Private company

Mount Mercy University

Logo: mtmercy.edu4

Catholic liberal arts university in Cedar Rapids, Iowa, US

Mount Mercy University is a private Catholic university in Cedar Rapids, Iowa, United States. It was founded by the Sisters of Mercy in 1928. Students take a core of liberal arts courses as a foundation for areas of study including English, fine arts, history, mathematics, multicultural studies, natural science, philosophy, theology and social science.2 It employed 369 people in 2020.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1928Founded1
  • Industryhigher education1
  • HeadquartersCedar Rapids, United States1
  • Websitewww.mtmercy.edu
  • Legal formNonprofit Corporation3
  • LEI549300MTPOWPENDTNZ113
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressC/O TODD OLSON, 52102-4797 Cedar Rapids, United States3
  • Registered withBusiness Services Division (Secretary of State), 610683
2012-0610-MtMercyCollege02
Photo: Bobak Ha'Eri, CC BY 3.0, via Wikimedia Commons6

Mount Mercy University is a private Catholic university in Cedar Rapids, Iowa, United States. It was founded by the Sisters of Mercy in 1928.2

The story

Mount Mercy University was founded as a two-year college for women in 1928 by the Sisters of Mercy of Cedar Rapids, Iowa. These sisters, whose order was founded in 1831 by Catherine McAuley in Dublin, Ireland, have been active in Cedar Rapids since 1875. The college was an outgrowth of their concerns about the education of women.

In 1957, Mount Mercy became a four-year institution and awarded its first bachelor's degree in 1959. The college received accreditation as a baccalaureate institution by the North Central Association in 1960. In 1968, the Sisters of Mercy transferred their legal authority and responsibility to a self-perpetuating independent board of which three members would always be Sisters of Mercy. Mount Mercy College became coeducational in 1969. While integrating a strong liberal arts component, the college has always emphasized professional development from its early involvement, as a junior college, on business courses and teacher education. The departments of nursing, education, and social work were accredited in the 1960s and 1970s as the four-year programs developed. Initiated in 1997, the Adult Accelerated program, a joint Mount Mercy University/Kirkwood Community College accelerated degree completion program for working adults meets an important community workforce development need.

On August 23, 2010, the institution was re-designated as a university.

In May 2024, the university announced a partnership with fellow Catholic institution St. Ambrose University in Davenport that would allow students from both institutions to freely take classes at them. At the time of the announcement, a merger was "being explored for the future." Three months later, in August 2024, it was announced that the university would merge with St. Ambrose.

Presidents

Mary Ildephonse Holland, 1928–1933, 1946–1961

Mary Cornelia Burke, 1933–1939

Mary Maura Marron, 1939–1946

Mary Agnes Hennessey, 1961–1977

Read the full text

Thomas R. Feld, 1977–1999

Robert Pearce, 1999–2006

Christopher R.L. Blake, 2006–2013

Norm R. Nielsen, 2013–2014

Laurie Hamen, 2014–2020

Robert Beatty, July 1, 2020–September 9, 2020

Tim Laurent, September 9, 2020–July 21, 2021 (interim)

Todd A. Olson, July 21, 2021–present

From Wikipedia’s article on Mount Mercy University, shared under CC BY-SA 4.0.5

Employees over time

  • 20203691

Timeline

  1. 1928Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$3.4M 2020–2020
Money received by yearMoney received by year, 2020–2020: $3.4M in all. PPP loans $3.4M.$0$1M$2M$3M$4M2020 · PPP loans: $3.4M2020
Figures by year
YearPPP loansTotal
2020$3.4M$3.4M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA7. Matched to this company by name and state.

  1. May 14, 2020$3.4M PPP loan (first draw) from U.S. Bank, National Association7To MOUNT MERCY UNIVERSITY, Cedar Rapids IA; $3.4M forgiven Jun 11, 2021