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Nonprofiteer
← UNIVERSITY AT BUFFALO OTOLARYNGOLOGY INC

Form 990 for tax year 2023

Filed by UNIVERSITY AT BUFFALO OTOLARYNGOLOGY INC.

Totals

Total revenue
$5,497,645
Total expenses
$5,263,865
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,472,333
Investment income
$19,306
Other revenue
$6,006
Total assets, end of year
$1,703,618
Total liabilities, end of year
$961,995
Net assets or fund balances, end of year
$741,623
Program services expenses (Part IX)
$4,943,998
Management and general expenses
$319,867
Fundraising expenses
$0
Program service expenses (Part III)
$4,943,998

Program services were 93.9% 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: FEE FOR SERVICE

    total $4,791,673 · related or exempt $4,791,673

  • 2b · Program service revenue: CONTRACT REVENUE

    total $345,507 · related or exempt $345,507

  • 2c · Program service revenue: GRADUATE MEDICAL EDUCA

    total $335,153 · related or exempt $335,153

  • 3 · Investment income

    total $19,306 · excluded $19,306

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,006 · related or exempt $6,006

  • 11e · Other revenue, total

    $6,006

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,392,086 · program services $2,272,482 · management and general $119,604

  • 7 · Other salaries and wages

    total $729,394 · program services $650,581 · management and general $78,813

  • 8 · Pension plan contributions

    total $278,704 · program services $250,834 · management and general $27,870

  • 9 · Other employee benefits

    total $58,038 · program services $52,234 · management and general $5,804

  • 10 · Payroll taxes

    total $134,427 · program services $120,984 · management and general $13,443

  • 11a · Fees: management

    total $12,756 · program services $6,378 · management and general $6,378

  • 11c · Fees: accounting

    total $47,139 · program services $42,425 · management and general $4,714

  • 11g · Fees: other

    total $7,215 · program services $6,494 · management and general $721

  • 12 · Advertising and promotion

    total $17,753 · program services $17,753

  • 13 · Office expenses

    total $118,742 · program services $106,868 · management and general $11,874

  • 16 · Occupancy

    total $114,991 · program services $103,492 · management and general $11,499

  • 17 · Travel

    total $25,384 · program services $22,846 · management and general $2,538

  • 22 · Depreciation, depletion and amortization

    total $2,435 · program services $2,192 · management and general $243

  • 23 · Insurance

    total $96,668 · program services $95,752 · management and general $916

  • 24a · Other expenses: CLINICAL SUPPLIES

    total $330,013 · program services $330,013

  • 24b · Other expenses: RESIDENT EXPENSE

    total $298,576 · program services $298,576

  • 24c · Other expenses: CONTRACTUAL SERVICES

    total $261,322 · program services $235,190 · management and general $26,132

  • 24d · Other expenses: CHIEF ADMINISTRATIVE OF

    total $232,583 · program services $232,583

  • 24e · All other expenses

    total $105,639 · program services $96,321 · management and general $9,318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $470,572 · end of year $4,223

  • 2 · Savings and temporary cash investments

    end of year $857,957

  • 4 · Accounts receivable

    beginning of year $554,373 · end of year $417,431

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,121 · end of year $4,158

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

    $338,238

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

    $315,359

  • 10c · Land, buildings and equipment, net

    beginning of year $6,291 · end of year $22,879

  • 15 · Other assets

    beginning of year $476,354 · end of year $396,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $416,853 · end of year $431,424

  • 19 · Deferred revenue

    beginning of year $110,895 · end of year $124,885

  • 25 · Other liabilities

    beginning of year $481,120 · end of year $405,686

  • 27 · Net assets without donor restrictions

    beginning of year $507,843 · end of year $741,623

Mission and programs · 2023

Mission

TO PROVIDE OTOLARYNGOLOGY TREATMENT, EDUCATION, AND RESEARCH FOR THE WESTERN NEW YORK COMMUNITY.

Activities or mission (Part I)

UNIVERSITY AT BUFFALO OTOLARYNGOLOGY, INC. IS COMMITTED TO ENCOURAGE AND ASSIST THE FACULTY OF THE DEPARTMENT OF OTOLARYNGOLOGY AT THE STATE UNIVERSITY OF NEW YORK AT BUFFALO, JACOBS SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES ("UNIVERSITY") IN THE DELIVERY OF HEALTH CARE, IMPROVE THE ABILITY OF THE FACULTY TO PERFORM CLINICAL RESEARCH, MAXIMIZE RESOURCES TO FOSTER ACADEMIC, RESEARCH AND CLINICAL PROGRAMS, RECRUIT AND RETAIN TARGETED TEACHING PHYSICIANS, AND ENCOURAGE AND SUPPORT THE PERSONAL GROWTH AND PROFESSIONAL DEVELOPMENT OF THE FACULTY OF THE DEPARTMENT OF OTOLARYNGOLOGY. UNIVERSITY AT BUFFALO OTOLARYNGOLOGY, INC. IS ALSO INTENDED TO PROVIDE FINANCIAL SUPPORT FOR DEVELOPMENT AND GROWTH OF THE DEPARTMENT OF OTOLARYNGOLOGY, EXPENSE OF PRACTICE AND THE RESEARCH AND ACADEMIC MISSION OF THE DEPARTMENT.

  • PATIENT HEALTH CARE: TREATED A LARGE NUMBER OF WESTERN NEW YORK PATIENTS WITH BOTH MEDICAL AND SURGICAL CARE.

    Expenses $4,645,422 · Revenue $5,137,180

  • ACADEMIC PROGRAMS: TRAINED RESIDENTS DURING THE YEAR, AND OVER 50 MEDICAL STUDENTS IN OTOLARYNGOLOGY, PROVIDED A VENUE FOR QUALITY IMPROVEMENT FOR COMMUNITY OTOLARYNGOLOGISTS.

    Expenses $298,576 · Revenue $335,153

As filed on the 2023 return.

Listed in Part VII

  • David Sherris MD

    PRESIDENT

    Total calculated
    $1,199,971
    From this org
    $1,138,971
    From related orgs
    $0
    Other
    $61,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,138,971
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $0
    Filer's total
    $1,199,971

  • Mark Nagy MD

    SECRETARY/TREASURER

    Total calculated
    $513,500
    From this org
    $452,500
    From related orgs
    $0
    Other
    $61,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $452,500
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $0
    Filer's total
    $513,500

  • Michael Pizzuto MD

    DIRECTOR

    Total calculated
    $594,500
    From this org
    $533,500
    From related orgs
    $0
    Other
    $61,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $533,500
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $0
    Filer's total
    $594,500

  • Michele Carr MD

    PHYSICIAN

    Total calculated
    $279,990
    From this org
    $267,115
    From related orgs
    $0
    Other
    $12,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $267,115
    Bonus
    $0
    Other
    $0
    Deferred
    $12,875
    Nontaxable benefits
    $0
    Filer's total
    $279,990

  • Lisa Sherris

    PRACTICE MANAGER

    Total calculated
    $344,500
    From this org
    $304,000
    From related orgs
    $0
    Other
    $40,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,000
    Bonus
    $0
    Other
    $0
    Deferred
    $40,500
    Nontaxable benefits
    $0
    Filer's total
    $344,500

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
6 November 2024
IRS schema version
2023v5.1
Source object
202433209349302868

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