Sb Clinical Practice Management Plan INC

Tax-deductible

Stony Brook, NY501(c)(3)Since 2013Health CareEIN 46-1787308

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A Clinical Practice Management Plan for the Management of the Clinical Practice of faculty members at the medical school at the state university of new york at stony brook.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $12.1M a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $98K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$296.0M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 18 voting members
Concern: none of 18 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326.7M
+13% vs prior year
Spent
$331.3M
To programs
98%
Net assets
$8.8M
By yearFY2020–FY2024
Revenue
$326.7M
FY2024▲ +13%
Revenue by fiscal year
FY2020$214.6M
FY2021$269.2M
FY2022$274.3M
FY2023$288.3M
FY2024$290.2M
FY2024$326.7M
Expenses
$331.3M
FY2024▲ +4%
Expenses by fiscal year
FY2020$233.1M
FY2021$246.5M
FY2022$286.6M
FY2023$313.2M
FY2024$317.8M
FY2024$331.3M
Net assets
$8.8M
FY2024▲ +132%
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$1.8M
FY2023$1.7M
FY2024−$27.6M
FY2024$8.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $323.7M Management & general 2% · $7.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Director/Secretary/Treasurer
$0Pt VII · Sec A
President & Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Sb Clinical Practice Management Plan INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Collects and distributes members' clinical practice income.

Provided by the organization

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1 program · $323.7M · in their own filed words · FY2024
01

Collection and disbursement of members' clinical practice income.

$323.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$98K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$326.7M
Ln 12
Fees for servicesLn 2g$326.7M
Investment incomeLn 3$51K
Money outPt IX
$331.3M
Ln 25
Programscol B$323.7M
Managementcol C$7.5M
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.5M
Total assetsLn 16$304.8M
LiabilitiesLn 26$296.0M
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$326.7M
Investment incomeLn 3$51K
Gains on assetsLn 7$43K
Total revenueLn 12$326.7M
Assets in detailPt X, end of year
CashLn 1$11.5M
Cash and savings togetherLn 1–2$11.5M
InvestmentsLn 11–13$5.0M
Land, buildings, equipmentLn 10c$232.0M
Other assetsLn 15$56.3M
Total assetsLn 16$304.8M
LiabilitiesLn 26$296.0M
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.9M$11.5M
InvestmentsLn 11–13$4.7M$5.0M
Land, buildings, equipmentLn 10c$235.4M$232.0M
Total assetsLn 16$304.3M$304.8M
LiabilitiesLn 26$331.8M$296.0M
Net assetsLn 32−$27.6M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$117.1M$111.2M$5.9M
Other employee benefitsLn 9$33.5M$31.8M$1.7M
Legal feesLn 11b$717K$717K
Accounting feesLn 11c$316K$316K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$77.4M$77.4M$0$0
Advertising and promotionLn 12$332K$332K
Office expensesLn 13$317K$317K
Information technologyLn 14$4.2M$4.2M
OccupancyLn 16$9.2M$9.2M
TravelLn 17$1.2M$1.2M
InterestLn 20$10.0M$10.0M
Depreciation, depletion and amortizationLn 22$3.8M$3.8M
InsuranceLn 23$38.1M$38.1M
Other expenses (24a–d)Ln 24$35.1M$35.1M
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$331.3M$323.7M$7.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $290.2M$317.8M−$27.7M−$27.6M 990 PDF
FY2023 $288.3M$313.2M−$24.9M$1.7M 990 PDF
FY2022 $274.3M$286.6M−$12.2M$1.8M 990 PDF
FY2021 $269.2M$246.5M$22.7M$0 990 PDF
FY2020 $214.6M$233.1M−$18.5M$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $326,714,943 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $326,663,922$326,663,922
VIII-3 Investment incomeExcluded from tax $7,830$7,830
VIII-7 Net gain or loss on sales of assetsExcluded from tax $43,191$43,191
VIII-12 Total revenueRelated to mission $326,663,922 · Unrelated business $0 · Excluded from tax $51,021$326,714,943
Part IX · Statement of functional expenses $331,273,502 across 16 lines filed
IX-7 Other salaries and wagesPrograms $111,225,801 · Management $5,853,990$117,079,791
IX-9 Other employee benefitsPrograms $31,784,419 · Management $1,672,864$33,457,283
IX-11b Legal feesPrograms $716,836$716,836
IX-11c Accounting feesPrograms $316,206$316,206
IX-11f Investment management feesManagement $13,704$13,704
IX-11g Other fees for servicesPrograms $77,394,601 · Management $0 · Fundraising $0$77,394,601
IX-12 Advertising and promotionPrograms $331,513$331,513
IX-13 Office expensesPrograms $316,985$316,985
IX-14 Information technologyPrograms $4,191,818$4,191,818
IX-16 OccupancyPrograms $9,152,067$9,152,067
IX-17 TravelPrograms $1,167,564$1,167,564
IX-20 InterestPrograms $10,043,190$10,043,190
IX-22 Depreciation, depletion and amortizationPrograms $3,843,117$3,843,117
IX-23 InsurancePrograms $38,121,670$38,121,670
IX-24 Other expenses (24a–d)Programs $35,127,157$35,127,157
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $323,732,944 · Management $7,540,558 · Fundraising $0$331,273,502
Part X · Balance sheet $304,764,443 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $7,942,233$11,469,117
X-9 Prepaid expenses and deferred chargesStart of year $2,105,707$15,889
X-10c Land, buildings and equipment, netStart of year $235,377,882$232,005,164
X-11 Publicly traded securitiesStart of year $4,729,182$4,958,812
X-15 Other assetsStart of year $54,104,788$56,315,461
X-16 Total assetsStart of year $304,259,792$304,764,443
X-17 Accounts payable and accrued expensesStart of year $6,684,792$8,754,639
X-25 Other liabilitiesStart of year $325,145,530$287,218,945
X-26 Total liabilitiesStart of year $331,830,322$295,973,584
X-27 Net assets without donor restrictionsStart of year −$27,570,530$2,659,574
X-32 Total net assets or fund balancesStart of year −$27,570,530$8,790,859
X-33 Total liabilities and net assetsStart of year $304,259,792$304,764,443
Part XI · Reconciliation of net assets $8,790,859 net assets at year end
XI-1 Total revenue$326,714,943
XI-2 Total expenses$331,273,502
XI-3 Revenue less expenses−$4,558,559
XI-4 Net assets at start of year−$27,570,530
XI-5 Net unrealized gains (losses) on investments$93,438
XI-8 Prior period adjustments$33,701,815
XI-9 Other changes in net assets$7,124,695
XI-10 Net assets at end of year$8,790,859

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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