Abington Memorial Hospital
- Assets
- $948.0m
- Revenue
- $858.4m
- Investments
- $0.0
- Employees
- 6,959
- Location
- Philadelphia, PA
- Founding
- 02/1935
- Data as of
- 06/2021
- EIN
- 23-1352152
Organization Overview
Abington Memorial Hospital, operating under the name Abington Hospital - Jefferson Health, is located in Philadelphia, PA. The organization was established in 1935. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Abington Hospital - Jefferson Health employed 6,959 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abington Hospital - Jefferson 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 06/2021, Abington Hospital - Jefferson Health generated $858.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $916.5m during the year ending 06/2021. While expenses have increased by 3.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ABINGTON MEMORIAL HOSPITAL D/B/A ABINGTON HOSPITAL - JEFFERSON HEALTH IS TO IMPROVE LIVES.
Describe the Organization's Program Activity:
EXPENSES INCURRED IN PROVIDING EMERGENCY AND 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 |
|---|---|---|---|
Orlando Kirton MD Chair, Dept Of Surgery | 55 | $770,591 | |
Douglas Laske MD Neurosurgeon | 55 | $757,577 | |
Steven J Barrer MD Neurosurgeon | 55 | $717,848 | |
Jonas J Gopez MD Neurosurgeon | 55 | $703,712 | |
Michael Yoon MD Neurosurgeon | 55 | $701,423 | |
Margaret M Mcgoldrick Former Officer | 0 | $695,333 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Radiology Group Of Abington Pc Medical | 6/29/21 | $4,867,479 |
Thomas Jefferson University Corporate Services | 6/29/21 | $144,823,132 |
Lf Driscoll Company Llc Construction | 6/29/21 | $13,593,871 |
United Anesthesia Service Pc Medical | 6/29/21 | $5,821,092 |
Engie Insight Services Inc Consulting | 6/29/21 | $4,224,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,949,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,109,681 |
| Total Program Service Revenue | $813,245,060 |
| Investment income | $6,864,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,115,368 |
| Net Gain/Loss on Asset Sales | $2,986,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,404,541 |
| 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. | $3,779,973 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,371,614 |
| Pension plan accruals and contributions | $13,468,845 |
| Other employee benefits | $54,574,042 |
| Payroll taxes | $32,369,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,258,219 |
| Fees for services: Accounting | $392,598 |
| Fees for services: Lobbying | $48,245 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,162,147 |
| Advertising and promotion | $3,305,469 |
| Office expenses | $11,083,285 |
| Information technology | $11,819,272 |
| Royalties | $0 |
| Occupancy | $20,718,423 |
| Travel | $1,086,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,555 |
| Interest | $8,971,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,724,857 |
| Insurance | $8,449,258 |
| All other expenses | $6,590,265 |
| Total functional expenses | $916,519,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,031,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $201,275 |
| Accounts receivable, net | $60,930,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $280,696 |
| Inventories for sale or use | $9,840,073 |
| Prepaid expenses and deferred charges | $1,676,575 |
| Net Land, buildings, and equipment | $432,542,334 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $124,082,696 |
| Intangible assets | $0 |
| Other assets | $262,431,901 |
| Total assets | $948,017,930 |
| Accounts payable and accrued expenses | $103,492,569 |
| Grants payable | $0 |
| Deferred revenue | $1,038,517 |
| 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 | $719,372,933 |
| Total liabilities | $823,904,019 |
| Net assets without donor restrictions | $66,573,778 |
| Net assets with donor restrictions | $57,540,133 |
| 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 | $948,017,930 |
Grants Awarded
Over the last fiscal year, Abington Memorial Hospital has awarded $37,096 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $16,430 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $14,083 |
PENNSYLVANIA DEPARTMENT OF HEALTH PURPOSE: GENERAL SUPPORT | $6,583 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Abington Memorial Hospital has recieved totaling $115,331.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $40,717 |
Foundation Forsurgical Fellowships Los Angeles, CA PURPOSE: General Support | $20,000 |
Invest In Others Charitablefoundation Inc Andover, MA PURPOSE: SAFE HARBOR AT ABINGTON JEFFERSON HEALTH | $20,000 |
National Breast Cancer Foundation Inc Frisco, TX PURPOSE: METASTATIC RETREAT | $11,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,500 |
Philadelphia Foundation Philadelphia, PA PURPOSE: VARIOUS DEPARTMENTAL SUPPORT | $8,114 |
Endowment Analysis
| Beg. Balance | $47,336,492 |
| Earnings | $10,381,462 |
| Other Expense | $363,956 |
| Ending Balance | $57,353,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |