Wills Eye Foundation Inc
- Assets
- $8.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Philadelphia, PA
- Founding
- 06/2006
- Data as of
- 06/2022
- 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 06/2022, Wills Eye Foundation Inc employed 8 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 06/2022, Wills Eye Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
2022
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 |
|---|---|---|---|
Dr Julia Haller President & Director | OfficerTrustee | 40 | $0 |
Joseph P Bilson Vice President & Director | OfficerTrustee | 2 | $0 |
Michael Allen Secretary | Officer | 1 | $0 |
Shelley D Johnson Treasurer | Officer | 2 | $0 |
John Zabinski Chief Development Officer | Officer | 40 | $389,998 |
Linda Mancini Dir. Of Development Operations | 40 | $102,620 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $214,024 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,217,200 |
| Noncash contributions included in lines 1a–1f | $5,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,431,224 |
| Total Program Service Revenue | $0 |
| Investment income | $72,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,166 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,509,687 |
| 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. | $295,667 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,754 |
| Pension plan accruals and contributions | $27,584 |
| Other employee benefits | $120,085 |
| Payroll taxes | $57,910 |
| 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 | $11,265 |
| Fees for services: Other | $254,363 |
| Advertising and promotion | $0 |
| Office expenses | $93,565 |
| Information technology | $11,634 |
| Royalties | $0 |
| Occupancy | $71 |
| Travel | $12,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $630 |
| All other expenses | $15,803 |
| Total functional expenses | $1,765,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,725 |
| Savings and temporary cash investments | $8,378,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,500 |
| 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 | $26,684 |
| 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 | $8,726,290 |
| Accounts payable and accrued expenses | $306,081 |
| 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 | $733,588 |
| Total liabilities | $1,039,669 |
| Net assets without donor restrictions | -$1,017,122 |
| Net assets with donor restrictions | $8,703,743 |
| 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 | $8,726,290 |