Nonprofit · EIN 23-7038515
CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION
Tax-exempt · CHATTANOOGA, TN 37450
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $2,321,153 | $299,706 | $2,021,447 | $5,585,199 | $28,762 | $5,556,437 |
| December 31, 2023 | 990-PF | $201,351 | $337,438 | -$136,087 | $3,534,990 | $0 | $3,534,990 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $128,581
- Interest
- $14
- Net gain from sales of assets
- $2,199,903
- Other income
- -$7,345
Expenses
- Grants and similar amounts paid
- $145,164
- Compensation of officers, directors and key employees
- $1,000
- Disbursements for charitable purposes
- $204,733
- Excise tax on investment income
- $31,335
Balance sheet and other
- Total assets, start of year
- $3,534,990
- Total assets, end of year
- $5,585,199
- Total liabilities, end of year
- $28,762
- Net assets, end of year
- $5,556,437
- Fair market value of assets
- $5,329,183
- Qualifying distributions
- $204,733
- Net investment income
- $2,317,942
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY R SEAL MD 22 SHOAL CREEK FALLS, SIGNAL MOUNTAIN, TN 37377 | FORMER PRESIDENT | 1 | $1,000 |
| DR STEVE M THOMAS 8 CARRIAGE HILL, SIGNAL MOUNTAIN, TN 37377 | PRESIDENT AND DIRECTOR | 1 | $0 |
| JAMES L CATANZARO 605 CHESTNUT STREET SUITE 1700, CHATTANOOGA, TN 37450 | SECRETARY/TREASURER | 1 | $0 |
| CHARLES A KIRBY MD 5715 CORNELISON ROAD 6600, CHATTANOOGA, TN 37411 | DIRECTOR | 0.25 | $0 |
| RICHARD I BREAZEALE MD 1605 WILLIAMS RD SUITE 201, HIXSON, TN 37343 | DIRECTOR | 0.25 | $0 |
| PATRICK J BOWERS JR MD 725 GLENWOOD DRIVE 892, CHATTANOOGA, TN 37404 | DIRECTOR | 0.25 | $0 |
| THOMAS M REYNOLDS MD 2158 NORTHGATE PARK LN STE 302, CHATTANOOGA, TN 37415 | DIRECTOR | 0.25 | $0 |
| JOHN CALEB HILDEBRAND MD 2158 NORTHGATE PARK LN STE 302, CHATTANOOGA, TN 37415 | DIRECTOR | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MOLLY R SEAL MD 22 SHOAL CREEK FALLS, SIGNAL MOUNTAIN, TN 37377 | FORMER PRESIDENT | 1 | $12,000 |
| DR STEVE M THOMAS 8 CARRIAGE HILL, SIGNAL MOUNTAIN, TN 37377 | DIRECTOR | 0.25 | $0 |
| JAMES L CATANZARO 605 CHESTNUT STREET SUITE 1700, CHATTANOOGA, TN 37450 | SECRETARY/TREASURER | 1 | $0 |
| CHARLES A KIRBY MD 5715 CORNELISON ROAD 6600, CHATTANOOGA, TN 37411 | DIRECTOR | 0.25 | $0 |
| RICHARD I BREAZEALE MD 1605 WILLIAMS RD SUITE 201, HIXSON, TN 37343 | DIRECTOR | 0.25 | $0 |
| PATRICK J BOWERS JR MD 725 GLENWOOD DRIVE 892, CHATTANOOGA, TN 37404 | DIRECTOR | 0.25 | $0 |
| THOMAS M REYNOLDS MD 2158 NORTHGATE PARK LN STE 302, CHATTANOOGA, TN 37415 | PRESIDENT AND DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 605 CHESTNUT ST STE 1700, CHATTANOOGA, TN 37450-0019
- In care of
- % DR MOLLY R SEAL
- Signed the 990-PF
- DR STEVE M THOMAS, PRESIDENT
- Phone
- (423) 309-1925
- Return prepared by
- JOHNSON MURPHEY & WRIGHT PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7038515
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B50)
- Assets (IRS master file)
- $5,585,199
- Income (IRS master file)
- $7,317,673
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $2,321,153 | $299,706 | $5,585,199 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $201,351 | $337,438 | $3,534,990 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7038515).
Questions about CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION
- What is the EIN of CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION?
- The employer identification number (EIN) of CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION is 23-7038515.
- Is CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $1,000 (MOLLY R SEAL MD, FORMER PRESIDENT).
- How much revenue does CHATTANOOGA OPHTHALMOLOGICAL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $2,321,153, expenses of $299,706 and total assets of $5,585,199 at year end.
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