Carl Malone Foundation Inc
- Assets
- $163.0k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Cleveland, TN
- Founding
- 05/2007
- Data as of
- 12/2020
- EIN
- 20-4765874
Organization Overview
Carl Malone Foundation Inc, operating under the name Mercy's Door I Ii And Iii, is located in Cleveland, TN. The organization was established in 2007. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2020, Mercy's Door I Ii And Iii employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy's Door I Ii And Iii 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 12/2020, Mercy's Door I Ii And Iii generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2020. While expenses have increased by 1.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES HOMES IN DALTON, GA THAT SERVE AT RISK YOUTH AGES 6 TO 17 WHO HAVE BEEN ABUSED, NEGLECTED, ABANDONED, HOMELESS OR VICTIMIZED BY THEIR PARENTS AND FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES HOMES IN DALTON, GEORGIA. THESE HOMES SERVE AT RISK YOUTH AGES 6 TO 17 WHO HAVE BEEN ABUSED, NEGLECTED, ABANDONED, HOMELESS OR VICTIMIZED BY THEIR PARENTS AND FAMILY. IT HAS RECEIVED LICENSURE WITH THE STATE OF GEORGIA INCLUDING APPROVAL BY STATE AGENCIES SUCH AS DFCS AND DJJ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Malone Administrator | Trustee | 40 | $81,003 |
Carl Malone CFO | OfficerTrustee | 40 | $43,160 |
Randall Malone Ceo/president | OfficerTrustee | 40 | $43,160 |
Kodi Malone Member | Trustee | 5 | $36,888 |
Kelli Suits Member | Trustee | 5 | $8,419 |
Dr Brian Kim Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,418 |
| Total Program Service Revenue | $987,955 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,043,873 |
| 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. | $212,630 |
| Compensation of current officers, directors, key employees. | $212,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,821 |
| Payroll taxes | $50,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,740 |
| Advertising and promotion | $1,021 |
| Office expenses | $8,851 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,283 |
| Travel | $106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $815 |
| Interest | $580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,793 |
| Insurance | $45,108 |
| All other expenses | $65,454 |
| Total functional expenses | $1,089,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76 |
| Accounts receivable, net | $67,776 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,993 |
| Accounts payable and accrued expenses | $20,025 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $194,880 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $193,809 |
| Other liabilities | $12,218 |
| Total liabilities | $420,932 |
| Net assets without donor restrictions | -$257,939 |
| Net assets with donor restrictions | $0 |
| 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 | $162,993 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carl Malone Foundation Inc has recieved totaling $63.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Specialized Alternatives For Families And Youth Of Kentucky Inc Lexington, KY | $1,516,940 | $14,842,351 |
Foster Adopt Connect Inc Independence, MO | $12,161,256 | $8,168,684 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Foster Care Coalition Of Greater St Louis Inc St Louis, MO | $5,655,247 | $6,817,874 |
People Places Inc Staunton, VA | $8,658,654 | $6,115,001 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Youth Town Of Tennessee Inc Jackson, TN | $4,037,865 | $4,281,456 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Foundations For Home And Community Inc Portsmouth, VA | $16,558,173 | $4,051,248 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Potter Childrens Home And Family Ministries Inc Bowling Green, KY | $1,618,168 | $3,609,147 |
Apelah Inc Ridgeland, MS | $9,232,326 | $3,381,721 |