Wills Eye Alumni Society
- Assets
- $7.7m
- Revenue
- $560.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2016
- Data as of
- 12/2021
- EIN
- 81-0737759
Organization Overview
Wills Eye Alumni Society is located in Philadelphia, PA. The organization was established in 2016. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wills Eye Alumni Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE & ADVANCE THE SCIENCE & ART OF OPHTHALMOLOGY, ENHANCE & SUPPORT THE EDUCATION & TRAINING OF RESIDENTS & FELLOWS OF OPHTHALMOLOGY AT THE WILLS EYE INSTITUTE, ENCOURAGE & SUPPORT RESEARCH IN OPHTHALMOLOGY, PROMOTE THE CONTINUED EXISTENCE OF WILLS EYE HOSPITAL & TO SPONSOR AN ANNUAL CONFERENCE PERTAINING TO OPHTHALMOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT TO WILLS EYE FOUNDATION IN SUPPORT OF THE THE CONSTRUCTION OF A NEW AUDITORIUM AT WILLS EYE HOSPITAL
DONATIONS IN SUPPORT OF WILLS EYE HOSPITAL SPONSORING GENERAL PROGRAMS AND INITATIVES.
ANNUAL CONFERENCE FEATURING SCIENTIFIC PAPERS, SYMPOSIA, WORKSHOPS, AND AAO RECEPTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna M Fisher MD Imm Past Chair | OfficerTrustee | 0 | $0 |
Douglas Wismer MD Vice President | OfficerTrustee | 0 | $0 |
Carl Regillo MD Chairman | OfficerTrustee | 0 | $0 |
Omesh Gupta MD Treasurer | OfficerTrustee | 0 | $0 |
Christine Chung MD President | OfficerTrustee | 0 | $0 |
Mark Pyfer MD Vice Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,830 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,421 |
| Total Program Service Revenue | $42,050 |
| Investment income | $160,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $292,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $560,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $291,875 |
| Grants and other assistance to domestic individuals. | $31,930 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,930 |
| Fees for services: Other | $20,019 |
| Advertising and promotion | $0 |
| Office expenses | $488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,976 |
| All other expenses | $5,862 |
| Total functional expenses | $483,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,955 |
| Savings and temporary cash investments | $18,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,536,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,714,098 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $6,927,711 |
| Net assets with donor restrictions | $786,387 |
| 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 | $7,714,098 |
Grants Awarded
Over the last fiscal year, Wills Eye Alumni Society has awarded $171,584 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: Support of Surgical Train Lab / Ped | $135,853 |
Philadephia, PA PURPOSE: Support of Glaucoma SW EE / Misc | $35,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wills Eye Alumni Society has recieved totaling $125.
| Awarding Organization | Amount |
|---|---|
Braverman Family Charitable Foundation San Antonio, TX PURPOSE: EDUCATION & RESEARCH | $125 |
Endowment Analysis
| Beg. Balance | $7,120,526 |
| Earnings | $886,588 |
| Admin Expense | $20,930 |
| Net Contributions | $110 |
| Other Expense | $300,000 |
| Grants | $131,150 |
| Ending Balance | $7,555,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Jewish Health System Inc Brooklyn, NY | $32,845,157 | $60,897,961 |
Integrace Inc Fort Washington, PA | $287,623,657 | $61,949,797 |
West Virginia Health Care Cooperative Inc Summersville, WV | $43,415,589 | $66,715,659 |
Royal Charter Properties Inc New York, NY | $137,963,781 | $43,558,448 |
American Nurses Credentialing Center Silver Spring, MD | $82,788,140 | $58,809,880 |
Msmc Residential Realty Llc New York, NY | $105,712,939 | $27,441,000 |
Network Recovery Services Inc New York, NY | $9,165,578 | $32,013,322 |
Wooster Community Hospital Foundation Wooster, OH | $9,599,227 | $32,668,692 |
Hunterdon Specialty Care Pc Flemington, NJ | $3,946,893 | $25,039,620 |
Riverspring Services Corp Riverdale, NY | $5,653,690 | $21,974,474 |
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
Asbury Communities Inc Frederick, MD | $47,159,908 | $12,863,922 |