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← DOYLESTOWN HEALTH FOUNDATION

Form 990 for tax year 2023

Filed by DOYLESTOWN HEALTH FOUNDATION.

Totals

Total revenue
$6,711,170
Total expenses
$2,719,428
Contributions and grants received
$4,511,165
Grants paid
$1,045,500
Program service revenue
$0
Investment income
$2,153,899
Other revenue
$46,106
Total assets, end of year
$81,534,314
Total liabilities, end of year
$346,513
Net assets or fund balances, end of year
$81,187,801
Program services expenses (Part IX)
$2,282,030
Management and general expenses
$437,398
Fundraising expenses
$0
Program service expenses (Part III)
$2,282,030

Program services were 83.9% 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

    $78,720

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $4,332,445

  • 1g · Noncash contributions included above

    $517,040

  • 3 · Investment income

    total $1,808,239 · unrelated business -$11,242 · excluded $1,819,481

  • 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

  • 7a · Gross sales of assets other than inventory

    securities $345,660

  • 7c · Gain or loss

    securities $345,660

  • 7d · Net gain or loss

    total $345,660 · excluded $345,660

  • 8a · Fundraising events: gross income

    $49,142

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

    $78,720

  • 8b · Fundraising events: direct expenses

    $49,142

  • 9a · Gaming: gross income

    $71,635

  • 9b · Gaming: direct expenses

    $25,529

  • 9c · Net income from gaming

    total $46,106 · excluded $46,106

  • 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 $1,045,500 · program services $1,045,500

  • 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 $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $65,940 · program services $48,710 · management and general $17,230 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $28,500 · program services $21,053 · management and general $7,447

  • 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: ALLOCATION OF PERSONNEL COSTS

    total $793,635 · program services $586,258 · management and general $207,377

  • 24b · Other expenses: SPECIAL FUNCTIONS

    total $611,691 · program services $451,856 · management and general $159,835

  • 24c · Other expenses: RECOGNITION & STEWARDSHIP

    total $97,809 · program services $72,251 · management and general $25,558

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $60,854 · program services $44,953 · management and general $15,901

  • 24e · All other expenses

    total $15,499 · program services $11,449 · management and general $4,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,339,835 · end of year $1,227,546

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $9,813,967 · end of year $5,737,965

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 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 $47,369,902 · end of year $48,914,175

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $25,701,017 · end of year $25,654,628

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,839 · end of year $20,639

  • 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 $2,860,724 · end of year $325,874

  • 27 · Net assets without donor restrictions

    beginning of year $52,720,507 · end of year $55,453,645

  • 28 · Net assets with donor restrictions

    beginning of year $29,603,651 · end of year $25,734,156

Mission and programs · 2023

Mission

DOYLESTOWN HEALTH SYSTEM ("SYSTEM") CONTINUOUSLY IMPROVES THE QUALITY OF LIFE AND PROACTIVELY ADVOCATES FOR THE HEALTH AND WELL BEING OF THE INDIVIDUALS WE SERVE. PLEASE REFER TO THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT INCLUDED IN SCHEDULE O.

Activities or mission (Part I)

TO RAISE FUNDS TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND ACTIVITIES OF DOYLESTOWN HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION.

  • EXPENSES INCURRED IN SUPPORT OF THE CHARITABLE PURPOSES, PROGRAMS AND ACTIVITIES OF DOYLESTOWN HOSPITAL; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

    Expenses $2,282,030 · Grants $1,045,500

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

Listed in Part VII

  • James L Brexler Fache

    DIRECTOR - PRESIDENT & CEO

    Total calculated
    $1,082,042
    From this org
    $0
    From related orgs
    $1,048,304
    Other
    $33,738
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $948,278 related
    Bonus
    $0
    Other
    $0 + $100,026 related
    Deferred
    $0 + $11,418 related
    Nontaxable benefits
    $0 + $22,320 related
    Filer's total
    $0 + $1,082,042 related

  • Elizabeth Seeber

    DIRECTOR - VP & CFO

    Total calculated
    $682,728
    From this org
    $0
    From related orgs
    $664,228
    Other
    $18,500
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $456,998 related
    Bonus
    $0
    Other
    $0 + $207,230 related
    Deferred
    $0 + $7,046 related
    Nontaxable benefits
    $0 + $11,454 related
    Filer's total
    $0 + $682,728 related

  • Donna Agnotti MD

    DIRECTOR

    Total calculated
    $461,289
    From this org
    $0
    From related orgs
    $431,647
    Other
    $29,642
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $429,299 related
    Bonus
    $0
    Other
    $0 + $2,348 related
    Deferred
    $0 + $3,446 related
    Nontaxable benefits
    $0 + $26,196 related
    Filer's total
    $0 + $461,289 related

  • Laura K Wortman

    DIRECTOR - VP & CHIEF DEV OFF

    Total calculated
    $389,045
    From this org
    $0
    From related orgs
    $362,608
    Other
    $26,437
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $339,566 related
    Bonus
    $0
    Other
    $0 + $23,042 related
    Deferred
    $0 + $11,437 related
    Nontaxable benefits
    $0 + $15,000 related
    Filer's total
    $0 + $389,045 related

  • Marianne E Chabot

    CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    8 + 19 related

  • Barbara Ann Price

    VICE CHAIR - DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 15 related

  • Joyce Hanson

    SECRETARY - DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 3 related

  • Barbara Kieffer

    TREASURER - DIRECTOR

    Total calculated
    $0
    Hours/week
    6

  • Beverly Coller-Campbell

    ASST. SEC/TREAS - DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Paul Edgerton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Nicole Geracimos MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Patricia Gorsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Helen Hammes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 15 related

  • Charles Jebran CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kathleen Krick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 6 related

  • Sara Moyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Joanne Murray Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Joyce Parlee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Benjamin Rusiloski PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ken Snyder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Patricia Urban

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Dennis Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Whitney Chandor

    DIRECTOR (TERM 10/15/23)

    Total calculated
    $0
    Hours/week
    3 + 6 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

  • 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

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)

CORE FORM, PART VII AND SCHEDULE J
IN ACCORDANCE WITH FORM 990 RULES, REGULATIONS AND INSTRUCTIONS, TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2023 FORMS W-2.
SCHEDULE J, PART I; QUESTION 4B
THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUAL INCLUDES CURRENT YEAR VESTING IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN), AS THE AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN WAS INCLUDED IN her 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: ELIZABETH SEEBER, $181,562.

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.

  • D R CARDIOLOGYLLC

    MEDICAL SERVICES · PA

    Directly controlled by NA

Related corporations and trusts

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

  • DOYLESTOWN HEALTH AND WELLNESS CTR INC

    C CORP. · INACTIVE · PA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by DHF

  • COVERED BRIDGE RECIPROCAL RISK RETENTION

    C CORP. · FINANCIAL VEHICLE · SC

    Directly controlled by NA

  • DH PHYSICIANS AMBULATORY SERVICES

    C CORP. · MEDICAL SERVICES · PA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541289349303014

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