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Nonprofiteer
← WILLS EYE FOUNDATION INC

Form 990 for tax year 2022

Filed by WILLS EYE FOUNDATION INC.

Totals

Total revenue
$3,565,068
Total expenses
$1,514,226
Contributions and grants received
$3,468,448
Grants paid
$0
Program service revenue
$0
Investment income
$100,347
Other revenue
-$3,727
Total assets, end of year
$10,775,896
Total liabilities, end of year
$1,207,675
Net assets or fund balances, end of year
$9,568,221
Program services expenses (Part IX)
$164,796
Management and general expenses
$136,901
Fundraising expenses
$1,212,529
Program service expenses (Part III)
$164,796

Program services were 10.9% 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.

  • 1c · Fundraising events

    $162,469

  • 1f · All other contributions, gifts and grants

    $3,305,979

  • 1g · Noncash contributions included above

    $54,409

  • 3 · Investment income

    total $100,347 · excluded $100,347

  • 8a · Fundraising events: gross income

    $88,925

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

    $162,469

  • 8b · Fundraising events: direct expenses

    $62,189

  • 8c · Net income from fundraising events

    total $26,736 · excluded $26,736

  • 11a · Other revenue: MISC INCOME

    total -$30,463 · excluded -$30,463

  • 11e · Other revenue, total

    -$30,463

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $746,464 · fundraising $746,464

  • 8 · Pension plan contributions

    total $20,799 · fundraising $20,799

  • 9 · Other employee benefits

    total $92,196 · fundraising $92,196

  • 10 · Payroll taxes

    total $62,720 · fundraising $62,720

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $23,332 · management and general $23,332

  • 11g · Fees: other

    total $263,629 · program services $72,263 · fundraising $191,366

  • 12 · Advertising and promotion

    total $8,673 · fundraising $8,673

  • 13 · Office expenses

    total $79,187 · fundraising $79,187

  • 14 · Information technology

    total $63,849 · management and general $63,849

  • 15 · Royalties

    total $23 · management and general $23

  • 16 · Occupancy

    total $38,478 · management and general $38,478

  • 18 · Travel or entertainment for public officials

    total $11,124 · fundraising $11,124

  • 23 · Insurance

    total $1,139 · management and general $1,139

  • 24a · Other expenses: MAINT AGR-SOFTWARE

    total $43,365 · program services $43,365

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $21,847 · program services $21,847

  • 24c · Other expenses: DIETARY EXP

    total $11,895 · program services $11,895

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,050 · program services $9,050

  • 24e · All other expenses

    total $6,376 · program services $6,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,725 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $8,378,381 · end of year $9,820,197

  • 4 · Accounts receivable

    beginning of year $312,500 · end of year $932,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,684 · end of year $23,199

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

    $17,631

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

    $17,631

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $306,081 · end of year $262,959

  • 25 · Other liabilities

    beginning of year $733,588 · end of year $944,716

  • 27 · Net assets without donor restrictions

    beginning of year -$1,017,122 · end of year -$1,204,016

  • 28 · Net assets with donor restrictions

    beginning of year $8,703,743 · end of year $10,772,237

Mission and programs · 2022

Mission

THE FOUNDATION WAS CREATED TO RAISE FUNDS IN SUPPORT OF THE MISSION OF THE WILLS EYE ENTITIES WHICH INCLUDE WILLS EYE HOSPITAL, AMBULATORY SURGICAL CENTERS, AND AN OPHTHALMOLOGY CLINIC.

Activities or mission (Part I)

SUPPORT MISSION OF THE WILLS EYE HEALTH SYSTEM ENTITIES.

  • PROVIDE SUPPORT TO VARIOUS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS SPECIFIED IN THE CORPORATION'S ARTICLES. AREAS OF ACTIVITY INCLUDES CLINICAL RESEARCH, EDUCATIONAL TRAINING AND FELLOWSHIP OPERATIONAL SUPPORT.

    Expenses $164,796

As filed on the 2022 return.

Listed in Part VII

  • Dr Julia Haller

    PRESIDENT & DIRECTOR

    Total calculated
    $1,510,894
    From this org
    $0
    From related orgs
    $1,423,235
    Other
    $87,659
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,213,235 related
    Bonus
    $0 + $135,000 related
    Other
    $0 + $75,000 related
    Deferred
    $0 + $22,927 related
    Nontaxable benefits
    $0 + $64,732 related
    Filer's total
    $0 + $1,510,894 related

  • Joseph P Bilson

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $661,860
    From this org
    $0
    From related orgs
    $549,030
    Other
    $112,830
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $404,030 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $75,000 related
    Deferred
    $0 + $8,844 related
    Nontaxable benefits
    $0 + $103,986 related
    Filer's total
    $0 + $661,860 related

  • Michael Allen

    SECRETARY

    Total calculated
    $440,195
    From this org
    $0
    From related orgs
    $407,758
    Other
    $32,437
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,444 related
    Bonus
    $0 + $33,157 related
    Other
    $0 + $33,157 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $32,437 related
    Filer's total
    $0 + $440,195 related

  • Shelley D Johnson

    TREASURER

    Total calculated
    $253,771
    From this org
    $0
    From related orgs
    $242,942
    Other
    $10,829
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,442 related
    Bonus
    $0 + $18,500 related
    Other
    $0 + $15,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,829 related
    Filer's total
    $0 + $253,771 related

  • Suzanne Beers

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $218,168
    From this org
    $181,039
    From related orgs
    $0
    Other
    $37,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,039
    Bonus
    $0
    Other
    $0
    Deferred
    $3,755
    Nontaxable benefits
    $33,374
    Filer's total
    $218,168

  • Linda Mancini

    DIR. OF DEVELOPMENT OPERATIONS

    Total calculated
    $114,234
    From this org
    $103,823
    From related orgs
    $0
    Other
    $10,411
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,823
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,411
    Filer's total
    $114,234

  • Christine Scully

    DIR. OF DONOR RELATIONS

    Total calculated
    $145,703
    From this org
    $113,647
    From related orgs
    $0
    Other
    $32,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,647
    Bonus
    $0
    Other
    $0
    Deferred
    $2,529
    Nontaxable benefits
    $29,527
    Filer's total
    $145,703

  • Edmund Flood

    DIR. OF FDN & CORP RELATIONS

    Total calculated
    $172,538
    From this org
    $158,208
    From related orgs
    $0
    Other
    $14,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,208
    Bonus
    $2,000
    Other
    $0
    Deferred
    $3,521
    Nontaxable benefits
    $10,809
    Filer's total
    $172,538

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

None.

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

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.

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.

  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
16 May 2024
IRS schema version
2022v5.0
Source object
202441379349302289

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