The American Oncologic Hospital
- Assets
- $178.4m
- Revenue
- $272.5m
- Investments
- $7.3m
- Employees
- 1,526
- Location
- Philadelphia, PA
- Founding
- 06/1948
- Data as of
- 06/2022
- EIN
- 23-1352156
Organization Overview
The American Oncologic Hospital, operating under the name Hosp of the Fox Chase Cancer Center, is located in Philadelphia, PA. The organization was established in 1948. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Hosp of the Fox Chase Cancer Center employed 1,526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hosp of the Fox Chase Cancer Center 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 06/2022, Hosp of the Fox Chase Cancer Center generated $272.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $281.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hosp of the Fox Chase Cancer Center has awarded 26 individual grants totaling $373,930,868. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREVAIL OVER CANCER MARSHALING HEART AND MIND IN BOLD SCIENTIFIC DISCOVERY, PIONEERING PREVENTION, AND COMPASSIONATE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE PROFESSIONALS AT THE AMERICAN ONCOLOGIC HOSPITAL FOCUS ON DEVELOPING AND PARTICIPATING IN CLINICAL TRIALS TO BROADEN OUR KNOWLEDGE OF CANCER TREATMENTS. OUR MULTIDISCIPLINARY STAFF PROVIDES A COORDINATED APPROACH TO TREATMENT TO BEST MEET THE NEEDS OF EACH PATIENT. SPECIALISTS AT THE AMERICAN ONCOLOGIC HOSPITAL ARE RECOGNIZED NATIONALLY AND INTERNATIONALLY IN ALL AREAS OF CANCER CARE.
THE MISSION OF THE NURSING DEPARTMENT IS TO PREVAIL OVER CANCER BY PROVIDING PATIENT AND FAMILY CENTERED, QUALITY, SAFE, COMPASSIONATE, EXPERT, HOLISTIC, EVIDENCE-BASED NURSING CARE TO ADULT ONCOLOGY PATIENTS AND THEIR FAMILIES.
AT THE AMERICAN ONCOLOGIC HOSPITAL, WE BELIEVE THAT CANCER CARE GOES BEYOND MEDICAL DIAGNOSIS AND TREATMENT. FOR PATIENTS AND THEIR FAMILIES WE OFFER AN ARRAY OF SUPPORT SERVICES, INCLUDING COMPLETE CARE, NUTRITION SUPPORT SERVICES, PAIN MANAGEMENT, PALLIATIVE CARE, PASTORAL CARE, SOCIAL WORK SERVICES, SUPPORT GROUPS AND MEDICAL RECORDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lewis Gould Director/chair | OfficerTrustee | 1 | $0 |
Christopher Mcnichol Director/vice Chair (from 10/27/21) | OfficerTrustee | 1 | $0 |
Michael Young Director | Trustee | 1 | $0 |
Tina Pidgeon Director (from 10/20/21) | Trustee | 1 | $0 |
Dr Solomon Luo Director | Trustee | 1 | $0 |
Edward Glickman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Temple University Health System Professional Service | 6/29/22 | $12,496,740 |
Fcc Medical Group Inc Professional Service | 6/29/22 | $9,453,299 |
The Institute For Cancer Research Professional Service | 6/29/22 | $9,374,706 |
Harmelin Media Inc Professional Service | 6/29/22 | $3,685,821 |
Society Hill Anesthesia Consultants Professional Service | 6/29/22 | $909,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,176,671 |
| Related organizations | $44,035,581 |
| Government grants | $244,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,191,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,647,526 |
| Total Program Service Revenue | $226,910,757 |
| Investment income | -$2,917,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $92,814 |
| Net Gain/Loss on Asset Sales | -$60,547 |
| Net Income from Fundraising Events | $315,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,455,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,164,493 |
| 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. | $436,215 |
| Compensation of current officers, directors, key employees. | $436,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,819,938 |
| Pension plan accruals and contributions | $5,005,401 |
| Other employee benefits | $11,575,237 |
| Payroll taxes | $7,024,312 |
| Fees for services: Management | $3,099,145 |
| Fees for services: Legal | $88,322 |
| 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 | $38,408,855 |
| Advertising and promotion | $5,328,351 |
| Office expenses | $2,125,814 |
| Information technology | $1,541,440 |
| Royalties | $0 |
| Occupancy | $11,007,195 |
| Travel | $308,371 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,396 |
| Interest | $3,761,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,974,714 |
| Insurance | $1,854,233 |
| All other expenses | $1,207,415 |
| Total functional expenses | $281,041,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,793,010 |
| Savings and temporary cash investments | $63,663 |
| Pledges and grants receivable | $1,569,503 |
| Accounts receivable, net | $39,167,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,105,654 |
| Prepaid expenses and deferred charges | $1,749,793 |
| Net Land, buildings, and equipment | $42,785,215 |
| Investments—publicly traded securities | $44,795,332 |
| Investments—other securities | $7,315,092 |
| Investments—program-related | $0 |
| Intangible assets | $29,387 |
| Other assets | $21,074,622 |
| Total assets | $178,448,371 |
| Accounts payable and accrued expenses | $19,774,736 |
| Grants payable | $845,117 |
| 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 | $1,240,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $134,542,833 |
| Total liabilities | $156,402,989 |
| Net assets without donor restrictions | $4,034,204 |
| Net assets with donor restrictions | $18,011,178 |
| 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 | $178,448,371 |
Grants Awarded
Over the last fiscal year, The American Oncologic Hospital has awarded $47,164,492 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE INSTITUTE FOR CANCER RESEARCH PURPOSE: Research | $44,675,930 |
TEMPLE UNIVERSITY HEALTH SYSTEM INC PURPOSE: Medical services | $1,615,131 |
FOX CHASE NETWORK INC PURPOSE: Medical services | $700,000 |
FOX CHASE CANCER CENTER MEDICAL GROUP PURPOSE: Medical services | $173,431 |