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Nonprofiteer
← FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY

Form 990 for tax year 2025

Filed by FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY.

Totals

Total revenue
$4,369,814
Total expenses
$3,676,686
Contributions and grants received
$1,226,220
Grants paid
$170,154
Program service revenue
$2,721,447
Investment income
$422,147
Other revenue
$0
Total assets, end of year
$15,183,874
Total liabilities, end of year
$1,376,198
Net assets or fund balances, end of year
$13,807,676
Program services expenses (Part IX)
$3,125,280
Management and general expenses
$310,779
Fundraising expenses
$240,627
Program service expenses (Part III)
$3,125,280

Program services were 85.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,226,220

  • 2a · Program service revenue: SPECIAL PROJECT INCOME

    total $2,458,260 · related or exempt $1,916,712 · unrelated business $541,548

  • 2b · Program service revenue: STUDENT LOAN INCOME

    total $263,187 · related or exempt $263,187

  • 3 · Investment income

    total $227,653 · related or exempt $227,653

  • 7a · Gross sales of assets other than inventory

    securities $600,980

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

    securities $406,486

  • 7c · Gain or loss

    securities $194,494

  • 7d · Net gain or loss

    total $194,494 · related or exempt $194,494

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $170,154 · program services $170,154

  • 5 · Compensation of officers, directors and key employees

    total $90,115 · program services $90,115

  • 7 · Other salaries and wages

    total $2,389,400 · program services $1,992,920 · management and general $221,372 · fundraising $175,108

  • 10 · Payroll taxes

    total $146,827 · program services $111,589 · management and general $22,024 · fundraising $13,214

  • 11c · Fees: accounting

    total $41,109 · management and general $41,109

  • 11g · Fees: other

    total $455,934 · program services $446,954 · fundraising $8,980

  • 13 · Office expenses

    total $40,632 · program services $12,647 · management and general $1,447 · fundraising $26,538

  • 14 · Information technology

    total $92,445 · program services $81,832 · management and general $2,797 · fundraising $7,816

  • 17 · Travel

    total $40,183 · program services $37,482 · management and general $2,536 · fundraising $165

  • 19 · Conferences, conventions and meetings

    total $18,259 · program services $17,874 · management and general $30 · fundraising $355

  • 22 · Depreciation, depletion and amortization

    total $15,819 · program services $10,915 · management and general $4,904

  • 23 · Insurance

    total $78,710 · program services $66,512 · management and general $10,633 · fundraising $1,565

  • 24a · Other expenses: COMMUNICATIONS/PUBLICAT

    total $52,667 · program services $46,072 · management and general $427 · fundraising $6,168

  • 24b · Other expenses: BAD DEBT

    total $25,680 · program services $25,680

  • 24c · Other expenses: DUES/LICENSES/SUBSCRIPT

    total $18,752 · program services $14,534 · management and general $3,500 · fundraising $718

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,413,793 · end of year $1,555,082

  • 4 · Accounts receivable

    beginning of year $310,688 · end of year $321,609

  • 7 · Other notes and loans receivable

    beginning of year $4,739,058 · end of year $5,049,906

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,946 · end of year $68,270

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

    $248,678

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

    $213,826

  • 10c · Land, buildings and equipment, net

    beginning of year $42,224 · end of year $34,852

  • 11 · Investments: publicly traded securities

    beginning of year $5,944,177 · end of year $6,627,560

  • 15 · Other assets

    beginning of year $1,455,954 · end of year $1,526,595

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,205,134 · end of year $1,319,395

  • 19 · Deferred revenue

    beginning of year $96,700 · end of year $56,803

  • 27 · Net assets without donor restrictions

    beginning of year $8,860,020 · end of year $9,560,875

  • 28 · Net assets with donor restrictions

    beginning of year $3,766,986 · end of year $4,246,801

Mission and programs · 2025

Mission

THE FOUNDATION OF THE PENNSYLVANIA MEDICAL SOCIETY PROVIDES PROGRAMS AND SERVICES FOR INDIVIDUAL PHYSICIANS AND OTHERS THAT IMPROVE THE WELL-BEING OF PENNSYLVANIANS AND SUSTAIN THE FUTURE OF MEDICINE.

Activities or mission (Part I)

SEE SCHEDULE O

  • NURSES' HEALTH PROGRAM (NHP) PROVIDES PEER REVIEW MONITORING SERVICES TO PENNSYLVANIA NURSES, DIETITIAN-NUTRITIONISTS, AND STUDENT NURSES WHO ARE EXPERIENCING ISSUES RELATED TO SUBSTANCE USE DISORDERS, MENTAL HEALTH OR OTHER BEHAVIORAL CONCERNS. NHP PEER REVIEW MONITORING ALLOWS FOR THE COLLECTION OF DOCUMENTATION TO MAKE SURE THAT PARTICIPANTS ARE HEALTHY AND CAN SAFELY PRACTICE THEIR CHOSEN PROFESSIONS. IN 2025, THE NHP RECEIVED 868 REFERRALS, AND MONITORED OVER 786 ACTIVE CASES.

    Expenses $1,131,332 · Revenue $1,205,485

  • PHYSICIANS' HEALTH PROGRAM (PHP) PROVIDES PEER REVIEW MONITORING SERVICES TO PENNSYLVANIA PHYSICIANS, PHYSICIAN ASSISTANTS, DENTISTS, AND OTHER ELIGIBLE LICENSED PROFESSIONALS AND TRAINEES WHO ARE EXPERIENCING ISSUES RELATED TO SUBSTANCE USE DISORDERS, MENTAL HEALTH OR OTHER BEHAVIORAL CONCERNS. PHP PEER REVIEW MONITORING ALLOWS FOR THE COLLECTION OF DOCUMENTATION TO MAKE SURE THAT PARTICIPANTS ARE HEALTHY AND CAN SAFELY PRACTICE THEIR CHOSEN PROFESSIONS. IN 2025, THE PHP RECEIVED 216 REFERRALS, AND MONITORED OVER 332 ACTIVE CASES.

    Expenses $986,611 · Revenue $601,653

  • LIFEGUARD, A NATIONALLY RECOGNIZED PROGRAM, IS A VANGUARD FOR ADDRESSING CLINICAL COMPETENCY ASSESSMENT NEEDS FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. CONCEPTUALIZED BY DOCTORS FOR DOCTORS, LIFEGUARD PROVIDES COMPREHENSIVE ASSESSMENT SERVICES AND RECOMMENDATIONS FOR REMEDIATION TAILORED TO INDIVIDUAL NEEDS. THROUGH INDIVIDUALLY CUSTOMIZED PROGRAMS, LIFEGUARD PROVIDES AN UNBIASED ASSESSMENT OF PHYSICIAN CLINICAL PERFORMANCE WITH THE GOAL OF ENHANCING PATIENT SAFETY AND QUALITY OF CARE. SINCE INCEPTION, LIFEGUARD HAS SERVED PHYSICIANS IN 31 STATES AND THE DISTRICT OF COLUMBIA. IN 2025, 52 PHYSICIANS COMPLETED THEIR RESPECTIVE LIFEGUARD PATHWAY.

    Expenses $506,692 · Revenue $566,158

  • NUMBER OF OTHER PROGRAM SERVICE ACTIVITIES CONDUCTED DURING THE YEAR, INCLUDING SCHOLARSHIP FUNDS, BOOKKEEPING AND OTHER SERVICES.

    Expenses $73,240 · Revenue $84,916

  • STUDENT FINANCIAL SERVICES EASES THE STRESS OF FUNDING A MEDICAL EDUCATION BY OFFERING SCHOLARSHIPS AND AFFORDABLE LOANS WITH PERSONALIZED CUSTOMER SERVICE TO PENNSYLVANIA RESIDENTS ATTENDING MEDICAL SCHOOL. THE STUDENT FINANCIAL SERVICES PROGRAM HELPS MEDICAL STUDENTS FULFILL THEIR DREAMS OF BECOMING PHYSICIANS. IN 2025, 74 LOANS TOTALING $800,000 AND 35 SCHOLARSHIPS TOTALING $170,154 WERE AWARDED. SINCE 1948, OVER $26.5 MILLION IN LOANS AND SCHOLARSHIPS HAVE BEEN AWARDED TO 4,950 STUDENTS.

    Expenses $427,405 · Grants $170,154 · Revenue $263,336

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DANIEL B KIMBALL JR MD MACP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • DONNA BAVER ROVITO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ARA KHOYLYAN

    STUDENT TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • HEATHER A WILSON MSWCFRECAEFCPP

    SECRETARY & EXECUTIVE DIRE

    Total calculated
    $281,001
    From this org
    $71,327
    From related orgs
    $158,182
    Other
    $51,492
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $71,327 + $158,182 related
    Bonus
    $0
    Other
    $0
    Deferred
    $7,133 + $16,643 related
    Nontaxable benefits
    $11,655 + $16,061 related
    Filer's total
    $90,115 + $190,886 related

  • KENNETH M CERTA MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • LYNDA THOMAS-MABINE MD FACOG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MARTIN P RANIOWSKI MA CAE FCPP

    TRUSTEE

    Total calculated
    $406,460
    From this org
    $0
    From related orgs
    $345,531
    Other
    $60,929
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,531 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,163 related
    Nontaxable benefits
    $0 + $30,766 related
    Filer's total
    $0 + $406,460 related

  • PAUL F DENDE DO FACP

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • VIRGINIA E HALL MD FACOG FACP

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • WILLIAM J WEST JR MD

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • WILLIAM R DEWAR III MD FACP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • CHRISTOPHER J WARE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MARGARET S ATWELL MD FACOEM FACP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • JON D LEPLEY DO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • MANVITA MAREBOINA

    MEDICAL STUDENT TRUSTEE ELECT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • ANNETTE M WEAVER

    SENIOR DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $167,114
    From this org
    $132,685
    From related orgs
    $0
    Other
    $34,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,685
    Bonus
    $0
    Other
    $0
    Deferred
    $13,660
    Nontaxable benefits
    $20,769
    Filer's total
    $167,114

  • EDWIN KIM MD

    MEDICAL DIRECTOR

    Total calculated
    $133,627
    From this org
    $133,627
    From related orgs
    $0
    Other
    $0
    Hours/week
    19

  • RAYMOND TRUEX MD

    MEDICAL DIRECTOR

    Total calculated
    $113,739
    From this org
    $113,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    19

  • TRACEY ZIEGLER

    LIFEGUARD DIRECTOR

    Total calculated
    $151,820
    From this org
    $111,806
    From related orgs
    $0
    Other
    $40,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,806
    Bonus
    $0
    Other
    $0
    Deferred
    $11,032
    Nontaxable benefits
    $28,982
    Filer's total
    $151,820

  • CHARLES BURNS MD

    MEDICAL DIRECTOR

    Total calculated
    $118,560
    From this org
    $118,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    19

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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.2
Source object
202612569349300051

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