EXCLUSIVELY ORGANIZED TO FOSTER, SUPPORT, AND ENCOURAGE THE MISSION AND ACTIVITES OF MERCY MEDICAL CENTER.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$136.4M
+2.7% YoY
Annual Giving
$8.5M
-48.0% YoY
Grant Count
8
+14.3% YoY
Avg Grant Size
$1.1M
-54.5% YoY
About Mercy Hospitalcedar Rapidsia Endowment
Based on IRS filings
Mercy Hospitalcedar Rapidsia Endowment is a nonprofit organization focused on Health, based in CEDAR RAPIDS, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $136.4M in total assets. In 2024, it awarded 8 grants totaling $8.5M. Net investment income was $5.0M.
Focus Areas
Ready to take the next step with Mercy Hospitalcedar Rapidsia Endowment?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $136,358,421 | $132,829,882 | $138,946,347 |
| Revenue | $11,056,520 | $11,326,813 | $17,935,593 |
| Expenses | $10,255,926 | $17,808,830 | $7,567,382 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $5,022,331 | $4,976,238 | $7,563,974 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mercy Medical Center ($3,164,114), Mercy Medical Center ($2,047,999), Mercy Medical Center ($1,632,141).
| Recipient | Purpose | Amount |
|---|---|---|
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | MERCY MEDICAL CENTER PROJECTS & OPERATIONS | $2,047,999 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | EQUIPMENT | $1,632,141 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | HALL RADIATION CENTER | $549,690 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | CANCER SERVICES & HALL-PERRINE CANCER CENTER | $301,003 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | FAMILY CAREGIVERS CENTER | $326,153 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | HOSPICE HOUSE AND HOSPICE PROGRAMS | $283,658 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | NURSING SCHOLARSHIPS & EDUCATIONAL PROGRAMS | $210,590 |
| MERCY MEDICAL CENTER CEDAR RAPIDS, IA | HALLMAR VILLAGE | $3,164,114 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TIMOTHY QUINN MD | SECRETARY | 3 | — |
| JOHN-PAUL BESONG | DIRECTOR | 1 | — |
| STACY CATALDO | DIRECTOR | 1 | — |
| CHRIS DEWOLF | DIRECTOR | 1 | — |
| BARRIE ERNST | DIRECTOR | 1 | — |
| BRUCE MCGRATH | FORMER DIRECTOR | 1 | — |
| JANET MERFELD | DIRECTOR | 1 | — |
| CHERYLE MITVALSKY | CHAIRMAN | 1 | — |
| DARREL MORF | VICE CHAIRMAN | 1 | — |
| BRANDI MUELLER | DIRECTOR | 1 | — |
| JOHN RIFE | DIRECTOR | 1 | — |
| CHARLES ROHDE | DIRECTOR | 1 | — |
| EMMETT J SCHERRMAN | TREASURER | 1 | — |
| PATRICK SLATER | DIRECTOR | 1 | — |
| NATHAN VAN GENDEREN | EXECUTIVE VP/CFO/ASSISTANT TREASURER | 1 | — |
| LORRIE M ERUSHA | PRESIDENT | 40 | $222,903 |
| MINDY DAVIS-KAYSER | VICE PRESIDENT | 40 | $101,932 |
| TIMOTHY L CHARLES | FORMER SECRETARY | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mercy Hospitalcedar Rapidsia Endowment?
Mercy Hospitalcedar Rapidsia Endowment is a nonprofit organization focused on Health, based in CEDAR RAPIDS, IA. It holds $136.4M in total assets as of 2024.
How large is Mercy Hospitalcedar Rapidsia Endowment?
As of 2024, Mercy Hospitalcedar Rapidsia Endowment holds $136.4M in total assets with $11.1M in annual revenue. It awarded 8 grants totaling $8.5M in 2024.
Where does Mercy Hospitalcedar Rapidsia Endowment operate?
Mercy Hospitalcedar Rapidsia Endowment has awarded grants in Iowa.
What size grants does Mercy Hospitalcedar Rapidsia Endowment award?
In 2024, Mercy Hospitalcedar Rapidsia Endowment awarded 8 grants totaling $8.5M — an average of about $1.1M per grant, based on its IRS Form 990 filings.
What is Mercy Hospitalcedar Rapidsia Endowment's EIN?
Mercy Hospitalcedar Rapidsia Endowment's EIN (Employer Identification Number) is 51-0233180. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mercy Hospitalcedar Rapidsia Endowment's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.