Overview
What is Ophthalmology Research Foundation?
The Ophthalmology Research Foundation is a nonprofit organization situated in Miami, Florida. Its primary mission is to offer financial backing to the Department of Ophthalmology within the University of Miami School of Medicine. Recently, the foundation has been actively involved in property acquisition, loans, and construction projects, notably for the development of Bascom Palmer's primary practice locations. Most notably, land was purchased for the construction of the Bascom Palmer Eye Institute in Naples, Florida. The organization's support aims to advance ophthalmological research and healthcare.
What are the reviews and ratings of this charity?
**Ophthalmology Research Foundation - Rating: 56% (One-Star out of Four Stars)**
The Ophthalmology Research Foundation has received a One-Star rating from Charity Navigator, primarily due to its low score in Accountability & Finance. This rating indicates significant concerns regarding the organization's governance and transparency. Most notably, the foundation lacks independent board members, which raises questions about oversight and decision-making processes. Additionally, it has not provided crucial financial statements, contributing to its low accountability score.
Despite some strengths, such as a high program expense ratio of 95.88%, indicating that the vast majority of expenditures are directed towards its mission programs, the foundation also faces criticism for leadership salary levels. The compensation for key individuals is notably high, which may lead to concerns among potential donors regarding resource allocation.
Currently, there are no user reviews available from GreatNonprofits, which limits insights from the community regarding the foundation’s impact and effectiveness. As such, potential donors and supporters may want to consider the organization's governance issues before committing their support.
This AI summary has been generated from information found on Charity Navigator.
Is Ophthalmology Research Foundation legitimate?
Ophthalmology Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ophthalmology Research Foundation 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: $29,750
For more financial information, click here
What is the mission statement of Ophthalmology Research Foundation?
The Ophthalmology Research Foundation's primary mission is to provide financial assistance to the Department of Ophthalmology at the University of Miami School of Medicine. This support is instrumental in advancing ophthalmic research and education. The organization's activities include purchasing property, providing loans, or constructing facilities for Bascom Palmer's primary practice locations. Recently, property was acquired for the construction of the Bascom Palmer Eye Institute in Naples, FL. This foundation's role is crucial in contributing to the advancement of ophthalmic care and research within the academic medical community.
Who is the CEO of Ophthalmology Research Foundation?
John G Clarkson Md is the President of Ophthalmology Research Foundation.
What is the revenue of Ophthalmology Research Foundation?
Ophthalmology Research Foundation's revenue in 2022 was $9,352,354.
Who are the executives of Ophthalmology Research Foundation and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $1,170,597
- Other: $6,858
- Compensation: $0
- Related: $594,499
- Other: $2,322
- Compensation: $0
- Related: $472,405
- Other: $8,961
- Compensation: $0
- Related: $464,457
- Other: $2,322
- Compensation: $0
- Related: $408,144
- Other: $6,798
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ophthalmology Research Foundation?
Ophthalmology Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ophthalmology Research Foundation
The Ophthalmology Research Foundation serves a vital role in supporting the Department of Ophthalmology at the University of Miami School of Medicine. Its mission is primarily focused on providing financial assistance for this department, thereby contributing to its overall growth and development. To further its objectives, the foundation engages in various activities such as purchasing property, lending money, or constructing primary practice locations. A recent example of its investment is the acquisition of land for the construction of the Bascom Palmer Eye Institute in Naples, FL. By providing this financial support, the Ophthalmology Research Foundation plays a crucial role in advancing ophthalmological research and education, ultimately aiming to improve eye health and vision care.
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Impact
October, 2024
The Ophthalmology Research Foundation plays a pivotal role in advancing eye care and medical research through its financial support for the Department of Ophthalmology at the University of Miami School of Medicine. By facilitating the purchase of property, providing loans, and constructing essential facilities like the Bascom Palmer Eye Institute in Naples, FL, the foundation significantly enhances the resources available for ophthalmic research and patient care. Its efforts are instrumental in fostering innovation within the field, ultimately contributing to better treatment and outcomes for individuals with eye conditions. The foundation's commitment to supporting ophthalmology directly impacts the quality and accessibility of eye care services, benefiting both the local community and the broader field of medical research.
This information is meant to be a general summary of Ophthalmology Research Foundation. 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 2022.
- Investment Income: $2,385,956
- Program Service Revenue: $2,366,046
- Gross Receipts: $9,352,354
Assets and Liabilities:
- Total Assets: $78,932,137
- Total Liabilities: $11,235,502
- Net Assets: $67,696,635
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,366,046
Organization Details
Founding Year
1970
Phone
(305) 326-6190Principal Officer
John G Clarkson Md
Main Address
PO BOX 015869, MIAMI, FL, 33101
NTEE Category
Code: H41J - Medical research
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