Misericordia Foundation
- Assets
- $53.8m
- Revenue
- $39.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Chicago, IL
- Founding
- 05/1974
- Data as of
- 06/2023
- EIN
- 23-7285834
Organization Overview
Misericordia Foundation is located in Chicago, IL. The organization was established in 1974. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2023, Misericordia Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Misericordia Foundation 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 06/2023, Misericordia Foundation generated $39.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 53.4% each year . All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 28.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE IS TO ORGANIZE AND IMPLEMENT FUNDRAISING PROGRAMS WITH GOAL OF MAKING CONTRIBUTIONS TO MISERICORDIA HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISERICORDIA FOUNDATION RAISES FUNDS TO GRANT TO MISERICORDIA HOME, ITS SUPPORTED ORGANIZATION. THE FUNDS GRANTED SUPPORT THE GENERAL EXEMPT OPERATIONS AND OTHER SPECIFIC NEEDS OF MISERICORDIA HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Gates Board President/ceo | OfficerTrustee | 40 | $119,991 |
Sister Rosemary Connelly Chairman | Officer | 40 | $50,815 |
Brian Battle Treasurer | Trustee | 1 | $0 |
Jennifer Fortner Director | Trustee | 1 | $0 |
Elida Hernandez Director | Trustee | 1 | $0 |
William Mccarthy Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,408 |
| Fundraising events | $7,175,076 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,297,260 |
| Noncash contributions included in lines 1a–1f | $1,864,629 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,516,744 |
| Total Program Service Revenue | $0 |
| Investment income | $755,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,989 |
| Net Income from Fundraising Events | -$250,519 |
| Net Income from Gaming Activities | $99,471 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,114,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,217,808 |
| 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. | $292,948 |
| Compensation of current officers, directors, key employees. | $186,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $505,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $95,768 |
| Payroll taxes | $50,290 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,710 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,547 |
| Fees for services: Other | $1,348 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,201 |
| Royalties | $0 |
| Occupancy | $2,739 |
| Travel | $107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,094 |
| All other expenses | $38,988 |
| Total functional expenses | $9,703,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,790,767 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,996,937 |
| 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 | $120,803 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,908,858 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $53,817,365 |
| Accounts payable and accrued expenses | $590,788 |
| Grants payable | $0 |
| Deferred revenue | $50,645 |
| 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 | $429,913 |
| Total liabilities | $1,071,346 |
| Net assets without donor restrictions | $43,711,956 |
| Net assets with donor restrictions | $9,034,063 |
| 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 | $53,817,365 |