Magee Rehabilitation Hospital Foundation
- Assets
- $62.6m
- Revenue
- $9.2m
- Investments
- $1.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 23-2937749
Organization Overview
Magee Rehabilitation Hospital Foundation is located in Philadelphia, PA. The organization was established in 1999. 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. Magee Rehabilitation 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, Magee Rehabilitation Hospital Foundation generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 0.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT THE CONTINUUM OF NEEDS FOR PEOPLE WITH PHYSICAL & COGNITIVE DISABILITIES & THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT TO MAGEE REHABILITATION HOSPITAL.MAGEE REHABILITATION HOSPITAL OFFERS PROGRAMS AND SERVICES TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WITH PHYSICAL AND COGNITIVE DISABILITIES. SUPPORT PROVIDED BY THE MAGEE REHABILITATION HOSPITAL FOUNDATION ENHANCES THE CARE OF MAGEE PATIENTS AND THE QUALITY OF LIFE OF ADULTS WITH DISABILITIES WHO RETURN TO THE COMMUNITY, REGARDLESS OF WHETHER OR NOT THEY WERE PATIENTS AT MAGEE. COMPREHENSIVE PATIENT REHABILITATION CARE ADDRESSES THE MEDICAL, PHYSICAL, PSYCHOLOGICAL, SOCIAL, SPIRITUAL, VOCATIONAL AND ECONOMIC ASPECTS OF PATIENTS AND THEIR FAMILIES. CONTINUED ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Conrad Chairman | OfficerTrustee | 0.25 | $0 |
David S Rasner ESQ Vice Chair | OfficerTrustee | 0.25 | $0 |
James E George MD JD Vice Chair | OfficerTrustee | 0.25 | $0 |
Laura Torchin Vice Chair | OfficerTrustee | 0.25 | $0 |
Paul Clegg Treasurer | OfficerTrustee | 0.25 | $0 |
Robert Kautzman Secretary | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $516,433 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,968,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,494,511 |
| Total Program Service Revenue | $0 |
| Investment income | $847,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,872,331 |
| Net Income from Fundraising Events | -$4,088 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,209,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| 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 | $368,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,131 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $1,060 |
| Fees for services: Accounting | $28,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,465 |
| Fees for services: Other | $139,971 |
| Advertising and promotion | $1,195 |
| Office expenses | $73,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,162 |
| All other expenses | $38,548 |
| Total functional expenses | $3,491,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,457,220 |
| Savings and temporary cash investments | $5,702,685 |
| Pledges and grants receivable | $121,667 |
| 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 | $32,240 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $53,337,238 |
| Investments—other securities | $1,929,781 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,580,831 |
| Accounts payable and accrued expenses | $116,944 |
| 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 | $141,609 |
| Total liabilities | $258,553 |
| Net assets without donor restrictions | $23,838,763 |
| Net assets with donor restrictions | $38,483,515 |
| 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 | $62,580,831 |
Grants Awarded
Over the last fiscal year, Magee Rehabilitation Hospital Foundation has awarded $2,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: MAGEE REHABILITATION HOSPITAL FOUNDATION PROVIDES FUNDS TO MAGEE REHABILITATION HOSPITALIN SUPPORT OF ITS PROGRAMS, SERVICES ADN EDUCATION FOR INDIVIDUALS WITH PHYSICAL AND COGNITIVE DISABILITIES. THE FOUNDATION BOARD OF TRUSTEES MONITORS THE USE OF THESE FUNDS THROUGH RECEIPT OF HOSPITAL FINANCIAL STATEMENTS ADN HEARING PERIODIC PRESENTATIONS ON VARIOUS HOSPITAL PROGRAMS. | $2,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Magee Rehabilitation Hospital Foundation has recieved totaling $805,810.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: PROVIDE ADOLESCENTS WITH RESOURCES TO ACHIEVE ACADEMIC AND VOCATIONAL GOALS DURING REHABILITATION | $256,800 |
Gff Foundation Woodbury, NJ PURPOSE: CHARITABLE | $73,500 |
Fisher Family Foundation Philadelphia, PA PURPOSE: GENERAL USE | $55,000 |
Connelly Foundation West Conshohocken, PA PURPOSE: ADOLESCENT AND YOUNG ADULT (AYA) ASSISTIVE TECHNOLOGY PROGRAM | $50,000 |
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL OPERATIONS | $50,000 |
Sordoni Foundation Inc Forty Fort, PA PURPOSE: CHARITABLE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Hudson East River Systems Llc New York, NY | $9,323,421,475 | $81,815,633 |
The Childrens Health Fund New York, NY | $7,589,617 | $9,406,757 |
Bronxcare Health Integrated Services System Inc Bronx, NY | $2,917,349 | $9,136,103 |
York Health Foundation York, PA | $12,105,892 | $8,310,377 |
New York Hospital Cornell Medical Center Fund Inc New York, NY | $237,549,829 | $20,911,565 |