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Nonprofiteer
← WASHINGTON UNIVERSITY PHYSICIANS IN ILLINOIS INC

Form 990 for tax year 2023

Filed by WASHINGTON UNIVERSITY PHYSICIANS IN ILLINOIS INC.

Totals

Total revenue
$113,803,640
Total expenses
$109,141,577
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$113,803,640
Investment income
$0
Other revenue
$0
Total assets, end of year
$20,436,308
Total liabilities, end of year
$13,469,725
Net assets or fund balances, end of year
$6,966,583
Program services expenses (Part IX)
$108,994,545
Management and general expenses
$147,032
Fundraising expenses
$0
Program service expenses (Part III)
$108,994,545

Program services were 99.9% 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: PATIENT LAB & HOSPITAL

    total $113,803,640 · related or exempt $113,803,640

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,507 · program services $3,507

  • 11g · Fees: other

    total $2,829,409 · program services $2,791,711 · management and general $37,698

  • 12 · Advertising and promotion

    total $50 · program services $50

  • 13 · Office expenses

    total $558,678 · program services $558,458 · management and general $220

  • 14 · Information technology

    total $72,945 · program services $70,199 · management and general $2,746

  • 16 · Occupancy

    total $1,143,619 · program services $1,143,619

  • 17 · Travel

    total $45,840 · program services $45,840

  • 19 · Conferences, conventions and meetings

    total $2,841 · program services $2,841

  • 22 · Depreciation, depletion and amortization

    total $47,386 · program services $47,386

  • 23 · Insurance

    total $2,195,250 · program services $2,133,727 · management and general $61,523

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $63,859,532 · program services $63,859,532

  • 24b · Other expenses: PROFESSIONAL SERVICES AGREEM

    total $26,177,875 · program services $26,136,712 · management and general $41,163

  • 24c · Other expenses: BAD DEBT

    total $3,795,801 · program services $3,795,801

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $34,761 · program services $32,261 · management and general $2,500

  • 24e · All other expenses

    total $8,374,083 · program services $8,372,901 · management and general $1,182

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $370,342 · end of year $1,043,164

  • 4 · Accounts receivable

    beginning of year $8,677,086 · end of year $10,117,719

  • 8 · Inventories for sale or use

    beginning of year $3,769,106 · end of year $7,165,990

  • 9 · Prepaid expenses and deferred charges

    end of year $22

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

    $350,331

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

    $148,658

  • 10c · Land, buildings and equipment, net

    beginning of year $154,299 · end of year $201,673

  • 15 · Other assets

    beginning of year $2,035,029 · end of year $1,907,740

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,203 · end of year $235,118

  • 25 · Other liabilities

    beginning of year $12,681,049 · end of year $13,234,607

  • 27 · Net assets without donor restrictions

    beginning of year $2,216,610 · end of year $6,966,583

Mission and programs · 2023

Mission

Washington University Physicians in Illinois, Inc.s mission is to support WashingtonUniversity in St. Louis mission to discover and disseminate knowledge, and protect thefreedom of inquiry through research, teaching and learning. (Contd on Schedule O)

  • Washington University Physicians in Illinois is organized to extend the charitable, educational, research, and patient care missions of The Washington University to Illinois through the provision of certain primary care and specialty physician services in Illinois regardless of ability to pay, the training of medical professionals, and the performance of clinical research to advance clinical care.

    Expenses $108,994,545 · Revenue $113,803,640

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

Listed in Part VII

  • David Perlmutter

    DIRECTOR

    Total calculated
    $2,374,780
    From this org
    $0
    From related orgs
    $2,061,388
    Other
    $313,392
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,764,181 related
    Bonus
    not reported + $250,729 related
    Other
    not reported + $46,478 related
    Deferred
    not reported + $296,263 related
    Nontaxable benefits
    not reported + $17,129 related
    Filer's total
    not reported + $2,374,780 related

  • PAUL J SCHEEL Jr

    CHAIRMAN

    Total calculated
    $1,176,099
    From this org
    $0
    From related orgs
    $1,133,402
    Other
    $42,697
    Hours/week
    4 + 64 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,007,140 related
    Bonus
    not reported + $100,000 related
    Other
    not reported + $26,262 related
    Deferred
    not reported + $23,100 related
    Nontaxable benefits
    not reported + $19,597 related
    Filer's total
    not reported + $1,176,099 related

  • Sam Bhayani

    CHIEF MEDICAL OFFICER

    Total calculated
    $958,808
    From this org
    $0
    From related orgs
    $893,255
    Other
    $65,553
    Hours/week
    1 + 69 related

    Schedule J breakdown matched by us

    Base
    not reported + $470,373 related
    Bonus
    not reported + $399,140 related
    Other
    not reported + $23,742 related
    Deferred
    not reported + $37,950 related
    Nontaxable benefits
    not reported + $27,603 related
    Filer's total
    not reported + $958,808 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Related organization compensation method (Part I, line 3)
None of the Officers or Members of the Board of Directors of WU Physicians in IL are compensated by WU Physiciansin IL. However, all Officers and Directors are Officers and/or employees of The Washington University, including the Chairman of the Board of WU Physicians in IL, and are compensated as such. Part I Line 3 - (contd) - The compensation of all officers of The Washington University is reviewed and approved by a committee of independent voting members of the Board of Trustees of The Washington University. The committee reviews and discusses recommended compensation for the executive group annually. The discussion and review includes examination of multiple sources of comparator market data specific to those institutions with which the University compares itself. Part I Line 3 - (contd) - Additionally, the committee has available market data provided by industry specific professional organizations and the Executive Compensation Report published annually by the Chronicle of Higher Education. The committees deliberations and decisions are contemporaneously substantiated in its minutes.
Listed persons compensation information (Part I, line 4)
Part I Line 4b - The following individual received a contribution to a 457(f) plan maintained by Washington University Part I Line 4b - David Perlmutter - $273,163

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Castlereagh ML LLC

    Real Estate · MO

  • Castlereagh MT LLC

    Real Estate · MO

  • Clayton Euclid ML LLC

    Real Estate · MO

  • Clayton Euclid MT LLC

    Real Estate · MO

  • Crescent ML LLC

    Real Estate · MO

  • Crescent MT LLC

    Real Estate · MO

  • Lewis Center ML LLC

    Real Estate · MO

  • Lewis Center MT LLC

    Real Estate · MO

  • 4140 ML LLC

    Real Estate · MO

  • 4140 MT LLC

    Real Estate · MO

  • Big Brick Buildings ML LLC

    Real Estate · MO

  • Big Brick Buildings MT LLC

    Real Estate · MO

  • St Louis Internet2 Access Consortiu

    Internet Access · MO

  • St Louis Land Company LLC

    Real Estate · MO

  • 8VC SPV IA LP

    Investment · DE

  • Caledonia Co-Invest Fund LP

    Investment · CJ

  • Decathalon Alpha IV LP

    Investment · DE

  • Eclipse SPV III LP

    Investment · DE

  • Eclipse SPV IV LP

    Investment · DE

  • Eclipse SPV I LP

    Investment · DE

  • Eclipse SPV V LP

    Investment · DE

  • Eclipse SPV VIIILP

    Investment · DE

  • Eclipse SPV X LP

    Investment · DE

  • Elm Park Credit Opportunities Fund

    Investment · DE

  • EQMC Partners LP

    Investment · DE

  • Foundation Energy Fund V-B LP

    Investment · DE

  • Greenoaks Capital MS LP - SURH COMP

    Investment · DE

  • Highbar Partners II LP

    Investment · DE

  • KINGSWAY FCF OVERFLOW SPC -SEGREGAT

    Investment · CJ

  • KINGSWAY FCF OVERFLOW SPC -SEGREGAT

    Investment · CJ

  • KINGSWAY FCF OVERFLOW SPC -SEGREGAT

    Investment · CJ

  • KINGSWAY FCI CO-INVESTMENT SPC -SEG

    Investment · CJ

  • KINGSWAY FCI CO-INVESTMENT SPC - SE

    Investment · CJ

  • KORA RUSSIA FUND LP

    Investment · DE

  • KURAMO AFRICA OPPORTUNITY CO-INVEST

    Investment · DE

  • KURAMO AFRICA OPPORTUNITY FUND III

    Investment · DE

  • KYNIKOS SPV 5 LP

    Investment · DE

  • PAGE FIELD COMMONS HOLDINGS LLC

    Investment · DE

  • PERMANENT EQUITY II PARALLEL FUND

    Investment · DE

  • THELEME SPECIAL PURPOSE FUND I LP

    Investment · CJ

  • VY BTC FUND LP

    Investment · CJ

  • MIRACLE PLUS FUND II LP

    Investment · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AHAN-I Ltd

    C Corp · Investment · CJ

  • Anabranch Offshore Fund LTD

    C Corp · Investment · CJ

  • BOBB LLC

    C Corp · Real Estate · MO

  • Charitable Remainder Trusts 34

    Trust · Charitable Trust · MO

  • Corre Horizon Offshore Fund LP

    C Corp · Investment · CJ

  • EQMC INVESTMENT OPPORTUNITIES I

    C Corp · Investment · EI

  • KORA HOLDINGS I OFFSHORE FUND LTD

    C Corp · Investment · CJ

  • Net Income with Makeup CRUTs 1

    Trust · Charitable Trust · MO

  • Parallel Properties LLC

    C Corp · Real Estate · MO

  • Pooled Interest Funds 3

    Trust · Charitable Trust · MO

  • SCHF I-3 WU LP

    C Corp · Investment · MO

  • Sustainable CAPITAL AFRICA ALPHA FU

    C Corp · Investment · MP

  • Washington University Physician Net

    C Corp · Service fee negotiation · MO

  • Incentive Investment Funds ICAV - I

    C Corp · Investment · EI

  • DYAL JAMES CAYMAN LP

    C Corp · Investment · CJ

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202501189349301665

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