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Nonprofiteer
← MERAKEY CHILDRENS SERVICES

Form 990 for tax year 2022

Filed by MERAKEY CHILDRENS SERVICES.

Totals

Total revenue
$15,874,061
Total expenses
$8,892,924
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$7,890,582
Management and general expenses
$1,002,342
Fundraising expenses
$0
Program service expenses (Part III)
$7,890,582

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DERRICK YACOVELLI

    CFO/TREASURER/SECRETA

    Total calculated
    $705,871
    From this org
    $0
    From related orgs
    $671,726
    Other
    $34,145
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,726 related
    Bonus
    $0
    Other
    $0 + $102,000 related
    Deferred
    $0 + $6,369 related
    Nontaxable benefits
    $0 + $27,776 related
    Filer's total
    $0 + $705,871 related
  • MALCOLM MUSGROVE

    VP/VP, ABH

    Total calculated
    $307,258
    From this org
    $0
    From related orgs
    $278,195
    Other
    $29,063
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,195 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,063 related
    Filer's total
    $0 + $307,258 related
  • SLYVIA PURNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related
  • ROBERT NIX III

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 11 related
  • REBECCA MANN

    DIRECTOR/SVP, C&FS

    Total calculated
    $401,214
    From this org
    $0
    From related orgs
    $392,121
    Other
    $9,093
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,930 related
    Bonus
    $0
    Other
    $0 + $49,191 related
    Deferred
    $0 + $5,231 related
    Nontaxable benefits
    $0 + $3,862 related
    Filer's total
    $0 + $401,214 related
  • AYESHA WAHEED

    PSYCHOLOGIST

    Total calculated
    $297,178
    From this org
    $265,662
    From related orgs
    $0
    Other
    $31,516
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $265,662
    Bonus
    $0
    Other
    $0
    Deferred
    $5,303
    Nontaxable benefits
    $26,213
    Filer's total
    $297,178

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THIS ORGANIZATION DOES NOT DIRECTLY PAY ITS OFFICERS AND DIRECTORS. ALL COMPENSATION TO THE OFFICERS AND DIRECTORS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, MERAKEY USA. MERAKEY USA UNDERTAKES A THOROUGH PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS IS REASONABLE GIVEN THE MARKET IN WHICH THE ORGANIZATION OPERATES. MERAKEY USA CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, PART I, QUESTION 3 ON ITS FORM 990: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE
PART I, LINE 4B
THE FOLLOWING OFFICERS AND DIRECTORS PARTICIPATED IN A 457(F) NONQUALIFIED RETIREMENT PLAN IN FY2023: DERRICK YACOVELLI - $102,000 REBECCA MANN - $49,191

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202401359349300505

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