Totals
- Total revenue
- $4,137,637
- Total expenses
- $3,254,055
- Contributions and grants received
- $1,269,392
- Grants paid
- $174,233
- Program service revenue
- $1,615,535
- Investment income
- $1,239,024
- Other revenue
- $13,686
- Total assets, end of year
- $18,308,087
- Total liabilities, end of year
- $288,056
- Net assets or fund balances, end of year
- $18,020,031
- Program services expenses (Part IX)
- $2,785,316
- Management and general expenses
- $317,404
- Fundraising expenses
- $151,335
- Program service expenses (Part III)
- $2,785,316
Program services were 85.6% 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.
-
1e · Government grants (contributions)
$39,156
-
1f · All other contributions, gifts and grants
$1,230,236
-
1g · Noncash contributions included above
$44,989
-
2a · Program service revenue: Patient Care Fees
total $673,796 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Caregiver Fees
total $535,391 · unrelated business $0 · excluded $0
-
2c · Program service revenue: GUIDE Fees
total $406,348 · unrelated business $0 · excluded $0
-
3 · Investment income
total $446,508 · unrelated business $0 · excluded $446,508
-
7a · Gross sales of assets other than inventory
securities $792,516
-
7c · Gain or loss
securities $792,516
-
7d · Net gain or loss
total $792,516 · related or exempt $0 · unrelated business $0 · excluded $792,516
-
11a · Other revenue: Other Income
total $6,698 · related or exempt $0 · unrelated business $0 · excluded $6,698
-
11b · Other revenue: Book Sales and Royalties
total $6,988 · related or exempt $0 · unrelated business $0 · excluded $6,988
-
11e · Other revenue, total
$13,686
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $174,233 · program services $174,233
-
5 · Compensation of officers, directors and key employees
total $135,975 · program services $84,965 · management and general $25,634 · fundraising $25,376
-
7 · Other salaries and wages
total $1,869,610 · program services $1,726,403 · management and general $95,573 · fundraising $47,634
-
8 · Pension plan contributions
total $54,501 · program services $49,224 · management and general $3,296 · fundraising $1,981
-
9 · Other employee benefits
total $104,204 · program services $94,114 · management and general $6,301 · fundraising $3,789
-
10 · Payroll taxes
total $150,297 · program services $135,742 · management and general $9,084 · fundraising $5,471
-
11c · Fees: accounting
total $21,440 · program services $0 · management and general $21,440 · fundraising $0
-
11f · Fees: investment management
total $87,642 · program services $0 · management and general $87,642 · fundraising $0
-
11g · Fees: other
total $155,410 · program services $148,503 · management and general $5,180 · fundraising $1,727
-
13 · Office expenses
total $47,073 · program services $27,673 · management and general $13,760 · fundraising $5,640
-
14 · Information technology
total $108,013 · program services $95,276 · management and general $5,120 · fundraising $7,617
-
16 · Occupancy
total $36,639 · program services $32,242 · management and general $2,565 · fundraising $1,832
-
17 · Travel
total $2,740 · program services $2,603 · management and general $0 · fundraising $137
-
22 · Depreciation, depletion and amortization
total $157,615 · program services $138,701 · management and general $11,033 · fundraising $7,881
-
23 · Insurance
total $52,782 · program services $50,170 · management and general $1,689 · fundraising $923
-
24a · Other expenses: Development/Outreach
total $40,980 · program services $0 · management and general $0 · fundraising $40,980
-
24b · Other expenses: Professional Development
total $17,146 · program services $0 · management and general $17,146 · fundraising $0
-
24c · Other expenses: Clinical Supplies
total $9,267 · program services $9,267 · management and general $0 · fundraising $0
-
24e · All other expenses
total $28,488 · program services $16,200 · management and general $11,941 · fundraising $347
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $189,605 · end of year $194,668
-
2 · Savings and temporary cash investments
beginning of year $756,527 · end of year $463,801
-
3 · Pledges and grants receivable
beginning of year $164,910 · end of year $64,735
-
4 · Accounts receivable
beginning of year $178,318 · end of year $118,380
-
9 · Prepaid expenses and deferred charges
beginning of year $84,313 · end of year $66,181
-
10a · Land, buildings and equipment: cost or other basis
$3,959,035
-
10b · Land, buildings and equipment: accumulated depreciation
$1,286,594
-
10c · Land, buildings and equipment, net
beginning of year $2,821,703 · end of year $2,672,441
-
11 · Investments: publicly traded securities
beginning of year $7,477 · end of year $9,022
-
12 · Investments: other securities
beginning of year $1,237,216 · end of year $693,636
-
15 · Other assets
beginning of year $11,203,951 · end of year $14,025,223
-
17 · Accounts payable and accrued expenses
beginning of year $57,517 · end of year $68,768
-
19 · Deferred revenue
beginning of year $199,432 · end of year $219,288
-
27 · Net assets without donor restrictions
beginning of year $16,115,750 · end of year $17,933,221
-
28 · Net assets with donor restrictions
beginning of year $271,321 · end of year $86,810
Mission and programs · 2025
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.
Activities or mission (Part I)
MemoryCares 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 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.
As filed on the 2025 return.
Listed in Part VII
-
Christine Gulden MHP
Executive Director
- Total calculated
- $135,959
- From this org
- $122,523
- From related orgs
- $0
- Other
- $13,436
- Hours/week
- 50
-
Margaret Noel Morris MD - Ex Offici
Medical Director/Founder
- Total calculated
- $115,989
- From this org
- $111,382
- From related orgs
- $0
- Other
- $4,607
- Hours/week
- 30
-
Erin Gordon DO
Associate Medical Director
- Total calculated
- $190,166
- From this org
- $174,216
- From related orgs
- $0
- Other
- $15,950
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $174,216
- Bonus
- $0
- Other
- $0
- Deferred
- $6,243
- Nontaxable benefits
- $9,707
- Filer's total
- $190,166
-
Carlton D Johnson MD
Employee
- Total calculated
- $130,282
- From this org
- $112,824
- From related orgs
- $0
- Other
- $17,458
- Hours/week
- 45
-
Amy Cohen MD
Employee
- Total calculated
- $179,270
- From this org
- $161,988
- From related orgs
- $0
- Other
- $17,282
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,988
- Bonus
- $0
- Other
- $0
- Deferred
- $6,609
- Nontaxable benefits
- $10,673
- Filer's total
- $179,270
-
Della Simon MD
Employee
- Total calculated
- $175,492
- From this org
- $158,586
- From related orgs
- $0
- Other
- $16,906
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,586
- Bonus
- $0
- Other
- $0
- Deferred
- $6,375
- Nontaxable benefits
- $10,531
- Filer's total
- $175,492
-
Laura Meherg
President
- Total calculated
- $0
- Hours/week
- 3
-
Ryan Harman
Vice-President
- Total calculated
- $0
- Hours/week
- 3
-
Noel Swartz CPA
Treasurer/ Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Georgia Crump LPN
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ernest Ferguson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Nancy Lauffer
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Doris Loomis
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Diane Mance
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Candy Shivers
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
David Whilden
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
- 2025
- Filed
- 3 August 2026
- IRS schema version
- 2025v4.1
- Source object
- 202642159349301179
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