Civic Intelligence

Project Mercy Inc.

990 • Fiscal year 2020 • EIN 35-1410753

Jan 01, 2020 to Dec 31, 2020 • Filed on May 03, 2021

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

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$70,180

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

57th percentile

9.1%

Faster asset growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

41%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,426,586

Up $285,299 (+9.1%) from 2019

Net Assets

Up

$3,349,326

Up $217,213 (+6.9%) from 2019

Liabilities

Up

$77,260

Up $68,086 (+742%) from 2019

Revenue

Up

$1,953,894

Up $565,917 (+41%) from 2019

Expenses

Up

$1,736,681

Up $22,508 (+1.3%) from 2019

Net Income

Up

$217,213

Up $543,409 (+167%) from 2019

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

2020

Assets$3,426,586
Liabilities$77,260
Net Assets$3,349,326

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

2020

Revenue$1,953,894
Expenses$1,736,681
Net Income$217,213
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 3, 2021
Return Version
2020v4.0
Gross Receipts
$1,960,761
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 is to transform how people live and think and build strong, self-sufficient communities in ethiopia and beyond through new knowledge, better 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. At its peak, the ministry grew to reach seven countries in africa with its focus on assisting displaced refugees in djibouti, guinea, ivory coast, kenya, liberia, malawi, and sudan. In 1993 the organization shifted its focus to creating a relief and development model that can be used by others to help break the cycle of famine and poverty in communities. Project mercy is committed to making long-term, multi-generational impact. As such, our development interventions, develop

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,800,304$3,065,444▲ $265,140
Cash and Non-Interest-Bearing Accounts$215,623$231,248▲ $15,625
Land, Buildings, and Equipment, Net$48,841$52,401▲ $3,560
Inventories for Sale or Use$24,663$22,455▼ $2,208
Prepaid Expenses and Deferred Charges$4,548$7,730▲ $3,182
Total Assets$3,141,287$3,426,586▲ $285,299
Other Assets Total$47,308$47,308→ $0
Liabilities
Unsecured Notes Loans Payable-$65,727-
Accounts Payable and Accrued Expenses$9,174$11,533▲ $2,359
Total Liabilities$9,174$77,260▲ $68,086
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,708,141$2,084,860▲ $376,719
Net Assets With Donor Restrictions$1,423,972$1,264,466▼ $159,506
Total Net Assets Fund Balance$3,132,113$3,349,326▲ $217,213
Total Liabilities and Net Assets / Fund Balance$3,141,287$3,426,586▲ $285,299

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,404$49,236$65,640
Leasehold Improvements$35,834$18,666$54,500
Other Land Buildings$163$1,665$1,828

Endowment Activity

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

Employees

NameTitleFull / Part TimeBaseTotal
Marta Gabre-tsadickCEOFT$70,180$70,180

Board Members and Trustees

NameTitle
Bruce BaconChairman
Bete DemekePresident/vi
Dr Colleen KraftDirector
Dr Michael Van NoordDirector
Jennifer J AcklesDirector
Teresa WakeenDirector
Demeke Tekle-woldCo-CEO
Ed MemmenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,945,794
Program Service Revenue
$0
Investment Income
$3,631
Other Revenue
$4,469
All Other Contributions
$1,945,794
Change in Net Assets
$217,213

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,953,894
Revenue Not Reported on Form 990
$144,964
Total Revenue per Audited Statements
$2,098,858
Total Revenue per Form 990
$1,953,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,106,366
Salaries, Compensation, and Employee Benefits$434,492
Other Expenses$195,823
Total Fundraising Expense$133,417
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,106,366--$1,106,366
Other Salaries and Wages$107,701$105,448$75,330$288,479
Current Officers, Directors, Trustees, and Key Employees$52,635-$17,545$70,180
Occupancy$15,000$51,822-$66,822
Other Employee Benefits$8,663$21,774$9,703$40,140
Fees for Services Other-$35,451-$35,451
Payroll Taxes$12,359$8,248$7,205$27,812
Office Expenses$6,741$3,665$12,209$22,615
Fees for Services Accounting-$16,384-$16,384
Travel$8,728$163$2,961$11,852
Pension Plan Contributions$2,782$3,195$1,904$7,881
Depreciation Depletion$3,709$1,428$571$5,708
Conferences and Meetings-$4,121$115$4,236
Insurance-$4,113-$4,113
Other Expenses$6,808$2,426$3,568$3,568
All Other Expenses$2,202$648-$2,850
Fees for Services Legal$1,236--$1,236
Interest-$1-$1
Total Functional Expenses$1,344,377$258,887$133,417$1,736,681

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,881,645
Expenses per Audited Statements$1,736,681
Total Expenses per Form 990$1,736,681
Expenses Not Reported on Form 990$144,964
International Activity

International Summary

Offices
1
Employees
2
Spending
$1,106,366

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$874,379
Amhara (chacha) EthiopiaProgram ServicesDairy Cattle--$231,987
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 vice chair ceo son bete demeke demeke telke-wold vice chair co-ceo son

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
2021-05-03

Organization Details

Principal Officer
Bete Demeke
Formed
1977
Legal Domicile
In
Voting Board Members
9
Independent Board Members
6
Employees
9
Volunteers
10

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 is to transform how people live and think and build strong, self-sufficient communities in ethiopia and beyond through new knowledge, better 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. At its peak, the ministry grew to reach seven countries in africa with its focus on assisting displaced refugees in djibouti, guinea, ivory coast, kenya, liberia, malawi, and sudan. In 1993 the organization shifted its focus to creating a relief and development model that can be used by others to help break the cycle of famine and poverty in communities. Project mercy is committed to making long-term, multi-generational impact. As such, our development interventions, developed in partnership with the communities we serve, are designed to be holistic. Every project within the five key programs (education, healthcare, food security, vocation/skills, and infrastructure development), starts by working collaboratively with those in the community, as well as their regional government leaders to help identify critical gaps across multiple aspects of people's lives. Then, project mercy identifies potential solutions to the existing gaps and works with partners that possess deep expertise to develop a plan that identifies and addresses associated needs.

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

Healthcare project mercy built and runs the glenn c. Olsen memorial primary hospital. This 52-bed facility is equipped with diagnostic services, as well as wards for surgical, pediatric, delivery, and medical services. Coupled with a clinic in the school (the only clinic of its kind in rural community schools in ethiopia), project mercy provides end-to-end preventative and proactive community health services. A near-by "lie-in-wait house" serves expectant mothers diagnosed with complicated pregnancies. Midwives from the hospital provide regular check-ups and quick access to hospital services to the expectant mothers. The newly implemented community health education (che) program enables project mercy and the community to take all the investment that has been made in healthcare to date and build on it to strengthen the preventative practices of the people to stop common and communicable diseases before they start.

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

Food security the agricultural programs help by encouraging and teaching families to cultivate and consume vegetables and fruit tree products. In addition, project mercy has instituted dairy cattle breeding and poultry farming programs that enable rural families to produce higher quality and a higher quantity of milk and eggs. These food security measures are providing sustenance and a means of income. A new partnership with the royal jersey agricultural and horticultural society (rjahs) educates beneficiaries and stakeholders in livestock development on the value of the jersey breed, expands access to breeders and breeding bulls to serve smallholder farmers in chacha and fourteen surrounding kebeles (townships), and supports project mercy to strengthen its breeding program management capabilities.

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

Infrastructure project mercy provides community members needed access to community development services, the ability to reach critical healthcare services safely and quickly, use safe roads, bridges, clean water, and other facilities.

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 IS TO TRANSFORM HOW PEOPLE LIVE AND THINK AND BUILD STRONG, SELF-SUFFICIENT COMMUNITIES IN ETHIOPIA AND BEYOND THROUGH NEW KNOWLEDGE, BETTER 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. AT ITS PEAK, THE MINISTRY GREW TO REACH SEVEN COUNTRIES IN AFRICA WITH ITS FOCUS ON ASSISTING DISPLACED REFUGEES IN DJIBOUTI, GUINEA, IVORY COAST, KENYA, LIBERIA, MALAWI, AND SUDAN. IN 1993 THE ORGANIZATION SHIFTED ITS FOCUS TO CREATING A RELIEF AND DEVELOPMENT MODEL THAT CAN BE USED BY OTHERS TO HELP BREAK THE CYCLE OF FAMINE AND POVERTY IN COMMUNITIES. PROJECT MERCY IS COMMITTED TO MAKING LONG-TERM, MULTI-GENERATIONAL IMPACT. AS SUCH, OUR DEVELOPMENT INTERVENTIONS, DEVELOP
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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 IS TO TRANSFORM HOW PEOPLE LIVE AND THINK AND BUILD STRONG, SELF-SUFFICIENT COMMUNITIES IN ETHIOPIA AND BEYOND THROUGH NEW KNOWLEDGE, BETTER 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. AT ITS PEAK, THE MINISTRY GREW TO REACH SEVEN COUNTRIES IN AFRICA WITH ITS FOCUS ON ASSISTING DISPLACED REFUGEES IN DJIBOUTI, GUINEA, IVORY COAST, KENYA, LIBERIA, MALAWI, AND SUDAN. IN 1993 THE ORGANIZATION SHIFTED ITS FOCUS TO CREATING A RELIEF AND DEVELOPMENT MODEL THAT CAN BE USED BY OTHERS TO HELP BREAK THE CYCLE OF FAMINE AND POVERTY IN COMMUNITIES. PROJECT MERCY IS COMMITTED TO MAKING LONG-TERM, MULTI-GENERATIONAL IMPACT. AS SUCH, OUR DEVELOPMENT INTERVENTIONS, DEVELOP
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION EDUCATION IS A CORE COMPONENT OF OUR MODEL INTEGRATED INTO ALL OUR HOLISTIC PROGRAMS AND SERVICES. WE MEET BOTH PRIMARY AND SECONDARY EDUCATIONAL NEEDS TO THE RURAL COMMUNITIES WE SERVE (WITH NEARLY 1,700 STUDENTS IN GRADES K- 12) AND RUN A HEALTH SCIENCE COLLEGE TO TRAIN MIDWIFERY NURSES. ALSO, OUR SUPPORT FOR EDUCATION HAS REACHED FIVE OTHER SCHOOLS IN THREE REGIONS. VOCATION & SKILL PROJECT MERCY TRAINS THE MEN & WOMEN IN VIABLE TRADES THAT CAN HELP THEM EARN A FAIR INCOME AND INTRODUCES THE ARTISAN CULTURE THROUGH SKILLS TRAINING AND THE ESTABLISHMENT OF A VIABLE ASSOCIATION SO THEIR CRAFTS CAN BE MARKETED.
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IRS990/ProgSrvcAccomActy3Grp/Desc0FOOD SECURITY THE AGRICULTURAL PROGRAMS HELP BY ENCOURAGING AND TEACHING FAMILIES TO CULTIVATE AND CONSUME VEGETABLES AND FRUIT TREE PRODUCTS. IN ADDITION, PROJECT MERCY HAS INSTITUTED DAIRY CATTLE BREEDING AND POULTRY FARMING PROGRAMS THAT ENABLE RURAL FAMILIES TO PRODUCE HIGHER QUALITY AND A HIGHER QUANTITY OF MILK AND EGGS. THESE FOOD SECURITY MEASURES ARE PROVIDING SUSTENANCE AND A MEANS OF INCOME. A NEW PARTNERSHIP WITH THE ROYAL JERSEY AGRICULTURAL AND HORTICULTURAL SOCIETY (RJAHS) EDUCATES BENEFICIARIES AND STAKEHOLDERS IN LIVESTOCK DEVELOPMENT ON THE VALUE OF THE JERSEY BREED, EXPANDS ACCESS TO BREEDERS AND BREEDING BULLS TO SERVE SMALLHOLDER FARMERS IN CHACHA AND FOURTEEN SURROUNDING KEBELES (TOWNSHIPS), AND SUPPORTS PROJECT MERCY TO STRENGTHEN ITS BREEDING PROGRAM MANAGEMENT CAPABILITIES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0INFRASTRUCTURE PROJECT MERCY PROVIDES COMMUNITY MEMBERS NEEDED ACCESS TO COMMUNITY DEVELOPMENT SERVICES, THE ABILITY TO REACH CRITICAL HEALTHCARE SERVICES SAFELY AND QUICKLY, USE SAFE ROADS, BRIDGES, CLEAN WATER, AND OTHER FACILITIES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MERCHANDISE SALES 37,612 MISCELLANEOUS 11,926
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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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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1EDUCATION
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