Mercer Street Friends Center
- Assets
- $9.3m
- Revenue
- $9.5m
- Investments
- $2.9m
- Employees
- 123
- Location
- Trenton, NJ
- Founding
- 11/1960
- Data as of
- 06/2022
- EIN
- 21-0733990
Organization Overview
Mercer Street Friends Center is located in Trenton, NJ. The organization was established in 1960. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Mercer Street Friends Center employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercer Street Friends Center 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, Mercer Street Friends Center generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 7.1% 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
MERCER STREET FRIENDS IS A TRENTON-BASED NON-PROFIT ORGANIZATION FOUNDED IN 1958 BY THE SOCIETY OF FRIENDS (QUAKERS) TO ADDRESS THE NEEDS CREATED BY URBAN POVERTY. TODAY, WE SERVE MORE THAN 20,000 FAMILIES THROUGHOUT MERCER COUNTY WITH THE MISSION OF, "NOURISHING BODIES AND MINDS, EMPOWERING FAMILIES AND COMMUNITIES". REALIZING THE COMPLEXITY OF POVERTY AND THE DIVERSITY OF ITS IMPACT, OUR PROGRAMS HAVE TAKEN A DEVELOPMENTAL APPROACH AND TARGET DISPARITIES RELATED TO: EDUCATION, FOOD INSECURITY, PARENTAL AND FAMILY WELLNESS, YOUTH ENRICHMENT OPPORTUNITIES AND COMMUNITY-BUILDING CAPACITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCER STREET FRIENDS' PRESCHOOL SERVES 90 CHILDREN AGES THREE TO FIVE ANNUALLY DURING THE SCHOOL YEAR. OUR PROGRAM PREPARES STUDENTS WITH THE ACADEMIC AND SOCIAL/EMOTIONAL SKILLS NECESSARY FOR KINDERGARTEN SUCCESS.
YOUTH SERVICES AND OTHER.
THE MERCER STREET FRIENDS FOOD BANK IS HOME TO PROGRAMS THAT ADDRESS FOOD INSECURITY IN MERCER COUNTY. THROUGH PARTNERSHIPS WITH MEMBER AGENCIES, OVER THREE MILLION POUNDS OF FOOD IS DISTRIBUTED ANNUALLY.
PARENTING AND ADULT PROGRAMS AIM TO REDUCE INCIDENTS OF CHILD ABUSE AND NEGLECT. EVIDENCE-BASED PROGRAMS ARE IMPLEMENTED IN HOME VISITATION AND CENTER-BASED SERVICES. IN ADDITION, ADULTS RECEIVE INSTRUCTION TO PREPARE TO PASS THE HIGH SCHOOL EQUIVALENCY TEST AND TO ENTER OR RE-ENTER THE WORLD OF WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Blackwell Chair | OfficerTrustee | 2 | $0 |
Laura Bond Trustee | Trustee | 2 | $0 |
Michael Carter Trustee | Trustee | 2 | $0 |
Tara Butler Trustee | Trustee | 2 | $0 |
Corina Lewis Trustee | Trustee | 2 | $0 |
Jaap J Ketting Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Into Balance Accounting Outsourced Controller | 6/29/22 | $107,681 |
Ewing Property Llc Landlord | 6/29/22 | $227,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,755 |
| Related organizations | $0 |
| Government grants | $6,579,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,699,004 |
| Noncash contributions included in lines 1a–1f | $420,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,399,025 |
| Total Program Service Revenue | $4,000 |
| Investment income | $65,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,539 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,452,349 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,014,862 |
| Pension plan accruals and contributions | $33,631 |
| Other employee benefits | $526,119 |
| Payroll taxes | $240,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,651 |
| Fees for services: Accounting | $131,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407,566 |
| Advertising and promotion | $0 |
| Office expenses | $335,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $512,705 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,663 |
| Interest | $72,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,902 |
| Insurance | $110,850 |
| All other expenses | $53,778 |
| Total functional expenses | $8,454,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,498,871 |
| Savings and temporary cash investments | $5,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,220 |
| 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 | $852,001 |
| Net Land, buildings, and equipment | $926,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,855,644 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,166 |
| Total assets | $9,299,766 |
| Accounts payable and accrued expenses | $920,554 |
| Grants payable | $0 |
| Deferred revenue | $1,237,990 |
| 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 | $0 |
| Total liabilities | $2,158,544 |
| Net assets without donor restrictions | $3,672,910 |
| Net assets with donor restrictions | $3,468,312 |
| 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 | $9,299,766 |