Mercy Healthcare Foundation
- Assets
- $5.5m
- Revenue
- $459.6k
- Investments
- $5.4m
- Employees
- 0
- Location
- Valley City, ND
- Founding
- 11/1995
- Data as of
- 06/2021
- 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 06/2021, Mercy Healthcare Foundation generated $459.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $452.0k during the year ending 06/2021. While expenses have increased by 3.4% 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
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:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Heuser Administrator Mhvc | OfficerTrustee | 1 | $0 |
Stephen Spickenreuther Foundation Director | OfficerTrustee | 40 | $0 |
Sharla Barnett Chair | OfficerTrustee | 1 | $0 |
Cindy Waagen Vice Chair | OfficerTrustee | 1 | $0 |
Beth Smith Treasurer / Mercy Hosp. CFO | Officer | 1 | $0 |
Lisa Urbatsch Secretary | 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 | $57,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,660 |
| Total Program Service Revenue | $0 |
| Investment income | $63,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $337,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $451,797 |
| 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 | $88 |
| 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 | $0 |
| All other expenses | $110 |
| Total functional expenses | $451,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,099 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,939 |
| 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 | $3,690 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,391,588 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $186 |
| Total assets | $5,487,502 |
| Accounts payable and accrued expenses | $376,372 |
| 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 | $45,416 |
| Total liabilities | $421,788 |
| Net assets without donor restrictions | $4,906,340 |
| Net assets with donor restrictions | $159,374 |
| 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 | $5,487,502 |
Grants Awarded
Over the last fiscal year, Mercy Healthcare Foundation has awarded $451,797 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Valley City, ND PURPOSE: EQUIPMENT NEEDS FOR HOSPITAL | $433,281 |
Fargo, ND PURPOSE: PROGRAM SUPPORT | $18,516 |
Endowment Analysis
| Beg. Balance | $97,450 |
| Earnings | $25,351 |
| Ending Balance | $122,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avera At Home Sioux Falls, SD | $28,427,290 | $66,596,972 |
Fraser Child And Family Center Minneapolis, MN | $19,831,778 | $44,385,938 |
Ucare Health Inc Minneapolis, MN | $37,509,424 | $41,308,525 |
Regions Hospital Foundation Minneapolis, MN | $38,267,048 | $23,350,215 |
Rural Health Resource Center Duluth, MN | $3,768,085 | $11,820,757 |
Eh Services Inc Saint Paul, MN | $3,146,077 | $4,831,668 |
South Dakota Lions Eye And Tissue Bank Inc Sioux Falls, SD | $6,657,515 | $6,770,090 |
Independent Living Choices Sioux Falls, SD | $4,914,691 | $4,172,485 |
South Dakota Urban Indian Health Inc Sduih Pierre, SD | $2,836,800 | $3,549,609 |
Haiti Eye Mission Fargo, ND | $23,203 | $2,068,100 |
Exercisabilities Inc Rochester, MN | $1,848,752 | $2,102,087 |
Onamia Area Assisted Living Onamia, MN | $1,634,271 | $1,367,992 |