City Of Philadelphia Ttee Administering Wills Eye Institute
- Assets
- $137.2m
- Revenue
- $37.4m
- Investments
- $0.0
- Employees
- 244
- Location
- Philadephia, PA
- Founding
- 11/1977
- Data as of
- 06/2020
- EIN
- 23-6000204
Organization Overview
City Of Philadelphia Ttee Administering Wills Eye Institute is located in Philadephia, PA. The organization was established in 1977. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, City Of Philadelphia Ttee Administering Wills Eye Institute employed 244 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Philadelphia Ttee Administering Wills Eye Institute 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 06/2020, City Of Philadelphia Ttee Administering Wills Eye Institute generated $37.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $42.1m during the year ending 06/2020. While expenses have increased by 3.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE PROVIDER: PROVIDES HEALTH CARE TO INDIVIDUALS ON AN INPATIENT AND OUTPATIENT BASIS. PHYSICIANS OF THE ORGANIZATION VOLUNTEERED THEIR TIME PERFORMING EYE EXAMS AT NO CHARGE. THE ORGANIZATION HOSTED A GIVE KIDS SIGHT DAY WHERE MORE THAN A THOUSAND SCREENINGS WERE CONDUCTED TO CHILDREN THAT ATTENDED. SEE SCHEDULE O FOR MORE INFORMATION.
CONTINUING MEDICAL EDUCATION: PROVIDE MEDICAL EDUCATION FOR STAFF AND OUTSIDE PARTICIPANTS. WILLS EYE TRAINS MEDICAL STUDENTS THROUGHOUT THE JEFFERSON HEALTH SYSTEM AS WELL AS THE WILLS EYE JEFFERSON OPHTHALMOLOGY RESIDENTS. CURRENT AND LONG TERM OBJECTIVES ARE TO PROVIDE BETTER HEALTH CARE. WILLS EYE EDUCATION PORTAL IS AVAILABLE WORLDWIDE AT NO COST TO PARTICIPANTS.
RESEARCH FACILITY: TO LEVERAGE CLINICAL AND TECHNOLOGICAL ADVANCES IN HEALTH DELIVERY SYSTEMS, DATA ANALYTICS, ARTIFICIAL INTELLIGENCE, GENETICS, AND PRECISION MEDICINE IN OPHTHALMOLOGY. TO DRIVE BREAKTHROUGHS IN OPHTHALMIC SCIENCE AND MEDICINE THROUGH COLLABORATION AND INNOVATION THAT EMPOWER LIVES BY PRESERVING VISION THROUGH PREVENTING, TREATING, AND CURING EYE DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Julia Haller Medical Director | Officer | 28 | $1,092,443 |
Joseph P Bilson Chief Executive Officer /exec Dir | Officer | 23 | $412,394 |
Michael Allen Chief Operations Officer | Officer | 31 | $344,396 |
Leslie Hyman Vice Chair Of Research | 40 | $329,305 | |
Dr Ralph Eagle Physician | 1 | $235,971 | |
Greg Passanante Chief Nursing Officer | Officer | 40 | $227,582 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lions Eye Bank Of Delaware Valley Corneal Tissue | 6/29/21 | $1,007,655 |
Walnut Towers Associates Lp Property Management | 6/29/21 | $778,102 |
Wed Lp Lease | 6/29/21 | $732,277 |
Society Hill Anestheia Consultants Pc Anesthesiologist | 6/29/21 | $624,856 |
Jefferson University Physicians Physician Services | 6/29/21 | $445,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,694,716 |
| Investment income | $1,901,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$473,248 |
| Net Gain/Loss on Asset Sales | $1,324,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,442,119 |
| Statement of Expenses | |
|---|---|
| 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. | $2,297,617 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,358,576 |
| Pension plan accruals and contributions | $658,888 |
| Other employee benefits | $1,378,225 |
| Payroll taxes | $966,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $263,966 |
| Fees for services: Accounting | $137,529 |
| Fees for services: Lobbying | $90,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $565,923 |
| Fees for services: Other | $2,254,719 |
| Advertising and promotion | $974,025 |
| Office expenses | $1,940,716 |
| Information technology | $303,178 |
| Royalties | $0 |
| Occupancy | $1,110,051 |
| Travel | $122,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,909 |
| Interest | $1,559,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,809,919 |
| Insurance | $554,502 |
| All other expenses | $0 |
| Total functional expenses | $42,089,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,144,704 |
| Savings and temporary cash investments | $62,842,888 |
| Pledges and grants receivable | $2,036,466 |
| Accounts receivable, net | $2,843,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $463,290 |
| Prepaid expenses and deferred charges | $252,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,808,928 |
| Intangible assets | $0 |
| Other assets | $25,980,562 |
| Total assets | $137,162,653 |
| Accounts payable and accrued expenses | $12,742,134 |
| Grants payable | $0 |
| Deferred revenue | $5,725,104 |
| Tax-exempt bond liabilities | $15,000,000 |
| 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 | $4,883,607 |
| Other liabilities | $42,926,556 |
| Total liabilities | $81,277,401 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $55,885,252 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Of Philadelphia Ttee Administering Wills Eye Institute has recieved totaling $203.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $203 |
Endowment Analysis
| Beg. Balance | $30,507,853 |
| Earnings | $9,770,946 |
| Net Contributions | $13,600 |
| Other Expense | $949,033 |
| Ending Balance | $39,343,366 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Mount St Marys Hospital Of Niagara Falls Buffalo, NY | $85,822,879 | $119,030,413 |
Davis Memorial Hospital Elkins, WV | $99,450,993 | $120,748,268 |
St Lukes Quakertown Hospital Allentown, PA | $224,667,230 | $112,978,373 |
Claxton-Hepburn Medical Center Odensburg, NY | $148,754,209 | $110,908,691 |
U Of M Rehab & Orthopaedic Institute Baltimore, MD | $214,130,610 | $125,454,652 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
Geneva General Hospital Geneva, NY | $241,263,281 | $108,269,094 |
Upmc Pittsburgh, PA | $122,342,039 | $105,892,952 |
Northeastern Pennsylvania Health Corporation Allentown, PA | $304,803,492 | $145,234,138 |
Reynolds Memorial Hospital Inc Glen Dale, WV | $68,940,537 | $122,482,209 |