Nonprofit · EIN 56-2178294
MEMORYCARE
Tax-exempt · ASHEVILLE, NC 28803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,137,637 | $3,254,055 | $883,582 | $18,308,087 | $288,056 | $18,020,031 |
| December 31, 2024 | 990 | $3,194,171 | $2,794,369 | $399,802 | $16,644,020 | $256,949 | $16,387,071 |
| December 31, 2023 | 990 | $3,173,181 | $2,540,724 | $632,457 | $15,689,996 | $310,971 | $15,379,025 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,269,392
- of which government grants
- $39,156
- Program service revenue
- $1,615,535
- Investment income
- $1,239,024
- Net gain from sales of assets
- $792,516
- Other revenue
- $13,686
Expenses
- Grants and similar amounts paid
- $174,233
- Compensation of officers, directors and key employees
- $135,975
- Other salaries and wages
- $1,869,610
- Salaries, compensation and benefits (total)
- $2,314,587
- Professional fundraising fees
- $0
- Accounting fees
- $21,440
- Occupancy
- $36,639
- Travel
- $2,740
- Depreciation
- $157,615
- Program services (functional)
- $2,785,316
- Management and general (functional)
- $317,404
- Fundraising (functional)
- $151,335
Balance sheet and other
- Total assets, start of year
- $16,644,020
- Total assets, end of year
- $18,308,087
- Total liabilities, end of year
- $288,056
- Net assets, end of year
- $18,020,031
- Land, buildings and equipment
- $2,672,441
- Publicly traded securities
- $9,022
- Net assets without donor restrictions
- $17,933,221
- Net assets with donor restrictions
- $86,810
- Gross receipts
- $4,137,637
- Employees
- 30
- Volunteers
- 18
- Year formed
- 2000
- State of legal domicile
- NC
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Erin Gordon DO | Associate Medical Director Key employee | 50 | $174,216 | $15,950 |
| Amy Cohen MD | Employee Highest-paid employee | 40 | $161,988 | $17,282 |
| Della Simon MD | Employee Highest-paid employee | 40 | $158,586 | $16,906 |
| Christine Gulden MHP | Executive Director Officer | 50 | $122,523 | $13,436 |
| Carlton D Johnson MD | Employee Highest-paid employee | 45 | $112,824 | $17,458 |
| Margaret Noel Morris MD - Ex Offici | Medical Director/Founder Key employee | 30 | $111,382 | $4,607 |
| Laura Meherg | President Trustee or director, Officer | 3 | $0 | $0 |
| Ryan Harman | Vice-President Trustee or director, Officer | 3 | $0 | $0 |
| Noel Swartz CPA | Treasurer/ Secretary Trustee or director, Officer | 3 | $0 | $0 |
| Georgia Crump LPN | Board Member Trustee or director | 2 | $0 | $0 |
| Ernest Ferguson | Board Member Trustee or director | 2 | $0 | $0 |
| Nancy Lauffer | Board Member Trustee or director | 2 | $0 | $0 |
| Doris Loomis | Board Member Trustee or director | 2 | $0 | $0 |
| Diane Mance | Board Member Trustee or director | 2 | $0 | $0 |
| Candy Shivers | Board Member Trustee or director | 2 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Whilden | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Carlton D Johnson MD | Employee Highest-paid employee | 45 | $160,469 | $26,647 |
| Erin Gordon DO | Associate Medical Director Key employee, Highest-paid employee | 50 | $161,473 | $13,250 |
| Margaret Noel Morris MD - Ex Offici | Medical Director/Founder Key employee, Highest-paid employee | 30 | $161,228 | $8,957 |
| Della Simon MD | Employee Highest-paid employee | 40 | $151,916 | $15,998 |
| Amy Cohen MD | Employee Highest-paid employee | 40 | $152,251 | $13,665 |
| Christine Gulden MHP | Executive Director Officer | 50 | $86,650 | $6,485 |
| Elizabeth Stavish MBA | Departing Executive Director Officer | 50 | $36,769 | $5,283 |
| Laura Meherg | President Trustee or director, Officer | 3 | $0 | $0 |
| Ryan Harman | Vice-President Trustee or director, Officer | 3 | $0 | $0 |
| Noel Swartz CPA | Treasurer/ Secretary Trustee or director, Officer | 3 | $0 | $0 |
| Georgia Crump LPN | Board Member Trustee or director | 2 | $0 | $0 |
| Faith Doyle | Board Member Trustee or director | 2 | $0 | $0 |
| Nancy Lauffer | Board Member Trustee or director | 2 | $0 | $0 |
| Doris Loomis | Board Member Trustee or director | 2 | $0 | $0 |
| Diane Mance | Board Member Trustee or director | 2 | $0 | $0 |
| Janet Moore MPS APR | Board Member Trustee or director | 2 | $0 | $0 |
| Candy Shivers | Board Member Trustee or director | 2 | $0 | $0 |
| David Whilden | Board Member Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Virginia Templeton MD | Co-Executive Director Officer, Key employee | 60 | $214,714 | $18,894 |
| Carlton D Johnson MD | Employee Highest-paid employee | 45 | $165,944 | $27,664 |
| Della Simon | Employee Highest-paid employee | 40 | $149,474 | $16,236 |
| Amy Cohen | Employee Highest-paid employee | 40 | $146,260 | $19,141 |
| Margaret Noel Morris MD - Ex Offici | Founder Highest-paid employee | 35 | $130,077 | $15,509 |
| Elizabeth Stavish MD | Co-Executive Director Officer, Key employee | 50 | $86,574 | $14,771 |
| Andrew Atherton Esq | President Trustee or director, Officer | 3 | $0 | $0 |
| Sherri Metzger | Vice-President Trustee or director, Officer | 3 | $0 | $0 |
| Noel Swartz CPA | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Laura Meherg | Secretary Trustee or director, Officer | 3 | $0 | $0 |
| Becky Anderson | Board Member Trustee or director | 2 | $0 | $0 |
| Georgia Crump LPN | Board Member Trustee or director | 2 | $0 | $0 |
| Faith Doyle | Board Member Trustee or director | 2 | $0 | $0 |
| Ryan Harman | Board Member Trustee or director | 2 | $0 | $0 |
| Nancy Lauffer | Board Member Trustee or director | 2 | $0 | $0 |
| Janet Moore MPS APR | Board Member Trustee or director | 2 | $0 | $0 |
| David Whilden | Board Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 FAR HORIZONS LN, ASHEVILLE, NC 28803-2046
- In care of
- % GIVENS ESTATES
- Principal officer (990 for 2025)
- Laura Meherg, 100 Far Horizons Lane, Asheville, NC 28803
- Signed the 990
- Christine Gulden, Executive Director
- Phone
- (828) 771-2219
- Website
- www.memorycare.org
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
MemoryCares mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling, and improved access to services; and to provide community education.
Program accomplishments
- MemoryCare provides community-based outpatient services using an integrated model of care for people with dementia and that includes families throughout their care. For 25 years we have provided the highest quality care using a model that integrates family support and structured education with the most current and best practice medical care of adults with dementia. . In 2025, our clinical teams provided comprehensive services to 1,251 patients and 3,578 caregivers throughout our core clinical program. Services were provided at our main clinic site in Asheville, NC and at our satellite clinic in Waynesville, and through our home visit program.Expenses $2,785,316 · grants $174,233 · revenue $1,615,535
- Our educational programming is designed to offer information about dementia and dementia related topics, caregiving, and aging-related health issues. We also strive to teach professional health students and providers on these topics to better equip our healthcare workforce with knowledge related to dementia and supporting caregivers. In 2025 MemoryCare facilitated 119 educational programs and presentations reaching 1,856 individuals.
- Our caregiver support services include peer support groups offered weekly in a virtual setting. In 2025 MemoryCare increased the offering of these services by adding a weekly evening support group to further opportunities for caregivers to connect with their peers. Using an electronic newsletter to provide relevant information and dementia specific content provided success with connecting to 5,099 readers. These opportunities for connection and education help MemoryCare build resilience in our caregivers.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2178294
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E32)
- Assets (IRS master file)
- $18,308,087
- Income (IRS master file)
- $4,137,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,137,637 | $3,254,055 | $18,308,087 | XML |
| 990 | December 2024 | $3,194,171 | $2,794,369 | $16,644,020 | XML |
| 990 | December 2023 | $3,173,181 | $2,540,724 | $15,689,996 | XML |
| 990 | December 2022 | $3,073,049 | $2,437,381 | $13,991,458 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 56-2178294).
Questions about MEMORYCARE
- What is the EIN of MEMORYCARE?
- The employer identification number (EIN) of MEMORYCARE is 56-2178294.
- Is MEMORYCARE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to MEMORYCARE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEMORYCARE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMORYCARE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMORYCARE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MEMORYCARE?
- The 990 for the year ended December 31, 2025 names Laura Meherg.
- Who are the officers and directors of MEMORYCARE?
- The 990 for the year ended December 31, 2025 lists 16 people; 6 received compensation from the organization, the highest $174,216 (Erin Gordon DO, Associate Medical Director).
- How much revenue does MEMORYCARE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,137,637, expenses of $3,254,055 and total assets of $18,308,087 at year end.
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