Overview
What is Mercy Hospitalcedar Rapidsia Endowment Foundation Inc?
Mercy Hospitalcedar Rapidsia Endowment Foundation Inc is a nonprofit organization based in Cedar Rapids, Iowa, with a mission to support and encourage the mission and activities of Mercy Medical Center. Established exclusively for this purpose, the foundation fosters growth and development at Mercy Medical Center with a team of seven employees. The foundation's primary goal is to strengthen the institution and contribute to its ongoing efforts.
Official website here: www.mercycare.org/ways-to-give/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Mercy Hospital Cedar Rapids IA Endowment Foundation Inc holds a strong Four-Star rating from Charity Navigator, reflecting its commendable performance in accountability and finance. With a perfect score of 100% in this category, it showcases a robust financial structure, ensuring that a significant portion of its resources is utilized effectively towards its programs and mission.
The organization benefits from a highly independent board, comprised entirely of independent members, which strengthens its governance practices. It has implemented comprehensive financial oversight measures, including an Audit and Oversight Committee, and maintains transparency through policies regarding conflicts of interest and whistleblowing. The foundation's excellent fundraising efficiency further indicates its commitment to maximizing donor contributions.
While the foundation's financial ratios are impressive, with a low liability-to-assets ratio and high program expense percentage, no significant limitations were noted in the available data. Overall, the Mercy Hospital Cedar Rapids IA Endowment Foundation Inc appears to be a well-managed nonprofit organization dedicated to its mission with a strong emphasis on accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Hospitalcedar Rapidsia Endowment Foundation Inc legitimate?
Mercy Hospitalcedar Rapidsia Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Hospitalcedar Rapidsia Endowment 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: $176,544
Professional Fundraising Fees: $98,135
Other Salaries and Wages: $403,614
For more financial information, click here
Official website here: www.mercycare.org/ways-to-give/
What is the mission statement of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc?
The Mercy Hospitalcedar Rapidsia Endowment Foundation is dedicated to fostering, supporting, and encouraging the mission and activities of Mercy Medical Center. The foundation works exclusively to advance the goals and initiatives of the medical center, acting as a crucial partner in its operations. By providing financial and other resources, the foundation plays a significant role in strengthening Mercy Medical Center's ability to deliver essential healthcare services. The foundation's commitment ensures that the medical center can continue its vital work, ultimately benefiting the community and the people it serves.
Official website here: www.mercycare.org/ways-to-give/
Who is the CEO of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc?
Nathan Van Genderen is the Secretary of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc.
Official website here: www.mercycare.org/ways-to-give/
What is the revenue of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc?
Mercy Hospitalcedar Rapidsia Endowment Foundation Inc's revenue in 2022 was $17,935,593.
Official website here: www.mercycare.org/ways-to-give/
Who are the executives of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc and what are their salaries?
The average compensation at Mercy Hospitalcedar Rapidsia Endowment Foundation Inc during 2022 was $82,880. There are 7 employees and 15 volunteers at Mercy Hospitalcedar Rapidsia Endowment Foundation Inc.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $1,289,481
- Other: $78,673
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- Related: $83,799
- Other: $7,452
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- Related: $116,035
- Other: $6,410
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- Related: $640,562
- Other: $64,928
- Compensation: $157,312
- Related: $0
- Other: $30,679
Official website here: www.mercycare.org/ways-to-give/
Where can I find the form 990 for Mercy Hospitalcedar Rapidsia Endowment Foundation Inc?
Mercy Hospitalcedar Rapidsia Endowment Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercycare.org/ways-to-give/
Learn more at the official website: www.mercycare.org/ways-to-give/
Mission Statement of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc
The Mercy Hospitalcedar Rapidsia Endowment Foundation is a dedicated organization, solely focused on fostering, supporting, and encouraging the mission and activities of Mercy Medical Center. Established with the intent to make a lasting impact, the Foundation is exclusively organized to further Mercy Medical Center's mission and initiatives. Through its unwavering commitment, the Foundation plays a crucial role in ensuring the continued growth and success of the medical center. By providing essential resources and support, it fosters an environment that enables Mercy Medical Center to excel in its services and deliver high-quality care to those in need.
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Impact
October, 2024
Mercy Hospital Cedar Rapids Endowment Foundation Inc plays a vital role in enhancing the healthcare services provided by Mercy Medical Center. By fostering, supporting, and encouraging the mission and activities of this medical institution, the foundation contributes significantly to patient care, community health initiatives, and the overall enhancement of healthcare quality in Cedar Rapids, Iowa. Its efforts ensure that the medical center can continue to deliver essential services and innovate in its practices, which directly benefits the health and well-being of the local community. Through various programs and initiatives, the foundation addresses pressing health needs, supports medical research, and promotes wellness in the region, thereby making a lasting impact on the health landscape of Cedar Rapids.
This information is meant to be a general summary of Mercy Hospitalcedar Rapidsia Endowment 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: $7,563,974
- Gross Receipts: $19,749,205
Assets and Liabilities:
- Total Assets: $138,946,347
- Total Liabilities: $2,872,129
- Net Assets: $136,074,218
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Organization Details
Founding Year
1977
Phone
(319) 398-6105Principal Officer
Nathan Van Genderen
Main Address
701 10TH ST SE, CEDAR RAPIDS, IA, 52403
NTEE Category
Code: E110 - Health
If you are a representative of Mercy Hospitalcedar Rapidsia Endowment Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.