LANKENAU MEDICAL CENTER FOUNDATION: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
LANKENAU MEDICAL CENTER FOUNDATION (EIN 23-2176723)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-05-13
IRS object ID
201141339349302364
Schema version
2009v1.7
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-05-13T10:38:03-05:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1PricewaterhouseCoopers LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12001 MARKET ST SUITE 1700AddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19103ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN232176723EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE LANKENAU HOSPITAL FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLANKNameControl
Phone4843378480Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1100 LANCASTER AVENUEAddressLine1
CityWYNNEWOODCity
StatePAState
ZIP Code19096ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMICHAEL J BUONGIORNOName
TitleTREASURERTitle
Date Signed2011-05-09DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone2673303000Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMichael J BuongiornoTreasurerNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1100 Lancaster AvenueAddressLine1
CityWynnewoodCity
StatePAState
ZIP Code19096ZIPCode
FieldValueIRS element (for citing)
Gross Receipts31947000GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1981YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionAn organization that engages in investment and fundraising activities for and provides support to the Lankenau Hospital and the Lankenau Institute of Medical Research.ActivityOrMissionDescription
Nbr Voting Members Governing Body31NbrVotingMembersGoverningBody
Nbr Independent Voting Members24NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers154TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year10034000ContributionsGrantsPriorYear
Contributions Grants Current Year6904000ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year-15705000InvestmentIncomePriorYear
Investment Income Current Year24423000InvestmentIncomeCurrentYear
Other Revenue Prior Year196000OtherRevenuePriorYear
Other Revenue Current Year203000OtherRevenueCurrentYear
Total Revenue Prior Year-5475000TotalRevenuePriorYear
Total Revenue Current Year31530000TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year11327000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY8954000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year1234000TotalFundrsngExpCurrentYear
Other Expense Prior Year1629000OtherExpensePriorYear
Other Expenses Current Year1351000OtherExpensesCurrentYear
Total Expenses Prior Year12956000TotalExpensesPriorYear
Total Expenses Current Year10305000TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-18431000RevenuesLessExpensesPriorYear
Revenues Less Expenses CY21225000RevenuesLessExpensesCY
Total Assets BOY276612000TotalAssetsBOY
Total Assets EOY308509000TotalAssetsEOY
Total Liabilities BOY263000TotalLiabilitiesBOY
Total Liabilities EOY470000TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY276349000NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY308039000NetAssetsOrFundBalancesEOY
Mission DescriptionAn organization that engages in investment and fundraising activities for and provides support to the Lankenau Hospital and the Lankenau Institute of Medical Research.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense8954000Expense
Grants8954000Grants
Revenue203000Revenue
DescriptionExpenses consist of funds spent in accordance with donor intent; e.g. medical education, medical research, indigent care, capital purchases, and support for other hospital programs. Revenue consists of net income from fundraising events.Description
Total Program Service Expense8954000TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationtrueBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArttrueDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109620NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccounttrueForeignFinancialAccount
Name Of Foreign CountryCJNameOfForeignCountry
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Nbr Voting Governing Body Members31NbrVotingGoverningBodyMembers
Number Independent Voting Members24NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovaltrueDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonANGELO SAVELLONINamePerson
Telephone Number4843378840TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1950 HAVERFORD ROADAddressLine1
CityBRYN MAWRCity
StatePAState
ZIP Code19010ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (33 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
Alfred W Putnam Jr
Chairman & Trustee1.0XX000
Elaine C Thompson PhD
President & Ex-Officio Trustee1.0XX056586716987
Robert L Benz MD
Ex-Officio Trustee1.0X000
Stephen Berman
Trustee1.0X000
Kenneth L Brier
Trustee1.0X000
Barbara Evans
Ex-Officio Trustee1.0X000
Marion L Fox
Trustee1.0X000
Louis W Fryman
Trustee1.0X000
C Meade Geisel Jr
Trustee1.0X000
George W Gephart Jr
Ex-Officio Trustee1.0X000
Scott Goldman MD
Trustee1.0X087104925672
Arlin Green
Trustee1.0X000
Frederick C Haab
Trustee1.0X000
Robert Hall
Trustee1.0X000
Peter H Havens
Trustee1.0X000
Edward L Jones Jr
Trustee1.0X000
Edward W Leisenring
Trustee1.0X000
William J Lewis MD
Trustee1.0X0150000
John J Lynch
Ex-Officio Trustee1.0X01189451168183
Dennis S Marlo
Trustee1.0X000
Wistar Morris III
Trustee1.0X000
Rev Kristine Ann Peterson
Trustee1.0X000
Jerome Santoro MD
Trustee1.0X000
Barbara Mozino Seegul
Trustee1.0X000
Mary Anne M Stetzer
Trustee1.0X000
Jospeh Watkins
Trustee1.0X000
Robert J Weinberg
Trustee1.0X000
Warren Weiner
Trustee1.0X000
Raye E Johnson
Trustee1.0X000
Richard Schmidt MD
Ex-Officio Trustee1.0X000
Thomas Meyer MD
Ex-Officio Trustee1.0X000
Michael J Buongiorno
Vice President/Treasurer1.0X063094996762
Cheryl Henrich
Secretary1.0X0600947705
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs3332410TotalReportableCompFrmRltdOrgs
Total Other Compensation315309TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

FieldValueIRS element (for citing)
Name PersonNONENamePerson
FieldValueIRS element (for citing)
Address Of ContractorAddressOfContractor
FieldValueIRS element (for citing)
Number Of Contractors GT100 K0NumberOfContractorsGT100K
All Other Contributions6904000AllOtherContributions
Noncash Contributions34000NoncashContributions
Total Contributions6904000TotalContributions
Total Program Service Revenue0TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column24423000TotalRevenueColumn
Exclusion$24,423,000ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Gross Income Fundraising Events620000GrossIncomeFundraisingEvents
Fundraising Direct Expenses417000FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column203000TotalRevenueColumn
Exclusion$203,000ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Total Other Revenue0TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column31530000TotalRevenueColumn
Exclusion$24,626,000ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total8954000Total
Program Services8954000ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total0Total

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total0Total

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total0Total

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total0Total

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total0Total

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total0Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total117000Total
Program Services0ProgramServices
Management And General117000ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total0Total

Advertising Advertising

FieldValueIRS element (for citing)
Total0Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total0Total

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total0Total

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total0Total

Travel Travel

FieldValueIRS element (for citing)
Total0Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total0Total

Insurance Insurance

FieldValueIRS element (for citing)
Total0Total

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionDEVELOPMENT EXPENSESDescription
Total1234000Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising1234000Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total10305000Total
Program Services8954000ProgramServices
Management And General117000ManagementAndGeneral
Fundraising1234000Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY1621000BOY
EOY1959000EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis950000LandBuildingsEquipmentBasis

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY950000BOY
EOY950000EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY260381000BOY
EOY290550000EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY13660000BOY
EOY15050000EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY276612000BOY
EOY308509000EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY40000BOY
EOY40000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY223000BOY
EOY430000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY263000BOY
EOY470000EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY205550000BOY
EOY227811000EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY30157000BOY
EOY35219000EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY40642000BOY
EOY45009000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY276349000BOY
EOY308039000EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY276612000BOY
EOY308509000EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3XSupportingOrganization509a3
Supporting Org509a3 Type3 OtherXSupportingOrg509a3Type3Other
Certification CheckboxXCertificationCheckbox
Contrib By Controlling IndividualfalseContribByControllingIndividual
Contribution By Related PartyfalseContributionByRelatedParty
Contrib By35 Controlled EntityfalseContribBy35ControlledEntity

Supported Org Information SupportedOrgInformation (2 entries)

EINEINType Of OrganizationTypeOfOrganizationListed In Governing DocListedInGoverningDocSupported Organization NotifiedSupportedOrganizationNotifiedOrganized In USOrganizedInUSAmountAmount
MAIN LINE HOSPITALS-LANKENAU
23135216003truetruetrue$8,704,000
LANKENAU INSTITUTE FOR MEDICAL RESEARCH
23217565904truetruetrue$1,601,000
FieldValueIRS element (for citing)
Total Number Of Supported Orgs2TotalNumberOfSupportedOrgs
Sum Of Amounts10305000SumOfAmounts

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance40642000BeginningOfYearBalance
Contributions3545000Contributions
Investment Earnings Or Losses822000InvestmentEarningsOrLosses
End Of Year Balance45009000EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance35548000BeginningOfYearBalance
Contributions7580000Contributions
Investment Earnings Or Losses-2486000InvestmentEarningsOrLosses
End Of Year Balance40642000EndOfYearBalance
FieldValueIRS element (for citing)
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Investment Cost Or Other Basis950000InvestmentCostOrOtherBasis
Book Value950000BookValue
FieldValueIRS element (for citing)
BuildingsBuildings
Leasehold ImprovementsLeaseholdImprovements
EquipmentEquipment
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings950000TotalOfBookValueLandBuildings

Other Assets OtherAssets (2 entries)

DescriptionDescriptionBook ValueBookValue
PERPETUAL TRUSTS9768000
MLH REALTY LLC5282000
FieldValueIRS element (for citing)
Total Book Value Other Assets15050000TotalBookValueOtherAssets
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionDUE TO AFFILIATED HOSPITALDescription
Amount$430,000Amount
FieldValueIRS element (for citing)
Total Of Amounts430000TotalOfAmounts
Total Revenue31530000TotalRevenue
Total Expenses10305000TotalExpenses
Excess Or Deficit For Year21225000ExcessOrDeficitForYear
Net Unrealized GL On Investments9847000NetUnrealizedGLOnInvestments
Other$618,000OtherAmount
Total Adjustments10465000TotalAdjustments
Excess Or Deficit Per FS31690000ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt41995000TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments9847000NetUnrealizedGainsInvestments
Other Revenues618000OtherRevenues
Revenue Not Rptd F99010465000RevenueNotRptdF990
Revenue Subtotal31530000RevenueSubtotal
Total Revenue Per Form99031530000TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt10305000TotExpensesEtcAuditedFinclStmt
Expenses Subtotal10305000ExpensesSubtotal
Total Expenses Per Form99010305000TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifierExplanationExplanation
Part XI, Line 8The $618,000 consists of Women's Board change in net asset-Footnote on financial statements only ($203,000). Loss on investment partnership and MLH Realty LLC ($1,000) and change in valuation of beneficial Trust $822,000.
Part XII, Line 2DThe $618,000 consists of Women's Board change in net asset-Footnote on financial statements only ($203,000). Loss on investment partnership and MLH Realty LLC ($1,000) and change in valuation of beneficial Trust $822,000.
Part V, Line 4The Endowments support indigent care, medical education and medical research, capital purchases, and other hospital programs.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Licensed StatesPALicensedStates

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1Hamper ShopNameOfEvent1
Gross Receipts Event1274000GrossReceiptsEvent1
Gross Revenue Event1274000GrossRevenueEvent1
Other Direct Expenses Event1242000OtherDirectExpensesEvent1
Name Of Event2Gift ShopNameOfEvent2
Gross Receipts Event2111000GrossReceiptsEvent2
Gross Revenue Event2111000GrossRevenueEvent2
Other Direct Expenses Event2110000OtherDirectExpensesEvent2
Total Number Of Other Events3TotalNumberOfOtherEvents
Gross Receipts Other Events235000GrossReceiptsOtherEvents
Gross Revenue Other Events235000GrossRevenueOtherEvents
Other Direct Expenses Other Events65000OtherDirectExpensesOtherEvents
Gross Receipts Total620000GrossReceiptsTotal
Gross Revenue Total Events620000GrossRevenueTotalEvents
Other Direct Expenses Total Events417000OtherDirectExpensesTotalEvents
Direct Expense Summary Events417000DirectExpenseSummaryEvents
Net Income Summary203000NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrant
Main Line Hospitals-Lankenau Campus
100 Lancaster AvenueWynnewoodPA19096231352160501 (C) (3)8704000
Lankenau Institute For Medical Research
100 Lancaster AvenueWynnewoodPA19096232175659501 (C) (3)1601000
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants2TotalNbrOf501C3AndGovtGrants

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPart I, Line 2Identifier
ExplanationThe Hospital prepares a summary of program expenditures and presents a grant request form to the Foundation. The Foundation reviews and approves or disapproves the request, ensuring compliance with donor's intent.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentstrueAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Elaine C Thompson PhD
045478401103830700000169870582854020428
Michael J Buongiorno
04766240152905014200702690264930727711022491
Scott Goldman MD
08148220550200120700025672089672100
John J Lynch
076038804156430134200141302026881013576340107822

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSchedule J DisclosuresIdentifier
ExplanationForm 990, Schedule J, Part I, Line 7 The Compensation of the CEO, EVP & Chief Financial Officer, hospital presidents, and other senior executives did include a non-fixed component payment of compensation based upon pre-established quality, patient safety, and financial targets established at the beginning of the fiscal year. The human resources and compensation committee of the Main Line Health board is responsible for evaluating and determining the appropriateness of the targets. After review and deliberation, the committee documents its decisions and reports to the full board of governors who review the compensation decisions. Related Compensation Compensation reported on part VII and Schedule J of Form 990, related to certain trustees and officers of the foundation is paid by an affiliate of Main Line Hospitals, Inc., Main Line Services, for compensation provided to Main Line Hospitals, Inc. and other controlled members of Main Line Health, Inc.Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonMain Line Health Real Estate LPNamePerson
FieldValueIRS element (for citing)
RelationshipTrustees-Gordon, Havens,Relationship
Amount Of Transaction-882AmountOfTransaction
Description Of Transaction51.70% interest in profit/lossDescriptionOfTransaction
Sharing Of RevenuesfalseSharingOfRevenues

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions9NumberOfContributions
Noncash Contribs Rptd F9902000NoncashContribsRptdF990
Method Of Determining RevenuesFair Market ValueMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Art Historical TreasuresArtHistoricalTreasures
Art Fractional InterestArtFractionalInterest
Books And PublicationsBooksAndPublications
Clothing And Household GoodsClothingAndHouseholdGoods
Cars And Other VehiclesCarsAndOtherVehicles
Boats And PlanesBoatsAndPlanes
Intellectual PropertyIntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions9NumberOfContributions
Noncash Contribs Rptd F99032000NoncashContribsRptdF990
Method Of Determining RevenuesFair Market ValueMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStock
Securities Prtnrshp Trust IntrstsSecuritiesPrtnrshpTrustIntrsts
Securities MiscellaneousSecuritiesMiscellaneous
Qualified Contrib Hist StructQualifiedContribHistStruct
Qualified Contrib OtherQualifiedContribOther
Real Estate ResidentialRealEstateResidential
Real Estate CommercialRealEstateCommercial
Real Estate OtherRealEstateOther
CollectiblesCollectibles
Food InventoryFoodInventory
Drugs And Medical SuppliesDrugsAndMedicalSupplies
TaxidermyTaxidermy
Historical ArtifactsHistoricalArtifacts
Scientific SpecimensScientificSpecimens
Archaeological ArtifactsArchaeologicalArtifacts
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedfalseThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
IdentifierSchedule o DisclosuresIdentifier
ExplanationForm 990, part VI, section A, Lines 6, 7a, and 7b The trustees of The Lankenau Hospital Foundation are elected by its members. The ex-officio trustees are appointed by main line health, inc. Form 990, Part VI, Section A, Line 11A The Form 990 is prepared in conjunction with PriceWaterhouseCoopers LLP and reviewed internally by management. It is then sent to the board of trustees for their review. The Form 990 is reviewed and approved at a meeting of the board of trustees prior to filing. Form 990, Part VI, Section B, Line 12c Annual conflicts of interest statements are required to be completed by all trustees, officers, directors, key employees and other interested persons. Any conflicts arising are referred to the Governance Committee for resolution. If deemed necessary or advisable, cases may be referred to the full Main Line Health board for resolution. Form 990, Part VI, section B, Line 15 Using the services of an independent consulting firm, JHS utilized no fewer than three executive compensation surveys in determining the compensation of the MLH CEO. JHS used market data representing functionally comparable jobs within similarly situated organizations in making these compensation determinations. After the review and deliberation of the Executive Committee of the JHS Board, which has the responsibilities of a Compensation Committee, compensation recommendations were reviewed and approved by the full JHS Board. The MLH CEO reports to the JHS CEO and is appointed by the JHS Board. The MLH CEO also reports to the MLH Board. The Human Resources & Compensation Committee of the Main Line Health Board, using the services of an independent Executive Compensation consulting firm is responsible for evaluating and determining the total Senior Executive benefits and compensation for the EVP& Chief Financial Officer, Hospital Presidents and other Senior Executives using both national and regional healthcare delivery market comparable compensation data. After review and deliberation the Committee documents its compensation decisions and reports to the full MLH Board of Governors who review and approve these compensation decisions.. Form 990, Part VI, Section C, Line 19 THe organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part VII, Section A, Column B The compensated officers devote their time to all of the organizations within Main Line Health, Inc. As such, the total hours worked by the officers, across all of the organizations, cumulatively represent their full-time employment status. form 990, part ix, line 11c and line 24a the foundation contracts with main line hospitals, inc. and main line services , inc. for accounting and development services. Form 990, Part VI Under the bylaws of The Lankenau Hospital Foundation, its Board of Trustees has sole discretion whether to make the Foundation's assets available, except with respect to the terms of certain restricted gifts to the Foundation or assets held by the Foundation in a special projects fund (which are available to fund Lankenau Hospital requests for contributions from the Foundation for identified purposes other than voluntary or required prepayments or payment of debt). The financial statements do not reflect or establish the legal relationship, agency or otherwise, between the Foundation, Lankenau Hospital or Lankenau Institute for Medical Research or any right to any assets owned by the Foundation. In fact, the Foundation is a separately incorporated nonmembership nonprofit corporation governed by a self-perpetuating Board of Trustees. The bylaws of the Foundation provide that all assets held by it, including assets in its special projects fund, shall not be subject to attachment, execution, or sequestration for any debt, obligation or liability of the Lankenau Hospital and Lankenau Institute for Medical Research or any other person or entity, and shall not be subject to pledge, assignment, conveyance, or anticipation by the Lankenau Hospital or any other person or entity. In particular, the Foundation is not party to or obligated by any obligation of the Lankenau Hospital, Main Line Health, Inc. or Lankenau Institute for Medical Research and assets owned by the Foundation are not subject to any lien.Explanation

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
Main Line Hospitals Inc-Lankenau Hosp
100 Lancaster AvenueWynnewoodPA19096231352160HealthcarePA501 (C) (3)3ML Health
Lankenau Institute for Medical Research
100 Lancaster AvenueWynnewoodPA19096232175659Med ResearchPA501 (C) (3)4Ml Health

Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStatePredominant Income TypePredominantIncomeTypeShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsDisproportionate AllocationsDisproportionateAllocationsGeneral Or Managing PartnerGeneralOrManagingPartner
Main Line Health Real Estate LP
400 One Radnor Corp CtrRadnorPA19087233089503Real Estate AcquiPAInvestment-8825264458falsefalse
MLH Realty LLC
400 One Radnor Corp CtrRadnorPA19087233089502Gen Prtnr MLH ReaPAInvestment-6317542falsefalse
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgtrueGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgtrueReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg

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