Overview
What is Mercy Development Foundation?
The Mercy Development Foundation is a charitable organization that operates within the realm of Catholic healthcare. Its primary function is to acquire financial contributions and donations from various sources, such as individuals, businesses, corporations, organizations, foundations, and government agencies. These contributions serve to fund the capital and programmatic needs of Mercy Medical Center. In the year 2019, the Foundation successfully secured 6,189 gifts from a total of 1,133 donors. The organization's mission is to support Mercy Medical Center in its endeavors, thereby contributing to the betterment of healthcare services.
Official website here: www.cantonmercy.org/giving
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Stars
Mercy Development Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is derived entirely from their accountability and finance metrics, where they achieved a score of 78%. This score reflects the foundation’s commitment to maintaining strong financial practices, including a majority independent board and comprehensive financial audits.
The organization excels in various areas such as having an independent board with 80% of its members being independent, as well as a strong audit score. They have established policies for conflict of interest and whistleblowing, demonstrating a commitment to transparency. Furthermore, there is no reported material diversion of assets, which adds to their credibility.
However, the program expense ratio stands at 55.67%, which is comparatively lower than expected, indicating that not all funds may be directed toward programmatic activities. While the foundation exhibits strengths in governance and financial management, the allocation of resources towards programs may require evaluation to enhance their overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Development Foundation legitimate?
Mercy Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Development 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: $112,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,029
For more financial information, click here
Official website here: www.cantonmercy.org/giving
What is the mission statement of Mercy Development Foundation?
The Mercy Development Foundation, being a Catholic healthcare organization, raises funds and collects gifts from various sources to aid in the financial requirements of Mercy Medical Center, focusing on both capital and program needs. In 2019, the Foundation successfully solicited 6,189 contributions from a total of 1,133 donors. The primary goal of the Mercy Development Foundation is to support the operational and developmental needs of the medical center, thereby enhancing its capabilities and services to the community it serves.
Official website here: www.cantonmercy.org/giving
Who is the CEO of Mercy Development Foundation?
Thomas Turner is the Board Member of Mercy Development Foundation.
Official website here: www.cantonmercy.org/giving
What is the revenue of Mercy Development Foundation?
Mercy Development Foundation's revenue in 2020 was $907,843.
Official website here: www.cantonmercy.org/giving
Who are the executives of Mercy Development Foundation and what are their salaries?
There 166 volunteers at Mercy Development Foundation.
Here are 35 key members and their salaries:
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- Other: $45,057
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Official website here: www.cantonmercy.org/giving
Where can I find the form 990 for Mercy Development Foundation?
Mercy Development Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.cantonmercy.org/giving
Learn more at the official website: www.cantonmercy.org/giving
Mission Statement of Mercy Development Foundation
The Mercy Development Foundation, a Catholic healthcare organization, is dedicated to securing financial support through gifts and donations. Its primary objective is to strengthen Mercy Medical Center by meeting its capital and programming needs. In the year 2019, the Foundation successfully solicited 6,189 gifts from a diverse pool of 1,133 donors. This philanthropic organization plays a vital role in raising funds, enabling Mercy Medical Center to continue delivering high-quality healthcare services.
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Impact
October, 2024
The Mercy Development Foundation significantly enhances the operational capabilities of Mercy Medical Center by securing essential funding and resources. In 2019 alone, it successfully obtained 6,189 gifts from 1,133 donors, reflecting a robust community engagement and philanthropic support. This influx of contributions plays a crucial role in addressing both capital needs and programming requirements, ensuring that the medical center can maintain and improve its healthcare services. The Foundation’s efforts foster a collaborative spirit among individuals, businesses, and governmental agencies, making a lasting impact on the health and well-being of the community in Independence, Ohio.
This information is meant to be a general summary of Mercy Development 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 2020.
- Investment Income: $1,796
- Gross Receipts: $946,223
Assets and Liabilities:
- Total Assets: $2,764,146
- Total Liabilities: $492,971
- Net Assets: $2,271,175
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Organization Details
Founding Year
2011
Phone
(330) 489-1000Principal Officer
Thomas Turner
Main Address
CO 6801 BRECKSVILLE ROAD RK1-85, INDEPENDENCE, OH, 44131
Website
www.cantonmercy.org/givingNTEE Category
Code: X20 - Religion related
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