Mercy Research: FY2023 Nonprofit Profile & Form 990 (EIN 87-0796305)

Revenue by fiscal year
FY2020	$4.2M
FY2021	$4.2M
FY2022	$4.1M
FY2023	$3.5M
FY2024	$4.6M
FY2025	$4.7M

Expenses by fiscal year
FY2020	$9.0M
FY2021	$8.6M
FY2022	$8.3M
FY2023	$7.6M
FY2024	$8.8M
FY2025	$8.8M

Net assets by fiscal year
FY2020	$1.0M
FY2021	$29K
FY2022	$319K
FY2023	$431K
FY2024	$314K
FY2025	$797K

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

Part of a larger organization · Schedule R

Mercy Research files its own Form 990, but Schedule R discloses 25 related entities — figures on this page are for this EIN only, not the whole group.

Mission Clinical Services · Mercy Ministries of Laredo · Mercy Health Foundation · Mhm Support Services + 21 more · see all

Combined filings · FY2023 · 24 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is one member.

Group revenue

$5.1B

Group expenses

$5.0B

Group net assets

$1.5B

Mission Clinical Services · $1.2M rev · $1.3M net assets

Mercy Ministries of Laredo · $1.8M rev · $34.5M net assets

Mercy Health Foundation · $62K rev · $861K net assets

Mhm Support Services · $1.4B rev · −$428.0M net assets

Mercy Health Foundation Fort Smith · $3.5M rev · $11.1M net assets

Mercy Health Fort Smith Communities · $508K rev · $5.5M net assets

Where the money goes

70 cents of each dollar spent went to programs.

70%

30%

Program services 70% · $5.3M Management & general 30% · $2.3M

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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Carlson DO Jay

Clinical Chair, Mercy Research

$0Pt VII · Sec A

Creach MD Kimberly

Physician & Board Member

$0Pt VII · Sec A

Karunapuzha MD Cherian

Physician & Board Member

$0Pt VII · Sec A

Kurkijan MD Carla

Physician & Board Member

$0Pt VII · Sec A

Ledger MD Gregory

Physician & Board Member

$0Pt VII · Sec A

Levy Joanne

VP, Research & Board Member

$0Pt VII · Sec A

Logan MD William

Physician & Board Member

$0Pt VII · Sec A

McCart Jill

VP, Accounting & Reporting & Treasurer

$0Pt VII · Sec A

See Mercy Research 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 15aNo

Programs and updates

Conducts medical research, clinical trials, and product development to advance patient care, improve health outcomes, and prevent disease.

Questions for Mercy Research

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Provided by the organization

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1 program · $5.3M · in their own filed words · FY2022

01

Mercy research comprises the research activities that occur throughout mercy health. Mercy research is organized for the promotion of medical research that improves health and prevents disease.

$5.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Mercy Health Foundation St LouisFY2024$305K

Mayo Clinic Group ReturnFY2024$11K

Total grants receivedfrom 2 funders$316K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.5M

Ln 12

Fees for servicesLn 2g$2.8M

Gifts and grantsLn 1h$671K

Money outPt IX

$7.6M

Ln 25

Programscol B$5.3M

Managementcol C$2.3M

Owns and owesPt X

$431K

net assets · Ln 32

Total assetsLn 16$880K

LiabilitiesLn 26$449K

PeoplePt VI, VII

20

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$671K

Government grantsLn 1e$98K

Fees for servicesLn 2g$2.8M

Total revenueLn 12$3.5M

Assets in detailPt X, end of year

Land, buildings, equipmentLn 10c$66K

Total assetsLn 16$880K

LiabilitiesLn 26$449K

Net assetsLn 32$431K

OperationsPt I, VI

EmployeesI 50

VolunteersI 61

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

Line	Start FY23	End FY23
Land, buildings, equipmentLn 10c	$84K	$66K
Total assetsLn 16	$870K	$880K
LiabilitiesLn 26	$552K	$449K
Net assetsLn 32	$319K	$431K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$5.0M	$3.6M	$1.4M
Pension plan contributionsLn 8	$223K	$171K	$51K
Other employee benefitsLn 9	$511K	$393K	$118K
Payroll taxesLn 10	$353K	$271K	$81K
Other fees for servicesLn 11g	$997K	$395K	$602K
Office expensesLn 13	$52K	$44K	$7K
OccupancyLn 16	$513K	$513K
TravelLn 17	$92K	$54K	$38K
Depreciation, depletion and amortizationLn 22	$22K	$22K
Other expenses (24a–d)Ln 24	−$180K	−$201K	$22K
All other expensesLn 24e	$49K	$49K	−$397
Total functional expensesLn 25	$7.6M	$5.3M	$2.3M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$4.7M	$8.8M	−$4.1M	$797K	990 PDF
FY2024	$4.6M	$8.8M	−$4.2M	$314K	990 PDF
FY2023 Viewing	$3.5M	$7.6M	−$4.1M	$431K	990 PDF
FY2022	$4.1M	$8.3M	−$4.2M	$319K	990 PDF
FY2021	$4.2M	$8.6M	−$4.5M	$29K	990 PDF
FY2020	$4.2M	$9.0M	−$4.9M	$1.0M	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 FY2023 990 (6 parts)

Part I · Summary $3,517,282 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,154,320$670,802

I-9 Program service revenuePrior year $2,919,484$2,846,480

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $4,073,804$3,517,282

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $5,589,199$6,040,114

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,682,116$1,544,945

I-18 Total expensesPrior year $8,271,315$7,585,059

I-19 Revenue less expensesPrior year −$4,197,511−$4,067,777

Part VI · Governance 1 of 12 board members independent, 1 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members1

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $3,517,282 across 6 lines filed

VIII-1d Related organizations$256,565

VIII-1e Government grants$97,608

VIII-1f All other contributions, gifts and grants$316,629

VIII-1h Total contributions, gifts and grants$670,802

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,846,480$2,846,480

VIII-12 Total revenueRelated to mission $2,846,480 · Unrelated business $0 · Excluded from tax $0$3,517,282

Part IX · Statement of functional expenses $7,585,059 across 11 lines filed

IX-7 Other salaries and wagesPrograms $3,559,869 · Management $1,394,293$4,954,162

IX-8 Pension plan contributionsPrograms $171,222 · Management $51,340$222,562

IX-9 Other employee benefitsPrograms $392,970 · Management $117,830$510,800

IX-10 Payroll taxesPrograms $271,256 · Management $81,334$352,590

IX-11g Other fees for servicesPrograms $395,405 · Management $601,976$997,381

IX-13 Office expensesPrograms $44,112 · Management $7,468$51,580

IX-16 OccupancyPrograms $513,219$513,219

IX-17 TravelPrograms $54,123 · Management $37,612$91,735

IX-22 Depreciation, depletion and amortizationPrograms $22,261$22,261

IX-24 Other expenses (24a–d)Programs −$201,427 · Management $21,552−$179,875

IX-24e All other expensesPrograms $49,041 · Management −$397$48,644

IX-25 Total functional expensesPrograms $5,272,051 · Management $2,313,008 · Fundraising $0$7,585,059

Part X · Balance sheet $879,874 assets, 9 lines filed

X-4 Accounts receivableStart of year $786,456$813,922

X-10c Land, buildings and equipment, netStart of year $83,794$65,952

X-16 Total assetsStart of year $870,250$879,874

X-17 Accounts payable and accrued expensesStart of year $451,786$383,022

X-19 Deferred revenueStart of year $99,762$65,964

X-26 Total liabilitiesStart of year $551,548$448,986

X-27 Net assets without donor restrictionsStart of year $318,702$430,888

X-32 Total net assets or fund balancesStart of year $318,702$430,888

X-33 Total liabilities and net assetsStart of year $870,250$879,874

Part XI · Reconciliation of net assets $430,888 net assets at year end

XI-1 Total revenue$3,517,282

XI-2 Total expenses$7,585,059

XI-3 Revenue less expenses−$4,067,777

XI-4 Net assets at start of year$318,702

XI-8 Prior period adjustments$43,661

XI-9 Other changes in net assets$4,136,302

XI-10 Net assets at end of year$430,888

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mercy Research FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mercy Research

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Mercy Research FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mercy Research

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV