Civic Intelligence

Memorycare Inc

990 • Fiscal year 2022 • EIN 56-2178294

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 26, 2023

Organization Profilewww.memorycare.org

View Organization Page

100 Far Horizons LaneAsheville, NC 28803

(828) 771-2219

Siviq Scores

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

Liabilities / Assets

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2022 filings • NTEE E • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

16th percentile

0.08x

Higher debt load relative to revenue than 16% of similar nonprofits.

2022 filings • NTEE E • $10M-$25M nonprofits • Source year 2022

Net Margin

84th percentile

21%

Higher net margin than 84% of similar nonprofits.

2022 filings • NTEE E • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

30th percentile

$228,469

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2022 filings • NTEE E • $10M-$25M nonprofits • Source year 2022

Asset Growth

38th percentile

-6.6%

Faster asset growth than 38% of similar nonprofits.

2022 filings • NTEE E • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

30th percentile

-11%

Faster revenue growth than 30% of similar nonprofits.

2022 filings • NTEE E • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$13,991,458

Down $988,664 (-6.6%) from 2021

Net Assets

Down

$13,742,902

Down $958,053 (-6.5%) from 2021

Liabilities

Down

$248,556

Down $30,611 (-11%) from 2021

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin84th percentile

Revenue

Down

$3,073,049

Down $378,135 (-11%) from 2021

Expenses

Up

$2,437,381

Up $218,400 (+9.8%) from 2021

Net Income

Down

$635,668

Down $596,535 (-48%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $4,222,761Liabilities 2011: $58,488Net Assets 2011: $4,164,2732011Assets 2012: $5,224,402Liabilities 2012: $10,226Net Assets 2012: $5,214,1762012Assets 2013: $5,541,518Liabilities 2013: $23,146Net Assets 2013: $5,518,3722013Assets 2014: $5,885,733Liabilities 2014: $16,103Net Assets 2014: $5,869,6302014Assets 2015: $5,859,614Liabilities 2015: $21,407Net Assets 2015: $5,838,2072015Assets 2016: $7,284,953Liabilities 2016: $25,240Net Assets 2016: $7,259,7132016Assets 2017: $9,123,209Liabilities 2017: $20,998Net Assets 2017: $9,102,2112017Assets 2018: $9,639,747Liabilities 2018: $34,232Net Assets 2018: $9,605,5152018Assets 2019: $10,992,403Liabilities 2019: $256,558Net Assets 2019: $10,735,8452019Assets 2020: $13,114,913Liabilities 2020: $232,094Net Assets 2020: $12,882,8192020Assets 2021: $14,980,122Liabilities 2021: $279,167Net Assets 2021: $14,700,9552021Assets 2022: $13,991,458Liabilities 2022: $248,556Net Assets 2022: $13,742,9022022Assets 2023: $15,689,996Liabilities 2023: $310,971Net Assets 2023: $15,379,0252023Assets 2024: $16,644,020Liabilities 2024: $256,949Net Assets 2024: $16,387,0712024

Highlighted filing

2022

Assets$13,991,458
Liabilities$248,556
Net Assets$13,742,902
Open 2022 Filing

Operations Trend

Revenue Growth30th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $1,121,233Expenses 2011: $1,013,515Net Income 2011: $107,7182011Expenses 2012: $1,123,7972012Revenue 2013: $1,611,108Expenses 2013: $1,229,785Net Income 2013: $381,3232013Revenue 2014: $1,503,763Expenses 2014: $1,221,948Net Income 2014: $281,8152014Revenue 2015: $1,477,730Expenses 2015: $1,418,735Net Income 2015: $58,9952015Revenue 2016: $2,692,174Expenses 2016: $1,414,866Net Income 2016: $1,277,3082016Revenue 2017: $2,814,759Expenses 2017: $1,500,073Net Income 2017: $1,314,6862017Revenue 2018: $2,420,673Expenses 2018: $1,588,816Net Income 2018: $831,8572018Revenue 2019: $2,459,138Expenses 2019: $1,789,464Net Income 2019: $669,6742019Revenue 2020: $3,661,833Expenses 2020: $2,112,798Net Income 2020: $1,549,0352020Revenue 2021: $3,451,184Expenses 2021: $2,218,981Net Income 2021: $1,232,2032021Revenue 2022: $3,073,049Expenses 2022: $2,437,381Net Income 2022: $635,6682022Revenue 2023: $3,173,181Expenses 2023: $2,540,724Net Income 2023: $632,4572023Revenue 2024: $3,194,171Expenses 2024: $2,794,369Net Income 2024: $399,8022024

Highlighted filing

2022

Revenue$3,073,049
Expenses$2,437,381
Net Income$635,668
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 26, 2023
Return Version
2022v5.0
Gross Receipts
$3,073,049
Mission and Program Overview

Mission

MemoryCare's mission is three-fold: to provide specialized medical care to older adults with cognitive loss; to support caregivers with education, counseling, and improved access to services; and to provide community education.

MemoryCare's mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling and...(See entire mission statement on page 2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,273,100$3,116,748▼ $156,352
Investments Other Securities$1,610,124$1,230,394▼ $379,730
Cash and Non-Interest-Bearing Accounts$635,197$507,437▼ $127,760
Pledges and Grants Receivable$62,818$233,321▲ $170,503
Savings and Temporary Cash Investments$375,838$172,375▼ $203,463
Investments in Publicly Traded Securities-$108,690-
Accounts Receivable$112,559$59,836▼ $52,723
Prepaid Expenses and Deferred Charges$49,820$55,393▲ $5,573
Total Assets$14,980,122$13,991,458▼ $988,664
Other Assets Total$8,860,666$8,507,264▼ $353,402
Liabilities
Deferred Revenue$266,024$243,188▼ $22,836
Accounts Payable and Accrued Expenses$13,143$5,368▼ $7,775
Total Liabilities$279,167$248,556▼ $30,611
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,441,529$13,550,485▼ $891,044
Net Assets With Donor Restrictions$259,426$192,417▼ $67,009
Total Net Assets Fund Balance$14,700,955$13,742,902▼ $958,053
Total Liabilities and Net Assets / Fund Balance$14,980,122$13,991,458▼ $988,664

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,002,943$559,138$3,562,081
Equipment$113,805$250,422$364,227
Land$0--
Other Assets Org$8,507,264--
Other Securities$1,230,394--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$8,860,666$960,937▼ $1,250,441-$8,507,264
2021$7,280,168$692,768▲ $946,877-$8,860,666
2020$5,007,617$1,470,396▲ $846,219-$7,280,168
2019$4,238,922$299,895▲ $766,411$273,487$5,007,617
2018$4,475,767-▼ $213,476-$4,238,922
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Virginia Templeton MDExecutive DirectorFT$210,000$18,469$228,469
Virginia Templeton MD--$210,000$18,469$228,469
Carlton D Johnson MDEmployeeFT$170,245$27,169$197,414
Carlton D Johnson MD--$170,245$27,169$197,414
Amy CohenEmployeeFT$143,316$15,813$159,129
Amy Cohen--$143,316$15,813$159,129
Della SimonEmployeeFT$141,058$15,699$156,757
Della Simon--$141,058$15,699$156,757
Margaret N Morris MD - Ex OfficioFounderFT$124,409$15,029$139,438

Board Members and Trustees

NameTitle
Andrew Atherton EsqPresident
Sherri MetzgerVice-President
Becky AndersonBoard Member
Claire SmithBoard Member
Faith DoyleBoard Member
Georgia Crump LPNBoard Member
Janet Moore MPS APRBoard Member
Laura MehergBoard Member
Nancy LaufferBoard Member
Ryan HarmanBoard Member
Sok Heang Cheng CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,581,323
Program Service Revenue
$1,113,652
Investment Income
$359,299
Other Revenue
$18,775
All Other Contributions
$1,441,000
Change in Net Assets
$635,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,009,151
Revenue Not Reported on Financial Statements
$63,898
Revenue Not Reported on Form 990
$-1,511,273
Total Revenue per Audited Statements
$1,497,878
Total Revenue per Form 990
$3,073,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,896,689
Other Expenses$540,692
Total Fundraising Expense$119,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,297,191$46,098$55,194$1,398,483
Current Officers, Directors, Trustees, and Key Employees$160,202$34,329$34,329$228,860
Depreciation Depletion$149,627$16,625$0$166,252
Payroll Taxes$104,481$5,632$6,289$116,402
Other Employee Benefits$99,406$4,445$5,107$108,958
Fees for Service Investment Mgmnt Fees$0$63,898$0$63,898
Fees for Services Other$53,387$784$0$54,171
Insurance$44,008$288$324$44,620
Pension Plan Contributions$41,158$1,266$1,562$43,986
All Other Expenses$7,692$35,539$150$43,381
Office Expenses$33,722$1,595$1,634$36,951
Information Technology$33,888$945$953$35,786
Occupancy$13,840$5,173$833$19,846
Fees for Services Accounting$0$13,320$0$13,320
Travel$3,013$0$0$3,013
Other Expenses$2,344$0$0$2,344
Total Functional Expenses$2,084,292$233,811$119,278$2,437,381

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,455,931
Total Expenses per Form 990$2,437,381
Expenses per Audited Statements$2,373,483
Expenses Not Reported on Form 990$82,448
Expenses Not Reported on Financial Statements$63,898
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
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
MemoryCare Inc
EIN
56-2178294
Phone
8287712219
Address
100 Far Horizons Lane, Asheville, NC 28803

Signing Officer

Name
Virginia Templeton MD
Title
Executive Director
Phone
8287712219
Signed
2023-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Virginia Templeton MD
Formed
2000
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
28
Volunteers
4

Preparer

Firm
Corliss & Solomon Pllc
Address
242 CHARLOTTE ST SUITE 1, ASHEVILLE, NC 28801
Preparer
Todd Oldenburg
Phone
8282360206
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The board received a copy of the 990 and had an opportunity to have questions addressed prior to the 990 filing.”

Pt VI, Line 12C

“Board members are made aware of the conflict of interest policy by instruction at MemoryCare's annual meeting and the requirement that members sign a conflict of interest form annually.”

Pt VI, Line 15A

“The process for determining compensation for the executive director involves review of a regional medical salary and benefits survey and salary surveys from the NC Center for Nonprofits and NC Medical Group Managers.”

Pt VI, Line 15B

“The process for determining compensation for highly compensated employees involves review of a regional medical salary and benefits survey and salary surveys from the NC Center for Nonprofits and NC Medical Group Managers.”

Pt VI, Line 18

“Forms 990 are available on the IRS website and the website of many charity watch organizations, such as Guidestar. Form 990s and the organization's 1023 is available upon request.”

Pt VI, Line 19

“Governing documents, conflict of interest policy and audited financial statements are made available upon request.”

Financial Statement Notes

Pt X, Line 2

“MemoryCare is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organization's tax-exempt purpose may be subject to taxation as unrelated business income. The organization had no income from unrelated business activities in 2022 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Pt V, Line 4

“The "MemoryCare Flexible Endowment Fund" is a quasi-endowment designated by the Board of Directors to provide investment income for MemoryCare's operations.”

Raw XML AppendixShowing 400 of 698 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt013143
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05368
IRS990/AccountsReceivableGrp/BOYAmt0112559
IRS990/AccountsReceivableGrp/EOYAmt059836
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MemoryCare's mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling and...(See entire mission statement on page 2)
IRS990/AllOtherContributionsAmt01441000
IRS990/AllOtherExpensesGrp/FundraisingAmt0150
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt035539
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07692
IRS990/AllOtherExpensesGrp/TotalAmt043381
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0MemoryCare
IRS990/BooksInCareOfDetail/PhoneNum08287712219
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0100 Far Horizons Lane
IRS990/BooksInCareOfDetail/USAddress/CityNm0Asheville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028803
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0635197
IRS990/CashNonInterestBearingGrp/EOYAmt0507437
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt034329
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt034329
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0160202
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0228860
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01581323
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0359299
IRS990/CYOtherExpensesAmt0540692
IRS990/CYOtherRevenueAmt018775
IRS990/CYProgramServiceRevenueAmt01113652
IRS990/CYRevenuesLessExpensesAmt0635668
IRS990/CYSalariesCompEmpBnftPaidAmt01896689
IRS990/CYTotalExpensesAmt02437381
IRS990/CYTotalFundraisingExpenseAmt0119278
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03073049
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0266024
IRS990/DeferredRevenueGrp/EOYAmt0243188
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt016625
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0149627
IRS990/DepreciationDepletionGrp/TotalAmt0166252
IRS990/Desc0MemoryCare was established as a community-based, charitable non-profit organization to address the need for integrated care for people with dementia that includes families throughout the process of their care. Now in our 23rd year, we are nationally recognized as pioneers in dementia care, and remain the only program in Western Carolina that integrates family support and education with expert medical care of adults with dementia. In 2022, 99% of caregivers surveyed expressed satisfaction with MemoryCare's Program and 100% said they would recommend MemoryCare to others. MemoryCare is an out-patient, consultative program with the goal that families impacted by dementia can have the best possible quality of life. Dementia is a chronic, progressive illness that currently has no cure. All with the disease eventually require the help of others who themselves need support and education to manage as well as possible.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0259426
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0192417
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt028
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt02084292
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FederatedCampaignsAmt04950
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013320
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt013320
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0784
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt053387
IRS990/FeesForServicesOtherGrp/TotalAmt054171
IRS990/FeesForSrvcInvstMgmntFeesGrp/FundraisingAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt063898
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt063898
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt135.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt245.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt152.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt018469
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115029
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt227169
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt315813
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt415699
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0Virginia Templeton MD
IRS990/Form990PartVIISectionAGrp/PersonNm1Margaret N Morris MD - Ex Officio
IRS990/Form990PartVIISectionAGrp/PersonNm2Carlton D Johnson MD
IRS990/Form990PartVIISectionAGrp/PersonNm3Amy Cohen
IRS990/Form990PartVIISectionAGrp/PersonNm4Della Simon
IRS990/Form990PartVIISectionAGrp/PersonNm5Andrew Atherton Esq
IRS990/Form990PartVIISectionAGrp/PersonNm6Sherri Metzger
IRS990/Form990PartVIISectionAGrp/PersonNm7Sok Heang Cheng CPA
IRS990/Form990PartVIISectionAGrp/PersonNm8Becky Anderson
IRS990/Form990PartVIISectionAGrp/PersonNm9Georgia Crump LPN
IRS990/Form990PartVIISectionAGrp/PersonNm10Faith Doyle
IRS990/Form990PartVIISectionAGrp/PersonNm11Ryan Harman
IRS990/Form990PartVIISectionAGrp/PersonNm12Nancy Lauffer
IRS990/Form990PartVIISectionAGrp/PersonNm13Laura Meherg
IRS990/Form990PartVIISectionAGrp/PersonNm14Janet Moore MPS APR
IRS990/Form990PartVIISectionAGrp/PersonNm15Claire Smith
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0210000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1124409
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2170245
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3143316
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4141058
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Founder
IRS990/Form990PartVIISectionAGrp/TitleTxt2Employee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Employee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Employee
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice-President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0186343
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0135373
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0186343
IRS990/GrossReceiptsAmt03073049
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0953
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0945
IRS990/InformationTechnologyGrp/ProgramServicesAmt033888
IRS990/InformationTechnologyGrp/TotalAmt035786
IRS990/InsuranceGrp/FundraisingAmt0324
IRS990/InsuranceGrp/ManagementAndGeneralAmt0288
IRS990/InsuranceGrp/ProgramServicesAmt044008
IRS990/InsuranceGrp/TotalAmt044620
IRS990/InvestmentIncomeGrp/ExclusionAmt0172956
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0172956
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01610124
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01230394
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0108690
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0809560
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03273100
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03116748
IRS990/LandBldgEquipCostOrOtherBssAmt03926308
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MemoryCare's mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling, and improved access to services; and to provide community education.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014700955
IRS990/NetAssetsOrFundBalancesEOYAmt013742902
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0186343
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0186343
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1593721
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt014441529
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt013550485
IRS990/NoncashContributionsAmt015173
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0833
IRS990/OccupancyGrp/ManagementAndGeneralAmt05173
IRS990/OccupancyGrp/ProgramServicesAmt013840
IRS990/OccupancyGrp/TotalAmt019846
IRS990/OfficeExpensesGrp/FundraisingAmt01634
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01595
IRS990/OfficeExpensesGrp/ProgramServicesAmt033722
IRS990/OfficeExpensesGrp/TotalAmt036951
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08860666
IRS990/OtherAssetsTotalGrp/EOYAmt08507264
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05107
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04445
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt099406
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0108958
IRS990/OtherExpensesGrp/Desc0Development/Outreach
IRS990/OtherExpensesGrp/Desc1Resource Center/Support Group
IRS990/OtherExpensesGrp/Desc2Professional Development
IRS990/OtherExpensesGrp/Desc3Clinical Supplies
IRS990/OtherExpensesGrp/FundraisingAmt012903
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02581
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21293
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt011199
IRS990/OtherExpensesGrp/ProgramServicesAmt16287
IRS990/OtherExpensesGrp/ProgramServicesAmt222847
IRS990/OtherExpensesGrp/ProgramServicesAmt32344
IRS990/OtherExpensesGrp/TotalAmt026683
IRS990/OtherExpensesGrp/TotalAmt16287
IRS990/OtherExpensesGrp/TotalAmt224140
IRS990/OtherExpensesGrp/TotalAmt32344
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt018775
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018775
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt018775
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt055194
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046098
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01297191
IRS990/OtherSalariesAndWagesGrp/TotalAmt01398483
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06289
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05632
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104481
IRS990/PayrollTaxesGrp/TotalAmt0116402
IRS990/PensionPlanContributionsGrp/FundraisingAmt01562
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01266
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt041158
IRS990/PensionPlanContributionsGrp/TotalAmt043986
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt062818
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0233321
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt049820
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055393
IRS990/PrincipalOfficerNm0Virginia Templeton MD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621110
IRS990/ProgramServiceRevenueGrp/BusinessCd1624100
IRS990/ProgramServiceRevenueGrp/Desc0Patient Care Fees
IRS990/ProgramServiceRevenueGrp/Desc1Caregiver Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0610759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1502893
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0Utilizing a multidisciplinary, our care teams provide diagnostic work-up, disease management planning,training and medical assistance to handle challenging behaviors and safety concerns, and caregiver education, counseling, and support. We help coodinate available community resources, assist low-income older adults with applications for medication assistance, and counsel individuals/families about end of life decision making. All families are provided a detailed written care plan that is amended as the illness progresses and have full access to our resource library and staff for educational material. In 2022, our staff provided comprehensive services to 1,137 patients and 3,479 caregivers through our core clinical program. Families were seen in our Asheville office, our rural satellite clinic in Waynesville, and through our home visit program in Buncombe County.
IRS990/ProgSrvcAccomActy3Grp/Desc042% of clients were low income by federal poverty standards. We are devoted to providing community education about dementia, caregiving,and aging-related health issues and teach professional health care students and providers on these topics as well. In 2022, we facilitated 165 presentations and reached 2,157 individuals through our educational programs, including 651 who attended our virtual education programs. Our MemoryCaregivers Network continued to offer three peer caregiver support groups to all caregivers of a loved one with dementia in the community. Our electronic newsletter with information about caregiving, resources, and local events was sent to 4,028 indivudals and, we maintain a Resource Library for the public with information about dementia, dementia care, healthy aging, and more. One hundred percent of MemoryCares staff, Board of Directors, and volunteers give in support of our program.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02061160
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0363189
IRS990/PYOtherExpensesAmt0489810
IRS990/PYOtherRevenueAmt023180
IRS990/PYProgramServiceRevenueAmt01003655
IRS990/PYRevenuesLessExpensesAmt01232203
IRS990/PYSalariesCompEmpBnftPaidAmt01729171
IRS990/PYTotalExpensesAmt02218981
IRS990/PYTotalRevenueAmt03451184
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0635668
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01132427
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0375838
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0172375
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0475001
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0961274
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0570993
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0789990
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0122315
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02919573
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Other Income 2018: 4604. 2019: 6395. 2020: 8299. 2021: 23180. 2022: 18775.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01581323
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02061160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02390974
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01471983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01495180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09000620

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,991,458
Liabilities
$248,556
Net assets
$13,742,902
Revenue
$3,073,049
Expenses
$2,437,381
Net income
$635,668
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$0.26$16.4$3.19$2.79$0.40
2023Summary only. Only limited summary data is available for this year.$15.7$0.31$15.4$3.17$2.54$0.63
2022Detailed filing. Detailed filing data is available for this year.$14.0$0.25$13.7$3.07$2.44$0.64
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$0.28$14.7$3.45$2.22$1.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$0.23$12.9$3.66$2.11$1.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.26$10.7$2.46$1.79$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.64$0.03$9.61$2.42$1.59$0.83
2017Summary only. Only limited summary data is available for this year.$9.12$0.02$9.10$2.81$1.50$1.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.28$0.03$7.26$2.69$1.41$1.28
2015Summary only. Only limited summary data is available for this year.$5.86$0.02$5.84$1.48$1.42$0.06
2014Detailed filing. Detailed filing data is available for this year.$5.89$0.02$5.87$1.50$1.22$0.28
2013Detailed filing. Detailed filing data is available for this year.$5.54$0.02$5.52$1.61$1.23$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.22$0.01$5.21$1.12
2011Summary only. Only limited summary data is available for this year.$4.22$0.06$4.16$1.12$1.01$0.11