Overview
What is Stony Brook Ophthalmology University Faculty Practice Corporation?
Stony Brook Ophthalmology University Faculty Practice Corporation is a nonprofit organization situated in Stony Brook, New York. With a team of 15 dedicated professionals, their primary mission is to offer clinical instruction and supervision to medical students, interns, and residents in the field of Ophthalmology. This educational role is coupled with the provision of professional services to their patients. The organization's work contributes significantly to the field of ophthalmology, enhancing the knowledge and skills of future medical professionals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Stony Brook Ophthalmology University Faculty Practice Corporation received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in accountability and finance practices. With a score of 64%, the organization shows particular strengths in financial oversight, boasting a perfect score for its audit and oversight committee and having no material diversion of assets. However, the absence of independent board members and missing financial documents on its website detracts from its overall accountability.
While the organization's program expense ratio is commendably high at 88.02%, which suggests a focus on its mission, the liabilities to assets ratio is concerning at 100%. This indicates that the organization may be operating with significant financial liabilities relative to its assets. Furthermore, the organization has established several key governance policies, such as a conflict of interest and whistleblower policy, which are positive indicators of its commitment to ethical practices.
Nevertheless, the lack of independent board members and the failure to publish required financial documents raise questions about transparency. Stakeholders may wish to monitor these aspects closely to ensure the organization is improving its governance practices over time.
This AI summary has been generated from information found on Charity Navigator.
Is Stony Brook Ophthalmology University Faculty Practice Corporation legitimate?
Stony Brook Ophthalmology University Faculty Practice Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stony Brook Ophthalmology University Faculty Practice Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,756,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,359,325
For more financial information, click here
What is the mission statement of Stony Brook Ophthalmology University Faculty Practice Corporation?
The Stony Brook Ophthalmology University Faculty Practice Corporation's mission is centered around providing clinical instruction and supervision to medical students, interns, and residents in the field of ophthalmology. This educational role is accompanied by rendering professional services to patients. The organization's primary goal is to contribute to the medical education process, shaping the future of ophthalmology professionals.
Who is the CEO of Stony Brook Ophthalmology University Faculty Practice Corporation?
Robert Honkanen Md is the Secretary/Treasurer/Director of Stony Brook Ophthalmology University Faculty Practice Corporation.
What is the revenue of Stony Brook Ophthalmology University Faculty Practice Corporation?
Stony Brook Ophthalmology University Faculty Practice Corporation's revenue in 2022 was $10,915,120.
Who are the executives of Stony Brook Ophthalmology University Faculty Practice Corporation and what are their salaries?
The average compensation at Stony Brook Ophthalmology University Faculty Practice Corporation during 2022 was $207,718. There are 15 employees at Stony Brook Ophthalmology University Faculty Practice Corporation.
Here are 9 key members and their salaries:
- Compensation: $700,520
- Related: $57,205
- Other: $61,234
- Compensation: $613,073
- Related: $122,446
- Other: $69,549
- Compensation: $390,757
- Related: $94,736
- Other: $62,003
- Compensation: $345,037
- Related: $55,626
- Other: $54,258
- Compensation: $43,316
- Related: $285,774
- Other: $70,271
- Compensation: $243,421
- Related: $61,087
- Other: $59,336
- Compensation: $242,342
- Related: $57,573
- Other: $58,577
- Compensation: $236,472
- Related: $57,205
- Other: $49,784
- Compensation: $238,224
- Related: $0
- Other: $28,911
Where can I find the form 990 for Stony Brook Ophthalmology University Faculty Practice Corporation?
Stony Brook Ophthalmology University Faculty Practice Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stony Brook Ophthalmology University Faculty Practice Corporation
Stony Brook Ophthalmology University Faculty Practice Corporation is dedicated to providing clinical instruction and supervision to medical school students, interns, and residents in the field of Ophthalmology. This mission goes hand in hand with rendering professional services to patients, thereby contributing to their overall learning experience and patient care. The organization's work is instrumental in shaping the future of healthcare professionals in the field of eye care. By offering clinical instruction and supervision, Stony Brook Ophthalmology University Faculty Practice Corporation plays a vital role in equipping these individuals with the necessary skills and knowledge to excel in their careers. This, in turn, ensures that patients receive top-notch care from well-trained and experienced professionals. The organization's dual focus on patient care and professional development sets it apart in the field of Ophthalmology, contributing significantly to the advancement of eye care services.
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Impact
July, 2024
The impact of Stony Brook Ophthalmology University Faculty Practice Corporation is significant in the field of Ophthalmology. They provide valuable clinical instruction and supervision to medical school students, interns, and residents, equipping them with the necessary skills and knowledge to excel in their careers. Additionally, by offering professional services in Ophthalmology to patients, they contribute to the improvement of healthcare outcomes in their community. Through their mission to provide clinical instruction and professional services, they play a crucial role in shaping the future of healthcare professionals and enhancing patient care.
This information is meant to be a general summary of Stony Brook Ophthalmology University Faculty Practice Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $10,877,961
- Gross Receipts: $10,915,120
Assets and Liabilities:
- Total Assets: $2,572,468
- Total Liabilities: $2,572,468
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$10,877,961
Organization Details
Founding Year
1983
Phone
(631) 444-2055Principal Officer
Robert Honkanen Md
Main Address
PO Box 1554, Stony Brook, NY, 11790
NTEE Category
Code: E20 - Health
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