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← AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION

Form 990 for tax year 2024

Filed by AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION.

Totals

Total revenue
$1,749,655
Total expenses
$1,287,095
Contributions and grants received
$1,571,773
Grants paid
$405,976
Program service revenue
$0
Investment income
$177,882
Other revenue
$0
Total assets, end of year
$7,133,768
Total liabilities, end of year
$843,905
Net assets or fund balances, end of year
$6,289,863
Program services expenses (Part IX)
$583,598
Management and general expenses
$698,431
Fundraising expenses
$5,066
Program service expenses (Part III)
$583,598

Program services were 45.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,571,773

  • 3 · Investment income

    total $177,836 · excluded $177,836

  • 7a · Gross sales of assets other than inventory

    securities $4,200

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

    securities $4,154

  • 7c · Gain or loss

    securities $46

  • 7d · Net gain or loss

    total $46 · excluded $46

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $375,976 · program services $375,976

  • 2 · Grants to domestic individuals

    total $30,000 · program services $30,000

  • 11a · Fees: management

    total $698,102 · program services $115,274 · management and general $582,828

  • 11c · Fees: accounting

    total $75,817 · management and general $75,817

  • 11g · Fees: other

    total $6,200 · management and general $6,200

  • 12 · Advertising and promotion

    total $776 · management and general $776

  • 13 · Office expenses

    total $4,258 · program services $403 · management and general $3,855

  • 22 · Depreciation, depletion and amortization

    total $25,000 · program services $25,000

  • 24a · Other expenses: BANK AND CREDIT CARD FEES

    total $53,288 · program services $36,945 · management and general $16,343

  • 24b · Other expenses: DATA PROCESSING

    total $17,603 · management and general $12,612 · fundraising $4,991

  • 24c · Other expenses: LICENSES AND PERMITS

    total $75 · fundraising $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,948 · end of year $41,634

  • 9 · Prepaid expenses and deferred charges

    end of year $150,000

  • 11 · Investments: publicly traded securities

    beginning of year $5,993,476 · end of year $6,942,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $514,249 · end of year $843,905

  • 27 · Net assets without donor restrictions

    beginning of year $952,619 · end of year $1,574,975

  • 28 · Net assets with donor restrictions

    beginning of year $4,566,556 · end of year $4,714,888

Mission and programs · 2024

Mission

THE ASCRS FOUNATION IS A 501(C)(3) ORGANIZATION THAT SUPPORTS PHYSICIAN EDUCATION AND PROVIDES HUMANITARIAN CATARACT SURGERY IN THE U.S. AND ABROAD. THROUGH ITS PROGRAMS AND PARTNERSHIPS THE FOUNDATION WORKS TO MAXIMIZE THE BENEFITS OF MODERN OPHTHALMOLOGY.

Activities or mission (Part I)

PROVIDE FUNDING, SUPPORT, ORGANIZATION, AND INFRASTRUCTURE TO ENABLE THE DELIVERY OF CHARITABLE EYECARE AND PHYSICIAN EDUCATION.

  • CHARITABLE/HUMANITARIAN EYE CARE: SUPPORT FOUNDATION SPONSORED CHARITABLE AND HUMANITARIAN EYE CARE EFFORTS IN THE U.S. AND IN THE DEVELOPING WORLD. THE ASCRS FOUNDATION PROVIDES PHYSICIAN EDUCATION BOTH IN THE UNITED STATES AND INTERNATIONALLY. IN THE U.S., THE FOUNDATION HELPS TO SUPPORT THE DEVELOPMENT AND DELIVERY OF EDUCATION PROGRAM CONTENT AT THE ASCRS ANNUAL MEETING, WHILE OVERSEAS THE FOUNDATION SUPPORTS WETLAB TRAINING AND BOARD REVIEW COURSES FOR ETHIOPIA'S 5 RESIDENCY TRAINING PROGRAMS.

    Expenses $553,598 · Grants $375,976

  • RESIDENT EXCELLENCE AWARDS; TRADITIONALLY PROVIDES TEN 1,000 AWARDS ANNUALLY TO ENABLE OPHTHALMOLOGY RESIDENTS EXHIBITING EXEMPLARY PERFORMANCE TO ATTEND THE ASCRS ANNUAL MEETING. THE AWARDS ARE MADE FOLLOWING A COMPETETIVE APPLICATION PROCESS. THE CATEGORIES FOR CONSIDERATION INCLUDE RESEARCH,PATIENT CARE, LEADERSHIP, AND EDUCATION.

    Expenses $10,000 · Grants $10,000

  • YOUNG EYE SURGEONS INTERNATIONAL SERVICE GRANTS: THESE GRANTS ARE INTENDED TO INSPIRE YOUNG EYE SURGEONS TO BECOME INVOLVED WITH GLOBAL EYE CARE ON A LONG-TERM BASIS AND AFFORDS THE OPPORTUNITY FOR THE GRANTEE TO PARTICIPATE IN HEALTH CARE SYSTEMS, INCLUDING TEACHING INSTITUTIONS AND COMMUNITY PROGRAMS, IN DEVELOPING COUNTRIES. THE GRANTS PROVIDE FUNDING FOR GRANTEES TO INITIATE A GLOBAL SERVICE PROJECT, INCLUDING THE DEVELOPMENT OF A CUSTOMIZED INTERNATIONAL VOLUNTEER PLAN PROVIDING THE OPPORTUNITY FOR A YOUNG EYE SURGEON TO LEARN FIRST-HAND THE INTRICACIES BEHIND GLOBAL EYECARE EFFORTS.

    Expenses $20,000 · Grants $20,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan MacDonald MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • David F Chang MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Zaina Al-Mohtaseb MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Chang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Jensen MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bruce Maller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Cathleen McCabe MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Francis Mah MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Oliva MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stan Pletcher MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Audrey Rostov MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Abigail Markward

    PRINCIPAL OF

    Total calculated
    $0
    Hours/week
    2

  • Stephen H Speares

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    2

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
11 June 2026
IRS schema version
2024v5.0
Source object
202631639349301308

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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