American Optical Foundation
- Assets
- $1.5m
- Revenue
- $239.8k
- Investments
- $1.4m
- Employees
- 0
- Location
- Southbridge, MA
- Founding
- 05/1959
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, American Optical Foundation generated $239.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $83.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, American Optical Foundation has awarded 12 individual grants totaling $539,350. 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
2021
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 |
|---|---|---|---|
John Van Dyke Trustee | 1 | $0 | |
Gary Bridgman Trustee | 1 | $0 | |
Allen Skott Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,511 |
| Capital Gain Net Income | $194,511 |
| Net ST Capital Gain | $197 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $239,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,723 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $122 |
| Total operating and administrative expenses | $19,707 |
| Contributions, gifts, grants paid | $63,850 |
| Total expenses and disbursements | $83,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,995 |
| 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 | $1,439,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,478,975 |
| 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 $63,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED SCHEDULE PURPOSE: EDUCATIONAL | $51,500 |
SEE ATTACHED SCHEDULE PURPOSE: CHARITABLE DONATIONS | $12,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carroll Center For The Blind Inc Newton, MA | $12,273,464 | $7,857,415 |
Northeastern Association Of The Blind At Albany Inc Albany, NY | $6,246,704 | $6,313,158 |
Eye To Eye Inc New York, NY | $3,187,260 | $4,382,588 |
Jbi International Inc New York, NY | $25,677,529 | $3,230,233 |
Vermont Association For The Blind And Visually Impaired Inc South Burlington, VT | $11,330,478 | $4,815,693 |
New Hampshire Association For The Blind Concord, NH | $13,968,275 | $3,346,181 |
Glaucoma Foundation Inc New York, NY | $12,951,160 | $4,297,114 |
Readers Digest Partners For Sight Foundation Mt Kisco, NY | $12,659,524 | $1,861,545 |
Xavier Society For The Blind New York, NY | $18,344,454 | $1,590,017 |
Fred Hollows Foundation Usa New York, NY | $419,827 | $1,406,543 |
Southern Tier Association For The Visually Impaired Incorporated Elmira, NY | $9,397,395 | $126,184 |
Indo-American Eye Care Society Inc Rochester, NY | $9,903,886 | $2,062,447 |