The Mermelstein Foundation

New York, NY · Private foundation / grantmaker · Human Services

✓ Tax-deductible Latest data FY2025
Revenue
$124K
▲ +9% vs prior year
Spent
$145K
Net assets
$-839K

Form 990 for the fiscal year ending November 2025 (IRS tax year 2024).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2023-04-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
Not on file
Size and trend
$100K–1M
↑ +9% vs prior year
Legal name (IRS)Hdr · item CThe Mermelstein Foundation
EINHdr · item D11-2669722
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2024
Latest filingForm 990FY2025 · Form 990-PF
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFHuman Services (P20)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$141K
Operating & administrative2%$4K
Total functional expensesLn 25$145K

Financial health

Revenue & expenses by yearFY2022–FY2025
Revenue
$124K
FY2025▲ +9%
Expenses
$145K
FY2025▼ -32%
Total assets
189K
deployed as grants and operations
Grants paid
141K
in FY2025
Grants made
46grants
total in period
Payout rate
75%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Total assets
$189K
FY2025▼ -10%
Total liabilities
$1.0M
FY2025>-0.01%
Total assetsPt II$189K

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$189K
Total liabilitiesLn 26$1.0M
Total net assetsLn 32$-839K
Months of cash on handcomputed6.2

Statement of Revenue

Part VIII
Investment income$121K · 98%
Contributions & grants$3K · 2%
Investment income98%$121K
Contributions & grants2%$3K
Total revenueLn 12$124K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $189K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $124K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $124K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $124K · Prior year $113K
+9%
Net-asset trend (YoY)
End of year $-839K · Beginning of year $-818K
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $124K · Expenses $145K
-17%
Liabilities-to-Assets
Total liabilities $1.0M · Total assets $189K
544%
Net-asset ratio
Net assets $-839K · Total assets $189K
-444%
People & payroll
Highest Reported Total Compensation
Individual Bernard Mermelstein · Reported title REQ · Highest reported compensation $0 · Total expenses $145K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 9%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
See The Mermelstein Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Mission and programs

A private foundation based in New York, NY.

Provided by the organization

This section is blank until The Mermelstein Foundation claims this page.

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Grants and how to apply

Who They Fund

Part XV · grants paid · 46 grants · $141K · 2024–2024
Yeshiva Har TorahNY · FY2024$19,825
Jcc Chabad W QueensFY2024$18,000
Hebrew Academy of Long BeachNY · FY2024$15,660
Daf a Week INCNJ · FY2024$15,500
Toy Drive of Great NeckFY2024$8,000
Friends of United HatzalahFY2024$8,000
Jcc of Great NeckFY2024$5,200
Jewish Community ChabadFY2024$5,000
Chabad Lubavitch of Beach CountyFY2024$5,000
Great Neck SynagogueFY2024$4,020
American Friends of ShalvaFY2024$3,780
Jcc ChabadFY2024$3,600
Grilling for IsraelFY2024$2,500
Emunah of America INCNY · FY2024$2,360
Yeshiva UniversityNY · FY2024$2,000
Congregation Tifereth MosheNY · FY2024$2,000
A Time USAFY2024$1,800
Shaarei Chesed SynagogueFY2024$1,500
See all 46 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV17
Average grantPart XV$3K
Median grantPart XV$1K
Largest grantPart XV$20K
Top cause focusNTEEReligion (9%)

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $124K$145K+9% 990 PDF
FY2024 $113K$214K×30 990 PDF
FY2023 Not on file
FY2022 $4K$128K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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