Foundation Of The American Academy Of Ophthalmology in San Francisco, California (CA)

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Foundation Of The American Academy Of Ophthalmology
Employer Identification Number (EIN)942682387
Name of OrganizationFoundation Of The American Academy Of Ophthalmology
In Care of NameKatherine Salazar-Poss
Address655 Beach St, San Francisco, CA 94109-1342
ActivitiesMuseum, zoo, planetarium, etc., Library, Discussion groups, forums, panels lectures, etc.
SubsectionCharitable Organization
Ruling Date09/1980
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period03/2012
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$71,591,549
Amount of Income$5,672,484
Form 990 Revenue Amount$3,789,007
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: History Museums


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Amount of income in 2012: $5,672,484
Foundation Of The American Academy Of Ophthalmology: 

 $5,672,484
Other organizations performing similar types of work: 

 $84,165

Assets in 2012: $71,591,549
This organization: 

 $71,591,549
Other organizations performing similar types of work: 

 $304,153

Expenses in 2007: $6,035,698
Foundation Of The American Academy Of Ophthalmology: 

 $6,035,698
Other organizations performing similar types of work: 

 $795,012

Income to expenses ratio in 2007: 1.8
This organization: 

 1.8
Other organizations performing similar types of work: 

 10.7

Expenses allocated to program services in 2007: 70.8%
This organization: 

 70.8%
Other organizations performing similar types of work: 

 56.5%

Number of employees in 2007: 15
Foundation Of The American Academy Of Ophthalmology: 

 15
Other organizations performing similar types of work: 

 13

Employees paid over $50,000 in 2007: 66.7%
This organization: 

 66.7%
Other organizations performing similar types of work: 

 11.1%

Grants share in income in 2007: 77.6%
This organization: 

 77.6%
Other organizations performing similar types of work: 

 77.6%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20062007
Total revenue$6,267,933$11,138,131
Contributions, gifts, grants, and similar amounts received$5,319,689$8,646,419
Contributions to donor advised funds$0$0
Direct public support$3,884,609$7,014,769
Indirect public support$1,435,080$1,631,650
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$3,772$56,374
Dividends and interest from securities$748,285$954,385
Net rental income or (loss)$-707,254$-245,032
Gross rents$1,890,469$1,846,343
Less: rental expenses$2,597,723$2,091,375
Other investment income$0$0
Gain or (loss) from sales of assets other than inventory$752,199$1,542,847
Gross amount from sales of assets other than inventory$752,199$1,542,847
Less: cost or other basis and sales expenses$0$0
Net income or (loss) from special events and activities$-92,373$-123,098
Gross revenue$56,700$52,350
Less: direct expenses other than fundraising expenses$149,073$175,448
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$243,615$306,236
Total expenses$5,844,227$6,035,698
Program services$4,664,882$4,271,797
Management and general$674,841$1,105,261
Fundraising$504,504$658,640
Payments to affiliates$0$0
Net assets or fund balances at end of year$48,059,432$55,936,221
Excess or (deficit) for the year$423,706$5,102,433
Net assets or fund balances at beginning of year$41,758,917$48,059,432
Other changes in net assets or fund balances$5,876,809$2,774,356
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$6,035,698$4,271,797$1,105,261$658,640
Grants paid from donor advised funds$0
Other grants and allocations$2,451,250
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,244,208$779,865$122,293$342,050
Pension plan contributions not included above$107,400$65,696$9,717$31,987
Employee benefits not included above$109,519$64,673$15,310$29,536
Payroll taxes$81,485$48,008$11,088$22,389
Professional fundraising fees$0$0$0$0
Accounting fees$10,950$0$10,950$0
Legal fees$4,369$3,641$728$0
Supplies$18,148$5,372$9,869$2,907
Telephone$13,584$12,935$567$82
Postage and shipping$111,281$68,656$10,519$32,106
Occupancy$20,029$0$20,029$0
Equipment rental and maintenance$44,005$970$30,173$12,862
Printing and publications$142,827$88,046$4,405$50,376
Travel$79,760$31,396$35,685$12,679
Conferences, conventions, and meetings$97,447$7,502$26,029$63,916
Interest$37,726$0$37,726$0
Depreciation, depletion, etc.$34,776$0$34,776$0
Other expenses not covered above$1,426,934$643,787$725,397$57,750
Balance Sheets
20062007
Total assets$56,524,243$64,418,684
Cash - non-interest-bearing$232,757$0
Savings and temporary cash investments$805,320$1,587,172
Accounts receivable less allowance for doubtful accounts$315,032$552,841
Pledges receivable less allowance for doubtful accounts$2,387,172$4,809,917
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$93,365$106,891
Investments - publicly-traded securities$34,318,549$37,947,371
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0
Investments - other$0$1,500,375
Land, buildings, and equipment less accumulated depreciation$18,287,752$17,838,870
Other assets, including program-related investments$84,296$75,247
Total liabilities$8,464,811$8,482,463
Accounts payable and accrued expenses$346,119$437,593
Grants payable$0$0
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$6,976,688$6,028,450
Other liabilities$1,142,004$2,016,420
Total liabilities and net assets/fund balances$56,524,243$64,418,684
Total net assets or fund balances$48,059,432$55,936,221
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20062007
Total revenue$0$0
Total revenue, gains, and other support per audited financial statements$0$0
Other expenses$0$0
Net unrealized gains on investments$0$0
Donated services and use of facilities$0$0
Recoveries of prior year grants$0$0
Other$0$0
Other revenue$0$0
Investment expenses$0$0
Other$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20062007
Total expenses$0$0
Total expenses and losses per audited financial statements$0$0
Other revenue$0$0
Donated services and use of facilities$0$0
Prior year adjustments$0$0
Losses$0$0
Other$0$0
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200615
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$294,254$2,197,458$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$56,374$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$954,385$0
Net rental income or (loss) from real estate
debt-financed propertyLessors of nonresidential buildings (except miniwarehouses)$48,68500$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$-293,717$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,542,847$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$-123,098$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenueParking lots and garages$245,569Income from an activity that is not regularly carried on (section 512(a)(1))$60,667$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$208,130$33,353$450
$107,226$18,440$750
$101,976$18,783$377
$113,654$18,924$167
$98,040$23,484$258
Total number of other employees paid over $50,0005
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType II
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
411336784American Academy Of Ophthalmology IncYes$2,441,250
Total$2,441,250
Support Schedule
20052006
Total$0$0
Gifts, grants, and contributions received$0$0
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$3,789,007
Contributions, Gifts, Grants and Other Similar Amounts$2,068,305
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,158,013
Income from investment of tax-exempt bond proceeds$0
Royalties$10,000
Net rental loss$-10,901
Gross rents (Real / Personal)$1,809,547 / $0
Less: rental expenses (Real / Personal)$1,820,448 / $0
Rental income or (loss) (Real / Personal)$-10,901 / $0
Net gain from sales of assets other than inventory$236,484
Gross amount from sales of assets other than inventory (Securities / Other)$236,484 / $0
Less: cost or other basis and sales expenses (Securities / Other)$0 / $0
Gain or (loss) (Securities / Other)$236,484 / $0
Net loss from fundraising events$-15,481
Gross income from fundraising events$47,548
Less: direct expenses$63,029
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$342,587
Statement of Functional Expenses (for 2012)
Total functional expenses$4,328,225
Compensation of current officers, directors, trustees, and key employees$248,708
Other salaries and wages$367,523
Payroll taxes$34,018
Professional fundraising services$0
Other$3,677,976
Balance Sheet (for 2012)
Total assets$71,591,549
Total liabilities$9,049,022
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$9,049,022
Total net assets or fund balances$62,542,527
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$4,382,631$211,398$226,865
Gross receipts or sales less returns and allowances$214,864$0$0
Cost of goods sold$0$0$0
Gross profit$2,148,641$0$214,864
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$2,233,991$211,398$12,001
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$483,344
Compensation of officers, directors, and trustees$0
Salaries and wages$12,099
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$85,987
Charitable contributions$0
Depreciation$81,370
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$3,081
Excess exempt expenses$0
Excess readership costs$0
Other deductions$300,807
Unrelated business taxable income$-256,479
Unrelated business taxable income before net operating loss deduction$-256,479
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-256,479
Specific deduction$1,000
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Gore Place Society52 Gore St, Waltham, MA 02453-6866MA1946-10$8,600,637
2Foundation Of The American Academy Of Ophthalmology655 Beach St, San Francisco, CA 94109-1342CA1980-09$5,672,484
3Gunston Hall Regents Fund10709 Gunston Rd, Lorton, VA 22079-3901VA1983-06$2,205,494
4Hiram Township Historical Society IncPo Box 1775, Hiram, OH 44234OH1973-11$77,224
5Lahaina Restoration Foundation120 Dickenson St, Lahaina, HI 96761-1224HI1964-11$1,439,957
6Amistad America Inc746 Chapel St Ste 300, New Haven, CT 06510-3102CT1998-08$1,290,674
7Madison Historical Society IncPO BOX 17, Madison, CT 06443-0017CT1962-12$1,119,063
8Military Vehicle Technology Foundation208 College St, Mountain View, CA 94040-1614CA1998-10$849,176
9Laura Ingalls Wilder Home Association3068 Highway A, Mansfield, MO 65704-8104MO1960-09$660,989
10Monroe County Heritage Museum IncP O Box 1637, Monroeville, AL 36461AL1998-04$625,417
11Poplar Grove Foundation Inc10200 Us Highway 17, Wilmington, NC 28411-6854NC1996-02$588,499
12Asian American Writers Workshop Inc16 W 32nd St Ste 10a, New York, NY 10001-3814NY1993-08$533,906
13Historical And Cultural Society Of Clay County202 1st Ave N, Moorhead, MN 56560-1985MN1956-03$504,417
14Early Music America Inc801 Vinial St Ste 300, Pittsburgh, PA 15212-5177PA1988-08$438,056
15Golden Ball Tavern TrustPO BOX 223, Weston, MA 02493-0001MA1965-02$404,308
16Hearst Castle Preservation FoundationPO BOX 192955, San Francisco, CA 94119-2955CA1992-07$236,182
17Grand Traverse Lighthouse MuseumPO BOX 43, Northport, MI 49670-0043MI1987-01$228,631
18Lea County Museum Inc103 S Love St, Lovington, NM 88260-4218NM1998-02$170,944
19Beavertail Lighthouse Museum AssnPO BOX 83, Jamestown, RI 02835-0083RI1994-06$156,743
20Berlin Airlift Historical FoundationPO BOX 782, Farmingdale, NJ 07727-0782NJ1991-12$149,115
21Pikes Peak Historical Society Inc18033 Teller County Rd 1, Florissant, CO 80816CO1995-09$134,802
22Fullhart-Carnegie Museum Trust, Hometown Perry IowaPO BOX 19599, Irvine, CA 92623-9599CA1996-07$125,054
23King-Tisdell Cottage Fdn Inc502 E Harris St, Savannah, GA 31401-4622GA1985-11$118,557
24Mendota Museum & Historical Society, C-O Horace D HumePO BOX 433, Mendota, IL 61342-0433IL1993-10$110,446
25Attleboro Area Industrial Museum Inc42 Union Street, Attleboro, MA 02703-2948MA1976-09$104,818
26American Society Of Military History Inc1918 Rosemead Blvd, El Monte, CA 91733-2948CA1965-01$72,767
27American Victorian MuseumPO BOX 328, Nevada City, CA 95959-0328CA1973-08$20,481
28Golden State Model Railroad MuseumPo Box 71244, Point Richmond, CA 94807-1244CA1986-01$0
29Kelly-Griggs House Museum AssociationP O Box 9082, Red Bluff, CA 96080CA1965-12$0
30Long Beach Police Department Historical Society2865 Temple Ave Long Beach Ca 90755, Long Beach, CA 90806CA1998-01$0
Number of organizations performing similar types of work
Alaska1
Alabama4
Arkansas3
Arizona5
California15
Colorado3
Connecticut3
District of Columbia1
Florida10
Georgia5
Hawaii1
Iowa2
Idaho1
Illinois7
Indiana10
Kansas2
Louisiana2
Massachusetts4
Maryland1
Maine4
Michigan12
Minnesota2
Missouri7
Mississippi1
Montana3
North Carolina6
Nebraska4
New Hampshire1
New Jersey1
New Mexico1
New York6
Ohio12
Oklahoma5
Oregon1
Pennsylvania8
Rhode Island1
Tennessee2
Texas10
Utah2
Virginia8
Vermont2
Washington2
Wisconsin5
West Virginia2
Total188

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