Mercy Foundation Inc
- Assets
- $1.1m
- Revenue
- $289.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Florence, KY
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 32-0013422
Organization Overview
Mercy Foundation Inc is located in Florence, KY. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Mercy Foundation Inc generated $289.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $292.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mercy Foundation Inc has awarded 81 individual grants totaling $2,445,014. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kheder Kutmuh Director | 1 | $0 | |
Mohamed Zineddin Director | 1 | $0 | |
Rula Abdulrazzak Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $207,548 |
| Interest on Savings | $41 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,080 |
| Capital Gain Net Income | $37,080 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,000 |
| Total Revenue | $289,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,162 |
| Depreciation | $9,631 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $46,035 |
| Total operating and administrative expenses | $61,278 |
| Contributions, gifts, grants paid | $231,500 |
| Total expenses and disbursements | $292,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $749,153 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $369,174 |
| Other assets | $5,900 |
| Total assets | $1,125,227 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mercy Foundation Inc has awarded $231,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SWASIA PURPOSE: HUMANITARIAN | $90,000 |
BALSAM PROJECT PURPOSE: HUMANTARIAN | $56,500 |
HOPE FOR RELEIF AND DEVELOPMENT PURPOSE: HUMANITARIAN | $40,000 |
ALNUR MOSQUE PURPOSE: RELIGIOUS | $30,000 |
Swartz Creek, MI PURPOSE: RELIGIOUS | $10,000 |
Bridgeview, IL PURPOSE: HUMANITARIAN | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |