Overview
What is Penn Foundation Inc?
Penn Foundation Inc is a nonprofit organization located in Sellersville, Pennsylvania. With a workforce of 433 employees, the organization's mission is to instill hope, inspire change, and build community. Penn Foundation Inc provides behavioral health services in a non-discriminatory manner, welcoming individuals regardless of race, color, creed, sex, national origin, or ability to pay. As an affiliate within St. Luke's University Health Network, the organization contributes to the network's mission of caring for the sick and injured, improving overall community health, and educating healthcare professionals. Penn Foundation Inc's operations are reflected in the organization's community benefit statement, detailed in Schedule O.
Official website here: www.pennfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
Penn Foundation Inc has received a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization’s overall score is driven entirely by its strong Accountability & Finance metrics, which indicate effective management and oversight of resources. The impressive score highlights the foundation's commitment to transparency and responsible fiscal practices.
Strengths of Penn Foundation include a fully independent board, with 83% of its members being independent, and a robust financial oversight structure, including an audit and oversight committee. The foundation also maintains a low liability-to-assets ratio and allocates a significant majority of its expenses to programs, showcasing its dedication to maximizing impact through its services.
There are no specific limitations noted in the data provided, which suggests that Penn Foundation Inc operates with a high level of integrity and effectiveness. Overall, the organization’s solid financial practices and commitment to governance make it a trustworthy choice for potential donors looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Penn Foundation Inc legitimate?
Penn Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penn Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $666,535
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,120,230
For more financial information, click here
Official website here: www.pennfoundation.org
What is the mission statement of Penn Foundation Inc?
The Penn Foundation Inc is dedicated to instilling hope, inspiring change, and building community. As an affiliate within St. Luke's University Health Network, the organization's mission aligns with that of the network, which is to care for the sick and injured, improve overall community health, and educate healthcare professionals, regardless of their ability to pay. The Penn Foundation's efforts aim to make a positive impact through hope and change, fostering a sense of community.
Official website here: www.pennfoundation.org
Who is the CEO of Penn Foundation Inc?
Scott R Wolfe is the President - Penn Foundation of Penn Foundation Inc.
Official website here: www.pennfoundation.org
What is the revenue of Penn Foundation Inc?
Penn Foundation Inc's revenue in 2022 was $27,600,851.
Official website here: www.pennfoundation.org
Who are the executives of Penn Foundation Inc and what are their salaries?
The average compensation at Penn Foundation Inc during 2022 was $41,078. There are 433 employees and 7 volunteers at Penn Foundation Inc.
Here are 22 key members and their salaries:
- Compensation: $213,710
- Related: $141,519
- Other: $26,133
- Compensation: $202,979
- Related: $142,612
- Other: $17,067
- Compensation: $0
- Related: $298,325
- Other: $34,945
- Compensation: $139,187
- Related: $133,752
- Other: $27,486
- Compensation: $139,185
- Related: $136,597
- Other: $17,222
- Compensation: $125,387
- Related: $106,129
- Other: $23,014
- Compensation: $85,270
- Related: $80,838
- Other: $2,197
- Compensation: $102,919
- Related: $62,353
- Other: $2,644
- Compensation: $78,367
- Related: $59,329
- Other: $14,021
- Compensation: $98,200
- Related: $38,583
- Other: $14,576
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.pennfoundation.org
Where can I find the form 990 for Penn Foundation Inc?
Penn Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pennfoundation.org
Learn more at the official website: www.pennfoundation.org
Mission Statement of Penn Foundation Inc
Penn Foundation Inc, a mission-driven organization, is dedicated to instilling hope, inspiring change, and building community. The nonprofit, an affiliate within St. Luke's University Health Network, focuses on bringing positive transformation and community engagement.
St. Luke's University Health Network, the tax-exempt parent entity of the network, shares a similar vision. Its mission is to provide healthcare for those in need, regardless of their ability to pay, improve overall community health, and educate healthcare professionals. Penn Foundation Inc aligns with this mission, contributing to the network's efforts to make a difference.
Penn Foundation Inc's role extends beyond its affiliation with St. Luke's University Health Network. By instilling hope, the organization strives to uplift individuals and foster optimism. Inspiring change, it encourages personal and societal progress, and building community, it fosters connections and unity. Through its initiatives, Penn Foundation Inc aims to create a ripple effect of positive change.
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Impact
October, 2024
Penn Foundation Inc instills hope, inspires change, and builds community by providing accessible behavioral health services to individuals from diverse backgrounds. The organization prioritizes non-discriminatory care, ensuring that services are available regardless of race, color, creed, sex, national origin, or financial circumstances. By focusing on mental health, Penn Foundation Inc plays a critical role in improving the overall well-being of the community in Sellersville, PA, while also contributing to the broader mission of St. Luke's University Health Network to care for the sick and injured.
Through its commitment to fostering a supportive environment, the organization addresses the pressing mental health needs of the population, facilitating personal growth and resilience. In doing so, it not only enhances individual lives but also strengthens community cohesion, granting individuals the tools to overcome challenges and pursue healthier futures. The impact of Penn Foundation Inc is reflected in its dedication to empowering people and promoting a culture of care and understanding in the community.
This information is meant to be a general summary of Penn Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23,813
- Program Service Revenue: $26,274,644
- Gross Receipts: $27,625,678
Assets and Liabilities:
- Total Assets: $32,541,942
- Total Liabilities: $12,022,607
- Net Assets: $20,519,335
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$24,964,430
OTHER HEALTHCARE RELATED REVENUE
Revenue
$1,290,214
RENTAL INCOME FROM AFFILIATES
Revenue
$20,000
Organization Details
Founding Year
1955
Phone
(215) 257-6551Principal Officer
Scott R Wolfe
Main Address
PO BOX 32, SELLERSVILLE, PA, 18960
Website
www.pennfoundation.orgNTEE Category
Code: F80Z - Mental health
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