Royalty Trust

Janet Merritt Ttee

Medford, NJ
Tax-exempt since May 2006
EIN: 20-6770692

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$86.3k (2025)

Expenses

$90.2k (2025)

Total Assets

$335k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2025

Revenue

$86,278

Expenses

$90,210

Net Income

-$3,932

Net Assets

$334,889

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11	0.0%
Dividends	$14,010	16.2%
Sales of Assets	$72,257	83.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$70,000	77.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$334,889
Total Liabilities	$0
Net Assets	$334,889

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Feb. 9, 2026

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2024

Revenue

$84,539

Expenses

$94,617

Net Income

-$10,078

Net Assets

$334,867

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$75	0.1%
Dividends	$14,599	17.3%
Sales of Assets	$69,865	82.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$76,000	80.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$334,867
Total Liabilities	$0
Net Assets	$334,867

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Feb. 7, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$58,977

Expenses

$103,427

Net Income

-$44,450

Net Assets

$344,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$60	0.1%
Dividends	$14,289	24.2%
Sales of Assets	$44,628	75.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,100	82.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$344,945
Total Liabilities	$0
Net Assets	$344,945

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Feb. 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$77,461

Expenses

$94,706

Net Income

-$17,245

Net Assets

$389,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29	0.0%
Dividends	$14,971	19.3%
Sales of Assets	$62,461	80.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,000	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$389,395
Total Liabilities	$0
Net Assets	$389,395

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Feb. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2021

Revenue

$30,862

Expenses

$99,625

Net Income

-$68,763

Net Assets

$406,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$15,218	49.3%
Sales of Assets	$15,643	50.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,000	86.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$406,640
Total Liabilities	$0
Net Assets	$406,640

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Feb. 24, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2020

Revenue

$30,139

Expenses

$66,974

Net Income

-$36,835

Net Assets

$475,403

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$14,443	47.9%
Sales of Assets	$15,683	52.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,000	77.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$475,403
Total Liabilities	$0
Net Assets	$475,403

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Nov.
2019

Revenue

$12,978

Expenses

$67,470

Net Income

-$54,492

Net Assets

$512,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,531	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,000	78.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$512,238
Total Liabilities	$1
Net Assets	$512,237

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Feb. 25, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2018

Revenue

$35,472

Expenses

$75,900

Net Income

-$40,428

Net Assets

$566,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,628	46.9%
Sales of Assets	$18,844	53.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,000	80.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$566,730
Total Liabilities	$0
Net Assets	$566,730

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Jan. 23, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2017

Revenue

$72,554

Expenses

$72,653

Net Income

-$99

Net Assets

$607,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,496	21.4%
Sales of Assets	$57,058	78.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	82.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$607,158
Total Liabilities	$0
Net Assets	$607,158

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Merritt (Trustee)	$0	$0
Gregory J Merritt (Trustee)	$0	$0

990-PF

Filed on Jan. 31, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2016

Revenue

$31,449

Expenses

$78,305

Net Income

-$46,856

Net Assets

$607,257

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,509	52.5%
Sales of Assets	$14,940	47.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,000	83.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$607,257
Total Liabilities	$0
Net Assets	$607,257

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Jan. 30, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$24,009

Expenses

$50,124

Net Income

-$26,115

Net Assets

$654,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,348	84.8%
Sales of Assets	$3,661	15.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,000	79.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$654,113
Total Liabilities	$0
Net Assets	$654,113

Compensation

Key Employees and Officers	Compensation	Other
Janet Merritt (Trustee)	$0	$0
Andrea Chambers (Trustee)	$0	$0
Gregg Merritt (Trustee)	$0	$0

990-PF

Filed on Jan. 27, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2014

Revenue

$74,969

Expenses

$75,899

Net Income

-$930

Net Assets

$680,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,988	24.0%
Sales of Assets	$56,981	76.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,000	84.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$680,228
Total Liabilities	$0
Net Assets	$680,228

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$48,169

Expenses

$61,457

Net Income

-$13,288

Net Assets

$681,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$18,966	39.4%
Sales of Assets	$29,202	60.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	81.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$681,158
Total Liabilities	$0
Net Assets	$681,158

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2012

Revenue

$38,117

Expenses

$61,308

Net Income

-$23,191

Net Assets

$694,446

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$21,515	56.4%
Sales of Assets	$16,599	43.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	81.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$694,446
Total Liabilities	$0
Net Assets	$694,446

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$15,064

Expenses

$55,849

Net Income

-$40,785

Net Assets

$717,637

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$22,068	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,000	78.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$717,637
Total Liabilities	$0
Net Assets	$717,637

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated March 23, 2026

Royalty Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $86.3k (2025)

Expenses $90.2k (2025)

Total Assets $335k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Nov. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$86.3k (2025)

Expenses

$90.2k (2025)

Total Assets

$335k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Nov.
2025

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006