Merrick Foundation INC EIN 47-6024770 Form 990 (PDF) Claim this org

Merrick Foundation INC

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Directs charitable funds to improve Merrick County's quality of life. For fiscal year 2024 it reported $1.2M in revenue, $854K in expenses, and $18.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Central City, NE
Website
www.merrick-foundation.org
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$854K
Net assets
$18.2M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-6024770 Public charity (501(c)(3)) Central City, NE
Form 990 (PDF)
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Size
$1–10M
What they do
Directs charitable funds to improve Merrick County's quality of life.
Leadership
Shauna Graham · Cdo · $46K
Money in and out
$1.2M revenue, $854K expenses
Bottom line
67% program efficiency
Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$18.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $319K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.31 Fundraising $0.02
Program efficiency
67%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
286.5mo
months of highly liquid reserves at operating expense rate▲ +34% vs prior filing year
Surplus margin
+27%
revenue over expenses, this year▼ -47% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.2M
FY2024▼ -40%
Expenses
$854K
FY2024▼ -10%
Total assets
$20.9M
FY2024▲ +21%
Total liabilities
$2.7M
FY2024▲ +4%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$854K
Pt IX · Ln 25
Net assets
$18.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$319K
Total assetsPt X · Ln 16$20.9M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMerrick Foundation INC
EINHdr · item D47-6024770
Principal addressHdr · item CCentral City, NE
WebsiteHdr · item Jwww.merrick-foundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 1961

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$45,525Pt VII · Sec A
$42,011Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shauna Graham$45,525$80,325$41,915
Courtney Retzlaff$42,011$64,164$59,252

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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Mission & Programs · Part III

Where the work happens

1 program service account for $572K of program spending, described in the organization's own filed words · FY2023.
01

Individuals, groups, and communities in merrick county, nebraska, make applications to the foundation for grants, awards, and scholarships.

$572Kprogram expense

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Statement of Revenue

Part VIII
Investment income$610K · 52%
Contributions & grants$433K · 37%
Other revenue$95K · 8%
Program service revenue$35K · 3%
Investment income52%$610K
Contributions & grants37%$433K
Other revenue8%$95K
Program service revenue3%$35K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.31 Fundraising $0.02
Program services67%$572K
Management & general31%$265K
Fundraising2%$17K
Total functional expensesLn 25$854K

Balance Sheet

Part X · end of year
CashLn 1$108K
Total assetsLn 16$20.9M
Total liabilitiesLn 26$2.7M
Total net assetsLn 32$18.2M
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20.4M · Operating expenses/yr $854K
286.5 months
Where the money goes
Program services
Program services $572K · Total expenses $854K
67%
Management & General
Management & general $265K · Total expenses $854K
31%
Fundraising
Fundraising $17K · Total expenses $854K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $469K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $433K · Total revenue $1.2M
37%
Government reliance
Government grants — · Total revenue $1.2M
Earned-income share
Program service revenue $35K · Total revenue $1.2M
3%
Investment reliance
Investment income $610K · Total revenue $1.2M
+52%
Program self-sufficiency
Program service revenue $35K · Total expenses $854K
4%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $2.0M
-40%
Revenue CAGR
FY2019 $1.6M · FY2023 $1.2M
-7%
Net-asset trend (YoY)
End of year $18.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $854K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $20.9M
Net-asset ratio
Net assets $18.2M · Total assets $20.9M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $20.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20.9M
97%
People & payroll
Highest Reported Total Compensation
Individual Shauna Graham · Reported title CDO · Highest reported compensation $46K · Total expenses $854K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $160K · Total expenses $854K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 31%
Fundraising cost ratio 4%
Revenue growth -40%
Investment management fee ratio 0.1%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$18K
Grants paid · 73 grants · $2.3M · 2019–2023
Unitemized GrantFY2023$157,750
Central City Public SchoolsFY2023$66,792
Little Storm ChildcareNE · FY2023$47,500
Palmer Rescue SquadFY2023$20,000
Maplewood Corners - Palmer HousingFY2023$15,000
Central City Public LibraryFY2023$10,640
Chapman Volunteer Fire & RescueFY2023$10,000
Platte Peer GroupNE · FY2023$8,000
Lone Tree Literary SocietyFY2023$6,680
Village of ClarksFY2023$6,000
Unitemized GrantFY2022$132,650
Central City Public SchoolsFY2022$76,499
Central City Public SchoolsFY2022$53,667
See all 73 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · viewing · ⤓ 990 PDF
FY2023$2.0M revenue · ⤓ 990 PDF
FY2022$1.8M revenue · ⤓ 990 PDF
FY2021$2.0M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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