Mercy Of Adam
- Assets
- $2.5m
- Revenue
- $905.2k
- Investments
- $2.5m
- Employees
- 0
- Location
- North Attleboro, MA
- Founding
- Data as of
- 06/2023
- EIN
- 84-2424379
Organization Overview
Mercy Of Adam is located in North Attleboro, MA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Of Adam 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 06/2023, Mercy Of Adam generated $905.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $121.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mercy Of Adam has awarded 16 individual grants totaling $169,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,200 |
| Interest on Savings | $80 |
| Dividends & Interest | $114,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $752,664 |
| Capital Gain Net Income | $752,664 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $905,174 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,228 |
| Total operating and administrative expenses | $6,253 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $121,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,494,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,494,329 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $84,391 |
| Total liabilities | $84,391 |
Grants Awarded
Over the last fiscal year, Mercy Of Adam has awarded $115,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AL-NOOR ACADEMY INC PURPOSE: CONTRIBUTION | $4,000 |
MASJID AL ISLAM PURPOSE: CONTRIBUTION | $10,000 |
MUSLIM SOCIETY OF RI PURPOSE: CONTRIBUTION | $60,000 |
VIOLET ORGANIZATION PURPOSE: CONTRIBUTION | $5,000 |
THE ASSOCIATIONS OF ARAB MUSLIMS IN AMERICA PURPOSE: CONTRIBUTION | $3,000 |
SYRIAN FORUM USA PURPOSE: CONTRIBUTION | $25,000 |