Mercy Healthcare Foundation
- Assets
- $4.8m
- Revenue
- $377.1k
- Investments
- $4.6m
- Employees
- 0
- Location
- Valley City, ND
- Founding
- 11/1995
- Data as of
- 06/2022
- EIN
- 45-0435338
Organization Overview
Mercy Healthcare Foundation is located in Valley City, ND. The organization was established in 1995. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., 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. Mercy Healthcare 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, Mercy Healthcare Foundation generated $377.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $207.0k during the year ending 06/2022. 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
THE FOUNDATION IS DEDICATED TO THE SUPPORT OF PROGRAMS AND PROJECTS THAT WILL EXPAND AND ENHANCE HEALTHCARE, EDUCATION, AND OTHER HEALTH-RELATED SERVICES THROUGHOUT THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Thompson Interim President Mhvc | OfficerTrustee | 1 | $0 |
Keith Heuser Administrator Mhvc (thru 7/2021) | OfficerTrustee | 1 | $0 |
Joshua Senger Former Treasurer / Mercy Hosp. CFO | 0 | $0 | |
Beth Smith Treasurer / Mercy Hosp. CFO | Officer | 1 | $0 |
Stephen Spickenreuther Foundation Director | OfficerTrustee | 40 | $0 |
Lisa Urbatsch Board Secretary (thru 8/2021) | 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 | $78,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,206 |
| Total Program Service Revenue | $0 |
| Investment income | $48,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $250,164 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $191,876 |
| 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 | $103 |
| 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 | $127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,868 |
| Total functional expenses | $206,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $191,083 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,878 |
| 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 | $4,613 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,607,267 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186 |
| Total assets | $4,814,027 |
| Accounts payable and accrued expenses | $0 |
| 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 | $65,569 |
| Total liabilities | $65,569 |
| Net assets without donor restrictions | $4,590,114 |
| Net assets with donor restrictions | $158,344 |
| 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 | $4,814,027 |
Grants Awarded
Over the last fiscal year, Mercy Healthcare Foundation has awarded $189,626 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHI HEALTH CONNECT AT HOME - FARGO PURPOSE: PROGRAM SUPPORT | $55,832 |
MERCY HOSPITAL OF VALLEY CITY PURPOSE: EQUIPMENT NEEDS FOR HOSPITAL | $133,794 |