Mercy Health Foundation Ada
- Assets
- $2.4m
- Revenue
- $634.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Ada, OK
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 46-3596274
Organization Overview
Mercy Health Foundation Ada is located in Ada, OK. The organization was established in 0000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Health Foundation Ada 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 Health Foundation Ada generated $634.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $524.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS THE SISTERS OF MERCY BEFORE US, WE BRING TO LIFE THE HEALING MINISTRY OF JESUS THROUGH OUR COMPASSIONATE CARE AND EXCEPTIONAL SERVICE.
Describe the Organization's Program Activity:
MERCY HEALTH FOUNDATION ADA IS A NOT-FOR-PROFIT CORPORATION CREATED TO ENHANCE, THROUGH PHILANTHROPY, THE QUALITY OF CARE AND SERVICES PROVIDED BY MERCY HOSPITAL ADA IN OKLAHOMA. THIS OBJECTIVE IS ACCOMPLISHED BY RAISING REVENUE FROM A VARIETY OF SOURCES INCLUDING DONATIONS. THE GOAL OF THE FOUNDATION IS TO SEEK, ACQUIRE, ACCEPT, HOLD, INVEST, RE-INVEST, AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUST, AND PROPERTY TO USE AND DISBURSE INCOME AND PRINCIPAL THEREOF FOR THE BENEFIT OF MERCY ADA INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Babb Maranda Board Member | Trustee | 1 | $0 |
Broderick Megan Board Member | Trustee | 1 | $0 |
Clark Lucas Board Member | Trustee | 1 | $0 |
Criswell James Board Member | Trustee | 1 | $0 |
Emerson Scott Board Member | Trustee | 1 | $0 |
Essary Todd Exec Director Philantrophy & Bm | OfficerTrustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $139,528 |
| Related organizations | $233,614 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,096 |
| Noncash contributions included in lines 1a–1f | $46,525 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,238 |
| Total Program Service Revenue | $0 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $274,626 |
| 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 | $169,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,182 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,439 |
| Office expenses | $1,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,769 |
| 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 | $21,683 |
| Total functional expenses | $524,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,789 |
| 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 | $264 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,261,814 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,404,149 |
| Accounts payable and accrued expenses | $2,256 |
| Grants payable | $0 |
| Deferred revenue | $21,001 |
| 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 | $22,801 |
| Total liabilities | $46,058 |
| Net assets without donor restrictions | $402,846 |
| Net assets with donor restrictions | $1,955,245 |
| 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 | $2,404,149 |
Grants Awarded
Over the last fiscal year, Mercy Health Foundation Ada has awarded $1,118,185 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY HOSPITAL ADA PURPOSE: CHARITABLE SUPPORT | $1,097,600 |
MERCY ORTHO SURGERY (MERCY CLINIC OK COMMUNITIES) PURPOSE: CHARITABLE SUPPORT | $20,585 |