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← STONY BROOK CHILDRENS SERVICE UNIVERSITY FACULTY PRACTICE CORP

Form 990 for tax year 2024

Filed by STONY BROOK CHILDRENS SERVICE UNIVERSITY FACULTY PRACTICE CORP.

Totals

Total revenue
$72,868,631
Total expenses
$70,604,539
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$72,683,980
Investment income
$0
Other revenue
$184,651
Total assets, end of year
$5,619,987
Total liabilities, end of year
$5,619,987
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$64,100,906
Management and general expenses
$6,503,633
Fundraising expenses
$0
Program service expenses (Part III)
$64,100,906

Program services were 90.8% 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: PATIENT SERVICE REVENUE

    total $72,683,980 · related or exempt $72,683,980

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: OTHER INTEREST (COMMON PAYMASTER, CLAIMS

    total $184,651 · excluded $184,651

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $184,651

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $872,660 · program services $829,027 · management and general $43,633

  • 7 · Other salaries and wages

    total $23,519,387 · program services $23,519,387

  • 8 · Pension plan contributions

    total $2,629,528 · program services $2,629,528

  • 9 · Other employee benefits

    total $169,816 · program services $169,816

  • 10 · Payroll taxes

    total $1,029,597 · program services $1,029,597

  • 11a · Fees: management

    total $34,000,000 · program services $27,540,000 · management and general $6,460,000

  • 11g · Fees: other

    total $8,326,476 · program services $8,326,476 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $57,025 · program services $57,025

  • 24a · Other expenses: CORPORATE TAX

    total $50 · program services $50

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,355,895 · end of year $5,619,987

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,355,895 · end of year $5,619,987

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

PROVIDE CLINICAL INSTRUCTION TO AND SUPERVISION OF MEDICAL SCHOOL STUDENTS, INTERNS AND RESIDENTS AND, INCIDENT THERETO, RENDERING PROFESSIONAL SERVICES.

Activities or mission (Part I)

PROVIDE CLINICAL INSTRUCTION TO AND SUPERVISION OF MEDICAL STUDENTS, INTERNS AND RESIDENTS AND, INCIDENT THERETO, RENDERING PROFESSIONAL SERVICES.

  • THE ORGANIZATION PROVIDES SERVICES IN THE FIELD OF PEDIATRICS TO PATIENTS AND PROVIDES CLINICAL INSTRUCTION TO AND SUPERVISION OF SCHOOL OF MEDICINE STUDENTS AND HOSPITAL RESIDENTS.

    Expenses $64,100,906 · Revenue $72,683,980

As filed on the 2024 return.

Listed in Part VII

  • Carolyn Milana

    President & Director

    Total calculated
    $712,400
    From this org
    $399,199
    From related orgs
    $221,407
    Other
    $91,794
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $338,220 + $221,407 related
    Bonus
    $58,369
    Other
    $2,610
    Deferred
    $37,604 + $28,783 related
    Nontaxable benefits
    $2,869 + $22,538 related
    Filer's total
    $439,672 + $272,728 related

  • Susmita Pati

    DIRECTOR/SECRETARY/TREASURER

    Total calculated
    $212,936
    From this org
    $169,338
    From related orgs
    $0
    Other
    $43,598
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $141,728
    Bonus
    $25,000
    Other
    $2,610
    Deferred
    $20,007
    Nontaxable benefits
    $1,053 + $22,538 related
    Filer's total
    $190,398 + $22,538 related

  • Jeffrey Morganstern

    DIRECTOR

    Total calculated
    $357,829
    From this org
    $213,788
    From related orgs
    $82,036
    Other
    $62,005
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $194,713 + $82,036 related
    Bonus
    $16,800
    Other
    $2,275
    Deferred
    $25,381 + $10,665 related
    Nontaxable benefits
    $3,421 + $22,538 related
    Filer's total
    $242,590 + $115,239 related

  • Carl Kaplan

    PEDIATRICIAN

    Total calculated
    $520,872
    From this org
    $367,909
    From related orgs
    $91,003
    Other
    $61,960
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $328,389 + $91,003 related
    Bonus
    $36,910
    Other
    $2,610
    Deferred
    $38,834
    Nontaxable benefits
    $588 + $22,538 related
    Filer's total
    $407,331 + $113,541 related

  • Katherine Biagas

    PEDIATRICIAN

    Total calculated
    $577,197
    From this org
    $341,450
    From related orgs
    $160,871
    Other
    $74,876
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $308,840 + $160,871 related
    Bonus
    $30,000
    Other
    $2,610
    Deferred
    $38,880 + $12,870 related
    Nontaxable benefits
    $588 + $22,538 related
    Filer's total
    $380,918 + $196,279 related

  • Laurie Panesar

    PEDIATRICIAN

    Total calculated
    $508,416
    From this org
    $292,313
    From related orgs
    $157,867
    Other
    $58,236
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $239,703 + $157,867 related
    Bonus
    $50,000
    Other
    $2,610
    Deferred
    $34,764
    Nontaxable benefits
    $934 + $22,538 related
    Filer's total
    $328,011 + $180,405 related

  • Shanthy Sridhar

    PEDIATRICIAN

    Total calculated
    $598,666
    From this org
    $322,171
    From related orgs
    $188,319
    Other
    $88,176
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $271,361 + $188,319 related
    Bonus
    $48,200
    Other
    $2,610
    Deferred
    $38,347 + $24,482 related
    Nontaxable benefits
    $2,809 + $22,538 related
    Filer's total
    $363,327 + $235,339 related

  • Thomas Diacovo

    PEDIATRICIAN

    Total calculated
    $601,249
    From this org
    $300,621
    From related orgs
    $241,741
    Other
    $58,887
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $271,986 + $241,741 related
    Bonus
    $26,025
    Other
    $2,610
    Deferred
    $35,761
    Nontaxable benefits
    $588 + $22,538 related
    Filer's total
    $336,970 + $264,279 related

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 · Compensation survey or study
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
THE OFFICERS RECEIVED COMPENSATION OVER BASE SALARY INCLUDING THE BONUS DETERMINED AT THE ORGANIZATION'S DISCRETION OR BASED SPECIFICALLY ON BONUS PLANS SET BY THE ENTITY, DETERMINED AS REASONABLE. THIS BENEFIT IS SUBJECT TO THE GUIDELINES FOR NONFIXED PAYMENTS.

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.

  • SB HLTHCARE IPA LLC

    Related · HEALTHCARE · NY

    Directly controlled by CPMP

Related corporations and trusts

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

  • NICOLLS INDEMNITY SOLUTIONS SPC

    C Corporation · SELF-INSURANCE · CJ

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.1
Source object
202611259349302016

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