Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $36,783

• 1e · Government grants (contributions)

  $146,932

• 1f · All other contributions, gifts and grants

  $1,537,064

• 3 · Investment income

  total $30,343 · excluded $30,343

• 7a · Gross sales of assets other than inventory

  securities $1,960,135

• 7b · Less cost or other basis and sales expenses

  securities $1,934,005

• 7c · Gain or loss

  securities $26,130

• 7d · Net gain or loss

  total $26,130 · excluded $26,130

• 8a · Fundraising events: gross income

  $204,415

• 8a · Fundraising events: contributions included on line 1c

  $36,783

• 8b · Fundraising events: direct expenses

  $100,215

• 8c · Net income from fundraising events

  total $104,200 · excluded $104,200

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,293,880 · program services $1,293,880

• 11c · Fees: accounting

  total $25,000 · program services $17,500 · management and general $7,500

• 11f · Fees: investment management

  total $7,806 · program services $5,464 · management and general $2,342

• 12 · Advertising and promotion

  total $269 · fundraising $269

• 13 · Office expenses

  total $93,343 · program services $65,338 · management and general $28,005

• 14 · Information technology

  total $19,199 · program services $13,439 · management and general $5,760

• 17 · Travel

  total $2,108 · program services $1,476 · management and general $632

• 24a · Other expenses: PRINTING AND PUBLICATIO

  total $2,996 · program services $1,468 · fundraising $1,528

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $2,616 · program services $1,282 · fundraising $1,334

• 24c · Other expenses: POSTAGE

  total $1,860 · program services $911 · fundraising $949

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $24,998 · end of year $17,968

• 3 · Pledges and grants receivable

  beginning of year $4,313,685 · end of year $4,548,686

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,716 · end of year $8,203

• 10a · Land, buildings and equipment: cost or other basis

  $23,692

• 10b · Land, buildings and equipment: accumulated depreciation

  $23,692

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $5,447,738 · end of year $6,042,037

• 15 · Other assets

  beginning of year $1,859,642 · end of year $1,934,639

• 17 · Accounts payable and accrued expenses

  beginning of year $6,736

• 27 · Net assets without donor restrictions

  beginning of year $2,194,991 · end of year $2,441,941

• 28 · Net assets with donor restrictions

  beginning of year $9,453,052 · end of year $10,109,592

The filer's explanations (Part III)

PART I LINE 3

METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION TO OFFICERS AND DIRECTORS REPORTED ON PART VII OF THE FORM 990 WAS PAID BY A RELATED ORGANIZATION, MMC. MMC CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION BY SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE COMPENSATION PAID TO THE OFFICERS LISTED ON MHF'S FORM 990 WAS ESTABLISHED PURSUANT TO THE REBUTTABLE PRESUMPTION OF REASONABLENESS.

PART I LINE 4B

SEVERAL OFFICERS ARE PARTICIPANTS IN A 457F PLAN THAT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE MMC BOARD OF DIRECTORS. FOR THE CURRENT YEAR, THE FOLLOWING AMOUNTS WERE DEFERRED BY MMC AND ARE NOT SUBSTANTIALLY VESTED AND SUBJECT TO CREDITOR CLAIMS AND FORFEITURES: MAULIK JOSHI $1,005,643 LYNN HAINES $23,626 JOSHUA REPAC $379,700

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MERITUS INSURANCE COMPANY LTD

  CAPTIVE INSURANCE · CJ

• MERITUS ENTERPRISES INC

  C · HEALTH SERVICES · MD