Merit Foundation
Mt Prospect, IL. EIN 36-4156727. Reported $231,097 of revenue for 2024 on its Form 990-PF.
American Factbook Research
The IRS record
- MERIT FOUNDATION
- Registered name
- As the IRS records it, which is how it appears in their own search.
- 36-4156727
- Employer Identification Number
- The identifier the IRS uses for this organization.
- 501(c)(3) — charitable, religious, educational, scientific
- Recognised under
- The subsection of the code its exemption was granted under.
- 1998
- Recognised in
- The year of the IRS ruling.
- Group Z
- Classification
- NTEE code Z99Z, assigned at registration.
- Contributions are deductible
- Gifts to it
- Whether the IRS treats a contribution to this organization as deductible.
- Corporation
- Legal form
- How the organization is constituted, as recorded at registration.
- Mt Prospect, IL
- Location of record
- The address the IRS holds, not necessarily where it operates.
- Form 990-PF
- Most recent filing
- For tax year 2024, amended.
What it reported for 2024
- $231,097
- Total revenue
- Contributions, grants, program service revenue and investment income.
- $106,517
- Total expenses
- As reported on the return.
- $1,416,710
- Total assets, book value
- At the end of the year, at what the organization paid for them.
- $1,757,067
- Total assets, fair market value
- What they are worth now. Only a Form 990-PF reports this.
- 17
- People listed
- Officers, directors, trustees, key employees and highest-paid employees.
- $300
- Largest reported compensation
- Reported for ANDREW FRUCHT.
A private foundation reports its assets twice. Book value is what it paid for them; fair market value is what they are worth now, and it is usually the larger of the two. Rankings on this site use book value, because that is the only measure a Form 990 and a Form 990-EZ also report, which keeps a foundation comparable with the charities beside it.
Merit Foundation reported paying ANDREW FRUCHT, DIRECTOR, $300 for 2024. That is reportable compensation from the organization, from related organizations, and other compensation, as the organization reported all three. It is not a verified salary and not take-home pay.
This is an amended return: the organization corrected a filing it had already made. Sources still showing the original will disagree with these figures, and neither is a mistake.
Similar organizations
| Organization | Revenue |
|---|---|
| Ray Graham Association for People with Disabilities | $29,590,180 |
| Zakat Foundation of America | $29,498,054 |
| Beds Plus Inc | $14,258,074 |
| Covenant Ministries of Benevolence | $13,658,596 |
| Horizon House of Illinois Valley Inc | $10,700,480 |
| West Suburban Community Pantry Inc | $9,875,000 |
This organization elsewhere
- IRS Tax Exempt Organization Search — the exemption record this page is built from. Search for EIN 36-4156727; the IRS search has no address that opens one organization directly.
- ProPublica Nonprofit Explorer — the same filings with scanned returns going back further. Reporting by ProPublica.
More in Illinois and under Group Z. All organizations: nonprofits.
What this page cannot show
- Everything here is what the organization told the IRS about itself. The IRS publishes returns as filed and does not audit them first.
- The figures describe the most recent year on record, which is usually one to two years behind, and not the organization’s current position.
- Nothing here says whether the organization does its work well, or how it spends what it raises beyond the totals on the form.
Something wrong? Tell us. Full method at methodology.
Sources
- Exempt Organizations Business Master File — Internal Revenue Service · Public domain — U.S. Government work · retrieved September 21, 2026
- Form 990 series e-file data · retrieved September 19, 2026
Data retrieved