Overview
What is Mercy Health Foundation?
Mercy Health Foundation is a nonprofit organization headquartered in Baltimore, Maryland, with a US address at 301 St Paul St, Baltimore, MD 21202. Their primary mission is to generate philanthropic support from individuals, corporations, and foundations to finance the capital, operating, and endowment priorities of Mercy Health Services and Mercy Medical Center, as approved by their respective boards of trustees. The foundation has successfully raised over $8.4 million in operating funds, benefiting approximately 12,000 inpatients, 7,200 observation cases, 42,000 emergency department visits, and nearly 600,000 primary care and specialty visits. Mercy Health Foundation functions to fortify fundraising efforts for Mercy Medical Center and Stella Maris.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Mercy Health Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation scored particularly well in the areas of Accountability & Finance (95%) and Culture & Community (98%). These scores reflect its strong governance practices, including a majority independent board and comprehensive policies that enhance transparency and accountability.
The organization demonstrates excellent financial management, with a program expense ratio of 73.34%, suggesting a significant portion of its budget is allocated to its programs. Additionally, the foundation has a very low fundraising efficiency ratio, indicating it effectively manages fundraising costs. This level of financial prudence, combined with a strong commitment to collecting and utilizing feedback (100% in both categories), showcases its dedication to continuous improvement and community engagement.
While Mercy Health Foundation has not been scored in the areas of Impact & Measurement or Leadership & Adaptability, its other strengths suggest a solid operational foundation. Overall, this nonprofit stands out for its ethical practices and community focus, making it a trustworthy choice for donors looking to support impactful health-related initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Health Foundation legitimate?
Mercy Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Health Foundation 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: $1,446,569
For more financial information, click here
What is the mission statement of Mercy Health Foundation?
The Mercy Health Foundation works diligently to secure philanthropic contributions for Mercy Medical Center and Stella Maris. Their primary goal is to support the capital, operating, and endowment priorities of Mercy Health Services, as approved by their board of trustees. They have successfully raised over $8.4 million for operating expenses, benefiting thousands of patients, observation cases, emergency department visits, and primary care and specialty visits. The foundation also solicits funding for Mercy Medical Center, advancing its priorities as sanctioned by the Mercy Health Services board of trustees.
Who is the CEO of Mercy Health Foundation?
David N Maine Md is the President/Ceo (Ex Officio) of Mercy Health Foundation. The CEO's salary of Mercy Health Foundation is $0 and their total compensation is $1,184,065.
What is the revenue of Mercy Health Foundation?
Mercy Health Foundation's revenue in 2022 was $35,577,953.
Who are the executives of Mercy Health Foundation and what are their salaries?
There 63 volunteers at Mercy Health Foundation.
Here are 12 key members and their salaries (Mercy Health Foundation's CEO's salary is $0 and their total compensation is $1,184,065):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $183,522
- Other: $9,823
- Compensation: $0
- Related: $804,423
- Other: $20,512
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,603,727
- Other: $19,729
- Compensation: $0
- Related: $250,430
- Other: $0
- Compensation: $0
- Related: $1,158,146
- Other: $25,919
Where can I find the form 990 for Mercy Health Foundation?
Mercy Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mercy Health Foundation
Mercy Health Foundation, a dedicated organization, works tirelessly to rally philanthropic support for Mercy Medical Center and Stella Maris. Its primary mission is twofold: first, to fortify fundraising efforts for Mercy Health Services as determined by the Board of Trustees; and second, to secure financial backing for Mercy Medical Center's capital, operating, and endowment priorities, also in accordance with the Board of Trustees' approval.
Through its unwavering commitment, Mercy Health Foundation has managed to amass over $8.4 million in operating support, which ultimately benefited 11,903 inpatients, 7,177 observation cases, 41,982 emergency department visits, and nearly 600,319 primary care and specialty visits. By enlisting the help of individuals, corporations, and foundations, Mercy Health Foundation plays a vital role in advancing Mercy Health Services' priorities and ensuring the continued provision of essential healthcare services to those in need.
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Impact
October, 2024
Mercy Health Foundation has made a significant impact by coordinating and strengthening fundraising efforts for Mercy Medical Center and Stella Maris. Through its initiatives, it has successfully enlisted philanthropic support from individuals, corporations, and foundations, allowing for the advancement of critical capital and endowment priorities approved by the Board of Trustees of Mercy Health Services.
The Foundation has raised over $8.4 million in operating support, which has directly benefited a diverse patient population, including 11,903 patients, 7,177 observation cases, and 41,982 emergency department visits. Additionally, it has facilitated nearly 600,319 primary care and specialty visits, ensuring that the community has access to essential health services. This philanthropic engagement not only enhances the quality of care provided but also strengthens the overall healthcare infrastructure in Baltimore, Maryland.
This information is meant to be a general summary of Mercy Health Foundation. 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: $959,611
- Gross Receipts: $35,685,976
Assets and Liabilities:
- Total Assets: $54,767,544
- Total Liabilities: $7,656,494
- Net Assets: $47,111,050
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Organization Details
Founding Year
1999
Phone
(410) 332-9313Principal Officer
David N Maine Md
Main Address
301 ST PAUL ST, BALTIMORE, MD, 21202
NTEE Category
Code: E110 - Health
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