Civic Intelligence

Episcopal Healthcare Foundation

EIN 23-2993224 • 501(c)3 • Huntingdon Valley, PA

Profile

Assist in funding the health care needs of the community served by episcopal hospital, philadelphia, pennsylvania.

2160 Inverness LaneHuntingdon Valley, PA 19006

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

54th percentile

6.3%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

932%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$31,500,347

Up $1,879,174 (+6.3%) from 2023

Liabilities

Up

$6,617

Up $2,494 (+60%) from 2023

Net Assets

Up

$31,493,730

Up $1,876,680 (+6.3%) from 2023

Operations
Liabilities / Revenue6th percentileNet Margin95th percentile

Revenue

Up

$4,581,957

Up $4,137,893 (+932%) from 2023

Expenses

Down

$1,165,638

Down $84,209 (-6.7%) from 2023

Net Income

Up

$3,416,319

Up $4,222,102 (+524%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $24,293,748Liabilities 2011: $0Net Assets 2011: $24,293,7482011Assets 2012: $23,545,633Liabilities 2012: $179,333Net Assets 2012: $23,366,3002012Assets 2013: $25,018,727Liabilities 2013: $7,360Net Assets 2013: $25,011,3672013Assets 2014: $27,200,074Liabilities 2014: $6,308Net Assets 2014: $27,193,7662014Assets 2015: $27,066,987Liabilities 2015: $9,257Net Assets 2015: $27,057,7302015Assets 2016: $25,583,744Liabilities 2016: $10,799Net Assets 2016: $25,572,9452016Assets 2017: $27,348,092Liabilities 2017: $12,338Net Assets 2017: $27,335,7542017Assets 2018: $28,418,152Liabilities 2018: $13,857Net Assets 2018: $28,404,2952018Assets 2019: $28,163,346Liabilities 2019: $7,575Net Assets 2019: $28,155,7712019Assets 2020: $26,892,018Liabilities 2020: $2,902Net Assets 2020: $26,889,1162020Assets 2021: $32,489,706Liabilities 2021: $5,730Net Assets 2021: $32,483,9762021Assets 2022: $28,124,006Liabilities 2022: $5,873Net Assets 2022: $28,118,1332022Assets 2023: $29,621,173Liabilities 2023: $4,123Net Assets 2023: $29,617,0502023Assets 2024: $31,500,347Liabilities 2024: $6,617Net Assets 2024: $31,493,7302024

Highlighted filing

2024

Assets$31,500,347
Liabilities$6,617
Net Assets$31,493,730
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,795,6292011Revenue 2012: $1,080,326Expenses 2012: $866,423Net Income 2012: $213,9032012Expenses 2013: $545,9002013Revenue 2014: $1,596,670Expenses 2014: $955,774Net Income 2014: $640,8962014Revenue 2015: $1,457,922Expenses 2015: $934,039Net Income 2015: $523,8832015Revenue 2016: $453,084Expenses 2016: $970,662Net Income 2016: -$517,5782016Revenue 2017: $1,754,268Expenses 2017: $1,030,353Net Income 2017: $723,9152017Revenue 2018: $1,182,377Expenses 2018: $1,104,308Net Income 2018: $78,0692018Revenue 2019: $1,493,852Expenses 2019: $1,135,252Net Income 2019: $358,6002019Revenue 2020: $1,410,818Expenses 2020: $1,095,457Net Income 2020: $315,3612020Revenue 2021: $1,205,193Expenses 2021: $1,107,788Net Income 2021: $97,4052021Revenue 2022: $2,746,326Expenses 2022: $1,689,364Net Income 2022: $1,056,9622022Revenue 2023: $444,064Expenses 2023: $1,249,847Net Income 2023: -$805,7832023Revenue 2024: $4,581,957Expenses 2024: $1,165,638Net Income 2024: $3,416,3192024

Highlighted filing

2024

Revenue$4,581,957
Expenses$1,165,638
Net Income$3,416,319
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$31,500,347
Liabilities
$6,617
Net assets
$31,493,730
Revenue
$4,581,957
Expenses
$1,165,638
Net income
$3,416,319
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$0.01$31.5$4.58$1.17$3.42
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.6$0.00$29.6$0.44$1.25$0.81
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$0.01$28.1$2.75$1.69$1.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.5$0.01$32.5$1.21$1.11$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.9$0.00$26.9$1.41$1.10$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.2$0.01$28.2$1.49$1.14$0.36
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$0.01$28.4$1.18$1.10$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.3$0.01$27.3$1.75$1.03$0.72
2016Detailed filing. Detailed filing data is available for this year.$25.6$0.01$25.6$0.45$0.97$0.52
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$0.01$27.1$1.46$0.93$0.52
2014Detailed filing. Detailed filing data is available for this year.$27.2$0.01$27.2$1.60$0.96$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.0$0.01$25.0$0.55
2012Summary only. Only limited summary data is available for this year.$23.5$0.18$23.4$1.08$0.87$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$0.00$24.3$1.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$16,390,068
Mission and Program Overview

Mission

The foundation's mission is provide for the healthcare needs of the community served by episcopal hospital and to discharge its responsibilities in connection with the acquisition of episcopal hospital by temple university health system.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$28,240,772$29,976,143▲ $1,735,371
Savings and Temporary Cash Investments$1,292,986$1,447,994▲ $155,008
Accounts Receivable$87,415$76,210▼ $11,205
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$29,621,173$31,500,347▲ $1,879,174
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,123$6,617▲ $2,494
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,123$6,617▲ $2,494
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,617,050$31,493,730▲ $1,876,680
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$29,617,050$31,493,730▲ $1,876,680
Total Liabilities and Net Assets / Fund Balance$29,621,173$31,500,347▲ $1,879,174

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$29,617,050-▲ $2,895,807$1,019,127$31,493,730
2022$28,118,133-▲ $2,611,798$1,112,881$29,617,050
2021$32,483,976-▼ $2,815,520$1,550,323$28,118,133
2020$26,884,443-▲ $6,571,412$971,879$32,483,976
2019$28,155,771-▼ $287,543$983,785$26,884,443
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Meryle TwerskyChair
Joseph Marshall IiiVice President
Barbara NugentAssistant Secretary
Debra CiampiASSISTANT Secretary
Kathleen BarronSecRetary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,581,957
Other Revenue
$0
Change in Net Assets
$3,416,319

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,435,446
Revenue Not Reported on Financial Statements
$146,511
Revenue Not Reported on Form 990
$-1,539,639
Total Revenue per Audited Statements
$2,895,807
Total Revenue per Form 990
$4,581,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$962,000
Other Expenses$203,638
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$962,000--$962,000
Fees for Service Investment Mgmnt Fees-$146,511-$146,511
Fees for Services Legal-$37,818-$37,818
Fees for Services Accounting-$15,800-$15,800
Insurance-$3,509-$3,509
Total Functional Expenses$962,000$203,638$0$1,165,638

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,165,638
Expenses per Audited Statements$1,019,127
Total Expenses per Audited Statements$1,019,127
Expenses Not Reported on Financial Statements$146,511
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Temple University Hospital - Episcopal CampusPhiladelphia, PA501(c)(3)To Provide for the Healthcare Needs of the Community$962,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

“Governing body review of form 990 prior to its filing with the irs, a copy of final form 990 is provided to each voting member of the foundation's governing body.”

FORM 990, PART VI, SECTION B, LINE 12C:

“Monitoring and enforcement of conflicts policy all trustees provide the chair with a completed conflict of interest disclosure statement on an annual basis. The chair then reviews the disclosure statements and makes a report to the board of trustees at the next regular meeting.”

FORM 990, PART VI, SECTION B, LINE 15:

“Process for determining compensation the questions were answered "no" because the foundation did not have employees during the reporting year and does not anticipate that it will have employees in the future.”

FORM 990, PART VI, SECTION C, LINE 19:

“Public availability of other documents copies of the foundation's governing documents, financial statements and form 990 will be provided on request. They are also available for inspection at the foundation's office.”

FORM 990, PART VI, SECTION A, LINE 8B:

“Documentation of meetings and action the foundation did not have a separate committee. The governing body assumes all responsibilities.”

Filing and Contact Details

Filer

Filer Name
Episcopal Healthcare Foundation
EIN
23-2993224
In Care Of
% MERYLE TWERSKY
Phone
2159476048
Address
2160 Inverness Lane, Huntingdon Valley, PA 19006

Signing Officer

Name
Meryle Twersky
Title
Chair
Phone
2159476048
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meryle Twersky
Formed
1998
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Withumsmithbrown Pc
Address
1835 MARKET STREET SUITE 1710, PHILADELPHIA, PA 19103-2945
Preparer
Brian Page
Phone
2155462140
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“THE FOUNDATION'S MISSION IS TO PROVIDE FOR THE HEALTHCARE NEEDS OF THE COMMUNITY SERVED BY Temple University Hospital - Episcopal Campus AND TO DISCHARGE ITS RESPONSIBILITIES IN CONNECTION WITH THE ACQUISITION OF Temple University Hospital - Episcopal Campus BY TEMPLE UNIVERSITY HEALTH SYSTEM.”

Financial Statement Notes

PART V, LINE 4:

“INTENDED USE OF ENDOWMENT FUNDS PURSUANT TO AN AGREEMENT BETWEEN THE FOUNDATION, AND ITS SUPPORTED ORGANIZATION, Temple University Hospital - Episcopal Campus, THE FOUNDATION DISTRIBUTES INCOME TO Temple University Hospital - Episcopal Campus, WITH SUCH AMOUNT TO BE DETERMINED IN ACCORDANCE WITH STATE AND FEDERAL LAW.”

PART X, LINE 2:

“GAAP requires entities to evaluate, measure, recognize and disclose any uncertain tax positions. GAAP prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. The Foundation believes that it had no uncertain tax positions as defined in GAAP.”

Raw XML AppendixShowing 400 of 577 raw XML fields

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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04123
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06617
IRS990/AccountsReceivableGrp/BOYAmt087415
IRS990/AccountsReceivableGrp/EOYAmt076210
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MERYLE TWERSKY
IRS990/BooksInCareOfDetail/PhoneNum02159476048
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02160 INVERNESS LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HUNTINGDON VALLEY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019006
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0962000
IRS990/CYInvestmentIncomeAmt04581957
IRS990/CYOtherExpensesAmt0203638
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt03416319
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01165638
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04581957
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IRS990/DeferredRevenueGrp/BOYAmt00
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE FOUNDATION MADE GRANTS IN THE CURRENT FISCAL YEAR TOTALING $962,000 TO EPISCOPAL HOSPITAL.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt029617050
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt031493730
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
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IRS990/ExpenseAmt0962000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015800
IRS990/FeesForServicesAccountingGrp/TotalAmt015800
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt037818
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IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
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IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0146511
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.5
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0MERYLE TWERSKY
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSEPH MARSHALL III
IRS990/Form990PartVIISectionAGrp/PersonNm2DEBRA CIAMPI
IRS990/Form990PartVIISectionAGrp/PersonNm3Kathleen Barron
IRS990/Form990PartVIISectionAGrp/PersonNm4Barbara Nugent
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASSISTANT Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3SecRetary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Assistant Secretary
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt03259120
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0962000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
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IRS990/GrossReceiptsAmt016390068
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndependentVotingMemberCnt05
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0EPISCOPAL HEALTHCARE FOUNDATION (THE "FOUNDATION") IS A NONPROFIT ORGANIZATION, WHICH WAS INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA ON OCTOBER 15, 1998. THE FOUNDATION'S MISSION IS TO PROVIDE FOR THE HEALTHCARE NEEDS OF THE COMMUNITY SERVED BY Temple University Hospital - Episcopal Campus AND TO DISCHARGE ITS RESPONSIBILITIES IN CONNECTION WITH THE ACQUISITION OF Temple University Hospital - Episcopal Campus BY TEMPLE UNIVERSITY HEALTH SYSTEMS, INC. ON DECEMBER 7, 1998, Temple University Hospital - Episcopal Campus WAS ACQUIRED BY TEMPLE UNIVERSITY HEALTH SYSTEM, INC. AT THE TIME OF THE ACQUISITION, Temple University Hospital - Episcopal Campus HAD AN ENDOWMENT FUND, COMPRISED PRIMARILY OF MARKETABLE SECURITIES, OF $26,467,520. ON DECEMBER 7, 1998, THE FOUNDATION, TEMPLE UNIVERSITY HEALTH SYSTEMS, INC. AND Temple University Hospital - Episcopal Campus ENTERED INTO A CONTRIBUTION AND INDEMNITY AGREEMENT (THE "AGREEMENT") PURSUANT TO WHICH (1) Temple University Hospital - Episcopal Campus TRANSFERRED THE ENDOWMENT FUND TO THE FOUNDATION AND (2) THE FOUNDATION AGREED TO TRANSFER, SUBJECT TO SPECIFIED CONDITIONS, CERTAIN INCOME EARNED BY THE ENDOWMENT FUND TO Temple University Hospital - Episcopal Campus IN ACCORDANCE WITH FEDERAL AND STATE LAW. THAT AGREEMENT WAS AMENDED IN 2012 (THE "FIRST AMENDMENT") BY THE PARTIES TO BRING THE PAYOUT PERCENTAGE IN LINE WITH CHANGES TO PENNSYLVANIA LAW AND TO MODIFY THE PURPOSES FOR WHICH Temple University Hospital - Episcopal Campus COULD BE OPERATED. THE AGREEMENT HAD SPECIFIED THAT EPISCOPAL WOULD OWN AND OPERATE AN ACUTE CARE HOSPITAL AT 100 EAST LEHIGH AVENUE. THE FIRST AMENDMENT PROVIDED THAT EPISCOPAL COULD, DIRECTLY OR THROUGH TEMPLE UNIVERSITY HOSPITAL, PROVIDE "SIGNIFICANT COMMUNITY-BASED HEALTHCARE SERVICES" AT 100 EAST LEHIGH AVENUE. THE TRANSFER OF THE ENDOWMENT FUND TO THE FOUNDATION, AS WELL AS THE ACQUISITION AGREEMENT BETWEEN Temple University Hospital - Episcopal Campus AND TEMPLE UNIVERSITY HEALTH SYSTEM, INC. WERE APPROVED BY THE COURT OF COMMON PLEAS OF PHILADELPHIA COUNTY, ORPHANS' COURT DIVISION, ON SEPTEMBER 30, 1998. THE FIRST AMENDMENT WAS APPROVED BY THE COURT ON MAY 7, 2019.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Exception rule applied Reg 53,4942(A)-2(c)(3)(IV): Facts and circumstances indicate a higher amount should be used
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