Meerwarth Family Foundation
Meerwarth Family Foundation consistently spends more than it earns, drawing down substantial assets for its philanthropic activities.
EIN: 137018740 · New Vernon, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $12.3M |
| Transparency Score | 75/100 |
Is Meerwarth Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meerwarth Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meerwarth Family Foundation
Meerwarth Family Foundation (EIN: 137018740) is a nonprofit organization based in New Vernon, NJ. The organization reported total revenue of $7.6M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meerwarth Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meerwarth Family Foundation is a mid-size nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $75K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-992,368 |
| Total Assets | $12.3M |
| Total Liabilities | $1 |
| Net Assets | $12.3M |
| Operating Margin | -1317.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 138.5 months |
Financial Health Grade: B
In 2023, Meerwarth Family Foundation reported a deficit of $992K with expenses exceeding revenue, holds 138.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Meerwarth Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.6% | +17.7% | -7.5% |
| 2022 | -64.0% | +9.0% | -4.3% |
| 2021 | +25.2% | +25.9% | +0.2% |
| 2020 | +66.5% | -12.2% | +0.2% |
| 2019 | -90.1% | +207.2% | +106.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Meerwarth Family Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Meerwarth Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $992K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through mechanisms not classified as officer compensation, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Meerwarth Family Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years, drawing down assets.
- Lack of specific NTEE code or program details makes it difficult to assess programmatic impact.
Strengths
The following positive indicators were identified for Meerwarth Family Foundation:
- Substantial asset base ($12,324,376 in 2023) provides a strong financial foundation.
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Minimal liabilities ($1 across all filings) demonstrates excellent financial health and no debt.
- Consistent filing history provides good transparency into financial operations.
Frequently Asked Questions about Meerwarth Family Foundation
Is Meerwarth Family Foundation a legitimate charity?
Meerwarth Family Foundation (EIN: 137018740) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Meerwarth Family Foundation spend its money?
Meerwarth Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Meerwarth Family Foundation tax-deductible?
Meerwarth Family Foundation is registered as a tax-exempt nonprofit (EIN: 137018740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Meerwarth Family Foundation located?
Meerwarth Family Foundation is headquartered in New Vernon, New Jersey and files with the IRS under EIN 137018740.
How many years of IRS 990 filings does Meerwarth Family Foundation have?
Meerwarth Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.6M in total revenue.
Is Meerwarth Family Foundation a good charity?
Based on the available data, the Meerwarth Family Foundation appears to be a well-managed private foundation with substantial assets and no reported officer compensation. Its consistent grantmaking (implied by expenses exceeding revenue) suggests active philanthropic work. However, without specific program details, it's hard to assess the direct impact of its 'charitable' activities.
What is the primary focus of the Meerwarth Family Foundation?
The NTEE code is unknown, and the provided data does not specify the foundation's programmatic focus. Further investigation into their 990-PF filings (if applicable) or website would be necessary to determine their mission and grantmaking areas.
Is the foundation's spending sustainable?
The foundation has consistently spent more than its revenue in recent years (e.g., $1,067,677 expenses vs. $75,309 revenue in 2023), leading to a decline in assets from $13,915,246 in 2021 to $12,324,376 in 2023. While current assets are substantial, this trend suggests a draw-down of the endowment, which may not be sustainable indefinitely without significant investment returns or new contributions.
Filing History
IRS 990 filing history for Meerwarth Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Meerwarth Family Foundation's revenue has declined by 42.3%, moving from $131K to $75K. Total assets increased by 293.8% over the same period, from $3.1M to $12.3M. Total functional expenses rose by 1620%, from $62K to $1.1M. In its most recent filing year (2023), Meerwarth Family Foundation reported a deficit of $992K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $1.1M | $12.3M | $1 | — | — |
| 2022 | $309K | $907K | $13.3M | $1 | — | View 990 |
| 2021 | $859K | $832K | $13.9M | $1 | — | View 990 |
| 2020 | $686K | $661K | $13.9M | $1 | — | View 990 |
| 2019 | $412K | $753K | $13.9M | $1 | — | — |
| 2015 | $4.2M | $245K | $6.7M | $1 | — | View 990 |
| 2014 | $273K | $270K | $2.8M | $1 | — | View 990 |
| 2013 | $60K | $269K | $2.8M | $1 | — | View 990 |
| 2012 | $170K | $306K | $3.0M | $1 | — | View 990 |
| 2011 | $131K | $62K | $3.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $1.1M, and assets of $12.3M (revenue -75.6% year-over-year).
- 2022: Revenue of $309K, expenses of $907K, and assets of $13.3M (revenue -64.0% year-over-year).
- 2021: Revenue of $859K, expenses of $832K, and assets of $13.9M (revenue +25.2% year-over-year).
- 2020: Revenue of $686K, expenses of $661K, and assets of $13.9M (revenue +66.5% year-over-year).
- 2019: Revenue of $412K, expenses of $753K, and assets of $13.9M (revenue -90.1% year-over-year).
- 2015: Revenue of $4.2M, expenses of $245K, and assets of $6.7M (revenue +1432.5% year-over-year).
- 2014: Revenue of $273K, expenses of $270K, and assets of $2.8M (revenue +351.9% year-over-year).
- 2013: Revenue of $60K, expenses of $269K, and assets of $2.8M (revenue -64.4% year-over-year).
- 2012: Revenue of $170K, expenses of $306K, and assets of $3.0M (revenue +30.0% year-over-year).
- 2011: Revenue of $131K, expenses of $62K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meerwarth Family Foundation:
Data Sources and Methodology
This transparency report for Meerwarth Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.