Mercy Health Foundation Inc
- Assets
- $33.3m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 52-2173656
Organization Overview
Mercy Health Foundation Inc is located in Baltimore, MD. The organization was established in 1946. 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 Inc 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 Health Foundation Inc generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $10.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercy Health Foundation Inc has awarded 16 individual grants totaling $55,150,167. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE AND STRENGTHEN FUNDRAISING FOR MERCY MEDICAL CENTER AND STELLA MARIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENLIST PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS ANDFOUNDATIONS TO ADVANCE THE CAPITAL AND ENDOWMENT PRIORITIES OF MERCY HEALTH SERVICES AS APPROVED BY THE BOARD OF TRUSTEES OF MERCY HEALTH SERVICES. ADDITIONALLY, ENLISTED PHILANTHROPIC SUPPORT FROM INDIVIDUALS,CORPORATIONS AND FOUNDATIONS TO ADVANCE THE CAPITAL, OPERATING, AND ENDOWMENT PRIORITIES OF MERCY MEDICAL CENTER AS APPROVED BY THE BOARD OF TRUSTEES OF MERCY HEALTH SERVICES. RAISED OVER $3.3 MILLION IN OPERATING SUPPORT FOR THE BENEFIT OF 13,045 IN PATIENTS, 6,168 OBSERVATION CASES, 39,151 EMERGENCY DEPARTMENT VISITS, AND NEARLY 551,121 PRIMARY CARE AND SPECIALTY VISITS.
ENLIST PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO ADVANCE THE CAPITAL, OPERATING AND ENDOWMENT PRIORITIES OF STELLA MARIS AS APPROVED BY THE BOARD OF TRUSTEES OF MERCY HEALTH SERVICES. RAISED $444,633 IN OPERATING SUPPORT FOR THE BENEFIT OF 734 PATIENTS RECEIVING SUBACUTE SERVICES; 351 INPATIENT HOSPICE PATIENTS; 3,270 SKILLED HOMECARE AND HOME HOSPICE PATIENTS; 299 LONG-TERM CARE RESIDENTS, ON AVERAGE, EACH DAY, AND MORE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin C Deibel Treasurer | OfficerTrustee | 1.5 | $0 |
John F Cavanaugh Vice Chair | OfficerTrustee | 0.5 | $0 |
Michael J Batza Jr Chair | OfficerTrustee | 10 | $0 |
Caroline Senatore Secretary (beg '21) | OfficerTrustee | 0.5 | $0 |
Claudia E Keenan Secretary (thru '21) | OfficerTrustee | 40 | $0 |
David Maine MD President/ceo, Ex Officio (beg Jul) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $338,831 |
| Related organizations | $63,850 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,081,022 |
| Noncash contributions included in lines 1a–1f | $399,159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,483,703 |
| Total Program Service Revenue | $0 |
| Investment income | $780,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,274,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,130,192 |
| 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 | $219,225 |
| Fees for services: Investment Management | $109,851 |
| Fees for services: Other | $1,373,575 |
| Advertising and promotion | $10,640 |
| Office expenses | $127,383 |
| Information technology | $32,308 |
| Royalties | $0 |
| Occupancy | $1,763 |
| Travel | $405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,421 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,245,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,269,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,852,003 |
| 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 | $29,141,779 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,262,951 |
| 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 | $9,886,748 |
| Total liabilities | $9,886,748 |
| Net assets without donor restrictions | $884,411 |
| Net assets with donor restrictions | $22,491,792 |
| 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 | $33,262,951 |
Grants Awarded
Over the last fiscal year, Mercy Health Foundation Inc has awarded $8,130,192 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Timonium, MD PURPOSE: TO SUPPORT PATIENT SERVICES | $5,886,984 |
Baltimore, MD PURPOSE: TO SUPPORT CONSTRUCTION | $2,243,208 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Health Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Gorman Foundation Charitable Trust Aspen, CO PURPOSE: N A | $500 |
Endowment Analysis
| Beg. Balance | $2,054,993 |
| Ending Balance | $2,054,993 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Ufcw Local 1776 & Participating Employers Health & Welfare Fund Plymouth Meeting, PA | $60,321,476 | $63,078,058 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Five Pointe Professional Liability Insurance Company Wilmington, DE | $241,906,004 | $45,761,537 |
Childrens Hospital Pittsburgh Foundation Pittsburgh, PA | $343,464,938 | $65,119,589 |
Steamfitters Local 449 Medical & Benefit Fund Harmony, PA | $89,351,885 | $44,512,937 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
The Erm Group Health & Welfare Trust Malvern, PA | $0 | $29,217,705 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |
Indiana Jefferson Radiation Oncology Inc Indiana, PA | $76,804 | $26,313,559 |
Calvert Health System Inc Prince Frederick, MD | $134,464,089 | $23,125,484 |