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Nonprofit · EIN 23-7388748

AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION

Tax-exempt (reinstated) · FORT WORTH, TX 76107

Financials

$1.7M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$1,749,655$1,287,095$462,560$7,133,768$843,905$6,289,863
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$1,571,773
Program service revenue
$0
Investment income
$177,882
Net gain from sales of assets
$46
Other revenue
$0

Expenses

Grants and similar amounts paid
$405,976
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$75,817
Depreciation
$25,000
Program services (functional)
$583,598
Management and general (functional)
$698,431
Fundraising (functional)
$5,066

Balance sheet and other

Total assets, start of year
$6,033,424
Total assets, end of year
$7,133,768
Total liabilities, end of year
$843,905
Net assets, end of year
$6,289,863
Publicly traded securities
$6,942,134
Net assets without donor restrictions
$1,574,975
Net assets with donor restrictions
$4,714,888
Gross receipts
$1,753,809
Employees
0
Volunteers
25
Year formed
1984
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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
SUSAN MACDONALD MDCHAIRMAN
Trustee or director, Officer
2$0
DAVID F CHANG MDBOARD MEMBER
Trustee or director
2$0
ZAINA AL-MOHTASEB MDBOARD MEMBER
Trustee or director
2$0
ANDREW CHANGBOARD MEMBER
Trustee or director
2$0
MATT JENSEN MDBOARD MEMBER
Trustee or director, Officer
2$0
BRUCE MALLERBOARD MEMBER
Trustee or director, Officer
2$0
CATHLEEN MCCABE MDBOARD MEMBER
Trustee or director
2$0
FRANCIS MAH MDBOARD MEMBER
Trustee or director
2$0
MATT OLIVA MDBOARD MEMBER
Trustee or director
2$0
STAN PLETCHER MDBOARD MEMBER
Trustee or director
2$0
AUDREY ROSTOV MDBOARD MEMBER
Trustee or director
2$0
ABIGAIL MARKWARDPRINCIPAL OF
Trustee or director, Officer
2$0
STEPHEN H SPEARESEXECUTIVE DI
Officer
2$0

Address and contacts

Address (IRS master file)
1751 RIVER RUN STE 200 PMB 17013048, FORT WORTH, TX 76107-6670
Principal officer (990 for 2024)
ABIGAIL MARKWARD, 1751 RIVER RUN, SUITE 200 PMB 17013048, FORT WORTH, TX 76107
Signed the 990
STEPHEN H SPEARES, EXECUTIVE DIRECTOR
Phone
(703) 591-2220
Return prepared by
WHITSELL AND COMPANY PC

Mission

THE ASCRS FOUNATION IS A 501(C)(3) ORGANIZATION THAT SUPPORTS PHYSICIAN EDUCATION AND PROVIDES HUMANITARIAN CATARACT SURGERY IN THE U.S. AND ABROAD. THROUGH ITS PROGRAMS AND PARTNERSHIPS THE FOUNDATION WORKS TO MAXIMIZE THE BENEFITS OF MODERN OPHTHALMOLOGY.

990 for the year ended August 31, 2025

Program accomplishments

  • CHARITABLE/HUMANITARIAN EYE CARE: SUPPORT FOUNDATION SPONSORED CHARITABLE AND HUMANITARIAN EYE CARE EFFORTS IN THE U.S. AND IN THE DEVELOPING WORLD. THE ASCRS FOUNDATION PROVIDES PHYSICIAN EDUCATION BOTH IN THE UNITED STATES AND INTERNATIONALLY. IN THE U.S., THE FOUNDATION HELPS TO SUPPORT THE DEVELOPMENT AND DELIVERY OF EDUCATION PROGRAM CONTENT AT THE ASCRS ANNUAL MEETING, WHILE OVERSEAS THE FOUNDATION SUPPORTS WETLAB TRAINING AND BOARD REVIEW COURSES FOR ETHIOPIA'S 5 RESIDENCY TRAINING PROGRAMS.
    Expenses $553,598 · grants $375,976
  • RESIDENT EXCELLENCE AWARDS; TRADITIONALLY PROVIDES TEN 1,000 AWARDS ANNUALLY TO ENABLE OPHTHALMOLOGY RESIDENTS EXHIBITING EXEMPLARY PERFORMANCE TO ATTEND THE ASCRS ANNUAL MEETING. THE AWARDS ARE MADE FOLLOWING A COMPETETIVE APPLICATION PROCESS. THE CATEGORIES FOR CONSIDERATION INCLUDE RESEARCH,PATIENT CARE, LEADERSHIP, AND EDUCATION.
    Expenses $10,000 · grants $10,000
  • YOUNG EYE SURGEONS INTERNATIONAL SERVICE GRANTS: THESE GRANTS ARE INTENDED TO INSPIRE YOUNG EYE SURGEONS TO BECOME INVOLVED WITH GLOBAL EYE CARE ON A LONG-TERM BASIS AND AFFORDS THE OPPORTUNITY FOR THE GRANTEE TO PARTICIPATE IN HEALTH CARE SYSTEMS, INCLUDING TEACHING INSTITUTIONS AND COMMUNITY PROGRAMS, IN DEVELOPING COUNTRIES. THE GRANTS PROVIDE FUNDING FOR GRANTEES TO INITIATE A GLOBAL SERVICE PROJECT, INCLUDING THE DEVELOPMENT OF A CUSTOMIZED INTERNATIONAL VOLUNTEER PLAN PROVIDING THE OPPORTUNITY FOR A YOUNG EYE SURGEON TO LEARN FIRST-HAND THE INTRICACIES BEHIND GLOBAL EYECARE EFFORTS.
    Expenses $20,000 · grants $20,000

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025Check at the IRS

IRS record

EIN
23-7388748
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$7,133,768
Income (IRS master file)
$1,753,809

Revocation and reinstatement

Exemption revoked
January 15, 2025
Posted by the IRS
April 14, 2025
Reinstated
Effective January 15, 2025

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$1,749,655$1,287,095$7,133,768XML
990August 2021–––IRS
990August 2020–––IRS
990August 2018–––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 23-7388748).

Questions about AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION

What is the EIN of AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION?
The employer identification number (EIN) of AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION is 23-7388748.
Is AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on January 15, 2025 and reinstated it effective January 15, 2025.
Are donations to AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION 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 AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION?
The 990 for the year ended August 31, 2025 names ABIGAIL MARKWARD.
Who are the officers and directors of AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION?
The 990 for the year ended August 31, 2025 lists 13 people; 0 received compensation from the organization.
How much revenue does AMERICAN SOCIETY OF CATARACT AND REFRACTIVE SURGERY FOUNDATION have?
On its 990 for the year ended August 31, 2025 it reported revenue of $1,749,655, expenses of $1,287,095 and total assets of $7,133,768 at year end.

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