Mercy Medical Center Foundation North Iowa
- Assets
- $16.9m
- Revenue
- $920.4k
- Investments
- $6.8m
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 05/1984
- Data as of
- 06/2021
- EIN
- 42-1229151
Organization Overview
Mercy Medical Center Foundation North Iowa, operating under the name Mercyone North Iowa Foundation, is located in Mason City, IA. The organization was established in 1984. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Mercyone North Iowa 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, Mercyone North Iowa Foundation generated $920.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $431.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 6 years. 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
TO PROVIDE SUPPORT FOR THE PROGRAMS OF MERCYONE NORTH IOWA MEDICAL CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED IN 1993 AS A 501(C)(3) NONPROFIT ORGANIZATION. THE FOUNDATION GENERATES RESOURCES AND PHILANTHROPIC FUNDS TO STRENGTHEN THE MISSION OF MERCYONE NORTH IOWA MEDICAL CENTER TO CONTINUE THE HEALING MINISTRY OF THE CHURCH AND TO PROMOTE THE WELL-BEING OF PEOPLE IN THE COMMUNITIES SERVED.THE FOUNDATION AWARDS SEVERAL SCHOLARSHIPS ANNUALLY TO NURSING AND OTHER MEDICAL STUDENTS. DURING FISCAL YEAR 2021 THE FOUNDATION AWARDED $23,800 IN MEDICAL SCHOLARSHIPS TO 83 INDIVIDUALS.PLEASE VISIT THE WEBSITE FOR ADDITIONAL INFORMATION: WWW.MERCYONE.ORG/NORTHIOWA/ABOUT-US/MERCYONE-FOUNDATION/
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Flynn Director; Treasurer | OfficerTrustee | 1 | $0 |
Robert Lembke Director; Chair | OfficerTrustee | 1 | $0 |
Joellen Steil Dir;sec; Mercy Ni Clinical Nurse Mgr | OfficerTrustee | 1 | $0 |
Paula Recinos Director; Vice Chair | OfficerTrustee | 1 | $0 |
Scott Smith Executive Director | Officer | 40 | $0 |
Danette Zook Mercyone North Iowa VP Finance | Officer | 1 | $0 |
Financial Statements
| 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 | $39,518 |
| Noncash contributions included in lines 1a–1f | $10,068 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,518 |
| Total Program Service Revenue | $0 |
| Investment income | $331,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $477,080 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $72,081 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $920,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $233,828 |
| Grants and other assistance to domestic individuals. | $25,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,814 |
| Compensation of current officers, directors, key employees. | $31,163 |
| 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 | $14,742 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,486 |
| Information technology | $0 |
| 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 | $202 |
| Total functional expenses | $431,820 |
| 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 | $10,119,040 |
| Investments—other securities | $6,759,006 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,878,046 |
| 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 | $14,150,815 |
| Net assets with donor restrictions | $2,727,231 |
| 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 | $16,878,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Medical Center Foundation North Iowa has recieved totaling $27,600.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $27,500 |
Margaret A Cargill Foundation Eden Prairie, MN PURPOSE: EMPLOYEE MATCHING GRANT | $100 |
Endowment Analysis
| Beg. Balance | $170,865 |
| Ending Balance | $170,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Avera St Marys Pierre, SD | $117,040,382 | $106,933,224 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |
Langlade Hospital-Hotel Dieu Of St Joseph Of Antigo Wisconsin Antigo, WI | $246,815,047 | $116,695,452 |
Northwest Memorial Healthcare Chicago, IL | $480,593,285 | $82,724,469 |
Thorek Memorial Hospital Chicago, IL | $512,859,760 | $127,922,496 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Mercy Medical Center of Oshkosh Inc Oshkosh, WI | $0 | $88,188,701 |
Loretto Hospital Chicago, IL | $32,559,170 | $88,416,844 |