Mother Of Mercy Foundation
- Assets
- $1.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, MN
- Founding
- 06/2009
- Data as of
- 09/2021
- 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 09/2021, Mother Of Mercy Foundation generated $1.6m in total revenue. All expenses for the organization totaled $169.5k during the year ending 09/2021. While expenses have increased by 9.0% per year over the past 6 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
2021
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 $24,000 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 RESTRICTED CONTRIBUTIONS DURING THE YEAR. THE FOUNDATION THROUGH ITS GRANT WRITING PROPOSALS GENERATED $0 IN RESTRICTED GRANT RECEIPTS DIRECTLY TO MOTHER OF MERCY FOR WHICH THE FOUNDATION'S MISSION IS TO SUPPORT. THE FOUNDATION RECEIVED A $15,000 BUSINESS & 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 |
|---|---|---|---|
Mary Adelman Chair (thru September) | OfficerTrustee | 0.3 | $0 |
Randy Rothstein Chair | OfficerTrustee | 0.3 | $0 |
Beth Thelen Vice Chair | OfficerTrustee | 0.3 | $0 |
Joyce Winter Treasurer | OfficerTrustee | 0.3 | $0 |
Maria Hughes Secretary | OfficerTrustee | 0.3 | $0 |
Paul Gaebe Administrator & CEO | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,637 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,545,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,602,601 |
| Total Program Service Revenue | $0 |
| Investment income | $2,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,622,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,696 |
| Grants and other assistance to domestic individuals. | $3,045 |
| 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 | $68,614 |
| Pension plan accruals and contributions | $2,067 |
| Other employee benefits | $46,309 |
| Payroll taxes | $5,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,721 |
| 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 | $894 |
| Office expenses | $2,749 |
| Information technology | $3,654 |
| 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 | $976 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,027 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $169,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7 |
| Savings and temporary cash investments | $246,050 |
| 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 | $2,187 |
| Net Land, buildings, and equipment | $10,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,542,752 |
| Total assets | $1,801,207 |
| Accounts payable and accrued expenses | $19,142 |
| 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 | $14,689 |
| Total liabilities | $33,831 |
| Net assets without donor restrictions | $267,376 |
| Net assets with donor restrictions | $1,500,000 |
| 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 | $1,801,207 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mother Of Mercy Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Albany Mutual Telephone Foundation Albany, MN PURPOSE: CPR TRAINING EQUIPMENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avivo Minneapolis, MN | $27,736,019 | $39,599,118 |
Dakota Boys And Girls Ranch Foundation Minot, ND | $51,874,796 | $23,890,596 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Planned Parenthood Minnesota North Dakota South Dakota Fund St Paul, MN | $74,688,900 | $2,513,382 |
Aitkin Health Services Aitkin, MN | $7,612,800 | $5,336,098 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Helena Bigos Supporting Foundation Golden Valley, MN | $13,151,840 | $1,923,598 |
Milwaukee Womens Center Inc Milwaukee, WI | $0 | $1,250,830 |
Tanager Place Endowment Foundation Cedar Rapids, IA | $20,247,180 | $1,974,530 |
Wlcfs Investment Corporation Germantown, WI | $9,391,936 | $847,841 |
Washburn Center for Children Holding Company Minneapolis, MN | $0 | $5,684,296 |
Minnesota Masonic Charities Funds Bloomington, MN | $189,733,075 | $15,966,548 |