Bon Secours Mercy Health Foundation
- Assets
- $455.9m
- Revenue
- $66.9m
- Investments
- $377.9m
- Employees
- 71
- Location
- Cincinnati, OH
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 20-1072726
Organization Overview
Bon Secours Mercy Health Foundation is located in Cincinnati, OH. The organization was established in 2014. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Bon Secours Mercy Health Foundation employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bon Secours Mercy Health Foundation 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 12/2021, Bon Secours Mercy Health Foundation generated $66.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $73.1m during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 7 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.
Since 2014, Bon Secours Mercy Health Foundation has awarded 717 individual grants totaling $228,610,050. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE OPERATIONS OF BON SECOURS MERCY HEALTH BY ENCOURAGING CHARITABLE GIVING AND EFFECTIVELY MANAGING GIFT RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BON SECOURS MERCY HEALTH FOUNDATION AWARDED $58,663,180 IN GRANTS DURING 2021 TO PROGRAMS THAT ADDRESS THE HEALTHCARE NEEDS OF PERSONS WHO ARE POOR AND UNDERSERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Secretary, Staff Counsel/government Relations | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $109,954 |
| Related organizations | $10,000,000 |
| Government grants | $3,793,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,485,076 |
| Noncash contributions included in lines 1a–1f | $787,785 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,388,608 |
| Total Program Service Revenue | $0 |
| Investment income | $3,614,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,713 |
| Net Gain/Loss on Asset Sales | $16,784,905 |
| Net Income from Fundraising Events | $23,228 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,888,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,475,076 |
| Grants and other assistance to domestic individuals. | $276,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $911,989 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $426,307 |
| Compensation of current officers, directors, key employees. | $178,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,911,560 |
| Pension plan accruals and contributions | $695,718 |
| Other employee benefits | $827,629 |
| Payroll taxes | $583,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,096 |
| Fees for services: Accounting | $455 |
| Fees for services: Lobbying | $26,768 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,685 |
| Fees for services: Other | $1,104,067 |
| Advertising and promotion | $12,040 |
| Office expenses | $372,342 |
| Information technology | $834 |
| Royalties | $0 |
| Occupancy | $802,924 |
| Travel | $167,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,557 |
| Insurance | $0 |
| All other expenses | $52,326 |
| Total functional expenses | $73,068,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,306,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,303,651 |
| 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 | $684,016 |
| Net Land, buildings, and equipment | $648,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $377,852,529 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,114,624 |
| Total assets | $455,909,792 |
| Accounts payable and accrued expenses | $55,883,410 |
| 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 | $6,782,583 |
| Total liabilities | $62,665,993 |
| Net assets without donor restrictions | $190,093,096 |
| Net assets with donor restrictions | $203,150,703 |
| 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 | $455,909,792 |
Grants Awarded
Over the last fiscal year, Bon Secours Mercy Health Foundation has awarded $29,439,472 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: Capital and program support | $16,935,739 |
Richmond, VA PURPOSE: Capital and program support | $4,947,757 |
Greenville, SC PURPOSE: Capital and program support | $1,262,590 |
Springfield, OH PURPOSE: Capital and program support | $1,004,707 |
New York, NY PURPOSE: Program Support | $901,989 |
Greenville, SC PURPOSE: Program Support | $338,850 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bon Secours Mercy Health Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Charles Timmons Foundation Wilmington, DE PURPOSE: NEUROSCIENCE INSTITUTE | $20,000 |
Endowment Analysis
| Beg. Balance | $81,175,725 |
| Earnings | $3,127,665 |
| Net Contributions | $3,725,362 |
| Other Expense | $1,985 |
| Ending Balance | $88,026,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bon Secours Mercy Health Foundation Cincinnati, OH | $455,909,792 | $66,888,886 |
Association Of Community Ministries Inc Louisville, KY | $445,495 | $6,215,911 |
Youngstown Area Jewish Foundation Youngstown, OH | $57,003,895 | $4,586,174 |
Sisters Of Charity Foundation Of Cleveland Cleveland, OH | $104,281,419 | $3,700,315 |
Catholic Foundation Of Michigan Bloomfield Hills, MI | $29,975,322 | $12,618,743 |
Stone Table Inc Plainfield, IN | $3,350,339 | $2,332,694 |
Catholic Community Foundation Ofmid Michigan Saginaw, MI | $39,952,577 | $3,035,436 |
Cpps Heritage Mission Fund Dayton, OH | $17,862,945 | $6,205,362 |
Amish Mutual Mortgage Fund Nappanee, IN | $84,844,116 | $2,126,511 |
Brightmoor Christian Church Endowment Fund Novi, MI | $509,422 | $1,829,016 |
Our Daily Bread Ministries Foundation Grand Rapids, MI | $34,200,268 | $7,896,868 |
John Barnes Trustees Inc Jenkintown, PA | $25,392,688 | $605,311 |