Mercy Healthcare Foundation Clinton
- Assets
- $5.7m
- Revenue
- $552.1k
- Investments
- $1.6m
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 42-1316126
Organization Overview
Mercy Healthcare Foundation Clinton, operating under the name Mercyone Clinton Foundation, is located in Clinton, IA. The organization was established in 1989. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Mercyone Clinton 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 06/2022, Mercyone Clinton Foundation generated $552.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $969.5k during the year ending 06/2022. While expenses have increased by 8.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR THE PROGRAMS OF MERCY MEDICAL CENTER - CLINTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOCUS OF MERCY HEALTHCARE FOUNDATION - CLINTON (THE FOUNDATION) IS TO HELP THE MEDICAL CENTER PROVIDE THE HIGHEST QUALITY OF CARE, IN THE SAFEST ENVIRONMENT TO OUR PATIENTS, RESIDENTS, THEIR FAMILIES AND GUESTS, AND TO ACHIEVE THE BEST POSSIBLE CARE EXPERIENCE. GIFTS TO THE FOUNDATION ARE USED TO ESTABLISH OR ENHANCE PROGRAMS, IMPROVE OR BUILD FACILITIES AND PURCHASE EQUIPMENT THAT WOULD OTHERWISE BE UNAVAILABLE DUE TO BUDGET CONSTRAINTS.FUNDS RAISED THIS YEAR CONTINUED TO HELP COMPLETE THE CAPITAL CAMPAIGN FOR THE NEW LINEAR ACCELERATOR, THE MACHINE THAT TARGETS AND DESTROYS CANCER CELLS. THE AVAILABILITY OF THE ADVANCED MACHINE ALLOWS RADIATION THERAPY CANCER CARE TO CONTINUE TO BE PROVIDED TO PATIENTS IN THE BI-STATE AREA AND EXPANDS TREATMENT OPTIONS. GIFTS WERE ALSO RECEIVED TO HELP WITH EMERGENCY NEEDS FOR PATIENT SUPPORT, INCLUDING CANCER CARE AND NEWBORN LOSS. IN ADDITION, FUNDS WERE RAISED FOR SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE. THE FOUNDATION ASSISTED IN PURCHASING INFANT WARMERS, CARDIAC EQUIPMENT, CLINICAL AND INFUSION CHAIRS, CT SCANNER, WHEELCHAIR SCALES AND INFANT SCALES, AMONG OTHER PATIENT CARE EQUIPMENT. WITH THE COVID-19 PANDEMIC, A MERCYONE CLINTON COVID-19 RESPONSE FUND SUPPORTED ORGANIZATION-WIDE RESILIENCY EFFORTS AND TO PURCHASE EQUIPMENT AND SUPPLIES.$25,486 IN SCHOLARSHIPS WAS AWARDED DURING THE FISCAL YEAR TO THOSE PURSUING EDUCATION IN HEALTH CARE FIELDS.PLEASE VISIT THE WEBSITE FOR ADDITIONAL INFORMATION:WWW.MERCYONE.ORG/CLINTON/GIVING/
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Duwe VP Finance Eastern Iowa Region | Officer | 1 | $0 |
Amy Berentes Director; Evp COO Mercyone Clinton | Trustee | 1 | $0 |
Susan Hafkemeyer Dir & Dub Fnd Exec Dir Through 5/22 | Trustee | 1 | $0 |
Patsy Mohr Treas; Mercyone Clinton Fin Analyst | Officer | 1 | $0 |
Julie Dunn Exec Dir; Mercyone Clinton Mktg Dir | Officer | 16 | $0 |
Lisa Myli Sec; Mercyone Admin/volunteer Coord | Officer | 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 | $237,244 |
| Noncash contributions included in lines 1a–1f | $6,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,244 |
| Total Program Service Revenue | $0 |
| Investment income | $168,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $17,919 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,139 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $903,309 |
| Grants and other assistance to domestic individuals. | $26,604 |
| 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 | $20,310 |
| Fees for services: Other | $15 |
| Advertising and promotion | $1,260 |
| Office expenses | $1,996 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,313 |
| All other expenses | $0 |
| Total functional expenses | $969,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,852 |
| Savings and temporary cash investments | $329,298 |
| Pledges and grants receivable | $32,790 |
| 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 | $3,526,280 |
| Investments—other securities | $1,625,018 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,716 |
| Total assets | $5,656,954 |
| Accounts payable and accrued expenses | $3,132 |
| 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 | $5,410 |
| Total liabilities | $8,542 |
| Net assets without donor restrictions | $4,526,870 |
| Net assets with donor restrictions | $1,121,542 |
| 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 | $5,656,954 |
Grants Awarded
Over the last fiscal year, Mercy Healthcare Foundation Clinton has awarded $903,309 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY MEDICAL CENTER - CLINTON INC PURPOSE: COMMUNITY SUPPORT | $897,496 |
RIVER CITIES INFORMATION REFERRAL AND ASSISTANCE SERVICES PURPOSE: MED TREE DONATIONS | $5,813 |