Nonprofit · EIN 36-4156727
MERIT FOUNDATION
Tax-exempt · MT PROSPECT, IL 60056
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $232,354 | $116,115 | $116,239 | $1,482,881 | $1,085 | $1,481,796 |
| December 31, 2024 | 990-PF (amended) | $231,097 | $106,517 | $124,580 | $1,416,710 | $736 | $1,415,974 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $97,376
- Dividends
- $40,120
- Interest
- $19
- Net gain from sales of assets
- $94,839
Expenses
- Grants and similar amounts paid
- $59,200
- Compensation of officers, directors and key employees
- $3,000
- Disbursements for charitable purposes
- $89,895
- Excise tax on investment income
- $1,553
Balance sheet and other
- Total assets, start of year
- $1,416,710
- Total assets, end of year
- $1,482,881
- Total liabilities, end of year
- $1,085
- Net assets, end of year
- $1,481,796
- Fair market value of assets
- $2,021,949
- Qualifying distributions
- $89,895
- Net investment income
- $134,978
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBECCA JOHNSON 1N155 CYPRESS LANE, WINFIELD, IL 60190 | DIRECTOR | 1 | $300 |
| LAUREN B CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | DIRECTOR | 1 | $300 |
| STEPHEN FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | DIRECTOR | 1 | $300 |
| ANDREW FRUCHT 75 E LAKE ST APT 3102, CHICAGO, IL 60601 | DIRECTOR | 1 | $300 |
| ANNEMARIE JOHNSON 5712 DARTMOOR DRIVE, MADISON, WI 53711 | DIRECTOR | 1 | $300 |
| JAMES FRUCHT 306 GOLD ST APT 18A, BROOKLYN, NY 11201 | DIRECTOR | 1 | $300 |
| KATHERINE FRUCHT 5065 LIKINI ST APT C218, HONOLULU, HI 96818 | DIRECTOR | 1 | $300 |
| NATHANIEL FRUCHT 665 WASHINGTON ST UNIT 2011, BOSTON, MA 02111 | DIRECTOR | 1 | $300 |
| ANNA FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | DIRECTOR | 1 | $300 |
| EMMA CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | DIRECTOR | 1 | $300 |
| BRENDA FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | TREASURER | 1 | $0 |
| MICHAEL FRUCHT 5712 DARTMOOR DRIVE, MADISON, WI 53711 | PRESIDENT | 1 | $0 |
| MARK FRUCHT 5019 BURKE DRIVE, ALEXANDRIA, VA 22309 | DIRECTOR | 1 | $0 |
| VIVIAN JOHNSON 1N155 CYPRESS LANE, WINFIELD, IL 60190 | JUNIOR DIRECTOR | 1 | $0 |
| ADAM FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | JUNIOR DIRECTOR | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | JUNIOR DIRECTOR | 1 | $0 |
| BRIAN CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | SECRETARY | 1 | $0 |
| MITCHELL JOHNSON 1N155 CYPRESS LANE, WINFIELD, IL 60190 | JUNIOR DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBECCA JOHNSON 1N155 CYPRESS LANE, WINFIELD, IL 60190 | DIRECTOR | 1 | $300 |
| LAUREN B CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | DIRECTOR | 1 | $300 |
| STEPHEN FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | DIRECTOR | 1 | $300 |
| ANDREW FRUCHT 75 E LAKE ST APT 3102, CHICAGO, IL 60601 | DIRECTOR | 1 | $300 |
| ANNEMARIE JOHNSON 944B EAGLE HTS, MADISON, WI 53705 | DIRECTOR | 1 | $300 |
| JAMES FRUCHT 306 GOLD ST APT 18A, BROOKLYN, NY 11201 | DIRECTOR | 1 | $300 |
| KATHERINE FRUCHT 1111 RUSK ST APT 1319, HOUSTON, TX 77002 | DIRECTOR | 1 | $300 |
| NATHANIEL FRUCHT 665 WASHINGTON ST UNIT 2011, BOSTON, MA 02111 | DIRECTOR | 1 | $300 |
| MARK FRUCHT 5019 BURKE DRIVE, ALEXANDRIA, VA 22309 | DIRECTOR | 1 | $300 |
| ANNA FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | DIRECTOR | 1 | $300 |
| BRENDA FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | TREASURER | 1 | $0 |
| MICHAEL FRUCHT 5712 DARTMOOR DRIVE, MADISON, WI 53711 | PRESIDENT | 1 | $0 |
| EMMA CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | DIRECTOR | 1 | $0 |
| VIVIAN JOHNSON 1N155 CYPRESS LANE, WINFIELD, IL 60190 | JUNIOR DIRECTOR | 1 | $0 |
| ADAM FRUCHT 689 DRUMHELLER CT, CLEMMONS, NC 27012 | JUNIOR DIRECTOR | 1 | $0 |
| ELIZABETH CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | JUNIOR DIRECTOR | 1 | $0 |
| BRIAN CANTONI 735 E WINDMERE DRIVE, PHOENIX, AZ 85048 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 15 S PINE ST APT 404, MT PROSPECT, IL 60056-3146
- In care of
- % JOSEPH A ZARLENGO
- Signed the 990-PF
- MICHAEL FRUCHT, PRESIDENT
- Phone
- (336) 345-7535
- Return prepared by
- WEISS & COMPANY LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 36-4156727
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $1,482,881
- Income (IRS master file)
- $564,268
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | – | – | – | IRS |
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $118,858 | $91,077 | $1,389,606 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MERIT FOUNDATION
- What is the EIN of MERIT FOUNDATION?
- The employer identification number (EIN) of MERIT FOUNDATION is 36-4156727.
- Is MERIT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to MERIT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MERIT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MERIT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERIT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MERIT FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 18 people; 10 received compensation from the organization, the highest $300 (REBECCA JOHNSON, DIRECTOR).
- How much revenue does MERIT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $232,354, expenses of $116,115 and total assets of $1,482,881 at year end.
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