Overview

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Est.

2014

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

MOTHER OF MERCY FOUNDATION INC is a nonprofit organization focused on promoting the Catholic devotion to Our Lady of America, with its historic origins at their property. Established in June 2018, the foundation has undertaken significant restoration efforts to prepare for pilgrims, with an operating budget of $329.6K and total revenue of $531K for the filing year 2024. The organization does not rely on a single funder for more than 50% of its revenue, ensuring a diverse funding base for its mission. More information can be found on their website, patronessofamerica.org.

Mission Statement

IN JUNE OF 2018, THE ORGANIZATION BECAME AWARE OF THE GROWING INTEREST IN CATHOLIC DEVOTION TO OUR LADY OF AMERICA, THE IMMACULATE VIRGIN, PATRONESS OF AMERICA WHICH HAS ITS HISTORIC ORIGIN AT OUR PROPERTY. WE ALSO WERE INFORMED THAT CATHOLIC BISHOP KEVIN C. RHOADES, BISHOP OF FORT WAYNE SOUTH BEND HAD FORMED A COMMISSION TO STUDY THE DEVOTION. AS A RESULT, THE BOARD WAS EXPANDED WITH A FOCUS TO RECOVER THE CHAPEL AND BUILDINGS IN PREPARATION FOR RECEIVING PILGRIMS. WITH THAT, A PLAN WAS UNDERTAKEN TO RECOVER THE BUILDING WHICH WAS MOSTLY VACANT FOR 10 YEARS. MAJOR BENEFACTORS WERE ACQUIRED FOR THIS WORK. 2019 WAS ALMOST ENTIRELY REMEDIATION OF MOLD, REMOVE NON-HISTORIC BUILDINGS, CLEAN OUT, ASSESSMENT OF MECHANICAL SYSTEMS, ROOF MAINTENANCE AND DRYING OUT THE BUILDINGS. 2020 IS EXPECTED TO BE RENOVATION OF KEY PUBLIC AREAS, INSTALLATION OF MECHANICAL SYSTEMS WITH EXPECTED OPENING TO PILGRIMS IN THE FALL. ON MAY 7, 2020, BISHOP RHOADES AND 5 OTHER U.S. BISHOPS DECLARED THE DEVOTION TO
Revenues
$531K
Expenses
$329.6K
Net Income:
+$201.4K
Assets
$1.8M
Liabilities
$11.2K
Net Assets:
+$1.8M
Operating Budget
$329.6K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$31.9K
Largest grant received
$56.1K
J
John Dolan
Board Member
T
Terrence Kopp
Board Member
I
Irvin Kloska
Board Member

Frequently Asked Questions

What is MOTHER OF MERCY FOUNDATION INC’s budget?
In 2024, MOTHER OF MERCY FOUNDATION INC reported an annual operating budget of around $330 thousand. More detailed financial information is available to registered users.
What causes does MOTHER OF MERCY FOUNDATION INC support?
MOTHER OF MERCY FOUNDATION INC supports work in Christianity.
Where does MOTHER OF MERCY FOUNDATION INC operate?
MOTHER OF MERCY FOUNDATION INC is headquartered in Rome City, IN.
Who funded MOTHER OF MERCY FOUNDATION INC recently?
In 2024, MOTHER OF MERCY FOUNDATION INC received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND, DONOR ADVISED CHARITABLE GIVING INC, and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant MOTHER OF MERCY FOUNDATION INC received in 2024?
The largest grant to MOTHER OF MERCY FOUNDATION INC in 2024 exceeds $56 thousand.