Mercyfirst

“MERCYFIRST CONTRACTED WITH COMPANY: CAREY & CO. FOR OUTSOURCED CFO SERVICE. CONTRACTED CFO, ARTHUR BULACAN MANAGES THE ORGANIZATION'S FINANCES, PLANS, OR EXECUTES BUDGETS OR FINANCIAL OPERATIONS AND INVOLVE SIGNIFICANT MANAGERIAL DECISION MAKING. THE CFO WAS COMPENSATED BY THE MANAGEMENT COMPANY, CAREY & CO. The agreement was terminated on February 2024.”

“The members of the corporation are the president and the leadership team of the sisters of mercy of the americas.”

“The members have established the sponsor council and have delegated certain powers to the council. They may appoint or remove members of the board upon recommendation of the local board or in consultation with the members, appoint the chair of the board upon recommendation of the local board, appoint the president/ceo upon the recommendation of the local board; remove, in consultation with the members, the president/ceo for violation of the mission objectives or purposes of the corporation.”

“The members of the corporation must approve certain proposals including, the sale of substantially all the assets of the corporation, the amount of debt to be incurred by the corporation, and the amount of assets that can be sold annually.”

“A cpa firm was engaged to prepare the 990. All trustees are provided with a copy of the final form 990 prior to filing. The 990 is reviewed with the trustees at a monthly board meeting. The review includes discussion of governance practices. Additionally an operational review is conducted to highlight operations, including employees and their responsibilities within the organization.”

“All trustees are requested to complete a conflict of interest checklist annually and disclose any potential conflicts. All officers, directors and key personnel are also required to complete a conflict of interest checklist annually.”

“The compensation of the president/ceo is determined, as outlined in the by-laws of the corporation, by a compensation and evaluation committee consisting of independent members of the organization's board of trustees. The compensation of the president/ceo is established considering compensation surveys and studies as well as salaries for ceos at comparable organizations based on amounts reported on 990s. The decision of the committee is documented in personnel files.”

“The compensation of other officers and key employees is determined by the compensation and evaluation committee of the board of trustees considering compensation surveys and studies as well as salaries for officers and key employees at comparable organization based on amounts reported on 990s and recommendation of the ceo/president. Once approved, such decisions are documented in personnel files. For other officers and key employees, the decision is documented in personnel files.”

“All governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Mercy first, a sponsored ministry of the sisters of mercy, inspires hope and promotes healing for children and families by providing quality human services and educational opportunities while advocating for social change.”

“The following two programs are merged into program: Group care during FY2024: - Pregnant Teen and Parenting Program - Youth Development Programs”

“Family support and prevention services programs provide community-based services that assist and support parents and other caregivers so that they develop the tools they need to raise their children in a safe and nurturing environment, and prevent them from entering foster care. Expenses: $4,930,803. Revenue: $5,355,873. Integrated health programs blends medical care and related behavioral and mental health factors that affect the health and well-being of children and families with complex needs, such as having experienced poverty, abuse, and family stress in the homes and communities. Through child and family treatment and support services, mercy first is committed to responding to children and youth's mental health needs. Expenses: $3,499,298. Revenue: $3,771,856.”