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Nonprofiteer
← RIDDLE HEALTHCARE FOUNDATION

Form 990 for tax year 2022

Filed by RIDDLE HEALTHCARE FOUNDATION.

Totals

Total revenue
$8,585,993
Total expenses
$7,068,387
Contributions and grants received
$4,154,656
Grants paid
$5,956,438
Program service revenue
$0
Investment income
$3,510,934
Other revenue
$920,403
Total assets, end of year
$66,873,218
Total liabilities, end of year
$615,488
Net assets or fund balances, end of year
$66,257,730
Program services expenses (Part IX)
$5,956,438
Management and general expenses
$124,262
Fundraising expenses
$987,687
Program service expenses (Part III)
$5,956,438

Program services were 84.3% 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.

  • 1f · All other contributions, gifts and grants

    $4,154,656

  • 1g · Noncash contributions included above

    $11,952

  • 3 · Investment income

    total $1,312,578 · excluded $1,312,578

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $952,871

  • 6c · Rental income or loss

    real property $952,871 · personal property $0

  • 6d · Net rental income or loss

    total $952,871 · excluded $952,871

  • 7a · Gross sales of assets other than inventory

    other assets $5,000,000

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

    other assets $2,801,644

  • 7c · Gain or loss

    other assets $2,198,356

  • 7d · Net gain or loss

    total $2,198,356 · excluded $2,198,356

  • 8a · Fundraising events: gross income

    $71,751

  • 8b · Fundraising events: direct expenses

    $104,219

  • 8c · Net income from fundraising events

    total -$32,468 · excluded -$32,468

  • 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 $5,956,438 · program services $5,956,438

  • 2 · Grants to domestic individuals

    total $0

  • 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 $124,262 · management and general $124,262

  • 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 $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: DEVELOPMENT COSTS

    total $987,687 · fundraising $987,687

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,002,053 · end of year $2,690,756

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,382,164 · end of year $3,078,557

  • 4 · Accounts receivable

    beginning of year $167,268 · end of year $159,717

  • 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 $30,290 · end of year $26,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $10,204,000

  • 10c · Land, buildings and equipment, net

    beginning of year $12,804,000 · end of year $10,204,000

  • 11 · Investments: publicly traded securities

    beginning of year $5,037,340 · end of year $7,275,003

  • 12 · Investments: other securities

    beginning of year $39,568,211 · end of year $39,238,944

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,059,151 · end of year $4,200,240

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,675,916 · end of year $237,124

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $402,860 · end of year $378,364

  • 27 · Net assets without donor restrictions

    beginning of year $21,739,156 · end of year $24,158,239

  • 28 · Net assets with donor restrictions

    beginning of year $42,232,545 · end of year $42,099,491

Mission and programs · 2022

Mission

PROVIDES FUNDRAISING AND DEVELOPMENT ACTIVITIES TO SUPPORT RIDDLE MEMORIAL HOSPITAL.

  • EXPENSES CONSIST OF FUNDS DISBURSED in support of Riddle Memorial Hospital IN ACCORDANCE WITH DONOR INTENT; E.G. COMMUNITY EDUCATION, CAPITAL PURCHASES, AND SUPPORT FOR OTHER HOSPITAL PROGRAMS, SUCH AS WOMEN'S HEALTH, ONCOLOGY, AND COMMUNITY HEALTH.

    Expenses $5,956,438 · Grants $5,956,438

As filed on the 2022 return.

Listed in Part VII

  • SHELLY BUCK

    PRESIDENT & EX-OFFICIO TRUSTEE

    Total calculated
    $788,735
    From this org
    $0
    From related orgs
    $617,419
    Other
    $171,316
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $507,797 related
    Bonus
    $0 + $101,180 related
    Other
    $0 + $8,442 related
    Deferred
    $0 + $140,557 related
    Nontaxable benefits
    $0 + $30,759 related
    Filer's total
    $0 + $788,735 related

  • DANIEL R GREEN

    ASST SECRETARY

    Total calculated
    $174,121
    From this org
    $0
    From related orgs
    $163,534
    Other
    $10,587
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,520 related
    Bonus
    $0 + $14,014 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,587 related
    Filer's total
    $0 + $174,121 related

  • DONALD P SALESKI

    CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KELLY CONLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THERESA F MURTAGH ESQ

    SECRETARY & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD D WOOD III

    VICE CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN FEEHERY MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM H CLINGER III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN WILBUR COYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARY JO GROVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID HACKETT ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM J O'SHEA

    TREASURER & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NATALIE H RAMSEY ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER F SHARKEY MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL B MAGNAVITA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN C MUNSHOWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SEAN WRIGHT MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ABBY SACUNAS ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA DETWILER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIA DOYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS GAUDIOSI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK GAUDIOSI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AKOSUA WATTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE WHITE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARBARA MADDEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Colleen M Arnold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda H Ciavarelli DMP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNE MEEHAN

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ENRIQUE JOSEPHS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 4B
SERP DISCLOSURE: Main Line Health, Inc. ("MLH") and its Affiliates provided supplemental retirement benefits through established Supplemental Executive Retirement Plans ("SERP") to select members of Senior Leadership in FY23. SERP benefits funded by MLH are subject to vesting and employment date requirements and are paid out at the conclusion of a predetermined performance period. A performance period is a timeframe of at least twelve months that may cover varying lengths of time for each individual employee. BENEFITS for participants vested in a plan were reported in Schedule J, Part II, Column (B)(III) and benefits for participants not yet vested in a plan were reported in Schedule J, Part II, Column (C).
FORM 990, SCHEDULE J, PART I, LINE 7
THE COMPENSATION OF THE CEO, EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND OTHER SENIOR EXECUTIVES DID INCLUDE A NON-FIXED COMPONENT PAYMENT OF COMPENSATION BASED UPON PRE-ESTABLISHED QUALITY, PATIENT SAFETY, AND FINANCIAL TARGETS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE APPROPRIATENESS OF THE TARGETS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS DECISIONS AND REPORTS TO THE FULL BOARD OF GOVERNORS WHO REVIEW THE COMPENSATION DECISIONS. PAYMENTS ARE MADE TO THE APPROPRIATE INDIVIDUALS BY THE ORGANIZATION WITHIN WHICH THOSE INDIVIDUALS RESIDE FOR PAYROLL REPORTING PURPOSES.

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

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411359349310841

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