Mercy Health Foundation Ardmore
- Assets
- $4.5m
- Revenue
- $921.9k
- Investments
- $3.0m
- Employees
- 0
- Location
- Ardmore, OK
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 71-0962525
Organization Overview
Mercy Health Foundation Ardmore is located in Ardmore, OK. 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 Ardmore 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 06/2020, Mercy Health Foundation Ardmore generated $921.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.6m during the year ending 06/2020. While expenses have increased by 8.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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 ARDMORE IS ORGANIZED AND OPERATED FOR THE BENEFIT OF MERCY HOSPITAL ARDMORE (THE SUPPORTED ORGANIZATION), AN ORGANIZATION THAT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF HEALTH AND PREVENTION OF DISEASE.DONATIONS ARE MADE TO MERCY HEALTH FOUNDATION ARDMORE TO SUPPORT THE PROVISION OF CHARITY CARE TO PATIENTS OF MERCY HOSPITAL ARDMORE, CAPITAL NEEDS AND PROGRAMS IDENTIFIED TO BENEFIT PATIENTS CARED FOR AT MERCY HOSPITAL ARDMORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brown Morris Exec Director Finance | Officer | 5 | $0 |
Cummins Lori VP - Development | Officer | 10 | $0 |
Dvorak Lesley Executive Director, Foundation | Trustee | 40 | $0 |
Voss Daryle President, Mercy Hosp Ardmore & B M | Trustee | 12 | $0 |
Armstrong Gay Erica Board Member | Trustee | 1 | $0 |
Blackmon Warren Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $901,746 |
| Investment income | $31,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $921,910 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $155,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,523 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,622 |
| Advertising and promotion | $798 |
| Office expenses | $9,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,749 |
| 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 | $0 |
| Total functional expenses | $1,607,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,597 |
| Savings and temporary cash investments | $1,030,466 |
| Pledges and grants receivable | $4,115 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,004,478 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,535,656 |
| Accounts payable and accrued expenses | $5,351 |
| 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 | $71,475 |
| Total liabilities | $76,826 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,458,830 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mercy Health Foundation Ardmore has recieved totaling $555,000.
| Awarding Organization | Amount |
|---|---|
Southern Oklahoma Memorial Foundation Inc Ardmore, OK PURPOSE: GRANT - CT SCANNER RADIOLOGY EQUIPMENT | $450,000 |
J Lyndall Mccrory Robert Fulton Mccrory & Montie Ray Mccrory Fdn Ardmore, OK PURPOSE: CANCER CENTER LINEAR ACCELERATOR REPLACEMENT | $100,000 |
Oge Energy Foundation Inc Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |