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Nonprofiteer
← ACADEMIC MEDICINE SERVICES INC

Form 990 for tax year 2023

Filed by ACADEMIC MEDICINE SERVICES INC.

Totals

Total revenue
$46,528,881
Total expenses
$43,598,178
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$45,969,387
Investment income
$39,085
Other revenue
$520,409
Total assets, end of year
$16,459,355
Total liabilities, end of year
$5,980,711
Net assets or fund balances, end of year
$10,478,644
Program services expenses (Part IX)
$37,460,410
Management and general expenses
$6,137,768
Fundraising expenses
$0
Program service expenses (Part III)
$37,460,410

Program services were 85.9% 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: CONTRACTUAL REVENUE

    total $25,827,416 · related or exempt $25,827,416

  • 2b · Program service revenue: MEDICAL SERVICE FEES

    total $13,958,550 · related or exempt $13,958,550

  • 2c · Program service revenue: GRADUATE MEDICAL EDUCATION REVENU

    total $6,055,648 · related or exempt $6,055,648

  • 2d · Program service revenue: MEDICAID SUPPLEMENT

    total $127,773 · related or exempt $127,773

  • 3 · Investment income

    total $39,085 · excluded $39,085

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $520,409 · related or exempt $520,409

  • 11e · Other revenue, total

    $520,409

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,168,117 · program services $1,864,581 · management and general $303,536

  • 7 · Other salaries and wages

    total $31,075,975 · program services $26,725,338 · management and general $4,350,637

  • 8 · Pension plan contributions

    total $485,688 · program services $430,279 · management and general $55,409

  • 9 · Other employee benefits

    total $1,580,197 · program services $1,346,382 · management and general $233,815

  • 10 · Payroll taxes

    total $1,739,160 · program services $1,495,678 · management and general $243,482

  • 11a · Fees: management

    total $287,208 · program services $37,337 · management and general $249,871

  • 11b · Fees: legal

    total $77,777 · program services $35,000 · management and general $42,777

  • 11c · Fees: accounting

    total $33,333 · program services $15,000 · management and general $18,333

  • 11g · Fees: other

    total $92,995 · program services $5,580 · management and general $87,415

  • 13 · Office expenses

    total $778,234 · program services $622,587 · management and general $155,647

  • 16 · Occupancy

    total $1,106,721 · program services $896,444 · management and general $210,277

  • 17 · Travel

    total $35,170 · program services $33,412 · management and general $1,758

  • 20 · Interest

    total $52,636 · program services $45,267 · management and general $7,369

  • 22 · Depreciation, depletion and amortization

    total $151,259 · program services $136,133 · management and general $15,126

  • 23 · Insurance

    total $977,045 · program services $928,317 · management and general $48,728

  • 24a · Other expenses: CHIEF ADMINISTRATIVE OF

    total $1,202,457 · program services $1,202,457

  • 24b · Other expenses: CONTRACTUAL SERVICES

    total $589,226 · program services $553,872 · management and general $35,354

  • 24c · Other expenses: CLINICAL SUPPLIES AND F

    total $345,751 · program services $328,463 · management and general $17,288

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

    total $297,393 · program services $282,523 · management and general $14,870

  • 24e · All other expenses

    total $521,836 · program services $475,760 · management and general $46,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,286,642 · end of year $6,080,144

  • 4 · Accounts receivable

    beginning of year $8,849,957 · end of year $8,569,387

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,682 · end of year $308,443

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

    $3,094,573

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

    $2,621,083

  • 10c · Land, buildings and equipment, net

    beginning of year $617,959 · end of year $473,490

  • 15 · Other assets

    beginning of year $1,071,321 · end of year $1,027,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,579,899 · end of year $5,045,800

  • 19 · Deferred revenue

    beginning of year $35,242 · end of year $29,865

  • 23 · Secured mortgages and notes payable

    beginning of year $838,006 · end of year $140,474

  • 25 · Other liabilities

    beginning of year $998,473 · end of year $764,572

  • 27 · Net assets without donor restrictions

    beginning of year $7,547,941 · end of year $10,478,644

Mission and programs · 2023

Mission

ACADEMIC MEDICINE SERVICES, INC. (AMS) EXISTS TO FURTHER THE EDUCATIONAL AND RESEARCH MISSION OF THE DEPARTMENT OF MEDICINE AND JACOBS SCHOOL OF MEDICINE AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO.

  • PROVIDE CLINICAL INSTRUCTION TO STUDENTS OF THE JACOBS SCHOOL OF MEDICINE AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, INCLUDING INTERNS AND RESIDENTS, AND INCIDENT THERETO, RENDERING PROFESSIONAL SERVICES AND PRACTICE IN THE PROFESSION OF MEDICINE.

    Expenses $37,460,410 · Revenue $46,489,796

As filed on the 2023 return.

Listed in Part VII

  • Brian Murray

    PRESIDENT

    Total calculated
    $167,654
    From this org
    $166,389
    From related orgs
    $0
    Other
    $1,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,389
    Bonus
    $0
    Other
    $0
    Deferred
    $1,265
    Nontaxable benefits
    $0
    Filer's total
    $167,654

  • Eric Ten Brock MD

    VICE PRESIDENT

    Total calculated
    $208,644
    From this org
    $204,768
    From related orgs
    $0
    Other
    $3,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,768
    Bonus
    $0
    Other
    $0
    Deferred
    $3,876
    Nontaxable benefits
    $0
    Filer's total
    $208,644

  • Heidi Beintrexler MD

    TREASURER

    Total calculated
    $208,414
    From this org
    $188,433
    From related orgs
    $0
    Other
    $19,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,433
    Bonus
    $0
    Other
    $0
    Deferred
    $6,092
    Nontaxable benefits
    $13,889
    Filer's total
    $208,414

  • Michael Aronica MD

    DIRECTOR

    Total calculated
    $128,941
    From this org
    $125,225
    From related orgs
    $0
    Other
    $3,716
    Hours/week
    40

  • Regina Makdissi MD

    DIRECTOR

    Total calculated
    $296,421
    From this org
    $289,480
    From related orgs
    $0
    Other
    $6,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,480
    Bonus
    $0
    Other
    $0
    Deferred
    $6,941
    Nontaxable benefits
    $0
    Filer's total
    $296,421

  • Alberto Monegro MD

    SECRETARY

    Total calculated
    $298,638
    From this org
    $280,708
    From related orgs
    $0
    Other
    $17,930
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,708
    Bonus
    $0
    Other
    $0
    Deferred
    $4,041
    Nontaxable benefits
    $13,889
    Filer's total
    $298,638

  • Mayada Ismail

    DIRECTOR

    Total calculated
    $414,445
    From this org
    $398,745
    From related orgs
    $0
    Other
    $15,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,745
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $5,800
    Filer's total
    $414,445

  • Vaqar Shah

    DIRECTOR

    Total calculated
    $227,823
    From this org
    $211,690
    From related orgs
    $0
    Other
    $16,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,690
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,133
    Filer's total
    $227,823

  • Sanjay Chadha

    CHIEF OPERATING OFFICER

    Total calculated
    $323,622
    From this org
    $302,679
    From related orgs
    $0
    Other
    $20,943
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $272,679
    Bonus
    $30,000
    Other
    $0
    Deferred
    $7,583
    Nontaxable benefits
    $13,360
    Filer's total
    $323,622

  • Vijay Iyer MD

    PHYSICIAN

    Total calculated
    $1,083,068
    From this org
    $1,078,407
    From related orgs
    $0
    Other
    $4,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,078,407
    Bonus
    $0
    Other
    $0
    Deferred
    $4,661
    Nontaxable benefits
    $0
    Filer's total
    $1,083,068

  • Ramon Rivera MD

    PHYSICIAN

    Total calculated
    $587,652
    From this org
    $577,752
    From related orgs
    $0
    Other
    $9,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $577,752
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $0
    Filer's total
    $587,652

  • Zhen Wang MD

    PHYSICIAN

    Total calculated
    $667,481
    From this org
    $655,099
    From related orgs
    $0
    Other
    $12,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $655,099
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $2,482
    Filer's total
    $667,481

  • Matthew Hudson MD

    PHYSICIAN

    Total calculated
    $550,125
    From this org
    $540,024
    From related orgs
    $0
    Other
    $10,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,024
    Bonus
    $0
    Other
    $0
    Deferred
    $1,540
    Nontaxable benefits
    $8,561
    Filer's total
    $550,125

  • David Zlotnick MD

    PHYSICIAN

    Total calculated
    $885,230
    From this org
    $875,330
    From related orgs
    $0
    Other
    $9,900
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $875,330
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $0
    Filer's total
    $885,230

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202403069349300935

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