Gbmc Ophthalmology Educational Foundation Inc
- Assets
- $3.2m
- Revenue
- $149.5k
- Investments
- $3.0m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 52-1584782
Organization Overview
Gbmc Ophthalmology Educational Foundation Inc is located in Towson, MD. The organization was established in 1988. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gbmc Ophthalmology Educational Foundation Inc 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, Gbmc Ophthalmology Educational Foundation Inc generated $149.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $85.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Gbmc Ophthalmology Educational Foundation Inc has awarded 23 individual grants totaling $1,615,767. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND MEDICAL EDUCATION IN THE FIELD OF OPHTHALMOLOGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENT TRAINING EXPENSES INCURRED IN TRAINING OPHTHALMOLOGISTS.
GRANTS TO FUND RESEARCH IN THE FIELD OF OPHTHALMOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Louise Collins MD President | OfficerTrustee | 5 | $0 |
John Thompson MD Vice President | OfficerTrustee | 5 | $0 |
Lawson Grumbine Director | Trustee | 5 | $0 |
Allison Jensen Director | Trustee | 5 | $0 |
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 | $17,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,500 |
| Total Program Service Revenue | $0 |
| Investment income | $132,372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,500 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,545 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $3,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,226 |
| Total functional expenses | $85,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,000 |
| Savings and temporary cash investments | $152,712 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,973,978 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,151,690 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,936,111 |
| Net assets with donor restrictions | $215,579 |
| 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 | $3,151,690 |
Grants Awarded
Over the last fiscal year, Gbmc Ophthalmology Educational Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: To fund low vision services. | $10,000 |
Baltimore, MD PURPOSE: To fund patient services. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society For Maternal-Fetal Medicine Washington, DC | $14,198,199 | $6,435,952 |
American Congress Of Rehabilitation Medicine Reston, VA | $2,004,694 | $3,907,420 |
National Certification Commission For Acupuncture & Oriental Washington, DC | $5,863,936 | $4,403,401 |
American Uro-Gynecologic Society Silver Spring, MD | $2,850,090 | $2,686,876 |
National Board Of Podiatric Medical Examiners Inc Bellefonte, PA | $10,488,955 | $2,370,622 |
American Society Of Cytopathology Wilmington, DE | $2,069,799 | $1,320,558 |
American Academy Of Clinical Toxicology Mclean, VA | $968,910 | $469,498 |
Southeastern Society Of Pedodontists Richmond, VA | $795,492 | $308,759 |
American Academy Of Audiology Foundation Reston, VA | $968,349 | $147,081 |
Gbmc Ophthalmology Educational Foundation Inc Towson, MD | $3,151,690 | $149,466 |
Virginia Society Of Ornithology Williamsburg, VA | $610,989 | $474,390 |