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Nonprofiteer
← AMERICAN OPHTHALMOLOGICAL SOCIETY

Form 990 for tax year 2023

Filed by AMERICAN OPHTHALMOLOGICAL SOCIETY.

Totals

Total revenue
$244,488
Total expenses
$565,252
Contributions and grants received
$0
Grants paid
$322
Program service revenue
$204,483
Investment income
$40,005
Other revenue
$0
Total assets, end of year
$1,016,719
Total liabilities, end of year
$2,632,528
Net assets or fund balances, end of year
-$1,615,809
Program services expenses (Part IX)
$388,352
Management and general expenses
$176,900
Fundraising expenses
$0
Program service expenses (Part III)
$388,352

Program services were 68.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $114,395 · related or exempt $114,395

  • 2b · Program service revenue: REGISTRATION FEES

    total $88,618 · related or exempt $88,618

  • 2c · Program service revenue: INITITION FEES

    total $1,430 · related or exempt $1,430

  • 2d · Program service revenue: OTHER ANNUAL MEETING REVENUE

    total $40 · related or exempt $40

  • 3 · Investment income

    total $20,947 · excluded $20,947

  • 7a · Gross sales of assets other than inventory

    securities $43,081

  • 7b · Less cost or other basis and sales expenses

    securities $24,023

  • 7c · Gain or loss

    securities $19,058

  • 7d · Net gain or loss

    total $19,058 · excluded $19,058

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $322 · program services $322

  • 5 · Compensation of officers, directors and key employees

    total $47,500 · program services $5,000 · management and general $42,500

  • 11a · Fees: management

    total $164,328 · program services $51,893 · management and general $112,435

  • 11c · Fees: accounting

    total $9,375 · management and general $9,375

  • 11f · Fees: investment management

    total $2,077 · management and general $2,077

  • 11g · Fees: other

    total $4,482 · program services $4,482

  • 13 · Office expenses

    total $10,164 · program services $2,972 · management and general $7,192

  • 17 · Travel

    total $21,918 · program services $21,918

  • 19 · Conferences, conventions and meetings

    total $296,686 · program services $296,686

  • 23 · Insurance

    total $2,159 · management and general $2,159

  • 24a · Other expenses: PRINTING & PUBLICATIONS

    total $5,991 · program services $5,079 · management and general $912

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,996 · end of year $90,281

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,654 · end of year $102,512

  • 11 · Investments: publicly traded securities

    beginning of year $725,500 · end of year $823,926

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,297 · end of year $3,223

  • 18 · Grants payable

    beginning of year $190,430 · end of year $145,363

  • 19 · Deferred revenue

    beginning of year $46,970 · end of year $51,695

  • 25 · Other liabilities

    beginning of year $2,082,996 · end of year $2,432,247

  • 27 · Net assets without donor restrictions

    beginning of year -$1,612,229 · end of year -$1,916,776

  • 28 · Net assets with donor restrictions

    beginning of year $256,686 · end of year $300,967

Mission and programs · 2023

Mission

THE MISSION OF THE AMERICAN OPHTHALMOLOGICAL SOCIETY IS TO PROMOTE EXCELLENCE IN PATIENT CARE, EDUCATION AND RESEARCH, TO ADDRESS ESSENTIAL ISSUES IN MEDICINE, AND TO ADVANCE THE ART AND SCIENCE OF OPHTHALMOLOGY.

Activities or mission (Part I)

PROFESSIONAL ORGANIZATION FORMED PRIMARILY TO PROMOTE OPHTHALMOLOGIC EDUCATION AND RESEARCH.

  • THE AMERICAN OPHTHALMOLOGICAL SOCIETY IS A PROFESSIONAL ORGANIZATION FORMED PRIMARILY TO PROMOTE OPHTHALMOLOGICAL EDUCATION, RESEARCH, AND THE ART AND SCIENCE OF OPHTHALMOLOGY. THE EDUCATION MISSION IS SERVED BY AOS'S ANNUAL SCIENTIFIC MEETING WHICH IS ATTENDED BY APPROXIMATELY 235 MEMBERS AND OTHER PROFESSIONALS INTERESTED IN THE DELIVERY OF HIGH-QUALITY PATIENT EYE CARE. THE 2023 ANNUAL MEETING WAS HELD MAY 18-20, 2023 IN ASHEVILLE, NORTH CAROLINA.

    Expenses $346,518 · Revenue $88,618

  • OTHER PROGRAM SERVICE ACTIVITIES INCLUDES COUNCIL MEETINGS (WHICH MEETS TWICE A YEAR TO DISCUSS, MAKE DECISIONS, AND CONDUCT BUSINESS REGARDING THE AOS).

    Expenses $37,030

  • OTHER PROGRAMS INCLUDE THE KENNEDY-SNELL FUND (WHICH WAS ESTABLISHED FOR THE ADVANCEMENT OF OPHTHALMIC SCIENCE AND ART).

    Expenses $4,482

  • OTHER PROGRAM SERVICES INCLUDE GRANTS TO OUTSIDE ORGANIZATIONS AS WELL AS MEMBERSHIP DUES ADMINISTRATION.

    Expenses $322 · Grants $322 · Revenue $115,865

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID J WILSON MD

    EXECUTIVE VP / EDITOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2 related

  • MARCO A ZARBIN MD PHD

    PRESIDENT THROUGH 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • TIMOTHY W OLSEN MD

    PRESIDENT START 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WILLIAM F MIELER MD FACS FARVO

    COUNCIL CHAIR THROUGH 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PRESTON H BLOMQUIST MD

    COUNCIL CHAIR START 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • EMILY Y CHEW MD

    COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARY E HARTNETT MD

    COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PETER A NETLAND MD PHD

    COUNCIL MEMBER START 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID K WALLACE MD MPH

    COUNCIL MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
10 September 2024
IRS schema version
2023v5.1
Source object
202402549349301120

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