Overview
What is The Foundation Of The American Academy Of Ophthalmology?
The Foundation of the American Academy of Ophthalmology (FAAO) is a nonprofit organization based in San Francisco, California, with a workforce of four individuals. Its primary mission is to support the American Academy of Ophthalmology (AAO) by funding programs that advance ophthalmic education, research, and innovation on a global scale. These grants, primarily sourced from philanthropic donations and managed investments, contribute to AAO initiatives such as the One Network, Iris Registry, R&D for products and services, and international outreach in developing countries. The FAAO's ultimate goal is to advance the AAO's priorities in clinical education, quality and data science, and public service, ensuring the transfer of ophthalmic knowledge and innovation to ophthalmologists worldwide.
Official website here: www.aao.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Foundation of the American Academy of Ophthalmology has achieved an impressive 97% score on Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization’s four-star rating is primarily based on its outstanding performance in various financial metrics, demonstrating high levels of transparency and responsible management practices.
Key strengths highlighted include a fully independent board, robust audit and oversight processes, and a solid program expense ratio of 79.42%, indicating that a significant portion of its funds is directed toward its mission. Additionally, the organization shows effective fundraising efficiency, with minimal costs associated with raising funds, thereby maximizing impact.
While the data suggests a very healthy financial state, the foundation's continued focus on maintaining these high standards will be crucial for sustaining public trust and ongoing support. Overall, the strong ratings and positive feedback from users underscore the foundation's effectiveness in its mission and its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of The American Academy Of Ophthalmology legitimate?
The Foundation Of The American Academy Of Ophthalmology is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The American Academy Of Ophthalmology 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: $291,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,783
For more financial information, click here
Official website here: www.aao.org
What is the mission statement of The Foundation Of The American Academy Of Ophthalmology?
The Foundation of the American Academy of Ophthalmology (FAAO) is dedicated to advancing the priority programs of the American Academy of Ophthalmology (AAO) in education, quality and data science, and public service. Their mission revolves around supporting AAO's initiatives to promote ophthalmic knowledge and the pace of surgical and therapeutic innovation. FAAO grants funds to the AAO to accelerate the dissemination of ophthalmic knowledge and improvements in care on a global scale. These grants contribute to various AAO programs, such as the One Network, Iris Registry, research and development for products and services, and international outreach in developing countries. FAAO's philanthropic gifts and managed assets enable the provision of financial support to AAO's educational and quality of care initiatives.
Official website here: www.aao.org
Who is the CEO of The Foundation Of The American Academy Of Ophthalmology?
David W Parke Ii Md is the CEO of The Foundation Of The American Academy Of Ophthalmology The CEO's salary of The Foundation Of The American Academy Of Ophthalmology is $0 and their total compensation is $113,756.
Official website here: www.aao.org
What is the revenue of The Foundation Of The American Academy Of Ophthalmology?
The Foundation Of The American Academy Of Ophthalmology's revenue in 2024 was $10,929,128.
Official website here: www.aao.org
Who are the executives of The Foundation Of The American Academy Of Ophthalmology and what are their salaries?
The average compensation at The Foundation Of The American Academy Of Ophthalmology during 2024 was $210,065. There are 4 employees and 4000 volunteers at The Foundation Of The American Academy Of Ophthalmology.
Here are 33 key members and their salaries (The Foundation Of The American Academy Of Ophthalmology's CEO's salary is $0 and their total compensation is $113,756):
- Compensation: $0
- Related: $85,000
- Other: $0
- Compensation: $0
- Related: $30,000
- Other: $0
- Compensation: $0
- Related: $120,000
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $25,000
- Other: $0
- Compensation: $0
- Related: $15,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $17,500
- Other: $0
- Compensation: $0
- Related: $25,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $25,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $25,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,073,298
- Other: $125,586
- Compensation: $0
- Related: $567,851
- Other: $99,219
- Compensation: $249,156
- Related: $0
- Other: $42,320
- Compensation: $167,904
- Related: $0
- Other: $39,822
- Compensation: $166,023
- Related: $0
- Other: $39,094
- Compensation: $0
- Related: $107,458
- Other: $6,298
Official website here: www.aao.org
Where can I find the form 990 for The Foundation Of The American Academy Of Ophthalmology?
The Foundation Of The American Academy Of Ophthalmology's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.aao.org
Learn more at the official website: www.aao.org
Mission Statement of The Foundation Of The American Academy Of Ophthalmology
The Foundation of the American Academy of Ophthalmology (FAAO) is a charitable organization dedicated to advancing the mission of the American Academy of Ophthalmology (AAO) in the areas of education, quality and data science, and public service. The FAAO's primary goal is to support AAO programs that accelerate the dissemination of ophthalmic knowledge and innovation to eye specialists around the world.
In the rapidly evolving field of ophthalmology, where medical knowledge and surgical and therapeutic advancements progress at an unprecedented pace, the need to provide up-to-date education and resources to ophthalmologists is paramount. FAAO contributes to this objective by granting funds to various AAO initiatives focused on clinical education, quality of care, research and development, and international outreach in developing countries. Some of these programs include the One Network, the Iris Registry, and ongoing research for innovative products and services.
By raising philanthropic donations worldwide and managing its investable assets, the Foundation of the American Academy of Ophthalmology provides essential financial support to these AAO initiatives. Through its grant-making efforts, FAAO plays a pivotal role in ensuring that eye specialists have access to the latest knowledge and resources, enabling them to deliver optimal care and improved patient outcomes. The organization's commitment to public service extends beyond its borders, as it strives to make a difference in the lives of people in developing countries by enhancing their access to quality ophthalmic care.
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Impact
October, 2024
The Foundation of the American Academy of Ophthalmology significantly enhances the quality of ophthalmic education and patient care globally. By providing grants to support key programs of the American Academy of Ophthalmology (AAO), it facilitates the rapid dissemination of medical knowledge and innovative surgical techniques to ophthalmologists around the world. This initiative is crucial as the pace of innovation in medical treatments and technology expands, along with a growing focus on patient outcomes and value-based care.
Through its commitment to advancing lifelong ophthalmic education, the Foundation ensures that practitioners are equipped with the latest information and skills needed to perform effectively. Programs such as the One Network and the IRIS Registry exemplify efforts to harness data science for improving clinical quality and patient care. Furthermore, the Foundation's international outreach initiatives aim to enhance eye care in developing countries, addressing disparities in access to treatment and education.
By raising philanthropic support and managing investable assets, the Foundation plays a pivotal role in sustaining and expanding these vital programs, thus contributing to a healthier future for communities worldwide through improved ophthalmic care.
This information is meant to be a general summary of The Foundation Of The American Academy Of Ophthalmology. 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 2024.
- Investment Income: $4,912,379
- Program Service Revenue: $1,590,616
- Gross Receipts: $24,729,993
Assets and Liabilities:
- Total Assets: $169,457,779
- Total Liabilities: $35,111,575
- Net Assets: $134,346,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE FROM AAO
Revenue
$1,590,616
Organization Details
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