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Nonprofiteer
← PENN FOUNDATION INC

Form 990 for tax year 2023

Filed by PENN FOUNDATION INC.

Totals

Total revenue
$30,316,572
Total expenses
$33,234,593
Contributions and grants received
$3,183,740
Grants paid
$21,850
Program service revenue
$27,091,817
Investment income
$8,079
Other revenue
$32,936
Total assets, end of year
$26,161,198
Total liabilities, end of year
$11,580,340
Net assets or fund balances, end of year
$14,580,858
Program services expenses (Part IX)
$30,803,421
Management and general expenses
$2,431,172
Fundraising expenses
$0
Program service expenses (Part III)
$30,803,421

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $63,099

  • 1e · Government grants (contributions)

    $2,761,092

  • 1f · All other contributions, gifts and grants

    $359,549

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $26,772,929 · related or exempt $26,772,929

  • 2b · Program service revenue: OTHER HEALTHCARE RELATED REVENUE

    total $288,888 · related or exempt $288,888

  • 2c · Program service revenue: RENTAL INCOME FROM AFFILIATES

    total $30,000 · related or exempt $30,000

  • 3 · Investment income

    total $8,079 · excluded $8,079

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $32,936

  • 6c · Rental income or loss

    real property $32,936 · personal property $0

  • 6d · Net rental income or loss

    total $32,936 · excluded $32,936

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $21,157

  • 8a · Fundraising events: contributions included on line 1c

    $63,099

  • 8b · Fundraising events: direct expenses

    $21,157

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500 · program services $500

  • 2 · Grants to domestic individuals

    total $21,350 · program services $21,350

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $50,675 · program services $46,966 · management and general $3,709

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $238 · program services $221 · management and general $17

  • 13 · Office expenses

    total $826,087 · program services $765,617 · management and general $60,470

  • 14 · Information technology

    total $187,629 · program services $173,895 · management and general $13,734

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $790,472 · program services $732,609 · management and general $57,863

  • 17 · Travel

    total $285,278 · program services $264,396 · management and general $20,882

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $13,448 · program services $12,464 · management and general $984

  • 20 · Interest

    total $164,714 · program services $152,657 · management and general $12,057

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,198,924 · program services $1,111,163 · management and general $87,761

  • 23 · Insurance

    total $129,961 · program services $120,448 · management and general $9,513

  • 24a · Other expenses: ALLOCATION OF PERSONNEL COSTS

    total $26,311,197 · program services $24,385,217 · management and general $1,925,980

  • 24b · Other expenses: PURCHASED SERVICES

    total $1,608,812 · program services $1,491,047 · management and general $117,765

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $571,868 · program services $530,007 · management and general $41,861

  • 24d · Other expenses: REPAIR & MAINTENANCE

    total $268,145 · program services $248,517 · management and general $19,628

  • 24e · All other expenses

    total $805,295 · program services $746,347 · management and general $58,948

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,694,442 · end of year $3,939,051

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $3,552,453 · end of year $1,981,537

  • 4 · Accounts receivable

    beginning of year $2,396,493 · end of year $2,722,605

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,043 · end of year $150,111

  • 10a · Land, buildings and equipment: cost or other basis

    $19,506,467

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,583,040

  • 10c · Land, buildings and equipment, net

    beginning of year $16,937,752 · end of year $15,923,427

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $387,002 · end of year $336,051

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,410,484 · end of year $1,108,416

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,737,172 · end of year $1,855,247

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,103,915 · end of year $38,163

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $5,384,300 · end of year $4,980,852

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,068,636 · end of year $4,706,078

  • 27 · Net assets without donor restrictions

    beginning of year $15,240,290 · end of year $12,263,370

  • 28 · Net assets with donor restrictions

    beginning of year $3,939,356 · end of year $2,317,488

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO INSTILL HOPE, INSPIRE CHANGE, AND BUILD COMMUNITY. IN ADDITION, THE ORGANIZATION IS AN AFFILIATE WITHIN ST. LUKE'S UNIVERSITY HEALTH NETWORK ("NETWORK"); A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY NETWORK. ST. LUKE'S HEALTH NETWORK, INC. IS THE TAX-EXEMPT PARENT ENTITY OF THE NETWORK. THE NETWORK'S MISSION IS TO CARE FOR THE SICK AND INJURED REGARDLESS OF THEIR ABILITY TO PAY, IMPROVE OUR COMMUNITIES' OVERALL HEALTH, AND EDUCATE OUR HEALTH CARE PROFESSIONALS. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Activities or mission (Part I)

TO INSTILL HOPE, INSPIRE CHANGE, AND BUILD COMMUNITY.

  • EXPENSES INCURRED IN PROVIDING BEHAVIORAL HEALTH SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. FOR ADDITIONAL INFORMATION, PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

    Expenses $30,803,421 · Grants $21,850 · Revenue $27,091,817

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wayne A Mugrauer MPA

    President - Penn Foundation

    Total calculated
    $392,299
    From this org
    $0
    From related orgs
    $383,685
    Other
    $8,614
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $297,621 related
    Bonus
    $0 + $80,493 related
    Other
    $0 + $5,571 related
    Deferred
    $0 + $8,250 related
    Nontaxable benefits
    $0 + $364 related
    Filer's total
    $0 + $392,299 related

  • Tara J Koehnlein CPA MBA

    Trustee

    Total calculated
    $383,947
    From this org
    $0
    From related orgs
    $343,133
    Other
    $40,814
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $253,010 related
    Bonus
    $0 + $69,333 related
    Other
    $0 + $20,790 related
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $17,714 related
    Filer's total
    $0 + $383,947 related

  • Gibson George MD

    Medical Director

    Total calculated
    $335,789
    From this org
    $0
    From related orgs
    $296,914
    Other
    $38,875
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $296,478 related
    Bonus
    $0
    Other
    $0 + $436 related
    Deferred
    $0 + $7,618 related
    Nontaxable benefits
    $0 + $31,257 related
    Filer's total
    $0 + $335,789 related

  • Ronald Souder MD

    Chair - Trustee

    Total calculated
    $0
    Hours/week
    1

  • H Bruce Detweiler CPA

    Treasurer - Trustee

    Total calculated
    $0
    Hours/week
    1

  • Elise Lamarra MS RN

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Charles Amuso EdD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Donald E Kraybill PhD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Patrick Murphy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dennis D Pfeiger Jr

    Trustee

    Total calculated
    $0
    Hours/week
    55

  • Chhaya Sanathara MBA

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey M Schweitzer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dorothy K Weik-Hange Esq

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dale Westwood

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Frank Ford

    Trustee (Term 1/1/24)

    Total calculated
    $0
    Hours/week
    55

  • Scott R Wolfe

    Chief Financial Officer

    Total calculated
    $0
    Hours/week
    55

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

CORE FORM, PART VII AND SCHEDULE J
TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2023 FORMS W-2.
SCHEDULE J, PART I; QUESTION 3
COMPENSATION REVIEW ------------------- EXECUTIVE COMPENSATION FOR THE HEALTH NETWORK CONSISTS OF FIXED SALARY, AT-RISK COMPENSATION AND OTHER DEFERRED COMPENSATION ARRANGEMENTS. TOTAL COMPENSATION FOR NETWORK EXECUTIVES IS APPROVED ANNUALLY BY THE NETWORK'S BOARD OF TRUSTEES. THE RECOMMENDED COMPENSATION IS ESTABLISHED THROUGH A MULTI-FACETED APPROACH INCLUDING USE OF AN INDEPENDENT CONSULTANT ENGAGED ON AN ONGOING BASIS BY THE BOARD OF TRUSTEES AND WHO WORKS DIRECTLY WITH THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD. ALSO INCLUDED IS THE REVIEW OF FORMS 990 AND COMPENSATION SURVEYS OF OTHER COMPARABLE HEALTHCARE ORGANIZATIONS. BONUS/INCENTIVE --------------- THE AT-RISK COMPENSATION IS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD AND IS BASED ON SEVERAL QUALITATIVE AND QUANTITATIVE COMPONENTS, INCLUDING JOINT COMMISSION, PENNSYLVANIA DEPARTMENT OF HEALTH AND PENNSYLVANIA TRAUMA SYSTEMS FOUNDATION ACCREDITATIONS, EVIDENCE-BASED HOSPITAL PROCESS OF CARE MEASURES, OUTCOME MEASURES, SUCH AS PATIENT SATISFACTION, MORTALITY RATE, AND LENGTH OF STAY; EFFICIENCY MEASURES AS DEMONSTRATED BY COST-PER-ADJUSTED DISCHARGE AND NET INCOME. OTHER REPORTABLE COMPENSATION ----------------------------- OTHER BENEFITS INCLUDE DEFERRED COMPENSATION BENEFITS THAT HAD ACCUMULATED OVER YEARS OF SERVICE AND WAS REPORTED AND DISTRIBUTED IN ACCORDANCE WITH VESTING REQUIREMENTS AND INTERNAL REVENUE SERVICE RULES AND REGULATIONS. DEFERRED COMPENSATION --------------------- DEFERRED COMPENSATION REPRESENTS RETIREMENT BENEFITS EARNED DURING THE REPORTING PERIOD, NOT RECOGNIZED AS COMPENSATION ON THE EMPLOYEE'S 2023 FORM W-2. NONTAXABLE BENEFITS ------------------- NONTAXABLE BENEFITS REPRESENTS HEALTH AND WELFARE BENEFITS RECEIVED DURING THE REPORTING PERIOD, NOT RECOGNIZED AS COMPENSATION ON THE EMPLOYEE'S 2023 FORM W-2. COMPENSATION REPORTED ON PRIOR 990 ---------------------------------- TOTAL COMPENSATION REPORTED ON PRIOR FORMS 990 REPRESENTS RECOGNITION OF DEFERRED COMPENSATION BENEFITS THAT HAD ACCUMULATED OVER YEARS OF SERVICE AND WAS REPORTED AND DISTRIBUTED IN ACCORDANCE WITH VESTING REQUIREMENTS AND INTERNAL REVENUE SERVICE RULES AND REGULATIONS. THESE AMOUNTS WERE PREVIOUSLY REPORTED IN SCHEDULE J, COLUMN C - RETIREMENT AND OTHER DEFERRED COMPENSATION.
SCHEDULE J, PART I; QUESTIONS 6A AND 6B
THE EXECUTIVE COMPENSATION PACKAGE FOR THE HEALTH NETWORK CONSISTS OF BOTH A FIXED SALARY AND ADDITIONAL AT-RISK COMPENSATION THAT IS BASED ON SEVERAL QUALITATIVE AND QUANTITATIVE COMPONENTS. THE COMPONENTS OF THE AT-RISK COMPENSATION PLAN INCLUDES JCAHO, DEPARTMENT OF HEALTH AND TRAUMA CENTER ACCREDITATIONS, EVIDENCE BASED HOSPITAL PROCESS OF CARE MEASURES, OUTCOME MEASURES SUCH AS PATIENT SATISFACTION, MORTALITY RATE, LENGTH OF STAY, EFFICIENCY MEASURES AS DEMONSTRATED BY COST PER ADJUSTED DISCHARGE AND FINALLY NET INCOME.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS COMPENSATION DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN THE INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SH ASSISTED LIVING

    MEDICAL · PA

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ST LUKE'S HEALTH NETWORK INSURANCE COMP

    C CORP. · FINANCIAL VEHICLE · VT

    Directly controlled by NA

  • ST LUKE'S PHYSICIAN HOSPITAL ORG INC

    C CORP. · HEALTHCARE SVCS. · PA

    Directly controlled by NA

  • HILLCREST EMERGENCY SERVICES PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • TWO RIVERS ENTERPRISES INC

    C CORP. · REAL ESTATE · NJ

    Directly controlled by NA

  • ST LUKE'S WARREN PHYSICIAN GROUP PC

    C CORP. · HEALTHCARE SVCS. · NJ

    Directly controlled by NA

  • SACRED HEART ANCILLARY SERVICES INC

    C CORP. · HEALTHCARE SVCS. · PA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501269349303265

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