Foundation For Mount Nittany Medical Center in State College, Pennsylvania (PA)

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Foundation For Mount Nittany Medical Center
Employer Identification Number (EIN)571138956
Name of OrganizationFoundation For Mount Nittany Medical Center
Address1800 E Park Ave, State College, PA 16803-6709
SubsectionCharitable Organization
Ruling Date06/2003
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,871,066
Amount of Income$1,827,747
Form 990 Revenue Amount$1,409,232
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Single Organization Support


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Amount of income in 2012: $1,827,747 (it was $11,675,850 in 2011)
This organization: 

 $1,827,747
Other organizations performing similar types of work: 

 $475,628

Assets in 2012: $7,871,066 (it was $12,775,484 in 2011)
Foundation For Mount Nittany Medical Center: 

 $7,871,066
Other organizations performing similar types of work: 

 $882,851

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$3,982,650
Contributions, Gifts, Grants and Other Similar Amounts$3,858,178
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$100,894
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$52,862
Gross amount from sales of assets other than inventory (Securities / Other)$7,650,617 / $0
Less: cost or other basis and sales expenses (Securities / Other)$7,597,755 / $0
Gain or (loss) (Securities / Other)$52,862 / $0
Net loss from fundraising events$-29,284
Gross income from fundraising events$66,161
Less: direct expenses$95,445
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$4,842,112
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$187,120
Payroll taxes$0
Professional fundraising services$0
Other$4,654,992
Balance Sheet (for 2011)
Total assets$12,775,484
Total liabilities$4,218,859
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$4,218,859
Total net assets or fund balances$8,556,625
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Mayo Foundation For Medical Education & Research200 First Street Sw, Rochester, MN 55905-0001MN1985-06$985,418,611
2University Of Virginia Physicians Group500 Ray C Hunt Dr, Charlottesvle, VA 22903-2981VA1980-12$369,390,764
3Texas Childrens Hospital Foundation6621 Fannin St, Houston, TX 77030-2303TX2005-11$308,148,669
4Barnabas Health Inc95 Old Short Hills Rd, West Orange, NJ 07052-1008NJ1985-05$151,925,044
5Lankenau Hospital Foundation100 Lancaster Avenue, Wynnewood, PA 19096-3450PA1981-11$16,322,583
6Benjamin Franklin Clinic An Affiliate Of Pennsylvania HospPhiladelphia, PA 19107PA$15,954,016
7Langhorne Mri Inc1201 Langhorne-Newtown Road, Langhorne, PA 19047PA1946-03$12,613,473
8Einstein No Div A/C A - FiduciaryPittsburgh, PA 15230PA$12,363,910
9Reunette W Harris Lucy Clair Harris Griffin And W Clair Harris Trust101n Independence Mall E Macy1372-, Philadelphia, PA 19106-2112PA1990-11$3,188,092
10South Hills Health System FdnPittsburgh, PA 15236PA$1,843,383
11Ncphs FoundationWilliamsport, PA 17701PA$1,193,312
12Memorial Hospital Foundation91 Hospital Dr, Towanda, PA 18848-9702PA2003-01$3,097,076
13Foundation For Mount Nittany Medical Center1800 E Park Ave, State College, PA 16803-6709PA2003-06$1,827,747
14Dorothy H Holder Charitable Trust101n Independence Mall E Macy 1372, Philadelphia, PA 19106PA2000-05$1,141,789
15Neighborhood League Shops Foundation Inc8 Louella Ct, Wayne, PA 19087-3528PA1996-09$497,668
16Auxiliary For Mount Nittany Medical CenterPO BOX 1144, State College, PA 16804-1144PA2004-06$461,937
17Amanda P Weed Trust101n Independence Mall E, Philadelphia, PA 19106-2112PA2009-04$458,303
18Meadville Medical Center Foundation1034 Grove St, Meadville, PA 16335-2945PA1992-06$420,454
19L Burke Tuw Fbo Shriners Hospital 2513025421101n Independence Mall E, Philadelphia, PA 19106-2112PA2006-04$236,558
20Mary Burrus Foundation, Wachovia Bk & Tr Co Tr101n Independence Mall E, Philadelphia, PA 19106-2112PA2006-08$64,914
Number of organizations performing similar types of work
Alaska4
Alabama1
Arkansas8
Arizona9
California44
Colorado11
Connecticut5
District of Columbia4
Delaware1
Florida22
Georgia18
Hawaii8
Iowa13
Idaho4
Illinois33
Indiana12
Kansas7
Kentucky12
Louisiana13
Massachusetts15
Maryland8
Maine2
Michigan25
Minnesota21
Missouri25
Mississippi1
Montana5
North Carolina12
North Dakota6
Nebraska7
New Hampshire1
New Jersey15
New Mexico1
Nevada4
New York48
Ohio31
Oklahoma13
Oregon12
Pennsylvania26
Rhode Island5
South Carolina12
South Dakota4
Tennessee6
Texas50
Utah4
Virginia20
Vermont3
Washington16
Wisconsin18
West Virginia6
Wyoming5
International11
Total667

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