Civic Intelligence

Mercy Connections Inc

990 • Fiscal year 2019 • EIN 03-0369962

Jul 01, 2018 to Jun 30, 2019 • Filed on May 20, 2020

255 South Champlain Street Suite 8Burlington, VT 05401

(802) 846-7063

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.05x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

32nd percentile

-2.4%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$46,376

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

12th percentile

-10%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

48th percentile

3.2%

Faster revenue growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,003,210

Down $114,530 (-10%) from 2018

Net Assets

Down

$948,150

Down $122,460 (-11%) from 2018

Liabilities

Up

$55,060

Up $7,930 (+17%) from 2018

Revenue

Up

$877,847

Up $26,946 (+3.2%) from 2018

Expenses

Up

$899,201

Up $44,880 (+5.3%) from 2018

Net Income

Down

-$21,354

Down $17,934 (-524%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2015: $1,245,386Liabilities 2015: $32,493Net Assets 2015: $1,212,8932015Assets 2016: $1,127,352Liabilities 2016: $107,347Net Assets 2016: $1,020,0052016Assets 2017: $1,080,434Liabilities 2017: $47,616Net Assets 2017: $1,032,8182017Assets 2018: $1,117,740Liabilities 2018: $47,130Net Assets 2018: $1,070,6102018Assets 2019: $1,003,210Liabilities 2019: $55,060Net Assets 2019: $948,1502019Assets 2020: $1,255,993Liabilities 2020: $170,108Net Assets 2020: $1,085,8852020Assets 2021: $1,572,031Liabilities 2021: $158,619Net Assets 2021: $1,413,4122021Assets 2022: $1,957,399Liabilities 2022: $31,132Net Assets 2022: $1,926,2672022Assets 2023: $1,966,802Liabilities 2023: $45,247Net Assets 2023: $1,921,5552023Assets 2024: $1,777,470Liabilities 2024: $20,968Net Assets 2024: $1,756,5022024

Highlighted filing

2019

Assets$1,003,210
Liabilities$55,060
Net Assets$948,150

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $805,916Expenses 2015: $757,104Net Income 2015: $48,8122015Revenue 2016: $613,055Expenses 2016: $776,243Net Income 2016: -$163,1882016Revenue 2017: $747,973Expenses 2017: $813,912Net Income 2017: -$65,9392017Revenue 2018: $850,901Expenses 2018: $854,321Net Income 2018: -$3,4202018Revenue 2019: $877,847Expenses 2019: $899,201Net Income 2019: -$21,3542019Revenue 2020: $1,096,081Expenses 2020: $914,189Net Income 2020: $181,8922020Revenue 2021: $1,277,394Expenses 2021: $1,019,187Net Income 2021: $258,2072021Revenue 2022: $1,630,940Expenses 2022: $1,064,205Net Income 2022: $566,7352022Revenue 2023: $1,196,829Expenses 2023: $1,246,369Net Income 2023: -$49,5402023Revenue 2024: $1,292,977Expenses 2024: $1,507,025Net Income 2024: -$214,0482024

Highlighted filing

2019

Revenue$877,847
Expenses$899,201
Net Income-$21,354
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 20, 2020
Return Version
2018v3.2
Gross Receipts
$1,185,186
Mission and Program Overview

Mission

Mercy connections is an educational values-driven non-profit organization living the legacy of the sisters of mercy, with an enduring concern for women. By compassionately nurturing self-sufficiency through education, mentoring, entrepreneurship and community, people are empowered to make significant life changes.

Mercy connections' mission is to promote self-sufficiency by empowering people to make significant life changes through education, mentoring, entrepreneurship, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$975,985$920,856▼ $55,129
Savings and Temporary Cash Investments$76,556$34,099▼ $42,457
Pledges and Grants Receivable$32,782$31,450▼ $1,332
Land, Buildings, and Equipment, Net$22,966$16,078▼ $6,888
Prepaid Expenses and Deferred Charges$1,575--
Cash and Non-Interest-Bearing Accounts$7,876$727▼ $7,149
Total Assets$1,117,740$1,003,210▼ $114,530
Liabilities
Accounts Payable and Accrued Expenses$43,454$54,533▲ $11,079
Escrow Account Liability$3,676$527▼ $3,149
Total Liabilities$47,130$55,060▲ $7,930
Net Assets / Fund Balance
Permanently Rstr Net Assets$954,815$954,815→ $0
Unrestricted Net Assets$75,894$30,728▼ $45,166
Temporarily Rstr Net Assets$39,901$-37,393▼ $77,294
Total Net Assets Fund Balance$1,070,610$948,150▼ $122,460
Total Liabilities and Net Assets / Fund Balance$1,117,740$1,003,210▼ $114,530

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,078$50,162$66,240

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$959,716-▲ $65,631$116,270$904,089
2017$995,307-▲ $119,129$147,281$959,716
2016$954,815-▲ $137,929$91,450$995,307
2015$1,040,427$4,504▲ $49,159$132,783$954,815
2014$1,122,024$1,800▲ $56,637$140,034$1,040,427
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa FalconeExecutive DiFT$37,474$8,902$46,376
Revenue and Support

Revenue Composition

Contributions and Grants
$647,719
Program Service Revenue
$58,945
Investment Income
$168,700
Other Revenue
$2,483
All Other Contributions
$338,918
Change in Net Assets
$-21,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$736,871
Other Expenses$157,580
Total Fundraising Expense$106,627
Grants and Similar Amounts Paid$4,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$427,117$43,120$53,389$523,626
Current Officers, Directors, Trustees, and Key Employees$38,000$25,334$21,111$84,445
Other Employee Benefits$57,226$7,813$8,704$73,743
Occupancy$48,257$7,739$7,290$63,286
Payroll Taxes$36,045$5,224$5,712$46,981
Office Expenses$16,516$8,403$5,620$30,539
Advertising$12,632$717$1,011$14,360
Depreciation Depletion$7,858$1,139$1,245$10,242
Fees for Services Accounting-$9,600-$9,600
Pension Plan Contributions$6,957$445$674$8,076
Information Technology$5,616$814$890$7,320
Fees for Service Investment Mgmnt Fees-$4,988-$4,988
Grants to Domestic Individuals$4,750--$4,750
Insurance$1,501$218$238$1,957
Conferences and Meetings$920$763$98$1,781
Fees for Services Other$1,314$190$208$1,712
Travel$1,400$45$137$1,582
Other Expenses$93$75$72$168
All Other Expenses$63--$63
Total Functional Expenses$675,460$117,114$106,627$899,201
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,680
Fundraising Direct Expenses$31,704
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
May Luncheon$152,931$24,046$9,816$14,230
Jazz Jam$33,361$8,634$352$8,282
Total Events$186,292$32,680$31,704$976
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft copy of form 990 is reviewed by management and finance committee. A copy of the reviewed form 990 is provided to the board before it is filed with the irs.

Form 990, Page 6, Part VI, Line 12C

Each year, the board is asked to review the conflict of interest policy and disclose any conflicts of interest. If any board member has a conflict, they would refrain from voting on that specific matter.

Form 990, Page 6, Part VI, Line 15A

Board of trustees approves executive director's compensation.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mercy Connections Inc
EIN
03-0369962
Phone
8028467063
Address
255 SOUTH CHAMPLAIN STREET SUITE 8, BURLINGTON, VT 05401

Signing Officer

Name
Lisa Falcone
Title
Executive Director
Phone
8028467063
Signed
2020-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Falcone
Formed
2001
Legal Domicile
Vt
Voting Board Members
21
Independent Board Members
21
Employees
17
Volunteers
200

Preparer

Firm
Jmm & Associates Pc
Address
336 WATER TOWER CIR STE 801, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Mercy connections is an educational values-driven non-profit organization living the legacy of the sisters of mercy, with an enduring concern for women. By compassionately nurturing self-sufficiency through education, mentoring, entrepreneurship and community, people are empowered to make significant life changes.

Form 990

Mercy connections, inc. Has elected to voluntarily file a form 990.

Form 990, Page 2, Part III, Line 4A

Mercy connections exists as a direct result of the 75-year history of trinity college and the sisters of mercy, when they closed the college in 2000. It began in 2001 to preserve the social justice mission of trinity college and increase access to educational resources for the most underserved populations of vermont. Mercy connections' mission is to promote self-sufficiency by empowering people to make significant life changes through education, mentoring, entrepreneurship and community. Mercy connections operates three well- established, robust program areas, which serve 400 people annually. These include: the women's small business program (wsbp) is a trailblazer and leader in preparing women entrepreneurs to launch and operate their own businesses. Vermont justice and mentoring program matches trained women volunteers (mentors) with women involved in the corrections system (mentees) and provides resources, support and social capital to women trying to reclaim their lives after incarceration. Education & transition programs (e&t) offers a portfolio of in-depth education classes, tutoring, support groups and a weekly community lunch for women and men seeking a safe, welcoming place to work on their goals, sense of purpose, and possibly most importantly, build connections with others. These programs are supported with evidence-based, adult education and social justice practices that meet people where they are and empower them to move forward. We welcome people who are marginalized and often isolated and adhere to the premise that every person, regardless of life circumstances, deserves dignity, compassion and the opportunity to pursue personal aspirations within a supportive community.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Mercy connections holds fiscal agent funds for greater burlington women's forum.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DI
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IRS990/FormationYr02001
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt031704
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IRS990/GainOrLossGrp/SecuritiesAmt0150519
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0155189
IRS990/GrantAmt04750
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0426154
IRS990/GrossReceiptsAmt01185186
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt021
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InformationTechnologyGrp/TotalAmt07320
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IRS990/LocalChaptersInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0MERCY CONNECTIONS IS AN EDUCATIONAL VALUES-DRIVEN NON-PROFIT ORGANIZATION LIVING THE LEGACY OF THE SISTERS OF MERCY, WITH AN ENDURING CONCERN FOR WOMEN. BY COMPASSIONATELY NURTURING SELF-SUFFICIENCY THROUGH EDUCATION, MENTORING, ENTREPRENEURSHIP AND COMMUNITY, PEOPLE ARE EMPOWERED TO MAKE SIGNIFICANT LIFE CHANGES.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0976
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IRS990/PYOtherRevenueAmt06852
IRS990/PYProgramServiceRevenueAmt072269
IRS990/PYRevenuesLessExpensesAmt0-3420
IRS990/PYSalariesCompEmpBnftPaidAmt0691324
IRS990/PYTotalExpensesAmt0854321
IRS990/PYTotalRevenueAmt0850901
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-21354
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IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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