Overview
What is Mercy Health Foundation Ada?
Mercy Health Foundation Ada is a charitable organization established to enhance the quality of care and services offered by Mercy Hospital Ada in Oklahoma. They achieve this goal by raising funds from various sources such as donations. The foundation's role is to manage and utilize these funds effectively, allocating income and principal towards the betterment of Mercy Ada institutions. Embracing the compassionate care and exceptional service ethos of the Sisters of Mercy, the foundation continues their healing ministry.
Official website here: www.mercy.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating. This high rating reflects the Mercy Health Foundation Ada's strong performance in accountability and finance, highlighting its commitment to transparency and effective management of resources.
The organization has achieved a perfect score in several key areas, including having a fully independent board and a solid financial oversight mechanism. With a program expense ratio of 80.63%, it demonstrates a robust commitment to using funds directly for its charitable mission. Additionally, the foundation has an impressive working capital ratio of 11.53 years, indicating a strong financial position and sustainability.
There are no significant limitations noted in the data, as the organization has maintained compliance with important governance policies and practices. Its low liabilities to assets ratio of 0.83% further underscores its financial health, showing that it is effectively managing its obligations. Overall, Mercy Health Foundation Ada stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Health Foundation Ada legitimate?
Mercy Health Foundation Ada is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Health Foundation Ada 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: $169,094
For more financial information, click here
Official website here: www.mercy.net
What is the mission statement of Mercy Health Foundation Ada?
The Mercy Health Foundation, drawing inspiration from the Sisters of Mercy, aims to carry forward Jesus' healing ministry by providing compassionate care and exceptional service. This not-for-profit organization, established to enhance the quality of care and services at Mercy Hospital Ada in Oklahoma, achieves its objective primarily through philanthropy. This involves raising funds from various sources, including donations. The mission of the foundation is to manage and utilize these donations, bequests, and other assets, with the intention of benefiting the Mercy Ada institutions by distributing income and principal funds as needed.
Official website here: www.mercy.net
Who is the CEO of Mercy Health Foundation Ada?
Todd Essary is the Principal Officer of Mercy Health Foundation Ada.
Official website here: www.mercy.net
What is the revenue of Mercy Health Foundation Ada?
Mercy Health Foundation Ada's revenue in 2022 was $634,778.
Official website here: www.mercy.net
Who are the executives of Mercy Health Foundation Ada and what are their salaries?
There 15 volunteers at Mercy Health Foundation Ada.
Here are 22 key members and their salaries:
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- Related: $130,071
- Other: $8,372
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- Related: $131,335
- Other: $8,809
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- Related: $209,778
- Other: $20,951
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- Related: $515,964
- Other: $27,283
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- Related: $136,710
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- Related: $800,010
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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 Ada?
Mercy Health Foundation Ada'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 Ada
Mercy Health Foundation, as a philanthropic organization, is dedicated to amplifying the exceptional care and compassionate service provided by Mercy Hospital. In line with the healing ministry of Jesus, as exemplified by the Sisters of Mercy, the foundation aims to enhance the quality of care and services offered by Mercy institutions. This is achieved through the acquisition and management of donations, bequests, and other forms of financial support. The ultimate goal is to utilize these resources to benefit Mercy institutions, ensuring that they can continue to deliver high-quality healthcare services to their communities.
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Impact
July, 2024
Mercy Health Foundation Ada's impact is significant in enhancing the quality of care and services provided by Mercy Hospital Ada in Oklahoma. Through philanthropic efforts, the Foundation raises revenue from various sources, including donations, to support the hospital's mission of bringing to life the healing ministry of Jesus through compassionate care and exceptional service. The Foundation seeks, acquires, and administers gifts and funds to benefit Mercy Ada institutions, ultimately improving healthcare services and positively impacting the community in Ada, Oklahoma.
This information is meant to be a general summary of Mercy Health Foundation Ada. 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: $110
- Gross Receipts: $669,043
Assets and Liabilities:
- Total Assets: $2,404,149
- Total Liabilities: $46,058
- Net Assets: $2,358,091
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Organization Details
Founding Year
2013
Phone
(580) 421-1403Principal Officer
Todd Essary
Main Address
430 N MONTE VISTA STREET, ADA, OK, 74820
Website
www.mercy.netNTEE Category
Code: T30 - Philanthropy
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