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Nonprofiteer
← MERCY HEALTH FOUNDATION INC

Form 990 for tax year 2024

Filed by MERCY HEALTH FOUNDATION INC.

Totals

Total revenue
$13,226,971
Total expenses
$10,820,925
Contributions and grants received
$11,499,599
Grants paid
$7,446,084
Program service revenue
$0
Investment income
$1,734,647
Other revenue
-$7,275
Total assets, end of year
$76,056,013
Total liabilities, end of year
$14,480,720
Net assets or fund balances, end of year
$61,575,293
Program services expenses (Part IX)
$7,446,084
Management and general expenses
$0
Fundraising expenses
$3,374,841
Program service expenses (Part III)
$7,446,084

Program services were 68.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $470,123

  • 1d · Related organizations

    $11,000

  • 1f · All other contributions, gifts and grants

    $11,018,476

  • 1g · Noncash contributions included above

    $2,066,090

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,734,647 · excluded $1,734,647

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $158,454

  • 8a · Fundraising events: contributions included on line 1c

    $470,123

  • 8b · Fundraising events: direct expenses

    $165,729

  • 8c · Net income from fundraising events

    total -$7,275 · excluded -$7,275

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,446,084 · program services $7,446,084

  • 7 · Other salaries and wages

    total $1,379,872 · fundraising $1,379,872

  • 9 · Other employee benefits

    total $330,229 · fundraising $330,229

  • 11f · Fees: investment management

    total $99,833 · fundraising $99,833

  • 11g · Fees: other

    total $896,478 · program services $0 · management and general $0 · fundraising $896,478

  • 12 · Advertising and promotion

    total $260,316 · fundraising $260,316

  • 13 · Office expenses

    total $151,942 · fundraising $151,942

  • 14 · Information technology

    total $115 · fundraising $115

  • 17 · Travel

    total $8,408 · fundraising $8,408

  • 19 · Conferences, conventions and meetings

    total $1,282 · fundraising $1,282

  • 24a · Other expenses: Repairs & Maintenance

    total $196,992 · fundraising $196,992

  • 24b · Other expenses: Cancer Day Expenses

    total $35,173 · fundraising $35,173

  • 24c · Other expenses: Purchased Service

    total $3,853 · fundraising $3,853

  • 24d · Other expenses: Dues

    total $2,210 · fundraising $2,210

  • 24e · All other expenses

    total $8,138 · program services $0 · management and general $0 · fundraising $8,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,268,986 · end of year $18,388,633

  • 3 · Pledges and grants receivable

    beginning of year $23,574,043 · end of year $23,880,902

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $64,289 · end of year $69,432

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $30,413,877 · end of year $33,717,046

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $208,805 · end of year $226,420

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $11,683,890 · end of year $14,254,300

  • 27 · Net assets without donor restrictions

    beginning of year $884,413 · end of year $2,884,411

  • 28 · Net assets with donor restrictions

    beginning of year $55,544,087 · end of year $58,690,882

Mission and programs · 2024

Mission

TO COORDINATE AND STRENGTHEN FUNDRAISING FOR MERCY MEDICAL CENTER AND STELLA MARIS.

  • ENLIST PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS TO ADVANCE THE CAPITAL AND ENDOWMENT PRIORITIES OF MERCY HEALTH SERVICES AS APPROVED BY THE BOARD OF TRUSTEES OF MERCY HEALTH SERVICES. ADDITIONALLY, ENLISTED PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS TO ADVANCE THE CAPITAL, OPERATING, AND ENDOWMENT PRIORITIES OF MERCY MEDICAL CENTER AS APPROVED BY THE BOARD OF TRUSTEES OF MERCY HEALTH SERVICES. RAISED OVER $7.4 MILLION IN OPERATING SUPPORT FOR THE BENEFIT OF 12,075 IN PATIENTS, 8,613 OBSERVATION CASES, 45,549 EMERGENCY DEPARTMENT VISITS, AND NEARLY 745,401 PRIMARY CARE AND SPECIALTY VISITS.

    Expenses $6,373,669 · Grants $6,373,669

  • ENLIST PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS TO ADVANCE THE CAPITAL, OPERATING AND ENDOWMENT PRIORITIES OF STELLA MARIS AS APPROVED BY THE BOARD OF TRUSTEES OF MERCY HEALTH SERVICES. RAISED OVER $690 THOUSAND IN OPERATING SUPPORT FOR THE BENEFIT 1072 PATIENTS RECEIVING SUBACUTE SERVICES; 654 INPATIENT HOSPICE PATIENTS; 3,505 SKILLED HOMECARE AND HOME HOSPICE PATIENTS; 265 LONG-TERM CARE RESIDENTS, ON AVERAGE, EACH DAY, AND MORE.

    Expenses $1,072,415 · Grants $1,072,415

As filed on the 2024 return.

Listed in Part VII

  • Caroline Senatore

    Secretary

    Total calculated
    $263,584
    From this org
    $0
    From related orgs
    $223,644
    Other
    $39,940
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,728 related
    Bonus
    $0 + $28,336 related
    Other
    $0 + $2,580 related
    Deferred
    $0 + $5,991 related
    Nontaxable benefits
    $0 + $33,949 related
    Filer's total
    $0 + $263,584 related

  • David N Maine MD

    President/CEO (ex officio)

    Total calculated
    $2,203,513
    From this org
    $0
    From related orgs
    $2,159,214
    Other
    $44,299
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,291,089 related
    Bonus
    $0 + $611,719 related
    Other
    $0 + $256,406 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $33,949 related
    Filer's total
    $0 + $2,203,513 related

  • John F Cavanaugh

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Justin C Deibel

    Treasurer

    Total calculated
    $1,360,942
    From this org
    $0
    From related orgs
    $1,311,468
    Other
    $49,474
    Hours/week
    1.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $802,067 related
    Bonus
    $0 + $355,815 related
    Other
    $0 + $153,586 related
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $33,949 related
    Filer's total
    $0 + $1,360,942 related

  • Michael Batza Jr

    Chair

    Total calculated
    $0
    Hours/week
    10 + 0.5 related

  • Clinton R Daly

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Earl L Linehan

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Marc C Bunting

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Marilynn K Duker

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Matthew D Gallagher

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Richard Berndt

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Sister Helen Amos RSM

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 30 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
CEO'S COMPENSATION THE ORGANIZATION RELIED ON A RELATED ORGANIZATION AND THAT RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: 1. COMPENSATION COMMITTEE; 2. INDEPENDENT COMPENSATION CONSULTANT; 3. COMPENSATION SURVEY OR STUDY; AND 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
7 April 2026
IRS schema version
2024v5.1
Source object
202610979349301511

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