Civic Intelligence

Louie R Merlo Foundation

EIN 83-4263294 • 501(c)3 • Northville, MI

Pub. 78 Eligible

Profile

Gifting of items and services to provide a better quality of life for families with severely impaired children.

8505 Terra Bella RdNorthville, MI 48168-9487

www.lrmfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

72nd percentile

15%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

85th percentile

53%

Faster revenue growth than 85% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$292,830

Up $37,221 (+15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$292,830

Up $37,221 (+15%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin89th percentile

Revenue

Up

$77,128

Up $26,737 (+53%) from 2023

Expenses

Down

$39,907

Down $6,869 (-15%) from 2023

Net Income

Up

$37,221

Up $33,606 (+930%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2019: $65,548Liabilities 2019: $0Net Assets 2019: $65,5482019Assets 2020: $118,531Liabilities 2020: $0Net Assets 2020: $118,5312020Assets 2021: $125,253Liabilities 2021: $0Net Assets 2021: $125,2532021Assets 2022: $251,994Liabilities 2022: $0Net Assets 2022: $251,9942022Assets 2023: $255,609Liabilities 2023: $0Net Assets 2023: $255,6092023Assets 2024: $292,830Liabilities 2024: $0Net Assets 2024: $292,8302024

Highlighted filing

2024

Assets$292,830
Liabilities$0
Net Assets$292,830
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2019: $116,548Expenses 2019: $51,000Net Income 2019: $65,5482019Revenue 2020: $82,153Expenses 2020: $29,170Net Income 2020: $52,9832020Revenue 2021: $55,747Expenses 2021: $49,025Net Income 2021: $6,7222021Revenue 2022: $162,986Expenses 2022: $36,245Net Income 2022: $126,7412022Revenue 2023: $50,391Expenses 2023: $46,776Net Income 2023: $3,6152023Revenue 2024: $77,128Expenses 2024: $39,907Net Income 2024: $37,2212024

Highlighted filing

2024

Revenue$77,128
Expenses$39,907
Net Income$37,221
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$292,830
Liabilities
$0
Net assets
$292,830
Revenue
$77,128
Expenses
$39,907
Net income
$37,221
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.00$2.93$0.77$0.40$0.37
2023Detailed filing. Detailed filing data is available for this year.$2.56$0.00$2.56$0.50$0.47$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.52$0.00$2.52$1.63$0.36$1.27
2021Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.56$0.49$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.82$0.29$0.53
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$1.17$0.51$0.66
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 4, 2025
Return Version
2024v5.0
Gross Receipts
$119,977
Mission and Program Overview

Mission

Gifting of items and services to provide a better quality of life for families with severely impaired children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$243,609$285,630▲ $42,021
Land, Buildings, and Equipment, Net$12,000$7,200▼ $4,800
Total Assets$255,609$292,830▲ $37,221
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$255,609$292,830▲ $37,221
Total Net Assets Fund Balance$255,609$292,830▲ $37,221
Total Liabilities and Net Assets / Fund Balance$255,609$292,830▲ $37,221

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,200$17,800$25,000
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Raymond J MerloPresident
Brian MisarasDirector
Chris FragnerDirector
Keith WayneDirector
Paul a AlbanelliDirector
Rick MerloDirector
Nancy a MerloSecretary
Paul a WilkieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$119,951
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$-42,849
All Other Contributions
$26,001
Change in Net Assets
$37,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,907
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,800--$4,800
Other Expenses$35,000$107-$107
Total Functional Expenses$39,800$107$0$39,907
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,849
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Kentucky Derby$93,950-$42,849-
Total Events$93,950-$42,849$-42,849
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 2

“Raymond j. Merlo nancy a. Merlo president secretary spouse rick merlo nancy merlo/raymond merlo director pres/sec son”

Form 990, Page 6, Part VI, Line 11B

“Reviewed by officers prior to electronic submission.”

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

“Organization has conflict of interest policy as prescribed by irs.”

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

“N/a - no compensation, therefore no process”

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

“N/a - no compensation paid.”

Form 990, Page 6, Part VI, Line 19

“Upon request as prescribed by irs regulations.”

Filing and Contact Details

Filer

Filer Name
Louie R Merlo Foundation
EIN
83-4263294
Phone
2487145486
Address
8505 TERRA BELLA RD, NORTHVILLE, MI 48168-9487

Signing Officer

Name
Paul a Wilkie
Title
Treasurer
Phone
2487145486
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy a Merlo
Formed
2019
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
Yatooma Cpas & Advisors Pc
Address
40700 WOODWARD AVE SUITE 301, BLOOMFIELD HILLS, MI 48304
Preparer
Paul a Wilkie
Phone
2483350677
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Board of directors are all volunteers. In addition to role as directors, they all assist in providing program services, and volunteering at functions and events.”

Raw XML Appendix337 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS ARE ALL VOLUNTEERS. IN ADDITION TO ROLE AS DIRECTORS, THEY ALL ASSIST IN PROVIDING PROGRAM SERVICES, AND VOLUNTEERING AT FUNCTIONS AND EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RAYMOND J. MERLO NANCY A. MERLO PRESIDENT SECRETARY SPOUSE RICK MERLO NANCY MERLO/RAYMOND MERLO DIRECTOR PRES/SEC SON
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-04
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ReturnHeader/ReturnTs02025-11-04T16:22:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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