Wills Eye Ophthalmology Clinic Inc
- Assets
- $6.7m
- Revenue
- $31.4m
- Investments
- $0.0
- Employees
- 341
- Location
- Philadelphia, PA
- Founding
- 09/2003
- Data as of
- 06/2023
- EIN
- 23-3065896
Organization Overview
Wills Eye Ophthalmology Clinic Inc is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (H19) the organization is classified as: Support N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2023, Wills Eye Ophthalmology Clinic Inc employed 341 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wills Eye Ophthalmology Clinic 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 06/2023, Wills Eye Ophthalmology Clinic Inc generated $31.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $38.8m during the year ending 06/2023. While expenses have increased by 20.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH CARE PROVIDER, EMERGENCY ROOM PHYSICIANS AND EDUCATIONAL TRAINING SITE.
Describe the Organization's Program Activity:
PROVIDE HEALTHCARE CLINIC AND EMERGENCY ROOM SERVICES TO INDIVIDUALS ON AN OUTPATIENT BASIS. TOTAL VISITS WERE 119,415, TOTAL PROCEDURES/DIAGNOSTIC TESTING WERE 89,563 AND EMERGENCY ROOM VISITS WERE 15,287 .EDUCATION AND CLINICAL ROTATION FOR RESIDENTS AND MEDICAL STUDENTS FROM THE THOMAS JEFFERSON UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Bilson President & Director | OfficerTrustee | 6 | $0 |
Dr Julia Haller Vice President | Officer | 12 | $0 |
Michael Allen Secretary | Officer | 4 | $0 |
Shelley D Johnson Treasurer | Officer | 5 | $0 |
Dr Jonathan Myers Physician | Officer | 40 | $521,729 |
Dr Douglas Wisner Physician | Officer | 40 | $452,959 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextgen Healthcare Information Systems Patient Billing | 6/29/23 | $1,434,340 |
Mid Atlantic Retina Physician Services | 6/29/23 | $817,046 |
Ophthalmic Mutual Insurance Company Insurance | 6/29/23 | $606,558 |
Reliance Standard Life Insurance Company Insurance | 6/29/23 | $197,125 |
It Assist Inc It Professional Service | 6/29/23 | $157,686 |
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 | $30,391,723 |
| 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 | $31,394,262 |
| 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. | $2,681,222 |
| Compensation of current officers, directors, key employees. | $336,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,021,688 |
| Pension plan accruals and contributions | $305,000 |
| Other employee benefits | $2,483,177 |
| Payroll taxes | $1,263,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $668,356 |
| Advertising and promotion | $63,300 |
| Office expenses | $1,192,593 |
| Information technology | $162,474 |
| Royalties | $0 |
| Occupancy | $2,094,578 |
| Travel | $153,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,905 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,108 |
| Insurance | $1,243,437 |
| All other expenses | $0 |
| Total functional expenses | $38,819,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,315,363 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $222,661 |
| Prepaid expenses and deferred charges | $94,000 |
| Net Land, buildings, and equipment | $353,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,601,063 |
| Total assets | $6,748,089 |
| Accounts payable and accrued expenses | $6,614,769 |
| Grants payable | $0 |
| Deferred revenue | $151,978 |
| 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 | $7,292,684 |
| Total liabilities | $14,059,431 |
| Net assets without donor restrictions | -$7,311,342 |
| 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 | $6,748,089 |