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Nonprofit · EIN 94-2682387

FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY

Tax-exempt · SAN FRANCISCO, CA 94109

Financials

$12.8M$15.4M2022$10.9M$16.3M2023$14.9M$17.3M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$14,883,186$17,319,129-$2,435,943$182,399,273$46,633,598$135,765,675
March 31, 2024990$10,929,128$16,315,413-$5,386,285$187,732,204$49,425,532$138,306,672
March 31, 2023990$12,756,911$15,388,492-$2,631,581$170,564,816$45,997,737$124,567,079
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$5,147,862
Program service revenue
$1,831,398
Investment income
$7,921,387
Net rental income
-$109,987
Net gain from sales of assets
$2,604,999
Net income from fundraising events
-$32,124
Other revenue
-$17,461

Expenses

Grants and similar amounts paid
$12,114,730
Compensation of officers, directors and key employees
$305,001
Other salaries and wages
$582,409
Salaries, compensation and benefits (total)
$1,084,588
Professional fundraising fees
$0
Legal fees
$10,429
Occupancy
$972,176
Travel
$50,472
Depreciation
$721,819
Program services (functional)
$12,937,324
Management and general (functional)
$3,313,131
Fundraising (functional)
$1,068,674

Balance sheet and other

Total assets, start of year
$187,732,204
Total assets, end of year
$182,399,273
Total liabilities, end of year
$46,633,598
Net assets, end of year
$135,765,675
Land, buildings and equipment
$12,532,905
Publicly traded securities
$142,547,766
Net assets without donor restrictions
$96,965,457
Net assets with donor restrictions
$38,800,218
Gross unrelated business income
$124,650
Gross receipts
$207,787,329
Employees
4
Volunteers
3,000
Year formed
1980
State of legal domicile
CA

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 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEPHEN D MCLEOD MDSECRETARY / CEO OF AAO
Trustee or director, Officer
8$0$1,122,500$108,554
LAWRENCE MENDENHALLCOO / CFO / CHIEF LEGAL & RISK OFF
Officer
6$0$594,354$106,379
TINA MCGOVERNEXECUTIVE DIRECTOR
Officer
40$259,399$0$45,602
TODD LYCKBERGDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$172,038$0$45,319
JANE C EDMOND MDCHAIR (2024) / DIRECTOR (2025)
Trustee or director, Officer
1$0$85,000$0
MICHAEL X REPKA MD MBAVICE CHAIR (2024) / CHAIR (2025)
Trustee or director, Officer
1$0$30,000$0
CHRISTOPHER J RAPUANO MDDIRECTOR (2024) / VICE CHAIR (2025)
Trustee or director, Officer
1$0$25,000$0
RAVI D GOEL MDDIRECTOR
Trustee or director
1$0$25,000$0
BENNIE H JENG MDDIRECTOR
Trustee or director
1$0$25,000$0
GEORGE A WILLIAMS MDDIRECTOR
Trustee or director
1$0$25,000$0
J TIMOTHY STOUT MD PHD MBADIRECTOR (START 1/2025)
Trustee or director
1$0$18,500$0
DAVID C HERMAN MDDIRECTOR
Trustee or director
1$0$17,500$0
REZA ZADNO PHDDIRECTOR
Trustee or director
1$0$17,500$0
PREM S SUBRAMANIAN MD PHDDIRECTOR
Trustee or director
1$0$15,000$0
LAURA K GREEN MDDIRECTOR
Trustee or director
1$0$10,000$0
16 more people on this return
NameTitleHours / weekCompensationFrom related orgs
LEE A SNYDER MDDIRECTOR
Trustee or director
1$0$10,000
DUPE S ADEMOLA-POPOOLA MBBSDIRECTOR
Trustee or director
1$0$0
IQBAL K AHMED MDDIRECTOR (THROUGH 12/2024)
Trustee or director
1$0$0
DANIEL J BRICELAND MDDIRECTOR (THROUGH 12/2024)
Trustee or director
1$0$0
ZELIA M CORREA MD PHDDIRECTOR (START 1/2025)
Trustee or director
1$0$0
ANNA LUISA DI LORENZO MDDIRECTOR (THROUGH 12/2024)
Trustee or director
1$0$0
LISA DIANE KELLY MDDIRECTOR
Trustee or director
1$0$0
JAMES A LAWRENCEDIRECTOR
Trustee or director
1$0$0
JEFF S MALTZMAN MDDIRECTOR (START 1/2025)
Trustee or director
1$0$0
PURNIMA S PATEL MDDIRECTOR
Trustee or director
1$0$0
PAISAN RUAMVIBOONSUK MDDIRECTOR (START 1/2025)
Trustee or director
1$0$0
ERIN SHRIVER MDDIRECTOR
Trustee or director
1$0$0
GREGORY L SKUTA MDDIRECTOR (THROUGH 12/2024)
Trustee or director
1$0$0
RUSSELL N VAN GELDER MD PHDDIRECTOR
Trustee or director
1$0$0
AARON P WEINGEIST MDDIRECTOR (THROUGH 12/2024)
Trustee or director
1$0$0
RUTH D WILLIAMS MDDIRECTOR (START 1/2025)
Trustee or director
1$0$0
990 for the year ended March 31, 2024: 33 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEPHEN D MCLEOD MDSECRETARY / CEO OF AAO
Trustee or director, Officer
8$0$1,073,298$125,586
LAWRENCE MENDENHALLCOO / CFO / CHIEF LEGAL & RISK OFFICER
Officer
6$0$567,851$99,219
TINA MCGOVERNEXECUTIVE DIRECTOR
Officer
40$249,156$0$42,320
TODD LYCKBERGDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$167,904$0$39,822
MAURICE BORDENDIRECTOR OF FACILITIES
Highest-paid employee
20$166,023$0$39,094
MICHAEL X REPKAVICE CHAIR (2024) / MED DIR GOVT AFFAIRS
Trustee or director, Officer
1$0$120,000$0
DAVID W PARKE II MDFORMER SECRETARY / CEO OF AAO
Former
0$0$107,458$6,298
DANIEL J BRICELAND MDCHAIR (2023) / DIRECTOR (2024)
Trustee or director, Officer
1$0$85,000$0
JANE C EDMOND MDVICE CHAIR (2023) / CHAIR (2024)
Trustee or director, Officer
1$0$30,000$0
RAVI D GOEL MDDIRECTOR
Trustee or director
1$0$25,000$0
BENNIE H JENG MDDIRECTOR
Trustee or director
1$0$25,000$0
CHRISTOPHER J RAPUANO MDDIRECTOR
Trustee or director
1$0$25,000$0
GEORGE A WILLIAMS MDDIRECTOR
Trustee or director
1$0$25,000$0
DAVID C HERMAN MDDIRECTOR
Trustee or director
1$0$17,500$0
THOMAS A GRAUL MDDIRECTOR THROUGH 12/2023
Trustee or director
1$0$15,000$0
LAURA K GREEN MDDIRECTOR START 1/2024
Trustee or director
1$0$10,000$0
PREM S SUBRAMANIAN MD PHDDIRECTOR
Trustee or director
1$0$10,000$0
DUPE S ADEMOLA-POPOOLA MBBSDIRECTOR START 1/2024
Trustee or director
1$0$0$0
IQBAL K AHMED MDDIRECTOR
Trustee or director
1$0$0$0
ALISON BLAKE MBBCH MDDIRECTOR THROUGH 12/2023
Trustee or director
1$0$0$0
MARY LOUISE Z COLLINS MDDIRECTOR THROUGH 12/2023
Trustee or director
1$0$0$0
ANNA LUISA DI LORENZO MDDIRECTOR
Trustee or director
1$0$0$0
LISA DIANE KELLY MDDIRECTOR
Trustee or director
1$0$0$0
JAMES A LAWRENCEDIRECTOR
Trustee or director
1$0$0$0
PURNIMA S PATEL MDDIRECTOR
Trustee or director
1$0$0$0
RON W PELTON MD PHDDIRECTOR THROUGH 12/2023
Trustee or director
1$0$0$0
ERIN SHRIVER MDDIRECTOR START 1/2024
Trustee or director
1$0$0$0
GREGORY L SKUTA MDDIRECTOR
Trustee or director
1$0$0$0
LEE A SNYDER MDDIRECTOR START 1/2024
Trustee or director
1$0$0$0
RUSSELL N VAN GELDER MD PHDDIRECTOR
Trustee or director
1$0$0$0
AARON P WEINGEIST MDDIRECTOR
Trustee or director
1$0$0$0
ROBERT E WIGGINS JR MD MBADIRETOR THROUGH 12/2023
Trustee or director
1$0$0$0
REZA ZADNO PHDDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended March 31, 2023: 30 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
STEPHEN D MCLEOD MDSECRETARY / CEO OF AAO
Trustee or director, Officer
8$0$798,155$86,498
LAWRENCE MENDENHALLCOO / CFO / SENIOR LEGAL COUNSEL
Officer
6$0$566,373$91,307
TINA MCGOVERNEXECUTIVE DIRECTOR
Officer
40$227,250$0$45,795
MAURICE BORDENDIRECTOR OF FACILITIES
Highest-paid employee
20$169,712$0$41,778
TODD LYCKBERGDIRECTOR OF DEVELOPMENT
Highest-paid employee
40$151,996$0$52,694
ROBERT E WIGGINS JR MD MHACHAIR (2022) / DIRECTOR (2023)
Trustee or director, Officer
1$0$85,000$0
DANIEL J BRICELAND MDVICE CHAIR (2022) / CHAIR (2023)
Trustee or director, Officer
1$0$30,000$0
MARIA M AARON MDDIRECTOR THROUGH 12/2022
Trustee or director
1$0$25,000$0
RAVI D GOEL MDDIRECTOR
Trustee or director
1$0$25,000$0
CHRISTOPHER J RAPUANO MDDIRECTOR
Trustee or director
1$0$25,000$0
GEORGE A WILLIAMS MDDIRECTOR
Trustee or director
1$0$25,000$0
PURNIMA S PATEL MDDIRECTOR
Trustee or director
1$0$18,500$0
PAUL B GINSBURG PHDDIRECTOR THROUGH 12/2022
Trustee or director
1$0$17,500$0
DAVID C HERMAN MDDIRECTOR
Trustee or director
1$0$17,500$0
THOMAS A GRAUL MDDIRECTOR
Trustee or director
1$0$15,000$0
BENNIE H JENG MDDIRECTOR START 1/2023
Trustee or director
1$0$15,000$0
PREM S SUBRAMANIAN MD PHDDIRECTOR
Trustee or director
1$0$10,000$0
JANE C EDMOND MDVICE CHAIR (2023)
Trustee or director, Officer
1$0$0$0
IQBAL K AHMED MDDIRECTOR
Trustee or director
1$0$0$0
ALISON BLAKE MBBCH MDDIRECTOR
Trustee or director
1$0$0$0
MARY LOUISE Z COLLINS MDDIRECTOR
Trustee or director
1$0$0$0
ANNA LUISA DI LORENZO MDDIRECTOR
Trustee or director
1$0$0$0
LISA DIANE KELLY MDDIRECTOR START 1/2023
Trustee or director
1$0$0$0
JUDY E KIM MDDIRECTOR THROUGH 12/2022
Trustee or director
1$0$0$0
JAMES A LAWRENCEDIRECTOR
Trustee or director
1$0$0$0
RON W PELTON MD PHDDIRECTOR
Trustee or director
1$0$0$0
GREGORY L SKUTA MDDIRECTOR
Trustee or director
1$0$0$0
RUSSELL N VAN GELDER MD PHDDIRECTOR
Trustee or director
1$0$0$0
AARON P WEINGEIST MDDIRECTOR
Trustee or director
1$0$0$0
REZA ZADNO PHDDIRECTOR START 1/2023
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
655 BEACH STREET, SAN FRANCISCO, CA 94109-1342
In care of
% KATHERINE SALAZAR-POSS
Principal officer (990 for 2024)
TINA MCGOVERN, 655 BEACH STREET, SAN FRANCISCO, CA 94109
Signed the 990
LAWRENCE MENDENHALL, COO, CFO, & CLRO
Phone
(415) 447-0386
Return prepared by
BAKER TILLY ADVISORY GROUP LP

California records

California keeps its own records of charities and corporations. Search them by EIN 94-2682387 or by the name FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE MISSION OF THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY (FAAO) IS TO ADVANCE THE AMERICAN ACADEMY OF OPHTHALMOLOGY'S (AAO) PRIORITY PROGRAMS IN CLINICAL EDUCATION, QUALITY AND DATA SCIENCE, AND PUBLIC SERVICE.

990 for the year ended March 31, 2025

Program accomplishments

  • GRANTS TO AAO TO SUPPORT "ADVANCING LIFELONG OPHTHALMIC EDUCATION": MEDICAL KNOWLEDGE AND THE PACE OF SURGICAL AND THERAPEUTIC INNOVATION IS GROWING RAPIDLY, AS IS AN INCREASED EMPHASIS ON PATIENT OUTCOMES AND VALUE-BASED CARE. FAAO SUPPORTS AAO PROGRAMS THAT SPEED THE TRANSFER OF OPHTHALMIC KNOWLEDGE AND INNOVATION TO OPHTHALMOLOGISTS WORLDWIDE. BY RAISING PHILANTHROPIC GIFTS GLOBALLY AND MANAGING ITS INVESTABLE ASSETS, FAAO PROVIDES GRANTS TO AAO PROGRAMS IN OPHTHALMIC EDUCATION AND QUALITY OF CARE, INCLUDING THE ONE NETWORK, IRIS REGISTRY, R&D FOR PRODUCTS AND SERVICES, AND INTERNATIONAL OUTREACH IN DEVELOPING COUNTRIES.
    Expenses $5,289,734 · grants $5,268,383
  • GRANTS TO AAO TO SUPPORT "PUBLIC SERVICE": ONE IN SIX PEOPLE AGED 65 AND OLDER HAS VISION IMPAIRMENT THAT CANNOT BE CORRECTED WITH GLASSES. THIS IS OFTEN CAUSED BY COMMON EYE CONDITIONS AND DISEASES DETECTED BY EYE EXAMS. MANY PEOPLE OFTEN DELAY GETTING CARE THAT COULD SAVE THEIR SIGHT BECAUSE THEY CANNOT AFFORD IT. EYECARE AMERICA, THROUGH ITS 3,000 VOLUNTEER OPHTHALMOLOGISTS, REMOVES THIS BARRIER BY PROVIDING CARE AT NO OUT-OF-POCKET COST TO PATIENTS. EYECARE AMERICA ALSO RAISES AWARENESS ABOUT EYE DISEASE AND PROVIDES FREE EYE HEALTH INFORMATION. IN FISCAL YEAR 2024-2025, EYECARE AMERICA REFERRED 11,215 INDIVIDUALS NATIONWIDE FOR CARE. IN ADDITION TO EYECARE AMERICA, FAAO SUPPORTS THE MUSEUM OF VISION, WHICH PRESERVES THE HISTORY OF MEDICINE, AND TRANSLATES IT INTO EDUCATIONAL RESOURCES FOR USE BY AAO'S MEMBERS, MEDICAL HISTORIANS, RESEARCHERS, AND THE PUBLIC AS THEY SEEK TO UNDERSTAND OPHTHALMOLOGY'S CONTRIBUTIONS TO SOCIETY, LEARN MORE ABOUT THE EYE AND THE SCIENCE OF VISION, AND TO ADDRESS SIMILAR OPHTHALMIC CHALLENGES TODAY AND IN THE FUTURE. IN FISCAL YEAR 2024-2025, THE MUSEUM OF VISION PROVIDED THESE RESOURCES TO 122,155 INDIVIDUALS.
    Expenses $2,142,561 · grants $1,341,318
  • GRANTS TO AAO TO SUPPORT "QUALITY AND DATA SCIENCE": FAAO PROVIDES SUPPORT TO THE H. DUNBAR HOSKINS JR., M.D. CENTER FOR QUALITY EYE CARE, WHICH WAS ESTABLISHED AS A QUALITY OF CARE AND HEALTH POLICY RESEARCH CENTER THAT ADVANCES THE ACCESSIBILITY TO AND APPROPRIATENESS OF EYE CARE SERVICES. THE WORK OF THE HOSKINS CENTER ENSURES THAT PATIENTS CONTINUE TO RECEIVE HIGH QUALITY, EVIDENCE-BASED EYE CARE WITHIN A TIGHTENING ECONOMIC ENVIRONMENT THAT WILL DEMAND INCREASED VALUE FOR ANY SERVICES PROVIDED. ALTHOUGH EXTENSIVE IN SCOPE, THE HOSKINS CENTER IS ORGANIZED INTO FOUR MAIN PROGRAMMATIC AREAS: (I) EVIDENCED-BASED EYE CARE: PRODUCES GUIDANCE FOR EYE CARE PROVIDERS AND DEVELOPS PERFORMANCE-IN-PRACTICE EVALUATION TOOLS; (II) VALUE-BASED DELIVERY OF EYE CARE: IDENTIFIES AND ASSESSES VALUE-BASED EYE CARE PRACTICE MODELS FOR A VARIETY OF SETTINGS AND EXAMINES THE PUBLIC HEALTH NEEDS FOR QUALITY OF EYE CARE; (III) MEDICAL INFORMATION TECHNOLOGY STANDARDS: CREATES STANDARDIZED TERMINOLOGY, IMAGING AND EHR STANDARDS, AND MODELS FOR INTEGRATING E-PRESCRIBING AND TECHNOLOGY IN PRACTICE; AND (IV) FELLOWSHIPS AND GRANTS FUNDING: EXTENDS THE REACH AND SCOPE OF THE HOSKINS CENTER IN EMERGING OR UNDERSTUDIED EYE CARE AREAS BY FUNDING THE RESEARCH OF OUTSIDE INVESTIGATORS AND ORGANIZATIONS.
    Expenses $1,326,500 · grants $1,326,500
  • OTHER PROGRAM SERVICES INCLUDE OWING AND MAINTAINING PROPERTY, WHICH IS LEADED TO THE AMERICAN ACADEMY OF OPHTHALMOLOGY (FAAO'S SUPPORTED ORGANIZATION) FOR USE WITHIN ITS GENERAL OPERATIONS AS WELL AS GRANTS TO AAO FOR ADMINISTRATIVE PURPOSES.
    Expenses $4,178,529 · grants $4,178,529 · revenue $1,831,398

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
94-2682387
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1980
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$182,399,273
Income (IRS master file)
$207,787,329

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$14,883,186$17,319,129$182,399,273XML
990-TMarch 2025–––IRS
990March 2024$10,929,128$16,315,413$187,732,204XML
990-TMarch 2024–––IRS
990March 2023$12,756,911$15,388,492$170,564,816XML
990-TMarch 2023–––IRS
990March 2022$13,944,505$11,017,181$169,457,779IRS
990-TMarch 2022–––IRS
990March 2021–––IRS
990-TMarch 2021–––IRS
990March 2020–––IRS
990March 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 94-2682387).

Questions about FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY

What is the EIN of FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY?
The employer identification number (EIN) of FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY is 94-2682387.
Is FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY?
The 990 for the year ended March 31, 2025 names TINA MCGOVERN.
Who are the officers and directors of FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY?
The 990 for the year ended March 31, 2025 lists 31 people; 2 received compensation from the organization.
How much revenue does FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY have?
On its 990 for the year ended March 31, 2025 it reported revenue of $14,883,186, expenses of $17,319,129 and total assets of $182,399,273 at year end.

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