Nonprofit · EIN 23-7098688
MERITER FOUNDATION INC
Tax-exempt · MADISON, WI 53715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,564,063 | $2,138,701 | $4,425,362 | $29,497,791 | $2,433,442 | $27,064,349 |
| December 31, 2023 | 990 | $3,471,043 | $3,207,715 | $263,328 | $24,807,653 | $1,760,628 | $23,047,025 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,617,423
- of which government grants
- $855,352
- Program service revenue
- $873,219
- Investment income
- $2,081,483
- Net gain from sales of assets
- $525,483
- Other revenue
- -$8,062
Expenses
- Grants and similar amounts paid
- $330,176
- Compensation of officers, directors and key employees
- $294,928
- Other salaries and wages
- $540,505
- Salaries, compensation and benefits (total)
- $1,011,502
- Professional fundraising fees
- $0
- Occupancy
- $46,827
- Travel
- $23,314
- Program services (functional)
- $430,497
- Management and general (functional)
- $763,583
- Fundraising (functional)
- $944,621
Balance sheet and other
- Total assets, start of year
- $24,807,653
- Total assets, end of year
- $29,497,791
- Total liabilities, end of year
- $2,433,442
- Net assets, end of year
- $27,064,349
- Publicly traded securities
- $25,993,523
- Net assets without donor restrictions
- $12,573,601
- Net assets with donor restrictions
- $14,490,748
- Gross receipts
- $20,934,912
- Employees
- 7
- Volunteers
- 27
- Year formed
- 1970
- State of legal domicile
- WI
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES ARNETT | BOARD MEMBER & MARKET PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $616,026 | $91,886 |
| PAM WETZEL MD | BOARD MEMBER & MARKET CMO Trustee or director | 1 | $0 | $627,345 | $38,015 |
| BETH ERDMAN | MARKET CFO Officer | 1 | $0 | $506,881 | $52,549 |
| SHERRY CASALI | BOARD MEMBER & MARKET CNO Trustee or director, Officer | 1 | $0 | $448,831 | $63,663 |
| KATIE SCHMITT MD | BOARD MEMBER Trustee or director | 1 | $0 | $453,174 | $54,514 |
| SUE ERICKSON TO 622 | FORMER CEO UPH MERITER Former | 0 | $0 | $390,202 | $11,972 |
| REBECCA MADSON | PRESIDENT, FOUNDATION Trustee or director, Officer | 50 | $250,849 | $0 | $44,078 |
| BRIANNA YANKE | SR DIRECTOR DEVELOPMENT Highest-paid employee | 45 | $126,827 | $0 | $10,799 |
| LISA URBAN | DIR PHILANTHROPY - GRANTS & PROGRAMS Highest-paid employee | 45 | $102,613 | $0 | $15,019 |
| BOBBY ADAMOV | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY BECKMANN TO 524 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HOLLY CREMER BERKENSTADT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARY CULLEN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BALTAZAR DE ANDA SANTANA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENA FRISCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VIRGINIA GRAVES | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS KEENEY | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY LEVY | BOARD MEMBER Trustee or director | 1 | $0 |
| CHAS MARTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| TINA NOEL | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE OLSON DNP | BOARD MEMBER Trustee or director | 1 | $0 |
| CESAR PINZON | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH PRILLER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN SIMS | BOARD MEMBER Trustee or director | 1 | $0 |
| TONY SULLIVAN | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MATT VANDERLOO | BOARD TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUE ERICKSON TO 622 | FORMER CEO UPH-MERITER Former | 0 | $0 | $1,825,397 | $144,038 |
| JAMES ARNETT | PRESIDENT & CEO UPH-MERITER Trustee or director, Officer | 1 | $0 | $742,672 | $96,577 |
| PAM WETZEL MD | CHIEF MED OFFICER UPH-MERITER Trustee or director | 1 | $0 | $610,383 | $35,992 |
| KATIE SCHMITT MD | BOARD MEMBER Trustee or director | 1 | $0 | $439,923 | $51,373 |
| BETH ERDMAN | CFO UPH-MERITER Officer | 1 | $0 | $427,113 | $48,661 |
| SHERRY CASALI | CNO UPH-MERITER Trustee or director | 1 | $0 | $396,653 | $61,766 |
| REBECCA MADSON | PRESIDENT, FOUNDATION Trustee or director, Officer | 50 | $244,955 | $0 | $41,693 |
| ART NIZZA DSW TO 118 | FORMER CEO UPH-MERITER Former | 0 | $0 | $156,611 | $0 |
| BRIANNA YANKE | SR DIRECTOR DEVELOPMENT Highest-paid employee | 45 | $116,666 | $0 | $10,327 |
| BOBBY ADAMOV | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TRICIA BRAUN TO 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HOLLY CREMER BERKENSTADT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DIEGO CAMPOVERDE CISNEROS TO 523 | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARY CULLEN | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GABE JAVIER TO 923 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY LEVY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHAS MARTIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MATT MESSINGER TO 523 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TINA NOEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN SIMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TONY SULLIVAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALIA STEVENSON TO 523 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MATT VANDERLOO | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MAI ZONG VUE TO 523 | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 S PARK ST, MADISON, WI 53715-1507
- Principal officer (990 for 2024)
- REBECCA MADSON, 202 SOUTH PARK STREET, MADISON, WI 537151596
- Signed the 990
- BETH ERDMAN, MARKET CFO
- Phone
- (608) 417-5800
Mission
MERITER FOUNDATION EXISTS TO RAISE AND MANAGE GIFTS IN SUPPORT OF THE PROGRAMS AND SERVICES THAT ADVANCE THE MISSION OF MERITER HOSPITAL, INC.
Program accomplishments
- MERITER FOUNDATION, INC. IS A NOT-FOR-PROFIT 501 (C)(3) CHARITABLE ORGANIZATION THAT RAISES, INVESTS, GRANTS AND STEWARDS GIFTS ON BEHALF OF MERITER HOSPITAL, INC. THOUSANDS OF INDIVIDUALS AND ORGANIZATIONS HAVE OFFERED CHARITABLE GIVING SUPPORT THAT HAS HELPED ADVANCE MERITER'S COMMITMENT TO THE HEALTHCARE NEEDS OF OUR COMMUNITY. SUCH GIFTS HAVE A POSITIVE AND POWERFUL IMPACT THAT SPANS GENERATIONS AND EXTENDS BEYOND THE DOORS OF MERITER HOSPITAL, INC. INTO THE HEART OF DANE COUNTY AND BEYOND. PHILANTHROPY PROVIDES A MARGIN OF EXCELLENCE THAT ALLOWS MERITER TO ACCOMPLISH PROJECTS AND IMPLEMENT PROGRAMS THAT MIGHT NOT OTHERWISE BE POSSIBLE. IN ADDITION TO RAISING MONEY FOR PROGRAMS AND CAPITAL PROJECTS, THE FOUNDATION GRANTS FUNDS FROM EXISTING ASSETS TO SELECT RESEARCH AND HEALTH EDUCATION INITIATIVES.Expenses $430,497 · grants $330,176 · revenue $865,157
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7098688
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $29,497,791
- Income (IRS master file)
- $20,934,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,564,063 | $2,138,701 | $29,497,791 | XML |
| 990 | December 2023 | $3,471,043 | $3,207,715 | $24,807,653 | XML |
| 990 | December 2022 | $5,684,080 | $2,541,048 | $29,127,476 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-7098688).
Questions about MERITER FOUNDATION INC
- What is the EIN of MERITER FOUNDATION INC?
- The employer identification number (EIN) of MERITER FOUNDATION INC is 23-7098688.
- Is MERITER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to MERITER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MERITER FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MERITER FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERITER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MERITER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names REBECCA MADSON.
- Who are the officers and directors of MERITER FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 3 received compensation from the organization.
- How much revenue does MERITER FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,564,063, expenses of $2,138,701 and total assets of $29,497,791 at year end.
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