American Society Of Cataract And Refractive Surgery Foundation

Organization Overview

American Society Of Cataract And Refractive Surgery Foundation, operating under the name Ascrs Foundation, is located in Fairfax, VA. The organization was established in 1975. 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. Ascrs 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 08/2021, Ascrs Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $992.9k during the year ending 08/2021. While expenses have increased by 9.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Ascrs Foundation has awarded 107 individual grants totaling $3,935,349. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FUNDING, SUPPORT, ORGANIZATION AND INFRASTRUCTURE TO ENABLE THE DELIVERY OF CHARITABLE EYECARE AND PHYSICIAN EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHARITABLE/HUMANITARIAN EYE CARE: SUPPORT FOUNDATION SPONSORED CHARITABLE AND HUMANITARIAN EYE CARE EFFORTS IN THE US AND IN THE DEVELOPING WORLD.THE ASCRS FOUNDATION PROVIDES PHYSICIAN EDUCATION BOTH IN THE UNITED STATES AND INTERNATIONALLY. IN THE US, THE FOUNDATION HELPS TO SUPPORT THE DEVELOPMENT AND DELIVERY OF EDUCATIONAL PROGRAM CONTENT AT THE ASCRS ANNUAL MEETING, WHILE OVERSEAS THE FOUNDATION SUPPORTS WETLAB TRAINING AND BOARD REVIEW COURSES FOR ETHIOPIA'S 5 RESIDENCY TRAINING PROGRAMS.


RESIDENT EXCELLENCE AWARDS: PROVIDES TEN $1000 AWARDS ANNUALLY TO ENABLE OPHTHALMOLOGY RESIDENTS EXHIBITING EXEMPLARY PERFORMANCE TO ATTEND THE ASCRS ANNUAL MEETING. THE AWARDS ARE MADE FOLLOWING A COMPETETIVE APPLICATION PROCESS. THE CATEGORIES FOR CONSIDERATION INCLUDE RESEARCH, PATIENT CARE, LEADERSHIP AND EDUCATION.


YOUNG EYE SURGEONS INTERNATIONAL SERVICE GRANTS THESE GRANTS ARE INTENDED TO INSPIRE YOUNG EYE SURGEONS TO BECOME INVOLVED WITH GLOBAL EYECARE ON A LONG-TERM BASIS AND AFFORDS THE OPPORTUNITY FOR THE GRANTEE TO PARTICIPATE IN HEALTH CARE SYSTEMS, INCLUDING TEACHING INSTITUTIONS AND COMMUNITY PROGRAMS, IN DEVELOPING COUNTRIES. THE GRANTS PROVIDE FUNDING FOR GRANTEES TO INITIATE A GLOBAL SERVICE PROJECT, INCLUDING THE DEVELOPMENT OF A CUSTOMIZED INTERNATIONAL VOLUNTEER PLAN PROVIDING THE OPPORTUNITY FOR A YOUNG EYE SURGEON TO LEARN FIRST-HAND THE INTRICACIES BEHIND GLOBAL EYECARE EFFORTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
American Society Cataract Refractive Sir
Management Services
$438,492
Tracs Inc
Foundation Rach Management
$104,016
View All Vendors

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$753,796
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$753,796
Total Program Service Revenue$0
Investment income $126,159
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $184,683
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,064,638

Grants Awarded

Over the last fiscal year, American Society Of Cataract And Refractive Surgery Foundation has awarded $238,750 in support to 10 organizations.

Grant RecipientAmount

HIMALAYAN CATARACT PROJECT INC

Org PageRecipient Profile

Waterbury, VT

PURPOSE: PROGRAM SUPPORT

$100,000

FOUNDATION FOR OPHTHALMOLOGICAL CARE FROM THE US

PURPOSE: PROGRAM SUPPORT

$50,000

DEAN MCGEE EYE INSTITUTE

Org PageRecipient Profile

Oklahoma City, OK

PURPOSE: PROGRAM SUPPORT

$23,000

SURGEONS FOR SIGHT

Org PageRecipient Profile

Greenville, SC

PURPOSE: PROGRAM SUPPORT

$16,250

I CARE SAN ANTONIO

Org PageRecipient Profile

San Antonio, TX

PURPOSE: PROGRAM SUPPORT

$11,500

VISION FOUNDATION

Org PageRecipient Profile

Sioux Falls, SD

PURPOSE: PROGRAM SUPPORT

$10,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that American Society Of Cataract And Refractive Surgery Foundation has recieved totaling $215,279.

Awarding OrganizationAmount
Abbvie Foundation

North Chicago, IL

PURPOSE: GENERAL MISSION

$100,000
Alcon Foundation

Fort Worth, TX

PURPOSE: EYE CARE

$50,000
Alcon Foundation

Fort Worth, TX

PURPOSE: EYE CARE

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$15,250
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$29
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,544,599
Earnings$429,988
Net Contributions$100,000
Other Expense$27,500
Ending Balance$5,047,087

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