Wills Eye Foundation Inc
- Assets
- $9.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 06/2006
- Data as of
- 06/2021
- EIN
- 59-3794523
Organization Overview
Wills Eye Foundation Inc is located in Philadelphia, PA. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Wills Eye Foundation Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wills Eye Foundation 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 06/2021, Wills Eye Foundation Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
SUPPORT MISSION OF THE WILLS EYE HEALTH SYSTEM ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO VARIOUS CHARITABLE, EDUCATIONAL, AND SCIENTIFIC ORGANIZATIONS SPECIFIED IN THE CORPORATION'S ARTICLES. AREAS OF ACTIVITY INCLUDES CLINICAL RESEARCH, EDUCATIONAL TRAINING ANDFELLOWSHIP OPERATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Zabinski As Of 11320 Chief Development Officer | Officer | 40 | $310,960 |
Monica Winter Until 93020 Dir Of Fdn & Corp Relations | 40 | $120,474 | |
Linda Mancini Dir. Of Development Operations | 40 | $101,806 | |
Dr Julia Haller President & Director | OfficerTrustee | 40 | $0 |
Joseph P Bilson Vice President & Director | OfficerTrustee | 2 | $0 |
Michael Allen Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schultz Williams Inc Consulting | 6/29/20 | $194,643 |
Mj Settelen Construction Llc Construction | 6/29/20 | $1,296,966 |
Schultz Williams Inc Consulting | 6/29/20 | $194,643 |
D2 Solutions Inc Interior Design | 6/29/20 | $104,902 |
D2 Solutions Inc Interior Design | 6/29/20 | $104,902 |
Schultz Williams Inc Consulting | 6/29/20 | $194,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $189,897 |
| Related organizations | $0 |
| Government grants | $14,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,230,230 |
| Noncash contributions included in lines 1a–1f | $76,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,434,238 |
| Total Program Service Revenue | $0 |
| Investment income | $60,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$44,001 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,451,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $329,998 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $767,872 |
| Pension plan accruals and contributions | $21,904 |
| Other employee benefits | $94,814 |
| Payroll taxes | $61,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,933 |
| Fees for services: Other | $299,413 |
| Advertising and promotion | $4,660 |
| Office expenses | $65,458 |
| Information technology | $13,352 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $424 |
| All other expenses | $39,742 |
| Total functional expenses | $1,803,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,673 |
| Savings and temporary cash investments | $8,954,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $366,245 |
| 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 | $6,620 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,416,771 |
| Accounts payable and accrued expenses | $183,730 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $35,145 |
| Total liabilities | $218,875 |
| Net assets without donor restrictions | -$119,302 |
| Net assets with donor restrictions | $9,317,198 |
| 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 | $9,416,771 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wills Eye Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Newell Devalpine Foundation Pittsburgh, PA PURPOSE: INNOVATION IN OPTHAMOLOGY | $25,000 |
Endowment Analysis
| Beg. Balance | $3,193,376 |
| Earnings | $945,781 |
| Net Contributions | $131,635 |
| Ending Balance | $4,270,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |