Mercy Foundation-Bakersfield
- Assets
- $44.5m
- Revenue
- $2.9m
- Investments
- $7.7m
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 77-0201321
Organization Overview
Mercy Foundation-Bakersfield is located in Bakersfield, CA. 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 Foundation-Bakersfield 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 Foundation-Bakersfield generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mercy Foundation-Bakersfield has awarded 18 individual grants totaling $17,873,416. 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
TO PROVIDE SUPPORT TO DIGNITY HEALTH HOSPITALS IN BAKERSFIELD CA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS AN IRC SEC 509(A)(3) SUPPORTING ORGANIZATION TO DIGNITY HEALTH. AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF DIGNITY HEALTH. FOUNDATION SUPPORT ALLOWS THE HOSPITAL TO FURTHER ITS MISSION BY MAKING THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Peters Board Member/ Foundation President (thru 1/7/22) | OfficerTrustee | 1 | $0 |
David Yeager Former Officer (interim Cfo) | 1 | $0 | |
Hemmal Kothary MD Board Member/interim Fnd President (1/2022- 7/10/2 | OfficerTrustee | 1 | $0 |
Benjamin Locklear CFO | OfficerTrustee | 1 | $0 |
Toni Harper Board Member/executive Director | OfficerTrustee | 50 | $0 |
Sr Judy Morasci Rsm Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,750 |
| Related organizations | $795,611 |
| Government grants | $56,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,263,562 |
| Noncash contributions included in lines 1a–1f | $74,825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,923 |
| Total Program Service Revenue | $0 |
| Investment income | $173,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $564,032 |
| Net Income from Fundraising Events | -$20,594 |
| Net Income from Gaming Activities | $7,242 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,896,110 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,962,801 |
| 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 | $0 |
| Fees for services: Investment Management | $28,587 |
| Fees for services: Other | $663,558 |
| Advertising and promotion | $3,060 |
| Office expenses | $50,705 |
| Information technology | $1,213 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,529 |
| 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 | $2,738,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,120,191 |
| Pledges and grants receivable | $4,554,489 |
| 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 | $3,984,172 |
| Investments—other securities | $7,723,175 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,178 |
| Total assets | $44,544,205 |
| Accounts payable and accrued expenses | $2,750 |
| Grants payable | $1,232,285 |
| 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 | $10,145 |
| Total liabilities | $1,245,180 |
| Net assets without donor restrictions | $35,554,651 |
| Net assets with donor restrictions | $7,744,374 |
| 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 | $44,544,205 |
Grants Awarded
Over the last fiscal year, Mercy Foundation-Bakersfield has awarded $1,962,801 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIGNITY HEALTH DBA MERCY HOSPITAL BAKERSFIELD PURPOSE: HOSPITAL SUPPORT | $1,809,740 |
BAKERSFIELD MEMORIAL HOSPITAL PURPOSE: HOSPITAL SUPPORT | $153,061 |