Mercyhealth Development Foundation Inc
- Assets
- $40.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 36-3197918
Organization Overview
Mercyhealth Development Foundation Inc is located in Rockford, IL. The organization was established in 1984. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercyhealth Development Foundation Inc 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 06/2022, Mercyhealth Development Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 3 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCYHEALTH DEVELOPMENT FOUNDATION, INC. HAS A MISSION TO PROVIDE ASSISTANCE TO ALL ENTITIES OF THE MERCY HEALTH SYSTEM (MHS) BY RECEIVING, MAINTAINING, AND ADMINISTERING FUNDS RECEIVED FROM THE PUBLIC AND OTHER AVAILABLE RESOURCES TO FURTHER THE EXEMPT PURPOSE OF THESE NON-PROFIT 501(C)(3) ORGANIZATIONS AND TO SUPPORT THE MHS MISSION OF "EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER".
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY2022 ENDOWMENTS AND RESTRICTED FUNDS PROVIDED EDUCATION INCLUDING TRAINING AND CONFERENCES FOR HOSPITALISTS. IN ADDITION, RESTRICTED GIFTS AND ENDOWMENTS HELPED FUND PATIENT EXPENSES FOR INDIGENT INDIVIDUALS, MEALS FOR CANCER PATIENTS UNDERGOING TREATMENT AND EQUIPMENT/ITEMS NEEDED IN THE NICU THROUGHOUT THE SYSTEM. DONATIONS FROM THE AUXILIARY ASSISTED WITH CARE ON THE CARE MOBILE, NURSING SCHOLARSHIPS FOR MINORITY STUDENTS, PET THERAPY, RADIOLOGY SCHOOL ASSISTANCE, NEW TREADMILLS FOR CARDIOLOGY REHAB AND VARIOUS IMPROVEMENT PROJECTS.
REMAINING PROGRAM SERVICES.
THROUGH CHARITABLE CONTRIBUTIONS, THE FOUNDATION SUPPORTS THE RONALD MCDONALD CARE MOBILE STAFFED AND OPERATED BY MERCYHEALTH EMPLOYEES, WHICH PROVIDES FREE MEDICAL CARE TO UNINSURED AND UNDERINSURED CHILDREN AT MORE THAN 12 DIFFERENT SITES IN NORTHERN ILLINOIS AND SOUTHERN WISCONSIN. THE CARE MOBILE VISITS INCLUDE VACCINATIONS, LEAD OR BLOOD SCREENINGS, MEDICAL DIAGNOSES, AND TREATMENT/CARE TO AVOID AN EMERGENCY ROOM VISIT.AN ANNUAL CHARITY BALL FUNDRAISER BENEFITS THE HOUSE OF MERCY: A HOMELESS SHELTER IN JANESVILLE. IN FY2022 THE HOUSE OF MERCY PROVIDED 2,926 SHELTER NIGHTS. A TOTAL OF 98 INDIVIDUALS (59 ADULTS AND 39 CHILDREN) WERE SERVED. OTHER FUNDRAISERS WHOSE PROCEEDS BENEFITED THE HOUSE OF MERCY INCLUDE: BOOK SALE FUNDRAISERS, HOLIDAY ADOPT-A-FAMILY AND JEANS DAYS.
THE PARTNER CRISIS FUND RAISED FUNDS IN FY22 FOR AN EMPLOYEE CRISIS FUND. THE CRISIS FUND PROVIDES ASSISTANCE TO EMPLOYEES WHO HAVE EXPERIENCED A CRISIS SUCH AS A FLOOD OR FIRE IN THEIR HOME OR A SEVERE ILLNESS, INJURY OR DEATH OF A SPOUSE OR CHILD. MERCYHEALTH DEVELOPMENT FOUNDATION, INC. PROVIDED FUNDING ASSISTANCE FOR PATIENT CARE EXAMS AND THERAPIES, CLASSES, AND EQUIPMENT AS WELL AS PROVIDED INDIGENT INDIVIDUALS/FAMILIES WITH RENT ASSISTANCE AND TRANSPORTATION COSTS (BUS TOKENS). DONATIONS WERE ALSO USED TO ASSIST MERCYHEALTH AT HOME, A RELATED ORGANIZATION, IN CARING FOR THE ELDERLY, THE HOMEBOUND, THE RECOVERING AND THOSE FACING END OF LIFE. ADDITIONAL DONATIONS ARE ALSO USED TO FUND THE AUTISM SUPPORT PROGRAM, 8 INDIVIDUALS WERE ASSISTED IN FY22 THROUGH THAT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javon R Bea President & CEO (see Pages 46-49) | OfficerTrustee | 1 | $0 |
Mark L Goelzer MD Director/physician | Trustee | 1 | $0 |
Patrick O'keefe Chairperson | OfficerTrustee | 3 | $0 |
Marc L Barbeau Director | Trustee | 1 | $0 |
Chris Clapper Director | Trustee | 1 | $0 |
Deb Fortune Director (as Of 01/2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $308,976 |
| Related organizations | $507,865 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $824,146 |
| Noncash contributions included in lines 1a–1f | $443,039 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,640,987 |
| Total Program Service Revenue | $0 |
| Investment income | $84,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $484,838 |
| Net Income from Fundraising Events | -$96,426 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,113,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,489 |
| Grants and other assistance to domestic individuals. | $38,204 |
| Grants and other assistance to Foreign Orgs/Individuals | $432,395 |
| 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 | $159,923 |
| Pension plan accruals and contributions | $11,272 |
| Other employee benefits | $36,100 |
| Payroll taxes | $15,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,547 |
| Fees for services: Other | $12,282 |
| Advertising and promotion | $0 |
| Office expenses | $11,387 |
| Information technology | $506 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,182,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,429,324 |
| Savings and temporary cash investments | $1,785,042 |
| 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 | $23,975,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,857,411 |
| Total assets | $40,047,311 |
| Accounts payable and accrued expenses | $790,577 |
| 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 | $350,516 |
| Total liabilities | $1,141,093 |
| Net assets without donor restrictions | $20,859,550 |
| Net assets with donor restrictions | $18,046,668 |
| 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 | $40,047,311 |
Grants Awarded
Over the last fiscal year, Mercyhealth Development Foundation Inc has awarded $376,556 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MERCYHEALTH VISITING NURSES ASSOCIATION INC PURPOSE: HOSPICE, VNA EXPENSES, OTHER GRANTS | $14,590 |
ROCKFORD HEALTH PHYSICIANS PURPOSE: FREE CLINIC REIMB - INDIGENT ASSISTANCE | $14,546 |
JAVON BEA HOSPITAL PURPOSE: RONALD MCDONALD CAREMOBILE, PARTNER CRISIS FD & OTHER RESTRICTED DONATIONS | $347,420 |