Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $15,000

• 1c · Fundraising events

  $660,847

• 1f · All other contributions, gifts and grants

  $10,723,445

• 1g · Noncash contributions included above

  $69,547

• 3 · Investment income

  total $603 · excluded $603

• 7a · Gross sales of assets other than inventory

  securities $5,499,716

• 7b · Less cost or other basis and sales expenses

  securities $5,610,800

• 7c · Gain or loss

  securities -$111,084

• 7d · Net gain or loss

  total -$111,084 · excluded -$111,084

• 8a · Fundraising events: gross income

  $66,353

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

  $660,847

• 8b · Fundraising events: direct expenses

  $116,829

• 8c · Net income from fundraising events

  total -$50,476 · excluded -$50,476

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,058,285 · program services $4,058,285

• 5 · Compensation of officers, directors and key employees

  total $255,860 · fundraising $255,860

• 7 · Other salaries and wages

  total $511,479 · fundraising $511,479

• 9 · Other employee benefits

  total $102,954 · fundraising $102,954

• 10 · Payroll taxes

  total $45,357 · fundraising $45,357

• 11a · Fees: management

  total $166,643 · management and general $166,643

• 11c · Fees: accounting

  total $16,892 · management and general $16,892

• 11f · Fees: investment management

  total $23,205 · management and general $23,205

• 11g · Fees: other

  total $8,431 · management and general $8,431

• 12 · Advertising and promotion

  total $80,617 · fundraising $80,617

• 13 · Office expenses

  total $32,402 · management and general $28,525 · fundraising $3,877

• 14 · Information technology

  total $93,275 · fundraising $93,275

• 19 · Conferences, conventions and meetings

  total $4,949 · fundraising $4,949

• 24a · Other expenses: FOOD SUPPLIES

  total $18,755 · fundraising $18,755

• 24b · Other expenses: SPECIAL EVENTS

  total $16,719 · fundraising $16,719

• 24c · Other expenses: MISCELLANEOUS

  total $6,890 · fundraising $6,890

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $4,329 · fundraising $4,329

• 24e · All other expenses

  total $22 · fundraising $22

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $4,086,236 · end of year $1,986,470

• 3 · Pledges and grants receivable

  beginning of year $1,818,156 · end of year $2,442,184

• 4 · Accounts receivable

  end of year $20

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

  $13,500

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

  $13,500

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $67,724 · end of year $57,506

• 12 · Investments: other securities

  beginning of year $18,284,766 · end of year $28,525,237

• 17 · Accounts payable and accrued expenses

  beginning of year $65,147 · end of year $108,492

• 25 · Other liabilities

  beginning of year $201,237 · end of year $191,188

• 27 · Net assets without donor restrictions

  beginning of year $13,609,226 · end of year $16,477,102

• 28 · Net assets with donor restrictions

  beginning of year $10,381,272 · end of year $16,234,635

The filer's explanations (Part III)

PART I, LINE 3

THE CEO IS AN EMPLOYEE OF MOUNT NITTANY MEDICAL CENTER ("MNMC"). MNMC USES ALL OF THE METHODS UNDER LINE 3 OTHER THAN REVIEWING 990S OF OTHER ORGANIZATIONS TO ESTABLISH COMPENSATION.

PART I, LINES 4A-B

THE FORMER CEO, LANCE ROSE, RECEIVED A NONQUALIFIED RETIREMENT PLAN PAYMENT OF $14,721 DURING THE CALENDAR YEAR. THE FOLLOWING PARTICIPATE IN A 457(F) NON-QUALIFIED RETIREMENT PLAN WITH CONTRIBUTIONS MADE DURING THE CALENDAR YEAR: KATHLEEN RHINE - $161,875 BRYAN ROACH - $90,399

PART I, LINE 7

THE EXECUTIVE TEAM MEMBERS OF MOUNT NITTANY MEDICAL CENTER AND THE MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES (D/B/A MOUNT NITTANY PHYSICIAN GROUP) EXECUTIVE DIRECTOR RECEIVED A PORTION OF THEIR ANNUAL VARIABLE-PAY BASED UPON THE CONSOLIDATED OPERATING MARGIN, MOUNT NITTANY MEDICAL CENTER HEALTH SERVICES' (D/B/A MOUNT NITTANY PHYSICIAN GROUP) OPERATING MARGIN, CONTRIBUTIONS, AND OTHER CORPORATE GOALS. THE CORPORATE GOALS FOCUSED ON (1) PROVIDING LOCALIZED CARE, INTEGRATED CARE, EFFICIENT CARE, AND ALIGNED CARE; (2) FINANCE; (3) QUALITY/PATIENT SAFETY; AND (4) THE WORK ENVIRONMENT.