Mercy Street Inc
- Assets
- $11.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 61
- Location
- Dallas, TX
- Founding
- 06/2008
- Data as of
- 08/2021
- EIN
- 45-0536344
Organization Overview
Mercy Street Inc, operating under the name Mercy Street Ministries, is located in Dallas, TX. The organization was established in 2008. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2021, Mercy Street Ministries employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Street Ministries 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 08/2021, Mercy Street Ministries generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.0m during the year ending 08/2021. 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
MERCY STREET EXISTS TO CULTIVATE MUTUALLY TRANSFORMING RELATIONSHIPS WITH INNER-CITY YOUTH THROUGH CHRISTIAN MENTORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS SPORTS PROGRAMS THAT PROVIDE ACCESS TO QUALITY SPORTS LEAGUES, GROUP MENTORING FROM COACHES, AND UNIQUE LEADERSHIP DEVELOPMENT OPPORTUNITIES. THE ORGANIZATION SERVED OVER 1,300 YOUTH THROUGH ITS SPORTS PROGRAM IN THE REPORTING PERIOD.
THE ORGANIZATION MATCHES STUDENTS WITH CHRISTIAN MENTORS TO BUILD COMMITTED AND MUTUALLY-TRANSFORMING RELATIONSHIPS WHERE EACH STUDENT HAS AN ADVISOR AND SOURCE OF ENCOURAGEMENT. THE ORGANIZATION SERVED APPROXIMATELY 200 YOUTH THROUGH ONE-ON-ONE MENTORING AND ANOTHER 80 YOUTH THROUGH GROUP MENTORING DURING THE REPORTING PERIOD
THE ORGANIZATION PROVIDES LEADERSHIP TRAINING FOR HIGH SCHOOL AND COLLEGE STUDENTS TO EQUIP THEM WITH THE SKILLS TO BE COLLEGE AND/OR WORKFORCE READY ALONG WITH THE SPIRITUAL FOUNDATIONS NECESSARY TO LIVE A FAITHFUL LIFE. THE ORGANIZATION SERVED APPROXIMATELY 75 YOUTH IN THE LEADERSHIP PROGRAM DURING THE REPORTING PERIOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lacarlton Oby Executive Director | OfficerTrustee | 50 | $139,422 |
Matt Van Beber Chairman | OfficerTrustee | 1 | $0 |
Erin Mitchell-Pope Secretary | OfficerTrustee | 1 | $0 |
Michael Violi Director | Trustee | 1 | $0 |
Kenneth Aboussie Director | Trustee | 1 | $0 |
J Chris Hawkins-Wilson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,124 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $193,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,524,767 |
| Noncash contributions included in lines 1a–1f | $56,940 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,722,591 |
| Total Program Service Revenue | $47,218 |
| Investment income | $3,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,235 |
| Net Gain/Loss on Asset Sales | $1,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,565 |
| Net Income from Sales of Inventory | $1,380 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,891,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $63,419 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $151,849 |
| Compensation of current officers, directors, key employees. | $50,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $989,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,129 |
| Payroll taxes | $104,881 |
| Fees for services: Management | $63,125 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,130 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,817 |
| Advertising and promotion | $23,138 |
| Office expenses | $43,191 |
| Information technology | $29,582 |
| Royalties | $0 |
| Occupancy | $379,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $604,194 |
| Insurance | $40,538 |
| All other expenses | $55,489 |
| Total functional expenses | $3,040,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153,857 |
| Savings and temporary cash investments | $120,419 |
| Pledges and grants receivable | $416,441 |
| Accounts receivable, net | $13,302 |
| 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 | $55,452 |
| Net Land, buildings, and equipment | $2,900,615 |
| Investments—publicly traded securities | $56 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,037,628 |
| Total assets | $11,697,770 |
| Accounts payable and accrued expenses | $633,289 |
| Grants payable | $0 |
| Deferred revenue | $484,757 |
| 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 | $1,118,046 |
| Net assets without donor restrictions | $3,055,597 |
| Net assets with donor restrictions | $7,524,127 |
| 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 | $11,697,770 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Street Inc has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Energy Transfer Sunoco Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Amazing Grace Life Dallas, TX PURPOSE: YOUTH MENTORING | $30,000 |
Endowment Analysis
| Beg. Balance | $477,998 |
| Net Contributions | $9,240,649 |
| Other Expense | $1,238,313 |
| Ending Balance | $8,480,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Cityscape Schools Inc Dallas, TX | $31,786,183 | $16,269,782 |
Bcfs Education Services San Antonio, TX | $2,820,092 | $13,804,336 |
Momentous Institute Dallas, TX | $14,833,442 | $11,793,188 |
Ekhaya Youth Project New Orleans, LA | $903,085 | $13,654,605 |
Young Americans For Liberty Inc Austin, TX | $6,971,187 | $15,618,179 |
Stand For The Silent Inc Perkins, OK | $889,186 | $11,940,386 |
Camp War Eagle Inc Rogers, AR | $15,866,509 | $9,318,920 |
Kids Are First Carrizo Springs, TX | $3,476,023 | $8,458,663 |
Boys & Girls Club Of Central Texas Inc Killeen, TX | $2,385,650 | $6,347,689 |
Service Of Hope Entities Inc Dallas, TX | $479,458 | $4,643,726 |
Youth Bridge Properties Inc Fayetteville, AR | $0 | $256,554 |