Overview
What is Ophthalmology Medical Service Group Inc?
Ophthalmology Medical Service Group Inc, situated in Syracuse, New York, is a nonprofit organization committed to advancing research and training in the field of vision science. The primary objective of this organization is to support and encourage basic and clinical vision scientists, fostering an environment for collaborative studies within the community. Additionally, they aim to attract other vision scientists to join their efforts. Beyond research, they also offer professional services, utilizing the faculty of a local medical school to contribute to teaching and learning processes. With a dedicated workforce of eight individuals, Ophthalmology Medical Service Group Inc contributes significantly to the field of ophthalmology and vision science research.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Ophthalmology Medical Service Group Inc has achieved a strong Four-Star rating from Charity Navigator, indicating high accountability and finance management. The organization scored 94% in its Accountability & Finance metrics, demonstrating a commitment to transparency and responsible financial practices. This rating reflects an emphasis on effective governance, with a fully independent board and robust financial oversight measures in place.
The nonprofit excels in various aspects of financial accountability, such as having a strong Program Expense Ratio of 94.27%, which suggests that a significant portion of its funds is allocated directly to its programs. Additionally, the organization has implemented solid policies for conflict of interest, whistleblower protections, and proper document management, all contributing to its high score.
However, while the organization has strong financial practices, the summary does not provide insight into the specific programmatic impact or outreach of the nonprofit. This could be an area for further exploration by potential donors or those interested in the nonprofit's overall effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ophthalmology Medical Service Group Inc legitimate?
Ophthalmology Medical Service Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ophthalmology Medical Service Group Inc 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: $1,410,599
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,340,395
For more financial information, click here
What is the mission statement of Ophthalmology Medical Service Group Inc?
The Ophthalmology Medical Service Group Inc's primary mission is to boost the research and training endeavors of basic and clinical vision scientists. This is aimed at advancing knowledge in the field of vision science. The organization also has secondary objectives, which include promoting collaborative studies within the community and attracting other vision scientists to join their efforts. The group additionally provides professional services through the faculty of a local medical school, contributing to the teaching process.
Who is the CEO of Ophthalmology Medical Service Group Inc?
Dr Robert Fechtner is the President of Ophthalmology Medical Service Group Inc.
What is the revenue of Ophthalmology Medical Service Group Inc?
Ophthalmology Medical Service Group Inc's revenue in 2021 was $6,081,259.
Who are the executives of Ophthalmology Medical Service Group Inc and what are their salaries?
The average compensation at Ophthalmology Medical Service Group Inc during 2021 was $343,874. There are 8 employees at Ophthalmology Medical Service Group Inc.
Here are 3 key members and their salaries:
- Compensation: $396,656
- Related: $365,309
- Other: $52,647
- Compensation: $580,395
- Related: $113,403
- Other: $46,857
- Compensation: $339,685
- Related: $145,544
- Other: $25,914
Where can I find the form 990 for Ophthalmology Medical Service Group Inc?
Ophthalmology Medical Service Group Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Ophthalmology Medical Service Group Inc
Ophthalmology Medical Service Group Inc, a nonprofit organization, is dedicated to enhancing the research and training efforts of both basic and clinical vision scientists. Their primary objective is to foster a conducive environment for these scientists to excel in their fields. Additionally, the group aims to facilitate collaborative studies within the community, encouraging a spirit of cooperation and knowledge sharing. To further its mission, Ophthalmology Medical Service Group Inc also strives to attract other vision scientists to join its ranks, fostering a vibrant community of experts in the field of ophthalmology. In addition to its research and training focus, the organization also provides professional services through the faculty of a local medical school, leveraging these resources to aid in the teaching process.
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Impact
October, 2024
Ophthalmology Medical Service Group Inc significantly impacts the field of vision science through its commitment to enhancing research and training efforts for both basic and clinical vision scientists. By fostering a collaborative environment, it promotes innovative studies that benefit the broader community and attract additional talent in the field. The organization also plays a crucial role in rendering professional services through the faculty of a local medical school, thereby enriching educational experiences and contributing to the teaching processes. This combination of research enhancement, community collaboration, and professional training ensures a robust advancement in ophthalmology and vision sciences in Syracuse, NY, and beyond.
This information is meant to be a general summary of Ophthalmology Medical Service Group Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $17,577
- Program Service Revenue: $6,063,682
- Gross Receipts: $6,081,259
Assets and Liabilities:
- Total Assets: $4,022,130
- Total Liabilities: $719,840
- Net Assets: $3,302,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLINICAL PRACTICE INCO
Revenue
$6,063,682
Organization Details
Founding Year
1994
Phone
(315) 464-5253Principal Officer
Dr Robert Fechtner
Main Address
550 HARRISON STREET SUITE L, SYRACUSE, NY, 13202
NTEE Category
Code: E99 - Health
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