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← OPHTHALMOLOGY FOUNDATION

Form 990 for tax year 2024

Filed by OPHTHALMOLOGY FOUNDATION.

Totals

Total revenue
$651,902
Total expenses
$1,115,274
Contributions and grants received
$510,611
Grants paid
$405,789
Program service revenue
$0
Investment income
$141,291
Other revenue
$0
Total assets, end of year
$2,167,889
Total liabilities, end of year
$310,091
Net assets or fund balances, end of year
$1,857,798
Program services expenses (Part IX)
$948,364
Management and general expenses
$152,333
Fundraising expenses
$14,577
Program service expenses (Part III)
$948,364

Program services were 85.0% 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

    $510,611

  • 1g · Noncash contributions included above

    $22,617

  • 3 · Investment income

    total $77,806 · excluded $77,806

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $132,056

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

    securities $68,571

  • 7c · Gain or loss

    securities $63,485

  • 7d · Net gain or loss

    total $63,485 · excluded $63,485

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 3 · Grants to foreign organizations and individuals

    total $399,789 · program services $399,789

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $109,982 · program services $98,984 · management and general $7,336 · fundraising $3,662

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $170,537 · program services $150,440 · management and general $13,394 · fundraising $6,703

  • 8 · Pension plan contributions

    total $6,152 · program services $5,537 · management and general $410 · fundraising $205

  • 9 · Other employee benefits

    total $6,651 · program services $5,313 · management and general $921 · fundraising $417

  • 10 · Payroll taxes

    total $16,092 · program services $13,678 · management and general $1,609 · fundraising $805

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $25,622 · program services $7,242 · management and general $18,380

  • 11c · Fees: accounting

    total $62,457 · management and general $62,457

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $13,944 · management and general $13,944

  • 11g · Fees: other

    total $153,353 · program services $151,565 · management and general $1,241 · fundraising $547

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $19,991 · program services $18,004 · management and general $1,464 · fundraising $523

  • 14 · Information technology

    total $21,537 · program services $19,543 · management and general $1,579 · fundraising $415

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $68,157 · program services $45,168 · management and general $22,865 · fundraising $124

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $27,574 · program services $24,778 · management and general $1,865 · fundraising $931

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,453 · management and general $2,453

  • 23 · Insurance

    total $2,132 · management and general $2,132

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $2,015 · program services $1,583 · management and general $219 · fundraising $213

  • 24b · Other expenses: TELEPHONE

    total $836 · program services $740 · management and general $64 · fundraising $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,930 · end of year $154,564

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $203,414 · end of year $194,498

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,747 · end of year $44,702

  • 10a · Land, buildings and equipment: cost or other basis

    $21,430

  • 10b · Land, buildings and equipment: accumulated depreciation

    $21,430

  • 10c · Land, buildings and equipment, net

    beginning of year $2,453 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,889,521 · end of year $1,774,125

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $287,139 · end of year $300,741

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $9,350

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,057,273 · end of year $1,063,753

  • 28 · Net assets with donor restrictions

    beginning of year $1,081,653 · end of year $794,045

Mission and programs · 2024

Mission

THE OPHTHALMOLOGY FOUNDATION WORKS WITH EYE CARE PROFESSIONALS, SOCIETIES AND ORGANIZATIONS TO ENHANCE AND PROVIDE OPHTHALMIC EDUCATION, WITH SPECIAL FOCUS ON LOW-RESOURCE AND UNDERSERVED COUNTRIES. THE ORGANIZATION COMMITS TO STRENGTHENING OPHTHALMIC EDUCATION, WITH THE ULTIMATE GOAL OF IMPROVING EYECARE AND ADVANCING THE PRESERVATION AND RESTORATION OF VISION FOR ALL.

Activities or mission (Part I)

SEE PART III LINE 1

  • THE FACULTY DEVELOPMENT CONSORTIUM PROGRAM PROVIDES OPHTHALMIC EDUCATORS AROUND THE WORLD WITH THE EDUCATIONAL TOOLS, TECHNIQUES, AND RESOURCES REQUIRED TO OPTIMALLY TRAIN AND IMPROVE OPHTHALMOLOGIST'S SKILLS AND THE EYE CARE THEIR PATIENTS RECEIVE. OPTHALMIC EDUCATORS VOLUNTEER THEIR SERVICES AS CONTENT EXPERTS TO PROMOTE AND DEVELOP SYMPOSIUMS, WORKSHOPS, COURSES, AND OTHER TEACHING INTERVENTIONS. THE EDUCATION PROGRAM OFFERS ONLINE COURSES, INCLUDING TEACHING SKILLS FOR OPHTHALMIC EDUCATORS, LEADERS IN EDUCATION PROGRAM, MENTORSHIP PROGRAMS, CONTINUING PROFESSIONAL DEVELOPMENT SUPPORT, EDUCATOR SESSIONS AT OPHTHALMIC MEETINGS AND TOOLS FOR TEACHING.

    Expenses $407,344 · Grants $43,289

  • IN PARTNERSHIP WITH THE INTERNATIONAL OPHTHALMOLOGICAL FELLOWSHIP FOUNDATION (IOFF E.V.), THE FOUNDATION SUPPORTS TWO MAJOR FELLOWSHIP PROGRAMS: THE ONE-YEAR IOFF RETINA RESEARCH FOUNDATION (RRF) HELMERICH INTERNATIONAL FELLOWSHIP AND THE IOFF SUBSPECIALTY FELLOWSHIP PROGRAM. THE IOFF-RRF HELMERICH INTERNATIONAL FELLOWSHIPS (RRF FELLOWS) ARE AWARDED ANNUALLY TO TWO YOUNG OPHTHALMOLOGISTS FROM LOW-RESOURCE AND UNDERSERVED COUNTRIES WHO ARE DEDICATED TO DEEPENING THE QUALITY OF OPHTHALMIC EDUCATION AND PATIENT CARE IN THEIR HOME COUNTRIES. RRF FELLOWS ARE REQUIRED TO COMMIT TO RETURNING TO THEIR HOME COUNTRIES AFTER THEIR FELLOWSHIP AND TAKING A POSITION AT A TEACHING INSTITUTION OR PUBLIC SERVICE HOSPITAL TO SHARE THEIR KNOWLEDGE. THREE AND TWELVE-MONTH FELLOWSHIPS ARE OFFERED UNDER THE SUBSPECIALTY PROGRAM. THE SUBSPECIALTY FELLOWSHIP PROGRAM INVITES YOUNG OPHTHALMOLOGISTS FROM LOW-RESOURCE OR UNDERSERVED COUNTRIES TO APPLY FOR AN IOFF-SUBSPECIALTY FELLOWSHIP AWARD. FELLOWS ARE EXPECTED TO BRING THEIR ACQUIRED KNOWLEDGE AND SKILLS BACK TO THEIR NATIVE COUNTRIES AND PARTICIPATE IN PROGRAMS TO PRESERVE VISION AND PREVENT BLINDNESS.

    Expenses $450,701 · Grants $362,500

  • The Ophthalmology Foundation examinations provide accessible, affordable, high-quality ophthalmology exams for global trainees. Three exams are held twice annually in Visual Sciences; Optics, Refraction, and Instruments; Clinical Ophthalmology and aim to assess the depth and breadth of trainees' knowledge, benchmark performance, and ensure readiness for certification. Foundation exams are developed through a rigorous process and align with the American Academy of Ophthalmology's Basic and Clinical Sciences (BCSC) standards and the professional requirements in the field. Content is created by international experts in every subspecialty within ophthalmology and revised periodically.

    Expenses $90,319

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

Listed in Part VII

  • Christine R Graham

    EXECUTIVE DIRECTOR

    Total calculated
    $121,579
    From this org
    $109,982
    From related orgs
    $0
    Other
    $11,597
    Hours/week
    40
  • David Ei Pyott Mdhc

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • James V Mazzo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Bruce E Spivey MD Ms Med

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Eduardo C Alfonso MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • F Michael Ball

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rubens Belfort Jr MD PhD MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Thomas W Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Burton PhD Fmedsci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andrew Ihan Chang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jean-Frederic Chibret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jag Dosanjh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Warren Foust

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Karl C Golnik MD Med

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Julia A Haller MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Wei He MD PhD Emba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sir Peng T Khaw MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shigeru Kinoshita MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shervin Korangy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Akira Kurokawa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul P Lee MD JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kgaogelo Edward Moleke Legodi MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wanjiku Mathenge MD Msc PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eduardo P Mayorgoa MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Peter J McDonnell MD

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Henry Ebong Nkumbe MD Mmed Msc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ana Gabriela Palis MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • M Babar Qureshi MD Bmbch Msc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rd Ravindran Ms Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Berthold Seitz MD Ml Febo

    FELLOWSHIPS DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Hugh R Taylor Ac MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tien Yin Wong MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Filomena Ribeiro MD PhD Febo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Timothy Clover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Nau PhD

    DIRECTOR (UNTIL 6/24)

    Total calculated
    $0
    Hours/week
    1
  • Peter Menziuso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Baum

    DIRECTOR(FROM 8/24)

    Total calculated
    $0
    Hours/week
    1
  • FATIMA KYARI MD PhD

    DIRECTOR (FROM 8/24)

    Total calculated
    $0
    Hours/week
    1
  • Susan MacDonald MD

    DIRECTOR (FROM 1/24)

    Total calculated
    $0
    Hours/week
    1
  • Brent Saunders

    DIRECTOR (FROM 1/24)

    Total calculated
    $0
    Hours/week
    1
  • JUSTINE SMITH FRANZCO PhD

    DIRECTOR (FROM 1/24)

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202503209349300550

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