Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
| (A)
City of Phila TR Wills Eye Hospit |
236000204 | 3 | Yes | 768,397 | 0 | |
|
Total 1
|
768,397 | 0 | ||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs. | The officers of the Society maintain a close continuous working relationship with the board of directors of Wills Eye Hospital. The officers actively participate in planning the curriculum for the ophthalmology residency program at Wills Eye Hospital. The residency program at Wills Eye Hospital depends on supporting funds from the Society. The officers and other members of the Society maintain a close relationship with and provide mentor-ship to the resident doctors at the Wills Eye Hospital.The board of directors of Wills Eye Hospital is in constant communication with the officers of the Society in connection with the ophthalmology residency program.The President and Ophthalmologist-in-chief of Wills Eye Hospital, as representatives of the Board of Directors of Wills Eye Hospital attend and participate in the annual meeting of the Society. The Society's annual agenda is discussed at the annual meeting. The Society is in continuous communication with the Board of Directors of Wills Eye Hospital regarding the Society's role in supporting the residency program at Wills Eye Hospital. |
| Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played | The President and Ophthalmologist-in-Chief of Wills Eye Hospital, as representatives of the board of directors of Wills Eye Hospital, attend the annual meeting of the Society. At the annual meeting of the Society, the Fiduciary Committee of the Society and the Society's investment management professional present an annual report on the investments of the Society. The proposals for changes to the Society's investment portfolio are discussed in a plenary session of the membership of the Society, which session includes all other participants at the annual meeting of the Society. The President and the Ophthalmologist-in-Chief participate in the investment management discussion and have the opportunity to offer commentary, as representatives of Wills Eye Hospital, on the impact of the Society's investments on Wills Eye Hospital and the residency program. The Fiduciary Committee of the Society considers the recommendations of the membership and the commentary of the representatives of Wills Eye Hospital in making all financial and investment decisions. |
| Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu | The Society expends funds to support the ophthalmology residency program at Wills Eye Hospital. For example, the Society expends its funds to support the wet lab, library, and international residency program; each of which advances the educational purposes of the ophthalmology residency program at Wills Eye Hospital. The Society also sponsors an annual conference on the art and medicine of opthalmology, called the "Wills Eye Annual Conference." The conference is a three day conference designed for comprehensive ophthalmologists, specialists, and allied health personnel. The conference reviews clinical, diagnostic and therapeutic approaches to eye problems related to all ophthalmic sub-specialties. |
| Part IV, Section E, Line 2b: Reasons For The Organization's Position | Wills Eye Hospital would have to maintain and fully support a residency program for the hospital even without the support of the Society.After having held the conference for many decades, it is apparent that Wills Eye Hospital, to maintain its status as a leading national institution in ophthalmology, would independently host and sponsor the conference if the Society ceased to do so. |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 4d: Other Program Services Description | OTHER PROGRAM SERVICES 4: Textbooks for resident doctors in training. OTHER PROGRAM SERVICES 5: Other meeting expenses, printing, postage, gifts to graduating doctors. OTHER PROGRAM SERVICES 6: Annual Glaucoma Cares Conference featuring speakers, screenings, and presentations. OTHER PROGRAM SERVICES 7: Grant to Wills Eye Hospital for surgical training lab OTHER PROGRAM SERVICES 8: Donations to the Glaucoma Service Foundation, Will Eye Hospital and Wills Eye Foundations in support of the Pediatric Glaucoma programs including the Pediatric Galucoma Registry and Pedicatric Glaucoma Screening. OTHER PROGRAM SERVICES 9: Sponsorship of East Coast Alumni Reception to foster relationships between alumni, residents, and Wills Eye Hospital. OTHER PROGRAM SERVICES 10: Donation to the Wills Eye Foundations in support of the Center for Academic Global Opthalmology. OTHER PROGRAM SERVICES 11: Donations in support of Wills Eye Hospital sponsoring general programs and initatives. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The following categories of individuals are eligible for active membership in the Society:Ex-Residents: Ophthalmic physicians and surgeons who served a residency in ophthalmology at Wills Eye Hospital and received a certificate from Wills Eye Hospital signifying satisfactory completion of that residency.Ex-Fellows: Ophthalmic physicians and surgeons who served either a Clinical or Research Fellowship in one of the Sub-specialty Services of Wills Eye Hospital for at least one year, and received a certificate from Wills Eye Hospital signifying satisfactory completion of that fellowship.Staff and Ex-Staff: Ophthalmic physicians and surgeons who are or were formerly members of the Active Staff of Wills Eye Hospital and who engage or engaged in significant teaching or research as members of the Active Staff of Wills Eye Hospital.Inactive: An individual who was an active member but (a) discontinued the practice of ophthalmology for reasons other than retirement or disability or (b) failed to pay dues and assessments levied by the Society. Emeritus: An individual who was an active member by who discontinued the practice of ophthalmology because of retirement or disability.Honorary: An individual (physician or non-physician) who does not meet the criteria for active membership by who has supported or enhanced the art and practice of ophthalmology at Wills Eye Hospital, or served the Society in a noteworthy ancillary or supporting role. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Reviewed by signing officer prior to filing. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Each officer and director shall annually sign a statement which affirms such person:1. Has received a copy of the conflict of interest policy;2. Has read and understands the policy;3. Has agreed to comply with the policy; and4. Understands the Society is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Available from the organization upon request. |
| Part IX, Statement of Functional Expenses, Line 11g, Other | Secretarial Services $17,004 |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |