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Meritan Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620674655 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Meritan Inc?

Meritan Inc, a nonprofit organization based in Memphis, Tennessee, specializes in providing foster care homes for emotionally and physically fragile children and infants. Most of these children come from abusive backgrounds. Their Therapeutic Foster Care Program aims to offer safe, nurturing environments that help improve the overall well-being of these vulnerable children. With a mission to promote independence throughout various life stages, Meritan strives to provide quality care with compassion. Currently, the organization employs a team of 317 individuals dedicated to making a difference in the lives of these children.


Is Meritan Inc legitimate?

Meritan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meritan Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $710,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,938,926

For more financial information, click here


What is the mission statement of Meritan Inc?
Who is the CEO of Meritan Inc?
What is the revenue of Meritan Inc?
Who are the executives of Meritan Inc and what are their salaries?
Where can I find the form 990 for Meritan Inc?

Mission Statement of Meritan Inc

Meritan Inc, a dedicated nonprofit organization, strives to enhance the well-being and foster independence for individuals throughout various stages of life with compassion and quality. At the heart of Meritan's mission lies the provision of specialized foster care homes for emotionally and physically fragile children and infants, many of whom have come from abusive backgrounds.

Meritan's Therapeutic Foster Care Program is a crucial aspect of the organization, offering safe and nurturing environments for these vulnerable young ones. The program is designed to cater to the unique needs of these children, providing them with the necessary care and attention they deserve. Meritan's foster caregivers are dedicated to ensuring the emotional and physical well-being of their foster children, creating an atmosphere of love, security, and stability.

The ultimate goal of Meritan Inc is to help these children heal from their past traumas and develop the essential skills they need to live fulfilling, independent lives. By providing a supportive and compassionate environment, Meritan's foster care program aims to break the cycle of abuse and neglect, giving these children a chance to reach their full potential. Through its unwavering commitment and personalized approach, Meritan Inc continues to make a significant impact on the lives of emotionally and physically fragile children and infants, promoting their overall well-being and paving the way for a brighter future.

Impact

This information is meant to be a general summary of Meritan Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Meritan Inc's impact can be seen in its specialized foster care program, providing safe and nurturing homes for emotionally and physically fragile children and infants, many of whom come from abusive backgrounds. By improving the well-being and promoting independence throughout life's stages with quality and compassion, Meritan Inc is making a significant difference in the lives of vulnerable individuals in Memphis, TN. Their dedication to human services underscores their commitment to providing essential support and care to those in need.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $19,586
  • Program Service Revenue: $12,722,118
  • Gross Receipts: $18,510,739

    • Assets and Liabilities:
  • Total Assets: $5,573,292
  • Total Liabilities: $8,405,092
  • Net Assets: -$2,831,800
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FOSTER CARE

    Revenue

    $8,723,155

    OTHER FEE FOR SERVICE

    Revenue

    $2,215,925

    MEDICARE

    Revenue

    $1,783,038

    Organization Details

    Founding Year

    1961

    Principal Officer

    Melanie Keller

    Main Address

    345 ADAMS AVENUE, MEMPHIS, TN, 38103

    NTEE Category

    Code: P800 - Human services

    If you are a representative of Meritan Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.