Chattanooga Ophthalmological Foundation
- Assets
- $4.0m
- Revenue
- $377.8k
- Investments
- $3.9m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 11/1969
- Data as of
- 06/2022
- EIN
- 23-7038515
Organization Overview
Chattanooga Ophthalmological Foundation is located in Chattanooga, TN. The organization was established in 1969. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Ophthalmological 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 06/2022, Chattanooga Ophthalmological Foundation generated $377.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $355.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Chattanooga Ophthalmological Foundation has awarded 19 individual grants totaling $987,798. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly R Seal MD President And Director | 1 | $12,000 | |
E Stephen Jett VP And Director | 1 | $0 | |
James L Catanzaro Secretary/treasurer | 1 | $0 | |
Charles A Kirby MD Director | 0.25 | $0 | |
Camden B Scearce Director | 0.25 | $0 | |
Patrick Bowers Jr MD Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $72,277 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $303,218 |
| Capital Gain Net Income | $303,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,343 |
| Total Revenue | $377,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,129 |
| Total operating and administrative expenses | $89,476 |
| Contributions, gifts, grants paid | $266,120 |
| Total expenses and disbursements | $355,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $93,384 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,969,516 |
| 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, Chattanooga Ophthalmological Foundation has awarded $266,120 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN PURPOSE: VISION SERVICES | $130,000 |
Chattanooga, TN PURPOSE: INDIGENT MEDICAL CARE | $49,984 |
Chattanooga, TN PURPOSE: INDIGENT MEDICAL CARE | $35,000 |
ERLANGER HEALTH SYSTEM PURPOSE: INDIGENT MEDICAL CARE | $33,136 |
VOLUNTEERS IN MEDICINE PURPOSE: INDIGENT MEDICAL CARE | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Augusta University Research Institute Inc Augusta, GA | $21,382,894 | $80,266,513 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Wake Forest University Health Sciences Group Return Winstonsalem, NC | $294,523,544 | $56,430,791 |
Asbury Theological Seminary Wilmore, KY | $333,796,449 | $52,800,131 |
Logan University Chesterfield, MO | $101,664,851 | $38,500,877 |
Southern College Of Optometry Memphis, TN | $90,101,083 | $28,598,801 |
Johnson University Knoxville, TN | $236,951,483 | $27,596,664 |
Reformed Theological Seminary Jackson, MS | $124,776,543 | $29,054,898 |
Baptist Memorial College Of Health Sciences Inc Memphis, TN | $55,747,053 | $20,446,298 |
Interdenominational Theological Center Inc Atlanta, GA | $16,432,791 | $10,752,474 |
Middle Tennessee School Of Anesthesia Inc Madison, TN | $22,533,334 | $7,937,391 |