University At Buffalo Otolaryngology Inc
- Assets
- $799.6k
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Buffalo, NY
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-0194563
Organization Overview
University At Buffalo Otolaryngology Inc is located in Buffalo, NY. The organization was established in 2004. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, University At Buffalo Otolaryngology Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University At Buffalo Otolaryngology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, University At Buffalo Otolaryngology Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATIENT HEALTH CARE: TREATED A LARGE NUMBER OF WESTERN NEW YORK PATIENTS WITH BOTH MEDICAL AND SURGICAL CARE.
ACADEMIC PROGRAMS: TRAINED RESIDENTS DURING THE YEAR, AND OVER 50 MEDICAL STUDENTS IN OTOLARYNGOLOGY, PROVIDED A VENUE FOR QUALITY IMPROVEMENT FOR COMMUNITY OTOLARYNGOLOGISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sherris MD President | OfficerTrustee | 40 | $1,228,979 |
Michael Pizzuto MD Director | Trustee | 40 | $409,500 |
Mark Nagy MD Secretary/treasurer | OfficerTrustee | 40 | $382,500 |
Michele Carr MD Physician | 40 | $250,000 | |
Lisa Sherris Practice Manager | 40 | $204,154 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,547,018 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,038,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,020,979 |
| Compensation of current officers, directors, key employees. | $101,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,875 |
| Pension plan accruals and contributions | $237,931 |
| Other employee benefits | $43,898 |
| Payroll taxes | $116,782 |
| Fees for services: Management | $23,379 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,295 |
| Office expenses | $105,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,492 |
| Travel | $18,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,227 |
| Insurance | $14,643 |
| All other expenses | $166,212 |
| Total functional expenses | $4,718,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $364,316 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,984 |
| Net Land, buildings, and equipment | $6,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,491 |
| Total assets | $799,618 |
| Accounts payable and accrued expenses | $384,893 |
| Grants payable | $0 |
| Deferred revenue | $52,334 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,906 |
| Total liabilities | $473,133 |
| Net assets without donor restrictions | $326,485 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $799,618 |
Peer Organizations
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|---|---|---|
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |
University At Buffalo Otolaryngology Inc Buffalo, NY | $799,618 | $5,038,737 |
National Academy Of Design New York, NY | $76,726,771 | $4,754,677 |
Andover Newton Theological School Wayland, MA | $4,688,013 | $16,291 |
Yeshivat Maharat Inc Riverdale, NY | $6,390,529 | $2,913,175 |