Mount Mercy University

Organization Overview

Mount Mercy University is located in Cedar Rapids, IA. The organization was established in 1946. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Mount Mercy University employed 774 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mount Mercy University 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, Mount Mercy University generated $59.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $57.5m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE UNDERGRADUATE AND GRADUATE HIGHER EDUCATION FOR APPROXIMATELY 1,600 STUDENTS

Describe the Organization's Program Activity:

INSTRUCTION: PROVIDE GRADUATE AND UNDERGRADUATE HIGHER EDUCATION IN PROGRAMS INCLUDING TRADITIONAL DAYTIME FORMAT, NON TRADITIONAL EVENING FORMAT, ONLINE, AND ACCELERATED EVENING AND WEEKEND FORMAT. DEGREES GRANTED INCLUDE MFT, MSN, MBA, MSL, MA IN EDUCATION, MM, DMFT, AND DNP (GRADUATE PROGRAMS) AND BA, BS, BAS, BSN AND BBA (UNDERGRADUATE PROGRAMS). FOR FALL OF 2021, THERE WERE 1,071 TRADITIONAL, 77 ACCELERATED AND 206 GRADUATE, 142 ONLINE, AND 84 ONLINE GRADUATE STUDENTS. TOTAL UNDERGRADUATE FTE WAS 1,181; GRADUATE FTE WAS 255.


AUXILIARY SERVICES: PROVIDE RESIDENCE HALLS WITH CAPACITY OF 450 STUDENTS, MEALS (BOARD PLANS) FOR RESIDENTIAL AND NON-RESIDENTIAL STUDENTS AND BOOKSTORE FOR TEXTBOOK PURCHASES.


ACADEMIC SUPPORT: PROVIDE ACADEMIC RESOURCES TO ALL STUDENTS INCLUDING LIBRARY SERVICES, COMPUTER CENTER AND LABS, ACADEMIC ASSISTANCE AND CAMPUS MINISTRIES.


STUDENT SERVICES: ATHLETICS, HEALTH SERVICES, ADMISSIONS AND FINANCIAL AID.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cedar Service Company
Construction Services-roofing
$728,321
Ruffalo Noel Levitz
Student Recruitment Services & Donor Eng
$1,313,491
Rinderknecht Associates Inc
Construction Services
$1,171,110
Eab Global Inc
Student Recruitment & Marketing Services
$682,884
Aramark Corporation-campus Services
Food Service
$1,645,835
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$65,750
Related organizations$0
Government grants $6,402,906
All other contributions, gifts, grants, and similar amounts not included above$2,506,647
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,975,303
Total Program Service Revenue$48,390,916
Investment income $764,984
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,235,560
Net Income from Fundraising Events -$251
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $48,335
Miscellaneous Revenue$0
Total Revenue $59,414,847

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mount Mercy University has recieved totaling $10,700.

Awarding OrganizationAmount
$8,000
Mount Saint Clare Education Charitable Trust

Clinton, IA

PURPOSE: SCHOLARSHIPS

$2,700
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$36,315,412
Earnings-$1,852,807
Net Contributions$1,029,403
Other Expense$103,014
Grants$1,030,000
Ending Balance$34,358,994

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