Hearts Of Mercy Foundation Inc is located in Irvine, CA. The organization was established in 2010. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts Of Mercy Foundation Inc 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 12/2023, Hearts Of Mercy Foundation Inc generated $170.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 48.0% each year .
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE SUPPORT TO QUALIFIED NON-PROFIT ORGANIZATIONS TO CARRY OUT THEIR CHARITABLE ACTIVITIES THAT ARE ALIGNED WITH THE FOUNDATION PURPOSE
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amer Boukai Sec & Treasurer | 0 | $0 | |
Magdalena Boukai Director | 0 | $0 | |
Ziad Boukai President | 0 | $0 | |
Ghada Boukai Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $225 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $57,665 |
| Other Revenue | $0 |
| Total Revenue | $170,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $177,374 |
| Total expenses | $177,374 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,386 |
| Other assets | $0 |
| Total assets | $6,386 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,386 |
Over the last fiscal year, Hearts Of Mercy Foundation Inc has awarded $110,905 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CORE | | | $13,645 |
CREATIVE VISIONS FOUNDATION | | | $7,000 |
DAVE THOMAS FOUNDATION | | | $25,000 |
NEW HORIZON EDUC FOUNDATION | | | $50,000 |
SABIL AL-IHSSAN | | | $15,260 |