Brothers Of Mercy Facilities Foundation
- Assets
- $1.6m
- Revenue
- $877.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Clarence, NY
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 16-1558645
Organization Overview
Brothers Of Mercy Facilities Foundation is located in Clarence, NY. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Brothers Of Mercy Facilities Foundation 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 12/2022, Brothers Of Mercy Facilities Foundation generated $877.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $609.5k during the year ending 12/2022. While expenses have increased by 10.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS IN SUPPORT OF THE BROTHERS OF MERCY AFFILIATES WHOSE GOAL IS TO CARE FOR THE SICK AND ELDERLY OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS IN SUPPORT OF THE BROTHERS OF MERCY AFFILIATES WHOSE GOAL IS TO CARE FOR THE SICK AND ELDERLY OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Eimer Board Member/corp CEO | OfficerTrustee | 2 | $0 |
Joseph Widmer CFO | Officer | 1.5 | $0 |
Brother Kenneth Thomas Board Member | Trustee | 6.25 | $0 |
Brother Matthias Moller Board Member | Trustee | 0.5 | $0 |
Michael Noe Board Member/secretary | OfficerTrustee | 0.5 | $0 |
Sister Patricia Burkard Board Member/chairwomen | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $259,961 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $644,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $904,847 |
| Total Program Service Revenue | $5,319 |
| Investment income | $3,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,506 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $877,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $312,950 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $116,588 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,864 |
| Fees for services: Other | $3,898 |
| Advertising and promotion | $17,361 |
| Office expenses | $8,446 |
| Information technology | $53,517 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,793 |
| All other expenses | $76,907 |
| Total functional expenses | $609,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,173 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $497,639 |
| Accounts receivable, net | $690,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,609 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $142,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,640,466 |
| Accounts payable and accrued expenses | $2,051 |
| Grants payable | $0 |
| Deferred revenue | $357,000 |
| 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 | $90,094 |
| Total liabilities | $449,145 |
| Net assets without donor restrictions | $602,457 |
| Net assets with donor restrictions | $588,864 |
| 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 | $1,640,466 |
Grants Awarded
Over the last fiscal year, Brothers Of Mercy Facilities Foundation has awarded $924,594 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BROTHERS OF MERCY NURSING HOME COMPANY INC PURPOSE: PROGRAM EXPENSES ORIGINALLY RECVD 166785 BUT HAD TO RETURN PREVIOUS YEARS 200K GRANT CAUSING A NEGATIVE FUNDING OF -33215 ON THE BOOKS OF THE FOUNDATION | $166,785 |
BROTHERS OF MERCY SACRED HEART HOME INC PURPOSE: CONSTRUCTION COST FOR NEW BUILDING | $757,809 |