Mercury Free Mining Inc

Nonprofit profile at a glance

EIN
834627223
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
Corvallis, OR, USA
Phone
5412317836
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$153,329
Expenses
$147,701
Assets
$27,292
Liabilities
$10,585

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TOBY POMEROY (EXECUTIVE DIRECTOR)

People named in this filing

  • TOBY POMEROY (EXECUTIVE DIRECTOR)
  • MARK HANNA (CHAIRMAN)
  • RONNIE VANDERLINDEN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mercury free mining inc.'s (mfm's) purpose is to inspire the global jewelry industry to support the development, discovery, and deployment of efficient gold ore concentrators that will effectively replace the use of toxic mercury to capture gold by some 20 million artisanal and small-scale gold miners (asgm) in more than 70 countries around the world. We are committedthat through our efforts, the 100 million people who depend upon asgm can be healthy and prosperous and mercury pollution in our environment will be dramatically reduced.

What it reported doing in 2024

Mfm finalized a grant agreement with the gemological institute of america (gia), to fund a joint project between mfm and the alliance for responsible mining (arm) to begin gold ore sampling and testing in annanea, peru. Mfm developed a protocol for a first of its kind ore-sample collection to ship the collected ore samples to innovative processors in four countries on three continents, analyze the gold ore samples and the processor's effectiveness, creating a database others can access and benefit from

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.5%; rating input score 96
  • Program expense ratio: 99.2%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 3.7%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 30.5%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 21.7% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 12.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 95.5% of revenue deployed · 99.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $146K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.