Pennsylvania Academy Of Ophthalmology is located in Harrisburg, PA. The organization was established in 1993. 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. Pennsylvania Academy Of Ophthalmology is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Pennsylvania Academy Of Ophthalmology generated $244.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $203.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PENNSYLVANIA ACADEMY OF OPHTHALMOLOGY WAS INCORPORATED AS A NONPROFIT ORGANIZATION IN SEPTEMBER 1990. THE ACADEMY'S PURPOSE IS TO ACT AS THE VOICE OF OPHTHALMOLOGIC MEDICINE IN PENNSYLVANIA; TO FOSTER AMONG ITS MEMBERS THE PROVISION OF THEIR TALENTS, KNOWLEDGE, AND SKILL OR THE BENEFIT OF THE PUBLIC; TO SERVE AS A PATIENT ADVOCATE IN PROMOTING PREVENTIVE EYE CARE; AND TO ADVANCE THE KNOWLEDGE, SCIENCE, AND PRACTICE OF OPHTHALMOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAO FULFILLS ITS MISSION BY PROVIDING EDUCATION FOR DOCTORS AND THEIR STAFF, BY ADVOCATING FOR OPHTHALMOLOGISTS AND THEIR PATIENTS IN THE STATE LEGISLATURE, AND PROMOTING PREVENTATIVE EYE CARE TO THE CITIZENS OF PENNSYLVANIA. ACTIVITIES THAT SUPPORT THIS MISSION INCLUDE: 1) PAO, WITH THE HELP OF THEIR GOVERNMENT RELATIONS FIRM, PROVIDED INPUT TO STATE LEGISLATORS PROMOTING SCHOOL AGE CHILDREN IN PENNSYLVANIA WITH LOW-COST VISION SCREENINGS AS OPPOSED TO COSTLY EYE EXAMS EACH YEAR. THIS IS LEGISLATION WAS ENACTED IN 2020 BUT HAS BEEN REINTRODUCED AND CONTINUES TO BE OF CONCERN. THE PAO ALSO WORKED TO INFORM STATE LEGISLATORS AND THE ADMINISTRATION OF THE LOW MEDICARE REIMBURSEMENTS FOR PEDIATRIC OPHTHALMOLOGISTS. CURRENTLY, IT IS THE LOWEST AMOUNT IN ALL 50 STATES. 2)PAO'S YOUNG OPHTHALMOLOGISTS COMMITTEES SPONSORED 3 WEBINARS FOR EARLY CAREER OPHTHALMOLOGISTS THAT WERE OPEN TO FULL MEMBERSHIP ON "CHOOSING YOUR CAREER PATH IN OPHTHALMOLOGY- AND "NEGOTIATING YOUR FIRST EMPLOYMENT CONTRACT- AND CONTINUES THE POPULAR PAO STATE-WIDE VIRTUAL GRAND ROUNDS COMPETITION. THE YOUNG OPHTHALMOLOGIST COMMITTEE WAS HONORED WITH A STAR AWARD AT THE 2023 NATIONAL MEETING. THIS YEAR THEY ADDED 2 IN-PERSON NETWORKING EVENTS FOR RESIDENTS AND EARLY-CAREER OPHTHALMOLOGISTS. 3)THE PROGRAM FOR EARLY CAREER OPHTHALMOLOGISTS CALLED "THE BUSINESS OF OPHTHALMOLOGY" INCLUDED THREE LIVE WEBINARS ON TOPICS NOT COVERED BY FORMAL MEDICAL EDUCATION: PRACTICE MANAGEMENT, BILLING CODING, AND THE INSURANCE PERSPECTIVE, AND PERSONAL FINANCE. THE SERIES WAS ENDORSED BY THE NATIONAL ORGANIZATION AND THERE ARE PLANS TO EXPAND THE SERIES IN PA. 4)PAO SPONSORED SEVERAL EDUCATIONAL WEBINARS FOR CONTINUING MEDICAL EDUCATION (CME) CREDITS FREE TO OUR MEMBERS: "2023 ANNUAL SYMPOSIUM: GLAUCOMA" "TIPS TO DISTINGUISH INHERITED MACULOPATHY FROM AMD," "STRATEGIES TO SLOW THE PROGRESS OF CHILDHOOD MYOPIA- AND "OMIC-ENDOPHTHALMITIS - LESSONS LEARNED- AND PATIENT SAFETY " " LIVE WEBINARS PROVIDED 6 HOURS OF CME. OUR THREE IN-PERSON MEDICAL CODING SEMINARS WERE ATTENDED BY MORE THAN 150 ATTENDEES. 5)THE PAO PUBLISHED TWO PRINT NEWSLETTERS IN 2023 AND PUBLISHED 2 DIGITAL NEWSLETTERS AS WELL AS OVER 37 INFORMATIONAL E-BLASTS TO THE MEMBERSHIP ON TOPICS OF STATE ADVOCACY, UPDATES IN PA PROVIDER CHANGES, MEDICAL LICENSE RENEWALS, CERTIFIED OPHTHALMIC ASSISTANT PROGRAMS, AND LOSS OF RESIDENCY ROTATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott M Goldstein MD President | OfficerTrustee | 2 | $0 |
Donald Morris DO President El | OfficerTrustee | 0.5 | $0 |
Sharon Taylor MD Immediate Pa | OfficerTrustee | 0.5 | $0 |
Gautam Mishra MD Secretary/tr | OfficerTrustee | 0.5 | $0 |
Michael J Azar MD Member-At-La | Trustee | 0.5 | $0 |
David I Silbert MD Member-At-La | Trustee | 0.5 | $0 |
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 | $228,758 |
Investment income | $16,162 |
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 | $244,920 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
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 | $68,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,400 |
Fees for services: Lobbying | $65,071 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,964 |
Advertising and promotion | $0 |
Office expenses | $1,159 |
Information technology | $2,805 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,389 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,420 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,048 |
All other expenses | $0 |
Total functional expenses | $203,876 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $114,044 |
Savings and temporary cash investments | $51,339 |
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 | $2,592 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $758,717 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $926,692 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $31,140 |
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 | $31,140 |
Net assets without donor restrictions | $895,552 |
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 | $926,692 |