Mercy Foundation Inc
- Assets
- $7.5m
- Revenue
- $126.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 36-3227350
Organization Overview
Mercy Foundation Inc is located in Chicago, IL. The organization was established in 1946. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy 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 06/2021, Mercy Foundation Inc generated $126.6k 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 (26.9%) each year. All expenses for the organization totaled $260.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE PROGRAMS OF MERCY HEALTH SYSTEM OF CHICAGO AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY FOUNDATION BEGAN IN 1983 AND IS LOCATED IN CHICAGO, ILLINOIS. THE FOUNDATION IS THE FUNDRAISING ARM OF MERCY HEALTH SYSTEM OF CHICAGO.THE FOUNDATION RAISED $126,604 IN FISCAL YEAR 2021. THE FOUNDATION RASISES FUNDS THROUGH VARIOUS OUTLETS SUCH AS SPECIAL EVENTS INCLUDING ANNUAL APPEAL CAMPAIGNS, EMPLOYEE FUNDRAISING, AND GRANTS. THE FOUNDATION SUPPORTS SUCH PROGRAMS WITHIN THE HOSPITAL AS THE COMPREHENSIVE BREAST CARE AND HEART & VASCULAR CENTERS, NURSING EDUCATION, MATERNAL & CHILD HEALTH AND SEVERAL OTHER MUCH NEEDED SERVICES AND PROGRAMS FOR THE COMMUNITY. MERCY HOSPITAL AND MEDICAL CENTER CEASED OPERATIONS AS OF MAY 31, 2021 AND AS SUCH, THE MERCY FOUNDATION CEASED REQUESTING CONTRIBUTIONS AS OF MAY 31,2021.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Garikes-Schneider Director; President & CEO | OfficerTrustee | 1 | $0 |
Thomas Caplis Director; Chair | OfficerTrustee | 1 | $0 |
Silia Miglio Treasurer; Vp, Finance | Officer | 1 | $0 |
Jeffrey Mathis Secretary; Associate Counsel | Officer | 1 | $0 |
Michael Markos MD Director; Physician | Trustee | 1 | $0 |
Jeffrey Kramer MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,604 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,604 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $244,782 |
| 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 | $0 |
| 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 | $386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,798 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $82 |
| Total functional expenses | $260,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,494,613 |
| Savings and temporary cash investments | $2,730,885 |
| 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 | $2,116,824 |
| Investments—other securities | $1,139,828 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $7,482,600 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $972,047 |
| Total liabilities | $974,047 |
| Net assets without donor restrictions | $3,707,171 |
| Net assets with donor restrictions | $2,801,382 |
| 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 | $7,482,600 |
Grants Awarded
Over the last fiscal year, Mercy Foundation Inc has awarded $112,668 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: COMMUNITY SUPPORT | $28,375 |
Chicago, IL PURPOSE: COMMUNITY SUPPORT | $28,375 |
Maywood, IL PURPOSE: COMMUNITY SUPPORT | $27,959 |
Maywood, IL PURPOSE: COMMUNITY SUPPORT | $27,959 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Foundation Inc has recieved totaling $1,500,000.
| Awarding Organization | Amount |
|---|---|
Wayne And Nan Kocourek Foundation Buffalo Grove, IL PURPOSE: TO SUPPORT OPERATIONAL AND PROGRAM EXPENSES. | $1,500,000 |
Endowment Analysis
| Beg. Balance | $3,504,174 |
| Earnings | -$819,042 |
| Net Contributions | $116,250 |
| Ending Balance | $2,801,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
United Way Of Central Indiana Inc Indianapolis, IN | $217,442,591 | $59,941,831 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
James Whitcomb Riley Memorial Association Indianapolis, IN | $429,029,854 | $68,543,198 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |