905,6802021Revenue 2022: $1,795,086Expenses 2022: $1,445,706Net Income 2022: $349,3802022Revenue 2023: $1,956,463Expenses 2023: $943,531Net Income 2023: $1,012,9322023Revenue 2024: $1,172,780Expenses 2024: $853,732Net Income 2024: $319,0482024

Highlighted filing

2014

Revenue$971,457
Expenses$1,002,030
Net Income-$30,573
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Mar 11, 2015
Return Version
2013v4.0
Gross Receipts
$1,316,963
Mission and Program Overview

Mission

Improve the quality of life in merrick county by directing charitable funds to achieve maximum benefits.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,928,481$15,127,521▲ $1,199,040
Land, Buildings, and Equipment, Net$741,195$729,559▼ $11,636
Other Notes and Loans Receivable, Net$389,383$360,478▼ $28,905
Savings and Temporary Cash Investments$282,601$153,881▼ $128,720
Total Assets$15,359,069$16,392,302▲ $1,033,233
Other Assets Total$17,409$20,863▲ $3,454
Liabilities
Other Liabilities$1,916,630$2,182,303▲ $265,673
Grants Payable$408,171$493,186▲ $85,015
Accounts Payable and Accrued Expenses$22,578$27,333▲ $4,755
Total Liabilities$2,347,379$2,702,822▲ $355,443
Net Assets / Fund Balance
Permanently Rstr Net Assets$6,488,654$6,572,110▲ $83,456
Temporarily Rstr Net Assets$3,325,606$4,010,295▲ $684,689
Unrestricted Net Assets$3,197,430$3,107,075▼ $90,355
Total Net Assets Fund Balance$13,011,690$13,689,480▲ $677,790
Total Liabilities and Net Assets / Fund Balance$15,359,069$16,392,302▲ $1,033,233

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$176,223$62,194$238,417
Equipment$26,833$70,139$96,972
Land$526,503-$2,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Chuck GriffithExec. DirectFT$81,577$81,577

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$193,187
Program Service Revenue
$0
Investment Income
$697,538
Other Revenue
$80,732
All Other Contributions
$193,187
Change in Net Assets
$-30,573

Audited Revenue Reconciliation

Revenue per Audited Statements
$971,457
Revenue Not Reported on Form 990
$770,073
Total Revenue per Audited Statements
$1,741,530
Total Revenue per Form 990
$971,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$726,140
Salaries, Compensation, and Employee Benefits$157,381
Other Expenses$118,509
Total Fundraising Expense$7,992
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$566,745--$566,745
Grants to Domestic Individuals$159,395--$159,395
Current Officers, Directors, Trustees, and Key Employees-$93,958-$93,958
Other Salaries and Wages-$47,897-$47,897
Depreciation Depletion-$22,251-$22,251
Payroll Taxes-$10,852-$10,852
Fees for Services Accounting-$10,766-$10,766
Conferences and Meetings-$9,754-$9,754
Occupancy-$9,193-$9,193
Advertising--$7,808$7,808
Insurance-$5,430-$5,430
Other Employee Benefits-$4,674-$4,674
Other Expenses-$3,401-$3,401
Office Expenses-$2,245-$2,245
All Other Expenses-$1,971$184$2,155
Total Functional Expenses$726,140$267,898$7,992$1,002,030

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,063,740
Expenses per Audited Statements$1,002,030
Total Expenses per Form 990$1,002,030
Expenses Not Reported on Form 990$61,710
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
47-6004254-3School Trips$20,500
46-6006138--Capital Improvements$16,978
47-6006362--Equipment Truck$16,250
47-6025943-GovMatching Request$15,000
47-0823383-GovRequested Matching$15,000
45-2768334-GovEquip. & Operating$14,380
47-0093680--Capital Improvements$13,600
47-0495122-3Operating$13,028
36-2898527-GovCommunity Program$12,500
50-0395544-GovStudent Trip$9,000
47-0589114--Capital Improvements$8,950
47-0597405--Capital Improvements$7,450
47-6004296-GovStudent Trip$7,250
50-0395544-3Christmas Festival$6,000
47-6006362--Equipment$5,275
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Assets Held for the Benefit of Other$2,182,303
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The organization's governing body reviews and approves the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

The board members annually sign a conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The executive committee meets and reviews compensation annually.

Form 990, Page 6, Part VI, Line 15B

The executive committee meets and reviews compensation annually.

Form 990, Page 6, Part VI, Line 19

The form 990 and other governing documents are made available to the public when requested.

Filing and Contact Details

Filer

EIN
47-6024770
Phone
3089463707

Signing Officer

Name
Chuck Griffith
Title
Executive Director
Phone
3089463707
Signed
2015-03-11
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Ne
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Preparer
Marcy J Luth CPA
Phone
3083811810
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Farm expenses netted against revenue 61,710 farm expenses netted against revenue -61,710

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Farm expenses netted against revenue 61,710

Schedule D, Page 4, Part XII, Line 2D

Farm expenses netted against revenue 61,710

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IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17127
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24298
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IRS990/OtherRevenueMiscGrp/ExclusionAmt061710
IRS990/OtherRevenueMiscGrp/ExclusionAmt119022
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IRS990/PYGrantsAndSimilarPaidAmt0483001
IRS990/PYInvestmentIncomeAmt0399991
IRS990/PYOtherExpensesAmt0112608
IRS990/PYOtherRevenueAmt076833
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IRS990/PYSalariesCompEmpBnftPaidAmt0150124
IRS990/PYTotalExpensesAmt0745733
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-30573
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0282601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0153881
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0215835
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IRS990ScheduleD/DonorAdvisedFundsHeldCnt02
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IRS990ScheduleD/EquipmentGrp/BookValueAmt026833
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IRS990ScheduleD/FundsAndOtherAccountsContriAmt0193187
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0176223
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0238417
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IRS990ScheduleD/OtherExpensesIncludedAmt061710
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02182303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ASSETS HELD FOR THE BENEFIT OF OTHER
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IRS990ScheduleD/RevenueNotReportedAmt0770073
IRS990ScheduleD/RevenueSubtotalAmt0971457
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FARM EXPENSES NETTED AGAINST REVENUE 61,710
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FARM EXPENSES NETTED AGAINST REVENUE 61,710
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt01002030
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.9$2.70$18.2$1.17$0.85$0.32
2023Detailed filing. Detailed filing data is available for this year.$17.4$2.60$14.8$1.96$0.94$1.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$3.01$13.4$1.80$1.45$0.35
2021Detailed filing. Detailed filing data is available for this year.$20.5$3.49$17.0$2.05$1.14$0.91
2020Detailed filing. Detailed filing data is available for this year.$16.2$2.38$13.9$1.56$0.91$0.65
2019Detailed filing. Detailed filing data is available for this year.$15.3$2.11$13.1$1.45$1.68$0.24
2018Detailed filing. Detailed filing data is available for this year.$16.4$3.26$13.1$2.46$1.25$1.22
2017Detailed filing. Detailed filing data is available for this year.$17.3$3.46$13.8$1.21$1.47$0.26
2016Detailed filing. Detailed filing data is available for this year.$15.8$2.98$12.8$1.29$1.29$0.00
2015Detailed filing. Detailed filing data is available for this year.$16.0$3.10$12.9$1.55$1.46$0.09
2014Detailed filing. Detailed filing data is available for this year.$16.4$2.70$13.7$0.97$1.00$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$2.35$13.0$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$2.00$11.5$0.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$1.83$10.3$0.60