2017-10-23T10:53:48-05:00 2017-03-31 910189318 Moss Adams LLP 101 Second Street Suite 900 San Francisco CA 94105 990 2016-04-01 411336784 American Academy of Ophthalmology AMER 4155618500 655 Beach Street San Francisco CA 94109 Jill Boyett CFO 4155618500 2017-10-12 1 Renie Burbank P00159653 4159561500 12.129.7.100 2017-10-12 13:12:14 PD P 9B589DF8CAC91EBD49B6CFB2BE63A5A0BB42B02C 9B589DF8CAC91EBD49B6CFB2BE63A5A0BB42B02C 2016 2021-01-29 14:40:06Z David W Parke II MD 655 Beach Street San Francisco CA 94109 63110189 0 X www.aao.org X 1979 CA AAO is the largest national membership organization for ophthalmologists. 22 13 182 825 2971883 339835 6384510 6696465 39361274 38957561 887168 801783 13408360 13802239 60041312 60258048 3221914 2638319 0 0 24531104 25690691 0 0 0 28762456 28289942 56515474 56618952 3525838 3639096 67774199 72256801 23376052 22505816 44398147 49750985 X The mission of the American Academy of Ophthalmology is to protect sight and empower lives by serving as an advocate for patients and the public, leading ophthalmic education, and advancing the profession of ophthalmology. 0 0 Schedule OTHE AMERICAN ACADEMY OF OPHTHALMOLOGY IS THE LARGEST TRADE ORGANIZATION IN THE WORLD FOR OPHTHALMOLOGISTS. WE ARE EYE PHYSICIANS AND SURGEONS, DEDICATED TO PROTECTING SIGHT AND EMPOWERING LIVES. AS THE LEADER IN OPHTHALMIC EDUCATION, THE ACADEMY OFFERS A WEALTH OF MATERIALS TO SUPPORT OUR PHYSICIANS IN EVERY ASPECT OF PRACTICE - INCLUDING THE ONLINE OPHTHALMIC NEWS AND EDUCATION (ONE) NETWORK, PRACTICE MANAGEMENT TOOLS, THE INNOVATIVE IRIS REGISTRY (INTELLIGENT RESEARCH IN SIGHT), AND EYE HEALTH RESOURCES FOR PATIENTS AND THE PUBLIC. WE PRODUCE THE LARGEST ANNUAL OPHTHALMIC CONVENTION IN THE WORLD, WHICH BRINGS TOGETHER AN AVERAGE OF 25,000 PHYSICIANS, TECHNICIANS, PRACTICE MANAGERS AND INDUSTRY PROFESSIONALS TO SHARE THE LATEST ADVANCES AND TECHNOLOGY IN OPHTHALMIC MEDICINE. WE RELENTLESSLY ADVOCATE FOR THE HIGHEST QUALITY EYE CARE, REPRESENTING OPHTHALMOLOGISTS AND THEIR PATIENTS BEFORE THE GOVERNMENT AND OTHER ORGANIZATIONS THAT INFLUENCE EYE CARE POLICY. 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 131 0 1 182 1 1 1 0 0 0 1 1 0 X 22 13 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MN X Jill Boyett 4155618500 655 Beach Street San Francisco CA 94109 Cynthia A Bradford MD Pres-Elect (2016), President 1.00 1.00 X X 30000 0 0 William L Rich III MD FACS President (2016), Past President 1.00 1.00 X X 272500 0 0 Maria M Aaron MD Secretary for Annual Meeting 1.00 1.00 X X 9000 0 0 Daniel J Briceland MD Sr Secretary for Advocacy 1.00 1.00 X X 22000 0 0 Louis B Cantor MD Sr Secretary for Clinical Educ. 1.00 1.00 X X 22000 0 0 Robert E Wiggins Jr MD MHA Sr Secretary for Ophthalmic Practice 1.00 1.00 X X 22000 0 0 George B Bartley MD Editor, Ophthalmology thru 12/2016 1.00 1.00 X X 112500 0 0 Jonathan B Rubenstein MD Secretary Annual Mtg thru 12/2016 1.00 1.00 X X 22000 0 0 Keith D Carter MD FACS President-Elect 1.00 1.00 X X 0 0 0 Stephen McLeod MD Editor, Ophthalmology 1.00 1.00 X X 0 0 0 Russell N Van Gelder MD PhD Past President thru 12/2016 1.00 1.00 X 0 0 0 Michael F Chiang MD Trustee-at-Large 1.00 1.00 X 0 0 0 Jan-Tjeerd H N de Faber MD International Trustee-at-large 1.00 1.00 X 0 0 0 Jane C Edmond MD Trustee-at-Large 1.00 1.00 X 0 0 0 Paul B Ginsburg PhD Public Trustee 1.00 1.00 X 17500 0 0 Sanjay D Goel MD Trustee-at-Large 1.00 1.00 X 0 0 0 Lynn K Gordon MD PhD Vice Chairperson, Counsel 1.00 1.00 X 0 0 0 Mathew W MacCumber MD PhD Chairman, Counsel 1.00 1.00 X 15000 0 0 Cynthia Maddox MD FACS Trustee-at-Large 1.00 1.00 X 0 0 0 William F Mieler MD Trustee-at-Large 1.00 1.00 X 0 0 0 Christie L Morse MD Chair, FAAO Advisory Board 1.00 1.00 X 0 0 0 Thomas A Oetting MD Trustee-at-Large thru 12/2016 1.00 1.00 X 0 0 0 Mildred MG Olivier MD Trustee-at-Large thru 12/2016 1.00 1.00 X 0 0 0 Andrew M Prince MD Trustee-at-Large 1.00 1.00 X 0 0 0 Humphrey JF Taylor Public Trustee 1.00 1.00 X 17500 0 0 Lihteh Wu MD International Trustee-at-large 1.00 1.00 X 0 0 0 David W Parke II MD Executive VP/CEO 32.00 8.00 X X 1015470 0 50817 Jill A Boyett VP/CFO 34.00 6.00 X 470905 0 35861 Dale Fajardo VP Education 40.00 0.00 X 348524 0 33225 Cathy Cohen VP Governmental Affairs 40.00 0.00 X 343984 0 49614 Debra Rosencrance VP Meetings & Exhibits 40.00 0.00 X 320258 0 37099 Jane Aguirre VP Membership & Alliances 40.00 0.00 X 313822 0 36515 Renaldo Juanso VP Comm & Mrkt'g 40.00 0.00 X 308808 0 35861 Joseph Carr VP Information Technology 40.00 0.00 X 307547 0 61548 Flora Lum VP Quality & Data Science 40.00 0.00 X 295694 0 38686 Robert Palmer Policy Director 40.00 0.00 X 210838 0 48530 Cherie McNett Director, Health Policy 40.00 0.00 X 185012 0 17440 Gail Schmidt Dir, Ophthalmic Society Relations 40.00 0.00 X 165799 0 21726 Sarah Wilson Dir, Continuing Prof'l Education 40.00 0.00 X 161020 0 39813 Brandi Brooks Director MArketing 40.00 0.00 X 159635 0 25548 5169316 0 532283 66 0 1 0 Metropolitan Pier and Exposition 301 East Cermak Road Chicago IL 60616 Annual Meeting Space Rental 3715590 Figmd Inc 2225 Greenbay Drive Hanover Park IL 60133 IRIS registry development 2618846 Freeman PO Box 650036 Dallas TX 75265 annual meeting logistics services 1901457 Freeman Audio Visual Inc PO Box 650519 Dallas TX 75265 Annual Meeting audio and visual services 1748147 Cataract Surgery Telling It Like It Is 1945 CEI Drive Cincinnati OH 45242 Conference Education Services 989532 46 5106093 1590372 6696465 Annual Meeting 900099 17586424 17586424 Membership Dues & Fees 900099 16871287 16871287 Courses/Seminar Fees 900099 2051497 2051497 AAOE & ISRS Fees 900099 1112835 1112835 Subscription/Journal revenue 900099 688499 688499 647019 647019 38957561 713043 713043 3328401 3328401 1931320 1842580 88740 88740 88740 7359058 1009561 6349497 6349497 Advertising 541800 2611043 669043 1942000 Job Placement Revenue 900099 898035 898035 Continued Education 900099 393511 393511 221752 131848 89904 4124341 60258048 46369612 2971883 4220088 X 2538319 100000 4616237 16552906 1386590 1707634 1427324 342337 87421 679780 133233 8198377 1658433 696476 105066 1993997 2295158 9979021 51085 782523 275944 Printing & Publications 1476111 Miscellaneous 411286 Dues & Subscriptions 378250 Unrelated Bus Inc Tax 180036 -1434592 56618952 2335404 772916 6581008 6420356 1100000 900000 971964 976848 1238401 1531445 9645724 7006831 3080482 2638893 21560477 26058491 500000 500000 30406463 32457852 67774199 72256801 5582721 5399325 16759569 16175743 1033762 930748 23376052 22505816 X 42791491 47485750 1606656 2265235 44398147 49750985 67774199 72256801 3639096 1713742 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 16871287 3505229 3505229 3626827 -121598 Part III-B THE ACADEMY WORKS TO EDUCATE OTHER HEALTH CARE PROVIDERS AND THE PUBLIC ABOUT EYE CARE AND REPRESENTS OPHTHALMOLOGISTS AND THEIR PATIENTS BEFORE THE GOVERNMENT AND OTHER ORGANIZATIONS THAT INFLUENCE THE PROVISION OF EYE CARE. 394773 154642 240131 5723681 3993481 1730200 3527270 2858708 668562 2638893 Due from Related Organizations 32440296 Deposits 17556 32457852 Retiree Health Insurance Benefits 509029 Capital Lease Obligations 421719 930748 X Part X, Line 2: AAO follows Financial Accounting Standards Board ("FASB") ASC Topic 740, Income Taxes, to account for uncertain tax positions. Managements has concluded that AAO has taken no uncertain tax positions that would require adjustment to the consolidated statements of financial position to comply with provisions of this guidance. 1 South America 0 0 Program related educational services, conference fee, education booth Education - Tradeshows 20000 Europe 0 0 Program related educational services, conference fee, education booth Education - Tradeshows 40000 South Asia 0 0 Program related educational services, conference fee, education booth Education - Tradeshows 15000 East Asia and the Pacific 0 0 Program related educational services, conference fee, education booth Education - Tradeshows 25000 0 0 0 0 0 0 100000 0 100000 South America tradeshow fees incl set-up & operate the booth, various ancillary exp 20000 electronic transfer FMV Europe (Including Iceland & Greenland) tradeshow fees incl set-up & operate the booth, various ancillary exp 40000 electronic transfer FMV South Asia tradeshow fees incl set-up & operate the booth, various ancillary exp 15000 electronic transfer FMV East Asia and the Pacific tradeshow fees incl set-up & operate the booth, various ancillary exp 25000 electronic transfer FMV 0 25 0 0 0 0 0 0 Part I, Line 2: Education tradeshows conducted in various locations. Attendance at the annual meeting and presentation of education is required. Funds are disbursed after the annual meeting. The amount of funds granted are used to attend and maintain a booth at tradeshows. The method used to account for expenditures was the accrual method. Part II, Line 1: Program related educational services at tradeshows in various locations. The grant funds are for tradeshow fees, fees to set-up and operate the booth and various ancillary expenditures. 1 The Foundation of the American Academy of Ophthalmology 655 Beach Street San Francisco CA 94105 942682387 501(c)(3) 2000000 General support Blinded Veterans Assocation 125 N West Street Alexandria VA 22314 530214281 501(c)(3) 16000 General support Alliance for Eye and Vision Research Inc 1801 Rockville Pike Suite 400 Rockville MD 20852 521846140 501(c)(3) 17213 General support Prevent Blindness America 211 West Wacker Drive Suite 1700 Chicago IL 60606 363667121 501(c)(3) 8350 General support North Carolina Society of Eye Physcians and Surgeons PO Box 27167 Raliegh NC 27611 581314518 501(c)(6) 45000 General support Goergia Society of Ophthalmology 2700 Cumberland Parkway SE 570 Atlanta GA 30339 581082376 501(c)(6) 33756 General support California Academy of Eye Physicians 425 Market Street 2275 San Franciaco CA 94105 941479836 501(c)(6) 112250 General support Massachusettes Society of Eye Physicians 1 Main Street Cambridge MA 02142 237208474 501(c)(6) 55000 General support West Virginia Academy of Eye Physicians PO Box 4569 Morgantown WV 26504 237101460 501(c)(6) 20000 General support Alaska Society of Eye Physicians 308 G Street Suite 307 Anchorage AK 995012150 267158629 501(c)(6) 7500 General support Oklahoma Society of Eye Physicians 401 W 15th Street Austin TX 78701 731329023 501(c)(6) 15000 General support Alabama Academy of Ophthalmology 2012 Seaton Park-Sturbridge Commons Montgomery AL 36116 630809050 501(c)(6) 12500 General support Florida Society of Ophthalmology 6816 South Point Parkway Suite 1000 Jacksonville FL 32216 591980531 501(c)(6) 45000 General support Mississippi Academy of Eye hysicians PO Box 217 Jackson MS 392050217 645023776 501(c)(6) 20000 General support Delaware Academy of Ophthalmology 900 Prides Crossing Newark DE 197136100 510193073 501(c)(6) 24000 General support NE Academy of Eye Physicians 233 S 13th Street Suite 1200 Lincoln NE 68502 470630498 501(c)(6) 45000 General support Iowa Academy of Ophthalmology PO Box 262 Grimes IA 50111 421345104 501(c)(6) 50000 General support 4 13 Schedule I, Part I, Line 2: Grant recipients are required to submit result reports annually, which include the use of funds. X X X X 1 1 X X X X 0 0 0 William L Rich III MD FACS President (2016), Past President 272500 0 0 0 0 0 0 0 0 0 272500 0 0 0 David W Parke II MD Executive VP/CEO 881804 0 114000 0 19666 0 26500 0 24317 0 1066287 0 0 0 Jill A Boyett VP/CFO 424625 0 45000 0 1280 0 26500 0 9361 0 506766 0 0 0 Dale Fajardo VP Education 311585 0 36000 0 939 0 26500 0 6725 0 381749 0 0 0 Cathy Cohen VP Governmental Affairs 305739 0 37000 0 1245 0 26500 0 23114 0 393598 0 0 0 Debra Rosencrance VP Meetings & Exhibits 275157 0 38000 0 7101 0 25776 0 11323 0 357357 0 0 0 Jane Aguirre VP Membership & Alliances 275592 0 37000 0 1230 0 26500 0 10015 0 350337 0 0 0 Renaldo Juanso VP Comm & Mrkt'g 271163 0 37000 0 645 0 26500 0 9361 0 344669 0 0 0 Joseph Carr VP Information Technology 269647 0 37000 0 900 0 26500 0 35048 0 369095 0 0 0 Flora Lum VP Quality & Data Science 259964 0 35000 0 730 0 25915 0 12771 0 334380 0 0 0 Robert Palmer Policy Director 201928 0 7700 0 1210 0 13482 0 35048 0 259368 0 0 0 Cherie McNett Director, Health Policy 175095 0 7700 0 2217 0 17440 0 0 0 202452 0 0 0 Gail Schmidt Dir, Ophthalmic Society Relations 152142 0 7700 0 5957 0 15001 0 6725 0 187525 0 0 0 Sarah Wilson Dir, Continuing Prof'l Education 150558 0 7850 0 2612 0 15496 0 24317 0 200833 0 0 0 Brandi Brooks Director MArketing 151360 0 8000 0 275 0 14917 0 10631 0 185183 0 0 0 Part I, Line 1a These benefits are provided to the CEO under terms of his contract and are included in Form W-2 as taxable compensation. David W Parke II MD Officer Home Loan X 1800000 900000 0 1 1 900000 Form 990, Part VI, Section A, line 2 Each of the following members of the Board of Trustees have a business relationship with one another: Robert E. Wiggins, Jr., MD; Daniel J. Briceland, MD; David W. Parke II, MD; and Gregory L. Skuta, MD. Form 990, Part VI, Section A, line 6 The American Academy of Ophthalmology is a membership organization with the following classes of membership: Active Fellows, Life Fellows, Honorary Fellows, Inactive Fellows, Active Osteopathic Fellows, Life Osteopathic Fellows, Inactive Osteopathic Fellows, Active Members, International Members, Associate Members, Industry Members, Life Members, Life International Members, Life Associate Members, Life Industry Members, Members in Training, International Members in Training, and Inactive Members. Form 990, Part VI, Section A, line 7a The only classes of membership entitled to vote on any matter or to attend any annual or special business meeting of the Academy, are Active Fellows, Active Osteopathic Fellows, Life Fellows, Life Osteopathic Fellows, Active Members, and Life Members. Only Active Fellows, Active Osteopathic Fellows, and Life Fellows are eligible for nomination, election, or appointment as an elected or appointed officer or as a Trustee-At-Large of the Academy or as the Chair or Vice Chair of the Council. Form 990, Part VI, Section A, line 7b THE ACADEMY PROVIDES NOTICE OF PROPOSED WORDING OF AMENDMENTS TO THE ARTICLES OF INCORPORATION, BYLAWS, CODE OF ETHICS, AND PROCEDURAL RULES (WHICH ARE ENDORSED BY THE BOARD OF TRUSTEES) TO ALL VOTING FELLOWS AND MEMBERS, WHICH ARE REQUIRED TO BE VOTED UPON ACCORDING TO THE BYLAWS. THE RESULTS OF VOTING ARE ANNOUNCED TO THE MEMBERS ON THE ACADEMY'S WEBSITE IN THE ACADEMY'S JOURNAL AND "EYENET". Form 990, Part VI, Section B, line 11b The Chief Financial Officer, the Director of Finance, and the Accounting Manager completely reviewed the Form 990 with the return preparers. The Form 990 was then reviewed by the Executive Vice President. The Form 990 was mailed at least one week prior to filing to each Member of the Board of Trustees, who were invited to ask questions. Form 990, Part VI, Section B, line 12c The AAO requires all Board Members to submit an annual Conflict of Interest Disclosure detailing potential conflicts. Upon identification of a potential conflict of interest, AAO seeks resolution of the conflict through a variety of methods including recusal from specific discussions, activities or votes, resignations, or by other means. Form 990, Part VI, Section B, line 15 The AAO Compensation Committee is made up of the President, President-Elect, Past President, and the most recent Past President no longer serving on the Board. The committee annually reviews the stipend and contract payments for all physician positions and uses comparative data from other medical specialty societies in their analysis. The committee is responsible for the initial contract negotiation with a new CEO/EVP with the advice and assistance of a professional compensation analyst who provides comparative data and consultation. Finally, the Compensation Committee ammually reviews the performance of the CEO/EVP to determine the annual performance bonus - which is limited to a maximum of 15% of his salary per the employment contract. Form 990, Part VI, Section C, line 19 The conflict of interest policy, bylaws, as well as other policy statements for academy leaders are available on our website. Consolidated audited financial statements are published every fall in the journal of ophthalmology and are available to the general public upon request. Form 990, Part IX, line 11g Contractual Services IRIS 3,247,746. Annual Meeting A.V. 1,714,167. Other Services 3,236,464. The Foundation of the American Academy of Ophthalmology 655 beach street san francisco CA 94109 942682387 Support charitable mission of the American Academy of Ophthalmology CA 501(c)(3) line 11, Type II American Academy of Ophthalmology 1 American Academy of Ophthalmology Charitable Educational & Scientific Fund 655 beach street san francisco CA 94109 411865087 Support charitable mission of the American Academy of Ophthalmology CA 501(c)(3) line 11, Type II American Academy of Ophthalmology 1 Academy Services Inc and Subsidiaries 655 Beach street San Francisco CA 94109 942960420 Management CA American Academy of Ophthalmology C 2130709 2424309 1.00000 1 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 The Foundation of the American Academy of Ophthalmology B 2000000 The Foundation of the American Academy of Ophthalmology C 5106093 The Foundation of the American Academy of Ophthalmology D 20321060 The Foundation of the American Academy of Ophthalmology K 1593815 The Foundation of the American Academy of Ophthalmology O 57969 Academy Services Inc and Subsidiaries D 12119236