Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $74,139

• 1f · All other contributions, gifts and grants

  $2,164,731

• 1g · Noncash contributions included above

  $259,345

• 3 · Investment income

  total $125,924 · excluded $125,924

• 8a · Fundraising events: gross income

  $53,555

• 8a · Fundraising events: contributions included on line 1c

  $74,139

• 8b · Fundraising events: direct expenses

  $88,860

• 8c · Net income from fundraising events

  total -$35,305 · excluded -$35,305

• 11a · Other revenue: MISC INCOME

  total $7,000 · excluded $7,000

• 11e · Other revenue, total

  $7,000

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $18,955 · program services $18,955

• 5 · Compensation of officers, directors and key employees

  total $192,608 · program services $150,234 · management and general $25,039 · fundraising $17,335

• 7 · Other salaries and wages

  total $678,089 · program services $528,909 · management and general $88,152 · fundraising $61,028

• 8 · Pension plan contributions

  total -$43,923 · program services -$34,260 · management and general -$5,710 · fundraising -$3,953

• 9 · Other employee benefits

  total $67,754 · program services $52,848 · management and general $8,808 · fundraising $6,098

• 10 · Payroll taxes

  total $60,847 · program services $47,461 · management and general $7,910 · fundraising $5,476

• 11c · Fees: accounting

  total $10,080 · management and general $10,080

• 11f · Fees: investment management

  total $40,332 · management and general $40,332

• 11g · Fees: other

  total $500,118 · program services $420,611 · management and general $46,981 · fundraising $32,526

• 13 · Office expenses

  total $136,708 · program services $106,632 · management and general $17,772 · fundraising $12,304

• 14 · Information technology

  total $255 · program services $199 · management and general $33 · fundraising $23

• 17 · Travel

  total $72,372 · program services $56,450 · management and general $9,408 · fundraising $6,514

• 19 · Conferences, conventions and meetings

  total $6,599 · program services $5,147 · management and general $858 · fundraising $594

• 20 · Interest

  total $3,877 · management and general $3,877

• 23 · Insurance

  total $866 · management and general $866

• 24a · Other expenses: PATIENT CARE COSTS - ST

  total $116,841 · program services $116,841

• 24b · Other expenses: MAINT AGR - SOFTWARE

  total $50,369 · program services $50,369

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $21,286 · program services $21,286

• 24d · Other expenses: MEDICAL SUPPLIES

  total $18,106 · program services $18,106

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $10,739,835 · end of year $10,743,584

• 3 · Pledges and grants receivable

  end of year $209,500

• 4 · Accounts receivable

  beginning of year $827,500

• 9 · Prepaid expenses and deferred charges

  beginning of year $26,345 · end of year $17,289

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

  $42,153

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

  $34,509

• 10c · Land, buildings and equipment, net

  beginning of year $10,920 · end of year $7,644

• 17 · Accounts payable and accrued expenses

  beginning of year $290,680 · end of year $429,658

• 25 · Other liabilities

  beginning of year $925,171 · end of year $224,064

• 27 · Net assets without donor restrictions

  beginning of year -$1,181,935 · end of year -$1,817,181

• 28 · Net assets with donor restrictions

  beginning of year $11,570,684 · end of year $12,141,476

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION RELIES ON THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE CITY TRUSTS, WHICH ADMINISTERS THE WILLS EYE HOSPITAL, A RELATED ORGANIZATION, TO ANNUALLY REVIEW AND APPROVE THE COMPENSATION OF THE CEO. THIS ORGANIZATION DOES NOT PAY ITS CEO; THE COMPENSATION IS PAID BY WILLS EYE HOSPITAL.

Related partnerships

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

• PLYMOUTH MEETING ASC LLC

  N/A · AMBULATORY SURGERY · PA

• CHERRY HILL ASC LLC

  N/A · AMBULATORY SURGERY · NJ

• COTTMAN ASC LLC

  N/A · AMBULATORY SURGERY · PA

• STADIUM CAMPUS ASC LLC

  N/A · AMBULATORY SURGERY · PA

• WARMINSTER ASC LLC

  N/A · AMBULATORY SURGERY · PA

• WILLS EYE SURG NETWORK LLC

  N/A · MGMT SERVICES · PA

Related corporations and trusts

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

• AASOP INC

  C · PHYSICIAN PRACTICE · PA