Mercy Foundation Of Des Moines Iowa

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.

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)Compensation
Kelly Bucher
Chair
$0
Florence Burch
Vice Chair
$0
Brian Chittenden
Treasurer
$0
Chris Cornelius
Secretary
$0
Randall Rubin
Svp, CFO - Chi Iowa Corp
$0
Shannon Cofield
Foundation President
$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

Grants Awarded

Over the last fiscal year, Mercy Foundation Of Des Moines Iowa has awarded $5,427,266 in support to 6 organizations.

Grant RecipientAmount

Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$2,380,551

MERCY CLINICS INC

Org PageRecipient Profile

Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$1,518,305

Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$967,196

SKIFF MEDICAL CENTER

Org PageRecipient Profile

Newton, IA

PURPOSE: PROGRAM SUPPORT

$429,746

MERCY MEDICAL CENTER CENTERVILLE

Org PageRecipient Profile

Centerville, IA

PURPOSE: PROGRAM SUPPORT

$122,550

MERCY COLLEGE OF HEALTH SCIENCES

Org PageRecipient Profile

Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$8,918
View Grant Profile

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 OrganizationAmount
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
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$32,981,485
Earnings$6,047,212
Net Contributions$497,657
Grants$1,383,999
Ending Balance$38,142,355

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