Dean Mcgee Eye Institute
- Assets
- $52.4m
- Revenue
- $54.7m
- Investments
- $0.0
- Employees
- 417
- Location
- Oklahoma City, OK
- Founding
- 05/1973
- Data as of
- 06/2021
- EIN
- 73-6109395
Organization Overview
Dean Mcgee Eye Institute is located in Oklahoma City, OK. The organization was established in 1973. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, Dean Mcgee Eye Institute employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dean Mcgee 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 06/2021, Dean Mcgee Eye Institute generated $54.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $53.1m during the year ending 06/2021. While expenses have increased by 4.1% 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
MEDICAL CARE, MEDICAL EDUCATION AND RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EYE CARE IN OVER 216,250 PATIENT VISITS AND PROVIDED INDIGENT CARE IN EXCESS OF $585,000
PROVIDED VIVARIUM, PATHOLOGY, AND MICROSCOPY LABORATORY SERVICES TO NATIONAL INSTITUTE OF HEALTH (NIH) FUNDED PRINCIPAL INVESTIGATORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garyl G Geist Evp/coo | OfficerTrustee | 60 | $252,590 |
Michael Siatkowski MD CEO | OfficerTrustee | 60 | $150,000 |
David E Rainbolt Chairman | OfficerTrustee | 0.5 | $0 |
James R Tolbert III Chairman Emeritus | OfficerTrustee | 0.05 | $0 |
Michael Joseph Secretary | OfficerTrustee | 0.05 | $0 |
Jason Sanders MD Trustee (until 1/22) | Trustee | 0.05 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T Scott Construction Llc Construction | 6/29/18 | $1,041,401 |
Scott C Sigler Md Oculoplastics Physician | 6/29/18 | $130,326 |
First Maintenance Llc Housekeeping | 6/29/18 | $194,446 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,612,872 |
| Investment income | $6,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,403 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,739,557 |
| Statement of Expenses | |
|---|---|
| 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. | $568,589 |
| Compensation to disqualified persons | $241,850 |
| Other salaries and wages | $22,211,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,717,342 |
| Payroll taxes | $1,300,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,673 |
| Fees for services: Accounting | $77,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,023,769 |
| Advertising and promotion | $123,833 |
| Office expenses | $2,221,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $838,276 |
| Travel | $40,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,417 |
| Interest | $19,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,012,313 |
| Insurance | $299,891 |
| All other expenses | $0 |
| Total functional expenses | $53,079,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,764,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,297,292 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $297,571 |
| Inventories for sale or use | $1,861,798 |
| Prepaid expenses and deferred charges | $300,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,035,788 |
| Other assets | -$133,710 |
| Total assets | $52,380,572 |
| Accounts payable and accrued expenses | $8,807,694 |
| Grants payable | $0 |
| Deferred revenue | $3,131,170 |
| 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 | $886,446 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,825,310 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $39,555,262 |