Catholic Health Initiatives-Iowa Corp

Organization Overview

Catholic Health Initiatives-Iowa Corp, operating under the name Mercy Medical Center - Des Moines, is located in Des Moines, 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. As of 06/2021, Mercy Medical Center - Des Moines employed 6,014 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Medical Center - Des Moines 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 Medical Center - Des Moines generated $904.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $863.1m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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 2015, Mercy Medical Center - Des Moines has awarded 242 individual grants totaling $506,554,367. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CATHOLIC HEALTH INITIATIVES - IOWA CORP IS A NOT-FOR-PROFIT CATHOLIC HEALTH CARE ORGANIZATION CREATING HEALTHIER COMMUNITIES THROUGH THE OPERATION OF A 802-BED ACUTE CARE HOSPITAL.

Describe the Organization's Program Activity:

SEE SCHEDULE H


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rcg Des Moines Acute
Medical Services
$2,428,333
Healthcare Realty Services Inc
Real Estate Services
$7,811,988
Amn Healthcare
Medical Services
$2,050,438
Waldinger Corp
Mechanical Contractor
$2,192,211
Medical Staffing Solution
Medical Services
$1,940,216
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,483,519
Government grants $22,089,577
All other contributions, gifts, grants, and similar amounts not included above$1,004,412
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$27,577,508
Total Program Service Revenue$757,312,685
Investment income $4,322,857
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,566,961
Net Gain/Loss on Asset Sales $22,032,538
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $904,841,538

Grants Awarded

Over the last fiscal year, Catholic Health Initiatives-Iowa Corp has awarded $55,233,037 in support to 20 organizations.

Grant RecipientAmount

MERCY CLINICS INC

Org PageRecipient Profile

Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$49,945,182

Des Moines, IA

PURPOSE: PROGRAM SUPPORT

$2,850,000

PRIMARY HEALTH CARE

Org PageRecipient Profile

Des Moines, IA

PURPOSE: COMMUNITY SUPPORT

$1,983,196

MERCY MEDICAL CENTER CENTERVILLE

Org PageRecipient Profile

Centerville, IA

PURPOSE: PROGRAM SUPPORT

$196,191

ABOVE & BEYOND CANCER

Org PageRecipient Profile

Des Moines, IA

PURPOSE: COMMUNITY SUPPORT

$50,000

GREATER DES MOINES PARTNERSHIPOPERATION DOWNTOWN

Org PageRecipient Profile

Des Moines, IA

PURPOSE: COMMUNITY SUPPORT

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Catholic Health Initiatives-Iowa Corp has recieved totaling $75,000.

Awarding OrganizationAmount
Iowa Heart Foundation

West Des Moines, IA

PURPOSE: CARDIOLOGY FELLOWSHIP PROGRAM

$75,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,066,102
Earnings$734,495
Net Contributions$278
Grants$13,265
Ending Balance$4,787,610

Peer Organizations

Organization NameAssets
St Lukes Hospital Of Kansas City
Kansas City, MO
$1,070,641,998
Saint Thomas West Hospital
St Louis, MO
$1,081,181,844
St Cloud Hospital
St Cloud, MN
$1,117,982,242
Mercy Hospital Springfield
Springfield, MO
$1,115,699,805
Ascension St John Hospital
St Louis, MO
$965,978,781
Advocate North Side Health Network
Downers Grove, IL
$901,672,521
The Carle Foundation Hospital
Urbana, IL
$1,085,020,210
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
Ssm Healthcare Of Oklahoma Inc
St Louis, MO
$906,998,301
Regions Hospital
Minneapolis, MN
$936,558,758
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$904,841,538
Central Iowa Hospital Corporation
Des Moines, IA
$937,321,371

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