Methodist Hospital Fdn
- Assets
- $12.0m
- Revenue
- $158.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1977
- Data as of
- 06/2022
- EIN
- 23-2014559
Organization Overview
Methodist Hospital Fdn is located in Philadelphia, PA. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Methodist Hospital Fdn 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 06/2022, Methodist Hospital Fdn generated $158.9k 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 (3.5%) each year. All expenses for the organization totaled $318.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Methodist Hospital Fdn has awarded 37 individual grants totaling $1,198,995. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND PROVIDE GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN RAISING FUNDS AND PROVIDING GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Jeffrey Grant Chairman - Trustee | OfficerTrustee | 5 | $0 |
Janice R Bellace ESQ Vice Chair - Trustee | OfficerTrustee | 5 | $0 |
Honorable Matthew Carrafiello Vice Chair - Trustee | OfficerTrustee | 5 | $0 |
Frank H Wisniewski ESQ Vice Chair - Trustee | OfficerTrustee | 5 | $0 |
Joseph P Anton Trustee - President/ceo | OfficerTrustee | 5 | $0 |
Reverend Charles C Cole Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,330 |
| 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 | $26,330 |
| Total Program Service Revenue | $0 |
| Investment income | $2,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,926 |
| Net Income from Fundraising Events | -$889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,859 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,713 |
| Advertising and promotion | $0 |
| Office expenses | $1,141 |
| 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 | $7,184 |
| All other expenses | $15 |
| Total functional expenses | $318,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,834 |
| Savings and temporary cash investments | $0 |
| 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 | $8,501 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,924,490 |
| Total assets | $11,960,825 |
| Accounts payable and accrued expenses | $109,824 |
| 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 | $113,389 |
| Total liabilities | $223,213 |
| Net assets without donor restrictions | $35,949 |
| Net assets with donor restrictions | $11,701,663 |
| 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 | $11,960,825 |
Grants Awarded
Over the last fiscal year, Methodist Hospital Fdn has awarded $234,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTINIAN DEF OF THE RIGHTS OF THE POOR PURPOSE: PROGRAM SUPPORT | $10,000 |
CAMBODIAN ASSOC OF GREATER PHILADELPHIA PURPOSE: PROGRAM SUPPORT | $10,000 |
CARING PEOPLE ALLIANCE PURPOSE: GENERAL SUPPORT | $15,000 |
CHILDRENS SCHOLARSHIP FUND PHILADELPHIA PURPOSE: PROGRAM SUPPORT | $10,000 |
DISCOVERY PATHWAYS PURPOSE: GENERAL SUPPORT | $9,500 |
FRIENDS OF FDR PARK PURPOSE: PROGRAM SUPPORT | $10,000 |