Penn Foundation INC FY2024 filing

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The mission of the organization is to instill hope, inspire change, and build community. In addition, the organization is an affiliate within st. Luke's university health network ("network"); a tax-exempt integrated healthcare delivery network. St. Luke's health network, INC. Is the tax-exempt parent entity of the network. The network's mission is to care for the sick and injured regardless of their ability to pay, improve our communities' overall health, and educate our health care professionals. Please refer to schedule o for the organization's community benefit statement.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $1.0M a year · 4% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $2.0M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11.6M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 12 voting members
Looks good: 10 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.3M
+6% vs prior year
Spent
$33.2M
To programs
93%
Net assets
$14.6M
By yearFY2020–FY2025
Revenue
$30.3M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$27.7M
FY2021$31.6M
FY2022$27.6M
FY2023$28.6M
FY2024$30.3M
FY2025$28.7M
Expenses
$33.2M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$28.7M
FY2021$28.4M
FY2022$26.8M
FY2023$29.4M
FY2024$33.2M
FY2025$34.1M
Net assets
$14.6M
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$14.5M
FY2021$17.8M
FY2022$20.5M
FY2023$19.2M
FY2024$14.6M
FY2025$6.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $30.8M Management & general 7% · $2.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President - Penn Foundation
$0Pt VII · Sec A
$0Pt VII · Sec A
Medical Director
$0Pt VII · Sec A
Chair - Trustee
$0Pt VII · Sec A
Treasurer - Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Wayne a Mugrauer Mpa’s $214K as President - Penn Foundation is at the 33rd percentile of top reported officer pay among 747 $10–100M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Wayne Mugrauer Mpa—$316,101$324,993
Gibson George—$285,483$243,498
Christopher Squillaro DO——$283,164
Wellesley Bailey—$257,997$250,701
Alan Sofranko—$257,639$247,148
Jennifer Sokol—$235,604$232,293
Olga Kissel—$222,338$219,065
Scott Harman—$216,954$214,552

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Penn Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspiring change and building community by instilling hope.

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1 program · $30.8M · in their own filed words · FY2023
01

Expenses incurred in providing behavioral health services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. For additional information, please refer to schedule o for the organization's community benefit statement.

$30.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$2.0M
See all 4 funders →
Grants paid · 5 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$7,700
Unitemized GrantFY2023$21,350
Unitemized GrantFY2022$12,170
Penn Foundation TrustPA · FY2020$1,124,184
Penn Foundation TrustPA · FY2019$25,000

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.9M federal money spent
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Through Bucks County Drug and Alcohol Commission and 4 more$709K
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Bucks County Drug & Alcohol Commission and 3 more$527K
Staff Sergeant Parker Gordon Fox Suicide Prevention Grant ProgramDepartment of Veterans Affairs · ALN 64.055 · Direct$475K
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Bucks County Department of Behavioral Health/Developmental Programs$128K
Social Services Block GrantDepartment of Health and Human Services · ALN 93.667 · Through Bucks County Department of Behavioral Health/Developmental Programs$53K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2024 · $1.9M federal money spent
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Bucks County Drug & Alcohol Commission and 2 more$717K
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Through Bucks County Drug and Alcohol Commission and 4 more$578K
Staff Sergeant Parker Gordon Fox Suicide Prevention Grant ProgramDepartment of Veterans Affairs · ALN 64.055 · Direct$488K
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Bucks County Department of Behavioral Health/Developmental Programs$80K
Social Services Block GrantDepartment of Health and Human Services · ALN 93.667 · Through Bucks County Department of Behavioral Health/Developmental Programs$48K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2023 · $1.1M federal money spent
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Through Bucks County Drug and Alcohol Commission and 3 more$465K
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Bucks County Drug and Alcohol Commission and 2 more$245K
Staff Sergeant Parker Gordon Fox Suicide Prevention Grant ProgramDepartment of Veterans Affairs · ALN 64.055 · Direct$223K
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Bucks County Department of Behavioral Health/ Developmental Programs$78K
Social Services Block GrantDepartment of Health and Human Services · ALN 93.667 · Through Bucks County Department of Behavioral Health/ Developmental Programs$66K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2022 · $1.2M federal money spent
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Bucks County Drug and Alcohol Commission and 2 more$520K
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Through Bucks County Drug and Alcohol Commission and 4 more$398K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Pennsylvania Department of Behavioral Health$121K
Social Services Block GrantDepartment of Health and Human Services · ALN 93.667 · Through Bucks County Dept of Behavioral Health/Developmental Disabilities$91K
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Bucks County Dept of Behavioral Health/Developmental Disabilities$57K

Plus 1 smaller program.

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$30.3M
Ln 12
Fees for servicesLn 2g$27.1M
Gifts and grantsLn 1h$3.2M
Other incomeLn 4–11$33K
Money outPt IX
$33.2M
Ln 25
Programscol B$30.8M
Managementcol C$2.4M
Owns and owesPt X
$14.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.9M
Total assetsLn 16$26.2M
LiabilitiesLn 26$11.6M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$2.8M
Fundraising eventsLn 1c$63K
Fees for servicesLn 2g$27.1M
Investment incomeLn 3$8K
Other incomeLn 4–11$33K
Gains on assetsLn 7$0
Total revenueLn 12$30.3M
Assets in detailPt X, end of year
CashLn 1$3.9M
Cash and savings togetherLn 1–2$3.9M
Pledges and grants receivableLn 3$2.0M
Accounts receivableLn 4$2.7M
Prepaid expenses and deferred chargesLn 9$150K
Land, buildings, equipmentLn 10c$15.9M
InvestmentsLn 11–13$336K
Other assetsLn 15$1.1M
Total assetsLn 16$26.2M
LiabilitiesLn 26$11.6M
Net assetsLn 32$14.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$2.3M$3.9M$4.4M$722K$722K
Given inLn 1b−$1.5M−$386K$4.0M
SpentLn 1d–1f$110K$82K$287K$34K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.7M$3.9M
InvestmentsLn 11–13$387K$336K
Land, buildings, equipmentLn 10c$16.9M$15.9M
Total assetsLn 16$28.5M$26.2M
LiabilitiesLn 26$9.3M$11.6M
Net assetsLn 32$19.2M$14.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Grants to domestic individualsLn 2$21K$21K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$51K$47K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$238$221$17
Office expensesLn 13$826K$766K$60K
Information technologyLn 14$188K$174K$14K
RoyaltiesLn 15$0
OccupancyLn 16$790K$733K$58K
TravelLn 17$285K$264K$21K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K$12K$984
InterestLn 20$165K$153K$12K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.2M$1.1M$88K
InsuranceLn 23$130K$120K$10K
Other expenses (24a–d)Ln 24$28.8M$26.7M$2.1M
All other expensesLn 24e$805K$746K$59K
Total functional expensesLn 25$33.2M$30.8M$2.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $28.7M$34.1M−$5.4M$6.8M 990 PDF
FY2024 ViewingFiled with the IRS May 6, 2025 $30.3M$33.2M−$2.9M$14.6M 990 PDF
FY2023Filed with the IRS May 7, 2024 $28.6M$29.4M−$780K$19.2M 990 PDF
FY2022Filed with the IRS May 13, 2023 $27.6M$26.8M$781K$20.5M 990 PDF
FY2021Filed with the IRS Mar 29, 2022 $31.6M$28.4M$3.2M$17.8M 990 PDF
FY2020Filed with the IRS May 14, 2021 $27.7M$28.7M−$997K$14.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $30,316,572 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,675,026$3,183,740
I-9 Program service revenuePrior year $26,897,786$27,091,817
I-10 Investment incomePrior year $9,920$8,079
I-11 Other revenuePrior year $28,522$32,936
I-12 Total revenuePrior year $28,611,254$30,316,572
I-13 Grants and similar amounts paidPrior year $12,571$21,850
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,378,445$33,212,743
I-18 Total expensesPrior year $29,391,016$33,234,593
I-19 Revenue less expensesPrior year −$779,762−$2,918,021
Part VI · Governance 10 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $30,316,572 across 10 lines filed
VIII-1c Fundraising events$63,099
VIII-1e Government grants$2,761,092
VIII-1f All other contributions, gifts and grants$359,549
VIII-1h Total contributions, gifts and grants$3,183,740
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,091,817$27,091,817
VIII-3 Investment incomeExcluded from tax $8,079$8,079
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $32,936$32,936
VIII-7 Net gain or loss on sales of assets$0
VIII-12 Total revenueRelated to mission $27,091,817 · Unrelated business $0 · Excluded from tax $41,015$30,316,572
Part IX · Statement of functional expenses $33,234,593 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-2 Grants to domestic individualsPrograms $21,350$21,350
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $46,966 · Management $3,709$50,675
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $221 · Management $17$238
IX-13 Office expensesPrograms $765,617 · Management $60,470$826,087
IX-14 Information technologyPrograms $173,895 · Management $13,734$187,629
IX-15 Royalties$0
IX-16 OccupancyPrograms $732,609 · Management $57,863$790,472
IX-17 TravelPrograms $264,396 · Management $20,882$285,278
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $12,464 · Management $984$13,448
IX-20 InterestPrograms $152,657 · Management $12,057$164,714
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,111,163 · Management $87,761$1,198,924
IX-23 InsurancePrograms $120,448 · Management $9,513$129,961
IX-24 Other expenses (24a–d)Programs $26,654,788 · Management $2,105,234$28,760,022
IX-24e All other expensesPrograms $746,347 · Management $58,948$805,295
IX-25 Total functional expensesPrograms $30,803,421 · Management $2,431,172 · Fundraising $0$33,234,593
Part X · Balance sheet $26,161,198 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $2,694,442$3,939,051
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $3,552,453$1,981,537
X-4 Accounts receivableStart of year $2,396,493$2,722,605
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $95,043$150,111
X-10c Land, buildings and equipment, netStart of year $16,937,752$15,923,427
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $387,002$336,051
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $2,410,484$1,108,416
X-16 Total assetsStart of year $28,473,669$26,161,198
X-17 Accounts payable and accrued expensesStart of year $1,737,172$1,855,247
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $1,103,915$38,163
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $5,384,300$4,980,852
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,068,636$4,706,078
X-26 Total liabilitiesStart of year $9,294,023$11,580,340
X-27 Net assets without donor restrictionsStart of year $15,240,290$12,263,370
X-28 Net assets with donor restrictionsStart of year $3,939,356$2,317,488
X-32 Total net assets or fund balancesStart of year $19,179,646$14,580,858
X-33 Total liabilities and net assetsStart of year $28,473,669$26,161,198
Part XI · Reconciliation of net assets $14,580,858 net assets at year end
XI-1 Total revenue$30,316,572
XI-2 Total expenses$33,234,593
XI-3 Revenue less expenses−$2,918,021
XI-4 Net assets at start of year$19,179,646
XI-9 Other changes in net assets−$1,680,767
XI-10 Net assets at end of year$14,580,858

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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