Magee Rehabilitation Hospital
- Assets
- $274.5m
- Revenue
- $82.2m
- Investments
- $0.0
- Employees
- 934
- Location
- Philadelphia, PA
- Founding
- 03/1960
- Data as of
- 06/2021
- EIN
- 23-1476328
Organization Overview
Magee Rehabilitation Hospital is located in Philadelphia, PA. The organization was established in 1960. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Magee Rehabilitation Hospital employed 934 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magee Rehabilitation 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 06/2021, Magee Rehabilitation Hospital generated $82.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $72.8m during the year ending 06/2021. While expenses have increased by 1.8% 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
TO IMPROVE THE QUALITY OF LIFE OF PERSONS WITH DISABILITIES BY PROVIDING HIGH QUALITY PHYSICAL AND COGNITIVE REHABILITATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN PROVIDING HIGH QUALITY PHYSICAL AND COGNITIVE REHABILITATION 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 |
|---|---|---|---|
Guy W Fried MD Trustee - SVP Med Affairs/cmo | OfficerTrustee | 55 | $565,504 |
Jack A Carroll PHD Former Officer | 0 | $409,469 | |
Patrick Rommel DO Physiatrist | 55 | $369,718 | |
Brian T Kucer MD Med Director - Brain Injury | 55 | $348,652 | |
Stephen V Destefano CPA Former Officer | 55 | $307,056 | |
Mendel Kupfer MD Physiatrist | 55 | $295,193 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Jefferson University Corporate Services | 6/29/21 | $9,146,158 |
Target Building Construction Inc Construction | 6/29/21 | $8,776,676 |
Keystone Quality Transport Medical Transport | 6/29/21 | $458,208 |
Charles Matsinger Associates Architecture | 6/29/21 | $379,748 |
Brookside Clinical Lab Inc Laboratory | 6/29/21 | $469,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,928,138 |
| Government grants | $3,550,230 |
| 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 | $6,478,368 |
| Total Program Service Revenue | $71,442,835 |
| Investment income | $107,538 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,908,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,150,847 |
| 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. | $895,710 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,007,153 |
| Pension plan accruals and contributions | $1,038,502 |
| Other employee benefits | $4,053,817 |
| Payroll taxes | $2,417,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $161,535 |
| Fees for services: Accounting | $24,794 |
| Fees for services: Lobbying | $13,419 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,339 |
| Fees for services: Other | $6,426,791 |
| Advertising and promotion | $208,753 |
| Office expenses | $808,174 |
| Information technology | $805,963 |
| Royalties | $0 |
| Occupancy | $1,198,844 |
| Travel | $4,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,099 |
| Interest | $1,245,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,797,656 |
| Insurance | $612,947 |
| All other expenses | $1,007,623 |
| Total functional expenses | $72,766,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,176 |
| Savings and temporary cash investments | $7,932,025 |
| Pledges and grants receivable | $5,297 |
| Accounts receivable, net | $21,302,411 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $625,882 |
| Prepaid expenses and deferred charges | $483,859 |
| Net Land, buildings, and equipment | $73,052,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $151,843,340 |
| Intangible assets | $4,300,000 |
| Other assets | $14,601,716 |
| Total assets | $274,504,681 |
| Accounts payable and accrued expenses | $7,513,843 |
| Grants payable | $0 |
| Deferred revenue | $30,040 |
| 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 | $52,497,921 |
| Total liabilities | $60,041,804 |
| Net assets without donor restrictions | $144,399,560 |
| Net assets with donor restrictions | $70,063,317 |
| 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 | $274,504,681 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Magee Rehabilitation Hospital has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Bayada Home Health Care Inc Pennsauken, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
Inspira Medical Centers Inc Bridgeton, NJ PURPOSE: PROGRAM SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $25,915,322 |
| Earnings | $5,726,148 |
| Ending Balance | $31,641,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elizabeth Seton Pediatric Center Yonkers, NY | $164,173,178 | $115,663,526 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $57,653,412 | $80,489,930 |
Levindale Hebrew Geriatric Ctr & Hospital Inc Baltimore, MD | $101,881,010 | $76,269,735 |
Fox Chase Cancer Center Medical Group Inc Philadelphia, PA | $37,947,929 | $82,329,773 |
Magee Rehabilitation Hospital Philadelphia, PA | $274,504,681 | $82,150,847 |
Mt Washington Pediatric Hospital Inc Baltimore, MD | $171,025,864 | $70,608,912 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $57,470,156 | $63,251,505 |
Magee-Womens Research Institute And Foundation Pittsburgh, PA | $105,422,061 | $58,233,606 |
Bacharach Institute For Rehabilitation Inc Pomona, NJ | $75,857,509 | $36,251,929 |
Pennsylvania Psychiatric Institute Harrisburg, PA | $10,777,137 | $42,493,217 |