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Optometric Center Of New York

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131819472 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Optometric Center Of New York?

The Optometric Center Of New York is a nonprofit organization situated in New York City, specifically at 33 West 42nd Street. Their primary mission is twofold: to award scholarships to academically gifted students facing financial hardships, aiming to draw in exceptional talent from across the nation; and to provide vision care services to underprivileged individuals, encompassing men, women, and children. Furthermore, they are committed to funding research in the field of optometry, contributing to the advancement of knowledge and treatments in this area.


Official website here: www.sunyopt.edu/giving

What are the reviews and ratings of this charity?

Charity Navigator Rating: 99% (Four-Star out of Four Stars)

The Optometric Center of New York has received an impressive Four-Star rating from Charity Navigator, which highlights its exceptional performance in accountability and impact. With an overall score of 99%, the organization showcases a strong commitment to financial responsibility and transparency, as evidenced by its perfect scores in various accountability metrics and its effective management of resources.

Strengths of the organization include a remarkable impact measurement score of 100%, indicating that its programs are not only effective but also well-evaluated. The nonprofit has demonstrated a significant return on investment by increasing income for scholarship recipients, providing over $1.50 for every dollar spent on their initiatives. This suggests a strong focus on maximizing the benefits of their programs for the community they serve.

Despite its strengths, the accountability and finance score is somewhat lower at 44%, indicating areas where there may be room for improvement. However, with high scores in areas such as program expense ratio and fundraising efficiency, the organization proves to be resourceful in utilizing its funds effectively. Overall, the Optometric Center of New York stands out as a commendable nonprofit with a solid track record in serving its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Optometric Center Of New York legitimate?

Optometric Center Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Optometric Center Of New York submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sunyopt.edu/giving

What is the mission statement of Optometric Center Of New York?

The Optometric Center of New York's mission is centered around providing support and scholarships to academically talented yet financially disadvantaged students. Additionally, the center prioritizes offering vision care services to underserved communities, including men, women, and children. Furthermore, they are committed to funding research in the field of optometry to advance its understanding and applications.


Official website here: www.sunyopt.edu/giving

Who is the CEO of Optometric Center Of New York?

Dawn Rigney is the Ed & Secretary of Optometric Center Of New York.


Official website here: www.sunyopt.edu/giving

What is the revenue of Optometric Center Of New York?

Optometric Center Of New York's revenue in 2022 was $1,956,195.


Official website here: www.sunyopt.edu/giving

Who are the executives of Optometric Center Of New York and what are their salaries?

There 17 volunteers at Optometric Center Of New York.


Here are 18 key members and their salaries:


Dawn Rigney Non-Voting (Ed & Secretary)
  • Compensation: $52,800
  • Related: $0
  • Other: $33,718
Dr Richard Soden (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Farrell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Gehr (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vito Proscia Non-Voting (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marge Axelrad (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Feinbloom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Samar Awad Thru 622 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mj Bustamante Non-Voting (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ridwan Carim-Sanni Thru 622 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Feder (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr David Heath (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Ronald Millman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William J Moran (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Christopher Quinn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam J Sheer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Warner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Wilshinsky (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sunyopt.edu/giving

Where can I find the form 990 for Optometric Center Of New York?

Optometric Center Of New York's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sunyopt.edu/giving

Learn more at the official website: www.sunyopt.edu/giving

Mission Statement of Optometric Center Of New York

The Optometric Center of New York, as a nonprofit organization, is committed to a threefold mission. Primarily, it aims to extend financial aid to deserving students through scholarships. These scholarships serve to attract top-tier talent from various parts of the country, fostering a diverse pool of future vision care professionals.

In addition to this, the Optometric Center of New York is dedicated to providing vision care services to underserved communities. This commitment extends to men, women, and children who may not have had access to such essential care otherwise. By offering these services, the organization seeks to enhance the overall well-being and quality of life for those in need.

Lastly, the Optometric Center of New York also invests in research. By funding various research projects, the organization contributes to the advancement of vision care and the broader field of optometry. This commitment to research ensures that the organization stays at the forefront of the latest developments in vision care, enabling it to provide the best possible services to its beneficiaries.

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Impact




July, 2024

Optometric Center Of New York's impact is significant and far-reaching, as it provides essential scholarships to students, supports vision care services for underserved individuals, and funds crucial research in the field. By offering scholarships based on academic merit and financial need, OCNY is able to attract top talent to its programs, ensuring that the best and brightest students from across the country have access to quality education in optometry. Additionally, their support for vision care services and research helps improve the overall quality of eye care for men, women, and children in underserved communities. Through these efforts, OCNY is actively working towards enhancing education, promoting eye health, and advancing research in the field of optometry.




This information is meant to be a general summary of Optometric Center Of New York. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,956,195 (2022)
Expenses
$1,488,200 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,029,561
  • Gross Receipts: $4,231,415

Assets and Liabilities:

  • Total Assets: $11,061,409
  • Total Liabilities: $82,772
  • Net Assets: $10,978,637

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Organization Details

Founding Year

1959

Principal Officer

Dawn Rigney

Main Address

33 West 42nd St, New York, NY, 10036

NTEE Category

Code: B820 - Education

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