The Paul & Elisabeth Merage Family Foundation

Newport Beach, CA
Tax-exempt since April 2003
EIN: 68-0529692

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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

$1.86M (2023)

Expenses

$2.05M (2023)

Total Assets

$44.5M (2023)

Total Liabilities

$1.96M (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Revenue

$1,861,387

Expenses

$2,052,349

Net Income

-$190,962

Net Assets

$42,494,670

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,912	0.1%
Sales of Assets	$1,859,395	99.9%
Other Income	$80	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,047,186	99.7%
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	$44,450,281
Total Liabilities	$1,955,611
Net Assets	$42,494,670

Compensation

Key Employees and Officers	Compensation	Other
Michelle Merage (Pres/Director)	$0	$0
Elisabeth Merage (Director)	$0	$0
Paul Merage (Chairman Of The Board)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

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Schedules ▼

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Fiscal Year Ending Dec.
2022

Revenue

$5,842

Expenses

$2,269,484

Net Income

-$2,263,642

Net Assets

$30,478,131

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,869	> 100%
Sales of Assets	-$27
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,139,315	94.3%
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	$30,478,231
Total Liabilities	$100
Net Assets	$30,478,131

Compensation

Key Employees and Officers	Compensation	Other
Michelle Merage (Pres/Director)	$0	$0
Elisabeth Merage (Director)	$0	$0
Paul Merage (Chairman Of The Board)	$0	$0

990-PF

Filed on Nov. 14, 2023

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

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$1,894,023

Expenses

$2,141,153

Net Income

-$247,130

Net Assets

$43,224,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$128	0.0%
Sales of Assets	$1,893,895	100.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,137,556	99.8%
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	$43,224,484
Total Liabilities	$16
Net Assets	$43,224,468

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 15, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$741,002

Expenses

$2,036,269

Net Income

-$1,295,267

Net Assets

$44,392,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$572	0.1%
Sales of Assets	$740,430	99.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,982,939	97.4%
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	$44,395,204
Total Liabilities	$2,704
Net Assets	$44,392,500

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 10, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$1,546,303

Expenses

$2,023,330

Net Income

-$477,027

Net Assets

$45,871,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,930	0.3%
Sales of Assets	$1,541,295	99.7%
Other Income	$78	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,001,426	98.9%
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	$45,872,459
Total Liabilities	$540
Net Assets	$45,871,919

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 16, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$351,990

Expenses

$1,951,579

Net Income

-$1,599,589

Net Assets

$36,237,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,316	1.2%
Sales of Assets	$347,674	98.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,912,054	98.0%
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	$36,242,404
Total Liabilities	$5,013
Net Assets	$36,237,391

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 14, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$2,993,912

Expenses

$1,935,485

Net Income

$1,058,427

Net Assets

$38,152,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,723	0.1%
Sales of Assets	$2,991,189	99.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,928,154	99.6%
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	$38,214,460
Total Liabilities	$61,500
Net Assets	$38,152,960

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 15, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$245,810

Expenses

$1,891,296

Net Income

-$1,645,486

Net Assets

$39,682,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33	0.0%
Dividends	$76,051	30.9%
Sales of Assets	$169,726	69.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,878,001	99.3%
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	$39,683,171
Total Liabilities	$321
Net Assets	$39,682,850

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Sept. 14, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$197,804

Expenses

$1,770,656

Net Income

-$1,572,852

Net Assets

$38,153,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18	0.0%
Dividends	$111,409	56.3%
Sales of Assets	$86,376	43.7%
Other Income	$1	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,752,623	99.0%
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	$38,154,000
Total Liabilities	$105
Net Assets	$38,153,895

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 4, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$137,778

Expenses

$1,501,936

Net Income

-$1,364,158

Net Assets

$37,253,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$70,462	51.1%
Sales of Assets	$67,308	48.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,445,742	96.3%
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	$37,255,068
Total Liabilities	$1,192
Net Assets	$37,253,876

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 11, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$2,170,568

Expenses

$1,686,658

Net Income

$483,910

Net Assets

$34,938,410

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$99	0.0%
Dividends	$59,469	2.7%
Sales of Assets	$2,055,144	94.7%
Other Income	$55,856	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,606,576	95.3%
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	$34,938,575
Total Liabilities	$165
Net Assets	$34,938,410

Compensation

Key Employees and Officers	Compensation	Other
Paul Merage (Pres/Director)	$0	$0
Elisabeth Merage (Sec/Treas/Dir)	$0	$0

990-PF

Filed on Nov. 6, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$2,916,047

Expenses

$1,750,417

Net Income

$1,165,630

Net Assets

$32,498,580

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$152	0.0%
Dividends	$190,012	6.5%
Sales of Assets	$1,145,674	39.3%
Other Income	$1,580,209	54.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,633,937	93.3%
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	$32,499,423
Total Liabilities	$843
Net Assets	$32,498,580

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2011

Revenue

$941,995

Expenses

$1,588,519

Net Income

-$646,524

Net Assets

$31,332,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,127	0.4%
Dividends	$490,622	52.1%
Sales of Assets	$360,227	38.2%
Other Income	$87,019	9.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,501,162	94.5%
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	$31,333,288
Total Liabilities	$338
Net Assets	$31,332,950

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

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The Paul & Elisabeth Merage Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.86M (2023)

Expenses $2.05M (2023)

Total Assets $44.5M (2023)

Total Liabilities $1.96M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.86M (2023)

Expenses

$2.05M (2023)

Total Assets

$44.5M (2023)

Total Liabilities

$1.96M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002