Merit Incorporated

Monterey, CAUnknown exempt organization EIN 77-0500422Revenue $6K in FY2024Latest return filed Jan 20, 2025

On file with the IRSMonterey, CA

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Enterprise, research and training to strengthen and reclaim young lives.

Form 990-EZ Part III, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0500422) · Dispute this line
Mission: Form 990-EZ Part III

Before you give

FY2024 · Form 990-EZIndependent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990-EZ
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $77K a year · 17% of revenue · last 3 filings
A surplus in 1 of the last 3 filings.
990-EZ Pt I · Ln 18 · 3 filings
Liabilities
$210K
total owed
No data yet: the filing does not give total assets.
990-EZ Pt II · Ln 26
Revenue
$6K
-96% vs prior year
Net assets
−$210K
By yearFY2021–FY2024
Revenue
$6K
FY2024▼ -96%
Tap a bar for its year
Revenue by fiscal year
FY2021$778K
FY2022$404K
FY2023$136K
FY2024$6K
Expenses
—
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2021$559K
FY2022$676K
FY2023$312K
FY2024Not on file
Net assets
−$210K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$252K
FY2022−$19K
FY2023−$196K
FY2024−$210K

From the FY2024 Form 990 (year ending August 2024) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

5 people listed on the 990-EZ.

990-EZ Part IV · reportable compensation
$0990-EZ Pt IV
Director
$0990-EZ Pt IV
$0990-EZ Pt IV
$0990-EZ Pt IV
Director
$0990-EZ Pt IV

Compensation history total reportable pay by year · 3 named individuals · 990-EZ Part IV

NameFY2022FY2021
Tom Gammon$114,571$87,694
Linda Devly$44,363—
Kathy Davi$27,363—

Total reportable compensation (Form 990-EZ Part IV column (c) / 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.

See Merit Incorporated executive salaries →

Programs and updates

Empowers young lives through enterprise, research, and training.

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1 program · $195K · in their own filed words · FY2022
01

1.1 - to provide jobs to inmates to create work experience to enter the world after imprisonment. Employ and train young offenders in a maximum security institution to prepare surplus electronic equipment for WHOLESALE/RESALE, reuse and RECYCLING.2 - conducted evaluations of programs designed to strengthen the education of at risk young…

Form 990-EZ Part III, lines 28–30, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 77-0500422) · Dispute this line
$195Kprogram expense

By the numbers

The FY2024 990-EZ, line by line.

1The main four
Money in
$6K
Other income$6K
Owns and owes
−$210K
net assets
Liabilities$210K
People
5
listed
Paid0
2In more detail
Revenue in detail
Other income$6K
Total revenue$6K
Assets in detailEnd of year
Liabilities$210K
Net assets−$210K
Operations
Employees12
Fiscal year endsAugust

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jan 20, 2025 $6K−$210K 990 PDF
FY2023Filed with the IRS Nov 13, 2023 $136K$312K−$177K−$196K 990 PDF
FY2022Filed with the IRS Jun 27, 2023 $404K$676K−$272K−$19K 990 PDF
FY2021Filed with the IRS Oct 11, 2021 $778K$559K$219K$252K 990 PDF

Schedules filed Part IV

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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