Mercy Connections INC

Burlington, VTUnknown exempt organizationEIN 03-0369962Revenue $484K in FY2024

On file with the IRSmercyconnections.org255 South Champlain Street Suite 8 · Burlington, VT

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

87¢ of each $1 spent went to programs.
Run by 87 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $149K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Named funders
4
named funders · $314K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$484K
-63% vs prior year
Spent
$2.3M
To programs
87%
Net assets
$0
By yearFY2020–FY2024
Revenue
$484K
FY2024▼ -63%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.3M
FY2022$1.6M
FY2023$1.2M
FY2024$1.3M
FY2024$484K
Expenses
$2.3M
FY2024▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$914K
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$1.5M
FY2024$2.3M
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.9M
FY2023$1.9M
FY2024$1.8M
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $2.0M Management & general 6% · $145K Fundraising 6% · $137K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$109,005Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lisa Falcone$109,005$96,993$88,460$84,450$86,349$82,020

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers people to change their lives through education, mentoring, and entrepreneurship.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2024
01

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.

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 5 grants · $59K · 2019–2023
Unitemized GrantFY2023$12,390
Unitemized GrantFY2022$21,065
Unitemized GrantFY2021$6,464
Unitemized GrantFY2020$12,563
Unitemized GrantFY2019$6,630

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$484K
Ln 12
Gifts and grantsLn 1h$440K
Fees for servicesLn 2g$26K
Investment incomeLn 3$16K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$145K
Fundraisingcol D$137K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$440K
Government grantsLn 1e$66K
Fees for servicesLn 2g$26K
Investment incomeLn 3$16K
Other incomeLn 4–11$1K
Total revenueLn 12$484K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 520
VolunteersI 687
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Total assetsLn 16$1.8M$0
LiabilitiesLn 26$21K$0
Net assetsLn 32$1.8M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Grants to domestic individualsLn 2$4K$4K
Pay of current officers, directors and key staffLn 5$58K$26K$20K$12K
Other salaries and wagesLn 7$476K$358K$43K$75K
Pension plan contributionsLn 8$13K$10K$1K$2K
Other employee benefitsLn 9$70K$50K$8K$11K
Payroll taxesLn 10$40K$29K$5K$6K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$46K$11K$29K$7K
Advertising and promotionLn 12$13K$1K$239$12K
Office expensesLn 13$18K$11K$3K$4K
Information technologyLn 14$16K$13K$1K$2K
OccupancyLn 16$35K$28K$3K$4K
TravelLn 17$540$483$57
Depreciation, depletion and amortizationLn 22$14K$10K$2K$2K
InsuranceLn 23$4K$3K$345$420
Other expenses (24a–d)Ln 24$24K$22K$1K$226
Total functional expensesLn 25$2.3M$2.0M$145K$137K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.3M$1.5M−$214K$1.8M 990 PDF
FY2023 $1.2M$1.2M−$50K$1.9M 990 PDF
FY2022 $1.6M$1.1M$567K$1.9M 990 PDF
FY2021 $1.3M$1.0M$258K$1.4M 990 PDF
FY2020 $1.1M$914K$182K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $483,966 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,083,590$440,243
I-9 Program service revenuePrior year $73,245$26,250
I-10 Investment incomePrior year $55,188$16,136
I-11 Other revenuePrior year $80,954$1,337
I-12 Total revenuePrior year $1,292,977$483,966
I-13 Grants and similar amounts paidPrior year $12,390$1,404,040
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,174,177$656,683
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $320,458$197,631
I-18 Total expensesPrior year $1,507,025$2,258,354
I-19 Revenue less expensesPrior year −$214,048−$1,774,388
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $483,966 across 8 lines filed
VIII-1e Government grants$66,150
VIII-1f All other contributions, gifts and grants$374,093
VIII-1h Total contributions, gifts and grants$440,243
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $26,250$26,250
VIII-3 Investment incomeExcluded from tax $16,136$16,136
VIII-8 Net income from fundraising events$646
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $691$691
VIII-12 Total revenueRelated to mission $26,941 · Excluded from tax $16,136$483,966
Part IX · Statement of functional expenses $2,258,354 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $1,400,040$1,400,040
IX-2 Grants to domestic individualsPrograms $4,000$4,000
IX-5 Pay of current officers, directors and key staffPrograms $25,884 · Management $20,132 · Fundraising $11,504$57,520
IX-7 Other salaries and wagesPrograms $357,776 · Management $43,138 · Fundraising $75,433$476,347
IX-8 Pension plan contributionsPrograms $9,943 · Management $1,180 · Fundraising $2,036$13,159
IX-9 Other employee benefitsPrograms $50,213 · Management $8,249 · Fundraising $11,115$69,577
IX-10 Payroll taxesPrograms $28,858 · Management $4,809 · Fundraising $6,413$40,080
IX-11b Legal feesManagement $21,725$21,725
IX-11c Accounting feesManagement $2,600$2,600
IX-11f Investment management feesManagement $3,192$3,192
IX-11g Other fees for servicesPrograms $10,884 · Management $28,641 · Fundraising $6,710$46,235
IX-12 Advertising and promotionPrograms $1,457 · Management $239 · Fundraising $11,698$13,394
IX-13 Office expensesPrograms $11,080 · Management $3,184 · Fundraising $4,169$18,433
IX-14 Information technologyPrograms $12,798 · Management $1,439 · Fundraising $1,760$15,997
IX-16 OccupancyPrograms $27,521 · Management $3,203 · Fundraising $3,784$34,508
IX-17 TravelPrograms $483 · Fundraising $57$540
IX-22 Depreciation, depletion and amortizationPrograms $9,736 · Management $1,623 · Fundraising $2,164$13,523
IX-23 InsurancePrograms $3,057 · Management $345 · Fundraising $420$3,822
IX-24 Other expenses (24a–d)Programs $21,987 · Management $1,449 · Fundraising $226$23,662
IX-25 Total functional expensesPrograms $1,975,717 · Management $145,148 · Fundraising $137,489$2,258,354
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $1,777,470$0
X-26 Total liabilitiesStart of year $20,968$0
X-32 Total net assets or fund balancesStart of year $1,756,502$0
X-33 Total liabilities and net assetsStart of year $1,777,470$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$483,966
XI-2 Total expenses$2,258,354
XI-3 Revenue less expenses−$1,774,388
XI-4 Net assets at start of year$1,756,502
XI-5 Net unrealized gains (losses) on investments$17,886
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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