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Mercyhealth Development Foundation INC

Public charity
Foundations · ROCKFORD, IL · EIN 36-3197918

About

The Mission of Mercy Health System (MHS) is "Exceptional health care services with a passion for making lives better". With a vision of quality - excellence in patient care, service - exceptional patient and customer care, partnering - best place to work and - cost-effective care and a commitment to the values of: healing in the broadest sense, patients come first, treat each other like family and always seek excellence. The Mercyhealth Development Foundation, Inc. assists in this mission by using its resources to support all affiliated entities to help them fulfill their commitment to this mission.

Donations are tax-deductible
Category
Foundations
Employees
0
Volunteers
30

Financial Snapshot

FY ending 2023-06-30
Revenue
$2.2M
Expenses
$1.4M
Assets
$43.3M
Liabilities
$576K

Financial history

$2.2M$1.1M$0
2223
RevenueExpenses
Latest FY2023: $2.2M

Foreign activity (Schedule F)

Total spent abroad$106K
Foreign employees0
Foreign offices0
Foreign partnership interestNo
Foreign trust interestNo
RegionActivitySpent
Sub-Saharan Africa

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$782K
MERCYHEALTH DEVELOPMENT FOUNDATION INC
Your actions

Address

8201 E Riverside BLVD
Rockford, IL, 61114-230

Governance

Voting board members11
Independent members9
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %42.1%
Permanent endowment %30.3%
Endowment held by related orgNo
Public records
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