Memorycare is located in Asheville, NC. The organization was established in 2000. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Memorycare employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorycare 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, Memorycare generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 6.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMORYCARE'S MISSION IS THREE-FOLD: TO PROVIDE SPECIALIZED MEDICAL CARE TO OLDER ADULTS WITH COGNITIVE LOSS; TO SUPPORT CAREGIVERS WITH EDUCATION, COUNSELING AND...(SEE ENTIRE MISSION STATEMENT ON PAGE 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORYCARE WAS ESTABLISHED AS A COMMUNITY-BASED, CHARITABLE NON-PROFIT ORGANIZATION TO ADDRESS THE NEED FOR EXCELLENT CARE FOR PEOPLE WITH DEMENTIA THAT INCLUDES FAMILIES THROUGHOUT THE PROCESS OF THEIR CARE. NOW IN OUR 22ND YEAR, WE ARE NATIONALLY RECOGNIZED AS PIONEERS IN DEMENTIA CARE, AND REMAIN THE ONLY PROGRAM IN WESTERN CAROLINA THAT INTEGRATES FAMILY SUPPORT AND EDUCATION WITH EXPERT MEDICAL CARE OF ADULTS WITH DEMENTIA. IN 2021, 99% OF CAREGIVERS SURVEYED EXPRESSED SATISFACTION WITH MEMORYCARE'S PROGRAM AND 97% SAID THEY WOULD RECOMMEND MEMORYCARE TO OTHERS. MEMORYCARE IS AN OUT-PATIENT, CONSULTATIVE PROGRAM WITH THE GOAL THAT ALL IMPACTED BY DEMENTIA CAN HAVE THE BEST POSSIBLE QUALITY OF LIFE. DEMENTIA IS A CHRONIC, PROGRESSIVE ILLNESS THAT CURRENTLY HAS NO CURE OR VIABLE TREATMENT. ALL WITH THE DISEASE EVENTUALLY REQUIRE THE HELP OF OTHERS WHO THEMSELVES NEED SUPPORT AND EDUCATION TO MANAGE AS WELL AS POSSIBLE.
UTILIZING A MULTIDISCIPLINARY, HOLISTIC APPROACH, OUR CARE TEAMS PROVIDE DIAGNOSTIC WORK-UP, DISEASE MANAGEMENT PLANNING,TRAINING AND MEDICAL ASSISTANCE TO HANDLE CHALLENGING BEHAVIORS AND SAFETY CONCERNS, CAREGIVER TRAINING, COUNSELING AND SUPPORT. WE HELP COODINATE AVAILABLE COMMUNITY RESOURCES, ASSIST LOW-INCOME OLDER ADULTS WITH APPLICATIONS FOR MEDICATION ASSISTANCE, AND COUNSEL INDIVIDUALS/FAMILIES ABOUT END OF LIFE DECISION MAKING. ALL FAMILIES ARE PROVIDED A DETAILED WRITTEN CARE PLAN THAT IS AMENDED AS THE ILLNESS PROGRESSES AND HAVE FULL ACCESS TO OUR RESOURCE LIBRARY AND STAFF FOR EDUCATIONAL MATERIAL. IN 2021, OUR STAFF PROVIDED COMPREHENSIVE SERVICES TO 1,080 PATIENTS AND 3,456 CAREGIVERS THROUGH OUR CORE CLINICAL PROGRAM. FAMILIES WERE SEEN IN OUR ASHEVILLE OFFICE, OUR RURAL SATELLITE CLINIC IN WAYNESVILLE, AND THROUGH OUR HOME VISIT PROGRAM IN BUNCOMBE COUNTY.
WE ARE DEVOTED TO PROVIDING COMMUNITY EDUCATION ABOUT DEMENTIA, CAREGIVING,AND AGING-RELATED HEALTH ISSUES AND TEACH PROFESSIONAL HEALTH CARE STUDENTS AND PROVIDERS ON THESE TOPICS AS WELL. IN 2021, WE FACILITATED 152 PRESENTATIONS AND REACHED 1,554 INDIVIDUALS THROUGH OUR EDUCATION PROGRAMS, INCLUDING 147 WHO ATTENDED OUR 6-WEEK SERIES,"CAREGIVER COLLEGE" VIA LIVE STREAM AND 69 WHO ACCESSED IT FOR SELF-STUDY ONLINE. OUR MEMORYCAREGIVERS NETWORK CONTINUED TO OFFER THREE PEER CAREGIVER SUPPORT GROUPS TO ALL CAREGIVERS OF A LOVED ONE WITH DEMENTIA IN THE COMMINITY AND HAD 65 INDIVIDUALS WHO WERE REGULAR PARTICIPANTS THIS YEAR. OUR ELECTRONIC NEWSLETTER WITH INFORMATION ABOUT CAREGIVING, RESOURCES, AND LOCAL EVENTS WAS SENT TO 3,925 INDIVUDALS AND, WE MAINTAIN A RESOURCE LIBRARY FOR THE PUBLIC WITH INFORMATION ABOUT DEMENTIA, DEMENTIA CARE, HEALTHY AGING, AND MORE. ONE HUNDRED PERCENT OF MEMORYCARES STAFF, BOARD OF DIRECTORS, AND VOLUNTEERS GIVE IN SUPPORT OF OUR PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Templeton MD Executive Director | OfficerTrustee | 60 | $188,074 |
Carlton D Johnson MD Employee | 50 | $173,373 | |
Margaret N Morris MD - Ex Officio Founder | 35 | $119,598 | |
Sok Heang Cheng CPA Treasurer | OfficerTrustee | 3 | $0 |
Rebekah Lowe Clc Acc President | OfficerTrustee | 3 | $0 |
Andrew Atherton ESQ Vice-President | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $7,689 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,053,471 |
Noncash contributions included in lines 1a–1f | $33,613 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,061,160 |
Total Program Service Revenue | $1,003,655 |
Investment income | $128,491 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $234,698 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,451,184 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $205,154 |
Compensation of current officers, directors, key employees. | $30,773 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,271,237 |
Pension plan accruals and contributions | $41,800 |
Other employee benefits | $104,752 |
Payroll taxes | $106,228 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,570 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $59,147 |
Fees for services: Other | $16,804 |
Advertising and promotion | $0 |
Office expenses | $33,072 |
Information technology | $49,252 |
Royalties | $0 |
Occupancy | $18,825 |
Travel | $2,630 |
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 | $169,378 |
Insurance | $39,657 |
All other expenses | $20,838 |
Total functional expenses | $2,218,981 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $635,197 |
Savings and temporary cash investments | $375,838 |
Pledges and grants receivable | $62,818 |
Accounts receivable, net | $112,559 |
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 | $49,820 |
Net Land, buildings, and equipment | $3,273,100 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,610,124 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,860,666 |
Total assets | $14,980,122 |
Accounts payable and accrued expenses | $13,143 |
Grants payable | $0 |
Deferred revenue | $266,024 |
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 | $279,167 |
Net assets without donor restrictions | $14,441,529 |
Net assets with donor restrictions | $259,426 |
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 | $14,980,122 |
Over the last fiscal year, we have identified 19 grants that Memorycare has recieved totaling $507,212.
Awarding Organization | Amount |
---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: PROMOTING QUALITY HEALTH | $247,926 |
Givens Estates Inc Asheville, NC PURPOSE: COMMUNITY IMPROVEMENT | $91,713 |
Wnc Bridge Foundation Asheville, NC PURPOSE: NOW/IMPACT GRANT | $50,000 |
Pisgah Health Foundation Brevard, NC PURPOSE: COVID NEEDS | $40,000 |
Rug & Home Foundation Inc Asheville, NC PURPOSE: GENERAL FUNDING | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $15,000 |
Beg. Balance | $7,280,168 |
Earnings | $946,877 |
Admin Expense | $59,147 |
Net Contributions | $692,768 |
Ending Balance | $8,860,666 |
Organization Name | Assets | Revenue |
---|---|---|
Family Health Centers Inc Orangeburg, SC | $20,767,853 | $20,714,600 |
Sarrell Regional Dental Center For Public Health Inc Nashville, TN | $0 | $14,776,033 |
Vernon J Harris East End Community Health Center Richmond, VA | $16,491,189 | $17,512,420 |
Memphis Lung Physicians Foundation Inc Memphis, TN | $4,739,184 | $13,322,151 |
Peninsula Institute For Community Health Inc Newport News, VA | $13,296,613 | $18,520,138 |
Southwest Virginia Community Health Systems Incorporated Meadowview, VA | $23,215,796 | $18,922,049 |
Greater Prince William Area Community Health Center Inc Woodbridge, VA | $9,047,910 | $19,215,869 |
Georgia Highlands Medical Services Inc Cumming, GA | $9,524,949 | $16,747,802 |
Matthew Walker Comprehensive Health Center Inc Nashville, TN | $12,433,796 | $15,795,322 |
Mountain Community Health Partnership Incorporated Bakersville, NC | $9,409,704 | $15,495,800 |
Health Care Partners Of South Carolina Inc Conway, SC | $17,532,043 | $17,540,965 |
Tri Area Community Health Laurel Fork, VA | $16,479,129 | $14,012,856 |