Mercy & Unity Hospitals Foundation
- Assets
- $0.0
- Revenue
- $232.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2019
- Data as of
- 04/2022
- EIN
- 30-0086426
Organization Overview
Mercy & Unity Hospitals Foundation, operating under the name Mercy Hospital Foundation, is located in Minneapolis, MN. The organization was established in 2019. According to its NTEE Classification (E22) the organization is classified as: General 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 Hospital 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 04/2022, Mercy Hospital Foundation generated $232.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $501.4k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (19.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mercy Hospital Foundation has awarded 30 individual grants totaling $14,616,770. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE, STEWARD, AND DISTRIBUTE PHILANTHROPIC FUNDS TO SUPPORT THE HEALTH AND QUALITY OF CARE OF MERCY HOSPITAL PATIENTS AND FAMILIES, AND THE HEALTH AND WELLNESS OF THE COMMUNITY WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL CAMPAIGN COMMITMENTCAPITAL GRANTS AS PART OF THE $4.687 MILLION CAPITAL CAMPAIGN COMMITMENT IN SUPPORT OF VARIOUS PROJECTS TO ENHANCE PATIENT CARE AT BOTH MERCY AND UNITY HOSPITAL CAMPUSES WITH THE FOCUS TO ALIGN AS "ONE HOSPITAL WITH TWO CAMPUSES" WHILE CONTINUING TO PROVIDE EXCELLENT PATIENT CARE AND EXPERIENCE AND REMOVING DUPLICATE SERVICES WITH MERCY HOSPITAL AS THE TERTIARY HOSPITAL FOR THE NORTH METROPOLITAN AREA. THESE 2022 CAPITAL GRANTS INCLUDE: $100,000 FOR MENTAL HEALTH CONSOLIDATION; $100,000 FOR XI DAVINCI SURGICAL SYSTEM ROBOT FOR CANCER SERVICES; $ 95,000 FOR 5TH FLOOR RENOVATION OF THE ORTHO/SPINE UNIT.
STAFF AND EMPLOYEE WELLNESS, EDUCATION AND TRAINING - $39,831PROVIDING STRESS REDUCING TREATMENT AND EDUCATIONAL TRAINING FOR EMPLOYEES AND STAFF. TRAINING INCLUDES MRI CERTIFICATION AS WELL AS NATIONAL TRAUMA CARE BEST PRACTICES AND IMPROVEMENT COURSES TO MAINTAIN COMPETENCY IN OPTIMAL TRAUMA CARE FOR PATIENTS SERVED BY MERCY HOSPITALS. WORKSPACE IMPROVEMENTS - $11,225CREATE A MORE STREAMLINED SPACE FOR STAFF TO BETTER ASSIST PATIENTS. PATIENT AND COMMUNITY CARE $5,600FUNDING INCLUDES A SOCIAL WORKER PARTNERSHIP WITH BLAINE/COON RAPIDS POLICE DEPARTMENT. NEWBORN SWADDLES - $4,833PROVIDES ONESIES FOR NEWBORNS BORN WITHIN MERCY/UNITY HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ortner Director/exec Dir Fndtn | OfficerTrustee | 2 | $0 |
Richard Magnuson CFO | Officer | 2 | $0 |
Sara Criger Director/pres. Mercy Hosp. | Trustee | 2 | $0 |
Sara H Schoel MD Director | Trustee | 2 | $0 |
Paula Inman Director/treasurer | Trustee | 2 | $0 |
Kyle Johansen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $144,918 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,504 |
| Total Program Service Revenue | $0 |
| Investment income | $16,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,832 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $356,489 |
| 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. | $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 | $769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20 |
| Total functional expenses | $501,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Mercy & Unity Hospitals Foundation has awarded $356,489 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: CAPITAL IMPROVEMENT TO CONSOLIDATE MENTAL HEALTH SERVICES ON THE MERCY AND UNITY HOSPITAL CAMPUSES. | $100,000 |
Minneapolis, MN PURPOSE: CAPITAL FUNDING FOR THE XI DAVINCI SURGICAL SYSTEM ROBOT FOR CANCER SERVICES. | $100,000 |
Minneapolis, MN PURPOSE: CAPITAL CAMPAIGN TO SUPPORT 5TH FLOOR RENOVATIONS OF THE ORTHO/SPINE UNIT TO ENHANCE PATIENT CARE AT BOTH MERCY AND UNITY HOSPITAL CAMPUSES TO ALIGN AS "ONE HOSPITAL WITH TWO CAMPUSES". | $95,000 |
Minneapolis, MN PURPOSE: MERCY AND UNITY CAMPUS OPERATIONS INCLUDING STAFF AND EMPLOYEE EDUCATION AND TRAINING, WELLNESS, AND NEWBORN SWADDLES. | $50,264 |
Minneapolis, MN PURPOSE: WORK SPACE IMPROVEMENTS FOR EFFICIENT PATIENT CARE. | $11,225 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mercy & Unity Hospitals Foundation has recieved totaling $45,905.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $25,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $10,505 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $759,416 |
| Earnings | -$13,694 |
| Grants | -$121 |
| Ending Balance | $745,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |
Langlade Hospital-Hotel Dieu Of St Joseph Of Antigo Wisconsin Antigo, WI | $246,815,047 | $116,695,452 |
Mercy Medical Center of Oshkosh Inc Oshkosh, WI | $0 | $88,188,701 |
Mercy Medical Center Williston, ND | $138,014,231 | $90,717,177 |
Aspirus Medford Hospital & Clinics Inc Medford, WI | $193,217,464 | $105,652,472 |
St Anthony Regional Hospital And Nursing Home Carroll, IA | $221,133,827 | $96,228,816 |
Reedsburg Area Medical Center Inc Reedsburg, WI | $115,043,817 | $85,985,153 |
Hutchinson Health Hutchinson, MN | $100,932,571 | $98,923,627 |
Unity Family Healthcare Little Falls, MN | $118,628,912 | $78,028,043 |
Westfields Hospital Inc Minneapolis, MN | $77,938,894 | $82,329,406 |