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← MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC.

Totals

Total revenue
$11,326,813
Total expenses
$17,808,830
Contributions and grants received
$6,871,949
Grants paid
$16,449,469
Program service revenue
$0
Investment income
$4,976,238
Other revenue
-$521,374
Total assets, end of year
$132,829,882
Total liabilities, end of year
$2,764,278
Net assets or fund balances, end of year
$130,065,604
Program services expenses (Part IX)
$16,449,469
Management and general expenses
$871,729
Fundraising expenses
$487,632
Program service expenses (Part III)
$16,449,469

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TIMOTHY L CHARLES

    FORMER SECRETARY

    Total calculated
    $991,796
    From this org
    $0
    From related orgs
    $910,163
    Other
    $81,633
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $788,159 related
    Bonus
    $0 + $109,006 related
    Other
    $0 + $12,998 related
    Deferred
    $0 + $63,189 related
    Nontaxable benefits
    $0 + $18,444 related
    Filer's total
    $0 + $991,796 related

  • A JAMES TINKER

    FORMER DIRECTOR

    Total calculated
    $123,434
    From this org
    $0
    From related orgs
    $116,035
    Other
    $7,399
    Hours/week
    1

  • STACY CATALDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS DEWOLF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARRIE ERNST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE MCGRATH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET MERFELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHERYLE MITVALSKY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DARREL MORF

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN RIFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES ROHDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AL RUFFALO

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMMETT J SCHERRMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY QUINN MD

    SECRETARY

    Total calculated
    $791,913
    From this org
    $0
    From related orgs
    $718,980
    Other
    $72,933
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $551,922 related
    Bonus
    $0 + $161,997 related
    Other
    $0 + $5,061 related
    Deferred
    $0 + $46,778 related
    Nontaxable benefits
    $0 + $26,155 related
    Filer's total
    $0 + $791,913 related

  • NATHAN VAN GENDEREN

    EXECUTIVE VP/COO/CFO/ASSISTANT TREASURER

    Total calculated
    $540,474
    From this org
    $0
    From related orgs
    $474,578
    Other
    $65,896
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $424,421 related
    Bonus
    $0 + $47,462 related
    Other
    $0 + $2,695 related
    Deferred
    $0 + $37,262 related
    Nontaxable benefits
    $0 + $28,634 related
    Filer's total
    $0 + $540,474 related

  • LORRIE M ERUSHA

    PRESIDENT

    Total calculated
    $206,074
    From this org
    $180,854
    From related orgs
    $0
    Other
    $25,220
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,919
    Bonus
    $0
    Other
    $4,935
    Deferred
    $2,337
    Nontaxable benefits
    $22,883
    Filer's total
    $206,074

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 1A
IN TAX YEAR 2022, THE MERCY MEDICAL CENTER FOUNDATION PROVIDED CLUB DUES TO LORRIE ERUSHA. THE AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII AND SCHEDULE J.
PART I, LINE 3
MERCY HOSPITAL, CEDAR RAPIDS, IA ENDOWMENT FOUNDATION RELIES ON MERCYCARE SERVICE CORPORATION, A RELATED ORGANIZATION, TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES, AS APPLICABLE. MERCYCARE SERVICE CORPORATION UTILIZES A HUMAN RESOURCES COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO DETERMINE SUCH COMPENSATION.
PART I, LINE 4B
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY MERCY MEDICAL CENTER, A RELATED ORGANIZATION: TIMOTHY L. CHARLES - $55,564, TIMOTHY QUINN, M.D. - $39,153, AND NATHAN VAN GENDEREN - $29,637. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION MADE BY MERCY MEDICAL CENTER ON BEHALF OF THE INDIVIDUAL TO THE PLAN IN 2022. THIS INFORMATION IS INCLUDED IN DEFERRED COMPENSATION ON THE FORM 990, PART VII AND SCHEDULE J, PART II.

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 partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441369349311344

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