Overview
What is Mount Mercy University?
Mount Mercy University is a Catholic higher education institution located at 1330 Elmhurst Drive NE, Cedar Rapids, IA, 52402, with a total of 801 employees. The university offers both undergraduate and graduate programs, catering to approximately 1,500 students through various formats, including traditional daytime, non-traditional evening, online, and accelerated evening and weekend courses. Degrees granted span from MFT, MSN, MBA, MSL, MA in Education, MM, DMFT, and DNP (graduate programs) to BA, BS, BAS, BSN, and BBA (undergraduate programs). In Fall 2022, there were 1,081 traditional, 83 accelerated, 157 graduate, 107 online, and 98 online graduate students. The mission of Mount Mercy University is to provide a student-focused, faith-based education in the spirit of the Sisters of Mercy, welcoming individuals of all beliefs to join the community. The university emphasizes reflective judgment, strategic communication, serving the common good, and promoting purposeful living through a core curriculum, liberal arts, and professional majors, as well as student development programs.
Official website here: www.mtmercy.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Mount Mercy University has achieved a commendable Four-Star rating from Charity Navigator, reflecting high standards in accountability and finance. The score is particularly notable for its strong performance across various beacons, with an overall score derived solely from the Accountability & Finance category. This rating indicates that the organization is transparent and effectively manages its financial resources.
The university demonstrates excellent governance with 100% independent board members and a strong financial oversight structure. Additionally, the university has implemented comprehensive policies related to conflicts of interest, whistleblower protections, and document retention, further ensuring ethical management practices. The low liability-to-assets ratio and high program expense ratio indicate a healthy financial position, with a significant portion of funds directed toward its programs.
While the rating highlights many strengths, it primarily focuses on financial accountability rather than programmatic effectiveness or impact. As such, potential donors may also want to explore additional aspects of the university’s outreach and educational impact to gain a more holistic view of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Mercy University legitimate?
Mount Mercy University is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Mercy University 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: $917,355
Professional Fundraising Fees: $111,220
Other Salaries and Wages: $15,192,420
For more financial information, click here
Official website here: www.mtmercy.edu
What is the mission statement of Mount Mercy University?
Mount Mercy University is a Catholic institution committed to providing undergraduate and graduate education to approximately 1,500 students. It encourages both women and men of various beliefs to join its community, focusing on education and service to those in need. The university promotes reflective judgment and strategic communication, aiming for the common good and purposeful living through a core curriculum, liberal arts, and professional majors. The university strives for excellence in accomplishing its mission, which includes using reflective judgment, engaging in strategic communication, serving the common good, and promoting purposeful living.
Official website here: www.mtmercy.edu
Who is the CEO of Mount Mercy University?
Todd Olson is the Board Chair & Trustee of Mount Mercy University.
Official website here: www.mtmercy.edu
What is the revenue of Mount Mercy University?
Mount Mercy University's revenue in 2023 was $54,383,606.
Official website here: www.mtmercy.edu
Who are the executives of Mount Mercy University and what are their salaries?
The average compensation at Mount Mercy University during 2023 was $20,112. There are 801 employees and 330 volunteers at Mount Mercy University.
Here are 36 key members and their salaries:
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Official website here: www.mtmercy.edu
Where can I find the form 990 for Mount Mercy University?
Mount Mercy University's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mtmercy.edu
Learn more at the official website: www.mtmercy.edu
Mission Statement of Mount Mercy University
Mount Mercy University, a Catholic institution, is dedicated to providing undergraduate and graduate education to approximately 1,500 students. The university's mission goes beyond academics, welcoming women and men of all beliefs to join its community in the pursuit of education and service to those in need. Mount Mercy University fosters reflective judgment and strategic communication among its students, promoting the common good and purposeful living.
Through a core curriculum, liberal arts, and professional majors, Mount Mercy University encourages its students to strive for excellence. The university's commitment to reflective judgment equips students with the ability to think critically and make informed decisions. Strategic communication skills help students effectively articulate their thoughts and ideas, ensuring successful interactions in both personal and professional settings. The university's focus on the common good emphasizes the importance of considering the wellbeing of society as a whole, while the promotion of purposeful living encourages students to live meaningful and fulfilling lives.
Mount Mercy University's four interdependent goals further emphasize its dedication to students. The first goal, using reflective judgment, enables students to analyze situations, weigh the pros and cons, and make thoughtful decisions. The second goal, engaging in strategic communication, encourages students to effectively express their thoughts and ideas to diverse audiences. The third goal, serving the common good, instills a sense of responsibility towards the welfare of society, while the fourth goal, promoting purposeful living, motivates students to lead lives filled with meaning and purpose. By integrating these goals into its educational programs, Mount Mercy University aims to prepare its students for personal and professional success.
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Impact
October, 2024
Mount Mercy University significantly impacts the Cedar Rapids community and beyond by providing comprehensive undergraduate and graduate education to approximately 1,500 students. Offering diverse programs in various formats—including traditional daytime, non-traditional evening, online, and accelerated classes—the university caters to a range of learning styles and schedules, making higher education accessible to many.
With a wide array of degrees, such as Master of Family Therapy (MFT), Master of Nursing (MSN), Master of Business Administration (MBA), and various undergraduate programs, Mount Mercy University prepares students for successful careers while fostering personal and professional growth. As of Fall 2022, the university served a vibrant mix of traditional students, online learners, and graduate candidates, reflecting its commitment to inclusivity and adaptability in education.
Rooted in the mission to provide student-focused education in the spirit of the Sisters of Mercy, the university emphasizes the development of reflective judgment, strategic communication, and service to the common good. Through its core curriculum and student development programs, Mount Mercy cultivates thoughtful leaders who are dedicated to purposeful living and community service. The university's impact extends beyond academics, shaping individuals who contribute meaningfully to society and advocate for those in need.
This information is meant to be a general summary of Mount Mercy University. 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 2023.
- Investment Income: $1,020,166
- Program Service Revenue: $46,095,226
- Gross Receipts: $73,427,259
Assets and Liabilities:
- Total Assets: $100,941,068
- Total Liabilities: $15,526,570
- Net Assets: $85,414,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$40,384,864
AUXILIARY SERVICES
Revenue
$5,063,371
FEES & ASSESSMENTS
Revenue
$646,991
Organization Details
Founding Year
1928
Phone
(319) 363-1323Principal Officer
Todd Olson
Main Address
1330 ELMHURST DRIVE NE, CEDAR RAPIDS, IA, 52402
Website
www.mtmercy.eduNTEE Category
Code: B420 - Education
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