City Of Philadelphia Ttee Administering Wills Eye Institute

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lions Eye Bank Of Delaware Valley
Corneal Tissue
$1,007,655
Walnut Towers Associates Lp
Property Management
$778,102
Wed Lp
Lease
$732,277
Society Hill Anestheia Consultants Pc
Anesthesiologist
$624,856
Jefferson University Physicians
Physician Services
$445,419
View All Vendors

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

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 OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$203
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$30,507,853
Earnings$9,770,946
Net Contributions$13,600
Other Expense$949,033
Ending Balance$39,343,366

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