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← STONY BROOK OPHTHALMOLOGY UNIVERSITY FACULTY PRACTICE CORP

Form 990 for tax year 2022

Filed by STONY BROOK OPHTHALMOLOGY UNIVERSITY FACULTY PRACTICE CORP.

Totals

Total revenue
$12,071,866
Total expenses
$12,338,430
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,070,192
Investment income
$0
Other revenue
$1,674
Total assets, end of year
$2,305,904
Total liabilities, end of year
$2,305,904
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$10,954,120
Management and general expenses
$1,384,310
Fundraising expenses
$0
Program service expenses (Part III)
$10,954,120

Program services were 88.8% 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 $12,070,192 · related or exempt $12,070,192

  • 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 $1,674 · excluded $1,674

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,674

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,036,201 · program services $1,934,391 · management and general $101,810

  • 7 · Other salaries and wages

    total $2,241,051 · program services $2,241,051

  • 8 · Pension plan contributions

    total $367,075 · program services $367,075

  • 9 · Other employee benefits

    total $15,198 · program services $15,198

  • 10 · Payroll taxes

    total $232,051 · program services $232,051

  • 11a · Fees: management

    total $6,750,000 · program services $5,467,500 · management and general $1,282,500

  • 11g · Fees: other

    total $670,210 · program services $670,210 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $26,619 · program services $26,619

  • 24a · Other expenses: CORPORATION TAX

    total $25 · program services $25

  • 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 $2,572,468 · end of year $2,305,904

  • 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 $2,572,468 · end of year $2,305,904

  • 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 · 2022

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 OPHTHALMOLOGY TO PATIENTS AND PROVIDES CLINICAL INSTRUCTION TO AND SUPERVISION OF SCHOOL OF MEDICINE STUDENTS AND HOSPITAL RESIDENTS.

    Expenses $10,954,120 · Revenue $12,070,192

As filed on the 2022 return.

Listed in Part VII

  • Khurram CHAUDHARY

    DIRECTOR/SECRETARY/TREASURER

    Total calculated
    $997,192
    From this org
    $866,326
    From related orgs
    $63,083
    Other
    $67,783
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $583,419 + $63,083 related
    Bonus
    $280,297
    Other
    $2,610
    Deferred
    $38,603 + $6,308 related
    Nontaxable benefits
    $1,788 + $21,084 related
    Filer's total
    $906,717 + $90,475 related

  • Robert Honkanen

    President & Director

    Total calculated
    $893,585
    From this org
    $692,691
    From related orgs
    $122,834
    Other
    $78,060
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $494,489 + $122,834 related
    Bonus
    $195,592
    Other
    $2,610
    Deferred
    $39,973 + $15,968 related
    Nontaxable benefits
    $1,035 + $21,084 related
    Filer's total
    $733,699 + $159,886 related

  • Patricia PAHK

    DIRECTOR

    Total calculated
    $477,041
    From this org
    $357,178
    From related orgs
    $55,715
    Other
    $64,148
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $236,773 + $55,715 related
    Bonus
    $118,481
    Other
    $1,924
    Deferred
    $36,820 + $4,457 related
    Nontaxable benefits
    $1,787 + $21,084 related
    Filer's total
    $395,785 + $81,256 related

  • Azin Abazari

    OPHTHALMOLOGIST

    Total calculated
    $583,329
    From this org
    $422,784
    From related orgs
    $94,369
    Other
    $66,176
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $331,850 + $94,369 related
    Bonus
    $88,324
    Other
    $2,610
    Deferred
    $34,749 + $9,437 related
    Nontaxable benefits
    $906 + $21,084 related
    Filer's total
    $458,439 + $124,890 related

  • Janhavi Shirali

    OPHTHALMOLOGIST

    Total calculated
    $183,512
    From this org
    $144,677
    From related orgs
    $0
    Other
    $38,835
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $143,024
    Bonus
    $0
    Other
    $1,653
    Deferred
    $17,163
    Nontaxable benefits
    $588 + $21,084 related
    Filer's total
    $162,428 + $21,084 related

  • Nariman Boyle

    OPHTHALMOLOGIST

    Total calculated
    $397,270
    From this org
    $276,958
    From related orgs
    $57,665
    Other
    $62,647
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $192,814 + $57,665 related
    Bonus
    $82,021
    Other
    $2,123
    Deferred
    $32,980 + $7,497 related
    Nontaxable benefits
    $1,086 + $21,084 related
    Filer's total
    $311,024 + $86,246 related

  • Sarah Weissbart

    OPHTHALMOLOGIST

    Total calculated
    $354,962
    From this org
    $241,161
    From related orgs
    $57,651
    Other
    $56,150
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $171,093 + $57,651 related
    Bonus
    $68,076
    Other
    $1,992
    Deferred
    $28,700 + $4,612 related
    Nontaxable benefits
    $1,754 + $21,084 related
    Filer's total
    $271,615 + $83,347 related

  • Timothy Chou

    OPHTHALMOLOGIST

    Total calculated
    $258,080
    From this org
    $149,468
    From related orgs
    $60,710
    Other
    $47,902
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $131,377 + $60,710 related
    Bonus
    $15,481
    Other
    $2,610
    Deferred
    $17,623 + $7,892 related
    Nontaxable benefits
    $1,303 + $21,084 related
    Filer's total
    $168,394 + $89,686 related

  • Patrick Sibony

    FORMER

    Total calculated
    $392,046
    From this org
    $36,550
    From related orgs
    $286,251
    Other
    $69,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $12,000 + $286,251 related
    Bonus
    $22,229
    Other
    $2,321
    Deferred
    $4,107 + $42,443 related
    Nontaxable benefits
    $1,611 + $21,084 related
    Filer's total
    $42,268 + $349,778 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 SP

    C Corporation · SELF-INSURANCE

Provenance

Return type
form_990
Tax year
2022
Filed
11 May 2024
IRS schema version
2022v5.0
Source object
202411329349300316

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