Skip to content
Nonprofiteer
← ABINGTON MEMORIAL HOSPITAL FOUNDATION

Form 990 for tax year 2023

Filed by ABINGTON MEMORIAL HOSPITAL FOUNDATION.

Totals

Total revenue
$28,138,386
Total expenses
$6,651,692
Contributions and grants received
$5,461,888
Grants paid
$0
Program service revenue
$0
Investment income
$22,655,651
Other revenue
$20,847
Total assets, end of year
$1,337,458,592
Total liabilities, end of year
$5,775,448
Net assets or fund balances, end of year
$1,331,683,144
Program services expenses (Part IX)
$83,452
Management and general expenses
$6,444,800
Fundraising expenses
$123,440
Program service expenses (Part III)
$83,452

Program services were 1.3% 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.

  • 1c · Fundraising events

    $405,099

  • 1f · All other contributions, gifts and grants

    $5,056,789

  • 1g · Noncash contributions included above

    $202,310

  • 3 · Investment income

    total $1,413,078 · excluded $1,413,078

  • 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 $17,093,060 · other assets $4,149,513

  • 7c · Gain or loss

    securities $17,093,060 · other assets $4,149,513

  • 7d · Net gain or loss

    total $21,242,573 · excluded $21,242,573

  • 8a · Fundraising events: gross income

    $586,557

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

    $405,099

  • 8b · Fundraising events: direct expenses

    $586,557

  • 9a · Gaming: gross income

    $22,459

  • 9b · Gaming: direct expenses

    $1,612

  • 9c · Net income from gaming

    total $20,847 · excluded $20,847

  • 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 $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 $0

  • 11b · Fees: legal

    total $129,761 · management and general $129,761

  • 11c · Fees: accounting

    total $13,095 · management and general $13,095

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,469,961 · program services $37,330 · management and general $1,428,012 · fundraising $4,619

  • 12 · Advertising and promotion

    total $169,970 · management and general $169,956 · fundraising $14

  • 13 · Office expenses

    total $195,174 · program services $38,126 · management and general $151,288 · fundraising $5,760

  • 14 · Information technology

    total $702,250 · management and general $698,760 · fundraising $3,490

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $131,944 · management and general $131,922 · fundraising $22

  • 17 · Travel

    total $9,278 · management and general $7,157 · fundraising $2,121

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,615 · management and general $4,582 · fundraising $33

  • 20 · Interest

    total $27,092 · management and general $27,092

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,501 · management and general $1,501

  • 23 · Insurance

    total $2,855 · management and general $2,855

  • 24a · Other expenses: ALLOCATION OF PERSONNEL COST

    total $3,671,353 · management and general $3,574,136 · fundraising $97,217

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $58,821 · management and general $58,646 · fundraising $175

  • 24c · Other expenses: OTHER EXPENSES

    total $64,022 · program services $7,996 · management and general $46,037 · fundraising $9,989

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,226,663 · end of year $1,600,053

  • 4 · Accounts receivable

    beginning of year $33 · 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

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

    $80,968

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

    $80,968

  • 10c · Land, buildings and equipment, net

    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 $1,133,093,688 · end of year $1,145,574,330

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $104,782,658 · end of year $190,284,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,166 · end of year $23,342

  • 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 $7,322,834 · end of year $5,752,106

  • 27 · Net assets without donor restrictions

    beginning of year $1,114,313,931 · end of year $1,206,044,319

  • 28 · Net assets with donor restrictions

    beginning of year $118,158,111 · end of year $125,638,825

Mission and programs · 2023

Mission

TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF ABINGTON MEMORIAL HOSPITAL AND LANSDALE HOSPITAL CORPORATION; RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATIONS, WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, GENDER IDENTITY OR EXPRESSION, SEXUAL ORIENTATION, AGE, STATUS AS AN INDIVIDUAL WITH A HANDICAP/DISABILITY OR ABILITY TO PAY. MOREOEVER, NO INDIVIDUALS ARE DENIED NECESSARY MEDICAL CARE, TREATMENT OR SERVICES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

Activities or mission (Part I)

TO SUPPORT THE CHARITABLE TAX-EXEMPT PURPOSES, PROGRAMS & SERVICES OF ABINGTON MEMORIAL HOSPITAL & LANSDALE HOSPITAL CORPORATION; RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORGS.

  • EXPENSES INCURRED IN SUPPORTING THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF ABINGTON MEMORIAL HOSPITAL AND LANSDALE HOSPITAL CORPORATION; RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATIONS, WHICH PROVIDE MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, GENDER IDENTITY OR EXPRESSION, SEXUAL ORIENTATION, AGE, STATUS AS AN INDIVIDUAL WITH A HANDICAP/DISABILITY OR ABILITY TO PAY. MOREOEVER, NO INDIVIDUALS ARE DENIED NECESSARY MEDICAL CARE, TREATMENT OR SERVICES. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.

    Expenses $83,452

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

Listed in Part VII

  • JILL G KYLE

    SVP REGIONAL ADVANCEMENT

    Total calculated
    $578,597
    From this org
    $0
    From related orgs
    $556,959
    Other
    $21,638
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $379,545 related
    Bonus
    $0 + $114,422 related
    Other
    $0 + $62,992 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,638 related
    Filer's total
    $0 + $578,597 related

  • JEAN FITZPATRICK PHD

    CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOHN A BOWN JR

    VICE CHAIR - TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DOUGLAS S CALLANTINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • GEORGE JS CHOE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARK L DOOLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DAVID J ESKIN MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARK R ESKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • WILLIAM W FONNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • BRUCE GOODMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARILYN D HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • THOMAS HILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARVIN MASHNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • WARREN B MATTHEWS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • REEVES MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • NEAL PEARLSTINE ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • FREDERICK PENNEKAMP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • REV DR BRUCE W PETTY SR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DONALD PIZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • LORRAINE C PRUITT MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • REV CHARLES QUANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ROBERT J RIETHMILLER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ANDREW D RUBIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • FREDDA L SEGAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • STANLEY A SINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOSEPHINE B SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ELLIOT W STONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • BRIAN SWEENEY RN MBA FACHE

    TRUSTEE - PRESIDENT

    Total calculated
    $0
    Hours/week
    60

  • BRUCE E TOLL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MERYLE TWERSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOHN D WALP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARY ANN WATSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • EDITH R DIXON

    TRUSTEE (decd 5/2024)

    Total calculated
    $0
    Hours/week
    5

  • CRISTINA CAVALIERI ESQ

    SECRETARY

    Total calculated
    $0
    Hours/week
    60

  • JOHN P MORDACH

    TREASURER

    Total calculated
    $0
    Hours/week
    60

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 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)

CORE FORM, PART VII AND SCHEDULE J
TAXABLE COMPENSATION REPORTED HEREIN IS DERIVED FROM 2023 FORMS W-2.
SCHEDULE J, PART I; QUESTION 1
JILL G. KYLE PARTICIPATES IN A FLEXIBLE BENEFIT PROGRAM ("EXECUFLEX BENEFIT PROGRAM") ADMINISTERED BY A RELATED 501(C)(3) TAX-EXEMPT AFFILIATE. THIS PROGRAM PROVIDES A FIXED DOLLAR AMOUNT, AND ENABLE PARTICIPATING EMPLOYEES TO ALLOCATE THE AMOUNT AMONG CERTAIN TAXABLE BENEFIT OPTIONS (I.E., ADDITIONAL LIFE INSURANCE COVERAGES, LONG-TERM CARE INSURANCE AND FINANCIAL OR TAX PLANNING ASSISTANCE) OR TO NONQUALIFIED DEFERRED COMPENSATION OPTIONS. THE ELECTIONS ARE MADE BEFORE THE YEAR IN WHICH THE BENEFIT PROGRAM AMOUNT IS PROVIDED. THE AMOUNTS ALLOCATED TO TAXABLE BENEFIT OPTIONS ARE INCLUDED ON EMPLOYEES' FORMS W-2 AS TAXABLE INCOME FOR THE YEAR IN WHICH THE ALLOCATIONS ARE EFFECTIVE, AND THE NONQUALIFIED DEFERRED COMPENSATION AMOUNTS ARE DISCLOSED ON FORM 990 IN THE YEAR OF DEFERRAL AND AGAIN IN THE YEAR IN WHICH THE SUBSTANTIAL RISK OF COMPLETE FORFEITURE LAPSES AND THE AMOUNTS ARE TREATED AS TAXABLE INCOME. JILL G. KYLE PARTICIPATES IN A FLEXIBLE BENEFIT PROGRAM ("PERQUISITE PROGRAM") FOR CERTAIN MEMBERS OF ITS SENIOR LEADERSHIP TEAM. THIS PROGRAM PROVIDES A FIXED DOLLAR AMOUNT, AND ENABLES PARTICIPATING EMPLOYEES TO ALLOCATE THE AMOUNT AMONG CERTAIN TAXABLE BENEFIT OPTIONS (I.E., ADDITIONAL LIFE INSURANCE COVERAGES, LONG-TERM CARE INSURANCE AND FINANCIAL OR TAX PLANNING ASSISTANCE) OR TO NON-QUALIFIED DEFERRED COMPENSATION OPTIONS. THE ELECTIONS ARE MADE BEFORE THE YEAR IN WHICH THE BENEFIT PROGRAM AMOUNT IS PROVIDED. THE AMOUNTS ALLOCATED TO TAXABLE BENEFIT OPTIONS ARE INCLUDED WITHIN THE EMPLOYEES' FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES FOR THE YEAR IN WHICH THE ALLOCATIONS ARE EFFECTIVE.
SCHEDULE J, PART I, QUESTION 7
THE INDIVIDUAL INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN HER 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. EMPLOYEE BONUSES ARE BASED UPON THE ATTAINMENT OF QUALITY GOALS, STRATEGIC OPERATIONAL INITIATIVES AND FINANCIAL PERFORMANCE. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION.

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.

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541349349308019

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.