Mercy College Of Health Sciences
- Assets
- $43.1m
- Revenue
- $20.5m
- Investments
- $14.4m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 42-1511682
Organization Overview
Mercy College Of Health Sciences is located in Des Moines, IA. The organization was established in 1946. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy College Of Health Sciences 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 College Of Health Sciences generated $20.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $18.7m during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MERCY COLLEGE OF HEALTH SCIENCES (MCHS) IS A CATHOLIC INSTITUTION OF HIGHER EDUCATION PREPARING GRADUATES FOR SERVICE AND LEADERSHIP IN THE HEALTH CARE COMMUNITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Keeler President, Chi Iowa Corp | OfficerTrustee | 1 | $0 |
Douglas Fiore Ceo/president Mercy College Of Health Sciences | OfficerTrustee | 50 | $0 |
Thomas Reitinger Treasurer | OfficerTrustee | 1 | $0 |
Paul Erickson Vice Chair | OfficerTrustee | 1 | $0 |
Mary Sheldahl Chair | OfficerTrustee | 1 | $0 |
Emily Mcallister Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Heart Association Medical Services | 6/29/21 | $258,337 |
Elsevier Information & Publishing Services | 6/29/21 | $236,050 |
Nursetim Inc Consulting Services | 6/29/21 | $163,221 |
Ellucian Company Lp Technology Solutions | 6/29/21 | $115,592 |
Lessing-flynn Advertising Co Advertising Services | 6/29/21 | $573,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,918 |
| Government grants | $713,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $55,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $724,664 |
| Total Program Service Revenue | $18,743,626 |
| Investment income | $176,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $889,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,537,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $488,344 |
| 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 | $3,285 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,117,447 |
| Advertising and promotion | $446,204 |
| Office expenses | $659,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,861,983 |
| Travel | $22,888 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,721 |
| Interest | $0 |
| Payments to affiliates | $247,762 |
| Depreciation, depletion, and amortization | $344,428 |
| Insurance | $0 |
| All other expenses | $149,268 |
| Total functional expenses | $18,744,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,999 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,053,725 |
| 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 | $252,267 |
| Net Land, buildings, and equipment | $4,191,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,435,787 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,139,033 |
| Total assets | $43,076,870 |
| Accounts payable and accrued expenses | $972,206 |
| 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 | $3,175,136 |
| Total liabilities | $4,147,342 |
| Net assets without donor restrictions | $38,929,528 |
| Net assets with donor restrictions | $0 |
| 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 | $43,076,870 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mercy College Of Health Sciences has recieved totaling $60,100.
| Awarding Organization | Amount |
|---|---|
Telligen Community Initiative West Des Moines, IA PURPOSE: THIS PROJECT IS TO SIGNIFICANTLY EXPAND MERCY COLLEGE OF HEALTH SCIENCES' MA CERTIFICATE AND ASSOCIATE DEGREE PROGRAM. THIS WILL INCLUDE PARTNERING WITH CLINICAL PARTNERS IN THREE IOWA CITES TO PROVIDE MA TRAINING IN THEIR HOME COMMUNITIES; AND INCREASING THE NUMBER OF STUDENTS ENROLLING AND GRADUATING IN THE PROGRAM, HELPING FILL A WORKFORCE GAP IN IOWA. | $50,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Scholarship | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $8,416,400 |
| Earnings | $1,611,445 |
| Net Contributions | $505,034 |
| Grants | $520,548 |
| Ending Balance | $10,012,331 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy College Of Health Sciences Des Moines, IA | $43,076,870 | $20,537,196 |
Lasallian Educational And Research Initiatives Winona, MN | $27,170,311 | $6,283,560 |
Catholic Council For Social Concern Inc Des Moines, IA | $7,346,426 | $6,681,494 |
Fidelis Madison, WI | $2,636,949 | $4,754,241 |
Shrine Of Our Lady Of Guadalupe Of The Diocese Of La Crosse Inc La Crosse, WI | $53,966,591 | $4,547,463 |
The Evangelical Catholic Inc Madison, WI | $1,045,637 | $2,564,857 |
Sacred Heart At Monastery Lake Inc Franklin, WI | $12,481,304 | $2,150,033 |
Cristo Rey Jesuit Corporate Work Study Program Inc Milwaukee, WI | $540,902 | $2,112,972 |
St Francis Mission St Francis, SD | $9,676,600 | $2,002,060 |
United States Catholic Conference Barrington, IL | $18,377,452 | $2,584,855 |
Margarets Village Chicago, IL | $1,100,543 | $2,234,749 |
Society Of St Vincent De Paul Racine County Council Inc Racine, WI | $1,705,699 | $2,276,481 |