JAMES MERRILL HOUSE FOUNDATION

EIN: 863632993 501(c)(3) Arts, Culture & Humanities

Stonington, CT

Total Revenue
$298,814
Total Expenses
$42,255
Total Assets
$1,742,868
Net Assets
$1,742,868
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
Gillian Ruth Saunders
Phone
8604156087
Tax Period
2023-04-01 to 2024-03-31

JAMES MERRILL HOUSE FOUNDATION, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 86% operating margin.

Mission

The James Merrill House Foundation is organized exclusively for charitable and educational purposes within the meaning of section 501(c)(3). The Corporation was formed to raise and receive money to establish, maintain and, as appropriate, expend funds from an endowment to further the legacy of James Merrill, one of America's great poets, to preserve the national historic landmark that was Merrill's residence at 107 Water Street, Stonington, Connecticut and its contents (the "James Merrill House") and to create and promote programs related to James Merrill and/or to the James Merrill House.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $276,532
Program Service Revenue $0
Investment Income $22,282
Other Revenue $0
TOTAL REVENUE $298,814

Expense Breakdown

Grants Paid $26,000
Salaries & Benefits $0
Fundraising Expenses $3,690
Program Expenses $38,334
Other Expenses $12,565
TOTAL EXPENSES $42,255

Year-over-Year Comparison

2023 2022 Change
Revenue $298,814 $229,164 +0.3%
Expenses $42,255 $11,043 +2.8%
Net Income $256,559 $218,121 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott W Muller Chairman 2
Officer Director
$0 $0 $0
Janet McClendon Vice Chair and Secretary 2
Officer Director
$0 $0 $0
G Ruth Saunders Treasurer 2
Officer Director
$0 $0 $0
Ted Beck Trustee 0.5
Director
$0 $0 $0
William Middleton Trustee 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $298,814 $42,255 $1,742,868 $256,559
2024 $624,556 $199,786 $2,223,044 $424,770
2023 $229,164 $11,043 $1,506,519 $218,121
2022 $1,384,690 $2,074 $1,349,424 $1,382,616
2022 $1,396,290 $2,074 $1,361,425 $1,394,216
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