Mercy Health Foundation Fort Smith
- Assets
- $11.3m
- Revenue
- $4.3m
- Investments
- $9.9m
- Employees
- 0
- Location
- Fort Smith, AR
- Founding
- 05/1974
- Data as of
- 06/2021
- EIN
- 23-7330425
Organization Overview
Mercy Health Foundation Fort Smith is located in Fort Smith, AR. The organization was established in 1974. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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 Fort Smith 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 Fort Smith generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercy Health Foundation Fort Smith has awarded 30 individual grants totaling $8,233,122. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS THE SISTERS OF MERCY BEFORE US, WE BRING TO LIFE THE HEALING MINISTRY OF JESUS THROUGH OUR COMPASSIONATE CARE AND EXCEPTIONAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY HEALTH FOUNDATION FORT SMITH IS A NOT-FOR-PROFIT CORPORATION CREATED TO ENHANCE, THROUGH PHILANTHROPY, THE QUALITY OF CARE AND SERVICES PROVIDED BY MERCY HOSPITAL FORT SMITH AND ITS REGIONAL HOSPITAL FACILITIES IN PARIS, WALDRON, OZARK AND BOONEVILLE, ARKANSAS. THIS OBJECTIVE IS ACCOMPLISHED BY RAISING REVENUE FROM A VARIETY OF SOURCES INCLUDING DONATIONS. THE GOAL OF THE FOUNDATION IS TO SEEK, ACQUIRE, ACCEPT, HOLD, INVEST, RE-INVEST, AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUST, AND PROPERTY TO USE AND DISBURSE INCOME AND PRINCIPAL THEREOF FOR THE BENEFIT OF MERCY FORT SMITH INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gehrig Ryan Chief Executive Officer | Officer | 2 | $0 |
Ellison Clark Regional VP Philanthropy | Officer | 1 | $0 |
Cook Adam Chf Dvpmt Officer Philanthropy | Officer | 40 | $0 |
Wilcher Greta VP Of Finance | Officer | 10 | $0 |
Newton MD Lisa Physician & Board Member | Trustee | 1 | $0 |
Fiori MD Rachel Physician & Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $337,695 |
| Related organizations | $306,226 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,700,650 |
| Noncash contributions included in lines 1a–1f | $21,518 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,344,571 |
| Total Program Service Revenue | $0 |
| Investment income | $1,981,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$71,115 |
| Net Income from Gaming Activities | $49,425 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,304,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,214,881 |
| Grants and other assistance to domestic individuals. | $45,678 |
| 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 | $352,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,370 |
| 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 | $0 |
| Fees for services: Other | $41,709 |
| Advertising and promotion | $51 |
| Office expenses | $5,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $283 |
| 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 | $1,267 |
| Insurance | $0 |
| All other expenses | $2,266 |
| Total functional expenses | $1,745,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,001,498 |
| 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 | $25,750 |
| Net Land, buildings, and equipment | $14,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,923,863 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,172 |
| Total assets | $11,257,845 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $84,250 |
| 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 | $0 |
| Total liabilities | $84,250 |
| Net assets without donor restrictions | $8,536,935 |
| Net assets with donor restrictions | $2,636,660 |
| 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 | $11,257,845 |
Grants Awarded
Over the last fiscal year, Mercy Health Foundation Fort Smith has awarded $1,212,421 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Smith, AR PURPOSE: CAPITAL SUPPORT | $889,159 |
Fort Smith, AR PURPOSE: SUPPORT OF MISSION ORGANIZATION | $221,926 |
Fort Smith, AR PURPOSE: SUPPORT OF MISSION ORGANIZATION | $64,782 |
Fort Smith, AR PURPOSE: SUPPORT OF MISSION ORGANIZATION | $31,143 |
Booneville, AR PURPOSE: SUPPORT OF MISSION ORGANIZATION | $5,411 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Health Foundation Fort Smith has recieved totaling $14,475.
| Awarding Organization | Amount |
|---|---|
Alvin S Tilles Item Xx Testamentary Trust Saint Paul, MN PURPOSE: TO ENHANCE THE QUALITY OF HEALTHCARE SERVICES | $14,475 |
Endowment Analysis
| Beg. Balance | $5,241,790 |
| Admin Expense | $410 |
| Other Expense | $284,616 |
| Ending Balance | $4,956,764 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |