Catherine Mcauley Mercy Foundation Inc
- Assets
- $23.3m
- Revenue
- $626.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 08/1970
- Data as of
- 09/2023
- EIN
- 23-7075024
Organization Overview
Catherine Mcauley Mercy Foundation Inc is located in Asheville, NC. The organization was established in 1970. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catherine Mcauley Mercy Foundation 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 09/2023, Catherine Mcauley Mercy Foundation Inc generated $626.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $477.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. 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
TO ASSIST THE FACILITIES AND SERVICES OF SISTERS OF MERCY URGENT CARE, INC., A NORTH CAROLINA NON-PROFIT CORPORATION, EIN # 56-1463611. ALSO FOR THE BENEFIT OF OTHER ORGANIZATIONS IDENTIFIED AND ASSOCIATED AND COOPERATING WITH SISTERS OF MERCY URGENT CARE, INC., WHICH ARE TAX EXEMPT ORGANIZATIONS UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2023, CATHERINE MCAULEY MERCY FOUNDATION (CMMF) PROVIDED $264 IN FUNDING TO SISTERS OF MERCY URGENT CARE (SOMUC) TO ASSIST WITH CAPITAL, INCLUDING UPDATING CLINICS. CMMF ALSO PROVIDED $6K OF SUPPORT TO SOMUC'S COMPASSIONATE CARE PROGRAM WHICH PROVIDES A SUBSIDY TO UNDER-SERVED AND/OR UNDER-INSURED PATIENTS AT OUR URGENT CARE CENTERS. SISTERS OF MERCY URGENT CARE (SOMUC), EXISTS TO PROVIDE AFFORDABLE QUALITY CARE TO ALL REGARDLESS OF SOMEONE'S ABILITY TO PAY.
CMMF PROVIDED OUTSIDE SUPPORT TO THE COUNCIL ON AGING (COA) BY CONTRIBUTING $11K TO HELP SUPPORT A PART TIME SERVICES COORDINATOR POSITION. THIS POSITION ASSISTS ELDERLY INDIVIDUALS IN THE FLETCHER AND FAIRVIEW AREAS WITHIN BUNCOMBE COUNTY. COA PROVIDES PERSONAL, CARING SUPPORT TO INDIVIDUALS 60 AND OVER CONNECTING THEM WITH THE COMMUNITY RESOURCES THEY NEED IN ORDER TO AGE SUCCESSFULLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Mccarty MD Medical Director | Officer | 1 | $0 |
Rachel Sossoman President And CEO | Officer | 1 | $0 |
Leah A Singleton CFO | Officer | 1 | $0 |
Grace Barnwell Np Provider | 1 | $0 | |
Aaron Styles Operations Director | 0 | $0 | |
Kathryn Mcgowen Provider | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,495 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,317 |
| Total Program Service Revenue | $0 |
| Investment income | $595,191 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $626,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $282,370 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,190 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $57,000 |
| Depreciation, depletion, and amortization | $113,640 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $477,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,206,181 |
| Investments—publicly traded securities | $19,666,937 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,322,782 |
| Accounts payable and accrued expenses | $42,631 |
| 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 | $321,939 |
| Total liabilities | $364,570 |
| Net assets without donor restrictions | $22,958,212 |
| 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 | $23,322,782 |
Grants Awarded
Over the last fiscal year, Catherine Mcauley Mercy Foundation Inc has awarded $433,516 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL ON AGING OF BUNCOMBE COUNTY PURPOSE: Staff Support to provide support to the Council on Aging's Mission: Promote the independence, dignity, and well-being of adults through service, education, and advocacy. | $31,350 |
ASHEVILLE BUNCOMBE COMMUNITY CHRISTIAN MINISTRY PURPOSE: To provide support to ABCCM's Medical Ministry Mission, which offers the only free clinic so the uninsured have access to medical care, dental care, and medicine. | $50,000 |
SISTERS OF MERCY URGENT CARE PURPOSE: Support to help maintain urgent care clinic facilities and IT infrastructure. | $352,166 |