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← ABINGTON MEMORIAL HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by ABINGTON MEMORIAL HOSPITAL FOUNDATION.

Totals

Total revenue
$38,747,170
Total expenses
$232,761
Contributions and grants received
$10,792,668
Grants paid
$0
Program service revenue
$0
Investment income
$27,932,108
Other revenue
$22,394
Total assets, end of year
$1,240,103,042
Total liabilities, end of year
$7,631,000
Net assets or fund balances, end of year
$1,232,472,042
Program services expenses (Part IX)
$232,761
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$232,761

Program services were 100.0% 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.

  • 1c · Fundraising events

    $551,094

  • 1f · All other contributions, gifts and grants

    $10,241,574

  • 1g · Noncash contributions included above

    $89,683

  • 3 · Investment income

    total $599,662 · excluded $599,662

  • 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 $27,332,446

  • 7c · Gain or loss

    securities $27,332,446

  • 7d · Net gain or loss

    total $27,332,446 · excluded $27,332,446

  • 8a · Fundraising events: gross income

    $525,113

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

    $551,094

  • 8b · Fundraising events: direct expenses

    $525,113

  • 9a · Gaming: gross income

    $22,394

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $22,394 · excluded $22,394

  • 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 $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 $84,674 · program services $84,674 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $6,206 · program services $6,206

  • 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: OTHER EXPENSES

    total $141,881 · program services $141,881

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 $4,086,340 · end of year $2,226,663

  • 4 · Accounts receivable

    beginning of year $0 · end of year $33

  • 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 $1,120,665,120 · end of year $1,133,093,688

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $16,182,674 · end of year $104,782,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $285,037 · end of year $308,166

  • 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 $7,307,655 · end of year $7,322,834

  • 27 · Net assets without donor restrictions

    beginning of year $1,023,631,680 · end of year $1,114,313,931

  • 28 · Net assets with donor restrictions

    beginning of year $109,709,762 · end of year $118,158,111

Mission and programs · 2022

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 $232,761

As filed on the 2022 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
    $974,480
    From this org
    $0
    From related orgs
    $869,788
    Other
    $104,692
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $325,201 related
    Bonus
    $0 + $83,267 related
    Other
    $0 + $461,320 related
    Deferred
    $0 + $84,540 related
    Nontaxable benefits
    $0 + $20,152 related
    Filer's total
    $0 + $974,480 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

  • HELEN R BOSLEY

    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

  • GERARD M CLEARY DO

    TRUSTEE; EX-OFFICIO

    Total calculated
    $0
    Hours/week
    55

  • EDITH R DIXON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARK L DOOLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • BRUCE K ENTWISLE

    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

  • LEA DANIELS KNIGHT

    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

  • JOHN D WALP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MARY ANN WATSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL WALSH

    TRUSTEE; EX-OFFICIO

    Total calculated
    $0
    Hours/week
    55

  • REV LUIS CORTES JR

    TRUSTEE (TERM 6/23)

    Total calculated
    $0
    Hours/week
    5

  • ALISON L FERREN MBA

    tte-prs/coo amh/lhc(TErm 3/23)

    Total calculated
    $0
    Hours/week
    55

  • CRISTINA CAVALIERI ESQ

    SECRETARY

    Total calculated
    $0
    Hours/week
    60

  • JOHN P MORDACH

    TREASURER

    Total calculated
    $0
    Hours/week
    60

  • PETER DEANGELIS JR

    TREASURER (TERM 4/23)

    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 2022 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.
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 AN INTERNAL REVENUE CODE SECTION 457(F) PLAN (NON-QUALIFIED DEFERRED COMPENSATION PLAN) AS THE AMOUNT IS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF COMPLETE FORFEITURE. THE AMOUNT OUTLINED HEREIN WAS INCLUDED IN HER 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES: JILL G. KYLE, $279,555.
SCHEDULE J, PART I, QUESTION 7
THE INDIVIDUAL INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2022 WHICH WAS INCLUDED IN SCHEDULE J, PART II, COLUMN B(II) HEREIN AND IN HER 2022 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.
SCHEDULE J, PART II, COLUMN F
THE AMOUNT REPORTED IN SCHEDULE J, PART II, COLUMN (F) INCLUDES VESTED BENEFITS IN A DEFERRED COMPENSATION PLAN AS THIS AMOUNT WAS NO LONGER SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. THIS AMOUNT WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR YEARS' FORMS 990 AND IS NOW BEING REPORTED AGAIN ON THIS YEAR'S FORM 990. THIS AMOUNT HAS BEEN TREATED AS TAXABLE INCOME AND REPORTED ON THIS INDIVIDUAL'S FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES.

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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349306410

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