irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $209KRESEARCH & CAMPUS SUPPORT THROUGH A DONOR-DIRECTED ENDOWMENT, THE FOUNDATION SUPPORTS VISION RESEARCH PRIMARILY CONDUCTED AT THE COLLEGE INCLUDING EXPOSURE TO RELEVANT RESEARCH SCIENTISTS AND PROJECTS, START-UP OR SEED FUNDING FOR SMALL RESEARCH PROJECTS, AND HELPS ENSURE SHARED EQUIPMENT AND OTHER RESOURCES NEEDED FOR A ROBUST RESEARCH ENTERPRISE. THE REMAINING FUNDS PROVIDE GENERALIZED SUPPORT TO THE CAMPUS-COMMUNITY RANGING FROM PROFESSIONAL DEVELOPMENT PROGRAMS TO KEY ACTIVITIES THAT CREATE THE LEARNING AND TEACHING ENVIRONMENT NEEDED FOR A TOP-TIER OPTOMETRY SCHOOL.
- #2 $202KCLINICAL SUPPORT WE PROVIDE THE RESOURCES NEEDED IN THE UNIVERSITY EYE CENTER TO PROVIDE FREE AND LOW-COST EYE CARE TO THOSE IN NEED AS WELL AS EQUIPMENT, PROFESSIONAL DEVELOPMENT, AND TRAINING SERVICES TO ENSURE TOP QUALITY CARE. ON AVERAGE 1,400 TO 1,600 VISITS REQUIRE CHARITABLE ASSISTANCE TO ACCESS AND RECEIVE THE CARE THEY NEED.
named programs · 4 · from sources
What they call their work
Clinical Support
Supports the University Eye Center by funding free and low-cost eye care services; enables charitable assistance for 1,400–1,600 patient visits annually.
International Programs
Administers global partnerships for educational programs, externships, and research collaborations to enhance the College’s academic and clinical offerings.
Research & Campus Support
Funds vision research through seed grants, colloquia series, and shared research equipment; supports professional development and institutional activities at the College.
Student Support
Provides scholarships to academically meritorious and financially needy optometry students; approximately 100 students receive awards annually, supported by endowed and current-use funds.
activities · 3 groups
What they do
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Vision Research Funding 2 activities
- Funding free and low-cost eye care servicesSupports charitable patient care at the University Eye Center, enabling 1,400 to 1,600 free or low-cost patient visits annually.
- Funding vision research at SUNY College of OptometryProvides seed funding for small research projects, supports a colloquia series with research scientists, and funds shared research equipment to advance vision research at SUNY College of Optometry.
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International Student Recruitment & Academic Partnerships 1 activity
- Administering international academic and clinical programsRuns international programs involving educational partnerships, student externships, and research collaborations to strengthen the college’s academic and clinical training offerings.
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Financial Aid and Scholarship Access Programs 1 activity
- Providing student scholarships and supportOffers scholarships to approximately 100 students annually based on academic merit and financial need, and supports student-led activities and programs through the Student Affairs Office.
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financials · form 990 · fy2024
revenue
Total revenue$1.67M
Contributions & grants$1.07M64%
Program service revenue$113K7%
Investment income$487K29%
Other revenue$0
expenses
Total expenses$1.70M
Program expenses67%
Admin / overhead27%
Fundraising6%
Salaries & benefits$0
Grants paid out$701K
Largest expense lineProfessional Fees
balance sheet
Total assets$15.16M
Cash$159K
Investments$14.69M
Liabilities$152K
Net assets$15.01M
Liquid reserves104.8 mo
5 years on record · 2020–2024 · YoY revenue +18.9%
leadership · form 990 part vii · fy2024
Who runs it
board members · 16
- ARAVELLA SIMOTAS — TRUSTEE
- CHRISTOPHER QUINN OD — TRUSTEE
- DAVID TROILO — TRUSTEE
- DENNIS P GEHR — TREASURER
- HAROLD WILSHINSKY — TRUSTEE
- JASON ECKERT — TRUSTEE
- JERRY WARNER — TRUSTEE
- KEVIN GIOIA MD — TRUSTEE
- MARGE AXELRAD — TRUSTEE
- MARK FEDER OD — TRUSTEE
- MARY BOTELHO OD — TRUSTEE
- RICHARD FEINBLOOM — IMMEDIATE PAST PRESIDENT
- RICHARD SODEN OD — PRESIDENT
- RONALD MILLMAN OD — TRUSTEE
- THOMAS FARRELL — VICE PRESIDENT
- WILLIAM MORAN — TRUSTEE
relationships · 1
Who they work with
- SUNY College of Optometry Partner — Primary institutional partner; foundation supports its education, research, and clinical programs.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Research Capacity Building via Seed Funding and Shared Infrastructuremethodology: research_capacity_buildingBy providing seed funding and shared research infrastructure, we strengthen optometric research capacity, because early-stage financial support and accessible facilities enable faculty and students to launch and sustain innovative projects.
- Scholarship-Based Recruitment for Diverse Talentmethodology: scholarship_based_recruitmentBy offering merit- and need-based scholarships, we attract a diverse cohort of high-achieving students into optometry, because financial accessibility and recognition of achievement reduce barriers to entry and increase profession-wide diversity.