Overview
What is Mercyhealth Development Foundation Inc?
Mercyhealth Development Foundation Inc, based in Rockford, Illinois, serves as a crucial support system for Mercy Health System (MHS). Its primary role is to collect and manage funds, utilizing them to further the objectives of affiliated MHS entities. The foundation accomplishes this by funding education and training programs, conferences for hospitalists, and patient expenses for indigent individuals. Additionally, it contributes to various initiatives such as providing meals for cancer patients, acquiring necessary equipment for neonatal intensive care units, and supporting various improvement projects within the MHS system. The foundation aligns with MHS's mission to deliver exceptional healthcare services with a passion for improving lives, contributing to the system's commitment to quality, service, partnering, cost-effectiveness, and its core values of healing, putting patients first, treating colleagues as family, and always seeking excellence.
Official website here: www.mercyhealthsystem.org/program/foundation/
Is Mercyhealth Development Foundation Inc legitimate?
Mercyhealth Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercyhealth Development Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $159,923
For more financial information, click here
Official website here: www.mercyhealthsystem.org/program/foundation/
What is the mission statement of Mercyhealth Development Foundation Inc?
The Mercyhealth Development Foundation Inc has a mission to aid entities within the Mercy Health System (MHS) by managing funds received from various sources. The objective is to further the exempt purpose of these non-profit organizations, aligned with MHS's mission of providing exceptional health care services with a passion for improving lives. The foundation supports MHS in achieving this mission by utilizing its resources to assist affiliated entities in fulfilling their commitment to this mission. The Mercy Health System, in turn, is dedicated to delivering quality patient care, exceptional customer service, fostering a positive work environment, and providing cost-effective care, all guided by its core values.
Official website here: www.mercyhealthsystem.org/program/foundation/
Who is the CEO of Mercyhealth Development Foundation Inc?
Javon Bea is the President & Ceo (See Pages 46-49) of Mercyhealth Development Foundation Inc. The CEO's salary of Mercyhealth Development Foundation Inc is $0 and their total compensation is $12,527,853.
Official website here: www.mercyhealthsystem.org/program/foundation/
What is the revenue of Mercyhealth Development Foundation Inc?
Mercyhealth Development Foundation Inc's revenue in 2022 was $2,113,503.
Official website here: www.mercyhealthsystem.org/program/foundation/
Who are the executives of Mercyhealth Development Foundation Inc and what are their salaries?
There 38 volunteers at Mercyhealth Development Foundation Inc.
Here are 16 key members and their salaries (Mercyhealth Development Foundation Inc's CEO's salary is $0 and their total compensation is $12,527,853):
- Compensation: $0
- Related: $11,908,792
- Other: $619,061
- Compensation: $0
- Related: $444,609
- Other: $28,511
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $767,925
- Other: $45,782
- Compensation: $0
- Related: $432,755
- Other: $52,988
- Compensation: $0
- Related: $319,804
- Other: $16,364
Official website here: www.mercyhealthsystem.org/program/foundation/
Where can I find the form 990 for Mercyhealth Development Foundation Inc?
Mercyhealth Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyhealthsystem.org/program/foundation/
Learn more at the official website: www.mercyhealthsystem.org/program/foundation/
Mission Statement of Mercyhealth Development Foundation Inc
Mercyhealth Development Foundation, Inc., as a supporting entity of the Mercy Health System (MHS), is committed to furthering the mission of its affiliated organizations. This mission, held by MHS, is to provide exceptional healthcare services with a passion for enhancing lives. Mercyhealth Development Foundation, Inc. achieves this by managing and allocating resources received from various sources, ensuring that these non-profit organizations can fulfill their own commitments to this mission. The foundation's work is guided by the values of Mercy Health System, which include healing in the broadest sense, prioritizing patients, treating one another like family, and consistently striving for excellence. By supporting its affiliated entities, Mercyhealth Development Foundation, Inc. plays a crucial role in enhancing the quality of healthcare services and improving lives within the Mercy Health System.
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Impact
October, 2024
Mercyhealth Development Foundation Inc plays a crucial role in enhancing health care services within the Mercy Health System (MHS), significantly impacting the lives of patients and health care providers. Its mission focuses on providing essential assistance by receiving and managing funds from public and private sources.
In FY2022, the foundation supported crucial educational initiatives such as training and conferences for hospitalists. The foundation's restricted gifts and endowments directly benefitted individuals in need, funding patient expenses for those facing financial hardships, subsidizing meals for cancer patients undergoing treatment, and supplying necessary equipment in neonatal intensive care units (NICUs).
Additionally, donations facilitated by the foundation's auxiliary contributed to various programs, including the Care Mobile, nursing scholarships for minority students, pet therapy, and assistance for radiology school students. The foundation also played a pivotal role in upgrading facilities, such as providing new treadmills for cardiology rehabilitation, which in turn supports better health outcomes for patients.
Overall, Mercyhealth Development Foundation Inc exemplifies a commitment to exceptional health care services, directly aligning with the overarching mission of MHS to enhance lives through quality and compassionate care.
This information is meant to be a general summary of Mercyhealth Development Foundation Inc. 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: $568,931
- Gross Receipts: $4,436,172
Assets and Liabilities:
- Total Assets: $40,047,311
- Total Liabilities: $1,141,093
- Net Assets: $38,906,218
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Organization Details
Founding Year
1982
Phone
(815) 971-5000Principal Officer
Javon Bea
Main Address
2400 ROCKTON AVE, ROCKFORD, IL, 61103
NTEE Category
Code: T12 - Philanthropy
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