2024-01-31T11:25:40-06:00 2023-06-30 232896692 BBD LLP 1835 MARKET STREET SUITE 300 PHILADELPHIA PA 19103 990 2022-07-01 232993224 EPISCOPAL HEALTHCARE FOUNDATION EPIS 2159476048 2160 INVERNESS LANE HUNTINGDON VALLEY PA 19006 MERYLE TWERSKY CHAIR 2159476048 2024-01-31 1 MERYLE TWERSKY 999009999 0 BRIAN PAGE P02402981 2155677770 2024-01-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MERYLE TWERSKY 2160 INVERNESS LANE HUNTINGDON VALLEY PA 19006 11485340 0 X N/A X 1998 PA THE FOUNDATION'S MISSION IS TO 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. 5 5 0 6 0 0 0 0 0 0 2746326 444064 0 0 2746326 444064 1510000 1065000 0 0 0 0 0 0 0 179364 184847 1689364 1249847 1056962 -805783 28124006 29621173 5873 4123 28118133 29617050 THE FOUNDATION'S MISSION IS TO 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. 0 0 1065000 1065000 IN FURTHERANCE OF ITS EXEMPT PURPOSES, THE FOUNDATION MADE GRANTS IN THE CURRENT FISCAL YEAR TOTALING $1,065,000 TO EPISCOPAL HOSPITAL. 1065000 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X CHAIR 2159476048 2160 INVERNESS LANE HUNTINGDON VALLEY PA 19006 X MERYLE TWERSKY CHAIR 8.00 X X 0 0 0 JOSEPH MARSHALL III VICE PRESIDENT 0.50 X X 0 0 0 DEBRA CIAMPI ASST. SECRETARY & VP 0.50 X X 0 0 0 KATHLEEN BARRON SECETARY/TREASURER 4.50 X X 0 0 0 CARL ESSER TIL 423 ASSISTANT SECRETARY 0.50 X X 0 0 0 BARBARA NUGENT EFF 423 ASSISTANT SECRETARY 0.50 X X 0 0 0 0 0 0 0 0 0 0 0 965343 965343 10519997 11041276 -521279 -521279 -521279 444064 0 0 444064 1065000 1065000 20202 20202 136966 136966 15500 15500 8389 8389 OTHER EXPENSES 3790 3790 1249847 1065000 184847 0 1162879 1292986 72443 87415 26888684 28240772 28124006 29621173 5873 4123 5873 4123 X 28118133 29617050 28118133 29617050 28124006 29621173 -805783 2304700 0 X 0 1 X 1 0 X X 1 EPISCOPAL HOSPITAL A SUB OF TEMPLE UNIVERSITY HEALTH SYSTEM INC 231365351 3 1 1065000 0 1 1065000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 59157 0 0 0 877039 965343 936196 965343 0 0 0 0 179863 184847 756333 780496 31485693 28573213 0 0 68085 79929 31553778 28653142 0 0 0 31553778 28653142 1125000 1166667 30428778 27486475 1065007 962027 0 0 1065007 962027 756333 642883 1065007 1065007 0 1065007 1065000 0 0 0 0 0 1065000 1065000 1065007 100.000000000000 1065007 0 0 0 0 0 525565 525565 0 525565 0 0 1065000 0 539442 525558 0 0 525558 0 0 0 0 525558 SECTION D, LINE 8 EPISCOPAL 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 EPISCOPAL HOSPITAL AND TO DISCHARGE ITS RESPONSIBILITIES IN CONNECTION WITH THE ACQUISITION OF EPISCOPAL HOSPITAL BY TEMPLE UNIVERSITY HEALTH SYSTEMS, INC. ON DECEMBER 7, 1998, EPISCOPAL HOSPITAL WAS ACQUIRED BY TEMPLE UNIVERSITY HEALTH SYSTEM, INC. AT THE TIME OF THE ACQUISITION, EPISCOPAL HOSPITAL 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 EPISCOPAL HOSPITAL ENTERED INTO A CONTRIBUTION AND INDEMNITY AGREEMENT (THE "AGREEMENT") PURSUANT TO WHICH (1) EPISCOPAL HOSPITAL 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 EPISCOPAL HOSPITAL 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 EPISCOPAL HOSPITAL 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 EPISCOPAL HOSPITAL 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. 28118133 2611798 1112881 29617050 32483976 -2815520 1550323 28118133 26884443 6571412 971879 32483976 28155771 -287543 983785 26884443 28405813 772002 1022044 28155771 1.00000 0 0 0 X 2611798 2304700 2304700 307098 136966 136966 444064 1112881 0 1112881 136966 136966 1249847 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS PURSUANT TO AN AGREEMENT BETWEEN THE FOUNDATION, AND ITS SUPPORTED ORGANIZATION, EPISCOPAL HOSPITAL, THE FOUNDATION DISTRIBUTES INCOME TO EPISCOPAL HOSPITAL, WITH SUCH AMOUNT TO BE DETERMINED IN ACCORDANCE WITH STATE AND FEDERAL LAW. PART X, LINE 2: UNCERTAIN TAX POSITIONS UNDER ASC 740 THE FOUNDATION HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD 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 THE STANDARD. 1 EPISCOPAL HOSPITAL 100 E LEHIGH AVE PHILADELPHIA PA 19125 231365351 501(C)(3) 1065000 0 TO PROVIDE FOR THE HEALTHCARE NEEDS OF THE COMMUNITY 1 0 PART I, LINE 2: THE FOUNDATION IS IN CONSTANT CONTACT WITH EPISCOPAL HOSPITAL AND RECEIVES INTERIM FINANCIAL STATEMENTS AND UPDATES. 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. EPISCOPAL HOSPITAL (A SUB OF TEMPLE UNIVERSITY HEALTH SYSTEM) 100 E LEHIGH AVENUE PHILADELPHIA PA 19125 231365351 TO PROVIDE HEALTHCARE SERVICES PA 501(C)(3) LINE 3 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE R, PART V, TRANSACTIONS WITH RELATED ORGANIZATIONS LINE 1B: GRANT TO OTHER ORGANIZATION PURSUANT TO AN AGREEMENT BETWEEN THE FOUNDATION (SUPPORTING ORGANIZATION) AND EPISCOPAL HOSPITAL (SUPPORTED ORGANIZATION), THE FOUNDATION DISTRIBUTED $1,065,000 FROM ITS INCOME EARNED BY THE ENDOWMENT FUND TO EPISCOPAL HOSPITAL FOR ITS GENERAL OPERATING PURPOSES DURING THE REPORTING YEAR.