Montgomery Health Foundation
- Assets
- $10.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadlephia, PA
- Founding
- 10/1983
- Data as of
- 06/2021
- EIN
- 22-2456265
Organization Overview
Montgomery Health Foundation is located in Philadlephia, PA. The organization was established in 1983. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Montgomery Health Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $6.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (58.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MONTGOMERY HEALTH FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT TO ENHANCE THE HOSPITAL'S ABILITY TO SERVE THE COMMUNITY WITH THE HIGHEST QUALITY HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTGOMERY HEALTH FOUNDATION DOES NOT HAVE ANY PROGRAM SERVICE EXPENSES. THE SOLE PURPOSE OF THE MONTGOMERY HEALTH FOUNDATION IS TO SUPPORT MONTGOMERY HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry R Freedman President & CEO (thru 12/20) | OfficerTrustee | 1 | $0 |
Kenneth Levitan President And CEO (beg. 1/21) | OfficerTrustee | 1 | $0 |
Lawrence S Reichlin Chairperson | OfficerTrustee | 1 | $0 |
Steven Berk ESQ Vice Chairperson | OfficerTrustee | 1 | $0 |
Penny J Rezet ESQ Chief Legal Counsel-Secretary | Officer | 1 | $0 |
Gerard Blaney VP & CFO - Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $125,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,204,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,329,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $883 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,220 |
| Total functional expenses | $6,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,023 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,356,077 |
| Investments—other securities | $0 |
| Investments—program-related | $4,831 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,364,940 |
| Accounts payable and accrued expenses | $83 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,753 |
| Total liabilities | $20,836 |
| Net assets without donor restrictions | $9,924,660 |
| Net assets with donor restrictions | $419,444 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,364,940 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montgomery Health Foundation has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: COVID-19 RELIEF EFFORT, EINSTEIN'S PRIDE PROGRAM | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Health Foundation Inc Princeton, NJ | $176,302,881 | $3,140,034 |
Research To Prevent Blindness Endowment Fund Inc New York, NY | $317,713,049 | $28,546,765 |
Ats Foundation Inc New York, NY | $0 | $224,022 |
Foundation For Advancement Of Intl Medical Education And Research Philadelphia, PA | $73,208,748 | $9,951,039 |
Nccn Foundation Plymouth Meeting, PA | $7,730,910 | $3,697,738 |
Cincinnati Sight Restoration Foundation Inc Cincinnati, OH | $11,696,354 | $3,183,062 |
Foundation Fighting Blindness Retinal Degeneration Fund Columbia, MD | $45,350,093 | $15,424,974 |
The Arvo Foundation For Eye Research Inc Rockville, MD | $8,550,005 | $1,963,913 |
Cds Wolf Foundation Inc Webster, NY | $18,173,557 | $6,502,648 |
Parkinson Alliance Inc Kingston, NJ | $464,272 | $616,177 |
Margaret M Dyson Tr Uw Fbo Margaret M Dyson Vision Research Institute Poughkeepsie, NY | $4,372,343 | $800,997 |
Simons Fund Conshohocken, PA | $473,099 | $317,439 |