Mercy Health Foundation Inc
- Assets
- $14.9m
- Revenue
- $2.5m
- Investments
- $5.8m
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/1974
- Data as of
- 06/2021
- EIN
- 23-7140261
Organization Overview
Mercy Health Foundation Inc is located in St Louis, MO. The organization was established in 1974. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Health 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 06/2021, Mercy Health Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $983.0k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercy Health Foundation Inc has awarded 46 individual grants totaling $3,744,664. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR MINISTRY HEALTH CARE, INC., SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
MERCY HEALTH FOUNDATION WAS FOUNDED IN 1971 AND SERVES AS THE PHILANTHROPIC ARM OF ASCENSION MERCY HOSPITAL AND ASCENSION MEDICAL GROUP CLINICS LOCATED THROUGHOUT THE OSHKOSH AREA AND SOUTHERN WINNEBAGO COUNTY IN THEIR EFFORTS TO PROVIDE EXCEPTIONAL, PERSON-CENTERED HEALTH CARE TO OUR COMMUNITY. OUR FOUNDATION TAKES A SPECIAL INTEREST IN SERVING THE NEEDS OF THE POOR; WE INVITE YOU TO HELP MAKE A DIFFERENCE IN THE LIVES OF THOSE WHO HAVE NOWHERE ELSE TO TURN. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,553 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $714,179 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,732 |
| Total Program Service Revenue | $0 |
| Investment income | $1,796,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,533,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $645,346 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,591 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,498 |
| Office expenses | $15,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $781 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,183 |
| Total functional expenses | $983,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,082,467 |
| Pledges and grants receivable | $11,276 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,046,216 |
| Investments—other securities | $5,760,336 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,900,295 |
| Accounts payable and accrued expenses | $3,532 |
| 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 | $227,110 |
| Total liabilities | $230,642 |
| Net assets without donor restrictions | $2,716,572 |
| Net assets with donor restrictions | $11,953,081 |
| 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 | $14,900,295 |
Grants Awarded
Over the last fiscal year, Mercy Health Foundation Inc has awarded $645,346 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: General/Capital Support | $595,816 |
Menasha, WI PURPOSE: BE WELL FOX VALLEY COMMUNITY HEALTH FUNDING | $25,000 |
St Louis, MO PURPOSE: General Support | $17,300 |
St Louis, MO PURPOSE: General Support | $7,230 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Health Foundation Inc has recieved totaling $48,564.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $40,614 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI PURPOSE: PROGRAM SUPPORT | $7,950 |
Endowment Analysis
| Beg. Balance | $8,858,184 |
| Earnings | $1,612,619 |
| Admin Expense | $1,378,874 |
| Net Contributions | $6,385 |
| Other Expense | $32,201 |
| Ending Balance | $9,066,113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Catholic Conference Ada, OK | $58,995,230 | $102,251,380 |
Saint Thomas Regional Hospitals St Louis, MO | $62,019,572 | $112,890,582 |
Carle West Physician Group Inc Urbana, IL | $7,904,406 | $40,693,056 |
Flaget Healthcare Inc Bardstown, KY | $173,311,439 | $79,013,923 |
Washington University Physicians In Illinois Inc O Fallon, IL | $16,495,252 | $58,633,483 |
Grand Island Regional Medical Center Grand Island, NE | $105,787,558 | $40,825,910 |
Mercy Hospital Carthage Carthage, MO | $36,033,598 | $54,651,432 |
Family Health Center Louisville, KY | $55,888,380 | $40,129,264 |
Drew Memorial Hospital Inc Monticello, AR | $65,272,333 | $54,246,606 |
Crawford Hospital District Robinson, IL | $68,738,065 | $49,401,824 |
Ascension River District Hospital St Louis, MO | $14,126,181 | $36,847,303 |
Mercy Hospital Lincoln Troy, MO | $8,498,230 | $49,593,146 |