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
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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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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FORT DODGE, IA
Assets
$315K
Grants
1
Total Given
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John & Beverly Anderson Charitable Trust
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Assets
—
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Total Given
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Barbara Jean Couturier Charitable T
DAVENPORT, IA
Assets
—
Grants
0
Total Given
—
The Joseph Andres Family Foundation
OKOBOJI, IA
Assets
—
Grants
6
Total Given
$7K
Lohse Family Foundation
BONDURANT, IA
Assets
—
Grants
2
Total Given
$400K
Vande Brake Family Foundation
ORANGE CITY, IA
Assets
$172K
Grants
6
Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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