Mercy Works Foundation Inc
- Assets
- $15.6m
- Revenue
- $320.4k
- Investments
- $15.1m
- Employees
- 0
- Location
- Appleton, WI
- Founding
- 06/2002
- Data as of
- 12/2022
- EIN
- 43-1954871
Organization Overview
Mercy Works Foundation Inc is located in Appleton, WI. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Works Foundation Inc 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 12/2022, Mercy Works Foundation Inc generated $320.4k 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 (36.7%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mercy Works Foundation Inc has awarded 338 individual grants totaling $12,926,786. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND OPERATED TO MAKE DONATIONS TO QUALIFYING PUBLIC CHARITIES. THE FOUNDATION DOES NOT ENGAGE IN ANY OTHER DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Johnson Chair | 10 | $57,022 | |
William Walker Treasurer | 10 | $28,941 | |
Scott Follett Secretary | 1 | $0 | |
Joan Follett Board Member | 1 | $0 | |
Joe Malone Board Member | 1 | $0 | |
Brian Follett Vice-Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $443,888 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$124,673 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,192 |
| Total Revenue | $320,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,963 |
| Other employee salaries and wages | $132,665 |
| Pension plans, employee benefits | $19,610 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $0 |
| Occupancy | $28,851 |
| Travel, conferences, and meetings | $14,143 |
| Printing and publications | $515 |
| Other expenses | $14,132 |
| Total operating and administrative expenses | $426,198 |
| Contributions, gifts, grants paid | $3,141,902 |
| Total expenses and disbursements | $3,568,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,273 |
| Savings and temporary cash investments | $418,363 |
| Net Accounts receivable | $42,085 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,966,645 |
| Net Land, buildings, and equipment | $67,396 |
| Other assets | $0 |
| Total assets | $15,616,403 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mercy Works Foundation Inc has awarded $3,141,902 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
Green Bay, WI PURPOSE: MONETARY SUPPORT | $405,000 |
San Juan Capistrano, CA PURPOSE: MONETARY SUPPORT | $240,000 |
FOCUS PURPOSE: MONETARY SUPPORT | $200,000 |
MISSIONARIES OF THE POOR PURPOSE: MONETARY SUPPORT | $197,000 |
Green Bay, WI PURPOSE: MONETARY SUPPORT | $144,000 |
San Francisco, CA PURPOSE: MONETARY SUPPORT | $121,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |