American Optical Foundation
- Assets
- $1.3m
- Revenue
- -$10.1k
- Investments
- $1.2m
- Employees
- 0
- Location
- Southbridge, MA
- Founding
- 05/1959
- Data as of
- 12/2023
- EIN
- 04-6028058
Organization Overview
American Optical Foundation is located in Southbridge, MA. The organization was established in 1959. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Optical Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, American Optical Foundation has awarded 16 individual grants totaling $591,850. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES ARE LIMITED TO THE SELECTION OF ORGANIZATIONS AND INDIVIDUALS FOR DONATIONS OR SCHOLARSHIPS/EDUCATIONAL AWARDS. EXPENSES ARE MINIMAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Bridgman Trustee | 1 | $0 | |
John Van Dyke Trustee | 1 | $0 | |
Allen Skott Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,425 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,494 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$10,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $15,307 |
| Contributions, gifts, grants paid | $59,350 |
| Total expenses and disbursements | $74,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,056 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,180,302 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,272,358 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, American Optical Foundation has awarded $59,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE - SCHOLARSHIP PURPOSE: EDUCATIONAL | $52,250 |
SEE ATTACHED SCHEDULE - DONATIONS PURPOSE: CHARITABLE DONATIONS | $6,100 |
SEE ATTACHED SCHEDULE - MATCHING GI PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |