2024-05-15T10:49:32-05:00 2023-06-30 WithumSmithBrown PC 1835 MARKET STREET SUITE 1710 PHILADELPHIA PA 191032945 990 2022-07-01 232014559 METHODIST HOSPITAL FOUNDATION % RONALD C KELLER CPA METH 2155038958 2301 SOUTH BROAD STREET PHILADELPHIA PA 191483542 JOHN MORDACH EVP CFO 2155038958 2024-05-15 true JOHN MORDACH 000000000 Scott J Mariani P00642486 2155462140 2 2022 2023-04-26 12:10:37Z JOSEPH P ANTON 1101 MARKET ST STE 2004 PHILADELPHIA PA 19107 263715 false X WWW.METHHOSPFDN.ORG X 1976 PA TO RAISE FUNDS AND PROVIDE GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY. 11 11 0 29 0 0 26330 76354 0 0 133413 182011 -889 -28286 158854 230079 230859 232686 0 0 0 0 0 0 0 88053 85037 318912 317723 -160058 -87644 11960825 12662931 223213 107521 11737612 12555410 X THE METHODIST HOSPITAL FOUNDATION ("FOUNDATION") IS A PUBLIC CHARITY WHICH SERVES AS THE FUND-RAISING ARM OF METHODIST HOSPITAL. THE FOUNDATION'S CHARITABLE MISSION IS TO RAISE FUNDS AND PROVIDE GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY. THE FOUNDATION ALLOWS METHODIST HOSPITAL TO CONTINUE ITS STEWARDSHIP OF ITS COMMUNITY. IN 1998, THE METHODIST HOSPITAL FOUNDATION BEGAN TO SOLICIT GRANT REQUESTS FROM THE PUBLIC SECTOR FOR HEALTHCARE RELATED PROGRAMS. THE GRANT PROGRAM EMPOWERS GRASS ROOTS ORGANIZATIONS BY MAKING AVAILABLE TO THEM THE FINANCIAL RESOURCES THEY SO DESPERATELY NEED TO PROVIDE HOME CARE, ELDER CARE, FAMILY AND CHILDREN SERVICES AND OTHER PROGRAMS THAT UNITE OUR DIVERSE NEIGHBORHOOD AND KEEP IT STRONG. SINCE THAT TIME, THE FOUNDATION HAS REINVESTED OVER $1,500,000 IN THE COMMUNITY THROUGH ITS GRANT PROGRAM. THE GRANTS AWARDED REPRESENT A COLLABORATIVE EFFORT BETWEEN OUR COMMUNITY CENTERS AND ORGANIZATION false false 317723 232686 0 EXPENSES INCURRED IN RAISING FUNDS AND PROVIDING GRANTS TO SUPPORT THE DELIVERY OF HEALTHCARE SERVICES AT METHODIST HOSPITAL AND WITHIN THE SURROUNDING COMMUNITY. 317723 true true false false false false false false false true false false false true false false true false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false true 7 0 true 0 false false false false false true true false false false false false false X 11 11 false false false false false true true true true false false true true true true false false false false false PA X RONALD C KELLER CPA 2155038344 1101 MARKET STREET STE 2004 PHILADELPHIA PA 19107 X J JEFFREY GRANT CHAIRMAN - TRUSTEE 5.0 0.0 X X 0 0 0 JANICE R BELLACE ESQ VICE CHAIR - TRUSTEE 5.0 0.0 X X 0 0 0 HONORABLE MATTHEW CARRAFIELLO VICE CHAIR - TRUSTEE 5.0 0.0 X X 0 0 0 FRANK H WISNIEWSKI ESQ VICE CHAIR - TRUSTEE 5.0 0.0 X X 0 0 0 JOSEPH P ANTON TRUSTEE - PRESIDENT/CEO 5.0 0.0 X X 0 0 0 REVEREND CHARLES C COLE TRUSTEE 5.0 0.0 X 0 0 0 GEORGE E DEMING TRUSTEE 5.0 0.0 X 0 0 0 CATRIONA HARROP MD TRUSTEE 5.0 0.0 X 0 0 0 REV DR CHRISTOPHER KURIEN TRUSTEE 5.0 0.0 X 0 0 0 DANIEL PEOU TRUSTEE 5.0 0.0 X 0 0 0 JAMES E ROBINSON TURSTEE 5.0 0.0 X 0 0 0 0 0 0 0 false false false 0 21383 54971 76354 0 4168 0 4168 0 0 0 0 0 177843 177843 177843 0 177843 5350 21383 33636 -28286 0 -28286 0 0 0 0 0 0 0 230079 0 153725 X 232686 232686 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77335 77335 0 0 0 754 754 0 0 0 0 0 0 0 0 0 6933 6933 OTHER EXPENSES 15 15 317723 317723 0 0 X 27834 57003 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8501 12172 0 0 0 0 0 0 0 0 0 0 0 0 11924490 12593756 11960825 12662931 109824 32521 113389 75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 223213 107521 X 35949 154366 11701663 12401044 11737612 12555410 11960825 12662931 -87644 905442 X X false true X true false X 102119 6965 66920 26330 76354 278688 0 0 102119 6965 66920 26330 76354 278688 36812 241876 22 4004 12983 2487 4168 23664 0 0 302352 77510 0.79998 0.93303 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11804491 1086297 372030 12518758 13077624 -976392 296741 11804491 10560132 2889062 371570 13077624 10544287 250845 235000 10560132 9980004 614283 50000 10544287 0.00940 0.99060 true false POOLED INVESTMENT FUNDS 12593756 12593756 469774 11873 427000 438873 30901 199178 199178 230079 351358 33635 33635 317723 317723 SCHEDULE D, PART V; QUESTION 4 THE METHODIST HOSPITAL FOUNDATION ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SUPPORT TO METHODIST HOSPITAL AND THE COMMUNITY. AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE ORGANIZATION FOR THE YEARS ENDED JUNE 30, 2023 AND JUNE 30, 2022; RESPECTIVELY. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE ORGANIZATIONS'S AUDITED FINANCIAL STATEMENTS THAT ADDRESSES THE ORGANIZATION'S ENDOWMENT FUNDS: METHODIST HOSPITAL FOUNDATION'S ENDOWMENT CONSISTS OF 31 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. SCHEDULE D, PART XI; LINE 2D AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 INCLUDE: - NET ASSETS RELEASED FROM RESTRICTION - $427,000. SCHEDULE D, PART XI; LINE 4B AMOUNTS INCLUDED ON FORM 990, PART VIII, LINE 12 BUT NOT ON LINE 1 INCLUDE: - REALIZED GAIN FROM INVESTMENTS - $177,843; - SPECIAL EVENT EXPENSES - ($33,635); AND - CONTRIBUTIONS (DONOR RESTRICTED) - $54,970. SCHEDULE D, PART XII; LINE 2D AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 INCLUDE: - SPECIAL EVENT EXPENSES - $33,635. FASHION SHOW 26733 21383 5350 19850 13169 617 0 26733 21383 5350 19850 13169 617 33636 -28286 true AUGUSTINIAN DEF OF THE RIGHTS OF THE POOR 2130 S 21ST STREET PHILADELPHIA PA 19145 841672289 501(C)(3) 10000 PROGRAM SUPPORT CAMBODIAN ASSOC OF GREATER PHILADELPHIA 2416 S 7TH STREET PHILADELPHIA PA 19148 232169935 501(C)(3) 10000 PROGRAM SUPPORT CARING PEOPLE ALLIANCE 123 s broad street PHILADELPHIA PA 19109 231352104 501(C)(3) 15000 GENERAL SUPPORT CHILDRENS SCHOLARSHIP FUND PHILADELPHIA 100 S BROAD STREET PHILADELPHIA PA 19110 233078729 501(C)(3) 10000 PROGRAM SUPPORT DISCOVERY PATHWAYS 1211 FITZGERALD ST PHILADELPHIA PA 19148 850979344 501(C)(3) 9975 GENERAL SUPPORT FRIENDS OF FDR PARK 1900 PATTISON AVE PHILADELPHIA PA 19145 232551805 501(C)(3) 10000 PROGRAM SUPPORT KENNEDY UNIVERSITY HOSPITAL 1101 MARKET STREET PHILADELPHIA PA 19107 221773439 501(C)(3) 100000 PROGRAM SUPPORT POLICE ATHLETIC LEAGUE 3068 BELGRADE STREET PHILADELPHIA PA 19134 231507837 501(C)(3) 10000 PROGRAM SUPPORT THOMAS JEFFERSON UNIVERSITY 1101 MARKET STREET PHILADELPHIA PA 19107 231352651 501(C)(3) 35000 PROGRAM SUPPORT 9 SCHEDULE I, PART I, LINE 2 CONSISTENT WITH ITS ARTICLES OF INCORPORATION AND CERTAIN RESTRICTED FUNDS, METHODIST HOSPITAL FOUNDATION MAKES GRANTS TO THE METHODIST HOSPITAL DIVISION OF THOMAS JEFFERSON UNIVERSITY HOSPITALS, INC. IN FURTHERANCE OF ITS CHARITABLE MISSION. ADDITIONALLY, THE ORGANIZATION MAKES GRANTS TO OTHER COMMUNITY ORGANIZATIONS. GRANTS ARE MONITORED BY THE ORGANIZATION'S GOVERNING BODY. CORE FORM, PART VI; QUESTIONS 7A & 7B IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS, THE BISHOP WITH EPISCOPAL RESPONSIBILITY FOR THE EASTERN PENNSYLVANIA CONFERENCE OF THE UNITED METHODIST CHURCH OR HIS/HER DESIGNEE AND THE SENIOR ADMINISTRATOR OR HIS/HER DESIGNEE OF THE METHODIST HOSPITAL DIVISION OF THE THOMAS JEFFERSON UNIVERSITY HOSPITALS, INC. SHALL BE TRUSTEES EX-OFFICIO, WITH FULL PRIVILEGES AND RIGHTS AS TRUSTEES. AT ALL TIMES, A MAJORITY OF THE MEMBERS OF THE BOARD OF TRUSTEES SHALL BE MEMBERS OF THE UNITED METHODIST CHURCH, TWO (2) OF WHOM SHALL BE ELECTED BY THE EASTERN PENNSYLVANIA CONFERENCE OF THE UNITED METHODIST CHURCH. ADDITIONALLY, UNDER THE BYLAWS, ANY AMENDMENTS TO THE ARTICLES OF INCORPORATION RELATING TO THE PURPOSE OF THE FOUNDATION BEING TO INVEST AND GENERALLY ADMINISTER ITS ASSETS FOR THE BENEFIT OF THE METHODIST HOSPITAL DIVISION, OR ANY AMENDMENTS TO THE BYLAWS RELATING TO DESIGNEES OF METHODIST HOSPITAL DIVISION OR OF TJUH SERVING ON THE BOARD OR THE NOMINATING COMMITTEE, SHALL BE SUBJECT TO THE APPROVAL OF THOMAS JEFFERSON UNIVERSITY HOSPITALS, INC. CORE FORM, PART VI; QUESTION 11B THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF THE ORGANIZATION'S GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). THE ORGANIZATION'S FINANCE AND AUDIT COMMITTEE ("COMMITTEE") HAS ASSUMED THE RESPONSIBILITY TO OVERSEE AND COORDINATE THE FEDERAL FORM 990 PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE ORGANIZATION'S FEDERAL FORM 990 TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR THEIR REVIEW. THE INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE INTERNAL WORKING GROUP FOR FINAL REVIEW AND APPROVAL. THEREAFTER, THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S INDEPENDENT TAX COUNSEL, FINANCE AND AUDIT COMMITTEE AND ITS GOVERNING BODY FOR REVIEW, PRIOR TO FILING WITH THE IRS. CORE FORM, PART VI; QUESTION 12 THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY ("POLICY") IN WHICH TRUSTEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS ON AN ANNUAL BASIS. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIS POLICY AS OUTLINED WITHIN THE ORGANIZATION'S BYLAWS AND INCLUDED BELOW. EACH COVERED PERSON COMPLETES AN ANNUAL STATEMENT DISCLOSING THE FACTS RELATING TO ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND PROVIDES THIS STATEMENT TO THE CHAIRMAN OF THE ORGANIZATION'S GOVERNING BODY. THE CHAIRMAN REPORTS THE RESULTS OF THE ANNUAL DISCLOSURE STATEMENTS TO THE BOARD AT ITS ANNUAL MEETING. IN ADDITION, IF ANY COVERED PERSON HAS A DIRECT OR INDIRECT INTEREST IN ANY PROPOSED CONTRACT, TRANSACTION, OR OTHER ARRANGEMENT INVOLVING THE FOUNDATION OR TJUH, THE COVERED PERSON MUST DISCLOSE THE INTEREST TO THE BOARD OR COMMITTEE AUTHORIZING THE CONTRACT, TRANSACTION, OR OTHER ARRANGEMENT, AND THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE INTEREST CONSTITUTES A CONFLICT OF INTEREST PRIOR TO TAKING ANY ACTION. A COVERED PERSON WHO HAS A CONFLICT-OF-INTEREST MAY ANSWER QUESTIONS OF THE BOARD OR COMMITTEE CONSIDERING THE CONTRACT, TRANSACTION, OR OTHER ARRANGEMENT THAT INVOLVES THE CONFLICT. HOWEVER, AFTER ANSWERING QUESTIONS, THE COVERED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE MERITS OF THE MATTER AND SHALL NOT VOTE ON THE MATTER. THE COVERED PERSON SHALL BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM. THE MINUTES OF MEETINGS OF THE BOARD AND COMMITTEES SHALL INCLUDE THE FOLLOWING: - THE NAMES OF ALL PERSONS WHO DISCLOSED AN INTEREST OR WERE FOUND TO HAVE A CONFLICT OF INTEREST, THE NATURE OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTED, AND WHETHER THE BOARD OR COMMITTEE DETERMINED THERE WAS A CONFLICT OF INTEREST; - THE NAMES OF THE PERSONS WHO ABSENTED THEMSELVES FROM THE MEETING DURING DISCUSSIONS AND VOTES RELATING TO THE MATTER; - THE CONTENT OF ANY DISCUSSION RELATING TO THE MATTER, INCLUDING ANY ALTERNATIVES; AND - A RECORD OF THE VOTE ON THE PROPOSED CONTRACT, TRANSACTION, OR OTHER ARRANGEMENT. COPIES OF ANY REPORTS, APPRAISALS, OR OTHER WRITTEN DATA PRESENTED AT THE MEETING TO ANALYZE THE CONFLICT OF INTEREST OR TO VOTE ON THE MATTER SHALL BE FILED WITH THE MINUTES. THE MINUTES SHALL BE PREPARED BEFORE THE LATER OF THE NEXT MEETING OF THE BOARD OR APPLICABLE COMMITTEE OR 60 DAYS AFTER THE FINAL ACTION IS TAKEN BY THE BOARD OR COMMITTEE. THE BOARD OR APPLICABLE COMMITTEE SHALL REVIEW THE MINUTES WITHIN A REASONABLE PERIOD OF TIME AFTER THEIR PREPARATION. CORE FORM, PART VI; QUESTION 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE LISTED WITHIN CORE FORM, PART VII. CORE FORM, PART VI; QUESTION 19 THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE COMMONWEALTH OF PENNSYLVANIA. TO THE EXTENT REQUIRED BY APPLICABLE LAW, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CORE FORM, PART X core form, Part X; Beginning of year liabilities reflects a reclassification. The reclassification did not impact the total net assets or fund balance at the beginning of the year. The prior year Form 990 was not amended. CORE FORM, PART XII; QUESTION 2 AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING ("CPA") FIRM AUDITED THE FINANCIAL STATEMENTS OF THE ORGANIZATION FOR THE FISCAL YEARS ENDED JUNE 30, 2023 AND JUNE 30, 2022; RESPECTIVELY. AN UNMODIFIED OPINION WAS ISSUED EACH YEAR BY THE INDEPENDENT CPA FIRM. THE ORGANIZATION'S FINANCE AND AUDIT COMMITTEE HAS ASSUMED RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS, WHICH INCLUDES THE SELECTION OF AN INDEPENDENT AUDITOR. FORM 990 PART IX LINE 11G DESCRIPTION:OUTSIDE SERVICES TOTAL FEES:44835 FORM 990 PART IX LINE 11G DESCRIPTION:PROFESSIONAL FEES TOTAL FEES:32500