Mercy Development Foundation is located in Independence, OH. The organization was established in 1946. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Development 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 12/2020, Mercy Development Foundation generated $907.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $639.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020, MERCY DEVELOPMENT FOUNDATION SOLICITED 6,218 GIFTS FROM 1,356 INDIVIDUALS, BUSINESSES, CORPORATIONS, ORGANIZATIONS, FOUNDATIONS AND GOVERNMENT AGENCIES. THESE DOLLARS SUPPORTED CAPITAL AND PROGRAMMING NEEDS OF CLEVELAND CLINIC MERCY HOSPITAL. SOME OF THE PROGRAMS SUPPORTED INCLUDED COVID EXPENDITURES, MORGUE EXPANSION PROJECT, DENTAL CLINIC, CANCER CENTER, CARDIOLOGY PROGRAMS IN MASSILLON, SEXUAL ASSAULT AND VICTIMS OF CRIME, MISSION AND MINISTRY OUTREACH AND AREAS OF GREATEST NEED. THE MERCY DEVELOPMENT FOUNDATION (MDF) SERVES IN AN ADVISORY ROLE TO THE MERCY SERVICE LEAGUE WHICH IS A SEPARATE 501(C)(3). IN 2020, THE MERCY SERVICE LEAGUE PRESENTED A DONATION OF $160,000 FOR ESTABLISHMENT OF A CLINICAL DECISION UNIT, A PART OF THE FACILITY TRANSFORMATION PROJECT, FROM THE PROCEEDS OF THE 2019 HARVEST BALL. IN ADDITION, THE MERCY SERVICE LEAGUE PRESENTED A DONATION OF $240,000 FOR THE SUPPORT OF CLEVELAND CLINIC MERCY HOSPITAL'S CANCER PATIENTS WHO ARE EXPERIENCING FINANCIAL HARDSHIP. THE STAFF OF THE FOUNDATION WORKED WITH THE MERCY SERVICE LEAGUE MEMBERS ON A FUNDRAISER CALLED HOPE AND HEROES WITH THE PROCEEDS BENEFITTING MERCY'S FRONTLINE CAREGIVERS BEING IMPACTED BY THE STRESS OF COVID.THE FOUNDATION'S STAFF RESEARCHES, PREPARES AND SUBMITS GRANTS IN SUPPORT OF THE NEEDS OF CLEVELAND CLINIC MERCY HOSPITAL. THROUGH THE FOUNDATION'S EFFORTS, MERCY HOSPITAL WAS DIRECTLY AWARDED A FEMA (FEDERAL EMERGENCY MANAGEMENT AGENCY)/OEMA (OHIO EMERGENCY MANAGEMENT AGENCY) GRANT IN RESPONSE TO HOSPITAL EXPENSES INCURRED DUE TO THE COVID PANDEMIC. MERCY ALSO WAS AWARDED A VICTIMS OF CRIME ACT (VOCA) GRANT FROM THE OFFICE OF THE ATTORNEY GENERAL. THIS GRANT SUPPORTS THE EFFORTS OF THE HEALING AFTER VIOLENT ENCOUNTERS NETWORK (HAVEN) WHICH PROVIDES MEDICAL FORENSIC NURSING CARE AND SUPPORT TO INDIVIDUALS IMPACTED BY VIOLENCE, ELDER ABUSE AND NEGLECT, DOMESTIC VIOLENCE, HUMAN TRAFFICKING AND SEXUAL ASSAULT. THE FOUNDATION ALSO WORKS WITH THE OHIO DEPARTMENT OF HEALTH TO SUPPORT WOMEN, INFANTS AND CHILDREN [WIC] PROGRAM THAT PROVIDES MEDICAL AND NUTRITIONAL CARE IN CARROLLTON, OHIO FOR MERCY'S OFFSITE LOCATION IN AN UNDERSERVED AREA. SPECIFIC 2020 PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED:MERCY CHARITY CLAYS - DUE TO THE COVID PANDEMIC, THIS EVENT WAS HELD IN SEPTEMBER AT ONE OF THE MOST PRESTIGIOUS COURSES IN THE MIDWEST - HILL 'N DALE CLUB IN MEDINA. THE PROCEEDS FROM THIS EVENT BENEFITED THE HOSPITAL'S AREA OF GREATEST NEED.FORE MERCY'S SAKE - MERCY DEVELOPMENT FOUNDATION COORDINATES THIS ANNUAL GOLF OUTING WITH THE PROCEEDS BENEFITTING MERCY INTERNATIONAL MISSION OUTREACH (MIMO) AND THE HOSPITAL'S AREA OF GREATEST NEED. MIMO IS AN ANNUAL MEDICAL MISSION TRIP TO AN UNDERDEVELOPED COUNTRY. THE TRIP WAS CANCELLED IN 2020 DUE TO THE COVID PANDEMIC.2020 CAMPAIGN OF CARING - KEEPERS OF THE MISSION: HONORING HEALTHCARE HEROES - THIS EFFORT IS THE FOUNDATION'S ANNUAL APPEAL TO HOSPITAL EMPLOYEES, COMMUNITY DONORS AND BOARD MEMBERS. THE PROCEEDS FROM THE ANNUAL APPEAL BENEFIT THE HOSPITAL'S AREA OF GREATEST NEED. DONOR CULTIVATION AND STEWARDSHIP ACTIVITIES INCLUDE MERCY'S FOUNDERS DAY MASS AND BRUNCH IN THE LATER PART OF SEPTEMBER COMMEMORATING THE HOSPITAL'S FOUNDING DATE OF SEPTEMBER 24. THIS EVENT WAS CANCELLED DUE TO THE COVID PANDEMIC IN 2020. INVITATIONS WERE MODIFIED TO EXPRESS GRATITUDE TO OUR DONORS AND A PRAYER CARD WAS ADDED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas J Strauss Board Member | OfficerTrustee | 2 | $0 |
David Stewart Treasurer | OfficerTrustee | 2 | $0 |
Thomas Turner President | OfficerTrustee | 20 | $0 |
Thomas Paumier DDS Chairman | OfficerTrustee | 2 | $0 |
Donald Peterson III Immediate Past Chair | OfficerTrustee | 2 | $0 |
John Prelac Secretary | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $49,372 |
Related organizations | $26,500 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $835,969 |
Noncash contributions included in lines 1a–1f | $18,834 |
Total Revenue from Contributions, Gifts, Grants & Similar | $911,841 |
Total Program Service Revenue | $0 |
Investment income | $1,796 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$5,794 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $907,843 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $57,734 |
Grants and other assistance to domestic individuals. | $79,376 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $112,967 |
Compensation of current officers, directors, key employees. | $112,967 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $203,029 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $66,431 |
Payroll taxes | $19,864 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,950 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $634 |
Advertising and promotion | $24,273 |
Office expenses | $4,178 |
Information technology | $5,245 |
Royalties | $0 |
Occupancy | $392 |
Travel | $10,822 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $30 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $332 |
Insurance | $0 |
All other expenses | $1,246 |
Total functional expenses | $639,479 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,674,612 |
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 | $1,496 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,088,038 |
Total assets | $2,764,146 |
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 | $492,971 |
Total liabilities | $492,971 |
Net assets without donor restrictions | $207,662 |
Net assets with donor restrictions | $2,063,513 |
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 | $2,764,146 |
Over the last fiscal year, we have identified 1 grants that Mercy Development Foundation has recieved totaling $100,000.
Awarding Organization | Amount |
---|---|
Fitzpatrick Foundation Inc Canton, OH PURPOSE: GENERAL SUPPORT | $100,000 |
Beg. Balance | $736,296 |
Earnings | $62,050 |
Admin Expense | $2,479 |
Net Contributions | $2,000 |
Ending Balance | $797,867 |
Organization Name | Assets | Revenue |
---|---|---|
University Healthcare Physicians Inc Martinsburg, WV | $27,421,318 | $84,817,307 |
Rbc Ministries Grand Rapids, MI | $21,687,815 | $61,139,442 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Vision Benefits Of America Inc Suite 400 Carnegie, PA | $64,908,622 | $38,442,292 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Diakon Child Family & Community Ministries Topton, PA | $23,881,449 | $28,006,448 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |
Mission Pre-Born Inc Indianapolis, IN | $6,569,199 | $16,394,673 |
Church Of God Home Inc Carlisle, PA | $19,131,303 | $10,297,438 |
Back 2 Back Ministries Inc Mason, OH | $16,341,723 | $15,736,396 |
The Pottstown Cluster Of Religious Communities Pottstown, PA | $2,620,724 | $10,453,372 |