Mercy Hospitalcedar Rapidsia Endowment

CEDAR RAPIDS, IA EIN: 51-0233180 Website

EXCLUSIVELY ORGANIZED TO FOSTER, SUPPORT, AND ENCOURAGE THE MISSION AND ACTIVITES OF MERCY MEDICAL CENTER.

Financial Overview

From 2024 IRS Form 990-PF

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

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$9M$19M$28M$37M20202021202220232024
Metric202420232022
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

$0$4M$8M$12M$16M9 grants20209 grants20218 grants20227 grants20238 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

MERCY MEDICAL CENTER$3.2MMERCY MEDICAL CENTER$2.0MMERCY MEDICAL CENTER$1.6MMERCY MEDICAL CENTER$550KMERCY MEDICAL CENTER$326KMERCY MEDICAL CENTER$301KMERCY MEDICAL CENTER$284KMERCY MEDICAL CENTER$211K

Grant Size Distribution

41 grants across all recorded years

2<$50K4$50–100K14$100–250K8$250–500K4$500K–1M8$1–5M1$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Mercy Hospitalcedar Rapidsia Endowment fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

LORRIE M ERUSHAPRESIDENT$223KMINDY DAVIS-KAYSERVICE PRESIDENT$102K

From 2024 filing

NameTitleHoursCompensation
TIMOTHY QUINN MDSECRETARY3
JOHN-PAUL BESONGDIRECTOR1
STACY CATALDODIRECTOR1
CHRIS DEWOLFDIRECTOR1
BARRIE ERNSTDIRECTOR1
BRUCE MCGRATHFORMER DIRECTOR1
JANET MERFELDDIRECTOR1
CHERYLE MITVALSKYCHAIRMAN1
DARREL MORFVICE CHAIRMAN1
BRANDI MUELLERDIRECTOR1
JOHN RIFEDIRECTOR1
CHARLES ROHDEDIRECTOR1
EMMETT J SCHERRMANTREASURER1
PATRICK SLATERDIRECTOR1
NATHAN VAN GENDERENEXECUTIVE VP/CFO/ASSISTANT TREASURER1
LORRIE M ERUSHAPRESIDENT40$222,903
MINDY DAVIS-KAYSERVICE PRESIDENT40$101,932
TIMOTHY L CHARLESFORMER SECRETARY3

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Cedar Rapids

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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