Mercy Foundation Of Des Moines Iowa
- Assets
- $72.1m
- Revenue
- $12.0m
- Investments
- $57.8m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 07/1975
- Data as of
- 06/2021
- EIN
- 23-7358794
Organization Overview
Mercy Foundation Of Des Moines Iowa is located in Des Moines, IA. The organization was established in 1975. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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 Foundation Of Des Moines Iowa 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 Foundation Of Des Moines Iowa generated $12.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $7.6m during the year ending 06/2021. While expenses have increased by 4.3% 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 Foundation Of Des Moines Iowa has awarded 53 individual grants totaling $49,535,268. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Bucher Chair | OfficerTrustee | 1 | $0 |
Florence Burch Vice Chair | OfficerTrustee | 1 | $0 |
Brian Chittenden Treasurer | OfficerTrustee | 1 | $0 |
Chris Cornelius Secretary | OfficerTrustee | 1 | $0 |
Randall Rubin Svp, CFO - Chi Iowa Corp | Officer | 1 | $0 |
Shannon Cofield Foundation President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $770,861 |
| Government grants | $77,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,161,761 |
| Noncash contributions included in lines 1a–1f | $180,655 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,010,332 |
| Total Program Service Revenue | $0 |
| Investment income | $738,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,244,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,993,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,463,862 |
| Grants and other assistance to domestic individuals. | $483,244 |
| 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 | $907,025 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,816 |
| Payroll taxes | $58,229 |
| 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 | $54,091 |
| Advertising and promotion | $0 |
| Office expenses | $15,277 |
| Information technology | $21,285 |
| Royalties | $0 |
| Occupancy | $86,688 |
| Travel | $321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,764 |
| Interest | $0 |
| Payments to affiliates | $52,806 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $184 |
| All other expenses | $0 |
| Total functional expenses | $7,594,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301 |
| Savings and temporary cash investments | $2,247,908 |
| Pledges and grants receivable | $11,458,519 |
| Accounts receivable, net | $300 |
| 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 | $93,640 |
| Investments—publicly traded securities | $361,592 |
| Investments—other securities | $57,767,260 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,294 |
| Total assets | $72,079,814 |
| Accounts payable and accrued expenses | $210,883 |
| 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 | $2,990,564 |
| Total liabilities | $3,201,447 |
| Net assets without donor restrictions | $31,537,460 |
| Net assets with donor restrictions | $37,340,907 |
| 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 | $72,079,814 |
Grants Awarded
Over the last fiscal year, Mercy Foundation Of Des Moines Iowa has awarded $5,427,266 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Des Moines, IA PURPOSE: PROGRAM SUPPORT | $2,380,551 |
Des Moines, IA PURPOSE: PROGRAM SUPPORT | $1,518,305 |
Des Moines, IA PURPOSE: PROGRAM SUPPORT | $967,196 |
Newton, IA PURPOSE: PROGRAM SUPPORT | $429,746 |
Centerville, IA PURPOSE: PROGRAM SUPPORT | $122,550 |
Des Moines, IA PURPOSE: PROGRAM SUPPORT | $8,918 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Mercy Foundation Of Des Moines Iowa has recieved totaling $1,128,870.
| Awarding Organization | Amount |
|---|---|
Prairie Meadows Race Track & Casino Inc Altoona, IA PURPOSE: MercyOne Richard Deming Cancer Center | $400,000 |
Fred Maytag Family Foundation San Francisco, CA PURPOSE: DONATION OF EEAL ESTATE FOR GENERAL SUPPORT | $189,842 |
Donald F & Charlene K Lamberti Foundation Ankeny, IA PURPOSE: CONTRIBUTION | $150,000 |
Variety The Childrens Charity Of Iowa Des Moines, IA PURPOSE: MercyOne Pediatric Emergency Dept remodel | $129,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: RICHARD DEMING CANCER CENTER | $50,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR THE DEMING CANCER CENTER | $50,000 |
Endowment Analysis
| Beg. Balance | $32,981,485 |
| Earnings | $6,047,212 |
| Net Contributions | $497,657 |
| Grants | $1,383,999 |
| Ending Balance | $38,142,355 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Health Care Foundation Minneapolis, MN | $90,729,243 | $25,438,436 |
Hospital Sisters Of St Francis Foundation Inc Springfield, IL | $115,855,911 | $14,666,018 |
Ascension Care Management Insurance Holdings St Louis, MO | $337,485,264 | $76,291,210 |
Iowa Health Foundation Des Moines, IA | $224,193,770 | $32,909,877 |
Great River Health System Inc West Burlington, IA | $45,236,336 | $11,348,232 |
Mosaic Health System St Joseph, MO | $1,008,013,378 | $78,795,144 |
Clarkson Regional Health Services Inc Omaha, NE | $904,409,181 | $106,113,529 |
Mercy Foundation Of Des Moines Iowa Des Moines, IA | $72,079,814 | $11,993,555 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Sanford Health Foundation North Sioux Falls, SD | $106,387,743 | $12,791,067 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |
Masonic Family Health Foundation Downers Grove, IL | $127,837,780 | $9,277,833 |