Mercy Care Foundation Inc
- Assets
- $110.0m
- Revenue
- $18.3m
- Investments
- $17.6m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1981
- Data as of
- 06/2021
- EIN
- 58-1448522
Organization Overview
Mercy Care Foundation Inc is located in Atlanta, GA. The organization was established in 1981. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Care 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 Care Foundation Inc generated $18.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 17.4% 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.
Since 2016, Mercy Care Foundation Inc has awarded 12 individual grants totaling $16,406,600. 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 PROVIDE SUPPORT FOR THE PROGRAMS OF SAINT JOSEPH'S HEALTH SYSTEM AND ITS AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1981, MERCY CARE FOUNDATION (FOUNDATION), LOCATED IN ATLANTA, GA, HAS SERVED AS THE FUND-RAISING ARM OF THE SAINT JOSEPH'S HEALTH SYSTEM. IN RECENT YEARS, THE FOUNDATION'S SUPPORT HAS BEEN DIRECTED TOWARD TWO SPECIFIC ENTITIES WITHIN SAINT JOSEPH'S HEALTH SYSTEM: SAINT JOSEPH'S MERCY CARE SERVICES (D/B/A MERCY CARE SERVICES) AND MERCY SENIOR CARE (D/B/A MERCY CARE ROME). THE FOUNDATION RAISED OVER $11 MILLION IN FISCAL YEAR 2021 FROM INDIVIDUALS, CORPORATIONS, PRIVATE FOUNDATIONS AND THE FEDERAL AND STATE GOVERNMENT WITH ASSISTANCE FROM DEDICATED VOLUNTEERS AND GENEROUS FRIENDS. THESE CONTRIBUTIONS HELP MERCY CARE SERVICES AND MERCY CARE ROME TO MEET THE VAST MEDICAL, DENTAL AND SOCIAL SERVICE NEEDS OF THE UNINSURED AND UNDERINSURED COMMUNITY AND TO RESPOND TO THE UNMET NEEDS OF OLDER PERSONS IN THE COMMUNITY. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.MERCYATLANTA.ORG/FOUNDATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Thomas Andrews Director; President & CEO | OfficerTrustee | 4 | $0 |
Steven Siler Director; Foundation President | OfficerTrustee | 40 | $0 |
Timothy Doyle Director; Vice Chair As Of 1/21 | OfficerTrustee | 2 | $0 |
Rich D'amaro Director; Chair | OfficerTrustee | 2 | $0 |
Edward Kennedy Jr Director; Vice Chair Through 12/20 | OfficerTrustee | 2 | $0 |
Erica Stokes Treasurer; Sjmcs CFO | Officer | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
St Regis Atlanta Catering Services | 6/29/19 | $126,646 |
Type A Development Llc Event Planning Services | 6/29/19 | $119,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,427 |
| Membership dues | $0 |
| Fundraising events | $64,020 |
| Related organizations | $2,846,330 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,254,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,175,726 |
| Total Program Service Revenue | $0 |
| Investment income | $4,565,220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,494,269 |
| Net Income from Fundraising Events | -$3,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,265,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,660,023 |
| Grants and other assistance to domestic individuals. | $26,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $218,232 |
| Compensation of current officers, directors, key employees. | $43,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $562,438 |
| Pension plan accruals and contributions | $19,007 |
| Other employee benefits | $140,892 |
| Payroll taxes | $38,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71,405 |
| Fees for services: Other | $95,608 |
| Advertising and promotion | $5,411 |
| Office expenses | $19,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,000 |
| Travel | $544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $692 |
| Interest | $22,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,330 |
| All other expenses | $0 |
| Total functional expenses | $4,006,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,922,582 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,779,438 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,625 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $76,832,080 |
| Investments—other securities | $17,614,765 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,041 |
| Total assets | $110,044,871 |
| Accounts payable and accrued expenses | $96,753 |
| 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 | $2,393,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $639,340 |
| Total liabilities | $3,129,671 |
| Net assets without donor restrictions | $91,838,466 |
| Net assets with donor restrictions | $15,076,734 |
| 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 | $110,044,871 |
Grants Awarded
Over the last fiscal year, Mercy Care Foundation Inc has awarded $2,648,337 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $2,430,923 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $217,414 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Care Foundation Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Three Sibs Foundation Inc Atlanta, GA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Whitcomb Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $42,123,313 |
| Earnings | $10,277,976 |
| Admin Expense | $152,288 |
| Net Contributions | $9,185,292 |
| Other Expense | $5,627,081 |
| Ending Balance | $55,807,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Healthcare System Inc Warner Robins, GA | $2,831,389 | $10,479,781 |
Montgomery Baptist Outreach Services Corporation Montgomery, AL | $20,272,262 | $12,064,663 |
West Florida Health Home Care Inc Temple Terrace, FL | $9,306,071 | $17,546,584 |
Baptist Memorial Health Care Foundation Memphis, TN | $704,887,527 | $54,101,503 |
West Georgia Health Foundation Inc Marietta, GA | $8,141,093 | $4,609,093 |
Mount Sinai Medical Center Foundation Inc Miami Beach, FL | $381,873,831 | $56,255,268 |
Le Bonheur Childrens Hospital Foundation Memphis, TN | $96,675,707 | $25,710,554 |
Trustees Of Medical Services Of Am Inc Empl Health Ben Plan 6 Tr Lexington, SC | $5,490 | $14,210,986 |
Baptist Health System Foundation Inc Jacksonville, FL | $315,907,780 | $49,455,199 |
Rowan Regional Medical Center Foundation Inc Winston Salem, NC | $63,491,170 | $11,479,503 |
Harry-Anna Investment Fund Inc Umatilla, FL | $366,026,272 | $19,311,670 |
Morton Plant Mease Health Care Foundation Inc Clearwater, FL | $126,171,724 | $8,632,525 |