MERRIMANS CULINARY SCHOLARSHIP

EIN: 990341857 501(c)(3) Education

Kamuela, HI

Total Revenue
$591,555
Total Expenses
$589,671
Total Assets
$5,059
Net Assets
$5,059
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
HI
Principal Officer
Peter Merriman
Phone
8088856822
Tax Period
2023-01-01 to 2023-12-31

MERRIMANS CULINARY SCHOLARSHIP, founded in 1999, is a small nonprofit in the Education sector that reported $592K in total revenue in fiscal year 2023. Revenue surged 23562% from the prior year, signaling strong growth momentum.

Mission

To provide scholarships to students entering or continuing in the field of Culinary Arts in Hawaii.

Program Service Accomplishments

Program 1
Expenses: $544,690 Revenue: $551,555

After the August 8, 2023 Maui wildfires, the organization provided financial support for the feeding efforts conducted by Merriman's Restaurant in Kapalua and Monkeypod Kitchen in Ka'anapali. In...

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After the August 8, 2023 Maui wildfires, the organization provided financial support for the feeding efforts conducted by Merriman's Restaurant in Kapalua and Monkeypod Kitchen in Ka'anapali. In total, this joint effort provided over 67,000 free lunch meals to those impacted by the Maui wildfires from 8/10/2023 - 11/10/2023. The meals were available at Merriman's Kapalua during first 30 days after the fire. Since cell and internet service were down during that time, the organization also provided west side residents with internet access through Starlink. From 9/8/23 - 10/6/23, meals were available for pickup at the Whaler's Village roundabout in Kaanapali as well as the end of the driveway at Merriman's. From 8/12/23 - 11/6/23, nearly 38,000 meals were delivered to those who were unable to leave their homes, first responders, volunteers and community hubs.

Program 2
Expenses: $38,000 Revenue: $40,000

The organization provided scholarships to two students attending the culinary program at Hawaii Community College and to 17 culinary students at UH Maui College, including 15 students who were...

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The organization provided scholarships to two students attending the culinary program at Hawaii Community College and to 17 culinary students at UH Maui College, including 15 students who were directly impacted by the Maui wildfires.

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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 $591,555
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $591,555

Expense Breakdown

Grants Paid $38,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $582,690
Other Expenses $551,671
TOTAL EXPENSES $589,671

Year-over-Year Comparison

2023 2022 Change
Revenue $591,555 $2,500 +235.6%
Expenses $589,671 $6,963 +83.7%
Net Income $1,884 $-4,463 -1.4%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
100

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Merriman President 1
Officer Director
$0 $0 $0
Sara Hill Director 1
Director
$0 $0 $0
Cristina Schenk Treasurer & Secretary 1
Officer
$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
2023 $591,555 $589,671 $5,059 $1,884
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