Mercy Research
- Assets
- $1.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 87-0796305
Organization Overview
Mercy Research is located in Springfield, MO. The organization was established in 1946. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Research 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 Research generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $9.0m during the year ending 06/2020. While expenses have increased by 23.6% 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 RESEARCH COMPRISES THE RESEARCH ACTIVITIES THAT OCCUR THROUGHOUT MERCY HEALTH. MERCY RESEARCH IS ORGANIZED FOR THE PROMOTION OF MEDICAL RESEARCH THAT IMPROVES HEALTH AND PREVENTS DISEASE. MERCY RESEARCH IS A CENTRALIZED, MULTI-FACETED RESEARCH GROUP WITHIN MERCY HEALTH, COMPRISED OF CLINICIANS, ENGINEERS, SCIENTISTS AND BUSINESS SPECIALISTS DEDICATED TO IMPROVING PATIENT CARE AND THE CONTINUOUS ADVANCEMENT OF MEDICINE. PRODUCT DESIGN AND DEVELOPMENT AND CLINICAL VALIDATION ARE AT THE CORE OF MERCY RESEARCH. MERCY RESEARCH IS COMMITTED TO ADVANCING THE QUALITY OF HEALTHJ CARE FOR INDIVIDUALS AND COMMUNITIES BY BEING A LEADER IN INNOVATIVE CLINICAL, SCEIENTIFIC AND HEALTH SERVICES RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcqueary MD Fred G Srvp Cl Int& Bd Mb (term 7/20) | OfficerTrustee | 1 | $0 |
Richmond Jacquelynn SVP Dep Gl Cl & Sec (beg 8/20) | OfficerTrustee | 1 | $0 |
Starke MD Keith Consultant - Clinical Services | OfficerTrustee | 4 | $0 |
Mccart Jill VP Acct & Fin & Treas & Bd Mb | OfficerTrustee | 1 | $0 |
Carlson Jay Cln Dir Cancer Care (beg 8/20) | OfficerTrustee | 8 | $0 |
Wheeler Philip Secretary (beg 8/20) | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmaseek Financial Services Llc Consulting | 6/29/21 | $793,880 |
Wcg Irb Consulting | 6/29/21 | $128,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $871,597 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,182,009 |
| 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. | $378,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,753,029 |
| Pension plan accruals and contributions | $112,055 |
| Other employee benefits | $566,732 |
| Payroll taxes | $388,478 |
| 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 | $1,968,349 |
| Advertising and promotion | $1,016 |
| Office expenses | $59,421 |
| Information technology | $1,277 |
| Royalties | $0 |
| Occupancy | $589,938 |
| Travel | $85,777 |
| 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 | $102,091 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,039,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,415,410 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $54,010 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,158 |
| Total assets | $1,873,704 |
| Accounts payable and accrued expenses | $433,003 |
| Grants payable | $0 |
| Deferred revenue | $269,926 |
| 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 | $138,935 |
| Total liabilities | $841,864 |
| 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 | $1,031,840 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Research has recieved totaling $78.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Research Springfield, MO | $1,873,704 | $4,182,009 |
American Burn Association Inc Chicago, IL | $2,908,439 | $4,571,563 |
Dermatology Foundation Evanston, IL | $62,543,237 | $7,135,637 |
Foundation For Anesthesia Education And Research Schaumburg, IL | $35,213,980 | $3,655,249 |
Angelman Syndrome Foundation Inc Aurora, IL | $2,249,648 | $3,676,179 |
American Academy Of Sleep Medicine Foundation Darien, IL | $17,841,323 | $3,412,660 |
William K Warren Medical Research Center Inc Tulsa, OK | $344,109,109 | $369,200 |
Anesthesia Patient Safety Foundation Schaumburg, IL | $16,092,814 | $2,466,002 |
Orthopaedic Research Society Rosemont, IL | $7,471,451 | $2,301,601 |
The Knee Society Inc Schaumburg, IL | $4,620,112 | $1,876,790 |
Oral And Maxillofacial Surgery Foundation Rosemont, IL | $19,223,310 | $2,359,091 |
Saem Research Foundation Des Plaines, IL | $13,208,532 | $2,705,081 |