Herman Knapp Testamonial Fund
- Assets
- $10.2m
- Revenue
- $399.3k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 10/1944
- Data as of
- 12/2023
- EIN
- 04-6042338
Organization Overview
Herman Knapp Testamonial Fund is located in San Francisco, CA. The organization was established in 1944. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herman Knapp Testamonial Fund 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 12/2023, Herman Knapp Testamonial Fund generated $399.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $102.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND IS ORGANIZED TO SUPPORT THE PURPOSES AND FUNCTIONS OF THE AMERICAN OPHTHALMOLOGICAL SOCIETY BY: RAISING THE STANDARDS OF MEDICAL CARE OF THE OCULAR SICK BY PROMOTING AND ADVANCING THE ART AND SCIENCE OF OPHTHALMOLOGY; ADVANCING THE ART AND PRACTICE OF OPHTHALMIC TEACHING; PROMOTING AND SUPPORTING ADVANCED STUDY AND RESEARCH IN THE FIELDS OF OCULAR AND RELATED DISEASES; AND BY PROVIDING FOR PRIZES AND MEDALS TO PERSONS EXCELLING IN ONE OR MORE OF SUCH ENDEAVORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HERMAN KNAPP FUND SUPPORTS THE AMERICAN OPHTHALMOLOGICAL SOCIETY THROUGH THE SUPPORT OF SCIENTIFIC AND EDUCATIONAL SYMPOSIA AND HONORARY LECTURES PRESENTED AT THE ANNUAL MEETING.
THE HERMAN KNAPP FUND PROVIDES SUPPORT FOR THE RESIDENT RETREAT OF THE HEED OPHTHALMIC FOUNDATION TO ENCOURAGE PURSUIT OF ACADEMIC CAREERS. ADDITIONALLY, THE HERMAN KNAPP FUND PROVIDES SUPPORT TO OTHER ORGANIZATIONS WITHIN THE OPHTHALMOLOGICAL FIELD.
THE HERMAN KNAPP FUND SUPPORTS TRAVEL AWARDS FOR NON-MEMBER, YOUNG INVESTIGATORS FROM THEIR RESIDENCIES TO PARTICIPATE IN THE AOS ANNUAL MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Wilson MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
William F Mieler MD Facs Farvo Chair Through 5/2023 | OfficerTrustee | 1 | $0 |
Preston H Blomquist MD Chair Start 5/2023 | OfficerTrustee | 1 | $0 |
Emily Y Chew MD Trustee | Trustee | 1 | $0 |
Mary E Hartnett MD Trustee | Trustee | 1 | $0 |
Peter A Netland MD PHD Trustee Start 5/2023 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $215,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,077 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,233 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,776 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,820 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $681 |
| All other expenses | $0 |
| Total functional expenses | $102,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,958,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,202,025 |
| Total assets | $10,160,073 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $10,160,073 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,160,073 |
Grants Awarded
Over the last fiscal year, Herman Knapp Testamonial Fund has awarded $265,930 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE HEED OPHTHALMIC FOUNDATION PURPOSE: SUPPORT OF RESIDENT RETREAT | $10,000 |
THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY PURPOSE: SUPPORT FOR MUSEUM OF THE EYE | $255,930 |