Mercy Lab
- Assets
- $2.9m
- Revenue
- $143.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-5130654
Organization Overview
Mercy Lab is located in Pasadena, CA. The organization was established in 2015. 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 Lab 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, Mercy Lab generated $143.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $262.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mercy Lab has awarded 21 individual grants totaling $813,792. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David D Smith President, Chairman Of Board | 0 | $0 | |
George H Mccrimlisk Vice President, Treasurer, CFO | 0 | $0 | |
Danielle Doorneweerd Secretary, Director, Board Mem | 0 | $60,470 | |
Melissa Leonard Director, Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,898 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $143,699 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,470 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $16,014 |
| Interest | $0 |
| Taxes | $4,264 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,388 |
| Total operating and administrative expenses | $121,606 |
| Contributions, gifts, grants paid | $141,000 |
| Total expenses and disbursements | $262,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,823 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,913,156 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mercy Lab has awarded $141,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TAKE STOCK IN CHILDREN PURPOSE: TO SUPPORT THE ORGANIZATION'S EDUCATION PROGRAMS | $26,000 |
AFTER SCHOOL ALL STARS PURPOSE: TO SUPPORT THE ORGANIZATION'S EDUCATION PROGRAMS | $60,000 |
COALITION TO ABOLISH SLAVERY & TRAFFICKING PURPOSE: TO SUPPORT THE ORGANIZATION'S PROGRAMS | $40,000 |
YOUTH GUIDANCE PURPOSE: TO SUPPORT THE ORGANIZATION'S EDUCATION PROGRAMS | $15,000 |