Mercy Chefs Inc
- Assets
- $11.2m
- Revenue
- $19.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Portsmouth, VA
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-5050449
Organization Overview
Mercy Chefs Inc is located in Portsmouth, VA. The organization was established in 2006. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Mercy Chefs Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Chefs 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 12/2022, Mercy Chefs Inc generated $19.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 45.5% each year . All expenses for the organization totaled $12.9m during the year ending 12/2022. While expenses have increased by 39.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS TO INDIVIDUALS DURING LOCAL, STATE, AND NATIONAL DISASTERS AND EMERGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEALS TO INDIVIDUALS DURING LOCAL, STATE, AND NATIONAL DISASTERS AND EMERGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Leblanc President/co | Officer | 60 | $167,050 |
R Gary Leblanc Founder/ceo | OfficerTrustee | 60 | $165,650 |
Richard Baker Board Member | Trustee | 2 | $0 |
Jim Boyd Eqs Board Member | Trustee | 2 | $0 |
Rev Kevin Turpin Board Member | Trustee | 2 | $0 |
Janet Young Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,220,877 |
| Noncash contributions included in lines 1a–1f | $1,544,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,220,877 |
| Total Program Service Revenue | $0 |
| Investment income | $9,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,246,275 |
| 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. | $852,255 |
| Compensation of current officers, directors, key employees. | $171,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,671,708 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $280,685 |
| Payroll taxes | $205,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,590 |
| Fees for services: Accounting | $45,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,154,826 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $248,196 |
| Office expenses | $75,271 |
| Information technology | $4,124 |
| Royalties | $0 |
| Occupancy | $118,835 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378,311 |
| Insurance | $115,067 |
| All other expenses | $388,728 |
| Total functional expenses | $12,884,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,125,824 |
| Savings and temporary cash investments | $4,508,795 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,607 |
| 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 | $13,086 |
| Net Land, buildings, and equipment | $3,302,745 |
| Investments—publicly traded securities | $6,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $222,969 |
| Total assets | $11,201,637 |
| Accounts payable and accrued expenses | $238,974 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $680,364 |
| Total liabilities | $919,338 |
| Net assets without donor restrictions | $10,282,299 |
| Net assets with donor restrictions | $0 |
| 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 | $11,201,637 |