Mercy Health Foundation Northwest Arkansas
- Assets
- $25.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Rogers, AR
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 71-0601687
Organization Overview
Mercy Health Foundation Northwest Arkansas is located in Rogers, AR. 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 Northwest Arkansas 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 Northwest Arkansas generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $11.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercy Health Foundation Northwest Arkansas has awarded 33 individual grants totaling $23,951,421. 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
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:
Part 3 - Line 4a
MERCY HEALTH FOUNDATION NORTHWEST ARKANSAS IS A NOT-FOR-PROFIT CORPORATION CREATED TO ENHANCE, THROUGH PHILANTHROPY, THE QUALITY OF CARE AND SERVICES PROVIDED BY MERCY HOSPITAL ROGERS IN ARKANSAS. 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 NORTHWEST ARKANSAS INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chief Strategic Growth Officer - Nwa | OfficerTrustee | 10 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member (thru 8/21) | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Embassy Suites Rogers Event Hosting | 6/29/19 | $175,480 |
Apc Fund Raising | 6/29/19 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $911,271 |
| Related organizations | $1,230,989 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,316,442 |
| Noncash contributions included in lines 1a–1f | $624,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,458,702 |
| Total Program Service Revenue | $0 |
| Investment income | -$2,354,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$251 |
| Net Income from Fundraising Events | -$346,636 |
| Net Income from Gaming Activities | $13,705 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,770,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,334,775 |
| Grants and other assistance to domestic individuals. | $508,403 |
| 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 | $982,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $227,573 |
| 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 | $56 |
| Advertising and promotion | $60,684 |
| Office expenses | $16,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,215 |
| Travel | $13,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,277 |
| Insurance | $0 |
| All other expenses | $90,914 |
| Total functional expenses | $11,508,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,455,491 |
| 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 | $108,378 |
| Net Land, buildings, and equipment | $46,466 |
| Investments—publicly traded securities | $19,722,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,259,000 |
| Total assets | $25,008,567 |
| Accounts payable and accrued expenses | $2,146 |
| Grants payable | $0 |
| Deferred revenue | $411,550 |
| 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 | $374,837 |
| Total liabilities | $788,533 |
| Net assets without donor restrictions | $13,347,572 |
| Net assets with donor restrictions | $10,872,462 |
| 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 | $25,008,567 |
Grants Awarded
Over the last fiscal year, Mercy Health Foundation Northwest Arkansas has awarded $9,247,937 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY HOSPITAL ROGERS PURPOSE: Capital Support | $9,097,752 |
MERCY HOSPITAL ROGERS PURPOSE: PROGRAM SUPPORT | $90,184 |
MERCY HEALTH NWA COMMUNITIES PURPOSE: PROGRAM SUPPORT | $60,001 |