Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $468,864

• 1g · Noncash contributions included above

  $3,869

• 3 · Investment income

  total $451,526 · excluded $451,526

• 7a · Gross sales of assets other than inventory

  securities $5,951,585

• 7b · Less cost or other basis and sales expenses

  securities $6,164,736

• 7c · Gain or loss

  securities -$213,151

• 7d · Net gain or loss

  total -$213,151 · excluded -$213,151

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $110,521 · program services $110,521

• 2 · Grants to domestic individuals

  total $13,780 · program services $13,780

• 5 · Compensation of officers, directors and key employees

  total $211,099 · management and general $69,663 · fundraising $141,436

• 7 · Other salaries and wages

  total $66,979 · management and general $22,103 · fundraising $44,876

• 8 · Pension plan contributions

  total $1,743 · management and general $575 · fundraising $1,168

• 9 · Other employee benefits

  total $139 · management and general $46 · fundraising $93

• 10 · Payroll taxes

  total $3,110 · management and general $1,026 · fundraising $2,084

• 11c · Fees: accounting

  total $18,226 · management and general $18,226

• 12 · Advertising and promotion

  total $30,059 · fundraising $30,059

• 13 · Office expenses

  total $1,761 · management and general $581 · fundraising $1,180

• 14 · Information technology

  total $20,816 · management and general $6,869 · fundraising $13,947

• 17 · Travel

  total $38 · management and general $13 · fundraising $25

• 22 · Depreciation, depletion and amortization

  total $4,650 · management and general $4,650

• 24a · Other expenses: Misc Fundraising Exp

  total $4,826 · fundraising $4,826

• 24e · All other expenses

  total $2,127 · management and general $2,127

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $180,464 · end of year $150,753

• 2 · Savings and temporary cash investments

  beginning of year $214,146 · end of year $146,308

• 3 · Pledges and grants receivable

  beginning of year $3,970 · end of year $2,630

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

  $152,247

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

  $147,847

• 10c · Land, buildings and equipment, net

  beginning of year $9,050 · end of year $4,400

• 11 · Investments: publicly traded securities

  beginning of year $16,203,529 · end of year $17,995,687

• 15 · Other assets

  beginning of year $21,446 · end of year $37,694

• 17 · Accounts payable and accrued expenses

  beginning of year $0

• 25 · Other liabilities

  beginning of year $94,401 · end of year $94,182

• 27 · Net assets without donor restrictions

  beginning of year $10,627,597 · end of year $11,870,942

• 28 · Net assets with donor restrictions

  beginning of year $5,910,607 · end of year $6,372,348

The filer's explanations (Part III)

Part I, Line 3

The Foundation relied on Mercy Hospital, a related organization, to establish the compensation of the Foundation's top management official. Mercy Hospital used the following methods to establish compensation for the Foundation President: - Compensation Committee - Independent Compensation Consultant - Form 990 of Other Organizations - Compensation Survey or Study - Approval by the Board or Compensation Committee

Part I, Line 4a

Dawna Miller, Chief Financial Officer received severance payments amounting to $103,884 in calendar year 2022 as part of her employment contract.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Iowa City Ambulatory Surgical Center LLC

  Outpatient Surgery · IA

• Corridor Radiology LLC

  Radiology Services · IA

• Eastern Iowa Rehabilitation Hospital LLC

  Inpatient Rehabilitation Care · IA

Related corporations and trusts

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

• Mercy Services Iowa City Inc

  C · Health Care · IA