Civic Intelligence

Project Mercy Inc.

990 • Fiscal year 2016 • EIN 35-1410753

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 26, 2017

7011 Ardmore AvenueFort Wayne, IN 46809

(260) 747-2559

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

26th percentile

-6.5%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$70,180

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

61st percentile

7.6%

Faster revenue growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,043,294

Down $134,628 (-4.2%) from 2015

Net Assets

Down

$3,021,588

Down $119,932 (-3.8%) from 2015

Liabilities

Down

$21,706

Down $14,696 (-40%) from 2015

Revenue

Up

$1,835,793

Up $129,135 (+7.6%) from 2015

Expenses

Down

$1,955,877

Down $120,805 (-5.8%) from 2015

Net Income

Up

-$120,084

Up $249,940 (+68%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $3,539,596Liabilities 2013: $47,587Net Assets 2013: $3,492,0092013Assets 2014: $3,559,422Liabilities 2014: $47,878Net Assets 2014: $3,511,5442014Assets 2015: $3,177,922Liabilities 2015: $36,402Net Assets 2015: $3,141,5202015Assets 2016: $3,043,294Liabilities 2016: $21,706Net Assets 2016: $3,021,5882016Assets 2017: $3,081,585Liabilities 2017: $7,432Net Assets 2017: $3,074,1532017Assets 2018: $3,473,512Liabilities 2018: $15,203Net Assets 2018: $3,458,3092018Assets 2019: $3,141,287Liabilities 2019: $9,174Net Assets 2019: $3,132,1132019Assets 2020: $3,426,586Liabilities 2020: $77,260Net Assets 2020: $3,349,3262020Assets 2021: $3,877,561Liabilities 2021: $14,542Net Assets 2021: $3,863,0192021Assets 2022: $4,038,121Liabilities 2022: $9,892Net Assets 2022: $4,028,2292022Assets 2023: $3,927,396Liabilities 2023: $21,557Net Assets 2023: $3,905,8392023Assets 2024: $4,586,169Liabilities 2024: $6,935Net Assets 2024: $4,579,2342024

Highlighted filing

2016

Assets$3,043,294
Liabilities$21,706
Net Assets$3,021,588

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,884,234Expenses 2013: $2,375,961Net Income 2013: -$491,7272013Revenue 2014: $1,871,998Expenses 2014: $1,853,715Net Income 2014: $18,2832014Revenue 2015: $1,706,658Expenses 2015: $2,076,682Net Income 2015: -$370,0242015Revenue 2016: $1,835,793Expenses 2016: $1,955,877Net Income 2016: -$120,0842016Revenue 2017: $1,843,957Expenses 2017: $1,791,239Net Income 2017: $52,7182017Revenue 2018: $1,928,499Expenses 2018: $1,544,343Net Income 2018: $384,1562018Revenue 2019: $1,387,977Expenses 2019: $1,714,173Net Income 2019: -$326,1962019Revenue 2020: $1,953,894Expenses 2020: $1,736,681Net Income 2020: $217,2132020Revenue 2021: $2,237,570Expenses 2021: $1,723,877Net Income 2021: $513,6932021Revenue 2022: $2,238,069Expenses 2022: $2,072,859Net Income 2022: $165,2102022Revenue 2023: $1,975,511Expenses 2023: $2,097,901Net Income 2023: -$122,3902023Revenue 2024: $2,662,223Expenses 2024: $1,988,858Net Income 2024: $673,3652024

Highlighted filing

2016

Revenue$1,835,793
Expenses$1,955,877
Net Income-$120,084
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 26, 2017
Return Version
2016v3.0
Gross Receipts
$1,835,793
Mission and Program Overview

Mission

The organization was founded in september 1977 to provide aid, comfort, & support to those in need in africa and to alleviate human suffering. The founding purpose was to provide emergency relief & assistance to refugees. Programs to provide assistance have expanded into education, health care, agricultural, and self-sufficiency.

The vision of project mercy is to renew the heart of a nation by freeing people from physical and spiritual poverty. The mission of the organization is to transform how people live and think and build strong, self-sufficient communities in ethiopia and beyond through new knowledge, bether health, sustainable food sources and strengthened character for all people as a living example of the love of jesus christ. This international ministry was started in 1977 to provide emergency relief and relocation assistance to ethiopian refugees. The ministry grew to reach to a number of additional countries including ivory coast, djibouti, guinea, iraq, kenya, malawi and sudan. In 1993 the organization shifted its focus to creating a relief and community development model. They have taken an integrated and holistic community development approach in aiding rural communities in ethiopia witha variety of programs to address both the physical and spiritual needs of the areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,816,172$2,805,397▼ $10,775
Cash and Non-Interest-Bearing Accounts$208,465$114,100▼ $94,365
Land, Buildings, and Equipment, Net$54,908$48,942▼ $5,966
Inventories for Sale or Use$21,305$23,238▲ $1,933
Investments in Publicly Traded Securities-$9,665-
Prepaid Expenses and Deferred Charges$644$644→ $0
Total Assets$3,177,922$3,043,294▼ $134,628
Other Assets Total$76,428$41,308▼ $35,120
Liabilities
Accounts Payable and Accrued Expenses$36,402$21,706▼ $14,696
Total Liabilities$36,402$21,706▼ $14,696
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,807,882$1,512,039▼ $295,843
Unrestricted Net Assets$1,231,138$1,509,549▲ $278,411
Permanently Rstr Net Assets$102,500--
Total Net Assets Fund Balance$3,141,520$3,021,588▼ $119,932
Total Liabilities and Net Assets / Fund Balance$3,177,922$3,043,294▼ $134,628

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$41,290$13,210$54,500
Other Land Buildings$7,652$45,439$53,091
Equipment-$23,943$23,943

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$102,500--$102,500-
2015$102,500---$102,500
2014$102,500---$102,500
2013$102,500---$102,500
2012$102,500---$102,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Demeke Tekle-woldCo-CEOFT$70,180$70,180
Marta Gabre-tsadickCEOFT$756$756

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,814,827
Program Service Revenue
$0
Investment Income
$2,417
Other Revenue
$18,549
All Other Contributions
$1,814,827
Change in Net Assets
$-120,084

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,835,793
Revenue Not Reported on Form 990
$43,210
Total Revenue per Audited Statements
$1,879,003
Total Revenue per Form 990
$1,835,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,214,048
Salaries, Compensation, and Employee Benefits$467,001
Other Expenses$274,828
Total Fundraising Expense$117,632
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,214,048--$1,214,048
Other Salaries and Wages$152,915$123,939$73,077$349,931
Other Employee Benefits$34,177$27,702$16,330$78,209
Occupancy$15,802$59,027-$74,829
Travel$62,652$1,122$2,566$66,340
Fees for Services Accounting-$44,758-$44,758
Payroll Taxes$12,901$10,684$6,590$30,175
Information Technology-$21,664-$21,664
Advertising$3,426-$8,879$12,305
Pension Plan Contributions$3,193$3,507$1,986$8,686
Depreciation Depletion$3,875$1,495$596$5,966
All Other Expenses$60$1,150$3,338$4,548
Other Expenses$4,360$3,046$893$4,360
Insurance-$3,848-$3,848
Conferences and Meetings$2,169$380$447$2,996
Office Expenses$251$1,899-$2,150
Total Functional Expenses$1,519,623$318,622$117,632$1,955,877

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,998,935
Expenses per Audited Statements$1,955,877
Total Expenses per Form 990$1,955,877
Expenses Not Reported on Form 990$43,058
International Activity

International Summary

Offices
1
Employees
2
Spending
$1,214,049

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Snnpr (yetebon) EthiopiaProgram ServicesHealthcare & Educate12$950,901
Amhara (chacha) EthiopiaProgram ServicesDairy Cattle--$144,993
Oromia (legetafo) EthiopiaProgram ServicesCHILDRENS' INSTITUTE--$118,155
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Demeke Telke-woldCo FounderRent for USA FacilitNo$24,000
Demeke Telke-woldCo FounderRent for Ethiopia FaNo$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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 2

Demeke telke-wold marta gabre-tsadick co-ceo ceo spouse bete demeke marta gabre-tsadick director ceo son priscilla brown marta gabre-tsadick director ceo daughter

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

The form 990 is distributed to the board members for review and approval before filing.

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

Officers, directors, and key employees sign a conflict of interest policy annually that are maintained in the fort wayne, indiana offices.

Form 990, Page 6, Part VI, Line 17

Massachusetts, maryland, maine, michigan, minnesota, missouri, new hampshire, new jersey, north carolina, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, virginia, washington, west virginia, wisconsin

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request. They are sent via regular mail or email depending on the request of the intended recipient.

Filing and Contact Details

Filer

Filer Name
Project Mercy Inc
EIN
35-1410753
Phone
2607472559
Address
7011 ARDMORE AVENUE, FORT WAYNE, IN 46809

Signing Officer

Name
Bete Demeke
Title
President/vice-chair
Phone
2607472559
Signed
2017-04-26

Organization Details

Principal Officer
Bete Demeke
Formed
1977
Legal Domicile
In
Voting Board Members
13
Independent Board Members
9
Employees
11
Volunteers
147

Preparer

Firm
The Seigel Group LLC
Address
116 W 6TH ST, AUBURN, IN 46706-1739
Preparer
Kenneth W Seigel CPA
Phone
2609251619
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The vision of project mercy is to renew the heart of a nation by freeing people from physical and spiritual poverty. The mission of the organization is to transform how people live and think and build strong, self-sufficient communities in ethiopia and beyond through new knowledge, bether health, sustainable food sources and strengthened character for all people as a living example of the love of jesus christ. This international ministry was started in 1977 to provide emergency relief and relocation assistance to ethiopian refugees. The ministry grew to reach to a number of additional countries including ivory coast, djibouti, guinea, iraq, kenya, malawi and sudan. In 1993 the organization shifted its focus to creating a relief and community development model. They have taken an integrated and holistic community development approach in aiding rural communities in ethiopia witha variety of programs to address both the physical and spiritual needs of the areas.

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

Decrease infant mortality rates by training nurse midwives to assist birthing mothers deliver healthy babies in remote, rural areas. At the end of its first year, the health science college successfully graduated 100% of its students - all of whom passed the certification of competency exams administed by the government.

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

Although not yet operational, there are several construction initiatives that are happening in legatafo. New roads are being built throughout the community. The children's institute is currently being developed and the first section of six homes is nearly complete. While the children's institute in legatafo is under construction, project mercy is caring for 34 vulnerable children in yetebon who all have the opportunity to attend school, enjoy three hot meals per day, and have access to routine medical care.

Form 990, Part V, Line 4B

ETHIOPIA

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Use of the endowment fund is to assist in the maintenance operations of the hospital and clinic in yetebon, ethiopia. Following year ending december 31, 2015, permission was given by the original donors of the endowment fund to transfer money to operations in 2016.

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IRS990/ActivityOrMissionDesc0THE VISION OF PROJECT MERCY IS TO RENEW THE HEART OF A NATION BY FREEING PEOPLE FROM PHYSICAL AND SPIRITUAL POVERTY. THE MISSION OF THE ORGANIZATION IS TO TRANSFORM HOW PEOPLE LIVE AND THINK AND BUILD STRONG, SELF-SUFFICIENT COMMUNITIES IN ETHIOPIA AND BEYOND THROUGH NEW KNOWLEDGE, BETHER HEALTH, SUSTAINABLE FOOD SOURCES AND STRENGTHENED CHARACTER FOR ALL PEOPLE AS A LIVING EXAMPLE OF THE LOVE OF JESUS CHRIST. THIS INTERNATIONAL MINISTRY WAS STARTED IN 1977 TO PROVIDE EMERGENCY RELIEF AND RELOCATION ASSISTANCE TO ETHIOPIAN REFUGEES. THE MINISTRY GREW TO REACH TO A NUMBER OF ADDITIONAL COUNTRIES INCLUDING IVORY COAST, DJIBOUTI, GUINEA, IRAQ, KENYA, MALAWI AND SUDAN. IN 1993 THE ORGANIZATION SHIFTED ITS FOCUS TO CREATING A RELIEF AND COMMUNITY DEVELOPMENT MODEL. THEY HAVE TAKEN AN INTEGRATED AND HOLISTIC COMMUNITY DEVELOPMENT APPROACH IN AIDING RURAL COMMUNITIES IN ETHIOPIA WITHA VARIETY OF PROGRAMS TO ADDRESS BOTH THE PHYSICAL AND SPIRITUAL NEEDS OF THE AREAS.
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IRS990/MissionDesc0THE VISION OF PROJECT MERCY IS TO RENEW THE HEART OF A NATION BY FREEING PEOPLE FROM PHYSICAL AND SPIRITUAL POVERTY. THE MISSION OF THE ORGANIZATION IS TO TRANSFORM HOW PEOPLE LIVE AND THINK AND BUILD STRONG, SELF-SUFFICIENT COMMUNITIES IN ETHIOPIA AND BEYOND THROUGH NEW KNOWLEDGE, BETHER HEALTH, SUSTAINABLE FOOD SOURCES AND STRENGTHENED CHARACTER FOR ALL PEOPLE AS A LIVING EXAMPLE OF THE LOVE OF JESUS CHRIST. THIS INTERNATIONAL MINISTRY WAS STARTED IN 1977 TO PROVIDE EMERGENCY RELIEF AND RELOCATION ASSISTANCE TO ETHIOPIAN REFUGEES. THE MINISTRY GREW TO REACH TO A NUMBER OF ADDITIONAL COUNTRIES INCLUDING IVORY COAST, DJIBOUTI, GUINEA, IRAQ, KENYA, MALAWI AND SUDAN. IN 1993 THE ORGANIZATION SHIFTED ITS FOCUS TO CREATING A RELIEF AND COMMUNITY DEVELOPMENT MODEL. THEY HAVE TAKEN AN INTEGRATED AND HOLISTIC COMMUNITY DEVELOPMENT APPROACH IN AIDING RURAL COMMUNITIES IN ETHIOPIA WITHA VARIETY OF PROGRAMS TO ADDRESS BOTH THE PHYSICAL AND SPIRITUAL NEEDS OF THE AREAS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION WAS IDENTIFIED BY THE YETEBON COMMUNITY AS THE OTHER PRIORITY NEED, IN ADDITION TO HEALTH CARE. PROJECT MERCY OPENED THE FIRST-EVER YETEBON SCHOOL IN 1996 WITH 358 STUDENTS IN GRADES K-2. TODAY, NEARLY TWO DECADES LATER, THE SCHOOL EDUCATES NEARLY 1,600 STUDENTS IN GRADES K-12. TWO NEW CLASSROOM BLOCKS WERE OPENED IN 2014 TO ALLEVIATE OVER-CROWDED CLASSROOMS IN THE LOWER GRADES WHILE A NEW HIGH SCHOOL/PREPARATORY SCHOOL BUILDING WAS OPENED FOR THE UPPER GRADE STUDENTS. MANY GRADUATES OF THE HIGH SCHOOL HAVE GONE ON TO COLLEGE AND UNIVERSITY LEVELS AND ARE NOW EMPLOYED BY PROJECT MERCY AS TEACHERS, NURSES, SANITARIANS AND ACCOUNTANTS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0LAUNCHED IN 2006, THE CHACHA DAIRY CATTLE BREEDING PROJECT IS PROJECT MERCY'S PRIMARY FOCUS IN THE HIGHLANDS OF THE AMHARA REGION. CROSSBREEDING JERSEY WITH INDIGENOUS CATTLE HAS RESULTED IN INCREASED MILK PRODUCTION BY UP TO 12 QUARTS PER DAY, COMPARED TO THE 2 QUARTS PRODUCED BY THE LOCAL BREEDS. THE INCREASED MILK PRODUCTION IS IMPROVING CHILDREN'S NUTRITION AND ALSO PROVIDING HIGHER INCOMES FOR LOCAL FAMILIES. SINCE 2013 THERE HAVE BEEN 53 HEIFERS DISTRIBUTED TO LOCAL FAMILIES. THOSE WHO RECEIVED HEIFERS, ALONG WITH OTHER FAMILIES, WERE PROVIDED TRAINING IN DAIRY FARM MANAGEMENT. THE LONG-TERM GOAL OF THIS PROJECT IS TO DISTRIBUTE 1,000 CROSS-BRED COWS TO AREA FARMERS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ALTHOUGH NOT YET OPERATIONAL, THERE ARE SEVERAL CONSTRUCTION INITIATIVES THAT ARE HAPPENING IN LEGATAFO. NEW ROADS ARE BEING BUILT THROUGHOUT THE COMMUNITY. THE CHILDREN'S INSTITUTE IS CURRENTLY BEING DEVELOPED AND THE FIRST SECTION OF SIX HOMES IS NEARLY COMPLETE. WHILE THE CHILDREN'S INSTITUTE IN LEGATAFO IS UNDER CONSTRUCTION, PROJECT MERCY IS CARING FOR 34 VULNERABLE CHILDREN IN YETEBON WHO ALL HAVE THE OPPORTUNITY TO ATTEND SCHOOL, ENJOY THREE HOT MEALS PER DAY, AND HAVE ACCESS TO ROUTINE MEDICAL CARE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MERCHANDISE SALES 81,939 MISCELLANEOUS 37,126
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0USE OF THE ENDOWMENT FUND IS TO ASSIST IN THE MAINTENANCE OPERATIONS OF THE HOSPITAL AND CLINIC IN YETEBON, ETHIOPIA. FOLLOWING YEAR ENDING DECEMBER 31, 2015, PERMISSION WAS GIVEN BY THE ORIGINAL DONORS OF THE ENDOWMENT FUND TO TRANSFER MONEY TO OPERATIONS IN 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
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