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Mercy Development Foundation

Tax-deductible

Independence, OH501(c)(3) EIN 35-2408321Revenue $908K in FY2020

On file with the IRScantonmercy.org/givingCo 6801 Brecksville Road Rk1-85, 44131-0000 · Independence, OHTax-exempt since Oct 1928Hospital or medical research org — 170(b)(1)(A)(iii)

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501(c)(3) charity; gifts are tax-deductible.
21¢ of each $1 spent went to programs.
Run by 166 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2020 · 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
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
21%
of spending
Concern: 21% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$493K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 35 voting members
Looks good: 28 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$908K
Spent
$639K
To programs
21%
Net assets
$2.3M

From the FY2020 Form 990 · 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: FY2020. IRS ruling in Oct 1928.

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

Where the money goes

21 cents of each dollar spent went to programs.

Program services 21% · $137K Management & general 25% · $161K Fundraising 53% · $341K

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

35 people listed on the 990.

Part VII, Section A · reportable compensation
Thomas J Strauss
Board Member
$0Pt VII · Sec A
Jamesetta Lewis
Board Member
$0Pt VII · Sec A
David Stewart
Treasurer
$0Pt VII · Sec A
Mark Cotleur
Board Member
$0Pt VII · Sec A
Thomas Turner
President
$0Pt VII · Sec A
Michael H Linz MD
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Donald Peterson III
Immediate Past Chair
$0Pt VII · Sec A
See Mercy Development 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises funds to support Cleveland Clinic Mercy Hospital's capital and programming needs, including COVID, cancer, cardiology, and dental care.

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Provided by the organization

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1 program · $137K · in their own filed words · FY2020
01

In 2020, mercy development foundation solicited 6,218 gifts from 1,356 individuals, businesses, corporations, organizations, foundations and government agencies. These dollars supported capital and programming needs of cleveland clinic mercy hospital.

$137Kprogram 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 · FY2024
American Gift FundFY2024$36K
Total grants receivedfrom 1 funder$36K
Grants paid · 2 grants · $137K · 2020–2020
Unitemized GrantFY2020$79,376
Cleveland Clinic Mercy HospitalOH · FY2020$57,734

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$908K
Ln 12
Gifts and grantsLn 1h$912K
Investment incomeLn 3$2K
Money outPt IX
$639K
Ln 25
Programscol B$137K
Managementcol C$161K
Fundraisingcol D$341K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$2.8M
LiabilitiesLn 26$493K
PeoplePt VI, VII
35
listed · VII A
PaidVII A0
Voting boardVI 1a35
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$912K
Noncash giftsLn 1g$19K
Fundraising eventsLn 1c$49K
Investment incomeLn 3$2K
Total revenueLn 12$908K
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$1.1M
Total assetsLn 16$2.8M
LiabilitiesLn 26$493K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6166
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$810K$1.7M
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$1.8M$2.8M
LiabilitiesLn 26$345K$493K
Net assetsLn 32$1.5M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$58K$58K
Grants to domestic individualsLn 2$79K$79K
Pay of current officers, directors and key staffLn 5$113K$113K
Other salaries and wagesLn 7$203K$203K
Other employee benefitsLn 9$66K$28K$38K
Payroll taxesLn 10$20K$5K$15K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$634$634
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$4K$4K
Information technologyLn 14$5K$5K
OccupancyLn 16$392$392
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$30$30
Depreciation, depletion and amortizationLn 22$332$332
Other expenses (24a–d)Ln 24$48K$3K$45K
All other expensesLn 24e$1K$731$515
Total functional expensesLn 25$639K$137K$161K$341K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $908K$639K$268K$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $907,843 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $612,338$911,841
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,667$1,796
I-11 Other revenuePrior year $1,723−$5,794
I-12 Total revenuePrior year $627,728$907,843
I-13 Grants and similar amounts paidPrior year $83,633$137,110
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $385,309$402,291
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $88,698$100,078
I-18 Total expensesPrior year $557,640$639,479
I-19 Revenue less expensesPrior year $70,088$268,364
Part VI · Governance 28 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members28
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $907,843 across 8 lines filed
VIII-1c Fundraising events$49,372
VIII-1d Related organizations$26,500
VIII-1f All other contributions, gifts and grants$835,969
VIII-1g Noncash contributions (included above)$18,834
VIII-1h Total contributions, gifts and grants$911,841
VIII-3 Investment incomeExcluded from tax $1,796$1,796
VIII-8 Net income from fundraising eventsExcluded from tax −$5,794−$5,794
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$3,998$907,843
Part IX · Statement of functional expenses $639,479 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $57,734$57,734
IX-2 Grants to domestic individualsPrograms $79,376$79,376
IX-5 Pay of current officers, directors and key staffManagement $112,967$112,967
IX-7 Other salaries and wagesFundraising $203,029$203,029
IX-9 Other employee benefitsManagement $28,394 · Fundraising $38,037$66,431
IX-10 Payroll taxesManagement $5,240 · Fundraising $14,624$19,864
IX-11c Accounting feesManagement $4,950$4,950
IX-11g Other fees for servicesFundraising $634$634
IX-12 Advertising and promotionFundraising $24,273$24,273
IX-13 Office expensesFundraising $4,178$4,178
IX-14 Information technologyManagement $5,245$5,245
IX-16 OccupancyManagement $392$392
IX-17 TravelFundraising $10,822$10,822
IX-19 Conferences, conventions and meetingsFundraising $30$30
IX-22 Depreciation, depletion and amortizationManagement $332$332
IX-24 Other expenses (24a–d)Management $3,070 · Fundraising $44,906$47,976
IX-24e All other expensesManagement $731 · Fundraising $515$1,246
IX-25 Total functional expensesPrograms $137,110 · Management $161,321 · Fundraising $341,048$639,479
Part X · Balance sheet $2,764,146 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $810,450$1,674,612
X-10c Land, buildings and equipment, netStart of year $1,828$1,496
X-15 Other assetsStart of year $1,025,566$1,088,038
X-16 Total assetsStart of year $1,837,844$2,764,146
X-25 Other liabilitiesStart of year $344,583$492,971
X-26 Total liabilitiesStart of year $344,583$492,971
X-27 Net assets without donor restrictionsStart of year −$60,703$207,662
X-28 Net assets with donor restrictionsStart of year $1,553,964$2,063,513
X-32 Total net assets or fund balancesStart of year $1,493,261$2,271,175
X-33 Total liabilities and net assetsStart of year $1,837,844$2,764,146
Part XI · Reconciliation of net assets $2,271,175 net assets at year end
XI-1 Total revenue$907,843
XI-2 Total expenses$639,479
XI-3 Revenue less expenses$268,364
XI-4 Net assets at start of year$1,493,261
XI-5 Net unrealized gains (losses) on investments$51,840
XI-7 Investment expenses−$3,663
XI-9 Other changes in net assets$461,373
XI-10 Net assets at end of year$2,271,175

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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