University Ophthalmology Services Inc
- Assets
- $5.9m
- Revenue
- $9.6m
- Investments
- $1.2m
- Employees
- 90
- Location
- Buffalo, NY
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 16-1492711
Organization Overview
University Ophthalmology Services Inc is located in Buffalo, NY. The organization was established in 1996. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, University Ophthalmology Services Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Ophthalmology Services 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 12/2021, University Ophthalmology Services Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY OPHTHALMOLOGY, INC. IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING THE EDUCATIONAL MISSION OF THE JACOBS SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES OF UNIVERSITY AT BUFFALO, STATE UNIVERSITY OF NEW YORK BY PROVIDING CLINICAL INSTRUCTION, SUPERVISION OF STUDENTS, INTERNS, RESIDENTS AND OTHER OPHTHALMIC SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE EDUCATIONAL MISSION OF SUNY-BUFFALO JACOBS SCHOOL OF MEDICINE BY PROVIDING CLINICAL INSTRUCTION, SUPERVISION OF STUDENTS, INTERNS, RESIDENTS & INCIDENTAL PROFESSIONAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Reynolds MD Board Member | Trustee | 40 | $398,121 |
Sandra Sieminski MD Vice President | OfficerTrustee | 40 | $352,865 |
John Lillvis MD PHD Board Member | Trustee | 40 | $297,234 |
James D Reynolds MD President | OfficerTrustee | 40 | $276,157 |
Asher Weiner MD Secretary/treasurer | OfficerTrustee | 40 | $272,859 |
Brian Madow MD Physician | 40 | $238,799 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cfosolutions Plus Accounting Services | 12/30/19 | $137,202 |
Sandra Everett Md Physician | 12/30/19 | $168,369 |
Alexander Chop Md Physician | 12/30/19 | $129,679 |
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 | $3,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,137 |
| Total Program Service Revenue | $8,626,200 |
| Investment income | $19,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,615,865 |
| 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. | $1,663,977 |
| Compensation of current officers, directors, key employees. | $332,795 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,852,489 |
| Pension plan accruals and contributions | $72,282 |
| Other employee benefits | $105,077 |
| Payroll taxes | $384,072 |
| Fees for services: Management | $16,258 |
| Fees for services: Legal | $15,270 |
| Fees for services: Accounting | $12,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,755 |
| Advertising and promotion | $48,949 |
| Office expenses | $338,846 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $613,662 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,926 |
| Interest | $32,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,271 |
| Insurance | $77,067 |
| All other expenses | $228,020 |
| Total functional expenses | $9,404,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,663 |
| Savings and temporary cash investments | $196,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $792,536 |
| 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 | $35,386 |
| Net Land, buildings, and equipment | $1,076,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,234,369 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,160,300 |
| Total assets | $5,863,038 |
| Accounts payable and accrued expenses | $1,051,460 |
| 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 | $1,137,709 |
| Other liabilities | $960,329 |
| Total liabilities | $3,149,498 |
| Net assets without donor restrictions | $2,713,540 |
| 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 | $5,863,038 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Ophthalmology Services Inc has recieved totaling $14,342.
| Awarding Organization | Amount |
|---|---|
Josephine O Cowper Tr Uw 21-12-77 Drs Aaron & Koenic Tr New York, NY PURPOSE: GENERAL | $14,342 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richford Health Center Inc Richford, VT | $25,264,953 | $21,205,017 |
Central Jersey Behavioral Health Associates Inc Oceanport, NJ | $4,455,141 | $15,257,783 |
Centerlight Healthcare Diagnostic And Treament Center Flushing, NY | $1,185,155 | $16,151,605 |
New York Dental Affiliates Pc New York, NY | $0 | $15,517,970 |
Merakey Montgomery County Lafayette Hill, PA | $6,362,296 | $14,598,796 |
Ub Family Medicine Inc Buffalo, NY | $5,045,310 | $14,069,368 |
Westfield Medical Corporation dba Noble Medical Group Westfield, MA | $0 | $6,532,918 |
Adelbrook Community Services Inc Cromwell, CT | $2,912,791 | $10,554,155 |
University Ophthalmology Services Inc Buffalo, NY | $5,863,038 | $9,615,865 |
Western Mass Physician Associates Inc Holyoke, MA | $1,764,527 | $7,001,256 |
Health Services Of Clarion Inc Butler, PA | $1,886,701 | $6,401,684 |
Northeast Medical Group Pllc Stratford, CT | $17,159,134 | $5,588,513 |