Doylestown Health Foundation
- Assets
- $88.2m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- 02/1986
- Data as of
- 06/2020
- EIN
- 23-2368196
Organization Overview
Doylestown Health Foundation, operating under the name Doylestown Health, is located in Doylestown, PA. The organization was established in 1986. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Doylestown Health 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 06/2020, Doylestown Health generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $13.5m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND ACTIVITIES OF DOYLESTOWN HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND ACTIVITIES OF DOYLESTOWN HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Brexler Fache Dir-Pres/ceo Doylestown Health | OfficerTrustee | 55 | $0 |
Daniel L Upton Director - VP & CFO (ret 2/21) | OfficerTrustee | 55 | $0 |
Laura K Wortman Director - VP & Chief Dev Off | OfficerTrustee | 55 | $0 |
Joan Parlee Chair - Director | OfficerTrustee | 8 | $0 |
Elizabeth Seeber Director - VP & CFO (eff 2/21) | OfficerTrustee | 55 | $0 |
Sara Moyer Vice Chair - Director | OfficerTrustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Csp Consultants Group Llc Consulting | 6/29/20 | $111,399 |
Norwood - Mcmanus Ii Construction | 6/29/20 | $7,535,332 |
Csp Consultants Group Llc Consulting | 6/29/20 | $111,399 |
Norwood - Mcmanus Ii Construction | 6/29/20 | $7,535,332 |
Norwood - Mcmanus Ii Construction | 6/29/20 | $7,535,332 |
Csp Consultants Group Llc Consulting | 6/29/20 | $111,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,702,245 |
| Investment income | $1,712,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $675,772 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $33,836 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,269,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $28,500 |
| 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 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 | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,933 |
| Fees for services: Other | $32,280 |
| Advertising and promotion | $0 |
| Office expenses | $97,228 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,091 |
| 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 | $4,692 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,531,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,467 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,352,051 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $49,840,348 |
| Intangible assets | $0 |
| Other assets | $25,776,491 |
| Total assets | $88,236,207 |
| Accounts payable and accrued expenses | $57,899 |
| 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 | $2,163,021 |
| Total liabilities | $2,220,920 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $86,015,287 |
Grants Awarded
Over the last fiscal year, Doylestown Health Foundation has awarded $839,638 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Doylestown, PA PURPOSE: PROGRAM SUPPORT | $799,638 |
Doylestown, PA PURPOSE: PROGRAM SUPPORT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Doylestown Health Foundation has recieved totaling $931,639.
| Awarding Organization | Amount |
|---|---|
Franklin Street Giving Tree Foundation Doylestown, PA PURPOSE: PROVIDE COMMUNITY HEALTHCARE | $600,000 |
Advisors Charitable Gift Fund Inc Woburn, MA PURPOSE: General Support | $90,000 |
Marilyn Lichtman Foundation Wantagh, NY PURPOSE: GENERAL CHARITY | $70,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $31,500 |
Pamela Minford Charitablefoundation Doylestown, PA PURPOSE: GENERAL OPERATIONS AND RELATED SPECIAL PROJECTS | $27,230 |
Medleycott Family Foundation Southampton, PA PURPOSE: TO AID ORGANIZATION IN CHARITABLE PURPOSE | $25,000 |
Endowment Analysis
| Beg. Balance | $11,451,163 |
| Earnings | $2,373,481 |
| Ending Balance | $13,824,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Upmc Pinnacle Foundation Harrisburg, PA | $153,865,644 | $10,550,659 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |