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← UNIVERSITY AT BUFFALO ANESTHESIOLOGY INC

Form 990 for tax year 2023

Filed by UNIVERSITY AT BUFFALO ANESTHESIOLOGY INC.

Totals

Total revenue
$932,682
Total expenses
$933,604
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$919,209
Investment income
$13,473
Other revenue
$0
Total assets, end of year
$1,285,249
Total liabilities, end of year
$5,024
Net assets or fund balances, end of year
$1,280,225
Program services expenses (Part IX)
$392,432
Management and general expenses
$541,172
Fundraising expenses
$0
Program service expenses (Part III)
$392,432

Program services were 42.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GRADUATE MEDICAL EDUCA

    total $919,209 · related or exempt $919,209

  • 3 · Investment income

    total $13,473 · excluded $13,473

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,151 · management and general $5,151

  • 11c · Fees: accounting

    total $28,224 · management and general $28,224

  • 13 · Office expenses

    total $19,098 · program services $5,729 · management and general $13,369

  • 17 · Travel

    total $7,544 · program services $7,544

  • 22 · Depreciation, depletion and amortization

    total $8,331 · program services $8,331

  • 23 · Insurance

    total $7,733 · management and general $7,733

  • 24a · Other expenses: CONTRACTUAL SERVICES

    total $476,263 · management and general $476,263

  • 24b · Other expenses: RESIDENT EXPENSE

    total $348,187 · program services $348,187

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $17,387 · program services $6,955 · management and general $10,432

  • 24d · Other expenses: BOOKS, DUES AND SUBSCRI

    total $7,372 · program services $7,372

  • 24e · All other expenses

    total $8,314 · program services $8,314

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $442,503 · end of year $396,662

  • 2 · Savings and temporary cash investments

    beginning of year $18,882 · end of year $19,121

  • 4 · Accounts receivable

    beginning of year $13,213 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,165 · end of year $109,417

  • 10a · Land, buildings and equipment: cost or other basis

    $43,230

  • 10b · Land, buildings and equipment: accumulated depreciation

    $22,134

  • 10c · Land, buildings and equipment, net

    beginning of year $29,427 · end of year $21,096

  • 12 · Investments: other securities

    beginning of year $598,950 · end of year $728,999

  • 15 · Other assets

    beginning of year $9,954 · end of year $9,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,397 · end of year $5,024

  • 27 · Net assets without donor restrictions

    beginning of year $1,163,697 · end of year $1,280,225

Mission and programs · 2023

Mission

EXISTS TO TRAIN MEDICAL STUDENTS, RESIDENTS AND FELLOWS IN THE PRACTICE OF ANESTHESIOLOGY, PERIOPERTIVE MEDICINE, PAIN MEDICINE, PEDIATRIC ANESTHESIOLOGY, CARDIAC ANESTHESIOLOGY, AND CRITICAL CARE MEDICINE. DEVELOPING AN ACTIVE BASIC AND TRANSLATIONAL RESEARCH PROGRAM IS ONE OF THE HIGHEST PRIORITIES. ALSO SUPPORTS THE GENERAL MISSION OF THE JACOBS SCHOOL OF MEDICINE AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.

Activities or mission (Part I)

UNIVERSITY AT BUFFALO ANESTHESIOLOGY, INC. IS COMMITTED TO ENCOURAGE AND ASSIST THE FACULTY OF THE DEPARTMENT OF ANESTHESIOLOGY AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO WITHIN THE JACOBS SCHOOL OF MEDICINE IN THE DELIVERY OF HEALTH CARE, IMPROVE THE ABILITY OF THE FACULTY TO PERFORM CLINICAL RESEARCH, MAXIMIZE RESOURCES TO FOSTER ACADEMIC, RESEARCH AND CLINICAL PROGRAMS, RECRUIT AND RETAIN TARGETED TEACHING PHYSICIANS, AND ENCOURAGE AND SUPPORT THE PERSONAL GROWTH AND PROFESSIONAL DEVELOPMENT OF THE FACULTY OF THE DEPARTMENT OF ANESTHESIOLOGY. UNIVERSITY AT BUFFALO ANESTHESIOLOGY, INC. IS ALSO INTENDED TO PROVIDE FINANCIAL SUPPORT FOR DEVELOPMENT AND GROWTH OF THE DEPARTMENT OF ANESTHESIOLOGY, EXPENSE OF PRACTICE, AND THE RESEARCH AND ACADEMIC MISSIONS OF THE DEPARTMENT.

  • TRAIN MEDICAL STUDENTS, RESIDENTS, AND FELLOWS IN THE PRACTICE OF ANESTHESIOLOGY, PERIOPERATIVE MEDICINE, PAIN MEDICINE, PEDIATRIC ANESTHESIOLOGY, CARDIAC ANESTHESIOLOGY, AND CRITICAL CARE MEDICINE. TOTAL RESIDENTS AND FELLOWS: 49 (STUDENT NUMBER VARIES).

    Expenses $386,402 · Revenue $919,209

  • PATIENT HEALTH CARE

    Expenses $6,030

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nader D Nader MD

    VP & COMPLIANCE OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Enas Eldesouki MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jahan Porhomayon MD

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Hobika MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Watt MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • UB ASSOCIATES INC

    501(C)(3) · PROVIDE ADMIN SUPPORT TO SUNY BUFFALO MEDICAL SCHOOL PRACTICE PLANS · NY

  • STATE OF NEW YORK

    501(C)(1) · GOVERNMENT · NY

  • UNIVERSITY AT BUFFALO FOUNDATION

    501(C)(3) · PROVIDES SUPPORT FOR AND PROMOTES THE ACTIVITIES OF THE UNIVERSITY · NY

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349319947

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