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← FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY

Form 990 for tax year 2022

Filed by FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY.

Totals

Total revenue
$12,756,911
Total expenses
$15,388,492
Contributions and grants received
$8,007,682
Grants paid
$11,409,696
Program service revenue
$1,568,726
Investment income
$3,520,912
Other revenue
-$340,409
Total assets, end of year
$170,564,816
Total liabilities, end of year
$45,997,737
Net assets or fund balances, end of year
$124,567,079
Program services expenses (Part IX)
$12,803,659
Management and general expenses
$1,526,402
Fundraising expenses
$1,058,431
Program service expenses (Part III)
$12,803,659

Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ROBERT E WIGGINS JR MD MHA

    CHAIR (2022) / DIRECTOR (2023)

    Total calculated
    $85,000
    From this org
    $0
    From related orgs
    $85,000
    Other
    $0
    Hours/week
    1 + 1 related

  • DANIEL J BRICELAND MD

    VICE CHAIR (2022) / CHAIR (2023)

    Total calculated
    $30,000
    From this org
    $0
    From related orgs
    $30,000
    Other
    $0
    Hours/week
    1 + 1 related

  • JANE C EDMOND MD

    VICE CHAIR (2023)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHEN D MCLEOD MD

    SECRETARY / CEO OF AAO

    Total calculated
    $884,653
    From this org
    $0
    From related orgs
    $798,155
    Other
    $86,498
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $769,763 related
    Bonus
    $0 + $28,333 related
    Other
    $0 + $59 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $55,998 related
    Filer's total
    $0 + $884,653 related

  • MARIA M AARON MD

    DIRECTOR THROUGH 12/2022

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 1 related

  • IQBAL K AHMED MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALISON BLAKE MBBCH MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY LOUISE Z COLLINS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNA LUISA DI LORENZO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAUL B GINSBURG PHD

    DIRECTOR THROUGH 12/2022

    Total calculated
    $17,500
    From this org
    $0
    From related orgs
    $17,500
    Other
    $0
    Hours/week
    1 + 1 related

  • RAVI D GOEL MD

    DIRECTOR

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 1 related

  • THOMAS A GRAUL MD

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 1 related

  • DAVID C HERMAN MD

    DIRECTOR

    Total calculated
    $17,500
    From this org
    $0
    From related orgs
    $17,500
    Other
    $0
    Hours/week
    1 + 1 related

  • BENNIE H JENG MD

    DIRECTOR START 1/2023

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 1 related

  • LISA DIANE KELLY MD

    DIRECTOR START 1/2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUDY E KIM MD

    DIRECTOR THROUGH 12/2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES A LAWRENCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PURNIMA S PATEL MD

    DIRECTOR

    Total calculated
    $18,500
    From this org
    $0
    From related orgs
    $18,500
    Other
    $0
    Hours/week
    1 + 1 related

  • RON W PELTON MD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRISTOPHER J RAPUANO MD

    DIRECTOR

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 1 related

  • GREGORY L SKUTA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PREM S SUBRAMANIAN MD PHD

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1 + 1 related

  • RUSSELL N VAN GELDER MD PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AARON P WEINGEIST MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GEORGE A WILLIAMS MD

    DIRECTOR

    Total calculated
    $25,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $0
    Hours/week
    1 + 1 related

  • REZA ZADNO PHD

    DIRECTOR START 1/2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TINA MCGOVERN

    EXECUTIVE DIRECTOR

    Total calculated
    $273,045
    From this org
    $227,250
    From related orgs
    $0
    Other
    $45,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,350
    Bonus
    $8,900
    Other
    $0
    Deferred
    $29,350
    Nontaxable benefits
    $16,445
    Filer's total
    $273,045

  • LAWRENCE MENDENHALL

    COO / CFO / SENIOR LEGAL COUNSEL

    Total calculated
    $657,680
    From this org
    $0
    From related orgs
    $566,373
    Other
    $91,307
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $460,462 related
    Bonus
    $0 + $90,800 related
    Other
    $0 + $15,111 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $60,807 related
    Filer's total
    $0 + $657,680 related

  • MAURICE BORDEN

    DIRECTOR OF FACILITIES

    Total calculated
    $211,490
    From this org
    $169,712
    From related orgs
    $0
    Other
    $41,778
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $160,812
    Bonus
    $8,900
    Other
    $0
    Deferred
    $21,762
    Nontaxable benefits
    $20,016
    Filer's total
    $211,490

  • TODD LYCKBERG

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $204,690
    From this org
    $151,996
    From related orgs
    $0
    Other
    $52,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,996
    Bonus
    $8,000
    Other
    $0
    Deferred
    $21,747
    Nontaxable benefits
    $30,947
    Filer's total
    $204,690

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE AMOUNTS INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(II) REPRESENT ANNUAL BONUSES THAT WERE DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS, WHO USED (IN PART) DISCRETION AND/OR JUDGMENT IN DETERMINING THE PAYMENT AND/OR THE AMOUNT OF BONUS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202410469349300131

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