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Nonprofiteer
← PAOLI MEMORIAL HOSPITAL FOUNDATION

Form 990 for tax year 2022

Filed by PAOLI MEMORIAL HOSPITAL FOUNDATION.

Totals

Total revenue
$2,974,319
Total expenses
$6,615,800
Contributions and grants received
$3,041,468
Grants paid
$5,442,788
Program service revenue
$0
Investment income
$269,166
Other revenue
-$336,315
Total assets, end of year
$27,017,847
Total liabilities, end of year
$980,142
Net assets or fund balances, end of year
$26,037,705
Program services expenses (Part IX)
$5,442,788
Management and general expenses
$159,012
Fundraising expenses
$1,014,000
Program service expenses (Part III)
$5,442,788

Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN J LYNCH III

    EX-OFFICIO TRUSTEE

    Total calculated
    $2,602,428
    From this org
    $0
    From related orgs
    $2,005,175
    Other
    $597,253
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,267,318 related
    Bonus
    $0 + $384,384 related
    Other
    $0 + $353,473 related
    Deferred
    $0 + $554,414 related
    Nontaxable benefits
    $0 + $42,839 related
    Filer's total
    $0 + $2,602,428 related

  • MICHAEL J BUONGIORNO

    TREAS. & EX-OFFICIO TRUSTEE

    Total calculated
    $1,110,735
    From this org
    $0
    From related orgs
    $949,105
    Other
    $161,630
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $712,890 related
    Bonus
    $0 + $160,531 related
    Other
    $0 + $75,684 related
    Deferred
    $0 + $118,545 related
    Nontaxable benefits
    $0 + $43,085 related
    Filer's total
    $0 + $1,110,735 related

  • JAMES PARADIS

    PRESIDENT & EX-OFFICIO TRUSTEE

    Total calculated
    $849,125
    From this org
    $0
    From related orgs
    $663,405
    Other
    $185,720
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $518,556 related
    Bonus
    $0 + $105,917 related
    Other
    $0 + $38,932 related
    Deferred
    $0 + $146,273 related
    Nontaxable benefits
    $0 + $39,447 related
    Filer's total
    $0 + $849,125 related

  • JAMES GENGARO MD

    EX-OFFICIO TRUSTEE

    Total calculated
    $428,030
    From this org
    $0
    From related orgs
    $387,776
    Other
    $40,254
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,926 related
    Bonus
    $0 + $37,800 related
    Other
    $0 + $6,050 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,254 related
    Filer's total
    $0 + $428,030 related

  • JUDY CARIC

    SECRETARY (9/20/22 - 2/2/23)

    Total calculated
    $58,085
    From this org
    $0
    From related orgs
    $47,094
    Other
    $10,991
    Hours/week
    1 + 39 related

  • CHRISTOPHER ANNAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN G AYLWARD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELAINE RINALDI BAILEY

    CHAIRWOMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SANDRA K BALDINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANK BREWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRYAN FORCINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WAYNE WINTHROP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS MACCRORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • FRANK PILIERO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN HEWES JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LOUIS N TETI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER HOOVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN DIEDERICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DENISE S HUBLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH J MCLAUGHLIN

    VICE-CHAIRMAN & TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH BALDERSTON

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • ROBERT BUCCO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT FRIED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALESSANDRA NICOLAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JUDY MOLT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATE MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA NEFF-RYAVE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARINA G DIKOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL F SWANICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • YOUNG KIM MD

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PETER DILULLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROCIO GONZALEZ

    SECRETARY (START APRIL 2023)

    Total calculated
    $0
    Hours/week
    1 + 39 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 · Written employment contract
  • 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)

FORM 990, SCHEDULE J, PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN: THE CEO AND EVP/CFO OF MAIN LINE HEALTH ("PARTICIPANTS") PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. MAIN LINE HOSPITALS, INC. PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH A FUNDING ARRANGEMENT KNOWN AS A COLLATERAL ASSIGNMENT SPLIT DOLLAR POLICY. THE PLAN PROVIDES THAT THE SYSTEM WILL PAY PREMIUM PAYMENTS ON A LIFE INSURANCE POLICY FOR EACH OF THE PARTICIPANTS. DURING THE PARTICIPANTS' LIFE, TO THE EXTENT SERVICE AND VESTING REQUIREMENTS ARE FULFILLED, THE PARTICIPANT CAN BORROW AGAINST VALUES IN THE POLICY TO SUPPLEMENT RETIREMENT INCOME. IT IS REASONABLE TO BELIEVE THAT THE LOAN IS PAID IN FULL UPON THE DEATH OF THE PARTICIPANT. FORGIVEN INTEREST INCLUDED IN PARTICIPANTS' EARNINGS ARE: CEO $41,370 EVP/CFO $12,369 SERP DISCLOSURE: Main Line Health, Inc. ("MLH") and its Affiliates provided supplemental retirement benefits through established Supplemental Executive Retirement Plans ("SERP") to select members of Senior Leadership in FY23. SERP benefits funded by MLH are subject to vesting and employment date requirements and are paid out at the conclusion of a predetermined performance period. A performance period is a timeframe of at least twelve months that may cover varying lengths of time for each individual employee. Benefits for participants vested in a plan were reported in Schedule J, Part II, Column (B) (III) and benefits for participants not yet vested in a plan were reported in Schedule J, Part II, Column (C).
FORM 990, SCHEDULE J, PART I, LINE 7
THE COMPENSATION OF THE CEO, EVP & CHIEF FINANCIAL OFFICER, HOSPITAL PRESIDENTS, AND OTHER SENIOR EXECUTIVES DID INCLUDE A NON-FIXED COMPONENT PAYMENT OF COMPENSATION BASED UPON PRE-ESTABLISHED QUALITY, PATIENT SAFETY, AND FINANCIAL TARGETS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE MAIN LINE HEALTH BOARD IS RESPONSIBLE FOR EVALUATING AND DETERMINING THE APPROPRIATENESS OF THE TARGETS. AFTER REVIEW AND DELIBERATION, THE COMMITTEE DOCUMENTS ITS DECISIONS AND REPORTS TO THE FULL BOARD OF GOVERNORS WHO REVIEW THE COMPENSATION DECISIONS. PAYMENTS ARE MADE TO THE APPROPRIATE INDIVIDUALS BY THE ORGANIZATION WITHIN WHICH THOSE INDIVIDUALS RESIDE FOR PAYROLL REPORTING PURPOSES.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202411359349310036

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