Mother Of Mercy Foundation
- Assets
- $1.7m
- Revenue
- $106.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, MN
- Founding
- 06/2009
- Data as of
- 09/2022
- EIN
- 41-1992053
Organization Overview
Mother Of Mercy Foundation is located in Albany, MN. The organization was established in 2009. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mother Of Mercy Foundation 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 09/2022, Mother Of Mercy Foundation generated $106.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $142.1k during the year ending 09/2022. While expenses have increased by 5.0% 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
TO PROVIDE FUND-RAISING ACTIVITIES FOR THE BENEFIT OF MOTHER OF MERCY AND THEIR RESIDENTS AND TENANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION THROUGH PERIODIC "ASK" LETTERS/PERSONAL SOLICITATIONS TO POTENTIAL CONTRIBUTORS RECEIVED OVER 24,00 IN GENERAL UNRESTRICTED CONTRIBUTIONS DURING THE YEAR. THE FOUNDATION THROUGH PERIODIC PERSONAL/ GROUP CONTACT/ SOLICITATIONS TO POTENTIAL CONTRIBUTORS RECEIVED OVER 15,000 IN CONCERT/ WINE & DINE, AND OTHER NET RESTRICED CONTRIBUTIONS DURING THE YEAR. THE FOUNDATION THROUGH ITS GRANT WRITING PROPOSALS GENERATED 0 IN RESTICTED GRANT RECEIPTS DIRECTLY TO MOTHER OF MERCY FOR WHICH THE FOUNDATION'S MISSION IS TO SUPPORT. THE FOUNDATION RECEIVED A 15,000 BUSINESS AND NON-PROFIT RELIEF GRANT FROM STEARNS COUNTY AND 15,000 FROM THE CITY OF ALBANY FOR THE SMALL BUSINESS RELIEF PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Anderson Executive Di | Officer | 40 | $0 |
Paul Gaebe CEO | Officer | 2 | $0 |
Mark Douvier CFO | Officer | 2 | $0 |
Neil Fortier Director | Trustee | 0.3 | $0 |
Maria Hughs Director | Trustee | 0.3 | $0 |
Sheila Mitchell Secretary | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,997 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,342 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,339 |
| Total Program Service Revenue | $0 |
| Investment income | $9,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,545 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,844 |
| 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 | $69,464 |
| Pension plan accruals and contributions | $2,080 |
| Other employee benefits | $31,299 |
| Payroll taxes | $4,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $3,054 |
| Office expenses | $1,105 |
| Information technology | $3,554 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $469 |
| 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 | $3,405 |
| Insurance | $0 |
| All other expenses | $979 |
| Total functional expenses | $142,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,703,679 |
| Total assets | $1,749,178 |
| Accounts payable and accrued expenses | $28,231 |
| 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 | $0 |
| Total liabilities | $28,231 |
| Net assets without donor restrictions | $1,720,947 |
| 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 | $1,749,178 |