Nonprofit · EIN 47-1170969
HEARTS OF MERCY INC
Tax-exempt · MANAHAWKIN, NJ 08050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $45,914 | $44,343 | $1,571 | $15,050 | $12,521 | $2,529 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $32,059
- Investment income
- $24
- Net income from fundraising events
- $13,831
Expenses
- Compensation of officers, directors and key employees
- $3,600
- Salaries, compensation and benefits (total)
- $4,100
- Professional fees and payments to contractors
- $525
- Occupancy
- $24,149
- Printing, publications and postage
- $652
- Other expenses
- $14,917
- Program services (functional)
- $32,641
Balance sheet and other
- Total assets, start of year
- $22,028
- Total assets, end of year
- $15,050
- Total liabilities, end of year
- $12,521
- Net assets, end of year
- $2,529
- Cash, savings and investments
- $8,168
- Gross receipts
- $48,728
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTIN SANTORELLI | Executive Dir. | 5 | $3,600 |
| MIKE MERCADONTE | President | 5 | $0 |
| ROBERT DURBOROW | Vice President | 5 | $0 |
| TERRICK GRACE | Treasurer | 5 | $0 |
| PATRICIA LATHOM | Secretary | 5 | $0 |
| PATRICIA MARTINO | BOARD MEMBER | 1 | $0 |
| JASON SITOMER | BOARD MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 364 N MAIN ST STE 1, MANAHAWKIN, NJ 08050-3187
- Mailing address (990-N for 2023)
- 364 N MAIN ST STE 1, MANAHAWKIN NJ 08050
- Principal officer (990-N for 2023)
- KRISTIN SANTORELLI, 364 N MAIN ST STE 1, MANAHAWKIN NJ 08050
- Signed the 990-EZ
- KRISTIN SANTORELLI, Executive Director
- Phone
- (908) 783-0269
- Website
- WWW.HEARTS-OF-MERCY.ORG
- Return prepared by
- Jump Perry and Company LLP
Mission
To break the poverty cycle through learning and enrichment programs that motivate at-risk children to create a better tomorrow.
Program accomplishments
- Tutoring, mentoring and general wellness of underprivileged youth in the Barnegat area.Expenses $32,641
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 47-1170969
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $15,050
- Income (IRS master file)
- $48,728
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $45,914 | $44,343 | $15,050 | XML |
| 990-N for 2023 Officer: KRISTIN SANTORELLI | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2022 Officer: KRISTIN SANTORELLI | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Mark Santorellil | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1170969).
Questions about HEARTS OF MERCY INC
- What is the EIN of HEARTS OF MERCY INC?
- The employer identification number (EIN) of HEARTS OF MERCY INC is 47-1170969.
- Is HEARTS OF MERCY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to HEARTS OF MERCY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTS OF MERCY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of HEARTS OF MERCY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEARTS OF MERCY INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of HEARTS OF MERCY INC?
- The 990-N for 2023 names KRISTIN SANTORELLI.
- Who are the officers and directors of HEARTS OF MERCY INC?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $3,600 (KRISTIN SANTORELLI, Executive Dir.).
- How much revenue does HEARTS OF MERCY INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $45,914, expenses of $44,343 and total assets of $15,050 at year end.
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