Overview
What is Mercy Foundation?
The Mercy Foundation is a philanthropic organization based in Rancho Cordova, California, headed by the Sisters of Mercy in the Sacramento region. Their mission is to uplift the community by raising funds for various ministries under their auspices. These ministries encompass healthcare services, including the Dignity Health Cancer Institute, Heart and Vascular Institute, and Neurological Institute of Northern California, among others. Additionally, they support educational initiatives like Cristo Rey High School, and housing projects for the underprivileged, such as Mercy Housing California. The organization receives 100% donor contributions directing them to the chosen program or ministry. Mercy Foundation's recent accomplishments include the successful campaign "Securing the Dream" for Cristo Rey High School Sacramento and ongoing funding for the Mercy MS Center and Multiple Sclerosis Achievement Center.
Official website here: www.mercyfoundationsacramento.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Mercy Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The charity's score is derived solely from its Accountability & Finance metrics, which indicate robust governance practices and financial management. With a perfect score in areas such as independent board membership and the absence of asset diversion, the organization demonstrates a strong commitment to ethical oversight.
The foundation excels in its financial ratios, showcasing a program expense ratio of 76.80%, which signifies a substantial investment in its mission-related activities. Additionally, the fundraising efficiency is commendable at $0.18, meaning that a large portion of funds raised goes directly to programs rather than administrative costs. The working capital ratio of 5.53 years further emphasizes the organization's long-term stability and ability to sustain its operations.
Overall, Mercy Foundation's governance structure, transparency, and effective financial management are significant strengths that contribute to its positive rating. While the data is overwhelmingly positive, continued scrutiny of its operational practices will be essential to maintain its high standards and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Foundation legitimate?
Mercy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $444,042
Professional Fundraising Fees: $55,378
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mercyfoundationsacramento.org
What is the mission statement of Mercy Foundation?
The Mercy Foundation is dedicated to raising philanthropic support for the ministries of the Sisters of Mercy, with a focus on enhancing the lives of people in the community. Inspired by the Sisters of Mercy's mission to connect those with resources to those in need, Mercy Foundation supports healthcare, education, housing, and care for the poor and elderly. Through fundraising and community awareness efforts, Mercy Foundation enables donors' contributions to directly benefit the program or ministry of their choice. Some of the ministries it supports include healthcare institutions like the Dignity Health Cancer Institute and the Mercy General Hospital, as well as educational institutions like Cristo Rey High School. Mercy Foundation's funding has made a significant impact on the lives of vulnerable members of the community, including those living with multiple sclerosis at the Mercy MS Center and Multiple Sclerosis Achievement Center.
Official website here: www.mercyfoundationsacramento.org
Who is the CEO of Mercy Foundation?
Kevin Duggan is the Chair of Mercy Foundation. The CEO's salary of Mercy Foundation is $373,146 and their total compensation is $444,957.
Official website here: www.mercyfoundationsacramento.org
What is the revenue of Mercy Foundation?
Mercy Foundation's revenue in 2022 was $14,996,494.
Official website here: www.mercyfoundationsacramento.org
Who are the executives of Mercy Foundation and what are their salaries?
There 50 volunteers at Mercy Foundation.
Here are 23 key members and their salaries (Mercy Foundation's CEO's salary is $373,146 and their total compensation is $444,957):
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- Compensation: $373,146
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- Compensation: $126,963
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- Other: $47,089
Official website here: www.mercyfoundationsacramento.org
Where can I find the form 990 for Mercy Foundation?
Mercy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyfoundationsacramento.org
Learn more at the official website: www.mercyfoundationsacramento.org
Mission Statement of Mercy Foundation
Mercy Foundation, inspired by the Sisters of Mercy's mission to connect those with resources to those in need, raises philanthropic support and community awareness to enhance the lives of people in the communities they serve. The organization focuses on healthcare, education, housing, and care for the poor and elderly.
With a deep-rooted commitment to improving lives, Mercy Foundation supports various ministries under the auspices of the Sisters of Mercy in the Sacramento region. One mission unites them all: to make a positive impact on those in need. In the realm of healthcare, Mercy Foundation fundraises for institutions like Dignity Health Cancer Institute of Greater Sacramento, Dignity Health Heart and Vascular Institute of Greater Sacramento, and the Neurological Institute of Northern California. These healthcare organizations provide essential services to their communities.
Furthermore, Mercy Foundation's dedication to education is evident through its support of Cristo Rey High School Sacramento. This college prep school offers opportunities to students from families with limited financial resources, ensuring that deserving students in their community receive a quality education. Additionally, Mercy Foundation funds programs for the Mercy MS Center and the Multiple Sclerosis Achievement Center, providing vital support services for participants living with MS and their family members.
Mercy Foundation's efforts extend beyond healthcare and education. They also support housing initiatives like Mercy Housing California and provide care for the poor and elderly through ministries such as Bruceville Terrace and Mercy Center Auburn. Other organizations under Mercy Foundation's wing include Mercy McMahon Terrace, Mercy Pedalers, and Sacramento Loaves & Fishes. The generosity of Mercy Foundation's donors allows these organizations to make a significant difference in the lives of vulnerable members of their community.
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Impact
October, 2024
Mercy Foundation significantly enhances the lives of individuals and families within the Sacramento community through its dedicated philanthropic efforts. By raising support for various ministries inspired by the Sisters of Mercy, it focuses on critical areas such as healthcare, education, housing, and care for the poor and elderly.
In healthcare, Mercy Foundation champions initiatives like the Lucchetti Anderson Heart and Vascular Institute, which aims to provide a patient-centered experience for cardiovascular patients. This groundbreaking project, bolstered by a generous donation of $3 million, promises to improve access to vital clinical care and hospital services.
In education, the Securing the Dream Campaign has been pivotal, raising over $8 million to support Cristo Rey High School Sacramento. This institution offers college preparatory education to students from low-income families, ensuring that it remains a beacon of hope and opportunity for underserved populations.
Furthermore, the foundation extends its impact through specialized programs like the Multiple Sclerosis Achievement Center, offering vital support services tailored for those living with MS and their families. This commitment to enhancing the quality of life for vulnerable community members illustrates the foundation's comprehensive approach to fostering a healthier, more equitable society.
Overall, Mercy Foundation’s efforts not only provide direct support to those in need but also cultivate a culture of compassion and community engagement, making a lasting difference in the Sacramento region.
This information is meant to be a general summary of Mercy Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,373,885
- Gross Receipts: $20,372,627
Assets and Liabilities:
- Total Assets: $57,767,002
- Total Liabilities: $2,957,236
- Net Assets: $54,809,766
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Organization Details
Founding Year
1954
Phone
(916) 851-2700Principal Officer
Kevin Duggan
Main Address
3400 DATA DR 3RD FLOOR, RANCHO CORDOVA, CA, 95670
NTEE Category
Code: E22 - Health
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