American Academy Of Ophthalmology Inc
- Assets
- $133.0m
- Revenue
- $65.4m
- Investments
- $4.6m
- Employees
- 235
- Location
- San Francisco, CA
- Founding
- 05/1981
- Data as of
- 03/2023
- EIN
- 41-1336784
Organization Overview
American Academy Of Ophthalmology Inc is located in San Francisco, CA. The organization was established in 1981. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 03/2023, American Academy Of Ophthalmology Inc employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Ophthalmology Inc 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 03/2023, American Academy Of Ophthalmology Inc generated $65.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $57.6m during the year ending 03/2023. While expenses have increased by 0.2% per year over the past 8 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, American Academy Of Ophthalmology Inc has awarded 151 individual grants totaling $21,168,689. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AAO IS THE LARGEST NATIONAL MEMBERSHIP ORGANIZATION FOR OPHTHALMOLOGISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN ACADEMY OF OPHTHALMOLOGY, WITH A GLOBAL COMMUNITY OF 32,000, IS THE LARGEST TRADE ORGANIZATION IN THE WORLD FOR OPHTHALMOLOGISTS. WE ARE EYE PHYSICIANS AND SURGEONS, DEDICATED TO PROTECTING SIGHT AND EMPOWERING LIVES. AS THE LEADER IN OPHTHALMIC EDUCATION, THE ACADEMY OFFERS A WEALTH OF MATERIALS TO SUPPORT OUR PHYSICIANS IN EVERY ASPECT OF PRACTICE - INCLUDING THE ONLINE OPHTHALMIC NEWS AND EDUCATION (ONE) NETWORK, PRACTICE MANAGEMENT TOOLS, THE INNOVATIVE IRIS REGISTRY (INTELLIGENT RESEARCH IN SIGHT), AND EYE HEALTH RESOURCES FOR PATIENTS AND THE PUBLIC. WE PRODUCE THE LARGEST ANNUAL OPHTHALMIC CONVENTION IN THE WORLD, WHICH FOR THE 2022 ANNUAL MEETING (HELD IN-PERSON SEPTEMBER 30TH - OCTOBER 3RD) BROUGHT TOGETHER DOMESTIC PHYSICIANS, INTERNATIONAL PHYSICIANS, OTHER HEALTH PROFESSIONALS, EXHIBITORS, AND GUESTS TO SHARE THE LATEST ADVANCES AND TECHNOLOGY IN OPHTHALMIC MEDICINE. WE RELENTLESSLY ADVOCATE FOR THE HIGHEST QUALITY EYE CARE, REPRESENTING OPHTHALMOLOGISTS AND THEIR PATIENTS BEFORE THE GOVERNMENT AND OTHER ORGANIZATIONS THAT INFLUENCE EYE CARE POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Wiggins Jr MD Mha President (2022) / Past Pres. (2023) | OfficerTrustee | 1 | $85,000 |
Daniel J Briceland MD President-Elect (2022) / Pres (2023) | OfficerTrustee | 1 | $30,000 |
Jane C Edmond MD President-Elect (2023) | OfficerTrustee | 1 | $0 |
Stephen D Mcleod MD Exec VP / CEO / Treas & Secretary | OfficerTrustee | 32 | $798,155 |
Maria M Aaron MD Secr For Annual Meeting Through 12/2022 | Trustee | 1 | $25,000 |
Iqbal K Ahmed MD International Trustee-At-Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smg Food & Beverage Catering Services - Annual Meeting | 3/30/23 | $1,133,681 |
Freeman Annual Meeting Logistic Services | 3/30/23 | $3,059,608 |
Dorsey & Whitney Llp Legal Services | 3/30/23 | $361,948 |
Mj Mrvica Associates Advertising Services | 3/30/23 | $318,482 |
Diamond Fullfilment Services Fulfillment And Distribution Services | 3/30/23 | $289,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,367,446 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,938,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,305,554 |
| Total Program Service Revenue | $39,131,919 |
| Investment income | $1,016,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,922,679 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$196,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,359,028 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,373,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,352,815 |
| 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. | $5,098,091 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,371,994 |
| Pension plan accruals and contributions | $1,825,915 |
| Other employee benefits | $2,301,420 |
| Payroll taxes | -$414,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $405,748 |
| Fees for services: Accounting | $134,475 |
| Fees for services: Lobbying | $851,130 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $204,937 |
| Fees for services: Other | $5,121,439 |
| Advertising and promotion | $216,034 |
| Office expenses | $2,669,791 |
| Information technology | $1,477,080 |
| Royalties | $0 |
| Occupancy | $1,777,412 |
| Travel | $1,707,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,391,289 |
| Interest | $33,142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $336,503 |
| Insurance | $443,539 |
| All other expenses | $464,802 |
| Total functional expenses | $57,628,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,702,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,587,046 |
| Loans from Officers, Directors, or Controlling Persons | $400,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $599,788 |
| Prepaid expenses and deferred charges | $1,831,817 |
| Net Land, buildings, and equipment | $1,303,829 |
| Investments—publicly traded securities | $34,707,051 |
| Investments—other securities | $4,550,281 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,282,604 |
| Total assets | $132,965,118 |
| Accounts payable and accrued expenses | $6,571,417 |
| Grants payable | $0 |
| Deferred revenue | $22,375,235 |
| 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 | $2,909,784 |
| Total liabilities | $31,856,436 |
| Net assets without donor restrictions | $98,065,302 |
| Net assets with donor restrictions | $3,043,380 |
| 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 | $132,965,118 |
Grants Awarded
Over the last fiscal year, American Academy Of Ophthalmology Inc has awarded $2,334,815 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALABAMA ACADEMY OF OPHTHALMOLOGY PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $82,500 |
SOUTH DAKOTA ACADEMY OF OPHTHALMOLOGY PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $104,795 |
TENNESSEE ACADEMY OF OPHTHALMOLOGY PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $45,000 |
COLORADO SOCIETY OF EYE PHYSICIANS & SURGEONS PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $797,507 |
CALIFORNIA ACADEMY OF EYE PHYSICIANS & SURGEONS PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $146,500 |
IOWA ACADEMY OF OPHTHALMOLOGY PURPOSE: SCOPE OF SURGERY CAMPAIGNS | $21,250 |