Overview
What is Mercy Foundation Inc?
Mercy Foundation Inc, established in 1983 and situated in Chicago, Illinois, has been a vital support system for Mercy Health System of Chicago's programs and affiliates. The foundation's primary mission is to aid Mercy Health in its various initiatives. Following the sale of Mercy Hospital and Medical Center on May 31, 2021, a resolution was adopted to transfer unallocated funds to other eligible 501(c)(3) organizations. These organizations will honor the legacy of Mercy Health and Medical Center while serving the communities they previously served. The foundation is a member of Mercy Health System of Chicago and Trinity Health, working together to provide compassionate and transformative healing services within their communities.
Official website here: www.mercyfoundationchicago.org
Is Mercy Foundation Inc legitimate?
Mercy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy 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: $0
For more financial information, click here
Official website here: www.mercyfoundationchicago.org
What is the mission statement of Mercy Foundation Inc?
The Mercy Foundation Inc's mission is to support the programs of Mercy Health System of Chicago and its affiliates. In line with this, Mercy Health System of Chicago, along with Trinity Health, serves the community in the spirit of the gospel as a compassionate and transforming healing presence. The foundation, being a member of Mercy Health System of Chicago and Trinity Health, has historically served as the fundraising arm for Mercy Health System of Chicago. Following the sale of Mercy Hospital and Medical Center on May 31, 2021, a resolution has been adopted to transfer unrestricted funds to other 501(c)(3) organizations, aiming to honor Mercy Health and Medical Center's legacy and serve the communities they once served. The process to determine what can be done with the restricted funds is currently underway.
Official website here: www.mercyfoundationchicago.org
What is the revenue of Mercy Foundation Inc?
Mercy Foundation Inc's revenue in 2024 was $531,687.
Official website here: www.mercyfoundationchicago.org
Who are the executives of Mercy Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $2,918,972
- Other: $80,718
- Compensation: $0
- Related: $888,904
- Other: $15,306
- Compensation: $0
- Related: $322,499
- Other: $54,489
- Compensation: $0
- Related: $281,500
- Other: $25,012
- Compensation: $0
- Related: $265,983
- Other: $37,097
Official website here: www.mercyfoundationchicago.org
Where can I find the form 990 for Mercy Foundation Inc?
Mercy Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mercyfoundationchicago.org
Learn more at the official website: www.mercyfoundationchicago.org
Mission Statement of Mercy Foundation Inc
Mercy Foundation Inc, as a part of Mercy Health System of Chicago and Trinity Health, serves its communities with compassion and transformation, adhering to the spirit of the gospel. This nonprofit organization, established in 1983, was initially the fundraising arm for Mercy Health System of Chicago. With Mercy Health System of Chicago in the process of winding down after the sale of Mercy Hospital and Medical Center on May 31, 2021, a resolution was adopted by Mercy Foundation to transfer its unencumbered funds to other 501(c)(3) organizations. These organizations will honor the legacy of Mercy Health and Medical Center and continue serving the communities they once served. A plan is currently underway to determine how the restricted funds can be utilized effectively.
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Impact
October, 2024
Mercy Foundation Inc plays a crucial role in supporting the healthcare programs of Mercy Health System of Chicago and its affiliates. Established in 1983, the foundation facilitated fundraising efforts for health services in the region. Following the sale of Mercy Hospital and Medical Center on May 31, 2021, the foundation has shifted its focus to ensure that the legacy of healthcare services continues in the communities served by Mercy.
By transferring unrestricted funds to other organizations that will uphold the mission and values of Mercy Health, the foundation is dedicated to sustaining compassionate healthcare access, especially in underserved areas. This commitment reflects a transformative approach, aiming to create a positive impact on community health outcomes and maintain continuity of care. The foundation is currently working on a strategy for the allocation of restricted funds, further emphasizing its commitment to effective community healthcare solutions.
Overall, Mercy Foundation Inc continues to champion a spirit of compassion and healing, fostering relationships with various organizations to enhance healthcare delivery and meet the needs of the community.
This information is meant to be a general summary of Mercy 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 2024.
- Investment Income: $531,687
- Gross Receipts: $531,687
Assets and Liabilities:
- Total Assets: $6,556,325
- Total Liabilities: $0
- Net Assets: $6,556,325
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Organization Details
Founding Year
1983
Principal Officer
Benjamin Carter
NTEE Category
Code: T70Z - Philanthropy
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