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← MERAKEY FOUNDATION

Form 990 for tax year 2024

Filed by MERAKEY FOUNDATION.

Totals

Total revenue
$1,880,300
Total expenses
$1,052,767
Contributions and grants received
$1,167,821
Grants paid
$355,093
Program services expenses (Part IX)
$355,093
Management and general expenses
$29,342
Fundraising expenses
$668,332
Program service expenses (Part III)
$355,093

Program services were 33.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOSEPH MARTZ

    PRESIDENT/CEO

    Total calculated
    $1,367,764
    From this org
    $0
    From related orgs
    $1,312,504
    Other
    $55,260
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,048,752 related
    Bonus
    $0
    Other
    $0 + $263,752 related
    Deferred
    $0 + $6,934 related
    Nontaxable benefits
    $0 + $48,326 related
    Filer's total
    $0 + $1,367,764 related

  • MICHAEL MITCHELL

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • M JOSEPH ROCKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSEPH E BESECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN G FRISCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LIZ GRECO-ROCKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER HARVEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHILIP HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN KELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN KROL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY POLLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHOLA OGUNTUNDE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KIRA WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER DUNTON

    DIRECTOR THRU 11/24

    Total calculated
    $0
    Hours/week
    1

  • JEROME MAURO

    DIRECTOR THRU 11/24

    Total calculated
    $0
    Hours/week
    1

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 OFFICER PARTICIPATED IN A 457(F) NONQUALIFIED RETIREMENT PLAN IN FY2025: JOSEPH MARTZ - $ 263,752

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

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
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601339349303295

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