Public Health Fund
- Assets
- $15.9m
- Revenue
- $955.9k
- Investments
- $65.2k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/1976
- Data as of
- 06/2021
- EIN
- 23-1985544
Organization Overview
Public Health Fund is located in Philadelphia, PA. The organization was established in 1976. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Health Fund 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, Public Health Fund generated $955.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Public Health Fund has awarded 25 individual grants totaling $5,829,234. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE DELAWARE VALLEY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC HEALTH FUND (THE "FUND OR "PHF") IS A CHARITABLE ORGANIZATION THAT HAS FOSTERED HEALTH CARE DELIVERY, RESEARCH AND EDUCATION IN THE GREATER DELAWARE VALLEY SINCE 1996. PUBLIC HEALTH FUND'S MISSION IS TO IMPROVE THE HEALTH OF THE DELAWARE VALLEY COMMUNITY THROUGH INNOVATIVE AND EFFECTIVE PUBLIC HEALTH INITIATIVES. THE DELAWARE VALLEY INCLUDES THE EIGHT COUNTY GREATER PHILADELPHIA AREA INCLUDING PHILADELPHIA, BUCKS, CHESTER, DELAWARE AND MONTGOMERY COUNTIES IN PENNSYLVANIA AND BURLINGTON, CAMDEN AND GLOUCESTER COUNTIES IN NEW JERSEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cohen President | OfficerTrustee | 1 | $0 |
Michael Pearson Treasurer | OfficerTrustee | 1 | $0 |
Michele Volpe Secretary Thru 12.31.20 | OfficerTrustee | 1 | $0 |
Christina Hayden Secretary Eff 1.1.21 | OfficerTrustee | 1 | $0 |
Stephen P Fera Member | Trustee | 1 | $0 |
Samuel J Patterson Member | Trustee | 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 | $120,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,000 |
| Total Program Service Revenue | $0 |
| Investment income | $257,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $533,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $955,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $576,273 |
| 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 | $93,600 |
| Payroll taxes | $0 |
| Fees for services: Management | $726,794 |
| 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 | $65,311 |
| Fees for services: Other | $19,127 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Total functional expenses | $1,481,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $518,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,768,276 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,404,544 |
| Investments—other securities | $65,174 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,876,577 |
| Accounts payable and accrued expenses | $9,300 |
| 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 | $1,160,619 |
| Total liabilities | $1,169,919 |
| Net assets without donor restrictions | $14,706,658 |
| Net assets with donor restrictions | $0 |
| 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 | $15,876,577 |
Grants Awarded
Over the last fiscal year, Public Health Fund has awarded $576,273 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: STRATEGIC GROWTH, INNOVATION FUND, RESEARCH AND EVALUATION, AND INFRASTRUCTURE | $326,273 |
Philadelphia, PA PURPOSE: HEALTH AND SCIENCE REPORTING | $50,000 |
Philadelphia, PA PURPOSE: INFRASTRUCTURE | $50,000 |
Philadelphia, PA PURPOSE: ACADEMIC PARTNERSHIP | $25,000 |
Tampa, FL PURPOSE: INVESTMENT IN RACIAL EQUITY AND JUSTICE | $25,000 |
Philadelphia, PA PURPOSE: INVESTMENT IN RACIAL EQUITY AND JUSTICE | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Public Health Fund has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Sam And Deidre Patterson Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chandler Hall Health Services Inc Newtown, PA | $26,412,529 | $17,505,940 |
Monongalia Health System Inc Morgantown, WV | $86,745,766 | $16,010,701 |
Main Line Health System Newtown Square, PA | $716,989,438 | $16,528,062 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Keystone Human Services Harrisburg, PA | $87,650,682 | $15,974,485 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Gslpg Inc Allentown, PA | $2,068,397 | $14,256,674 |
Wellspan Health Care Services York, PA | $27,111,355 | $16,698,867 |
Fisher Titus Health Norwalk, OH | $26,776,326 | $13,778,991 |
Heritage Valley Health System Inc Beaver, PA | $119,093,589 | $30,915,024 |
Pittsburgh Mercy Health System Inc Pittsburgh, PA | $67,521,734 | $13,055,628 |
Western Maryland Health Care Corporation Oakland, MD | $13,609,447 | $14,070,540 |