Mercycare Service Corporation

Organization Overview

Mercycare Service Corporation is located in Cedar Rapids, IA. The organization was established in 1946. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercycare Service Corporation 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, Mercycare Service Corporation generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $2.3m 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

TO PROVIDE GENERAL STRATEGIC DIRECTION AND OVERSIGHT FUNCTIONS IN CONJUNCTION WITH THE PRIMARY PURPOSE OF ENGAGING IN ACTIVITIES WHICH PROMOTE THE GENERAL HEALTH OF THE COMMUNITY IN ACCORDANCE WITH THE IDEALS OF THE SISTERS OF MERCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE STRATEGIC DIRECTION AND OVERSIGHT IN ACTIVITIES WHICH PROMOTE THE GENERAL HEALTH OF THE COMMUNITY IN ACCORDANCE WITH THE IDEALS OF THE SISTERS OF MERCY.


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Board, Officers & Key Employees

Name (title)Compensation
Al Ruffalo
Chairman
$0
Timothy L Charles
President & CEO
$0
Sister Terry Maltby
Secretary
$0
Nancy Kasparek
Treasurer
$0
Nathan Van Genderen
Executive Vp/cfo
$0
Timothy Quinn MD
Chief Of Clinical Operation
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$10,000,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,873,264
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,873,264
Total Program Service Revenue$0
Investment income $6,233
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,280,196

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mercycare Service Corporation has recieved totaling $10,000,000.

Awarding OrganizationAmount
Mercy Medical Center

Cedar Rapids, IA

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$10,000,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$70,449,711
Earnings$13,217,282
Admin Expense$1,694,292
Net Contributions$8,433,872
Other Expense-$812,952
Ending Balance$91,219,525

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