Nonprofit · EIN 51-0233180
MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC
Tax-exempt · CEDAR RAPIDS, IA 52403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,354,972 | $23,915,649 | -$12,560,677 | $140,851,371 | $15,824,438 | $125,026,933 |
| June 30, 2024 | 990 | $11,056,520 | $10,255,926 | $800,594 | $136,358,421 | $3,454,084 | $132,904,337 |
| June 30, 2023 | 990 | $11,326,813 | $17,808,830 | -$6,482,017 | $132,829,882 | $2,764,278 | $130,065,604 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,415,632
- Program service revenue
- $0
- Investment income
- $6,700,710
- Net gain from sales of assets
- $786,062
- Net income from fundraising events
- -$761,370
- Other revenue
- -$761,370
Expenses
- Grants and similar amounts paid
- $22,196,508
- Compensation of officers, directors and key employees
- $255,440
- Other salaries and wages
- $695,207
- Salaries, compensation and benefits (total)
- $1,172,368
- Professional fundraising fees
- $0
- Accounting fees
- $33,994
- Occupancy
- $1
- Travel
- $3,794
- Program services (functional)
- $22,196,508
- Management and general (functional)
- $1,208,171
- Fundraising (functional)
- $510,970
Balance sheet and other
- Total assets, start of year
- $136,358,421
- Total assets, end of year
- $140,851,371
- Total liabilities, end of year
- $15,824,438
- Net assets, end of year
- $125,026,933
- Land, buildings and equipment
- $1,360,000
- Net assets without donor restrictions
- $43,666,823
- Net assets with donor restrictions
- $81,360,110
- Gross unrelated business income
- $46,945
- Gross receipts
- $22,357,096
- Employees
- 12
- Volunteers
- 13
- Year formed
- 1977
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY QUINN MD | SECRETARY Trustee or director, Officer | 3 | $0 | $728,839 | $89,248 |
| TIMOTHY L CHARLES | FORMER SECRETARY Former | 0 | $0 | $695,379 | $0 |
| NATHAN VAN GENDEREN | EXECUTIVE VP/CFO/ASSISTANT TREASURER Officer | 1 | $0 | $506,186 | $69,541 |
| LORRIE M ERUSHA | PRESIDENT Officer | 40 | $228,413 | $0 | $28,309 |
| MINDY DAVIS-KAYSER | VICE PRESIDENT Highest-paid employee | 40 | $102,499 | $0 | $13,718 |
| BHAVYA AKHAURI MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN-PAUL BESONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STACY CATALDO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARRIE ERNST | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET MERFELD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERYLE MITVALSKY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARREL MORF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRANDI MUELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN RIFE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES ROHDE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| EMMETT J SCHERRMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| PATRICK SLATER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY QUINN MD | SECRETARY Trustee or director, Officer | 3 | $0 | $709,298 | $85,903 |
| TIMOTHY L CHARLES | FORMER SECRETARY Former | 3 | $0 | $737,385 | $427 |
| NATHAN VAN GENDEREN | EXECUTIVE VP/CFO/ASSISTANT TREASURER Officer | 1 | $0 | $491,544 | $66,834 |
| LORRIE M ERUSHA | PRESIDENT Officer | 40 | $222,903 | $0 | $27,423 |
| MINDY DAVIS-KAYSER | VICE PRESIDENT Highest-paid employee | 40 | $101,932 | $0 | $11,396 |
| JOHN-PAUL BESONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STACY CATALDO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARRIE ERNST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE MCGRATH | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANET MERFELD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERYLE MITVALSKY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DARREL MORF | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRANDI MUELLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN RIFE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES ROHDE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EMMETT J SCHERRMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PATRICK SLATER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TIMOTHY L CHARLES | FORMER SECRETARY Trustee or director, Officer | 3 | $0 | $910,163 | $81,633 |
| TIMOTHY QUINN MD | SECRETARY Trustee or director, Officer | 3 | $0 | $718,980 | $72,933 |
| NATHAN VAN GENDEREN | EXECUTIVE VP/COO/CFO/ASSISTANT TREASURER Officer | 1 | $0 | $474,578 | $65,896 |
| LORRIE M ERUSHA | PRESIDENT Officer | 40 | $180,854 | $0 | $25,220 |
| A JAMES TINKER | FORMER DIRECTOR Trustee or director | 1 | $0 | $116,035 | $7,399 |
| STACY CATALDO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS DEWOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BARRIE ERNST | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRUCE MCGRATH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JANET MERFELD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHERYLE MITVALSKY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DARREL MORF | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN RIFE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHARLES ROHDE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AL RUFFALO | FORMER DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EMMETT J SCHERRMAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 10TH ST SE, CEDAR RAPIDS, IA 52403-1251
- Principal officer (990 for 2024)
- JOE MALAS, 701 10TH ST SE, CEDAR RAPIDS, IA 52403
- Signed the 990
- JOE MALAS, EXECUTIVE VP/CFO
- Phone
- (319) 398-6105
- Return prepared by
- RSM US LLP
Mission
EXCLUSIVELY ORGANIZED TO FOSTER, SUPPORT, AND ENCOURAGE THE MISSION AND ACTIVITES OF MERCY MEDICAL CENTER.
Program accomplishments
- TO FOSTER, SUPPORT, AND ENCOURAGE THE MISSION AND ACTIVITIES OF MERCY MEDICAL CENTER.Expenses $22,196,508 · grants $22,196,508
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0233180
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1977
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $140,851,371
- Income (IRS master file)
- $22,357,096
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,354,972 | $23,915,649 | $140,851,371 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $11,056,520 | $10,255,926 | $136,358,421 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $11,326,813 | $17,808,830 | $132,829,882 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $17,935,593 | $7,567,382 | $138,946,347 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0233180).
Questions about MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC
- What is the EIN of MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC?
- The employer identification number (EIN) of MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC is 51-0233180.
- Is MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names JOE MALAS.
- Who are the officers and directors of MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 2 received compensation from the organization.
- How much revenue does MERCY MEDICAL CENTER CEDAR RAPIDS IOWA ENDOWMENT FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,354,972, expenses of $23,915,649 and total assets of $140,851,371 at year end.
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