Totals
- Total revenue
- $1,050,967
- Total expenses
- $1,646,140
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,047,152
- Investment income
- $1,658
- Other revenue
- $2,157
- Total assets, end of year
- $8,011,190
- Total liabilities, end of year
- $426,013
- Net assets or fund balances, end of year
- $7,585,177
- Program services expenses (Part IX)
- $595,172
- Management and general expenses
- $1,050,968
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $595,172
Program services were 36.2% 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: PARTICIPANT LEASE PERMIT REVENUE
total $1,047,152 · related or exempt $1,047,152 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,658 · excluded $1,658
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
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
-
11a · Other revenue: ELECTRIC CAR CHARGING
total $2,157 · related or exempt $2,157 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,157
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $857,273 · management and general $857,273
-
11b · Fees: legal
total $108,084 · management and general $108,084 · fundraising $0
-
11c · Fees: accounting
total $0
-
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 $595,172 · program services $595,172
-
23 · Insurance
total $42,862 · management and general $42,862
-
24a · Other expenses: UTILITIES
total $41,434 · management and general $41,434
-
24b · Other expenses: FACILITY IMPROVEMENT EXPENSE
total $1,265 · management and general $1,265
-
24c · Other expenses: BANK FEES
total $50 · management and general $50
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150,153 · end of year -$56,285
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $197,213 · end of year $472,181
-
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 $13,672 · end of year $15,137
-
10a · Land, buildings and equipment: cost or other basis
$20,929,081
-
10b · Land, buildings and equipment: accumulated depreciation
$13,601,736
-
10c · Land, buildings and equipment, net
beginning of year $7,574,222 · end of year $7,327,345
-
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 $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $348,021 · end of year $252,812
-
17 · Accounts payable and accrued expenses
beginning of year $145,553 · end of year $426,013
-
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 $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $8,137,728 · end of year $7,585,177
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
PGH DEVELOPMENT CORPORATION (PGHDC) IS A PENNSYLVANIA NON PROFIT CORPORATION THAT SUPPORTS THE HEALTH AND EDUCATIONAL ACTIVITIES OF THE UNIVERSITY OF PENNSYLVANIA AND THE CHILDREN'S HOSPITAL OF PHILADELPHIA. PGHDC PROVIDES SUPPORT TO THESE ACTIVITIES BY DEVELOPING, MAINTAINING AND IMPROVING ACCESS, PARKING, OPEN AREAS AND FACILITIES UTILIZED IN COMMON BY THESE ORGANIZATIONS.
Expenses $595,172 · Revenue $1,049,309
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Douglas HockDOUGLAS HOCK
VICE PRESIDENT
- Total calculated
- $2,084,313
- From this org
- $0
- From related orgs
- $2,012,264
- Other
- $72,049
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $1,091,761 related
- Bonus
- $0 + $724,563 related
- Other
- $0 + $195,940 related
- Deferred
- $0 + $22,100 related
- Nontaxable benefits
- $0 + $49,949 related
- Filer's total
- $0 + $2,084,313 related
-
Craig CarnaroliCRAIG CARNAROLI
PRESIDENT
- Total calculated
- $1,614,402
- From this org
- $0
- From related orgs
- $1,215,237
- Other
- $399,165
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $708,484 related
- Bonus
- $0
- Other
- $0 + $506,753 related
- Deferred
- $0 + $369,775 related
- Nontaxable benefits
- $0 + $29,390 related
- Filer's total
- $0 + $1,614,402 related
-
Jeffrey KahnJEFFREY KAHN
FORMER TREASURER
- Total calculated
- $1,566,924
- From this org
- $0
- From related orgs
- $1,499,261
- Other
- $67,663
- Hours/week
- 0 + 46 related
Schedule J breakdown matched by us
- Base
- $0 + $815,832 related
- Bonus
- $0 + $543,743 related
- Other
- $0 + $139,686 related
- Deferred
- $0 + $31,360 related
- Nontaxable benefits
- $0 + $36,303 related
- Filer's total
- $0 + $1,566,924 related
-
Lee Dobkin EsqLEE DOBKIN ESQ
FORMER SECRETARY
- Total calculated
- $992,866
- From this org
- $0
- From related orgs
- $936,343
- Other
- $56,523
- Hours/week
- 0 + 46 related
Schedule J breakdown matched by us
- Base
- $0 + $756,295 related
- Bonus
- $0 + $164,838 related
- Other
- $0 + $15,210 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $23,523 related
- Filer's total
- $0 + $992,866 related
-
Anne PapageorgeANNE PAPAGEORGE
SECRETARY
- Total calculated
- $782,380
- From this org
- $0
- From related orgs
- $707,284
- Other
- $75,096
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $561,631 related
- Bonus
- $0 + $141,500 related
- Other
- $0 + $4,153 related
- Deferred
- $0 + $56,750 related
- Nontaxable benefits
- $0 + $18,346 related
- Filer's total
- $0 + $782,380 related
-
Donald MooreDONALD MOORE
TREASURER
- Total calculated
- $697,469
- From this org
- $0
- From related orgs
- $671,441
- Other
- $26,028
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $428,826 related
- Bonus
- $0 + $211,656 related
- Other
- $0 + $30,959 related
- Deferred
- $0 + $22,100 related
- Nontaxable benefits
- $0 + $3,928 related
- Filer's total
- $0 + $697,469 related
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
- 4b · Supplemental nonqualified retirement plan
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- FORM 990, SCHEDULE J, PART I, LINE 4B
- DOUGLAS HOCK - $175,006 JEFFREY KAHN - $115,473 ANNE PAPAGEORGE - $23,750 DONALD MOORE - $23,664
- SCHEDULE J, PART II, COLUMN (C)
- THE AMOUNT REPORTED HERE MAY INCLUDE CHANGES IN ACTUARIAL VALUES OF SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") AS REQUIRED TO BE REPORTED BY THE IRS.
- SCHEDULE J, PART II
- THE INDIVIDUALS LISTED IN PART VII ARE W-2 EMPLOYEES OF EITHER THE UNIVERSITY OF PENNSYLVANIA OR THE CHILDREN'S HOSPITAL OF PHILADELPHIA, BOTH OF WHICH ARE RELATED ORGANIZATIONS. COMPENSATION REPORTED MAY INCLUDE COMPENSATION FOR SERVICES TO OTHER RELATED ORGANIZATIONS. SEE FORM 990, PART VII FOR INFORMATION REGARDING THE AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS.
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.
-
TRUSTEES OF UNIVERSITY OF PENNSYLVANIA
501(c)(3) · EDUCATION · PA
Directly controlled by NA
-
THE CHILDREN'S HOSPITAL OF PHILADELPHIA
501(c)(3) · HEALTHCARE · PA
Directly controlled by CHOP FND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501269349301780
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