MERJENT FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MERJENT FOUNDATION (EIN 83-1623599)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-06-23
IRS object ID
202511749349100601
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-06-23T09:14:30-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN411227298PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CUMMINGS KEEGAN & CO PLLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 HIGHWAY 169 S STE 1400AddressLine1Txt
CitySAINT LOUIS PARKCityNm
State AbbreviationMNStateAbbreviationCd
ZIP554261218ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN831623599EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MERJENT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMERJBusinessNameControlTxt
Phone2314950944PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 MAIN STREET SE SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55414ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJESSICA CARUSOPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6129243959PhoneNum
Signature2025-05-30SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPETER MADDALENAPreparerPersonNm
PTINP01273918PTIN
Phone9523452500PhoneNum
Preparation2025-05-30PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$97,960FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$41,500ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$41,500TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$625AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$625AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$2,500OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,250OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$1,250OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss$25OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$13OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$3,775TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,887TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,888TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$39,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$39,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$43,275TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,887TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$41,388TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,775ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$99,735CashBOYAmt
Cash EOY$97,960CashEOYAmt
Cash EOYFMV$97,960CashEOYFMVAmt
Total Assets BOY$99,735TotalAssetsBOYAmt
Total Assets EOY$97,960TotalAssetsEOYAmt
Total Assets EOYFMV$97,960TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$99,735NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$97,960NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$99,735TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$97,960TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$99,735TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$97,960TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$99,735TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,775ExcessRevenueOverExpensesAmt
Subtotal$97,960SubtotalAmt
Tot Net Ast Or Fund Balances EOY$97,960TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMNOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.MERJENTFOUNDATION.ORGWebsiteAddressTxt
Individual With BooksJESSICA CARUSOIndividualWithBooksNm
Phone2314950944PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11 MAIN STREET SE SUITE 300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55414ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
KARI KRAUSE
1 MAIN STREET SEMINNEAPOLISMN55414PRESIDENT0.50$0$0$0
MELISSA DELLWO
1 MAIN STREET SEMINNEAPOLISMN55414SECRETARY0.50$0$0$0
JESSICA CARUSO
1 MAIN STREET SE SUITE 300MINNEAPOLISMN55414TREASURER0.50$0$0$0
BILL HARDING
1 MAIN STREET SEMINNEAPOLISMN55414BOARD MEMBER0.50$0$0$0
SCOTT BEARD
1 MAIN STREETMINNEAPOLISMN55414BOARD MEMBER0.50$0$0$0
LACY LEPISTO
1 MAIN STREET SEMINNEAPOLISMN55414BOARD MEMBER0.50$0$0$0
MARK CLINE
1 MAIN STREET SEMINNEAPOLISMN55414BOARD MEMBER0.50$0$0$0
BRIAN FOX
1 MAIN STMINNEAPOLISMN55414BOARD MEMBER0.50$0$0$0
BECKY REINERT
1 MAIN STMINNEAPOLISMN55414BOARD MEMBER0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$90,190AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$90,190TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$90,190AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,353CashDeemedCharitableAmt
Net Vl Noncharitable Assets$88,837NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,442MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,442MinimumInvestmentReturnAmt
Distributable Before Adj$4,442DistributableBeforeAdjAmt
Distributable Before Ded$4,442DistributableBeforeDedAmt
Distributable As Adjusted$4,442DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,388ExpensesAndContributionsAmt
Qualifying Distributions$41,388QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,442DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$7,065ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$21,371ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$20,818ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$46,980ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$36,008ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$132,242TotalExcessDistributionCyovAmt
Qualifying Distributions$41,388QualifyingDistributionsAmt
Applied To Current Year$4,442AppliedToCurrentYearAmt
Remaining Distri From Corpus$36,946RemainingDistriFromCorpusAmt
Total Corpus$169,188TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$7,065ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$162,123ExcessDistriCyovToNextYrAmt
Excess From Year4$21,371ExcessFromYear4Amt
Excess From Year3$20,818ExcessFromYear3Amt
Excess From Year2$46,980ExcessFromYear2Amt
Excess From Year1$36,008ExcessFromYear1Amt
Excess From Current Year$36,946ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMERJENT INCContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
2024 - SCHOLARSHIPS ST THOMAS
2115 SUMMIT AVEST PAULMN551051096SCHOLARSHIP$2,500
2024 - SCHOLARSHIP UW STEVEN PT
1108 FREMONT STSTEVENS POINTWI54481SCHOLARSHIP$3,500
2024 - SCHOLARSHIP UNIV OF MN-DUL
1049 UNIVERSITY DRDULUTHMN558123011SCHOLARSHIP$2,500
AMERICAN RED CROSS
430 17TH ST NWWASHINGTONDC20006CHARITABLE CONTRIBUTION$10,000
COMMUNITY FOUNDATION OF WEST IA
536 E BROADWAYCOUNCIL BLUFFSIA51503CHARITABLE CONTRIBUTIONS$4,000
GREATER HOUSTON DISASTER ALLIANCE
PO BOX 3247HOUSTONTX772533247CHARITABLE CONTRIBUTION$4,000
NEBRASKA CATTLEMEN DISASTER RELIEF
4611 CATTLE DRLINCOLNNE685214309CHARITABLE CONTRIBUTION$4,000
SAINT BERNARD PROJECT
2645 TOULOUSE STNEW ORLEANSLA70119CHARITABLE CONTRIBUTION$4,000
ST WILLIAM CATHOLIC SCHOOL
1822 RAVINE STJANESVILLEWI53548CHARITABLE CONTRIBUTION$500
TEAM RUBICAN
5230 PACIFIC CONCOURSE DRLOS ANGLESCA90045CHARITABLE CONTRIBUTION$4,000SUITE 200
TREES FOR TOMORROW
519 E SHERIDAN STEAGLE RIVERWI54521CHARITABLE CONTRIBUTION$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$39,500TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1MERJENT INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1800 WASHINGTON AVE NAddressLine1Txt
Address Line2SUITE 315AddressLine2Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55401ZIPCd
FieldValueIRS element (for citing)
Total Contributions$40,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREP FEESCategoryTxt
Amt$1,250Amt
Net Investment Income$625NetInvestmentIncomeAmt
Disbursements Charitable Prps$625DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
MN FILING FEE$25$12$13

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryCONSULTANTCategoryTxt
Amt$2,500Amt
Net Investment Income$1,250NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,250DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.