Bryn Mawr Hospital Foundation
- Assets
- $102.0m
- Revenue
- $12.9m
- Investments
- $78.8m
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 11/1986
- Data as of
- 06/2021
- EIN
- 23-2179020
Organization Overview
Bryn Mawr Hospital Foundation is located in Bryn Mawr, PA. The organization was established in 1986. 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. Bryn Mawr Hospital 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 06/2021, Bryn Mawr Hospital Foundation generated $12.9m 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 (3.6%) each year. All expenses for the organization totaled $8.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) 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
PROVIDES FUNDRAISING AND DEVELOPMENT ACTIVITIES TO SUPPORT MAIN LINE HOSPITALS, INC. - BRYN MAWR HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES CONSIST OF FUNDS DISBURSED IN SUPPORT OF MAIN LINE HOSPITALS, INC. - BRYN MAWR HOSPITAL IN ACCORDANCE WITH DONOR INTENT; E.G. COMMUNITY EDUCATION, RESEARCH, FREE CARE, CAPITAL PURCHASES, AND SUPPORT FOR OTHER HOSPITAL PROGRAMS, SUCH AS WOMEN'S HEALTH, ONCOLOGY, PEDIATRICS, AND COMMUNITY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Gilbert Until 122020 President & Ex-Officio Trustee | OfficerTrustee | 1 | $0 |
John T Schwarz Start 12021 President & Ex-Officio Trustee | OfficerTrustee | 1 | $0 |
Susan Selverian Trustee, Chairman | OfficerTrustee | 1 | $0 |
Jeffrey Wise Treasurer | Officer | 1 | $0 |
Rosemary Bongiorno Secretary | Officer | 1 | $0 |
Michael Criscuolo Executive Director | Officer | 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 | $7,607,505 |
| Noncash contributions included in lines 1a–1f | $580,958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,607,505 |
| Total Program Service Revenue | $0 |
| Investment income | $5,116,673 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $198,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,922,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,889,287 |
| 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 | $183,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $1,254,683 |
| Total functional expenses | $8,326,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,261,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,792,056 |
| Accounts receivable, net | $1,899,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,664 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $470 |
| Investments—publicly traded securities | $10,273,456 |
| Investments—other securities | $78,796,463 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,040,001 |
| Accounts payable and accrued expenses | $163,773 |
| 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 | $97,278 |
| Total liabilities | $261,051 |
| Net assets without donor restrictions | $55,532,047 |
| Net assets with donor restrictions | $46,246,903 |
| 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 | $102,040,001 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bryn Mawr Hospital Foundation has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Barbara Brodsky Foundation Haverford, PA PURPOSE: TO FURTHER PUBLIC SERVICE | $40,000 |
Jts Foundation Berwyn, PA PURPOSE: CHARITABLE ACTIVITIES | $30,000 |
Nerney Family Foundation Wayne, PA PURPOSE: UNRESTRICTED CONTRIB TO CHARITY (COMMUNITY) | $25,000 |
Endowment Analysis
| Beg. Balance | $17,404,675 |
| Net Contributions | $592,219 |
| Ending Balance | $17,996,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Messer & Sons Construction Co Health Care Trust Agreement Cincinnati, OH | $1,608,604 | $18,730,323 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Carpenters Health Fund Of West Virginia Ona, WV | $33,945,838 | $18,485,815 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Jhsi Inc Cincinnati, OH | $218,143,713 | $11,934,726 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
Akron Childrens Hospital Foundation Akron, OH | $226,447,307 | $32,651,405 |
Bethesda Inc Cincinnati, OH | $187,938,288 | $2,121,549 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |