Mercy Connections Inc
- Assets
- $2.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Burlington, VT
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 03-0369962
Organization Overview
Mercy Connections Inc is located in Burlington, VT. The organization was established in 1946. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Mercy Connections Inc employed 16 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Connections Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Mercy Connections Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCY CONNECTIONS' MISSION IS TO PROMOTE SELF-SUFFICIENCY BY EMPOWERING PEOPLE TO MAKE SIGNIFICANT LIFE CHANGES THROUGH EDUCATION, MENTORING, ENTREPRENEURSHIP, AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY CONNECTIONS EXISTS AS A DIRECT RESULT OF THE 75-YEAR HISTORY OF TRINITY COLLEGE AND THE SISTERS OF MERCY, WHEN THEY CLOSED THE COLLEGE IN 2000. IT BEGAN IN 2001 TO PRESERVE THE SOCIAL JUSTICE MISSION OF TRINITY COLLEGE AND INCREASE ACCESS TO EDUCATIONAL RESOURCES FOR THE MOST UNDERSERVED POPULATIONS OF VERMONT. MERCY CONNECTIONS' MISSION IS TO EMPOWER PEOPLE TO MAKE SIGNIFICANT LIFE CHANGES THROUGH EDUCATION, MENTORING, ENTREPRENEURSHIP AND COMMUNITY. MERCY CONNECTIONS OPERATES THREE WELL-ESTABLISHED, ROBUST PROGRAM AREAS, WHICH SERVE 400 PEOPLE ANNUALLY. THESE INCLUDE: THE WOMEN'S SMALL BUSINESS PROGRAM (WSBP) IS A TRAILBLAZER AND LEADER IN PREPARING ENTREPRENEURS TO LAUNCH AND OPERATE THEIR OWN BUSINESSES. THE JUSTICE AND MENTORING PROGRAM (J&M) MATCHES TRAINED WOMEN VOLUNTEERS (MENTORS) WITH WOMEN INVOLVED IN THE CORRECTIONS SYSTEM (MENTEES) AND PROVIDES RESOURCES, SUPPORT AND SOCIAL CAPITAL TO WOMEN TRYING TO RECLAIM THEIR LIVES AFTER INCARCERATION. EDUCATION & TRANSITION PROGRAMS (E&T) OFFERS A PORTFOLIO OF IN-DEPTH EDUCATION CLASSES, TUTORING, SUPPORT GROUPS AND A WEEKLY COMMUNITY LUNCH FOR PEOPLE SEEKING A SAFE, WELCOMING PLACE TO WORK ON THEIR GOALS, SENSE OF PURPOSE, AND POSSIBLY MOST IMPORTANTLY, BUILD CONNECTIONS WITH OTHERS. THESE PROGRAMS ARE SUPPORTED WITH EVIDENCE-BASED, ADULT EDUCATION AND SOCIAL JUSTICE PRACTICES THAT MEET PEOPLE WHERE THEY ARE AND EMPOWER THEM TO MOVE FORWARD. WE WELCOME PEOPLE WHO ARE MARGINALIZED AND OFTEN ISOLATED AND ADHERE TO THE PREMISE THAT EVERY PERSON, REGARDLESS OF LIFE CIRCUMSTANCES, DESERVES DIGNITY, COMPASSION AND THE OPPORTUNITY TO PURSUE PERSONAL ASPIRATIONS WITHIN A SUPPORTIVE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Falcone Executive Di | Officer | 40 | $84,450 |
Mary Sullivan Chair | OfficerTrustee | 2 | $0 |
Scott Boardman Trustee | Trustee | 2 | $0 |
Fran Briand Trustee | Trustee | 2 | $0 |
Sr Lindora Cabral Trustee | Trustee | 2 | $0 |
Matt Daly Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,026 |
| Related organizations | $0 |
| Government grants | $172,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,252,562 |
| Noncash contributions included in lines 1a–1f | $1,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,963 |
| Total Program Service Revenue | $60,633 |
| Investment income | $24,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,543 |
| Net Income from Fundraising Events | $97,818 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,630,940 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,464 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,040 |
| Compensation of current officers, directors, key employees. | $18,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,783 |
| Pension plan accruals and contributions | $17,579 |
| Other employee benefits | $112,005 |
| Payroll taxes | $50,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,451 |
| Fees for services: Other | $16,168 |
| Advertising and promotion | $7,340 |
| Office expenses | $18,626 |
| Information technology | $21,448 |
| Royalties | $0 |
| Occupancy | $63,883 |
| Travel | $1,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,426 |
| Insurance | $1,025 |
| All other expenses | $0 |
| Total functional expenses | $1,064,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,270 |
| Savings and temporary cash investments | $676,444 |
| Pledges and grants receivable | $380,569 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,701 |
| Net Land, buildings, and equipment | $75,190 |
| Investments—publicly traded securities | $776,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,619 |
| Other assets | $0 |
| Total assets | $1,957,399 |
| Accounts payable and accrued expenses | $24,314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,818 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,132 |
| Net assets without donor restrictions | $772,866 |
| Net assets with donor restrictions | $1,153,401 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,957,399 |