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Nonprofiteer
← MERIT NETWORK INC

Form 990 for tax year 2022

Filed by MERIT NETWORK INC.

Totals

Total revenue
$41,116,604
Total expenses
$42,818,323
Contributions and grants received
$2,391,218
Grants paid
$0
Program service revenue
$28,174,695
Investment income
$10,550,691
Other revenue
$0
Total assets, end of year
$196,866,587
Total liabilities, end of year
$21,103,418
Net assets or fund balances, end of year
$175,763,169
Program services expenses (Part IX)
$39,889,950
Management and general expenses
$2,928,373
Fundraising expenses
$0
Program service expenses (Part III)
$39,889,950

Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,391,218

  • 2a · Program service revenue: Community Services

    total $19,305,778 · related or exempt $18,205,755 · unrelated business $1,100,023

  • 2b · Program service revenue: Membership Fees

    total $6,275,887 · related or exempt $6,275,887

  • 2c · Program service revenue: Global Routing Service

    total $2,593,030 · related or exempt $2,593,030

  • 3 · Investment income

    total $10,550,691 · excluded $10,550,691

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,406,020 · program services $1,190,383 · management and general $215,637

  • 7 · Other salaries and wages

    total $7,615,325 · program services $6,447,384 · management and general $1,167,941

  • 8 · Pension plan contributions

    total $707,278 · program services $598,805 · management and general $108,473

  • 9 · Other employee benefits

    total $1,707,065 · program services $1,445,257 · management and general $261,808

  • 11b · Fees: legal

    total $98,463 · program services $83,362 · management and general $15,101

  • 11c · Fees: accounting

    total $65,088 · management and general $65,088

  • 11d · Fees: lobbying

    total $22,500 · program services $22,500

  • 11f · Fees: investment management

    total $245,575 · management and general $245,575

  • 11g · Fees: other

    total $1,325,214 · program services $1,325,214

  • 13 · Office expenses

    total $118,195 · program services $100,068 · management and general $18,127

  • 16 · Occupancy

    total $893,527 · program services $841,835 · management and general $51,692

  • 17 · Travel

    total $549,783 · program services $549,783

  • 22 · Depreciation, depletion and amortization

    total $7,525,250 · program services $6,935,034 · management and general $590,216

  • 23 · Insurance

    total $166,929 · program services $166,929

  • 24a · Other expenses: Materials and construct

    total $11,582,844 · program services $11,485,336 · management and general $97,508

  • 24b · Other expenses: Equipment

    total $3,700,347 · program services $3,700,347

  • 24c · Other expenses: Data circuits

    total $3,607,146 · program services $3,607,146

  • 24d · Other expenses: Licenses

    total $1,337,305 · program services $1,337,305

  • 24e · All other expenses

    total $144,469 · program services $53,262 · management and general $91,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,558,617 · end of year $9,666,505

  • 2 · Savings and temporary cash investments

    beginning of year $684,537 · end of year $709,072

  • 4 · Accounts receivable

    beginning of year $5,113,179 · end of year $3,718,711

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,133,743 · end of year $1,501,372

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

    $91,319,607

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

    $47,381,958

  • 10c · Land, buildings and equipment, net

    beginning of year $37,182,595 · end of year $43,937,649

  • 12 · Investments: other securities

    beginning of year $122,142,889 · end of year $118,589,724

  • 14 · Intangible assets

    beginning of year $78,664 · end of year $0

  • 15 · Other assets

    beginning of year $16,613,275 · end of year $18,743,554

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,977,513 · end of year $6,528,569

  • 19 · Deferred revenue

    beginning of year $3,157,686 · end of year $3,352,957

  • 25 · Other liabilities

    beginning of year $11,378,783 · end of year $11,221,892

  • 27 · Net assets without donor restrictions

    beginning of year $180,993,517 · end of year $175,763,169

Mission and programs · 2022

Mission

Merit Network's mission is to be a respected leader in developing and providing advanced networking services to the research and education community. Merit is a trusted source for providing high-quality network infrastructure; initiating and facilitating collaboration; and providing knowledge and technology transfer through outreach.

  • High speed internet connectivity and related services designed to meet the needs of the research and educational community.

    Expenses $31,670,965 · Revenue $22,061,431

  • Public internet routing registry facilitating information sharing of network routing in the public domain.

    Expenses $1,974,428 · Revenue $1,726,814

  • National and local seminars, training and workshops in support of the internet research and educational community.

    Expenses $5,492,580 · Revenue $2,719,482

  • Education oriented service packages providing virtual servers, related software, monitoring, technical support, and funded research.

    Expenses $751,977 · Revenue $566,945

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rob Thompson

    Director

    Total calculated
    $331,272
    From this org
    $0
    From related orgs
    $256,800
    Other
    $74,472
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,800 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $74,472 related
    Filer's total
    $0 + $331,272 related

  • Milos Topic

    Director

    Total calculated
    $373,198
    From this org
    $0
    From related orgs
    $289,301
    Other
    $83,897
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,301 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $83,897 related
    Filer's total
    $0 + $373,198 related

  • Gavin Leach

    Director

    Total calculated
    $341,940
    From this org
    $0
    From related orgs
    $265,070
    Other
    $76,870
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,070 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $76,870 related
    Filer's total
    $0 + $341,940 related

  • Andrew Palms

    Director

    Total calculated
    $297,585
    From this org
    $0
    From related orgs
    $230,686
    Other
    $66,899
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,686 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $66,899 related
    Filer's total
    $0 + $297,585 related

  • Melissa Woo

    Chair

    Total calculated
    $292,951
    From this org
    $0
    From related orgs
    $227,094
    Other
    $65,857
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,094 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $65,857 related
    Filer's total
    $0 + $292,951 related

  • Joshua Olson

    Vice Chair

    Total calculated
    $282,212
    From this org
    $0
    From related orgs
    $218,769
    Other
    $63,443
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,769 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $63,443 related
    Filer's total
    $0 + $282,212 related

  • Bhavani Koneru

    Director

    Total calculated
    $277,358
    From this org
    $0
    From related orgs
    $215,006
    Other
    $62,352
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,006 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $62,352 related
    Filer's total
    $0 + $277,358 related

  • Andrew Holmes

    Treasurer

    Total calculated
    $267,675
    From this org
    $0
    From related orgs
    $207,500
    Other
    $60,175
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $60,175 related
    Filer's total
    $0 + $267,675 related

  • Ronald Woody

    Secretary

    Total calculated
    $230,166
    From this org
    $0
    From related orgs
    $178,423
    Other
    $51,743
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,423 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $51,743 related
    Filer's total
    $0 + $230,166 related

  • Charlie Weaver

    Director

    Total calculated
    $216,257
    From this org
    $0
    From related orgs
    $167,641
    Other
    $48,616
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,641 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $48,616 related
    Filer's total
    $0 + $216,257 related

  • James Bujaki

    Director

    Total calculated
    $152,392
    From this org
    $0
    From related orgs
    $118,133
    Other
    $34,259
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,133 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,259 related
    Filer's total
    $0 + $152,392 related

  • Julie Hober

    Director

    Total calculated
    $116,100
    From this org
    $0
    From related orgs
    $90,000
    Other
    $26,100
    Hours/week
    1.5 + 40 related

  • Joseph Sawasky

    President/CEO

    Total calculated
    $404,977
    From this org
    $0
    From related orgs
    $299,358
    Other
    $105,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $278,726 related
    Bonus
    $0
    Other
    $0 + $20,632 related
    Deferred
    $0 + $27,873 related
    Nontaxable benefits
    $0 + $77,746 related
    Filer's total
    $0 + $404,977 related

  • Kathleen Micheli

    VP Finance & Admin/CFO

    Total calculated
    $221,823
    From this org
    $0
    From related orgs
    $155,837
    Other
    $65,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $155,837 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,547 related
    Nontaxable benefits
    $0 + $50,439 related
    Filer's total
    $0 + $221,823 related

  • Robert Stovall

    VP Strategy & Research

    Total calculated
    $302,770
    From this org
    $0
    From related orgs
    $204,600
    Other
    $98,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $204,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,424 related
    Nontaxable benefits
    $0 + $77,746 related
    Filer's total
    $0 + $302,770 related

  • Charlotte Bewersdorff

    VP Community Engagement

    Total calculated
    $238,840
    From this org
    $0
    From related orgs
    $185,693
    Other
    $53,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $185,693 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,533 related
    Nontaxable benefits
    $0 + $34,614 related
    Filer's total
    $0 + $238,840 related

  • Michael Milliken

    VP Technology Operations

    Total calculated
    $226,850
    From this org
    $0
    From related orgs
    $182,396
    Other
    $44,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $182,396 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,203 related
    Nontaxable benefits
    $0 + $26,251 related
    Filer's total
    $0 + $226,850 related

  • Kevin Hayes

    Chief Information Security Officer

    Total calculated
    $213,676
    From this org
    $0
    From related orgs
    $161,693
    Other
    $51,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $161,693 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,133 related
    Nontaxable benefits
    $0 + $35,850 related
    Filer's total
    $0 + $213,676 related

  • David Dennis

    Chief Information Officer

    Total calculated
    $199,547
    From this org
    $0
    From related orgs
    $151,760
    Other
    $47,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $151,760 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,140 related
    Nontaxable benefits
    $0 + $32,647 related
    Filer's total
    $0 + $199,547 related

  • Larry Blunk

    Network Engineer

    Total calculated
    $202,433
    From this org
    $0
    From related orgs
    $126,007
    Other
    $76,426
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $126,007 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,564 related
    Nontaxable benefits
    $0 + $63,862 related
    Filer's total
    $0 + $202,433 related

  • Karen Smith

    Executive Professional (until 08/22)

    Total calculated
    $187,776
    From this org
    $0
    From related orgs
    $158,107
    Other
    $29,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $158,107 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,081 related
    Nontaxable benefits
    $0 + $17,588 related
    Filer's total
    $0 + $187,776 related

  • Michael Kallitsis

    Researcher

    Total calculated
    $184,039
    From this org
    $0
    From related orgs
    $135,022
    Other
    $49,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $135,022 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,466 related
    Nontaxable benefits
    $0 + $35,551 related
    Filer's total
    $0 + $184,039 related

  • Roy Hockett

    Network Engineer

    Total calculated
    $178,802
    From this org
    $0
    From related orgs
    $133,467
    Other
    $45,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $133,467 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,394 related
    Nontaxable benefits
    $0 + $32,941 related
    Filer's total
    $0 + $178,802 related

  • Jason Russell

    Director of Business System

    Total calculated
    $148,296
    From this org
    $0
    From related orgs
    $119,072
    Other
    $29,224
    Hours/week
    40

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
The University of Michigan, a related organization, used the following methods to establish compensation for Merit Network Inc's President/CEO: - Compensation committee - Compensation survey or study - Approval by the board or compensation committee

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 3MC Communications LLC

    Inactive · MI · income $0 · assets $0

    Directly controlled by Merit Network Inc

  • Triad Telecom LLC

    Inactive · MI · income $0 · assets $0

    Directly controlled by Merit Network Inc

  • Flamingo Solutions LLC

    Holds Merit's Cap License · MI · income $0 · assets $0

    Directly controlled by Merit Network Inc

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202421319349303047

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