Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $22,048,480 · related or exempt $22,048,480

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

  total $24,750,573 · related or exempt $24,750,573

• 2f · All other program service revenue

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

• 3 · Investment income

  total $206,014 · excluded $206,014

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $233,361

• 7c · Gain or loss

  securities $233,361 · other assets $0

• 7d · Net gain or loss

  total $233,361 · excluded $233,361

• 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.

• 1 · Grants to domestic organizations and governments

  total $12,050 · program services $12,050

• 5 · Compensation of officers, directors and key employees

  total $1,771,994 · program services $1,771,994

• 7 · Other salaries and wages

  total $24,429,319 · program services $23,767,566 · management and general $661,753

• 8 · Pension plan contributions

  total $1,662,247 · program services $1,612,058 · management and general $50,189

• 9 · Other employee benefits

  total $1,471,434 · program services $1,356,461 · management and general $114,973

• 10 · Payroll taxes

  total $1,204,762 · program services $1,155,840 · management and general $48,922

• 11b · Fees: legal

  total $2,257 · program services $1,580 · management and general $677

• 11c · Fees: accounting

  total $77,360 · management and general $77,360

• 11f · Fees: investment management

  total $7,444 · program services $5,211 · management and general $2,233

• 11g · Fees: other

  total $6,477,553 · program services $5,020,331 · management and general $1,457,222 · fundraising $0

• 13 · Office expenses

  total $89,126 · program services $62,388 · management and general $26,738

• 14 · Information technology

  total $575,260 · program services $557,482 · management and general $17,778

• 16 · Occupancy

  total $141,815 · program services $99,270 · management and general $42,545

• 17 · Travel

  total $5,593 · program services $4,329 · management and general $1,264

• 19 · Conferences, conventions and meetings

  total $27,403 · program services $19,182 · management and general $8,221

• 21 · Payments to affiliates

  total $3,140,365 · program services $3,140,365

• 22 · Depreciation, depletion and amortization

  total $25,694 · program services $17,986 · management and general $7,708

• 23 · Insurance

  total $519,775 · program services $505,977 · management and general $13,798

• 24a · Other expenses: UNIVERSITY TRANSFERS

  total $3,700,000 · program services $3,700,000

• 24b · Other expenses: DEPARTMENT DEVELOPMENT FUND

  total -$1,111,515 · program services -$1,111,515

• 24c · Other expenses: BAD EXPENSE

  total $1,538,062 · management and general $1,538,062

• 24d · Other expenses: OTHER EMPLOYEE EXPENSES

  total $360,487 · program services $110,250 · management and general $250,237

• 24e · All other expenses

  total $108,564 · program services $76,150 · management and general $32,414 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year -$318,166 · end of year -$145,208

• 2 · Savings and temporary cash investments

  beginning of year $2,784,085 · end of year $1,406,991

• 4 · Accounts receivable

  beginning of year $4,184,792 · end of year $2,927,076

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,595 · end of year $19,122

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

  $966,843

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

  $906,956

• 10c · Land, buildings and equipment, net

  beginning of year $85,581 · end of year $59,887

• 11 · Investments: publicly traded securities

  beginning of year $4,310,120 · end of year $4,789,960

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $4,454,453 · end of year $6,408,434

• 17 · Accounts payable and accrued expenses

  beginning of year $5,932,092 · end of year $6,831,221

• 19 · Deferred revenue

  beginning of year $1,140,996 · end of year $0

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $3,143,120 · end of year $2,167,707

• 27 · Net assets without donor restrictions

  beginning of year $5,287,252 · end of year $6,467,334

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

THE ORGANIZATION MAINTAINS A MEMBERSHIP AT THE CENTER CLUB, WHICH IS IN THE NAME OF THE PRESIDENT/CHAIRMAN. THIS MEMBERSHIP IS UTILIZED SOLELY FOR BUSINESS PURPOSES, WITH ALL EXPENSES SUBJECT TO THE ORGANIZATION'S EXPENSE REIMBURSEMENT POLICIES AND PROCEDURES.

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.