Mercy Hospital Foundation

Organization Overview

Mercy Hospital Foundation is located in Iowa City, IA. The organization was established in 1946. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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 Hospital 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 06/2021, Mercy Hospital Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GENERATE PRIVATE SUPPORT FOR MERCY HOSPITAL IOWA CITY AND MANAGE, INVEST AND DISBURSE FUNDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MERCY HOSPITAL FOUNDATION ("THE FOUNDATION") PROVIDED $1,151,151 IN FUNDING IN FISCAL YEAR 2021 TO MERCY HOSPITAL IOWA CITY FOR SEVERAL LARGE FACILITY IMPROVEMENT PROJECTS INCLUDING ASSISTANCE WITH NEW ELECTRONIC HEALTH RECORD SYSTEM, MEDICAL EQUIPMENT, PATIENT COMFORT ITEMS, CHAPEL TECHNOLOGY UPGRADE, EDUCATIONAL MATERIALS/PROGRAMS, NURSING AND HEALTH CAREER SCHOLARSHIPS AND MORE TO IMPROVE PATIENT CARE, ENHANCE THE HOSPITAL'S HEALING ENVIRONMENT AND PROVIDE SUPPORT FOR SPECIFIC AREAS SUCH AS LAB, PHARMACY, CARDIAC REHAB, 3W UNIT NEGATIVE AIRFLOW REMODEL TO SAFELY TREAT COVID PATIENTS, CANCER CARE SERVICES, NURSING UNITS, SURGERY AND MUCH MORE.(SCHEDULE O)DONOR SUPPORT WAS DIRECTED PRIMARILY TO AREAS OF GREATEST NEED SUCH AS THE LEVEL 2 REMODEL TO COMFORTABLY SOCIAL DISTANCE PATIENTS AND FAMILIES IN SURGERY OUTPATIENT AS WELL AS LAB WAITING AREAS. THIS IS A SPACE WITHIN THE HOSPITAL THAT ALLOWED PATIENTS TO GET THE CARE THEY NEED WITH COVID DISTANCING GUIDELINES IN PLACE FOR PATIENTS AND VISITORS ALIKE. THE FOUNDATION ALSO PAID: $387,000 TOWARDS THE NEW INFUSION CENTER, $8,800 FOR THE HEPACART DUST CONTAINMENT SYSTEM IN THE SURGICAL CARE UNITE, $10,817 FOR STRETCHERS IN THE WOUND AND VEIN CENTER, AND $34,616 FOR LANDSCAPE AND DESIGN OF THE HEALING THERAPY GARDEN AT MERCY IOWA CITY REHAB HOSPITAL.MERCY'S SCHOLARSHIP PROGRAM PROVIDED 25 HEALTH CAREER SCHOLARSHIPS OF $1,000 EACH TO STUDENTS GRADUATING FROM HIGH SCHOOL IN MERCY'S 10-COUNTY SERVICE AREA WHO PLAN TO MAJOR IN A HEALTH CAREER IN COLLEGE, AND 32 NURSING SCHOLARSHIPS TO 24 EMPLOYEES WHO ARE CONTINUING THEIR ADVANCED NURSING EDUCATION. THE FOUNDATION CONTINUES TO PROVIDE ALL OF THE EDUCATIONAL MATERIALS USED WITH THE ROUGHLY 450 PATIENTS IN THE DIABETES EDUCATION PROGRAM. ANOTHER PROGRAM PROVIDES ASSISTANCE TO WOMEN WHO CANNOT AFFORD DIAGNOSTIC TESTING FOR BREAST CANCER INCLUDING MAMMOGRAMS, ULTRASOUND AND MORE, USING GIFTS DONATED SPECIFICALLY FOR THIS PURPOSE. THE MEDICAL AND OTHER EQUIPMENT SUPPORTED BY THE FOUNDATION SERVES A GENERAL POPULATION OF THIS HOSPITAL.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$623,580
Noncash contributions included in lines 1a–1f $4,647
Total Revenue from Contributions, Gifts, Grants & Similar$623,580
Total Program Service Revenue$0
Investment income $413,853
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,180,170
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,217,603

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mercy Hospital Foundation has recieved totaling $14,980.

Awarding OrganizationAmount
John R Wright And Eloise Mountain Wright Foundation

Houston, TX

PURPOSE: GENERAL OPERATING FUND

$9,980
Rpc Inc Charitable Foundation

Iowa City, IA

PURPOSE: FOR UNRESTRICTED USE BY RECIPIENT

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,457,386
Earnings$5,088,018
Net Contributions$47,025
Grants$1,078,838
Ending Balance$20,513,591

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