Overview
What is Mercy Health Foundation Oklahoma City?
Mercy Health Foundation Oklahoma City is a not-for-profit corporation, headquartered at 4300 W MEMORIAL ROAD in Oklahoma City, Oklahoma (73120). Established with the primary objective of enhancing the quality of care and services at Mercy Hospital Oklahoma City through philanthropy, the Foundation raises revenue from various sources such as donations to support its mission. With a strong commitment to compassionate care and exceptional service, as exemplified by the Sisters of Mercy, the Foundation seeks to use and disburse gifts, bequests, trusts, and properties to benefit Mercy Oklahoma City Institutions.
Official website here: www.mercy.net
What are the reviews and ratings of this charity?
93% rating from Charity Navigator, earning a Four-Star out of Four Star rating for Mercy Health Foundation Oklahoma City indicates a strong performance in accountability and finance. This high score reflects the organization's commitment to transparency and effective governance, crucial aspects that donors often consider when contributing to nonprofits.
The foundation showcases several organizational strengths, including an entirely independent board with 86% of its members being independent, which enhances its decision-making process. Additionally, it demonstrates solid financial practices with no material diversion of assets, a favorable liabilities to assets ratio, and high fundraising efficiency. The program expense ratio is also commendable, suggesting that a significant portion of its resources is directed toward its mission.
While the organization performs well overall, the program expense ratio of 67.22% indicates that there is room for improvement in how funds are allocated toward programs versus administrative costs. However, the foundation's focus on maintaining sound financial practices and strong governance measures positions it as a reliable and trustworthy nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Health Foundation Oklahoma City legitimate?
Mercy Health Foundation Oklahoma City is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Health Foundation Oklahoma City 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: $1,543,709
For more financial information, click here
Official website here: www.mercy.net
What is the mission statement of Mercy Health Foundation Oklahoma City?
Mercy Health Foundation in Oklahoma City carries forward the healing ministry of Jesus by providing compassionate care and exceptional services. Through philanthropy, they enhance the quality of care and offerings at Mercy Hospital in Oklahoma. By securing funds from various sources, such as donations, they support the institutions associated with Mercy Health in Oklahoma City. Their primary goal is to manage and utilize gifts, bequests, and benefits to generate income and disburse it for the benefit of the Mercy Health institutions.
Official website here: www.mercy.net
Who is the CEO of Mercy Health Foundation Oklahoma City?
Lori Cummins is the Principal Officer of Mercy Health Foundation Oklahoma City.
Official website here: www.mercy.net
What is the revenue of Mercy Health Foundation Oklahoma City?
Mercy Health Foundation Oklahoma City's revenue in 2022 was $17,286,796.
Official website here: www.mercy.net
Who are the executives of Mercy Health Foundation Oklahoma City and what are their salaries?
There 34 volunteers at Mercy Health Foundation Oklahoma City.
Here are 32 key members and their salaries:
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- Related: $269,178
- Other: $4,238
Official website here: www.mercy.net
Where can I find the form 990 for Mercy Health Foundation Oklahoma City?
Mercy Health Foundation Oklahoma City's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercy.net
Learn more at the official website: www.mercy.net
Mission Statement of Mercy Health Foundation Oklahoma City
Mercy Health Foundation Oklahoma City, a not-for-profit corporation, is driven by the healing ministry of Jesus, as inspired by the Sisters of Mercy before them. This foundation seeks to enhance the quality of care and services provided by Mercy Hospital Oklahoma City through philanthropy. By raising revenue from various sources including donations, the foundation aims to invest and administer these gifts, bequests, trusts, and properties to generate income and principally for the benefit of Mercy Hospital institutions. In essence, Mercy Health Foundation Oklahoma City acts as a philanthropic arm, ensuring the continued provision of compassionate care and exceptional services that embodies the healing ministry of Jesus.
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Impact
October, 2024
Mercy Health Foundation Oklahoma City enhances the quality of care and services provided by Mercy Hospital Oklahoma City. By raising funds through donations, the foundation supports various initiatives aimed at improving patient experiences and healthcare outcomes. Their commitment to philanthropy enables the provision of compassionate care and exceptional service, reflecting the healing ministry of Jesus.
Through strategic fundraising efforts, the foundation invests in critical programs, services, and technologies that benefit the local community. Their work not only strengthens the hospital's capacity to serve diverse patient needs but also fosters a supportive environment where healthcare professionals can thrive. Ultimately, Mercy Health Foundation's impact is seen in the enhanced community health, accessibility to quality care, and the overall well-being of those they serve in Oklahoma City.
This information is meant to be a general summary of Mercy Health Foundation Oklahoma City. 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: -$497
- Gross Receipts: $17,668,735
Assets and Liabilities:
- Total Assets: $44,547,256
- Total Liabilities: $311,696
- Net Assets: $44,235,560
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Organization Details
Founding Year
2013
Phone
(405) 486-8773Principal Officer
Lori Cummins
Main Address
4300 W MEMORIAL ROAD, OKLAHOMA CITY, OK, 73120
Website
www.mercy.netNTEE Category
Code: T30 - Philanthropy
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