Merchants Foundation INC

Tax-deductible

Carmel, IN501(c)(3)Foundations & GrantmakersEIN 88-1340802

501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $167 a year · under 1% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
990-PF Pt I · 3 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$450K
+321% vs prior year
Spent
$450K
Net assets
$500
By yearFY2022–FY2024
Revenue
$450K
FY2024▲ +321%
Revenue by fiscal year
FY2022$0
FY2023$107K
FY2024$450K
Expenses
$450K
FY2024▲ +323%
Expenses by fiscal year
FY2022$0
FY2023$106K
FY2024$450K
Net assets
$500
FY20240%
Net assets by fiscal year
FY2022$0
FY2023$500
FY2024$500

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2022.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 100% · $450K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990-PF.

Part VII, Section A · reportable compensation
Exec Director, President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Merchants Foundation INC executive salaries →

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Programs and updates

A private foundation based in Carmel, IN.

Provided by the organization

This section is blank until Merchants Foundation INC claims this page.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 35 grants · $450K · 2024–2024
Rdoor - Fka (merchants Affordable Housing Corp)FY2024$75,000
Greater Indianapolis Habitat for HumanityFY2024$50,000
Coburn PlaceFY2024$50,000
Local Initiatives Support Corporation (lisc) IndianaFY2024$20,000
First Baptist AthleticsFY2024$20,000
Second HelpingsFY2024$13,000
The Arc MinnesotaFY2024$10,000
Partners in HousingFY2024$10,000
Community Foundation of Randolph CountyFY2024$10,000
Million Meal Movement INCIN · FY2024$7,020
Seeds of HopeFY2024$5,000
Foster Success INCIN · FY2024$5,000
Dream Alive LLCPA · FY2024$5,000
Coalition for Homelessness Intervention and Prevention (chip)FY2024$5,000
See all 35 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV16
Average grantPart XV$13K
Median grantPart XV$5K
Largest grantPart XV$90K
Top cause focusNTEEFood & Agriculture (14%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$450K
Gifts and grants$450K
Money out
$450K
Grants paid$450K
Owns and owes
$500
net assets
Cash and savings$500
Total assets$500
Liabilities$0
People
6
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$450K
Total revenue$450K
Assets in detailEnd of year
Cash and savings together$500
Total assets$500
Liabilities$0
Net assets$500
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $450K$450K$0$500 990 PDF
FY2023 $107K$106K$500$500 990 PDF
FY2022 $0$0$0$0 990 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

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

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