Meritas INC

Bloomington, MN501(c)(6)Since 1990EIN 41-1680234Revenue $4.7M in FY2025

On file with the IRSmeritas.org3800 American Blvd W Ste 995, 55431-4457 · Bloomington, MNTax-exempt since Jun 1996

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$932K paid to officers and key staff.
Pay: Part VII

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $279K a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$932K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+6% vs prior year
Spent
$4.6M
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$4.7M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$3.5M
FY2022$4.2M
FY2023$4.7M
FY2024$4.5M
FY2025$4.7M
Expenses
$4.6M
FY2025▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.0M
FY2022$3.9M
FY2023$4.5M
FY2024$4.3M
FY2025$4.6M
Net assets
$3.8M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.9M
FY2022$3.2M
FY2023$3.4M
FY2024$3.6M
FY2025$3.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

31 people listed on the 990; $932K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$295,143Pt VII · Sec A
VP of Global Mkting & Engagement
$189,095Pt VII · Sec A
Regional Director
$139,583Pt VII · Sec A
Controller
$107,772Pt VII · Sec A
Communications Manager
$107,345Pt VII · Sec A
Chairman of the Board
$93,063Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sona Pancholy$295,143$283,791$275,050$259,276$255,084$223,693
Dawn Iacarella—————$193,158
Kimberly Heinrich$189,095$180,448$168,500$159,921$148,778$144,444
Kim Gendron—$153,891$147,339$139,442——
Paul Webb$139,583—————
Tanna Moore—————$122,477
Lauren Burnham————$117,980$120,084
Corey Garver—$112,750————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects independent law firms worldwide.

Provided by the organization

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3 programs · in their own filed words · FY2025
01

Member Meetings

The primary goal of member meetings is to build relationships. By doing so, the organization achieves its overall goal of building trust between its members such that legal work can be referred with confidence across all regions of the network.

Pt IX · col B
02

Regional Member Support

Regional member support involves the development and management of initiatives that facilitate member engagement, leadership and planning and the sharing of information and best practices. Member firms are supported through the planning, execution and follow-up of these regional initiatives.

Pt IX · col B
03

Marketing

Marketing at meritas includes the meritas website, a firm management content program, tradeshow appearances and sponsorships as well as publications. The objective of marketing is to create awareness of the meritas organization among prospective clients of meritas firms.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Fees for servicesLn 2g$4.5M
Investment incomeLn 3$119K
Other incomeLn 4–11$78K
Money outPt IX
$4.6M
Ln 25
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$6.0M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
31
listed · VII A
PaidVII A6
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.5M
Investment incomeLn 3$119K
Other incomeLn 4–11$78K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$256K
SavingsLn 2$4.2M
Cash and savings togetherLn 1–2$4.4M
Land, buildings, equipmentLn 10c$61K
Other assetsLn 15$65K
Total assetsLn 16$6.0M
LiabilitiesLn 26$2.2M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 514
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.1M$4.4M
Land, buildings, equipmentLn 10c$12K$61K
Total assetsLn 16$5.7M$6.0M
LiabilitiesLn 26$2.1M$2.2M
Net assetsLn 32$3.6M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.2M
Other salaries and wagesLn 7$289K
Pension plan contributionsLn 8$33K
Other employee benefitsLn 9$215K
Payroll taxesLn 10$105K
Accounting feesLn 11c$10K
Other fees for servicesLn 11g$659K
Advertising and promotionLn 12$103K
Office expensesLn 13$208K
Information technologyLn 14$433K
OccupancyLn 16$52K
TravelLn 17$248K
Depreciation, depletion and amortizationLn 22$7K
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$976K
Total functional expensesLn 25$4.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.7M$4.6M$171K$3.8M 990 PDF
FY2024 $4.5M$4.3M$189K$3.6M 990 PDF
FY2023 $4.7M$4.5M$199K$3.4M 990 PDF
FY2022 $4.2M$3.9M$255K$3.2M 990 PDF
FY2021 $3.5M$3.0M$520K$2.9M 990 PDF
FY2020 $3.5M$3.2M$341K$2.4M 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
See the full FY2025 990 (6 parts)
Part I · Summary $4,724,688 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,299,936$4,527,665
I-10 Investment incomePrior year $136,198$119,493
I-11 Other revenuePrior year $28,329$77,530
I-12 Total revenuePrior year $4,464,463$4,724,688
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,822,707$1,838,315
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,452,849$2,715,692
I-18 Total expensesPrior year $4,275,556$4,554,007
I-19 Revenue less expensesPrior year $188,907$170,681
Part VI · Governance 22 of 22 board members independent, 2 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,724,688 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,527,665$4,527,665
VIII-3 Investment incomeExcluded from tax $119,493$119,493
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $77,530$77,530
VIII-12 Total revenueRelated to mission $4,605,195 · Unrelated business $0 · Excluded from tax $119,493$4,724,688
Part IX · Statement of functional expenses $4,554,007 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$1,195,603
IX-7 Other salaries and wages$289,301
IX-8 Pension plan contributions$33,381
IX-9 Other employee benefits$215,182
IX-10 Payroll taxes$104,848
IX-11c Accounting fees$10,449
IX-11g Other fees for services$658,762
IX-12 Advertising and promotion$103,497
IX-13 Office expenses$208,499
IX-14 Information technology$433,130
IX-16 Occupancy$51,912
IX-17 Travel$247,680
IX-22 Depreciation, depletion and amortization$7,169
IX-23 Insurance$18,597
IX-24 Other expenses (24a–d)$975,997
IX-25 Total functional expenses$4,554,007
Part X · Balance sheet $5,970,159 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $249,753$256,260
X-2 Savings and temporary cash investmentsStart of year $3,873,995$4,160,748
X-4 Accounts receivableStart of year $1,232,353$1,191,689
X-9 Prepaid expenses and deferred chargesStart of year $227,617$235,343
X-10c Land, buildings and equipment, netStart of year $12,227$60,918
X-15 Other assetsStart of year $91,135$65,201
X-16 Total assetsStart of year $5,687,080$5,970,159
X-17 Accounts payable and accrued expensesStart of year $127,427$126,854
X-19 Deferred revenueStart of year $1,875,384$2,015,494
X-25 Other liabilitiesStart of year $98,231$71,092
X-26 Total liabilitiesStart of year $2,101,042$2,213,440
X-27 Net assets without donor restrictionsStart of year $3,586,038$3,756,719
X-32 Total net assets or fund balancesStart of year $3,586,038$3,756,719
X-33 Total liabilities and net assetsStart of year $5,687,080$5,970,159
Part XI · Reconciliation of net assets $3,756,719 net assets at year end
XI-1 Total revenue$4,724,688
XI-2 Total expenses$4,554,007
XI-3 Revenue less expenses$170,681
XI-4 Net assets at start of year$3,586,038
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,756,719

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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