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Nonprofiteer
← MOUNT NITTANY MEDICAL CENTER

Form 990 for tax year 2023

Filed by MOUNT NITTANY MEDICAL CENTER.

Totals

Total revenue
$790,930
Total expenses
$751,640
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$760,794
Investment income
$30,136
Other revenue
$0
Total assets, end of year
$1,652,597
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,652,597
Program services expenses (Part IX)
$751,640
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$751,640

Program services were 100.0% 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.

  • 2a · Program service revenue: FUNDING CONTRIBUTION

    total $760,794 · related or exempt $760,794

  • 3 · Investment income

    total $30,136 · excluded $30,136

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $14,951 · program services $14,951

  • 11f · Fees: investment management

    total $10,000 · program services $10,000

  • 24a · Other expenses: CLAIM PAYMENTS

    total $726,689 · program services $726,689

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $314,623 · end of year $220,838

  • 11 · Investments: publicly traded securities

    beginning of year $1,265,255 · end of year $1,431,759

  • 27 · Net assets without donor restrictions

    beginning of year $1,579,878 · end of year $1,652,597

Mission and programs · 2023

Mission

TO PROVIDE WORKER'S COMPENSATION BENEFITS TO EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER AT A LOWER COST THAN IS OTHERWISE AVAILABLE.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE WORKER'S COMPENSATION BENEFITS.

  • PROVIDED WORKER'S COMPENSATION BENEFITS TO EMPLOYEES OF MOUNT NITTANY MEDICAL CENTER AT A LOWER COST THAN IS OTHERWISE AVAILABLE.

    Expenses $751,640 · Revenue $760,794

As filed on the 2023 return.

Listed in Part VII

  • First National Trust Company

    TRUSTEE

    Total calculated
    $27,303
    From this org
    $27,303
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2025
IRS schema version
2023v6.0
Source object
202501349349302105

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