EIN 94-2682387

the Foundation of the American Academy of Ophthalmology

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
1980
Most recent tax filings
2023-03-01
Description
Established in 1980, the Foundation of the American Academy of Ophthalmology raises financial support and implements programs that advance ophthalmic education resulting in the best possible eye care for the public.
Total revenues
$12,756,911
2023
Total expenses
$15,388,492
2023
Total assets
$170,564,816
2023
Num. employees
5
2023

Program areas at the Foundation of the American Academy of Ophthalmology

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.
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.
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.
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 made by the Foundation of the American Academy of Ophthalmology

GranteeGrant descriptionAmount
American Academy of Ophthalmology (AAO)Grants for Educational, International, and Public Service Related Projects$11,367,446

Who funds the Foundation of the American Academy of Ophthalmology

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Knights Templar Eye Foundation (KTEF)Aao Pediatric VR Simulation Program$500,000
Knights Templar Eye Foundation (KTEF)General Support$400,000
The Alcon FoundationEye Care$300,000
...and 13 more grants received

Personnel at the Foundation of the American Academy of Ophthalmology

NameTitleCompensation
David W ParkeSecretary and Chief Executive Officer of Aao / Executive Vice President and Chief Executive Officer$0
Stephen D McLeodSecretary and Chief Executive Officer of Aao / Director / Editor , Ophthalmology$0
Lawrence MendenhallChief Operating Officer$0
Tina McGovernExecutive Director$211,085
Mike RollDirector of Finance$0
...and 11 more key personnel

Financials for the Foundation of the American Academy of Ophthalmology

RevenuesFYE 03/2023
Total grants, contributions, etc.$8,007,682
Program services$1,568,726
Investment income and dividends$4,213,546
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-354,298
Net gain from sale of non-inventory assets$-692,634
Net income from fundraising events$-128,705
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$142,594
Total revenues$12,756,911

Form 990s for the Foundation of the American Academy of Ophthalmology

Fiscal year endingDate received by IRSFormPDF link
2022-032023-01-16990View PDF
2021-032021-09-03990View PDF
2020-032020-10-22990View PDF
2019-032019-10-28990View PDF
2018-032018-11-15990View PDF
...and 9 more Form 990s
Data update history
January 3, 2024
Received grants
Identified 10 new grant, including a grant for $500,000 from Knights Templar Eye Foundation (KTEF)
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 10 new personnel
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $81,000 from American Association for Pediatric Ophthalmology & Strabismus (AAPOS)
July 26, 2022
Received grants
Identified 3 new grant, including a grant for $275,000 from The Alcon Foundation
Nonprofit Types
Grantmaking organizationsDisease research fundraisersDisease-focused nonprofitsCharities
Issues
HealthArts, cultural, and humanitiesDiseases and disordersMedical disciplines
Characteristics
Political advocacyProvides grantsConducts researchFundraising eventsNational levelEndowed supportCommunity engagement / volunteeringGala fundraisersTax deductible donations
General information
Address
655 Beach St
San Francisco, CA 94109
Metro area
San Francisco-Oakland-Berkeley, CA
County
San Francisco County, CA
Website URL
aao.org/foundation 
Phone
(415) 447-0386
IRS details
EIN
94-2682387
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
G40: Diseases of Specific Organs
NAICS code, primary
813212: Health and Disease Research Fundraising Organizations
Parent/child status
Independent
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