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Nonprofit · EIN 47-1170969

HEARTS OF MERCY INC

Tax-exempt · MANAHAWKIN, NJ 08050

Financials

$46K$44K2024
Revenue Expenses · by fiscal year end
Financials of HEARTS OF MERCY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-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.

NameTitleHours / weekCompensation
KRISTIN SANTORELLIExecutive Dir.5$3,600
MIKE MERCADONTEPresident5$0
ROBERT DURBOROWVice President5$0
TERRICK GRACETreasurer5$0
PATRICIA LATHOMSecretary5$0
PATRICIA MARTINOBOARD MEMBER1$0
JASON SITOMERBOARD MEMBER1$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
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.

990-EZ for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-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

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$45,914$44,343$15,050XML
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-EZDecember 2020–––IRS
990-EZDecember 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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