Overview
What is Mercurial Inc?
Mercurial Inc, located in Roslindale, Massachusetts, is a nonprofit organization that specializes in addressing the IT needs of other nonprofit organizations in the Boston area. Their primary mission is to leverage their collective IT resources, knowledge, and experience to aid their clients in achieving their objectives. Mercurial Inc operates with a goal to contribute to the success of fellow nonprofits by offering tailored IT solutions.
Official website here: www.mercurial.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Mercurial Inc has earned a 76% score from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score is derived entirely from its accountability and finance beacon, highlighting the organization's dedication to financial transparency and responsible management. This rating signifies that, overall, Mercurial Inc meets many of the standards expected of nonprofit organizations.
One of the notable strengths of Mercurial Inc is its governance structure, which boasts a fully independent board comprising three members. Additionally, there has been no material diversion of assets, and the charity has maintained a strong program expense ratio of 74.22%, indicating that a significant portion of its resources is directed towards its mission-driven activities. The organization has also successfully listed its website on its tax form, enhancing its transparency.
However, there are areas for improvement, particularly in policy documentation. Mercurial Inc lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which can raise concerns regarding governance practices. Addressing these deficiencies could enhance the organization's accountability and further bolster its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Mercurial Inc legitimate?
Mercurial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercurial Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mercurial.co
What is the mission statement of Mercurial Inc?
Mercurial Inc's mission is centered around utilizing their IT resources, expertise, and knowledge to assist other organizations in achieving their respective missions. Their primary objective is to cater to the IT needs of non-profit entities, with a focus on the Boston area. By doing so, Mercurial Inc aims to contribute positively to various causes and initiatives pursued by these organizations.
Official website here: www.mercurial.co
What is the revenue of Mercurial Inc?
Mercurial Inc's revenue in 2023 was $107,655.
Official website here: www.mercurial.co
Who are the executives of Mercurial Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mercurial.co
Where can I find the form 990 for Mercurial Inc?
Mercurial Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mercurial.co
Learn more at the official website: www.mercurial.co
Mission Statement of Mercurial Inc
Mercurial Inc, a distinguished entity, is committed to utilizing its collective IT resources, expertise, and knowledge to aid other non-profit organizations in achieving their respective missions. Their primary objective is to serve the IT needs of these non-profits situated in the immediate Boston area. By offering their IT capabilities, Mercurial Inc contributes to the success and effectiveness of these organizations, ultimately contributing to the betterment of their respective causes.
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Impact
August, 2024
Mercurial Inc is making a significant impact by leveraging its IT resources, experience, and knowledge to assist other nonprofits in the Boston area in achieving their missions. Through their specialized services, Mercurial Inc is helping a wide range of organizations dedicated to human services thrive and fulfill their goals. This targeted support not only enhances the efficiency and effectiveness of these nonprofits but also contributes to the overall betterment of the community by ensuring that crucial services reach those in need.
This information is meant to be a general summary of Mercurial Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $23,791
- Gross Receipts: $107,655
Assets and Liabilities:
- Total Assets: $470,881
- Total Liabilities: $0
- Net Assets: $470,881
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Organization Details
Founding Year
2015
Principal Officer
Peter Gatsoulis
Website
www.mercurial.coNTEE Category
Code: P02 - Human services
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