Paoli Memorial Hospital Foundation
- Assets
- $31.0m
- Revenue
- $4.1m
- Investments
- $24.2m
- Employees
- 0
- Location
- Paoli, PA
- Founding
- 02/1996
- Data as of
- 06/2021
- EIN
- 23-2359407
Organization Overview
Paoli Memorial Hospital Foundation, operating under the name Paoli Hospital Foundation, is located in Paoli, PA. The organization was established in 1996. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, 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. Paoli Hospital 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, Paoli Hospital Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. 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
PROVIDES FUNDRAISING AND DEVELOPMENT ACTIVITIES TO SUPPORT MAIN LINE HOSPITALS, INC. - PAOLI HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS AND DISBURSED GRANTS IN SUPPORT OF MAIN LINE HOSPITALS, INC. - PAOLI HOSPITAL IN ACCORDANCE WITH DONOR INTENT; E.G. COMMUNITY EDUCATION, CAPITAL PURCHASES, AND SUPPORT FOR OTHER HOSPITAL PROGRAMS, SUCH AS WOMEN'S HEALTH, ONCOLOGY, AND COMMUNITY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Buongiorno Treas. & Ex-Officio Trustee | OfficerTrustee | 1 | $0 |
James Paradis President & Ex-Officio Trustee | OfficerTrustee | 1 | $0 |
Patricia B Holloway Chair & Trustee | OfficerTrustee | 1 | $0 |
Joseph J Mclaughlin Vice-Chair & Trustee | OfficerTrustee | 1 | $0 |
Christina Bruckner Secretary | Officer | 1 | $0 |
John J Lynch III Ex-Officio Trustee | 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 | $2,907,613 |
| Noncash contributions included in lines 1a–1f | $321,438 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,907,613 |
| Total Program Service Revenue | $0 |
| Investment income | $1,158,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,526 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,130,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,154 |
| 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 | $155,149 |
| 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 | $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 | $931,499 |
| Total functional expenses | $1,962,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,128,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $948,779 |
| Accounts receivable, net | $626 |
| 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 | $3,777,881 |
| Investments—other securities | $24,166,787 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $31,022,665 |
| Accounts payable and accrued expenses | $179,577 |
| 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 | $116,027 |
| Total liabilities | $295,604 |
| Net assets without donor restrictions | $17,606,134 |
| Net assets with donor restrictions | $13,120,927 |
| 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 | $31,022,665 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Paoli Memorial Hospital Foundation has recieved totaling $416,256.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $83,500 |
Chester County Community Foundation Inc West Chester, PA PURPOSE: HEALTH | $75,000 |
Thomson Family Foundation Malvern, PA PURPOSE: HEALTHCARE SERVICES | $50,000 |
The Rjm Foundation New Hill, NC PURPOSE: TO HELP FUND THE RECIPIENT'S OPERATING BUDGET | $50,000 |
Blue Sky Family Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING | $35,000 |
Kanter Foundation Media, PA PURPOSE: GENERAL | $20,000 |
Endowment Analysis
| Beg. Balance | $1,620,776 |
| Earnings | $6,244 |
| Net Contributions | $87,566 |
| Other Expense | $88,364 |
| Ending Balance | $1,626,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Island Select Healthcare Inc Central Islip, NY | $8,265,975 | $21,062,448 |
Barnesville Hospital Association Inc Barnesville, OH | $13,746,955 | $20,495,277 |
Grafton City Hospital Inc Grafton, WV | $12,579,232 | $20,111,333 |
Lvhn Scranton Orthopedic Specialists Allentown, PA | $3,870,668 | $16,734,711 |
Guthrie Towanda Memorial Hospital Towanda, PA | $0 | $13,772,403 |
Lehigh Valley Hospital - Coordinated Health Bethlehem Allentown, PA | $0 | $23,779,920 |
Margaretville Memorial Hospital Margaretville, NY | $7,505,744 | $15,666,335 |
Shore Rehabilitation Institute Inc Brick, NJ | $9,020,027 | $18,706,830 |
Geisinger Jersey Shore Hospital Danville, PA | $29,794,644 | $19,405,127 |
Upmc Pittsburgh, PA | $6,204,114 | $10,718,414 |
Community Medical And Dental Care Monsey, NY | $10,163,630 | $17,584,178 |
Rochester Regional Health Foundation Rochester, NY | $93,100,640 | $25,028,358 |