Foundation Of The American Academy Of Ophthalmology is located in San Francisco, CA. The organization was established in 1980. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2023, Foundation Of The American Academy Of Ophthalmology employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The American Academy Of Ophthalmology 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 03/2022, Foundation Of The American Academy Of Ophthalmology generated $13.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $11.0m during the year ending 03/2022. While expenses have increased by 7.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AAO'S PRIORITY PROGRAMS IN EDUCATION, QUALITY AND DATA SCIENCE, AND PUBLIC SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO AAO TO SUPPORT "ADVANCING LIFELONG OPHTHALMIC EDUCATION": MEDICAL KNOWLEDGE AND THE PACE OF SURGICAL AND THERAPEUTIC INNOVATION IS GROWING RAPIDLY, AS IS AN INCREASED EMPHASIS ON PATIENT OUTCOMES AND VALUE-BASED CARE. FAAO SUPPORTS AAO PROGRAMS THAT SPEED THE TRANSFER OF OPHTHALMIC KNOWLEDGE AND INNOVATION TO OPHTHALMOLOGISTS WORLDWIDE. BY RAISING PHILANTHROPIC GIFTS GLOBALLY AND MANAGING ITS INVESTABLE ASSETS, FAAO PROVIDES GRANTS TO AAO PROGRAMS IN OPHTHALMIC EDUCATION AND QUALITY OF CARE, INCLUDING THE ONE NETWORK, IRIS REGISTRY, R&D FOR PRODUCTS AND SERVICES, AND INTERNATIONAL OUTREACH IN DEVELOPING COUNTRIES.
OTHER PROGRAM SERVICES INCLUDE OWNING AND MAINTAINING PROPERTY, WHICH IS LEASED TO THE AMERICAN ACADEMY OF OPHTHALMOLOGY (FAAO'S SUPPORTED ORGANIZATION) FOR USE WITHIN ITS GENERAL OPERATIONS.ADDITIONALLY, FAAO PROVIDED A GRANT OF $4,000,000 DURING FY2023 TO AAO FOR GENERAL ORGANIZATIONAL SUPPORT.
GRANTS TO AAO TO SUPPORT "PUBLIC SERVICE": ONE IN SIX PEOPLE AGE 65 AND OLDER HAS VISION IMPAIRMENT THAT CANNOT BE CORRECTED WITH GLASSES. THIS IS OFTEN CAUSED BY COMMON EYE CONDITIONS AND DISEASES DETECTED BY EYE EXAMS. MANY PEOPLE OFTEN DELAY GETTING CARE THAT COULD SAVE THEIR SIGHT BECAUSE THEY CANNOT AFFORD IT. EYECARE AMERICA, THROUGH ITS 4,383 VOLUNTEER OPHTHALMOLOGISTS, REMOVES THIS BARRIER BY PROVIDING CARE AT NO OUT-OF-POCKET COST TO PATIENTS. EYECARE AMERICA ALSO RAISES AWARENESS ABOUT EYE DISEASE AND PROVIDES FREE EYE HEALTH INFORMATION. IN FISCAL YEAR 2022-2023, EYECARE AMERICA REFERRED 26,508 INDIVIDUALS NATIONWIDE FOR CARE. IN ADDITION TO EYECARE AMERICA, FAAO SUPPORTS THE MUSEUM OF VISION, WHICH PRESERVES THE HISTORY OF MEDICINE, AND TRANSLATES IT INTO EDUCATIONAL RESOURCES FOR USE BY AAO'S MEMBERS, MEDICAL HISTORIANS, RESEARCHERS, AND THE PUBLIC AS THEY SEEK TO UNDERSTAND OPHTHALMOLOGY'S CONTRIBUTIONS TO SOCIETY, LEARN MORE ABOUT THE EYE AND THE SCIENCE OF VISION, AND TO ADDRESS SIMILAR OPHTHALMIC CHALLENGES TODAY AND IN THE FUTURE. IN FISCAL YEAR 2022-2023, THE MUSEUM OF VISION PROVIDED THESE RESOURCES TO 80,121 INDIVIDUALS.
GRANTS TO AAO TO SUPPORT "QUALITY AND DATA SCIENCE": FAAO PROVIDES SUPPORT TO THE H. DUNBAR HOSKINS JR., M.D. CENTER FOR QUALITY EYE CARE, WHICH WAS ESTABLISHED AS A QUALITY OF CARE AND HEALTH POLICY RESEARCH CENTER THAT ADVANCES THE ACCESSIBILITY TO AND APPROPRIATENESS OF EYE CARE SERVICES. THE WORK OF THE HOSKINS CENTER ENSURES THAT PATIENTS CONTINUE TO RECEIVE HIGH QUALITY, EVIDENCE-BASED EYE CARE WITHIN A TIGHTENING ECONOMIC ENVIRONMENT THAT WILL DEMAND INCREASED VALUE FOR ANY SERVICES PROVIDED. ALTHOUGH EXTENSIVE IN SCOPE, THE HOSKINS CENTER IS ORGANIZED INTO FOUR MAIN PROGRAMMATIC AREAS: (I) EVIDENCED-BASED EYE CARE: PRODUCES GUIDANCE FOR EYE CARE PROVIDERS AND DEVELOPS PERFORMANCE-IN-PRACTICE EVALUATION TOOLS; (II) VALUE-BASED DELIVERY OF EYE CARE: IDENTIFIES AND ASSESSES VALUE-BASED EYE CARE PRACTICE MODELS FOR A VARIETY OF SETTINGS AND EXAMINES THE PUBLIC HEALTH NEEDS FOR QUALITY OF EYE CARE; (III) MEDICAL INFORMATION TECHNOLOGY STANDARDS: CREATES STANDARDIZED TERMINOLOGY, IMAGING AND EHR STANDARDS, AND MODELS FOR INTEGRATING E-PRESCRIBING AND TECHNOLOGY IN PRACTICE; AND (IV) FELLOWSHIPS AND GRANTS FUNDING: EXTENDS THE REACH AND SCOPE OF THE HOSKINS CENTER IN EMERGING OR UNDERSTUDIED EYE CARE AREAS BY FUNDING THE RESEARCH OF OUTSIDE INVESTIGATORS AND ORGANIZATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert E Wiggins Jr MD Mha Chair (2022) / Director (2023) | OfficerTrustee | 1 | $0 |
Daniel J Briceland MD Vice Chair (2022) / Chair (2023) | OfficerTrustee | 1 | $0 |
Jane C Edmond MD Vice Chair (2023) | OfficerTrustee | 1 | $0 |
Stephen D Mcleod MD Secretary / CEO Of Aao | OfficerTrustee | 8 | $0 |
Maria M Aaron MD Director Through 12/2022 | Trustee | 1 | $0 |
Iqbal K Ahmed MD Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kamaran Building Services Llc Building Maintenance | 3/30/23 | $179,061 |
Master Electric Electric Repairs | 3/30/23 | $105,695 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $17,729 |
Related organizations | $0 |
Government grants | $260,704 |
All other contributions, gifts, grants, and similar amounts not included above | $5,120,656 |
Noncash contributions included in lines 1a–1f | $70,895 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,399,089 |
Total Program Service Revenue | $1,531,245 |
Investment income | $5,161,570 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $402,394 |
Net Gain/Loss on Asset Sales | $1,405,488 |
Net Income from Fundraising Events | -$85,942 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,944,505 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,106,204 |
Grants and other assistance to domestic individuals. | $32,826 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $248,233 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $281,242 |
Pension plan accruals and contributions | $52,845 |
Other employee benefits | $38,778 |
Payroll taxes | $35,245 |
Fees for services: Management | $0 |
Fees for services: Legal | $19,656 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $522,100 |
Fees for services: Other | $359,188 |
Advertising and promotion | $0 |
Office expenses | $75,369 |
Information technology | $576 |
Royalties | $0 |
Occupancy | $477,263 |
Travel | $45,197 |
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 | $617,806 |
Insurance | $0 |
All other expenses | $80,678 |
Total functional expenses | $11,017,181 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $11,810,088 |
Savings and temporary cash investments | $4,698 |
Pledges and grants receivable | $3,121,011 |
Accounts receivable, net | $194,104 |
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 | $118,708 |
Net Land, buildings, and equipment | $10,478,273 |
Investments—publicly traded securities | $142,730,897 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,000,000 |
Total assets | $169,457,779 |
Accounts payable and accrued expenses | $166,266 |
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 | $34,945,309 |
Total liabilities | $35,111,575 |
Net assets without donor restrictions | $99,697,510 |
Net assets with donor restrictions | $34,648,694 |
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 | $169,457,779 |