American Society Of Cataract And Refractive Surgery Foundation
- Assets
- $6.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 06/1975
- Data as of
- 08/2021
- EIN
- 23-7388748
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 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $992.9k during the year ending 08/2021. While expenses have increased by 8.1% per year over the past 7 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 123 individual grants totaling $4,173,099. 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
990
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David F Chang MD Chair, International Division | OfficerTrustee | 2 | $0 |
Kerry Solomon MD Chair, Domestic Division | OfficerTrustee | 2 | $0 |
James Mazzo Chair, Industry Relations | OfficerTrustee | 2 | $0 |
Steven Charles MD Board Member | Trustee | 2 | $0 |
Douglas Koch MD Board Member | Trustee | 2 | $0 |
Adrienne Graves PHD Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Society Cataract Refractive Sir Management Services | 8/30/20 | $438,492 |
Tracs Inc Foundation Rach Management | 8/30/20 | $104,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,796 |
| 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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $86,303 |
| Benefits paid to or for members | $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 | $415,552 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,502 |
| Advertising and promotion | $0 |
| Office expenses | $17,046 |
| Information technology | $8,754 |
| 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 | $0 |
| Total functional expenses | $992,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,802 |
| 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 |
| Investments—publicly traded securities | $6,050,232 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,426,034 |
| Accounts payable and accrued expenses | $94,073 |
| 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 | $94,073 |
| Net assets without donor restrictions | $1,231,028 |
| Net assets with donor restrictions | $5,100,933 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $6,331,961 |
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 Recipient | Amount |
|---|---|
VISION FOUNDATION PURPOSE: PROGRAM SUPPORT | $10,750 |
SURGERY ON SUNDAY INC PURPOSE: PROGRAM SUPPORT | $5,000 |
I CARE SAN ANTONIO PURPOSE: PROGRAM SUPPORT | $11,500 |
HOUSTON EYE ASSOCIATES FOUNDATION PURPOSE: PROGRAM SUPPORT | $5,000 |
SURGEONS FOR SIGHT PURPOSE: PROGRAM SUPPORT | $16,250 |
FOUNDATION FOR OPHTHALMOLOGICAL CARE FROM THE US PURPOSE: PROGRAM SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation Fighting Blindness Inc Columbia, MD | $130,891,355 | $30,437,892 |
The Association For Research In Vision And Ophthalmology Rockville, MD | $21,408,070 | $10,284,458 |
American Association For Pediatric Ophthalmology & Strabismus Brentwood, TN | $4,731,021 | $2,462,692 |
American Society Of Cataract And Refractive Surgery Foundation Fairfax, VA | $6,426,034 | $1,064,638 |
Alagille Syndrome Alliance Collierville, TN | $501,551 | $571,645 |
National Alliance For Eye And Vision Research Inc Rockville, MD | $1,356,788 | $504,780 |
Christian Ophthalmology Society Inc Paducah, KY | $294,999 | $310,271 |
Multiple District 22 Lions Vision Research Foundation Inc Baltimore, MD | $559,414 | $137,781 |
Collaborative Community On Ophthalmic Imaging Foundation Reston, VA | $69,978 | $0 |
Charlesson Foundation Lewisville, NC | $3,545,819 | $171,861 |
Blaydes Eye Foundation Bluefield, WV | $153,351 | $166 |
University Ophthalmic Consultants Of Washington Pc Research & Educat Chevy Chase, MD | $52,593 | $0 |
Visilant Inc Baltimore, MD | $0 | $0 |