OPHTHALMOLOGY FOUNDATION

EIN: 852967452 501(c)(3) Education

SAN FRANCISCO, CA

Total Revenue
$651,902
Total Expenses
$1,115,274
Total Assets
$2,167,889
Net Assets
$1,857,798
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
PETER J MCDONNELL
Phone
4156512723
Tax Period
2024-01-01 to 2024-12-31

OPHTHALMOLOGY FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $652K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 71% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $407,344

THE FACULTY DEVELOPMENT CONSORTIUM PROGRAM PROVIDES OPHTHALMIC EDUCATORS AROUND THE WORLD WITH THE EDUCATIONAL TOOLS, TECHNIQUES, AND RESOURCES REQUIRED TO OPTIMALLY TRAIN AND IMPROVE...

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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.

Program 2
Expenses: $450,701

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)...

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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.

Program 3
Expenses: $90,319

The Ophthalmology Foundation examinations provide accessible, affordable, high-quality ophthalmology exams for global trainees. Three exams are held twice annually in Visual Sciences; Optics...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $510,611
Program Service Revenue $0
Investment Income $141,291
Other Revenue $0
TOTAL REVENUE $651,902

Expense Breakdown

Grants Paid $405,789
Salaries & Benefits $309,414
Fundraising Expenses $14,577
Program Expenses $948,364
Other Expenses $400,071
TOTAL EXPENSES $1,115,274

Year-over-Year Comparison

2024 2023 Change
Revenue $651,902 $708,305 -0.1%
Expenses $1,115,274 $924,362 +0.2%
Net Income $-463,372 $-216,057 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
39
Independent Members
39
Employees
2
Volunteers
182

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$121,579
Total Directors
40
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE R GRAHAM EXECUTIVE DIRECTOR 40.0
Officer
$109,982 $11,597 $121,579
DAVID EI PYOTT MDHC VICE PRESIDENT 5.0
Officer Director
$0 $0 $0
JAMES V MAZZO PRESIDENT 5.0
Officer Director
$0 $0 $0
BRUCE E SPIVEY MD MS MED VICE PRESIDENT 5.0
Officer Director
$0 $0 $0
EDUARDO C ALFONSO MD DIRECTOR 1.0
Director
$0 $0 $0
F MICHAEL BALL DIRECTOR 1.0
Director
$0 $0 $0
RUBENS BELFORT JR MD PHD MBA DIRECTOR 1.0
Director
$0 $0 $0
THOMAS W BURNS DIRECTOR 1.0
Director
$0 $0 $0
MATTHEW BURTON PHD FMEDSCI DIRECTOR 1.0
Director
$0 $0 $0
ANDREW IHAN CHANG DIRECTOR 1.0
Director
$0 $0 $0
JEAN-FREDERIC CHIBRET DIRECTOR 1.0
Director
$0 $0 $0
JAG DOSANJH DIRECTOR 1.0
Director
$0 $0 $0
WARREN FOUST DIRECTOR 1.0
Director
$0 $0 $0
KARL C GOLNIK MD MED DIRECTOR 3.0
Director
$0 $0 $0
JULIA A HALLER MD VICE PRESIDENT 5.0
Officer Director
$0 $0 $0
WEI HE MD PHD EMBA DIRECTOR 1.0
Director
$0 $0 $0
SIR PENG T KHAW MD PHD DIRECTOR 1.0
Director
$0 $0 $0
SHIGERU KINOSHITA MD PHD DIRECTOR 1.0
Director
$0 $0 $0
SHERVIN KORANGY DIRECTOR 1.0
Director
$0 $0 $0
AKIRA KUROKAWA DIRECTOR 1.0
Director
$0 $0 $0
PAUL P LEE MD JD DIRECTOR 1.0
Director
$0 $0 $0
KGAOGELO EDWARD MOLEKE LEGODI MD DIRECTOR 1.0
Director
$0 $0 $0
WANJIKU MATHENGE MD MSC PHD DIRECTOR 1.0
Director
$0 $0 $0
EDUARDO P MAYORGOA MD DIRECTOR 3.0
Director
$0 $0 $0
PETER J MCDONNELL MD SECRETARY-TREASURER 5.0
Officer Director
$0 $0 $0
HENRY EBONG NKUMBE MD MMED MSC DIRECTOR 1.0
Director
$0 $0 $0
ANA GABRIELA PALIS MD DIRECTOR 3.0
Director
$0 $0 $0
M BABAR QURESHI MD BMBCH MSC DIRECTOR 1.0
Director
$0 $0 $0
RD RAVINDRAN MS DO DIRECTOR 1.0
Director
$0 $0 $0
BERTHOLD SEITZ MD ML FEBO FELLOWSHIPS DIRECTOR 1.0
Director
$0 $0 $0
HUGH R TAYLOR AC MD DIRECTOR 1.0
Director
$0 $0 $0
TIEN YIN WONG MD PHD DIRECTOR 1.0
Director
$0 $0 $0
FILOMENA RIBEIRO MD PHD FEBO DIRECTOR 1.0
Director
$0 $0 $0
TIMOTHY CLOVER DIRECTOR 1.0
Director
$0 $0 $0
JEFFREY NAU PHD DIRECTOR (UNTIL 6/24) 1.0
Director
$0 $0 $0
PETER MENZIUSO DIRECTOR 1.0
Director
$0 $0 $0
MARK BAUM DIRECTOR(FROM 8/24) 1.0
Director
$0 $0 $0
FATIMA KYARI MD PhD DIRECTOR (FROM 8/24) 1.0
Director
$0 $0 $0
SUSAN MACDONALD MD DIRECTOR (FROM 1/24) 1.0
Director
$0 $0 $0
BRENT SAUNDERS DIRECTOR (FROM 1/24) 1.0
Director
$0 $0 $0
JUSTINE SMITH FRANZCO PhD DIRECTOR (FROM 1/24) 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $651,902 $1,115,274 $2,167,889 $-463,372
2023 $708,305 $924,362 $2,426,065 $-216,057
2022 $1,398,274 $1,075,274 $2,679,994 $323,000
2021 $757,071 $612,465 $2,424,510 $144,606
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