Mercy Hospital Foundation Inc
- Assets
- $3.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Buffalo, NY
- Founding
- 08/1978
- Data as of
- 12/2022
- EIN
- 22-2209721
Organization Overview
Mercy Hospital Foundation Inc is located in Buffalo, NY. The organization was established in 1978. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Hospital Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mercy Hospital Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $646.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE MISSION IN SCHEDULE OMERCY HOSPITAL FOUNDATION, INC. IS A CHARITABLE, NOT-FOR-PROFIT 501(C) 3 CORPORATION WITH THE PURPOSE OF RAISING NEW FUNDS AND STEWARDING RESOURCES WHICH SUPPORT, IMPROVE AND PROMOTE THE CARE AND SERVICES PROVIDED BY MERCY HOSPITAL OF BUFFALO, AND WNY CATHOLIC LONG TERM CARE, INC. DOING BUSINESS AS FATHER BAKER MANOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MERCY HOSPITAL FOUNDATION, INC. PROVIDED FUNDS FOR CAPITAL RENOVATIONS AND EQUIPMENT PURCHASES TO ENSURE THAT OUR CLINICAL CAREGIVERS HAVE ACCESS TO UP-TO-DATE FACILITIES AND STATE-OF-THE-ART TECHNOLOGY.
THE MERCY HOSPITAL FOUNDATION, INC. PROVIDED FUNDING FOR STAFF EDUCATION, INCLUDING THE REIMBURSEMENT OF TRAVEL AND LODGING EXPENSES AT NATIONAL CONFERENCES. IN ADDITION, THE FOUNDATION PROVIDED FUNDS FOR CONTINUING MEDICAL EDUCATION FOR PHYSICIANS, AS WELL AS "LUNCH & LEARN" PROGRAMS TO BENEFIT THE STAFF.
THE MERCY HOSPITAL FOUNDATION, INC. ALSO SERVED AS AN IMPORTANT VEHICLE FOR ASSOCIATE AWARDS AND RECOGNITION, UNDERWRITING THE EXPENSES ASSOCIATED WITH NURSES WEEK, INFECTION CONTROL WEEK, AND BREAST HEALTH AWARENESS WEEK. THE FOUNDATION SUPPORTED WORKPLACE SPIRITUALITY THROUGH SUPPORT OF THE PASTORAL CARE PROGRAM AND THE MERCY HOSPITAL CHAPEL. THE FOUNDATION MAINTAINED FUNDS TO SUPPORT AUDIO/VISUAL EQUIPMENT WITHIN THE CHAPEL FOR VIRTUAL MASSES THROUGHOUT PATIENT ROOMS. THE FOUNDATION SPONSORED A VARIETY OF COMMUNITY EVENTS EACH YEAR TO PROMOTE AWARENESS OF MERCY HOSPITAL OF BUFFALO AND HEALTH-RELATED ISSUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Sullivan Pres & CEO Chs | Trustee | 0 | $0 |
Dr Jeffrey Steinig Director | Trustee | 0 | $0 |
Sharon Prise Azurin Vice Chair | OfficerTrustee | 0 | $0 |
Laura M Bickert Secretary | OfficerTrustee | 0 | $0 |
Martin Griffith Director | Trustee | 0 | $0 |
Vincent O Hanley Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,318 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $789,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $851,872 |
| Total Program Service Revenue | $0 |
| Investment income | $39,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,272 |
| Net Income from Fundraising Events | $42,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,064,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $272,169 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,099 |
| Compensation of current officers, directors, key employees. | $28,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,653 |
| Pension plan accruals and contributions | $5,448 |
| Other employee benefits | $23,484 |
| Payroll taxes | $8,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,969 |
| Fees for services: Other | $8,331 |
| Advertising and promotion | $154 |
| Office expenses | $76 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $645,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $630,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,336 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $488 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,954,847 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $435,003 |
| Total assets | $3,091,529 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,608 |
| Total liabilities | $70,608 |
| Net assets without donor restrictions | $1,275,604 |
| Net assets with donor restrictions | $1,745,317 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,091,529 |