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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margaret Reese President (end 8/20) | OfficerTrustee | 40 | $0 |
Dawna Miller Treasurer | OfficerTrustee | 1 | $0 |
Todd Jacobson Chair Elect (end 10/20)/chair (beg 11/20) | OfficerTrustee | 1 | $0 |
Lisa Steigleder President Beginning 9/1/2020 | OfficerTrustee | 40 | $0 |
Sean Williams CEO & Administrator Mercy Iowa | OfficerTrustee | 1 | $0 |
Lynn Skopec Secretary (beg 11/20) | OfficerTrustee | 1 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,121,651 |
Grants and other assistance to domestic individuals. | $29,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $172,706 |
Compensation of current officers, directors, key employees. | $24,902 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $68,232 |
Pension plan accruals and contributions | $2,093 |
Other employee benefits | $7,170 |
Payroll taxes | $4,899 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,843 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $50,160 |
Advertising and promotion | $26,925 |
Office expenses | $3,738 |
Information technology | $17,529 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $4,650 |
Insurance | $0 |
All other expenses | $1,853 |
Total functional expenses | $1,532,672 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $239,838 |
Savings and temporary cash investments | $199,774 |
Pledges and grants receivable | $11,135 |
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 | $13,700 |
Investments—publicly traded securities | $20,313,817 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,596 |
Total assets | $20,800,860 |
Accounts payable and accrued expenses | $26 |
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 | $80,656 |
Total liabilities | $80,682 |
Net assets without donor restrictions | $11,986,499 |
Net assets with donor restrictions | $8,733,679 |
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 | $20,800,860 |
Over the last fiscal year, we have identified 2 grants that Mercy Hospital Foundation has recieved totaling $14,980.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $16,457,386 |
Earnings | $5,088,018 |
Net Contributions | $47,025 |
Grants | $1,078,838 |
Ending Balance | $20,513,591 |
Organization Name | Assets | Revenue |
---|---|---|
St Francis Medical Center Breckenridge, MN | $127,422,671 | $26,046,876 |
Prairie Ridge Hospital And Health Services Inc Elbow Lake, MN | $34,170,156 | $18,758,462 |
Madelia Health Madelia, MN | $18,855,648 | $18,531,553 |
Alegent Health Mercy Hospital Corning, IA | $35,243,438 | $19,692,764 |
St Marys Warrick Hospital Inc St Louis, MO | $9,424,300 | $16,745,363 |
Aspirus Stanley Hospital & Clinics Inc Wausau, WI | $10,927,612 | $20,966,048 |
Community Hospital Of Staunton Staunton, IL | $32,595,948 | $20,788,343 |
St Vincent Clay Hospital Inc St Louis, MO | $12,816,129 | $21,118,417 |
Kittson Memorial Hospital Association Hallock, MN | $15,018,635 | $22,486,843 |
Jennie M Melham Memorial Medical Center Inc Broken Bow, NE | $58,643,276 | $23,743,381 |
Genesis Medical Center Aledo Aledo, IL | $16,196,609 | $17,740,710 |
Lake View Memorial Hospital Inc Two Harbors, MN | $43,364,236 | $20,715,565 |