Memorycare

Organization Overview

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.

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.


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Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Memorycare has recieved totaling $507,212.

Awarding OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,280,168
Earnings$946,877
Admin Expense$59,147
Net Contributions$692,768
Ending Balance$8,860,666

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