New England Ophthalmological Society Inc 85 Central St
- Assets
- $2.7m
- Revenue
- $484.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 01/1985
- Data as of
- 06/2021
- EIN
- 22-2852977
Organization Overview
New England Ophthalmological Society Inc 85 Central St is located in Waltham, MA. The organization was established in 1985. 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. New England Ophthalmological Society Inc 85 Central St 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 06/2021, New England Ophthalmological Society Inc 85 Central St generated $484.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $256.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEW ENGLAND OPHTHALMOLOGICAL SOCIETY, INC. SEEKS TO PROMOTE INTEREST IN THE STUDY AND ADVANCEMENT OF OPHTHALMOLOGY THROUGH EDUCATIONAL SEMINARS AND INFORMATION FOR PROFESSIONALS AND PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE PATIENT-CENTERED ETHICAL STANDARDS FOR THE DELIVERY OF EYE CARE AND TO ESTABLISH THE ORGANIZATION AS THE LEADING NEW ENGLAND RESOURCE OF INFORMATION ABOUT EYE CARE WITH THE PUBLIC AND MEDIA. TO PROVIDE EDUCATION FOR OPHTHALMOLOGISTS. TO ENSURE ADEQUATE ENDOWMENT FOR OPHTHALMIC EDUCATION IN THE FUTURE AND TO PROVIDE EFFECTIVE MEMBERSHIP COMMUNICATION AND EDUCATION THROUGH MEETINGS AND THE SOCIETY'S WEBSITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Duker MD President | OfficerTrustee | 4 | $0 |
Brendan Mccarthy MD President-Elect | OfficerTrustee | 4 | $0 |
Christopher Soares MD Vice President/admissions/public Health | OfficerTrustee | 4 | $0 |
Claudia Richter MD Secretary | OfficerTrustee | 4 | $0 |
Joseph Rizzo MD Treasurer | OfficerTrustee | 4 | $0 |
Jorge Arroyo MD MPH Immediate Past President | Trustee | 4 | $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 | $15,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,257 |
| Total Program Service Revenue | $394,255 |
| Investment income | $74,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $76,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,007 |
| Information technology | $1,929 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $117,115 |
| Total functional expenses | $256,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,196 |
| 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 | $65,335 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,790,130 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,672 |
| Total assets | $2,659,333 |
| Accounts payable and accrued expenses | $20,435 |
| Grants payable | $0 |
| Deferred revenue | $3,117 |
| 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 | $23,552 |
| Net assets without donor restrictions | $661,871 |
| Net assets with donor restrictions | $1,973,910 |
| 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 | $2,659,333 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New England Ophthalmological Society Inc 85 Central St has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,500 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $8,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sightsavers Inc Boston, MA | $3,088,961 | $38,408,510 |
Mab Community Services Inc Brookline, MA | $22,797,863 | $33,503,586 |
Central Association For The Blind Inc Utica, NY | $109,170,090 | $29,734,150 |
Help Me See Inc New York, NY | $19,214,476 | $10,645,752 |
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 |