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← STONY BROOK ORTHOPAEDIC ASSOCIATES UNIVERSITY FACULTY PRACTICE CORP

Form 990 for tax year 2023

Filed by STONY BROOK ORTHOPAEDIC ASSOCIATES UNIVERSITY FACULTY PRACTICE CORP.

Totals

Total revenue
$42,316,127
Total expenses
$43,381,393
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$42,298,121
Investment income
$0
Other revenue
$18,006
Total assets, end of year
$3,015,760
Total liabilities, end of year
$3,015,760
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$39,172,284
Management and general expenses
$4,209,109
Fundraising expenses
$0
Program service expenses (Part III)
$39,172,284

Program services were 90.3% 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 SERVICE REVENUE

    total $42,298,121 · related or exempt $42,298,121

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: OTHER INTEREST (COMMON PAYMASTER, CLAIMS

    total $18,006 · excluded $18,006

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $18,006

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $4,382,183 · program services $4,163,074 · management and general $219,109

  • 7 · Other salaries and wages

    total $12,231,437 · program services $12,231,437

  • 8 · Pension plan contributions

    total $1,010,120 · program services $1,010,120

  • 9 · Other employee benefits

    total $44,911 · program services $44,911

  • 10 · Payroll taxes

    total $611,413 · program services $611,413

  • 11a · Fees: management

    total $21,000,000 · program services $17,010,000 · management and general $3,990,000

  • 11g · Fees: other

    total $4,051,995 · program services $4,051,995 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $49,334 · program services $49,334

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,081,026 · end of year $3,015,760

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,081,026 · end of year $3,015,760

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

PROVIDE CLINICAL INSTRUCTION TO AND SUPERVISION OF MEDICAL SCHOOL STUDENTS, INTERNS AND RESIDENTS AND, INCIDENT THERETO, RENDERING PROFESSIONAL SERVICES.

  • THE ORGANIZATION PROVIDES SERVICES IN THE FIELD OF ORTHOPAEDICS TO PATIENTS AND PROVIDES CLINICAL INSTRUCTION TO AND SUPERVISION OF SCHOOL OF MEDICINE STUDENTS AND HOSPITAL RESIDENTS.

    Expenses $39,172,284 · Revenue $42,298,121

As filed on the 2023 return.

Listed in Part VII

  • James Nicholson

    DIRECTOR/SECRETARY/TREASURER

    Total calculated
    $1,774,356
    From this org
    $1,484,259
    From related orgs
    $200,325
    Other
    $89,772
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,474,649 + $200,325 related
    Bonus
    $7,000
    Other
    $2,610
    Deferred
    $39,600 + $26,042 related
    Nontaxable benefits
    $1,592 + $22,538 related
    Filer's total
    $1,525,451 + $248,905 related

  • James Penna

    President & Director

    Total calculated
    $1,434,306
    From this org
    $1,200,506
    From related orgs
    $150,411
    Other
    $83,389
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,117,896 + $150,411 related
    Bonus
    $80,000
    Other
    $2,610
    Deferred
    $39,600 + $19,553 related
    Nontaxable benefits
    $1,698 + $22,538 related
    Filer's total
    $1,241,804 + $192,502 related

  • James Barsi

    DIRECTOR

    Total calculated
    $1,637,466
    From this org
    $1,573,965
    From related orgs
    $0
    Other
    $63,501
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,557,855
    Bonus
    $13,500
    Other
    $2,610
    Deferred
    $39,600
    Nontaxable benefits
    $1,363 + $22,538 related
    Filer's total
    $1,614,928 + $22,538 related

  • Edward Wang

    ORTHOPAEDIC SURGEON

    Total calculated
    $1,141,831
    From this org
    $909,377
    From related orgs
    $149,057
    Other
    $83,397
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $887,767 + $149,057 related
    Bonus
    $19,000
    Other
    $2,610
    Deferred
    $39,600 + $19,378 related
    Nontaxable benefits
    $1,881 + $22,538 related
    Filer's total
    $950,858 + $190,973 related

  • Fazel Khan

    ORTHOPAEDIC SURGEON

    Total calculated
    $1,180,676
    From this org
    $1,117,175
    From related orgs
    $0
    Other
    $63,501
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,107,065
    Bonus
    $7,500
    Other
    $2,610
    Deferred
    $39,600
    Nontaxable benefits
    $1,363 + $22,538 related
    Filer's total
    $1,158,138 + $22,538 related

  • Megan Paulus

    ORTHOPAEDIC SURGEON

    Total calculated
    $945,371
    From this org
    $806,207
    From related orgs
    $68,412
    Other
    $70,752
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $796,597 + $68,412 related
    Bonus
    $7,000
    Other
    $2,610
    Deferred
    $39,600 + $6,841 related
    Nontaxable benefits
    $1,773 + $22,538 related
    Filer's total
    $847,580 + $97,791 related

  • Nicholas Divaris

    ORTHOPAEDIC SURGEON

    Total calculated
    $1,037,862
    From this org
    $806,027
    From related orgs
    $148,587
    Other
    $83,248
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $803,417 + $148,587 related
    Bonus
    $0
    Other
    $2,610
    Deferred
    $39,600 + $19,316 related
    Nontaxable benefits
    $1,794 + $22,538 related
    Filer's total
    $847,421 + $190,441 related

  • Stephen Kottmeier

    ORTHOPAEDIC SURGEON

    Total calculated
    $956,501
    From this org
    $714,374
    From related orgs
    $154,581
    Other
    $87,546
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $711,764 + $154,581 related
    Bonus
    $0
    Other
    $2,610
    Deferred
    $39,600 + $22,692 related
    Nontaxable benefits
    $2,716 + $22,538 related
    Filer's total
    $756,690 + $199,811 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

  • 3 · Compensation survey or study
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
THE OFFICERS RECEIVED COMPENSATION OVER BASE SALARY INCLUDING THE BONUS DETERMINED AT THE ORGANIZATION'S DISCRETION OR BASED SPECIFICALLY ON BONUS PLANS SET BY THE ENTITY, DETERMINED AS REASONABLE. THIS BENEFIT IS SUBJECT TO THE GUIDELINES FOR NONFIXED PAYMENTS.

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.

  • STONY BROOK HEALTHCARE IPA LL

    Related · HEALTHCARE · NY

    Directly controlled by CPMP

Related corporations and trusts

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

  • NICOLLS INDEMNITY SOLUTIONS SPC

    C Corporation · SELF-INSURANCE · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541339349307334

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