Mercy Healthcare Foundation Clinton
- Assets
- $6.9m
- Revenue
- $414.2k
- Investments
- $1.6m
- Employees
- 0
- Location
- Clinton, IA
- Founding
- 03/1989
- Data as of
- 06/2021
- 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 06/2021, Mercyone Clinton Foundation generated $414.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.8m 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 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 PURCHASE TWO WIRELESS PATCH MONITORS AND FIVE BASSINETS FOR THE MERCYONE CLINTON BIRTH CENTER AND A NEW MOBILE ULTRASOUND DEVICE FOR THE EMERGENCY DEPARTMENT. WITH THE COVID-19 PANDEMIC, A MERCYONE CLINTON COVID-19 RESPONSE FUND WAS ESTABLISHED TO SUPPORT ORGANIZATION-WIDE RESILIENCY EFFORTS, PURCHASE EQUIPMENT/SUPPLIES AND PROVIDE EMERGENCY FINANCIAL RELIEF FOR COLLEAGUES AT MERCYONE CLINTON.$23,064 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 |
|---|---|---|---|
James Nelson Director; Vice Chair As Of 1/21 | OfficerTrustee | 1 | $0 |
Joan Current Director; Chair | OfficerTrustee | 1 | $0 |
Brenda Thornton Director & Vice Chair Through 12/20 | OfficerTrustee | 1 | $0 |
Kim Duwe VP Finance Eastern Iowa Region | Officer | 1 | $0 |
Julie Dunn Exec Dir; Mercyone Clinton Mktg Dir | Officer | 16 | $0 |
Patsy Mohr Treas; Mercyone Clinton Fin Analyst | 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 | $70,983 |
| Noncash contributions included in lines 1a–1f | $63,177 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,983 |
| Total Program Service Revenue | $0 |
| Investment income | $130,218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $212,964 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,716,770 |
| Grants and other assistance to domestic individuals. | $23,064 |
| 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 | $18,487 |
| Fees for services: Other | $621 |
| Advertising and promotion | $2,607 |
| Office expenses | $837 |
| 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 | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $1,779,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,180 |
| Savings and temporary cash investments | $680,650 |
| Pledges and grants receivable | $307,468 |
| 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 | $4,173,174 |
| Investments—other securities | $1,595,407 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,928,879 |
| Accounts payable and accrued expenses | $100 |
| 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 | $69,201 |
| Total liabilities | $69,301 |
| Net assets without donor restrictions | $5,341,838 |
| Net assets with donor restrictions | $1,517,740 |
| 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 | $6,928,879 |
Grants Awarded
Over the last fiscal year, Mercy Healthcare Foundation Clinton has awarded $422,822 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Clinton, IA PURPOSE: COMMUNITY SUPPORT | $322,822 |
Davenport, IA PURPOSE: COMMUNITY SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Healthcare Foundation Clinton has recieved totaling $42,000.
| Awarding Organization | Amount |
|---|---|
Timken Foundation Of Canton Canton, OH PURPOSE: CT SCANNER | $40,000 |
Allison Everett Pearson Foundation Clinton, IA PURPOSE: SAMARITAN FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $428,426 |
| Earnings | $82,908 |
| Net Contributions | $22,494 |
| Grants | $8,700 |
| Ending Balance | $525,128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent Ras Inc St Louis, MO | $32,804,028 | $6,446,030 |
St Vincent Jennings Hospital Inc St Louis, MO | $11,643,648 | $21,973,222 |
Mercy Hospital Cassville Cassville, MO | $6,399,799 | $16,353,383 |
Providence Hospital St Louis, MO | $40,301,832 | $6,465,043 |
United Family Practice Health Center St Paul, MN | $22,572,994 | $14,233,034 |
Philip Health Services Inc Philip, SD | $22,337,668 | $17,795,020 |
St Camillus Health System Inc Wauwatosa, WI | $278,277,925 | $13,870,533 |
Ucm Community Health & Hospital Division Inc Harvey, IL | $52,420,395 | $14,065,733 |
Farmington Health Services Farmington, MN | $23,385,076 | $12,712,789 |
Memorial Health System Springfield, IL | $23,178,318 | $13,590,032 |
Duluth Health Services Duluth, MN | $18,442,611 | $12,028,676 |
Alexian Brothers Hospital Network St Louis, MO | $134,162,736 | $15,418,053 |