Medical Legacy Fund
- Assets
- $521.8k
- Revenue
- $22.3k
- Investments
- $386.0k
- Employees
- 0
- Location
- Mechanicsburg, PA
- Founding
- 08/1992
- Data as of
- 12/2020
- EIN
- 25-1672047
Organization Overview
Medical Legacy Fund is located in Mechanicsburg, PA. The organization was established in 1992. 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. Medical Legacy Fund 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 12/2020, Medical Legacy Fund generated $22.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $4.1k during the year ending 12/2020. While expenses have increased by 2.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY TO ACCEPT CONTRIBUTIONS THAT ARE DEFERRED IN NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED FOR THE EXCLUSIVE BENEFIT OF THE FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY TO SERVE AS A VEHICLE FOR ACCEPTING CONTRIBUTIONS THAT ARE DEFERRED IN NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather A Wilson Msw Cfre Cae President | OfficerTrustee | 1 | $0 |
Tiffany Booher Malpccaadccipccsm Secretary | OfficerTrustee | 1 | $0 |
William J West Jr MD Director | Trustee | 0.5 | $0 |
William R Dewar III MD Director | Trustee | 0.5 | $0 |
Daniel B Kimball Jr MD Macp Director | Trustee | 0.5 | $0 |
Donna Baver Rovito Director | 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 | $12,160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,340 |
| 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 | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,083 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19 |
| 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 | $0 |
| Total functional expenses | $4,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,588 |
| 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 | $16 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $385,989 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $130,179 |
| Total assets | $521,772 |
| Accounts payable and accrued expenses | $2,107 |
| 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 | $163,735 |
| Total liabilities | $165,842 |
| Net assets without donor restrictions | $325,610 |
| Net assets with donor restrictions | $30,320 |
| 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 | $521,772 |
Endowment Analysis
| Beg. Balance | $47,058 |
| Earnings | -$16,738 |
| Ending Balance | $30,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Lukes Foundation Of Cleveland Ohio Cleveland, OH | $236,017,036 | $24,076,221 |
The Foundation For Delaware County Media, PA | $70,292,526 | $12,697,458 |
Potomac Healthcare Foundation Baltimore, MD | $18,480,223 | $9,146,627 |
St Francis Research And Educational Corporation Roslyn, NY | $9,987,779 | $6,062,261 |
New York City Retirees Health & Welfare Fund Lynbrook, NY | $40,321,331 | $11,937,808 |
Cooper Health Systems Camden, NJ | $99,186,980 | $12,310,432 |
Friends Of Indus Hospital Inc Teaneck, NJ | $6,718,451 | $9,579,244 |
Salem Physician Practices Pc Salem, NJ | $930,256 | $3,417,456 |
Agma Health Fund New York, NY | $16,660,760 | $8,070,955 |
Bryn Mawr Hospital Foundation Bryn Mawr, PA | $102,040,001 | $12,922,519 |
United Food And Commercial Workers Union Local 227 & Employees Health Dayton, OH | $0 | $8,062,923 |
Hunterdon Healthcare System Inc Flemington, NJ | $3,951,978 | $7,578,810 |