The Sharpe - Strumia Research Foundation of the Bryn Mawr Hospital
Nonprofit profile at a glance
- EIN
- 200106546
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Bryn Mawr, PA, USA
- Phone
- 4843374244
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $1,005,190
- Expenses
- $1,073,578
- Assets
- $30,024,108
- Liabilities
- $349,524
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Jack L Martin MD (PRESIDENT)
- GUY T BERNSTEIN MD (VICE PRESIDENT)
Highest reported compensation
- NED Z CARP MD (Director): $1,118,094 total reported compensation
- John T Schwarz (DIRECTOR): $983,661 total reported compensation
- JEFFERY WISE (Director): $276,047 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the sharpe-strumia research foundation is to support and carry out the missions of the main line hospitals by encouraging and supporting the conduct of medical research by practicing physicians on the medical staff at main line hospitals with preference given to physicians whose primary hospital affiliation is the bryn mawr campus and to research which relates to identified clinical initiatives at bryn mawr hospital or other main line hospitals.
What it reported doing in 2024
The foundation funded 16 grants for medical research according to its mission statement. Each research grant was monitored by the foundation's scientific committee to insure the investigators were properly expensing their grants and the investigators did submit progress reports for the committee to monitor, these research programs allow the advancement of medical knowledge.
Operating model
- Revenue model
- Investment-supported. 95% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 66
- Accountability: 70
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.9%; rating input score 100
- Program expense ratio: 79.5%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.1%; rating input score 95; 42nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 57.1%; rating input score 57; 12th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6.8%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 27.97; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 40%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 13.2% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 99.9% of revenue deployed · 79.5% of spending went to programs
- Governance: 8 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $854K in reported program spending
- Leadership: top reported pay $1.1M · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 21 of 22 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 57/100.
- High — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 3/100.