Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 23-2829674 • 501(c)3 • Glen Mills, PA
Profile
Support to lankenau hospital
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
35th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
40th percentile
Faster asset growth than 40% of similar nonprofits.
Revenue Growth
85th percentile
Faster revenue growth than 85% of similar nonprofits.
Assets
Down$647,101
Down $3,578 (-0.5%) from 2024
Liabilities
Flat$0
Flat from 2024
Net Assets
Down$647,101
Down $3,578 (-0.5%) from 2024
Revenue
Up$27,797
Up $10,576 (+61%) from 2024
Expenses
Up$31,375
Up $1,025 (+3.4%) from 2024
Net Income
Up-$3,578
Up $9,551 (+73%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
Support to lankenau hospital
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cap Stk Tr Prin Current Funds | $1,602,380 | $1,602,380 | → $0 |
| Investments in Publicly Traded Securities | $606,370 | $603,094 | ▼ $3,276 |
| Savings and Temporary Cash Investments | $44,308 | $44,006 | ▼ $302 |
| Cash and Non-Interest-Bearing Accounts | $1 | $1 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $-951,701 | $-955,279 | ▼ $3,578 |
| Total Assets | $650,679 | $647,101 | ▼ $3,578 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $650,679 | $647,101 | ▼ $3,578 |
| Total Liabilities and Net Assets / Fund Balance | $650,679 | $647,101 | ▼ $3,578 |
| Name | Title |
|---|---|
| Michael a Covolus | President |
| Line Item | Amount |
|---|---|
| Other Expenses | $31,375 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $2,000 | - | - | $2,000 |
| Fees for Services Accounting | $1,375 | - | - | $1,375 |
| Total Functional Expenses | $31,375 | $0 | $0 | $31,375 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Form 990, part vi, section a, line 8b no committees exist form 990, part vi, section a, line 11b the trustee of the endowment reviews the return before filing. The sole beneficiary is paid at least in accordance to the endowment requirements. Information is provided to the lankenau hospital each quarter.”
“The trustee reviews the monthly brokerage statements and evaluates any significant changes from prior filings.”
“The endowment exists to benefit a single hospital, lankenau hospital. The trustee has no relationship with the beneficiary and thus no conflict of interest exists.”
“The organization's sole purpose is to support lankenau hospital”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | SUPPORT TO LANKENAU HOSPITAL |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MICHAEL A COVOLUS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8563848400 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5 GLENMORE DR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GLEN MILLS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 19243 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 1602380 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 1602380 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | false |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 27797 |
| IRS990/CYOtherExpensesAmt | 0 | 31375 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -3578 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 31375 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 27797 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | THE ORGANIZATION'S SOLE PURPOSE IS TO SUPPORT LANKENAU HOSPITAL |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 1375 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1375 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MICHAEL A COVOLUS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1995 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 1 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 27797 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2562 |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 2562 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 25235 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 25235 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 606370 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 603094 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | PA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | SUPPORT TO LANKENAU HOSPITAL |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 650679 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 647101 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | LANKENAU HOSPITAL |
| IRS990/OtherExpensesGrp/Desc | 1 | TRUSTEE FEES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 28000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 2000 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 28000 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 2000 |
| IRS990/OtherOrganizationDsc | 0 | ENDOWMENT FU |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | MICHAEL A COVOLUS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | THE ORGANIZATION'S SOLE PURPOSE IS TO SUPPORT LANKENAU HOSPITAL |
| IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt | 0 | 31375 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 17221 |
| IRS990/PYOtherExpensesAmt | 0 | 30350 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -13129 |
| IRS990/PYTotalExpensesAmt | 0 | 30350 |
| IRS990/PYTotalRevenueAmt | 0 | 17221 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -3578 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | -951701 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | -955279 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 44308 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 44006 |
| IRS990ScheduleA/HospitalInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION'S SOLE PURPOSE IS TO SUPPORT LANKENAU HOSPITAL |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES EXIST FORM 990, PART VI, SECTION A, LINE 11B THE TRUSTEE OF THE ENDOWMENT REVIEWS THE RETURN BEFORE FILING. THE SOLE BENEFICIARY IS PAID AT LEAST IN ACCORDANCE TO THE ENDOWMENT REQUIREMENTS. INFORMATION IS PROVIDED TO THE LANKENAU HOSPITAL EACH QUARTER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE TRUSTEE REVIEWS THE MONTHLY BROKERAGE STATEMENTS AND EVALUATES ANY SIGNIFICANT CHANGES FROM PRIOR FILINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ENDOWMENT EXISTS TO BENEFIT A SINGLE HOSPITAL, LANKENAU HOSPITAL. THE TRUSTEE HAS NO RELATIONSHIP WITH THE BENEFICIARY AND THUS NO CONFLICT OF INTEREST EXISTS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 650679 |
| IRS990/TotalAssetsEOYAmt | 0 | 647101 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 650679 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 647101 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 31375 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 31375 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 650679 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 647101 |
| IRS990/TotalOtherProgSrvcExpenseAmt | 0 | 31375 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 31375 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 27797 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 27797 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 650679 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 647101 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 5 GLENMORE DR |
| IRS990/USAddress/CityNm | 0 | GLEN MILLS |
| IRS990/USAddress/StateAbbreviationCd | 0 | PA |
| IRS990/USAddress/ZIPCd | 0 | 19243 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 1 |
| IRS990/VotingMembersIndependentCnt | 0 | 1 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL A COVOLUS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6103585052 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-01-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DOMENICK & MILDRED DIFALCO ENDOWMEN |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DOME |
| ReturnHeader/Filer/EIN | 0 | 232829674 |
| ReturnHeader/Filer/PhoneNum | 0 | 8563848400 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5 GLENMORE DR |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GLEN MILLS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | PA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 19243 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 202115106 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | VERNA & ASSOCIATES |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 105 JESSUP RD STE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | THOROFARE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 080869354 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8563848400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-02-12 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBERT J DE LA COUR CPA |
| ReturnHeader/ReturnTs | 0 | 2026-02-12T10:04:46-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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