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Nonprofiteer
← MEMORYCARE

Form 990 for tax year 2022

Filed by MEMORYCARE.

Totals

Total revenue
$3,073,049
Total expenses
$2,437,381
Contributions and grants received
$1,581,323
Grants paid
$0
Program service revenue
$1,113,652
Investment income
$359,299
Other revenue
$18,775
Total assets, end of year
$13,991,458
Total liabilities, end of year
$248,556
Net assets or fund balances, end of year
$13,742,902
Program services expenses (Part IX)
$2,084,292
Management and general expenses
$233,811
Fundraising expenses
$119,278
Program service expenses (Part III)
$2,084,292

Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $4,950

  • 1e · Government grants (contributions)

    $135,373

  • 1f · All other contributions, gifts and grants

    $1,441,000

  • 1g · Noncash contributions included above

    $15,173

  • 2a · Program service revenue: Patient Care Fees

    total $610,759 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Caregiver Fees

    total $502,893 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $172,956 · unrelated business $0 · excluded $172,956

  • 7a · Gross sales of assets other than inventory

    securities $186,343

  • 7c · Gain or loss

    securities $186,343

  • 7d · Net gain or loss

    total $186,343 · related or exempt $0 · unrelated business $0 · excluded $186,343

  • 11a · Other revenue: Miscellaneous Revenue

    total $18,775 · related or exempt $18,775 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $18,775

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $228,860 · program services $160,202 · management and general $34,329 · fundraising $34,329

  • 7 · Other salaries and wages

    total $1,398,483 · program services $1,297,191 · management and general $46,098 · fundraising $55,194

  • 8 · Pension plan contributions

    total $43,986 · program services $41,158 · management and general $1,266 · fundraising $1,562

  • 9 · Other employee benefits

    total $108,958 · program services $99,406 · management and general $4,445 · fundraising $5,107

  • 10 · Payroll taxes

    total $116,402 · program services $104,481 · management and general $5,632 · fundraising $6,289

  • 11c · Fees: accounting

    total $13,320 · program services $0 · management and general $13,320 · fundraising $0

  • 11f · Fees: investment management

    total $63,898 · program services $0 · management and general $63,898 · fundraising $0

  • 11g · Fees: other

    total $54,171 · program services $53,387 · management and general $784 · fundraising $0

  • 13 · Office expenses

    total $36,951 · program services $33,722 · management and general $1,595 · fundraising $1,634

  • 14 · Information technology

    total $35,786 · program services $33,888 · management and general $945 · fundraising $953

  • 16 · Occupancy

    total $19,846 · program services $13,840 · management and general $5,173 · fundraising $833

  • 17 · Travel

    total $3,013 · program services $3,013 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $166,252 · program services $149,627 · management and general $16,625 · fundraising $0

  • 23 · Insurance

    total $44,620 · program services $44,008 · management and general $288 · fundraising $324

  • 24a · Other expenses: Development/Outreach

    total $26,683 · program services $11,199 · management and general $2,581 · fundraising $12,903

  • 24b · Other expenses: Resource Center/Support Group

    total $6,287 · program services $6,287 · management and general $0 · fundraising $0

  • 24c · Other expenses: Professional Development

    total $24,140 · program services $22,847 · management and general $1,293 · fundraising $0

  • 24d · Other expenses: Clinical Supplies

    total $2,344 · program services $2,344 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $43,381 · program services $7,692 · management and general $35,539 · fundraising $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $635,197 · end of year $507,437

  • 2 · Savings and temporary cash investments

    beginning of year $375,838 · end of year $172,375

  • 3 · Pledges and grants receivable

    beginning of year $62,818 · end of year $233,321

  • 4 · Accounts receivable

    beginning of year $112,559 · end of year $59,836

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,820 · end of year $55,393

  • 10a · Land, buildings and equipment: cost or other basis

    $3,926,308

  • 10b · Land, buildings and equipment: accumulated depreciation

    $809,560

  • 10c · Land, buildings and equipment, net

    beginning of year $3,273,100 · end of year $3,116,748

  • 11 · Investments: publicly traded securities

    end of year $108,690

  • 12 · Investments: other securities

    beginning of year $1,610,124 · end of year $1,230,394

  • 15 · Other assets

    beginning of year $8,860,666 · end of year $8,507,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,143 · end of year $5,368

  • 19 · Deferred revenue

    beginning of year $266,024 · end of year $243,188

  • 27 · Net assets without donor restrictions

    beginning of year $14,441,529 · end of year $13,550,485

  • 28 · Net assets with donor restrictions

    beginning of year $259,426 · end of year $192,417

Mission and programs · 2022

Mission

MemoryCare's 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.

Activities or mission (Part I)

MemoryCare's mission is three-fold: to provide specialized medical care to older adults with cognitive impairment; to support caregivers with education, counseling and...(See entire mission statement on page 2)

  • MemoryCare was established as a community-based, charitable non-profit organization to address the need for integrated care for people with dementia that includes families throughout the process of their care. Now in our 23rd year, we are nationally recognized as pioneers in dementia care, and remain the only program in Western Carolina that integrates family support and education with expert medical care of adults with dementia. In 2022, 99% of caregivers surveyed expressed satisfaction with MemoryCare's Program and 100% said they would recommend MemoryCare to others. MemoryCare is an out-patient, consultative program with the goal that families impacted by dementia can have the best possible quality of life. Dementia is a chronic, progressive illness that currently has no cure. All with the disease eventually require the help of others who themselves need support and education to manage as well as possible.

    Expenses $2,084,292 · Revenue $1,132,427

  • Utilizing a multidisciplinary, our care teams provide diagnostic work-up, disease management planning,training and medical assistance to handle challenging behaviors and safety concerns, and caregiver education, counseling, and support. We help coodinate available community resources, assist low-income older adults with applications for medication assistance, and counsel individuals/families about end of life decision making. All families are provided a detailed written care plan that is amended as the illness progresses and have full access to our resource library and staff for educational material. In 2022, our staff provided comprehensive services to 1,137 patients and 3,479 caregivers through our core clinical program. Families were seen in our Asheville office, our rural satellite clinic in Waynesville, and through our home visit program in Buncombe County.

  • 42% of clients were low income by federal poverty standards. We are devoted to providing community education about dementia, caregiving,and aging-related health issues and teach professional health care students and providers on these topics as well. In 2022, we facilitated 165 presentations and reached 2,157 individuals through our educational programs, including 651 who attended our virtual education programs. Our MemoryCaregivers Network continued to offer three peer caregiver support groups to all caregivers of a loved one with dementia in the community. Our electronic newsletter with information about caregiving, resources, and local events was sent to 4,028 indivudals and, we maintain a Resource Library for the public with information about dementia, dementia care, healthy aging, and more. One hundred percent of MemoryCares staff, Board of Directors, and volunteers give in support of our program.

As filed on the 2022 return.

Listed in Part VII

  • Virginia Templeton MD

    Executive Director

    Total calculated
    $228,469
    From this org
    $210,000
    From related orgs
    $0
    Other
    $18,469
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,490
    Nontaxable benefits
    $9,979
    Filer's total
    $228,469

  • Margaret N Morris MD - Ex Officio

    Founder

    Total calculated
    $139,438
    From this org
    $124,409
    From related orgs
    $0
    Other
    $15,029
    Hours/week
    35

  • Carlton D Johnson MD

    Employee

    Total calculated
    $197,414
    From this org
    $170,245
    From related orgs
    $0
    Other
    $27,169
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $170,245
    Bonus
    $0
    Other
    $0
    Deferred
    $7,286
    Nontaxable benefits
    $19,883
    Filer's total
    $197,414

  • Amy Cohen

    Employee

    Total calculated
    $159,129
    From this org
    $143,316
    From related orgs
    $0
    Other
    $15,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,316
    Bonus
    $0
    Other
    $0
    Deferred
    $5,834
    Nontaxable benefits
    $9,979
    Filer's total
    $159,129

  • Della Simon

    Employee

    Total calculated
    $156,757
    From this org
    $141,058
    From related orgs
    $0
    Other
    $15,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,058
    Bonus
    $0
    Other
    $0
    Deferred
    $5,720
    Nontaxable benefits
    $9,979
    Filer's total
    $156,757

  • Andrew Atherton Esq

    President

    Total calculated
    $0
    Hours/week
    3

  • Sherri Metzger

    Vice-President

    Total calculated
    $0
    Hours/week
    3

  • Sok Heang Cheng CPA

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Becky Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Georgia Crump LPN

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Faith Doyle

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ryan Harman

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Nancy Lauffer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Laura Meherg

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Janet Moore MPS APR

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Claire Smith

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 July 2023
IRS schema version
2022v5.0
Source object
202312129349301416

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