Merrick Medical Center Foundation
- Assets
- $1.9m
- Revenue
- $317.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Central City, NE
- Founding
- 09/1989
- Data as of
- 12/2021
- EIN
- 47-0710738
Organization Overview
Merrick Medical Center Foundation is located in Central City, NE. The organization was established in 1989. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Merrick Medical Center 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 12/2021, Merrick Medical Center Foundation generated $317.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
SUPPORT OF MERRICK MEDICAL CENTER, CENTRAL CITY, NE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERRICK MEDICAL CENTER FOUNDATION DONATES FUNDS TO MERRICK MEDICAL CENTER (MMC) FOR ANY PURPOSE DEEMED NECESSARY BY MMC TO PROVIDE PERSONALIZED, COMPASSIONATE, AND QUALITY HEALTH CARE SERVICES FOR THE PEOPLE OF MERRICK COUNTY AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,530 |
| Related organizations | $13,228 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,735 |
| Total Program Service Revenue | $0 |
| Investment income | $12,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,534 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,508,268 |
| Grants and other assistance to domestic individuals. | $49,684 |
| 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 | $0 |
| Advertising and promotion | $1,760 |
| Office expenses | $10,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,935 |
| 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 | $14,965 |
| Insurance | $0 |
| All other expenses | $12,610 |
| Total functional expenses | $2,604,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,041 |
| Savings and temporary cash investments | $246,169 |
| Pledges and grants receivable | $151,410 |
| 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 | $168,415 |
| Investments—publicly traded securities | $195,632 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,107 |
| Total assets | $1,925,774 |
| 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 | $886,084 |
| Net assets with donor restrictions | $1,039,690 |
| 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 | $1,925,774 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Merrick Medical Center Foundation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $100,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $100,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |
Saint Lukes Foundation Kansas City, MO | $267,580,144 | $14,180,351 |
Cardinal Glennon Childrens Foundation St Louis, MO | $175,256,703 | $38,879,675 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Manatts Inc Group Health Plan & Tr Brooklyn, IA | $3,919,154 | $13,220,530 |
Health & Welfare Fund Of Cedar Rapids Iowa V A Local 125 Cedar Rapids, IA | $31,419,781 | $18,589,909 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Cedar Rapids Electrical Workers Local 405 Health And Welfare Fund Cedar Rapids, IA | $22,055,471 | $13,329,541 |
Landoll Corporation Employee Health Care Fund Marysville, KS | $14,816 | $11,572,149 |
Boniface Foundation St Louis, MO | $337,979,299 | $24,215,737 |
Royal Ten Cate U S A Inc Health And Welfare Trust Des Moines, IA | $345,228 | $10,603,322 |