Mercy Hospital Foundation
- Assets
- $0.0
- Revenue
- $59.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Moose Lake, MN
- Founding
- 10/2000
- Data as of
- 08/2020
- EIN
- 41-1956174
Organization Overview
Mercy Hospital Foundation is located in Moose Lake, MN. The organization was established in 2000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. 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 08/2020, Mercy Hospital Foundation generated $59.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $867.2k during the year ending 08/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MERCY FOUNDATION IS TO INSPIRE GIVING THAT SUPPORTS MERCY HOSPITAL'S ABILITY TO RESPOND TO THE CHANGING HEALTHCARE NEEDS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES ARE CARRIED ON FOR THE BENEFIT OF MERCY HOSPITAL AND SURROUNDING COMMUNITY SCHOOLS. THE FOUNDATION ENCOURAGES PHILANTHROPY FROM AREA INDIVIDUALS, FAMILIES, ORGANIZATIONS AND BUSINESSES THROUGH SPECIFIC, DIRECT SOLICITATIONS AND, GENERAL ON-GOING FUNDRAISING EFFORTS. THE MERCY HOSPSITAL FOUNDATION MIDSUMMER GOLF TOURNAMENT IS SCHEDULED EACH JUNE. THIS IS AN 18- HOLE SCRAMBLE-STYE GOLF TOURNAMENT HELD ON THE FRIDAY ON OR FOLLOWING MIDSUMMER'S DAY, JUNE 21 OF EACH YEAR. IN OCTOBER OF EACH YEAR, THE FOUNDATION HOSTS THE MERCY FOUNDATION AUTUMN GALA, A SEMI-FORMAL DINNER, DANCE, AND SILENT AUCTION. FOR EACH OF THESE EVENTS, WE SOLICIT AREA BUSINESSES, BUSINESS PARTNERS AND INDIVIDUALS FOR SPONSORSHIPS OR DONATIONS OF GIFTS IN KIND, AND CHARGE AN ADMISSION FEE FOR PARTICIPANTS.
ACTIVITIES ARE CARRIED ON FOR THE BENEFIT OF MERCY HOSPITAL AND SURROUNDING COMMUNITY SCHOOLS. THE FOUNDATION ENCOURAGES PHILANTHROPY FROM AREA INDIVIDUALS, FAMILIES, ORGANIZATIONS AND BUSINESSES THROUGH SPECIFIC, DIRECT SOLICITATIONS AND, GENERAL ON-GOING FUNDRAISING EFFORTS. THE MERCY HOSPSITAL FOUNDATION MIDSUMMER GOLF TOURNAMENT IS SCHEDULED EACH JUNE. THIS IS AN 18- HOLE SCRAMBLE-STYE GOLF TOURNAMENT HELD ON THE FRIDAY ON OR FOLLOWING MIDSUMMER'S DAY, JUNE 21 OF EACH YEAR. IN OCTOBER OF EACH YEAR, THE FOUNDATION HOSTS THE MERCY FOUNDATION AUTUMN GALA, A SEMI-FORMAL DINNER, DANCE, AND SILENT AUCTION. FOR EACH OF THESE EVENTS, WE SOLICIT AREA BUSINESSES, BUSINESS PARTNERS AND INDIVIDUALS FOR SPONSORSHIPS OR DONATIONS OF GIFTS IN KIND, AND CHARGE AN ADMISSION FEE FOR PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lainie Janke Chair | OfficerTrustee | 1 | $0 |
Amanda Cisar Vice Chair, Secretary | OfficerTrustee | 1 | $0 |
Sue Anderson Treasurer | OfficerTrustee | 1 | $0 |
Jon Lund Director | Trustee | 1 | $0 |
John Shannon Director | Trustee | 1 | $0 |
Bella Meyer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,645 |
| Total Program Service Revenue | $0 |
| Investment income | $15,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $841,264 |
| Grants and other assistance to domestic individuals. | $6,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,384 |
| Advertising and promotion | $769 |
| Office expenses | $297 |
| Information technology | $5,014 |
| 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 | $515 |
| Total functional expenses | $867,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Mercy Hospital Foundation has awarded $1,680,828 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Duluth, MN PURPOSE: LIQUIDATION OF ASSETS, SEE SCHEDULE N | $750,175 |
Duluth, MN PURPOSE: LIQUIDATION OF ASSETS, SEE SCHEDULE N | $750,175 |
MERCY HOSPITAL AND HEALTHCARE CENTER PURPOSE: GENERAL OPERATIONS AND CAPITAL NEEDS | $90,239 |
MERCY HOSPITAL AND HEALTHCARE CENTER PURPOSE: GENERAL OPERATIONS AND CAPITAL NEEDS | $90,239 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Hospital Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Members Cooperative Credit Union Duluth, MN PURPOSE: WELL WITHIN REACH | $20,000 |
Endowment Analysis
| Beg. Balance | $54,963 |
| Earnings | $3,851 |
| Net Contributions | $2,500 |
| Grants | $61,314 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |
Pioneer Healthcare Tr Fargo, ND | $21,487,108 | $28,269,563 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Roofers Local 96 Health & Welfare Fund Bloomington, MN | $17,573,620 | $18,996,626 |
Vollrath Company Employee Health & Welfare Benefit Trust Sheboygan, WI | $1,493,056 | $18,329,364 |
Northern Minnesota-Wisconsin Area Retail Food Health & Welfare Fund Duluth, MN | $9,554,218 | $16,178,140 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |