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Merchants Industry Fund

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Donations to this organization are not tax deductible.

Details

According to its March 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$10.3M (2024)

Expenses
$10.5M (2024)

Total Assets
$1.04M (2024)

Total Liabilities
$548k (2024)

Source: Form 990 tax filings from 2012 to 2024

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 March
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,319,773
Expenses
$10,459,133
Net Income
-$139,360
Net Assets
$491,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,316,447
100.0%
Investment Income $3,326
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,039,910
Total Liabilities $548,055
Net Assets $491,855
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $0 $0 $0
Michael Brady (Director) $0 $0 $0
Carol L Doran (President) $0 $0 $0

Document Links

Fiscal Year Ending March
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,671,263
Expenses
$11,782,912
Net Income
-$111,649
Net Assets
$631,215
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,667,097
100.0%
Investment Income $4,166
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,333,056
Total Liabilities $701,841
Net Assets $631,215
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,500 $0 $0

Document Links

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,597,082
Expenses
$12,380,410
Net Income
$216,672
Net Assets
$2,016,724
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,543,065
99.6%
Investment Income $54,017
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,016,724
Total Liabilities $0
Net Assets $2,016,724
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,500 $0 $0

Document Links

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,790,292
Expenses
$13,991,292
Net Income
$799,000
Net Assets
$1,760,052
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,790,292
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,902,040
Total Liabilities $141,988
Net Assets $1,760,052
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,500 $0 $0

Document Links

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,540,569
Expenses
$15,061,469
Net Income
-$520,900
Net Assets
$479,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,540,569
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $513,638
Total Liabilities $33,881
Net Assets $479,757
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,500 $0 $0

Document Links

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,708,117
Expenses
$16,528,840
Net Income
$179,277
Net Assets
$1,000,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,708,117
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,000,657
Total Liabilities $0
Net Assets $1,000,657
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,500 $0 $0

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,141,324
Expenses
$12,839,267
Net Income
-$697,943
Net Assets
$821,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,732,959
96.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $408,365
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $821,380
Total Liabilities $0
Net Assets $821,380
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,779 $0 $0
Allen Bress (Officer) $0 $0 $0

Document Links

Fiscal Year Ending March
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,168,361
Expenses
$11,550,936
Net Income
$617,425
Net Assets
$3,377,420
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,006,917
98.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $161,444
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,377,420
Total Liabilities $0
Net Assets $3,377,420
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,775 $0 $0
Allen Bress (Officer) $0 $0 $0

Document Links

Fiscal Year Ending March
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,467,277
Expenses
$14,111,262
Net Income
$356,015
Net Assets
$2,759,995
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,467,277
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,759,995
Total Liabilities $0
Net Assets $2,759,995
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,732 $0 $0

Document Links

Fiscal Year Ending March
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,678,933
Expenses
$13,914,434
Net Income
$764,499
Net Assets
$2,403,980
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,678,933
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,403,980
Total Liabilities $0
Net Assets $2,403,980
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $2,424 $0 $0

Document Links

Fiscal Year Ending March
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,665,590
Expenses
$16,048,739
Net Income
$616,851
Net Assets
$1,639,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,665,590
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,641,755
Total Liabilities $2,274
Net Assets $1,639,481
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Premier Trust (Trustee) $1,639 $0 $0

Document Links

Fiscal Year Ending March
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,900,446
Expenses
$16,826,108
Net Income
$1,074,338
Net Assets
$1,022,630
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,900,446
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,452,630
Total Liabilities $430,000
Net Assets $1,022,630

Document Links

Fiscal Year Ending March
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,984,517
Expenses
$12,336,225
Net Income
$1,648,292
Net Assets
-$51,708
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,984,517
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,318,292
Total Liabilities $1,370,000
Net Assets -$51,708

Document Links

About This Data

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.

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