Phn Charitable Foundation
- Assets
- $12.9m
- Revenue
- $601.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Sharon, PA
- Founding
- 09/2006
- Data as of
- 08/2022
- EIN
- 41-2188011
Organization Overview
Phn Charitable Foundation is located in Sharon, PA. The organization was established in 2006. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 08/2022, Phn Charitable Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phn Charitable 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 08/2022, Phn Charitable Foundation generated $601.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $623.8k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ACCESS TO HEALTH CARE SERVICES AND IMPROVE HEALTH AND QUALITY OF LIFE IN THE COMMUNITIES PRIMARY HEALTH NETWORK SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE ACCESS TO HEALTH CARE SERVICES AND IMPROVE HEALTH AND QUALITY OF LIFE IN THE COMMUNITIES PRIMARY HEALTH NETWORK SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Bell Director | Trustee | 1 | $0 |
Jo Anne Carrick Secretary | Trustee | 1 | $0 |
Bonnie Dickson Director | Trustee | 1 | $0 |
Bill Hillgrove Director | Trustee | 1 | $0 |
Timothy Mcgonigle Director | Trustee | 1 | $0 |
Michelle Swogger Board Chair (thru Nov 2021) | OfficerTrustee | 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 | $23,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,260 |
| Total Program Service Revenue | $170,114 |
| Investment income | $38,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $356,387 |
| Net Gain/Loss on Asset Sales | -$1,743 |
| Net Income from Fundraising Events | $14,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,000 |
| 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 | $185,662 |
| Pension plan accruals and contributions | $2,282 |
| Other employee benefits | $36,354 |
| Payroll taxes | $14,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $168 |
| 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 | $11,751 |
| Advertising and promotion | $15,473 |
| Office expenses | $14,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,414 |
| Travel | $2,230 |
| 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 | $171,369 |
| Insurance | $1,274 |
| All other expenses | $8,572 |
| Total functional expenses | $623,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,497 |
| Savings and temporary cash investments | $397,245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,579 |
| 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 | $1,901,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,213,476 |
| Total assets | $12,947,759 |
| Accounts payable and accrued expenses | $42,500 |
| Grants payable | $0 |
| Deferred revenue | $4,351 |
| 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 | $0 |
| Total liabilities | $46,851 |
| Net assets without donor restrictions | $12,877,263 |
| Net assets with donor restrictions | $23,645 |
| 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 | $12,947,759 |