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← MERAKEY FOUNDATION

Form 990 for tax year 2023

Filed by MERAKEY FOUNDATION.

Totals

Total revenue
$1,587,560
Total expenses
$1,038,503
Contributions and grants received
$1,134,139
Grants paid
$302,697
Program service revenue
$0
Investment income
$322,136
Other revenue
$131,285
Total assets, end of year
$12,013,096
Total liabilities, end of year
$54,445
Net assets or fund balances, end of year
$11,958,651
Program services expenses (Part IX)
$302,697
Management and general expenses
$30,567
Fundraising expenses
$705,239
Program service expenses (Part III)
$302,697

Program services were 29.1% 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
    $1,274,059
    From this org
    $0
    From related orgs
    $1,215,852
    Other
    $58,207
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $962,245 related
    Bonus
    $0
    Other
    $0 + $253,607 related
    Deferred
    $0 + $13,314 related
    Nontaxable benefits
    $0 + $44,893 related
    Filer's total
    $0 + $1,274,059 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

  • CHRISTOPHER DUNTON

    SECRETARY

    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

  • JEROME MAURO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOROTHY POLLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHOLA OGUNTUNDE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RAY PENNACCHIA

    DIRECTOR THROUGH NOVEMBER 2023

    Total calculated
    $0
    Hours/week
    1

  • MEGHAN NOLAN

    DIRECTOR THROUGH NOVEMBER 2023

    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, and on a Form 990-PF Part VIII's — 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 FY2024: JOSEPH MARTZ - $ 253,607

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501329349306410

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