Merlin And Verna Manatt Family Foundation
Merlin And Verna Manatt Family Foundation consistently operates with zero officer compensation, maintaining a stable asset base despite fluctuating annual revenues.
EIN: 208112164 · Grinnell, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $677K |
| Total Expenses | $78K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $583K |
| Transparency Score | 85/100 |
Is Merlin And Verna Manatt Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merlin And Verna Manatt Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Merlin And Verna Manatt Family Foundation
Merlin And Verna Manatt Family Foundation (EIN: 208112164) is a nonprofit organization based in Grinnell, IA, classified under NTEE code T22. The organization reported total revenue of $677K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merlin And Verna Manatt Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merlin And Verna Manatt Family Foundation is a small nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $78K |
| Surplus / Deficit | +$25K |
| Total Assets | $583K |
| Total Liabilities | $1 |
| Net Assets | $583K |
| Operating Margin | 24.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 89.2 months |
Financial Health Grade: A
In 2021, Merlin And Verna Manatt Family Foundation reported a surplus of $25K with revenue exceeding expenses, holds 89.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Merlin And Verna Manatt Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +554.4% | +27.9% | +4.5% |
| 2020 | -41.6% | -1.9% | -7.5% |
| 2019 | -38.2% | +19.4% | -11.1% |
| 2015 | -64.0% | -4.2% | -1.2% |
| 2014 | +620.5% | +37.0% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Merlin And Verna Manatt Family Foundation with a Mission Score of 85 out of 100 (Excellent). 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, Merlin And Verna Manatt 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation operates without paid officers, which is highly efficient for an organization of its size with assets over $500,000.
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.
Strengths
The following positive indicators were identified for Merlin And Verna Manatt Family Foundation:
- Consistent zero officer compensation, indicating high efficiency in leadership costs.
- Stable and substantial asset base (e.g., $582,675 in 2021) providing long-term financial security.
- Low liabilities across all reported periods (e.g., $1 in 2021), indicating strong financial management.
- Positive net revenue in recent years (e.g., $103,491 revenue vs. $78,352 expenses in 2021).
Frequently Asked Questions about Merlin And Verna Manatt Family Foundation
Is Merlin And Verna Manatt Family Foundation a legitimate charity?
Merlin And Verna Manatt Family Foundation (EIN: 208112164) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $677K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Merlin And Verna Manatt Family Foundation spend its money?
Merlin And Verna Manatt Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Merlin And Verna Manatt Family Foundation tax-deductible?
Merlin And Verna Manatt Family Foundation is registered as a tax-exempt nonprofit (EIN: 208112164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Merlin And Verna Manatt Family Foundation CEO make?
Merlin And Verna Manatt Family Foundation's highest-compensated officer earns $500,000. annually. The organization reported $677K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Merlin And Verna Manatt Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Merlin And Verna Manatt Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merlin And Verna Manatt Family Foundation located?
Merlin And Verna Manatt Family Foundation is headquartered in Grinnell, Iowa and files with the IRS under EIN 208112164. It is classified under NTEE code T22.
How many years of IRS 990 filings does Merlin And Verna Manatt Family Foundation have?
Merlin And Verna Manatt Family Foundation has 8 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 $677K in total revenue.
What are the primary types of grants or programs the foundation supports?
Based on the NTEE code T22 (Private Grantmaking Foundations), the foundation primarily engages in grantmaking, but the specific beneficiaries or program areas are not detailed in the provided financial summary.
How does the foundation manage its assets to ensure long-term sustainability?
The foundation consistently holds a significant asset base (e.g., $582,675 in 2021), which suggests an endowment or investment strategy to support its grantmaking activities over time, especially given periods where expenses exceed revenue.
What is the typical annual grant distribution amount?
While total expenses are provided (e.g., $78,352 in 2021), the specific breakdown of these expenses into grants versus administrative costs is not available in the summary data.
Filing History
IRS 990 filing history for Merlin And Verna Manatt Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Merlin And Verna Manatt Family Foundation's revenue has declined by 21.6%, moving from $132K to $103K. Total assets increased by 3.1% over the same period, from $565K to $583K. Total functional expenses rose by 78.8%, from $44K to $78K. In its most recent filing year (2021), Merlin And Verna Manatt Family Foundation reported a surplus of $25K, with revenue exceeding expenses. The organization holds $1 in liabilities against $583K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $583K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $103K | $78K | $583K | $1 | — | View 990 |
| 2020 | $16K | $61K | $558K | $1 | — | — |
| 2019 | $27K | $62K | $603K | $1 | — | — |
| 2015 | $44K | $52K | $678K | $0 | — | View 990 |
| 2014 | $122K | $55K | $687K | $0 | — | View 990 |
| 2013 | $17K | $40K | $620K | $0 | — | View 990 |
| 2012 | $129K | $52K | $643K | $0 | — | View 990 |
| 2011 | $132K | $44K | $565K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $103K, expenses of $78K, and assets of $583K (revenue +554.4% year-over-year).
- 2020: Revenue of $16K, expenses of $61K, and assets of $558K (revenue -41.6% year-over-year).
- 2019: Revenue of $27K, expenses of $62K, and assets of $603K (revenue -38.2% year-over-year).
- 2015: Revenue of $44K, expenses of $52K, and assets of $678K (revenue -64.0% year-over-year).
- 2014: Revenue of $122K, expenses of $55K, and assets of $687K (revenue +620.5% year-over-year).
- 2013: Revenue of $17K, expenses of $40K, and assets of $620K (revenue -86.9% year-over-year).
- 2012: Revenue of $129K, expenses of $52K, and assets of $643K (revenue -2.4% year-over-year).
- 2011: Revenue of $132K, expenses of $44K, and assets of $565K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merlin And Verna Manatt Family Foundation:
Data Sources and Methodology
This transparency report for Merlin And Verna Manatt 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.