Phn Charitable Foundation
- Assets
- $10.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Sharon, PA
- Founding
- 09/2006
- Data as of
- 08/2021
- 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 08/2021, Phn Charitable Foundation employed 25 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 08/2021, Phn Charitable Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSPORTATION SERVICES TO PATIENTS OF THE PRIMARY HEALTH NETWORK AND ALSO PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE FURTHERING THEIR EDUCATION IN THE HEALTH FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TRANSPORTATION SERVICES TO PATIENTS OF THE PRIMARY HEALTH NETWORK AND ALSO PROVIDE SCHOLARSHIPS TO STUDENTS WHO ARE FURTHERING THEIR EDUCATION IN THE HEALTH FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Swogger Board Chair | OfficerTrustee | 1 | $0 |
Thomas Burich Acting CEO | Officer | 1 | $0 |
Cheryl Goldstone Director Of Programs | Officer | 39 | $0 |
Carl Sizer CFO | Officer | 1 | $0 |
Bonnie Dickson Director | Trustee | 1 | $0 |
Timothy Mcgonigle Director | 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 | $197,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,453 |
| Total Program Service Revenue | $515,532 |
| Investment income | $49,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225,963 |
| Net Gain/Loss on Asset Sales | $16,850 |
| Net Income from Fundraising Events | $3,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,010,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $71,500 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,352 |
| Pension plan accruals and contributions | $3,576 |
| Other employee benefits | $30,283 |
| Payroll taxes | $31,134 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,026 |
| 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 | $17,417 |
| Advertising and promotion | $3,228 |
| Office expenses | $21,030 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,429 |
| Travel | $2,130 |
| 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 | $213,219 |
| Insurance | $17,542 |
| All other expenses | $1,695 |
| Total functional expenses | $1,031,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,116 |
| Savings and temporary cash investments | $846,119 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,212 |
| 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 | $2,430,322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,997,191 |
| Total assets | $10,616,960 |
| Accounts payable and accrued expenses | $72,451 |
| 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 | $0 |
| Total liabilities | $72,451 |
| Net assets without donor restrictions | $10,387,084 |
| Net assets with donor restrictions | $157,425 |
| 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 | $10,616,960 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Phn Charitable Foundation has recieved totaling $145,000.
| Awarding Organization | Amount |
|---|---|
Buhl Regional Health Foundation Hermitage, PA PURPOSE: THE NEED IS TO IDENTIFY PEOPLE WHO WISH TO BE VACCINATED FOR COVID-19 BUT LACK THE MEANS TO BE PLACED ON A LIST, AND CONNECT THEM IN AN EQUITABLE WAY, TO VACCINATIONS. | $100,000 |
Buhl Regional Health Foundation Hermitage, PA PURPOSE: CONNECTING MERCER COUNTY THIRD PHASE | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |