Phillips Memorial Hospital
- Assets
- $1.4m
- Revenue
- $67.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lambertville, NJ
- Founding
- 07/1944
- Data as of
- 12/2021
- EIN
- 51-0244409
Organization Overview
Phillips Memorial Hospital is located in Lambertville, NJ. The organization was established in 1944. 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. Phillips Memorial Hospital 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 12/2021, Phillips Memorial Hospital generated $67.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $68.9k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED DONATIONS TO VARIOUS HEALTH CARE ORGANIZATIONS FOR RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Faherty III Trustee, President | OfficerTrustee | 1 | $0 |
Charles Garefino Jr Trustee, Vice President | OfficerTrustee | 1 | $0 |
Jeanmarie F Moore Secretary And Treasurer | Officer | 12 | $0 |
Robert J Hayes Jr Trustee | Trustee | 0.5 | $0 |
Irma Fuhr Trustee | Trustee | 0.5 | $0 |
Shirley Skillman Trustee | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $39,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $16,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,922 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $308 |
| 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 | $558 |
| All other expenses | $0 |
| Total functional expenses | $68,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $79,599 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,275,271 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,354,870 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,418 |
| 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 | $12,418 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,342,452 |
| 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 | $1,354,870 |
Endowment Analysis
| Beg. Balance | $1,356,097 |
| Earnings | $67,163 |
| Admin Expense | $34,500 |
| Other Expense | $34,400 |
| Ending Balance | $1,354,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Choices Ny Inc Brooklyn, NY | $5,459,308 | $10,428,165 |
Moses Taylor Foundation Inc Scranton, PA | $79,278,222 | $14,094,526 |
Vassar Brothers Hospital Foundation Poughkeepsie, NY | $58,560,925 | $4,051,790 |
Lancaster General Health-Columbia Center Columbia, PA | $7,401,530 | $6,377,144 |
Upmc Pittsburgh, PA | $1,349,011 | $2,702,021 |
Penn State Health Hampden Medical Center Hershey, PA | $282,020,516 | $137,789 |
John F Kennedy Memorial Hospital Philadelphia, PA | $1,295,540 | $8,022,206 |
Excela Health Greensburg, PA | $246,966,769 | $11,942,397 |
Brooklyn Hospital Radiology P C Brooklyn, NY | $784,187 | $3,298,833 |
Tbhc Medical Services Pc Brooklyn, NY | $942,645 | $6,768,198 |
Kensington Hospital Philadelphia, PA | $8,470,741 | $8,903,736 |
Beverage Drivers Health & Welfare Pittsburgh, PA | $14,833,979 | $6,569,284 |