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Nonprofiteer
← UNIVERSITY OF MARYLAND EYE ASSOCIATION PA

Form 990 for tax year 2024

Filed by UNIVERSITY OF MARYLAND EYE ASSOCIATION PA.

Totals

Total revenue
$10,975,634
Total expenses
$10,750,739
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,940,642
Investment income
$34,992
Other revenue
$0
Total assets, end of year
$7,322,866
Total liabilities, end of year
$7,228,642
Net assets or fund balances, end of year
$94,224
Program services expenses (Part IX)
$9,060,288
Management and general expenses
$1,690,451
Fundraising expenses
$0
Program service expenses (Part III)
$9,060,288

Program services were 84.3% 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 $8,593,009 · related or exempt $8,593,009

  • 2b · Program service revenue: CONTRACT AND OTHER REVENUE

    total $2,347,633 · related or exempt $2,347,633

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $34,992 · excluded $34,992

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $625,072 · program services $625,072

  • 7 · Other salaries and wages

    total $2,893,284 · program services $2,302,149 · management and general $591,135

  • 8 · Pension plan contributions

    total $172,167 · program services $130,502 · management and general $41,665

  • 9 · Other employee benefits

    total $519,313 · program services $394,418 · management and general $124,895

  • 10 · Payroll taxes

    total $170,756 · program services $128,245 · management and general $42,511

  • 11c · Fees: accounting

    total $76,934 · management and general $76,934

  • 11g · Fees: other

    total $670,336 · program services $536,345 · management and general $133,991 · fundraising $0

  • 13 · Office expenses

    total $84,224 · program services $58,320 · management and general $25,904

  • 14 · Information technology

    total $585,070 · program services $583,608 · management and general $1,462

  • 16 · Occupancy

    total $743,958 · program services $526,719 · management and general $217,239

  • 17 · Travel

    total $1,200 · program services $840 · management and general $360

  • 19 · Conferences, conventions and meetings

    total $56,965 · program services $45,150 · management and general $11,815

  • 21 · Payments to affiliates

    total $920,555 · program services $920,555 · management and general $0

  • 22 · Depreciation, depletion and amortization

    total $136,484 · program services $95,539 · management and general $40,945

  • 23 · Insurance

    total $150,293 · program services $112,791 · management and general $37,502

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $1,757,626 · program services $1,757,626

  • 24b · Other expenses: UNIVERSITY TRANSFERS

    total $759,544 · program services $759,544

  • 24c · Other expenses: BAD DEBT EXPENSES

    total $291,610 · management and general $291,610

  • 24d · Other expenses: OTHER EMPLOYEE EXPENSE

    total $78,349 · program services $42,641 · management and general $35,708

  • 24e · All other expenses

    total $56,999 · program services $40,224 · management and general $16,775 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$104,578 · end of year -$374,948

  • 2 · Savings and temporary cash investments

    beginning of year $568,535 · end of year $861,617

  • 4 · Accounts receivable

    beginning of year $1,391,612 · end of year $747,999

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $687 · end of year $687

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

    $3,624,796

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

    $3,106,877

  • 10c · Land, buildings and equipment, net

    beginning of year $471,658 · end of year $517,919

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,107,446 · end of year $5,569,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,509,716 · end of year $1,671,868

  • 19 · Deferred revenue

    end of year $167,917

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,924,490 · end of year $5,388,857

  • 27 · Net assets without donor restrictions

    beginning of year $1,154 · end of year $94,224

Mission and programs · 2024

Mission

UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

  • UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES.

    Expenses $9,060,288 · Revenue $10,940,642

As filed on the 2024 return.

Listed in Part VII

  • Lisa Schocket MD

    PRESIDENT

    Total calculated
    $429,976
    From this org
    $409,579
    From related orgs
    $0
    Other
    $20,397
    Hours/week
    10 + 1 related

    Schedule J breakdown matched by us

    Base
    $301,779
    Bonus
    $107,800
    Other
    $0
    Deferred
    $16,647
    Nontaxable benefits
    $3,750
    Filer's total
    $429,976

  • Islam Helal

    Treasurer

    Total calculated
    $61,440
    From this org
    $0
    From related orgs
    $48,000
    Other
    $13,440
    Hours/week
    10 + 1 related

  • Lawrence K Thompson

    Secretary

    Total calculated
    $163,075
    From this org
    $21,464
    From related orgs
    $134,784
    Other
    $6,827
    Hours/week
    10 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,784 related
    Bonus
    $21,464
    Other
    $0
    Deferred
    $3,814
    Nontaxable benefits
    $3,013
    Filer's total
    $28,291 + $134,784 related

  • Osamah Saeedi MD

    Vice President

    Total calculated
    $104,768
    From this org
    $97,611
    From related orgs
    $0
    Other
    $7,157
    Hours/week
    10

  • Amelia Kopec

    DIVISION MANAGER

    Total calculated
    $116,888
    From this org
    $107,453
    From related orgs
    $0
    Other
    $9,435
    Hours/week
    10

  • Shannath Merbs MD

    PHYSICIAN

    Total calculated
    $139,916
    From this org
    $129,787
    From related orgs
    $0
    Other
    $10,129
    Hours/week
    10

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings
  • 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
  • 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 6a Compensation contingent on net earnings of the organization
THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.
Schedule J, Part I, Line 7 Non-fixed payments
THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202611349349300326

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