Mercy Foundation FY2022 filing

Tax-deductible

Rancho Cordova, CA501(c)(3)Since 1954HospitalsEIN 23-7072762

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Inspired by the mission of the sisters of Mercy to connect those with resources to those in need, Mercy Foundation raises philanthropic support and community awareness to enhance the lives of people in the communities we serve. Mercy Foundation focuses on healthcare, education, housing, and care for the poor and elderly.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$838K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.0M a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$838K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 20 voting members
Looks good: 18 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.0M
+31% vs prior year
Spent
$9.6M
To programs
78%
Net assets
$54.8M
By yearFY2020–FY2024
Revenue
$15.0M
FY2022▲ +31%
Revenue by fiscal year
FY2020$16.1M
FY2021$11.5M
FY2022$15.0M
FY2023$7.2M
FY2024$9.6M
FY2024$11.5M
Expenses
$9.6M
FY2022▲ +5%
Expenses by fiscal year
FY2020$9.4M
FY2021$9.2M
FY2022$9.6M
FY2023$10.0M
FY2024$11.4M
FY2024$10.3M
Net assets
$54.8M
FY2022-0.2%
Net assets by fiscal year
FY2020$46.5M
FY2021$54.9M
FY2022$54.8M
FY2023$53.1M
FY2024$53.2M
FY2024$55.8M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $7.5M Management & general 6% · $625K Fundraising 16% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $838K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO Mercy Foundation
$373,146Pt VII · Sec A
Chief Development Officer
$216,654Pt VII · Sec A
Manager of Operations
$126,963Pt VII · Sec A
Director of Finance
$121,210Pt VII · Sec A
$0Pt VII · Sec A
Sisters of Mercy West
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kevin Duggan’s $419K as President and CEO Mercy Fo is at the 68th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kevin Duggan$418,586$347,695$333,541$373,146$342,906$352,912
Kathleen P Lopez$225,180—————
John McIntyre—$176,289$210,038$216,654$197,410$182,071
Catherine Smith$144,722$124,931$124,659$126,963$113,971$115,914
Trisha Pena$138,364$116,952$113,437$121,210$108,472$106,428
Kaci Baldi—————$119,757

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mercy Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises money to support healthcare ministries for the Sisters of Mercy.

Provided by the organization

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1 program · $7.5M · in their own filed words · FY2021
01

Many ministries, one mission mercy foundation raises funds on behalf of the following ministries supported by the sisters of mercy within the sacramento region, with one mission: to enhance the lives of people in the community.

$7.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 18 grants · $44.2M · 2019–2024
Dignity HealthAZ · FY2024$6,430,838
Sisters of MercyFY2024$1,358,780
Unitemized GrantFY2024$25,000
Dignity HealthAZ · FY2023$7,524,855
Sisters of MercyFY2023$1,471,938
Unitemized GrantFY2023$36,000
Dignity HealthAZ · FY2022$4,843,798
Sisters of MercyFY2022$1,450,125
Unitemized GrantFY2022$42,000
Dignity HealthAZ · FY2021$4,466,226
Sisters of MercyFY2021$2,858,018
Unitemized GrantFY2021$42,000
Dignity HealthAZ · FY2020$5,298,715
Sisters of MercyFY2020$1,483,225
Unitemized GrantFY2020$32,000
Dignity HealthAZ · FY2019$4,630,834
Sisters of MercyFY2019$2,186,265
Unitemized GrantFY2019$42,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$15.0M
Ln 12
Gifts and grantsLn 1h$11.6M
Investment incomeLn 3$3.4M
Money outPt IX
$9.6M
Ln 25
Programscol B$7.5M
Managementcol C$625K
Fundraisingcol D$1.5M
Owns and owesPt X
$54.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$57.8M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
23
listed · VII A
PaidVII A4
Voting boardVI 1a20
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.6M
Government grantsLn 1e$4K
Noncash giftsLn 1g$2.1M
Investment incomeLn 3$3.4M
Gains on assetsLn 7$2.8M
Total revenueLn 12$15.0M
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$4.5M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$34.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$4.4M
Total assetsLn 16$57.8M
LiabilitiesLn 26$3.0M
Net assetsLn 32$54.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.9M$4.6M
InvestmentsLn 11–13$35.1M$34.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$59.0M$57.8M
LiabilitiesLn 26$4.1M$3.0M
Net assetsLn 32$54.9M$54.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7.3M$7.3M
Grants to domestic individualsLn 2$42K$42K
Pay of current officers, directors and key staffLn 5$444K$47K$80K$317K
Accounting feesLn 11c$34K$24K$10K
Professional fundraising feesLn 11e$55K$55K
Investment management feesLn 11f$185K$185K
Other fees for servicesLn 11g$113K$76K$37K
Advertising and promotionLn 12$4K$894$3K
Office expensesLn 13$56K$28K$28K
Information technologyLn 14$24K$5K$19K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$1.4M$87K$222K$1.0M
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$9.6M$7.5M$625K$1.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $9.6M$11.4M−$1.8M$53.2M 990 PDF
FY2023 $7.2M$10.0M−$2.7M$53.1M 990 PDF
FY2022 Viewing $15.0M$9.6M$5.4M$54.8M 990 PDF
FY2021 $11.5M$9.2M$2.3M$54.9M 990 PDF
FY2020 $16.1M$9.4M$6.7M$46.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $14,996,494 across 8 lines filed
VIII-1d Related organizations$2,411,444
VIII-1e Government grants$4,355
VIII-1f All other contributions, gifts and grants$9,206,810
VIII-1g Noncash contributions (included above)$2,120,482
VIII-1h Total contributions, gifts and grants$11,622,609
VIII-3 Investment incomeExcluded from tax $542,588$542,588
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,831,297$2,831,297
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,373,885$14,996,494
Part IX · Statement of functional expenses $9,643,373 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $7,324,244$7,324,244
IX-2 Grants to domestic individualsPrograms $42,000$42,000
IX-5 Pay of current officers, directors and key staffPrograms $46,624 · Management $79,928 · Fundraising $317,490$444,042
IX-11c Accounting feesManagement $23,730 · Fundraising $10,170$33,900
IX-11e Professional fundraising feesFundraising $55,378$55,378
IX-11f Investment management feesManagement $185,496$185,496
IX-11g Other fees for servicesManagement $75,799 · Fundraising $37,265$113,064
IX-12 Advertising and promotionManagement $894 · Fundraising $2,681$3,575
IX-13 Office expensesManagement $27,903 · Fundraising $27,903$55,806
IX-14 Information technologyManagement $4,773 · Fundraising $19,090$23,863
IX-17 TravelManagement $1,933$1,933
IX-24 Other expenses (24a–d)Programs $86,895 · Management $222,047 · Fundraising $1,048,723$1,357,665
IX-24e All other expensesManagement $2,407$2,407
IX-25 Total functional expensesPrograms $7,499,763 · Management $624,910 · Fundraising $1,518,700$9,643,373
Part X · Balance sheet $57,767,002 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $174,790$160,124
X-2 Savings and temporary cash investmentsStart of year $3,747,866$4,476,441
X-3 Pledges and grants receivableStart of year $14,003,845$13,911,983
X-4 Accounts receivableStart of year $194,827$480,254
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $35,086,093$34,307,263
X-15 Other assetsStart of year $5,773,510$4,430,937
X-16 Total assetsStart of year $58,980,931$57,767,002
X-17 Accounts payable and accrued expensesStart of year $102,708$112,590
X-25 Other liabilitiesStart of year $3,969,493$2,844,646
X-26 Total liabilitiesStart of year $4,072,201$2,957,236
X-27 Net assets without donor restrictionsStart of year $7,168,657$5,088,229
X-28 Net assets with donor restrictionsStart of year $47,740,073$49,721,537
X-32 Total net assets or fund balancesStart of year $54,908,730$54,809,766
X-33 Total liabilities and net assetsStart of year $58,980,931$57,767,002
Part XI · Reconciliation of net assets $54,809,766 net assets at year end
XI-1 Total revenue$14,996,494
XI-2 Total expenses$9,643,373
XI-3 Revenue less expenses$5,353,121
XI-4 Net assets at start of year$54,908,730
XI-5 Net unrealized gains (losses) on investments−$5,209,523
XI-9 Other changes in net assets−$242,562
XI-10 Net assets at end of year$54,809,766

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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