Strings of Mercy INC EIN 47-4201708 Form 990 (PDF) Claim this org

Strings of Mercy INC FY2020 filing

Not yet claimed Claim this org →

Bring comfort and healing to those suffering through live therapeutic music. For fiscal year 2020 it reported $42K in revenue, $32K in expenses, and $26K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Hiawassee, GA
Website
stringsofmercy.org
Filings
5 on file (2020–2020)
Revenue
$42KFY2020
Expenses
$32K
Net assets
$26K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4201708 Public charity (501(c)(3)) Hiawassee, GA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Strings of Mercy INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Bring comfort and healing to those suffering through live therapeutic music.
Leadership
Charles a Beckman · Executive Di · $17K
Money in and out
$42K revenue, $32K expenses
Bottom line
67% program efficiency
Where the money goes · FY2020
Total revenue
$42K
Pt VIII · Ln 12
Total expenses
$32K
Pt IX · Ln 25
Net assets
$26K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $10K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.19 Fundraising $0.14
Program efficiency
67%
of spending reaches programs
Operating runway
9.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$42K
FY2020
Expenses
$32K
FY2020
Total assets
$26K
FY2020
Total liabilities
$315
FY2020
Total revenue
$42K
Pt VIII · Ln 12
Total expenses
$32K
Pt IX · Ln 25
Net assets
$26K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$10K
Total assetsPt X · Ln 16$26K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CStrings of Mercy INC
EINHdr · item D47-4201708
Principal addressHdr · item CHiawassee, GA
WebsiteHdr · item Jstringsofmercy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E86)
Ruling yearIRS BMFSep 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$17,335Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Charles a Beckman’s $24K as Executive Di is at the 58th percentile of top reported officer pay among 194 <$100K health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2020
Charles a Beckman$24,125$24,000$24,000$17,335

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.

See Strings of Mercy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $10K of program spending, described in the organization's own filed words · FY2020.
01

Certified music practitioners visit patients to play music for them and provide live therapeutic music to aid in comfort AND/OR recovery.

$10Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$31K · 74%
Program service revenue$11K · 25%
Contributions & grants74%$31K
Program service revenue25%$11K
Other revenue$110
— government grantsLn 1e$6K
Total revenueLn 12$42K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.19 Fundraising $0.14
Program services67%$21K
Management & general19%$6K
Fundraising14%$4K
Total functional expensesLn 25$32K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$26K
Total liabilitiesLn 26$315
Total net assetsLn 32$26K
Months of cash on handcomputed9.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $32K
9.8 months
Where the money goes
Program services
Program services $21K · Total expenses $32K
67%
Management & General
Management & general $6K · Total expenses $32K
19%
Fundraising
Fundraising $4K · Total expenses $32K
14%
Cost to raise $1
Fundraising expense $4K · Solicited contributions $25K
$0.18 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $31K · Total revenue $42K
74%
Government reliance
Government grants $6K · Total revenue $42K
15%
Earned-income share
Program service revenue $11K · Total revenue $42K
25%
Investment reliance
Investment income $0 · Total revenue $42K
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $32K
33%
Growth & trend
Revenue growth (YoY)
This year $42K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $26K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $42K · Expenses $32K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $26K
Net-asset ratio
Net assets $26K · Total assets $26K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $26K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles a Beckman · Reported title EXECUTIVE DI · Highest reported compensation $17K · Total expenses $32K
54%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $19K · Total expenses $32K
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 19%
Fundraising cost ratio 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$22

Similar Organizations

Closest in mission — by what they do
See all organizations like Strings of Mercy INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$98K revenue · ⤓ 990 PDF
FY2024$78K revenue · ⤓ 990 PDF
FY2023$61K revenue · ⤓ 990 PDF
FY2022$69K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$42K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.