Thomas Heed Ophthalmic Foundation 2620066500
- Assets
- $4.3m
- Revenue
- $150.8k
- Investments
- $4.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1948
- Data as of
- 12/2022
- EIN
- 36-6012426
Organization Overview
Thomas Heed Ophthalmic Foundation 2620066500 is located in Chicago, IL. The organization was established in 1948. 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. Thomas Heed Ophthalmic Foundation 2620066500 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 12/2022, Thomas Heed Ophthalmic Foundation 2620066500 generated $150.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $412.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas Heed Ophthalmic Foundation 2620066500 has awarded 276 individual grants totaling $1,386,106. 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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cibc National Trust Company Trustee | 2 | $32,951 | |
David J Wilson MD Executive Secretary | 2 | $32,040 | |
Stephen D Mcleod MD Officer | 2 | $0 | |
Eduardo C Alfonso MD Officer | 2 | $0 | |
Joan W Miller MD Officer | 2 | $0 | |
Nicholas J Volpe MD Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,000 |
| Interest on Savings | $975 |
| Dividends & Interest | $109,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,535 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,593 |
| Total Revenue | $150,841 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,991 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $66,299 |
| Printing and publications | $0 |
| Other expenses | $17,078 |
| Total operating and administrative expenses | $192,105 |
| Contributions, gifts, grants paid | $220,176 |
| Total expenses and disbursements | $412,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,932 |
| 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 | $4,193,834 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,267,766 |
| 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, Thomas Heed Ophthalmic Foundation 2620066500 has awarded $220,176 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
GRANT A JUSTIN PURPOSE: EDUCATION | $5,838 |
ANDREW CLARK PURPOSE: EDUCATION | $5,838 |
JACOB COX PURPOSE: EDUCATION | $5,838 |
JESSE SENGILLO PURPOSE: EDUCATION | $5,838 |
EDWARD KOROT MD PURPOSE: EDUCATION | $4,170 |
ANNIE MAO WU MD PURPOSE: EDUCATION | $4,170 |