Mercy Enterprise Corporation
- Assets
- $3.8m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Portland, OR
- Founding
- Data as of
- 06/2017
- EIN
- 93-1315010
Organization Overview
Mercy Enterprise Corporation, operating under the name Mercy Corps Northwest, is located in Portland, OR. As of 06/2017, Mercy Corps Northwest employed 27 individuals. Mercy Corps Northwest 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 06/2017, Mercy Corps Northwest generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 2 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
MERCY ENTERPRISE CORPORATION PROVIDES COMPREHENSIVE MICRO-ENTERPRISE DEVELOPMENT PROGRAMS, AND ACTS AS A CATALYST TO BUILD COMMUNITY INTEGRATION, FINANCIAL SECURITY AND GREATER ECONOMIC OPTIONS FOR LOW INCOME POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RE-ENTRY SERVICES IS A COMPREHENSIVE PROGRAM OF SERVICES HELPING INCARCERATED AND FORMERLY INCARCERATED INDIVIDUALS TO REINTEGRATE BACK INTO THE COMMUNITY, AND BECOME POSITIVE FACTORS IN THE LIVES OF THEIR FAMILIES AND NEIGHBORHOODS. WE ALSO WORK AT THE POLICY LEVEL TO ADVOCATE FOR SYSTEMIC CHANGES THAT PROMOTE THESE GOALS OF SUCCESSFUL RE-ENTRY, AND SEEK A HEALTHIER, MORE SECURE COMMUNITY.
TRAINING AND BUSINESS DEVELOPMENT: PROVIDING BASIC BUSINESS TRAINING COURSES AND EXTENSIVE ONE ON ONE BUSINESS COUNSELING AND SUPPORT. THESE TRAINING CLASSES PROVIDE THE CORE COMPETENCIES NEEDED TO START OR RUN A SMALL BUSINESS FOCUSING ON BUSINESS BASICS, MARKETING, TECHNOLOGY, CREDIT MANAGEMENT AND FINANCE. IN ADDITION TO TRAINING REFUGEES IN FARMING OPERATIONS, THE FARM PROGRAM PROVIDES HANDS ON EXPERIENCE IN DISTRIBUTION AND MARKETING OF HARVESTS. AN SBA FUNDED PROGRAM FACILITATED TEAMS OF SMALL BUSINESSES; WOMEN, MINORITY AND SERVICE DISABLED OWNED BUSINESSES TO BID ON LARGER FEDERAL CONTRACTING OPPORTUNITIES THAN HAD HISTORICALLY BEEN WITHIN THEIR COMPETENCIES.
THE STATE OF OREGON PROVIDES FUNDING, MATCHED BY HHS' ASSET FOR INDEPENDENCE (AFI) AGENCY, TO ASSIST LOW-INCOME INDIVIDUALS IN CREATING AND EXPANDING THEIR SMALL BUSINESSES. THE INDIVIDUALS SAVE THEIR OWN MONEY, ATTEND BUSINESS TRAINING SESSIONS, AND HAVE THEIR SAVINGS AUGMENTED BY THE OREGON AND AFI FUNDING. THE PROGRAM WORKS CLOSELY WITH THE TRAINING PROGRAM IN FACILITATING THE DEVELOPMENT OF BUSINESS SKILLS. MANY OF THESE IDA CLIENTS ULTIMATELY CONVERT TO MICRO-LOAN CLIENTS, USING THEIR IDA ASSET PURCHASE TO COLLATERALIZE THEIR BUSINESS LOAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry W Ettner Chair | OfficerTrustee | 0.5 | $0 |
Jim Hennings Board Member | Trustee | 0.5 | $0 |
Dan Hall Board Member | Trustee | 0.5 | $0 |
Jay Price Treasurer | OfficerTrustee | 0.5 | $0 |
Sarah Mignon Mazique Board Member | Trustee | 0.5 | $0 |
Amy Kohnstamm Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,555,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,511 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,037,072 |
| Total Program Service Revenue | $204,621 |
| Investment income | $1,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$56,026 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,187,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,130 |
| Grants and other assistance to domestic individuals. | $707,427 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,959 |
| Compensation of current officers, directors, key employees. | $63,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $734,701 |
| Pension plan accruals and contributions | $32,620 |
| Other employee benefits | $262,431 |
| Payroll taxes | $64,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,125 |
| Advertising and promotion | $0 |
| Office expenses | $32,219 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,416 |
| Travel | $18,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,189 |
| Interest | $11,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,396,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,889,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $195,090 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $374,439 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,236 |
| Net Land, buildings, and equipment | $1,251,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,756,036 |
| Accounts payable and accrued expenses | $180,180 |
| Grants payable | $0 |
| Deferred revenue | $832,552 |
| 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 | $1,998,201 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $558,497 |
| Total liabilities | $3,569,430 |
| Unrestricted restricted net Assets | $157,600 |
| Temporarily restricted net Assets | $29,006 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $186,606 |
Grants Awarded
Over the last fiscal year, Mercy Enterprise Corporation has awarded $84,627 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE MIRACLES CLUB PURPOSE: Mentoring for previously incarcerated clients. | $5,056 |
AO NON-PROFIT STRATEGIES PURPOSE: Mentoring for previously incarcerated clients. | $34,580 |
HIGHLAND HAVEN (HARRP) PURPOSE: Mentoring for previously incarcerated clients. | $16,448 |
OREGON ISLAMIC CHAPLAIN ORGANIZATION (OICO) PURPOSE: Mentoring for previously incarcerated clients. | $14,869 |
PHOENIX RISING TRANSITIONS PURPOSE: Mentoring for previously incarcerated clients. | $13,674 |