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Methodist Hospital Foundation EIN 23-2014559 Form 990 (PDF) Claim this org

Methodist Hospital Foundation

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Funds healthcare services at Methodist Hospital and in the surrounding community. For fiscal year 2024 it reported $1.6M in revenue, $240K in expenses, and $14.5M in net assets.Pt I

Founded
1976
Type
Hospital · Health Care
Location
Philadelphia, PA
Website
www.methhospfdn.org
Filings
5 on file (2020–2024)
Revenue
$1.6MFY2024
Expenses
$240K
Net assets
$14.5M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2014559 Hospital Philadelphia, PA Founded 1976
Form 990 (PDF)
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Size
$1–10M
What they do
Funds healthcare services at Methodist Hospital and in the surrounding community.
Leadership
J Jeffrey Grant · Chairman - Trustee
Money in and out
$1.6M revenue, $240K expenses
Bottom line
+85% operating surplus
Financial scale & money flow · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$14.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.3M
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+85%
revenue over expenses, this legal entity▲ +211% vs prior filing year
Payroll share
0%
of this entity's spending is salaries & benefits
Program spending
100%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▲ +638%
Expenses
$240K
FY2024▼ -36%
Total assets
$14.6M
FY2024▲ +8%
Total liabilities
$45K
FY2024▼ -25%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$14.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.3M
Total assetsPt X · Ln 16$14.6M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMethodist Hospital Foundation
EINHdr · item D23-2014559
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.methhospfdn.org
Year of formationHdr · item L1976
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E11)
Ruling yearIRS BMFApr 1977

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
J Jeffrey Grant
Chairman - Trustee
$0Pt VII · Sec A
Janice R Bellace ESQ.
Vice Chair - Trustee
$0Pt VII · Sec A
Honorable Matthew Carrafiello
Vice Chair - Trustee
$0Pt VII · Sec A
Frank H Wisniewski ESQ.
Vice Chair - Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Methodist Hospital Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2024.
01

Expenses incurred in raising funds and providing grants to support the delivery of healthcare services at methodist hospital and within the surrounding community.

$240Kprogram expense

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Statement of Revenue

Part VIII
Investment income$1.5M · 97%
Contributions & grants$61K · 4%
Investment income97%$1.5M
Contributions & grants4%$61K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$240K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$51K
Total assetsLn 16$14.6M
Total liabilitiesLn 26$45K
Total net assetsLn 32$14.5M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $51K · Operating expenses/yr $240K
2.5 months
Where the money goes
Program services
Program services $240K · Total expenses $240K
100%
Management & General
Management & general $0 · Total expenses $240K
0%
Fundraising
Fundraising $0 · Total expenses $240K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $61K · Total revenue $1.6M
4%
Government reliance
Government grants — · Total revenue $1.6M
—
Earned-income share
Program service revenue $0 · Total revenue $1.6M
0%
Investment reliance
Investment income $1.5M · Total revenue $1.6M
+97%
Program self-sufficiency
Program service revenue $0 · Total expenses $240K
0%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $212K
+638%
Revenue CAGR
FY2019 $197K · FY2024 $1.6M
+51%
Net-asset trend (YoY)
End of year $14.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $240K
+85%
Liabilities-to-Assets
Total liabilities — · Total assets $14.6M
—
Net-asset ratio
Net assets $14.5M · Total assets $14.6M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $14.6M
0%
People & payroll
Highest Reported Total Compensation
Individual J Jeffrey Grant · Reported title CHAIRMAN - TRUSTEE · Highest reported compensation $0 · Total expenses $240K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $240K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Revenue growth 638%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 50 grants · $1.2M · 2019–2024
Thomas Jefferson University Hospitals INCPA · FY2024$40,000
Caring People AlliancePA · FY2024$15,000
Thomas Jefferson UniversityPA · FY2024$10,000
Police Athletic League of PhiladelphiaPA · FY2024$10,000
Khmer Performing Arts and CulturePA · FY2024$10,000
Friends of Franklin Delano Roosevelt ParkPA · FY2024$10,000
Discovery PathwaysPA · FY2024$10,000
Children Scholarship Fund PhiladelphiaPA · FY2024$10,000
Cambodian Association of Greater PhiladelphiaPA · FY2024$10,000
Augustinian Defenders of the Rights of the PoorPA · FY2024$10,000
Thomas Jefferson University Hospitals INCPA · FY2023$145,000
Thomas Jefferson UniversityPA · FY2023$35,000
Khmer Performing Arts and CulturePA · FY2023$15,000
Caring People AlliancePA · FY2023$15,000
Police Athletic League of PhiladelphiaPA · FY2023$10,000
Friends of Franklin Delano Roosevelt ParkPA · FY2023$10,000
Children Scholarship Fund PhiladelphiaPA · FY2023$10,000
Cambodian Association of Greater PhiladelphiaPA · FY2023$10,000
See all 50 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$212K revenue · ⤓ 990 PDF
FY2023$230K revenue · ⤓ 990 PDF
FY2022$159K revenue · ⤓ 990 PDF
FY2021$726K revenue · ⤓ 990 PDF
FY2020$197K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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