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Nonprofiteer
← HERMAN KNAPP TESTAMONIAL FUND

Form 990 for tax year 2023

Filed by HERMAN KNAPP TESTAMONIAL FUND.

Totals

Total revenue
$399,282
Total expenses
$102,273
Contributions and grants received
$0
Grants paid
$20,233
Program service revenue
$0
Investment income
$399,282
Other revenue
$0
Total assets, end of year
$10,160,073
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,160,073
Program services expenses (Part IX)
$69,996
Management and general expenses
$32,277
Fundraising expenses
$0
Program service expenses (Part III)
$69,996

Program services were 68.4% 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.

  • 3 · Investment income

    total $215,205 · excluded $215,205

  • 7a · Gross sales of assets other than inventory

    securities $416,110

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

    securities $232,033

  • 7c · Gain or loss

    securities $184,077

  • 7d · Net gain or loss

    total $184,077 · excluded $184,077

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,233 · program services $17,233

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 11c · Fees: accounting

    total $7,776 · management and general $7,776

  • 11f · Fees: investment management

    total $23,820 · management and general $23,820

  • 19 · Conferences, conventions and meetings

    total $49,763 · program services $49,763

  • 23 · Insurance

    total $681 · management and general $681

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $7,259,196 · end of year $7,958,048

  • 15 · Other assets

    beginning of year $1,880,478 · end of year $2,202,025

  • 27 · Net assets without donor restrictions

    beginning of year $9,139,674 · end of year $10,160,073

Mission and programs · 2023

Mission

THE FUND IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO SUPPORT, BENEFIT, PERFORM, AND ASSIST IN CARRYING OUT THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES AND FUNCTIONS OF THE AMERICAN OPHTHALMOLOGICAL SOCIETY.

Activities or mission (Part I)

THE FUND IS ORGANIZED TO SUPPORT THE PURPOSES AND FUNCTIONS OF THE AMERICAN OPHTHALMOLOGICAL SOCIETY BY: RAISING THE STANDARDS OF MEDICAL CARE OF THE OCULAR SICK BY PROMOTING AND ADVANCING THE ART AND SCIENCE OF OPHTHALMOLOGY; ADVANCING THE ART AND PRACTICE OF OPHTHALMIC TEACHING; PROMOTING AND SUPPORTING ADVANCED STUDY AND RESEARCH IN THE FIELDS OF OCULAR AND RELATED DISEASES; AND BY PROVIDING FOR PRIZES AND MEDALS TO PERSONS EXCELLING IN ONE OR MORE OF SUCH ENDEAVORS.

  • THE HERMAN KNAPP FUND SUPPORTS THE AMERICAN OPHTHALMOLOGICAL SOCIETY THROUGH THE SUPPORT OF SCIENTIFIC AND EDUCATIONAL SYMPOSIA AND HONORARY LECTURES PRESENTED AT THE ANNUAL MEETING.

    Expenses $49,763

  • THE HERMAN KNAPP FUND PROVIDES SUPPORT FOR THE RESIDENT RETREAT OF THE HEED OPHTHALMIC FOUNDATION TO ENCOURAGE PURSUIT OF ACADEMIC CAREERS. ADDITIONALLY, THE HERMAN KNAPP FUND PROVIDES SUPPORT TO OTHER ORGANIZATIONS WITHIN THE OPHTHALMOLOGICAL FIELD.

    Expenses $17,233 · Grants $17,233

  • THE HERMAN KNAPP FUND SUPPORTS TRAVEL AWARDS FOR NON-MEMBER, YOUNG INVESTIGATORS FROM THEIR RESIDENCIES TO PARTICIPATE IN THE AOS ANNUAL MEETING.

    Expenses $3,000 · Grants $3,000

As filed on the 2023 return.

Listed in Part VII

  • David J Wilson MD

    SECRETARY/TREASURER

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

  • William F Mieler MD Facs Farvo

    CHAIR THROUGH 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Preston H Blomquist MD

    CHAIR START 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Emily Y Chew MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mary E Hartnett MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Peter A Netland MD PhD

    TRUSTEE START 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Timothy W Olsen MD

    TRUSTEE START 5/2023

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • David K Wallace MD MPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marco A Zarbin MD PhD

    TRUSTEE THROUGH 5/2023

    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

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
202432549349301923

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