Mercy Research
- Assets
- $870.3k
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 03/1946
- Data as of
- 06/2022
- 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 06/2022, Mercy Research generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $8.3m during the year ending 06/2022. While expenses have increased by 21.7% 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
990T
Mission & Program ActivityExcerpts From the 990T 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:
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 HEALTH CARE FOR INDIVIDUALS AND COMMUNITIES BY BEING A LEADER IN INNOVATIVE CLINICAL, SCIENTIFIC AND HEALTH SERVICES RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed SVP Deputy General Counsel & Sec | OfficerTrustee | 1 | $0 |
Name Not Listed Clin Dir-Cancer Care Perf Accl & VP | OfficerTrustee | 8 | $0 |
Name Not Listed VP Acct & Finance & Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Consultant - Clinical Services & President | OfficerTrustee | 4 | $0 |
Name Not Listed Physician & Board Member | Trustee | 1 | $0 |
Name Not Listed Physician & Board Member (beg 11/21) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wcg Irb Consulting | 6/29/22 | $132,225 |
Pharmaseek Financial Services Llc Consulting | 6/29/22 | $604,000 |
Mayo Clinic - Research Finance Consulting | 6/29/22 | $164,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,326 |
| Government grants | $459,765 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,154,320 |
| Total Program Service Revenue | $2,919,484 |
| 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 | $4,073,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $4,572,216 |
| Pension plan accruals and contributions | $217,362 |
| Other employee benefits | $455,064 |
| Payroll taxes | $344,557 |
| 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 | $1,558,665 |
| Advertising and promotion | $378 |
| Office expenses | $36,510 |
| Information technology | $339 |
| Royalties | $0 |
| Occupancy | $561,031 |
| Travel | $50,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,794 |
| Insurance | $0 |
| All other expenses | $392,861 |
| Total functional expenses | $8,271,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $786,456 |
| 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 | $83,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $870,250 |
| Accounts payable and accrued expenses | $451,786 |
| Grants payable | $0 |
| Deferred revenue | $99,762 |
| 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 | $0 |
| Total liabilities | $551,548 |
| Net assets without donor restrictions | $318,702 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $870,250 |