Civic Intelligence

Mercado Life Foundation

EIN 85-6787000 • Wesley Chapel, FL

30595 Ivy Forge CTWesley Chapel, FL 33543
Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

66th percentile

0.00x

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

<$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-5290%

Higher net margin than 2% of similar nonprofits.

<$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.

<$500k nonprofits • Source year 2024

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-99%

Faster revenue growth than 5% of similar nonprofits.

<$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $651,596 (-100%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$0

Down $651,596 (-100%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin2nd percentile

Revenue

Down

$3,305

Down $364,312 (-99%) from 2023

Expenses

Up

$178,151

Up $121,754 (+216%) from 2023

Net Income

Down

-$174,846

Down $486,066 (-156%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$800K$600K$400K$200K$0Assets 2020: $325,000Liabilities 2020: $1Net Assets 2020: $325,0002020Assets 2021: $317,315Liabilities 2021: $1Net Assets 2021: $317,3152021Assets 2022: $419,978Liabilities 2022: $1Net Assets 2022: $419,9782022Assets 2023: $651,596Liabilities 2023: $0Net Assets 2023: $651,5962023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

$400K$200K$0-$200KRevenue 2020: $350,000Expenses 2020: $25,000Net Income 2020: $325,0002020Revenue 2021: $6,527Expenses 2021: $14,212Net Income 2021: -$7,6852021Revenue 2022: $134,254Expenses 2022: $31,591Net Income 2022: $102,6632022Revenue 2023: $367,617Expenses 2023: $56,397Net Income 2023: $311,2202023Revenue 2024: $3,305Expenses 2024: $178,151Net Income 2024: -$174,8462024

Highlighted filing

2024

Revenue$3,305
Expenses$178,151
Net Income-$174,846
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$3,305
Expenses
$178,151
Net income
-$174,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$1.78$1.75
2023Detailed filing. Detailed filing data is available for this year.$6.52$0.00$6.52$3.68$0.56$3.11
2022Detailed filing. Detailed filing data is available for this year.$4.20$0.00$4.20$1.34$0.32$1.03
2021Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.07$0.14$0.08
2020Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$3.50$0.25$3.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RONNIEL MERCADOTrustee-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantRUTGERS UNIVERSITY FOUNDATIONDONATIONPUBLIC CHARITYNEW BRUNSWICK, NJ, US$71,834
Paid GrantNATIONAL PEDIATRIC CANCER FOUNDATIONDONATIONPUBLIC CHARITYTAMPA, FL, US$3,930
Filing and Contact Details

Filer

Filer Name
Mercado Life Foundation
EIN
85-6787000
Phone
9735639554
Address
30595 IVY FORGE CT, WESLEY CHAPEL, FL 33543

Signing Officer

Name
Ronniel Mercado
Title
Trustee
Phone
9735639554
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
GARCIA & ORTIZ PA CPA'S
Address
888 EXECUTIVE CENTER DRIVE WEST 101, ST PETERSBURG, FL 33702
Preparer
Marianne Touger CPA
Phone
7275761245
Raw XML Appendix284 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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DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt0RUTGERS UNIVERSITY FOUNDATION
DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt1MERCADO FAMILY TRUST
DissolutionStmt/DissolutionInformationGrp/DissolutionAmt071834
DissolutionStmt/DissolutionInformationGrp/DissolutionAmt1285000
DissolutionStmt/DissolutionInformationGrp/ShortExplanationTxt0CASH IN THE AMOUNT OF $71,834 WAS DISTRIBUTED TO RUTGERS UNIVERSITY FOUNDATION ON 12/26/24. THIS AMOUNT CONSTITUTES THE FAIR MARKET VALUE REMAINING IN THE FOUNDATION'S BANK ACCOUNT ON THAT DATE.
DissolutionStmt/DissolutionInformationGrp/ShortExplanationTxt1CASH IN THE AMOUNT OF $285,000 WAS DISTRIBUTED TO THE MERCADO FAMILY TRUST IN DECEMBER, 2024. THIS REPRESENTS A RETURN OF ORIGINAL CONTRIBUTION MADE BY MERCADO FAMILY TRUST IN 2023.
DissolutionStmt/DissolutionInformationGrp/USAddress/AddressLine1Txt0335 GEORGE STREET SUITE 4000
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IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
LiquidationExplanationStmt/ExplanationTxt0THIS STATEMENT IS SUBMITTED IN CONNECTION WITH THE FINAL FORM 990-PF FOR MERCADO LIFE FOUNDATION, EIN 85-6787000, FOR THE TAX YEAR ENDING 12/31/24. BACKGROUND AND REASON FOR TERMINATION: THE TRUSTEE OF MERCADO LIFE FOUNDATION HAS DETERMINED TO DISSOLVE THE FOUNDATION AND TERMINATE ITS PRIVATE FOUNDATION STATUS. THIS DECISION WAS MADE IN ACCORDANCE WITH THE FOUNDATION'S GOVERNING DOCUMENTS AND APPLICABLE STATE LAW. THE FOUNDATION HAS NO OUTSTANDING LIABILITIES AND HAS COMPLETED ALL REQUIRED FILINGS AND NOTIFICATIONS. CHARITABLE DISTRIBUTIONS: IN ACCORDANCE WITH SECTION 507 (B)(1)(A) AND THE FOUNDATION'S EXEMPT PURPOSES, ALL REMAINING NET ASSETS, AFTER SATISFACTION OF LIABILITIES, WERE DISTRIBUTED TO ONE OR MORE ORGANIZIATIONS DESCRIBED IN SECTION 170 (B)(1)(A) (PUBLIC CHARITIES) AS FOLLOWS: RUTGERS UNIVERSITY FOUNDATION: 23-7318742 - 336 GEORGE STREET SUITE 4000 NEW BRUNSWICK, NJ 08901, AMOUNT: $71,834, DATE: 12/26/24 RETURN OF ORIGINAL CONTRIBUTIONS: IN ACCORDANCE WITH THE FOUNDATION'S GOVERNING INSTRUMENT AND APPLICABLE STATE LAW, AND AFTER SATISFACTION OF ALL CHARITABLE DISTRIBUTION REQUIREMENTS, THE ORIGINAL CONTRIBUTIONS MADE BY THE FOUNDATION'S OWNER, RONNIEL MERCADO, AND HIS TRUST,WHICH IS NAMED THE MERCADO FAMILY TRUST (GRANTOR TRUST) WERE RETURNED IN THE AMOUNT OF $285,000. THIS RETURN WAS MADE ONLY TO THE EXTENT THAT SUCH AMOUNTS DID NOT CONSTITUTE INCOME OR APPRECIATION AND REPRESENTED THE ORIGINAL PRINCIPAL CONTRIBUTED BY THE OWNER. THE RETURN OF CONTRIBUTIONS WAS MADE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL AND STATE LAWS AND AFTER ALL CHARITABLE OBLIGATIONS WERE SATISFIED. PLEASE NOTE THAT $285,000 WAS ERRONEOUSLY INCLUDED ON DR. MERCADO'S 2023 PERSONAL INCOME TAX RETURN. THE PERSONAL RETURN WILL BE AMENDED TO EXCLUDE THE CONTRIBUTION OF $285,000.
OtherDecreasesSchedule/OtherDecreasesDetail/Amt0285000
OtherDecreasesSchedule/OtherDecreasesDetail/Amt1191750
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0RETURN OF CONTRIBUTIONS
OtherDecreasesSchedule/OtherDecreasesDetail/Desc1AMOUNT REPRESENTS A CORRECTION TO AN ACCOUNTING ERROR
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1RETREAT EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2OFFICE EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt038
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt187075
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2174
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt038
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt187075
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2174
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt015100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0OTHER PROFESSIONAL FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt015100
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONNIEL MERCADO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09735639554
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERCADO LIFE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MERC
ReturnHeader/Filer/EIN0856787000
ReturnHeader/Filer/PhoneNum09735639554
ReturnHeader/Filer/USAddress/AddressLine1Txt030595 IVY FORGE CT
ReturnHeader/Filer/USAddress/CityNm0WESLEY CHAPEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033543
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593410694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GARCIA & ORTIZ PA CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0888 EXECUTIVE CENTER DRIVE WEST 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST PETERSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033702
ReturnHeader/PreparerPersonGrp/PhoneNum07275761245
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIANNE TOUGER CPA
ReturnHeader/ReturnTs02025-11-17T16:33:02-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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