Mercy Center Incorporated
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Madison, CT
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 06-1307050
Organization Overview
Mercy Center Incorporated is located in Madison, CT. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Mercy Center Incorporated employed 30 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Center Incorporated 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 06/2023, Mercy Center Incorporated generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MERCY CENTER IS A RETREAT AND CONFERENCE CENTER THAT WELCOMES INDIVIDUALS AND GROUPS OF DIVERSE FAITHS AND BACKGROUNDS TO A PEACEFUL PLACE OF NATURAL BEAUTY FOR PERSONAL, SPIRITUAL AND PROFESSIONAL RENEWAL AND GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MERCY CENTER(MERCY BY THE SEA)PROVIDED 137 DAY PROGRAMS SERVING 3,076 GUESTS. TWELVE VIRTUAL PROGRAMS WERE SPONSORED SERVING 880 GUESTS FROM ALL AROUND THE WORLD. DIRECTED RETREATS (47), THEMED RETREATS (6) AND A 7-WEEK SABBATICAL PROGRAM WERE OFFERED FOR 958 INDIVIDUALS. PRIVATE OVERNIGHT RETREATS SERVED 161 INDIVIDUALS. 116 HOSTED OVERNIGHT GROUPS SERVED 1,281 GUESTS AND 76 HOSTED DAY GROUPS SERVED 1,973 GUESTS. MERCY BY THE SEA'S SIGNATURE SCHOOL FOR THE SECOND HALF OF LIFE IS NOW IN ITS 5TH COHORT AND HAS MORE THAN 100 GRADUATES. THE MARY C. DALY RSM ART GALLERY AT THE CENTER EXHIBITED THE WORKS OF 8 ARTISTS. THE CENTER HAS BEEN ABLE TO MAKE SCHOLARSHIP FUNDS AVAILABLE FOR THOSE NOT ABLE TO PAY THE FULL COST OF A RETREAT OR PROGRAM. THERE IS A FOCUSED EFFORT ON RESTORATION AND TENDING OF THE GROUNDS. STAFFING HAS INCREASED DUE TO MORE DEMAND AND FULLY REOPENING POST-COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sr Mary Mccarthy Former Ex. D | Trustee | 20 | $16,289 |
Rev George Couturier Board Member | Trustee | 3 | $0 |
Sister Anne Curtis Executive Di | Trustee | 20 | $0 |
Brett Dolan Board Member | Trustee | 3 | $0 |
Marybeth Federico Board Member | Trustee | 3 | $0 |
Lydia Forgetta-Sheffield Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $370,342 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,903 |
| Total Program Service Revenue | $1,047,233 |
| Investment income | $19,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,201 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,668,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,250 |
| Compensation of current officers, directors, key employees. | $28,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $579,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,368 |
| Payroll taxes | $40,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,763 |
| Advertising and promotion | $3,934 |
| Office expenses | $10,149 |
| Information technology | $45,976 |
| Royalties | $0 |
| Occupancy | $168,296 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,825 |
| Insurance | $80,827 |
| All other expenses | $48,724 |
| Total functional expenses | $1,557,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,179 |
| Savings and temporary cash investments | $1,303,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,104 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $85,349 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,410 |
| Total assets | $1,578,065 |
| Accounts payable and accrued expenses | $36,490 |
| Grants payable | $0 |
| Deferred revenue | $317,486 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $28,434 |
| Total liabilities | $382,410 |
| Net assets without donor restrictions | $1,123,741 |
| Net assets with donor restrictions | $71,914 |
| 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 | $1,578,065 |