MISERICORDIA FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MISERICORDIA FOUNDATION (EIN 23-7285834)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202621359349300337
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T04:03:41-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN861065772PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DELOITTE TAX LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 SOUTH SIXTH STREETAddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237285834EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MISERICORDIA FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMISEBusinessNameControlTxt
Phone7732733303PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16300 NORTH RIDGE AVENUEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606601017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCAROLYN SHEEHANPersonNm
Person TitleCFOPersonTitleTxt
Phone7732733303PhoneNum
Signature2026-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANNA KOLAKALURIPreparerPersonNm
PTINP01275237PTIN
Phone6123974000PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCAROLYN SHEEHANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16300 NORTH RIDGE AVENUEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606601017ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$287,222,058GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Group Exemption0928GroupExemptionNum
Organization501c3Yes (X)Organization501c3Ind
Website AddressMISERICORDIA.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1965FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionPURPOSE IS TO ORGANIZE AND IMPLEMENT FUNDRAISING PROGRAMS WITH GOAL OF MAKING CONTRIBUTIONS TO MISERICORDIA HOME.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers2000TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$53,320,840PYContributionsGrantsAmt
CY Contributions Grants$41,133,219CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$4,999,310PYInvestmentIncomeAmt
CY Investment Income$18,756,072CYInvestmentIncomeAmt
PY Other Revenue-$282,306PYOtherRevenueAmt
CY Other Revenue-$452,245CYOtherRevenueAmt
PY Total Revenue$58,037,844PYTotalRevenueAmt
CY Total Revenue$59,437,046CYTotalRevenueAmt
PY Grants And Similar Paid$3,121,066PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$38,167,155CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,621,300PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,775,914CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$2,060,392CYTotalFundraisingExpenseAmt
PY Other Expenses$786,646PYOtherExpensesAmt
CY Other Expenses$872,021CYOtherExpensesAmt
PY Total Expenses$5,529,012PYTotalExpensesAmt
CY Total Expenses$40,815,090CYTotalExpensesAmt
PY Revenues Less Expenses$52,508,832PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$18,621,956CYRevenuesLessExpensesAmt
Total Assets BOY$111,166,990TotalAssetsBOYAmt
Total Assets EOY$837,464,222TotalAssetsEOYAmt
Total Liabilities BOY$781,807TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,159,938TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$110,385,183NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$835,304,284NetAssetsOrFundBalancesEOYAmt
MissionPURPOSE IS TO ORGANIZE AND IMPLEMENT FUNDRAISING PROGRAMS WITH GOAL OF MAKING CONTRIBUTIONS TO MISERICORDIA HOME.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$38,167,155ExpenseAmt
Grant$38,167,155GrantAmt
DescMISERICORDIA FOUNDATION RAISES FUNDS TO GRANT TO MISERICORDIA HOME, ITS SUPPORTED ORGANIZATION.THE FUNDS GRANTED SUPPORT THE GENERAL EXEMPT OPERATIONS AND OTHER SPECIFIC NEEDS OF MISERICORDIA HOME.Desc
Total Program Service Expenses$38,167,155TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming ActivitiesYes (1)GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document22IRPDocumentCnt
IRP Document W2 G6IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAROLYN SHEEHANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7732733097PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16300 N RIDGE AVENUEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationINStateAbbreviationCd
ZIP606601017ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
LOIS GATES
EXEC DIR (END 04/25) DIR (BEG 04/25)40.000.00Yes (X)Yes (X)$187,823$0$32,324
S ROSEMARY CONNELLY
CHAIRMAN40.000.00Yes (X)$74,630$0$204
BRIAN BATTLE
TREASURER1.000.00Yes (X)$0$0$0
DAN WALSH
DIRECTOR1.000.00Yes (X)$0$0$0
DEACON GERALD KEENAN BEG 0225
DIRECTOR1.000.00Yes (X)$0$0$0
ELIDA HERNANDEZ END 1224
DIRECTOR1.000.00Yes (X)$0$0$0
ELLEN MULANEY BEG 0225
DIRECTOR1.000.00Yes (X)$0$0$0
JENNIFER FORTNER
BOARD SECRETARY1.000.00Yes (X)$0$0$0
JIM CAPRARO
DIRECTOR1.000.00Yes (X)$0$0$0
KEVIN CONNELLY BEG 225
EXECUTIVE DIRECTOR40.0040.00Yes (X)$0$207,481$32,936
CAROLYN SHEEHAN BEG 0225
CFO40.000.00Yes (X)$0$137,244$45,941
PETER CULLEN-CONWAY
DIRECTOR OF MAJOR GIFTS40.000.00$143,234$0$48,948Yes (X)
MARTHA FLOBERG
GRANT WRITER40.000.00$105,773$0$29,279Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$511,460TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$344,725TotReportableCompRltdOrgAmt
Total Other Compensation$189,632TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PRINT POSTBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11030 S LAGRANGEAddressLine1Txt
CityRD LAGRANGECityNm
State AbbreviationINStateAbbreviationCd
ZIP60525ZIPCd
FieldValueIRS element (for citing)
ServicesPRINTING SERVICESServicesDesc
Compensation$266,469CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Membership Dues$56,580MembershipDuesAmt
Fundraising$8,917,023FundraisingAmt
All Other Contributions$32,159,616AllOtherContributionsAmt
Noncash Contributions$4,609,691NoncashContributionsAmt
Total Contributions$41,133,219TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,706,595TotalRevenueColumnAmt
Exclusion$11,706,595ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$232,121,610SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$225,072,133SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$7,049,477SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,049,477TotalRevenueColumnAmt
Exclusion$7,049,477ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$1,599,028FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$8,917,023ContriRptFundraisingEventAmt
Fundraising Direct Expenses$2,542,892FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$943,864TotalRevenueColumnAmt
Exclusion-$943,864ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$661,606GamingGrossIncomeAmt
Gaming Direct Expenses$169,987GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$491,619TotalRevenueColumnAmt
Exclusion$491,619ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$59,437,046TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$18,303,827ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$38,167,155TotalAmt
Program Services$38,167,155ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$429,897TotalAmt
Management And General$429,897ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,023,775TotalAmt
Fundraising$1,023,775FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$54,609TotalAmt
Fundraising$54,609FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$189,611TotalAmt
Fundraising$189,611FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$78,022TotalAmt
Fundraising$78,022FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$24,918TotalAmt
Management And General$12,518ManagementAndGeneralAmt
Fundraising$12,400FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$54,293TotalAmt
Management And General$54,293ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$68,406TotalAmt
Management And General$68,406ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$389,903TotalAmt
Fundraising$389,903FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$65,396TotalAmt
Management And General$9,791ManagementAndGeneralAmt
Fundraising$55,605FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$14,311TotalAmt
Fundraising$14,311FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,736TotalAmt
Management And General$4,736ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
COMMUNITY RELATIONS$120,451$120,451
BANK SERVICE CHARGES AN$110,230$102,593$7,637
SUPPLIES$10,595$10,330$265
EMPLOYEE EXPENSES$8,782$8,782

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$40,815,090TotalAmt
Program Services$38,167,155ProgramServicesAmt
Management And General$587,543ManagementAndGeneralAmt
Fundraising$2,060,392FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,343,192BOYAmt
EOY$1,895,500EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,578,819BOYAmt
EOY$3,164,038EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$2,022,718EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,110,253BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$85,330BOYAmt
EOY$67,268EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$89,282,735BOYAmt
EOY$763,700,607EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$65,077,149EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$766,661BOYAmt
EOY$1,536,942EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$111,166,990BOYAmt
EOY$837,464,222EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$781,807BOYAmt
EOY$884,414EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,275,524EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$781,807BOYAmt
EOY$2,159,938EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$73,926,055BOYAmt
EOY$789,311,481EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$36,459,128BOYAmt
EOY$45,992,803EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$110,385,183BOYAmt
EOY$835,304,284EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$111,166,990BOYAmt
EOY$837,464,222EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$18,621,956ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$40,437,956NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$665,859,189OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,792,517CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,565,056CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,516,745CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$33,698,720CurrentTaxYearMinus1YearAmt
Current Tax Year$41,133,219CurrentTaxYearAmt
Total$122,706,257TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,792,517CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,565,056CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,516,745CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$33,698,720CurrentTaxYearMinus1YearAmt
Current Tax Year$41,133,219CurrentTaxYearAmt
Total$122,706,257TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$9,941,887SubstantialContributorsTotAmt
Public Support Total170$112,764,370PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$39CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$755,761CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,000,784CurrentTaxYearMinus1YearAmt
Current Tax Year$11,706,595CurrentTaxYearAmt
Total$17,463,179TotalAmt
FieldValueIRS element (for citing)
Total Support$140,169,436TotalSupportAmt
Public Support CY1700.80450PublicSupportCY170Pct
Public Support PY1700.84970PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Financial Derivatives FinancialDerivativesGrp

FieldValueIRS element (for citing)
Book Value$26,832,928BookValueAmt
Method ValuationFMethodValuationCd

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$38,244,221BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$65,077,149TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDUE TO MISERICORDIA HOMEDesc
Amt$1,275,524Amt
FieldValueIRS element (for citing)
Total Liability$1,275,524TotalLiabilityAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FAMILY FESTEvent1Nm
Gross Receipts Event1$1,493,735GrossReceiptsEvent1Amt
Charitable Contri Event1$1,242,244CharitableContriEvent1Amt
Gross Revenue Event1$251,491GrossRevenueEvent1Amt
Food And Beverage Event1$13,434FoodAndBeverageEvent1Amt
Entertainment Event1$9,636EntertainmentEvent1Amt
Other Direct Expenses Event1$267,856OtherDirectExpensesEvent1Amt
Event2ARTISIT IN ALLEvent2Nm
Gross Receipts Event2$1,338,572GrossReceiptsEvent2Amt
Charitable Contri Event2$1,143,655CharitableContriEvent2Amt
Gross Revenue Event2$194,917GrossRevenueEvent2Amt
Rent Facility Costs Event2$42,900RentFacilityCostsEvent2Amt
Food And Beverage Event2$136,600FoodAndBeverageEvent2Amt
Entertainment Event2$4,451EntertainmentEvent2Amt
Other Direct Expenses Event2$38,871OtherDirectExpensesEvent2Amt
Other Events Total5OtherEventsTotalCnt
Gross Receipts Other Events$7,683,744GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$6,531,124CharitableContriOtherEventsAmt
Gross Revenue Other Events$1,152,620GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$449,249RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$736,670FoodAndBeverageOtherEventsAmt
Entertainment Other Events$64,247EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$778,978OthDirectExpnssOtherEventsAmt
Gross Receipts Total$10,516,051GrossReceiptsTotalAmt
Charitable Contributions Tot$8,917,023CharitableContributionsTotAmt
Gross Revenue Total Events$1,599,028GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$492,149RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$886,704FoodAndBeverageTotalEventsAmt
Entertainment Total Events$78,334EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$1,085,705OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$2,542,892DirectExpenseSummaryEventsAmt
Net Income Summary-$943,864NetIncomeSummaryAmt

Gaming Information GamingInformationGrp

FieldValueIRS element (for citing)
Gross Revenue Bingo$6,359GrossRevenueBingoAmt
Cash Prizes Bingo$1,730CashPrizesBingoAmt
Other Direct Expenses Bingo$50OtherDirectExpensesBingoAmt
Volunteer Labor BingoYes (1)VolunteerLaborBingoInd
Volunteer Labor Bingo1.00000VolunteerLaborBingoPct
Gross Revenue Pull Tabs$19,474GrossRevenuePullTabsAmt
Cash Prizes Pull Tabs$13,032CashPrizesPullTabsAmt
Other Direct Expenses Pull Tabs$1,022OtherDirectExpensesPullTabsAmt
Volunteer Labor Pull TabsYes (1)VolunteerLaborPullTabsInd
Volunteer Labor Pull Tabs1.00000VolunteerLaborPullTabsPct
Gross Revenue Other Gaming$635,773GrossRevenueOtherGamingAmt
Cash Prizes Other Gaming$154,053CashPrizesOtherGamingAmt
Oth Direct Expnss Other Gaming$100OthDirectExpnssOtherGamingAmt
Volunteer Labor Other GamingYes (1)VolunteerLaborOtherGamingInd
Volunteer Labor Other Gaming1.00000VolunteerLaborOtherGamingPct
Gross Revenue Total Gaming$661,606GrossRevenueTotalGamingAmt
Cash Prizes Total Gaming$168,815CashPrizesTotalGamingAmt
Oth Direct Expnss Total Gaming$1,172OthDirectExpnssTotalGamingAmt
Direct Expense Summary Gaming$169,987DirectExpenseSummaryGamingAmt
Net Gaming Income Summary$491,619NetGamingIncomeSummaryAmt
FieldValueIRS element (for citing)
States Where Gaming ConductedILStatesWhereGamingConductedCd
LicensedYes (1)LicensedInd
License Suspended Etc0LicenseSuspendedEtcInd
Gaming With NonmembersYes (1)GamingWithNonmembersInd
Member Of Other Entity0MemberOfOtherEntityInd
Gaming Own Facility0.75000GamingOwnFacilityPct
Gaming Other Facility0.25000GamingOtherFacilityPct
Individual With BooksCAROLYN SHEEHANIndividualWithBooksNm

Persons With Books US Address PersonsWithBooksUSAddress

FieldValueIRS element (for citing)
Address Line16300 N RIDGE AVENUEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606601017ZIPCd
FieldValueIRS element (for citing)
Cntrct With3rd Prty For Game Rev0CntrctWith3rdPrtyForGameRevInd
Gaming Manager PersonCAROLYN SHEEHANGamingManagerPersonNm
Gaming Manager Services ProvMANAGEMENT OF THE RAFFLEGamingManagerServicesProvTxt
Gaming Manager Is Director OfcrYes (X)GamingManagerIsDirectorOfcrInd
Charitable Distribution Rqr0CharitableDistributionRqrInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MISERICORDIA HOMEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16300 N RIDGE AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60660ZIPCd
FieldValueIRS element (for citing)
Recipient EIN362170153RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$38,165,250CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantGENERAL SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I LINE 2FormAndLineReferenceDesc
ExplanationTHE MISERICORIDA FOUNDATION (MF) MAINTAINS FINANCIAL RECORDS FOR GRANTS MADE TO MISERICORDIA HOME. THE MF KNOWS THAT MISERICORDIA HOME IS A 501(C)(3) CORPORATION. THERE ARE NO SELECTION CRITERIA USED TO AWARD GRANTS. THE PRIMARY PUROSE OF THE MF IS TO MAKE GRANTS TO MISERICORDIA HOMES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KEVIN CONNELLY BEG 225
EXECUTIVE DIRECTOR$0$178,923$0$26,428$0$2,130$0$8,993$0$23,943$0$240,417$0$0
LOIS GATES
EXEC DIR (END 04/25) DIR (BEG 04/25)$160,861$0$26,962$0$0$0$7,728$0$24,596$0$220,147$0$0$0
PETER CULLEN-CONWAY
DIRECTOR OF MAJOR GIFTS$138,686$0$4,548$0$0$0$9,151$0$39,797$0$192,182$0$0$0
CAROLYN SHEEHAN BEG 0225
CFO$0$110,932$0$26,312$0$0$0$7,877$0$38,064$0$183,185$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 7GENERALLY MISERICORDIA PAYS BONUSES TO ITS EMPLOYEES AT YEAR-END. THE BONUSES ARE SUBJECT TO THE DISCRETION OF THE ORGANIZATION'S BOARD OF DIRECTORS.
FORM 990, PART VII, SECTION A, LINE 5 AND SCHEDULE J:CY 2024 KEVIN CONNELLY AND CAROLYN SHEEHAN WERE PAID BY MISERICORDIA HOME NOT THE FOUNDATION BUT ARE OFFICERS OF THE FOUNDATION AS OF 02/25 AND WERE PAID BY THE FOUNDATION BY THE END OF THE FISCAL YEAR.

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution92ContributionCnt
Noncash Contributions Rpt F990$4,609,691NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOMPARABLE PROPERTIESMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received6Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, COLUMN (B):# OF CONTRIBUTIONS RECEIVED
PART I, LINE 32B:CUSTODIAL BANK SELLS STOCK THAT IS RECEIVED AS A CONTRIBUTION

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THE BOARD CONSIST OF SEVEN MEMBERS. TWO OF THE DIRECTORS SHALL BE DESIGNATED BY MISERICORDIA HOME AND TWO SHALL BE DESIGNATED BY THE CATHOLIC BISHOP OF CHICAGO. THE FOUNDATION BOARD OF DIRECTORS ARE INDEPENDENT OF MISERICORDIA HOME AND CONSIST OF NO SHARED BOARD MEMBERS BETWEEN THE TWO ENTITIES.
FORM 990, PART VI, SECTION A, LINE 4EFFECTIVE DECEMBER 8, 2024, MISERICORDIA HOME BECAME THE SOLE CORPORATE MEMBER OF MISERICORDIA FOUNDATION. TO REFLECT THIS CHANGE IN THE ORGANIZATION'S GOVERNANCE STRUCTURE, AMENDED BYLAWS WERE ADOPTED ON DECEMBER 4, 2024.
FORM 990, PART VI, SECTION A, LINE 6MISERICORDIA HOME BECAME THE SOLE CORPORATE MEMBER OF MISERICORDIA FOUNDATION
FORM 990, PART VI, SECTION A, LINE 7ATWO OF THE DIRECTORS SHALL BE DESIGNATED BY MISERICORDIA HOME AND TWO SHALL BE DESIGNATED BY THE CATHOLIC BISHOP OF CHICAGO.
FORM 990, PART VI, SECTION A, LINE 7BANY OFFICER ELECTED OR APPOINTED BY THE BOARD OF DIRECTORS MAY BE REMOVED BY A MAJORITY OF THE BOARD OF DIRECTORS WHENEVER IN ITS JUDGEMENT THE BEST INTEREST OF THE FOUNDATION WOULD BE SERVED THEREBY, BUT SUCH REMOVAL SHALL BE WITHOUT PREJUDICE TO THE CONTRACT RIGHTS, IF ANY, OF THE PERSON SO REMOVED.
FORM 990, PART VI, SECTION B, LINE 11BBEFORE THE FORM 990 AND ITS ATTACHMENTS ARE FILED, A PUBLIC DISCLOSURE COPY IS MADE AVAILABLE TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY THE BOARD OF DIRECTORS AND UPPER MANAGEMENT SIGN A CONFLICT OF INTEREST STATEMENT. THE MEMBERS OF THE BOARD OF DIRECTORS AND UPPER MANAGEMENT HAVE AGREED TO ABIDE BY THE TERMS OF THE CONFLICT OF INTEREST STATEMENT. IN THE EVENT OF AN ALLEGATION OR APPEARANCE OF ANY CONFLICT OF INTEREST OR CODE OF ETHICS VIOLATION, THE MATTER WILL BE INVESTIGATED BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION REVIEW BEGINS AT THE BOARD OF DIRECTORS LEVEL. THERE IS AN INDEPENDENT SURVEY AND THE BOARD APPROVES COMPENSATION ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS AND FINANCIAL STATES ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).
FORM 990, PART XI, LINE 9:TRANSFER FROM MISERICORDIA HOME 665,859,189.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MISERICORDIA HOMEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16300 N RIDGE AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60660ZIPCd
FieldValueIRS element (for citing)
EIN362170153EIN
Primary ActivitiesSUPPORTPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity Status10PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.