We, Mercy health system of chicago and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities.Mercy Foundation is a member of Mercy health system of chicago and trinity health.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $88K a year · 25% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
195 mo
of spending, in cash
Looks good: 195.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$974K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127K
-40% vs prior year
Spent
$260K
To programs
97%
Net assets
$6.5M
By yearFY2020–FY2025
Revenue
$127K
FY2021▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$211K
FY2021$127K
FY2022$370K
FY2023$122K
FY2024$532K
FY2025$717K
Expenses
$260K
FY2021▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$260K
FY2022$40K
FY2023$1.0M
FY2024$20K
FY2025$31K
Net assets
$6.5M
FY2021▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$6.5M
FY2022$6.6M
FY2023$5.7M
FY2024$6.2M
FY2025$6.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $252K Fundraising 3% · $8K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director; President & CEO
$0Pt VII · Sec A
Director; Physician
$0Pt VII · Sec A
Treasurer; VP, Finance
$0Pt VII · Sec A
Secretary; Associate Counsel
$0Pt VII · Sec A
Director; Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mercy Foundation INC 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 15aNo

Programs and updates

Raises and distributes funds to local nonprofits to support healthcare services and honor the legacy of the former Mercy Hospital in Chicago communities.

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Provided by the organization

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1 program · $252K · in their own filed words · FY2020
01

Mercy foundation began in 1983 and is located in chicago, illinois. The foundation is the fundraising arm of mercy health system of CHICAGO.THE foundation raised $126,604 in fiscal year 2021. The foundation rasises funds through various outlets such as special events including annual appeal campaigns, employee fundraising, and grants.

$252Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $1.3M · 2019–2022

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$127K
Ln 12
Gifts and grantsLn 1h$127K
Money outPt IX
$260K
Ln 25
Programscol B$252K
Fundraisingcol D$8K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$7.5M
LiabilitiesLn 26$974K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$127K
Total revenueLn 12$127K
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$3.3M
Other assetsLn 15$450
Total assetsLn 16$7.5M
LiabilitiesLn 26$974K
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY21End FY21
Cash and savingsLn 1–2$4.2M$4.2M
InvestmentsLn 11–13$3.1M$3.3M
Total assetsLn 16$7.4M$7.5M
LiabilitiesLn 26$140K$974K
Net assetsLn 32$7.2M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$245K$245K
Office expensesLn 13$386$193$193
OccupancyLn 16$15K$7K$7K
Other expenses (24a–d)Ln 24$82$41$41
Total functional expensesLn 25$260K$252K$0$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $717K$31K$687K$6.9M 990 PDF
FY2024 $532K$20K$512K$6.2M 990 PDF
FY2023 $122K$1.0M−$887K$5.7M 990 PDF
FY2022 $370K$40K$329K$6.6M 990 PDF
FY2021 Viewing $127K$260K−$133K$6.5M 990 PDF
FY2020 $211K$189K$22K$7.2M 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 FY2021 990 (6 parts)
Part I · Summary $126,604 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $137,491$126,604
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $73,640$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $211,131$126,604
I-13 Grants and similar amounts paidPrior year $89,793$244,782
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $99,570$15,266
I-18 Total expensesPrior year $189,363$260,048
I-19 Revenue less expensesPrior year $21,768−$133,444
Part VI · Governance 7 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $126,604 across 3 lines filed
VIII-1f All other contributions, gifts and grants$126,604
VIII-1h Total contributions, gifts and grants$126,604
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$126,604
Part IX · Statement of functional expenses $260,048 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $244,782$244,782
IX-13 Office expensesPrograms $193 · Fundraising $193$386
IX-16 OccupancyPrograms $7,399 · Fundraising $7,399$14,798
IX-24 Other expenses (24a–d)Programs $41 · Fundraising $41$82
IX-25 Total functional expensesPrograms $252,415 · Management $0 · Fundraising $7,633$260,048
Part X · Balance sheet $7,482,600 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $791,821$1,494,613
X-2 Savings and temporary cash investmentsStart of year $3,433,676$2,730,885
X-11 Publicly traded securitiesStart of year $2,253,635$2,116,824
X-12 Other securitiesStart of year $876,413$1,139,828
X-15 Other assetsStart of year $451$450
X-16 Total assetsStart of year $7,355,996$7,482,600
X-19 Deferred revenueStart of year $2,000$2,000
X-25 Other liabilitiesStart of year $137,739$972,047
X-26 Total liabilitiesStart of year $139,739$974,047
X-27 Net assets without donor restrictionsStart of year $3,712,083$3,707,171
X-28 Net assets with donor restrictionsStart of year $3,504,174$2,801,382
X-32 Total net assets or fund balancesStart of year $7,216,257$6,508,553
X-33 Total liabilities and net assetsStart of year $7,355,996$7,482,600
Part XI · Reconciliation of net assets $6,508,553 net assets at year end
XI-1 Total revenue$126,604
XI-2 Total expenses$260,048
XI-3 Revenue less expenses−$133,444
XI-4 Net assets at start of year$7,216,257
XI-5 Net unrealized gains (losses) on investments−$819,042
XI-8 Prior period adjustments$244,782
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,508,553

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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