Misericordia Foundation
- Assets
- $6.0m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/1974
- Data as of
- 12/2021
- EIN
- 23-7285834
Organization Overview
Misericordia Foundation is located in Chicago, IL. The organization was established in 1974. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Misericordia 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, Misericordia Foundation generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE IS TO ORGANIZE AND IMPLEMENT FUNDRAISING PROGRAMS WITH GOAL OF MAKING CONTRIBUTIONS TO MISERICORDIA HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISERICORDIA FOUNDATION RAISES FUNDS TO GRANT TO MISERICORDIA HOME, ITS SUPPORTED ORGANIZATION. THE FUNDS GRANTED SUPPORT THE GENERAL EXEMPT OPERATIONS AND OTHER SPECIFIC NEEDS OF MISERICORDIA HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mccarthy Secretary | OfficerTrustee | 1 | $0 |
Dan Walsh Vice President | OfficerTrustee | 1 | $0 |
Sister Rosemary Connelly Chairman | OfficerTrustee | 1 | $0 |
Brian Battle Treasurer | OfficerTrustee | 1 | $0 |
Lois Gates Executive Director | Trustee | 40 | $0 |
Elida Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,296,439 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,268,617 |
| Noncash contributions included in lines 1a–1f | $1,046,719 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,565,056 |
| Total Program Service Revenue | $0 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,369 |
| Net Income from Gaming Activities | $118,495 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,621,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,671,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,979 |
| Information technology | $1,792 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,680,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,912,013 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,049,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,961,254 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,336,918 |
| Net assets with donor restrictions | $1,624,336 |
| 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 | $5,961,254 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Misericordia Foundation has recieved totaling $1,377,101.
| Awarding Organization | Amount |
|---|---|
Misericordia Home Chicago, IL PURPOSE: GENERAL SUPPORT | $513,763 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $177,600 |
Monument Legacy Inc Carmel, IN PURPOSE: GENERAL USE | $50,000 |
John Marshall Family Foundation Palatine, IL PURPOSE: UNRESTRICTED | $24,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Indiana Masonic Home Foundation Incorporated Indianapolis, IN | $99,812,829 | $12,316,628 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Enterprise Zone Education And Training Center Corporation Evansville, IN | $4,249,617 | $5,412,109 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Damar Foundation Inc Indianapolis, IN | $59,448,355 | $4,890,477 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Foundation For Lutheran Child And Family Services Indiana Inc Indianapolis, IN | $66,891,631 | $17,990,670 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |