Herman Knapp Testamonial Fund

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

The Fund is organized to support the purposes and functions of the american ophthalmological society by: raising the standards of medical care of the ocular sick by promoting and advancing the art and science of ophthalmology; advancing the art and practice of ophthalmic teaching; promoting and supporting advanced study and research in the fields of ocular and related diseases; and by providing for prizes and medals to persons excelling in one or more of such endeavors.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-6042338) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $303K a year · 71% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
61% of spending went to programs.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 7 voting members
6 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$481K
+20% vs prior year
Spent
$96K
To programs
61%
Net assets
$10.9M
By yearFY2020–FY2024
Revenue
$481K
FY2024▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$445K
FY2021$548K
FY2022$276K
FY2023$399K
FY2024$481K
Expenses
$96K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$46K
FY2022$353K
FY2023$102K
FY2024$96K
Net assets
$10.9M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.1M
FY2021$11.0M
FY2022$9.1M
FY2023$10.2M
FY2024$10.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1944.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $59K Management & general 39% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary / Treasurer
$0Pt VII · Sec A
President Through 5/2024
$0Pt VII · Sec A
President Start 5/2024
$0Pt VII · Sec A
Trustee Start 5/2024
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee Through 5/2024
$0Pt VII · Sec A
$0Pt VII · Sec A
See Herman Knapp Testamonial Fund executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advances eye care and research through education, prizes, and supporting ophthalmic science.

Questions for Herman Knapp Testamonial Fund

Tap to ask. Herman Knapp Testamonial Fund sees how many people are interested.

Your first name shows with your question. Herman Knapp Testamonial Fund answers here, for everyone.

3 programs · $59K · in their own filed words · FY2024
01

The herman knapp fund supports the american ophthalmological society through the support of scientific and educational symposia and honorary lectures presented at the annual meeting.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-6042338) · Dispute this line
$29Kprogram expense
02

The herman knapp fund provides support for the resident retreat of the heed ophthalmic foundation to encourage pursuit of academic careers. Additionally, the herman knapp fund provides support to other organizations within the ophthalmological field.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-6042338) · Dispute this line
$21Kprogram expense
03

The herman knapp fund supports travel awards for non-member, young investigators from their residencies to participate in the aos annual meeting.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-6042338) · Dispute this line
$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $319K · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$481K
Ln 12
Other incomeLn 4–11$252K
Investment incomeLn 3$229K
Money outPt IX
$96K
Ln 25
Programscol B$59K
Managementcol C$37K
Owns and owesPt X
$10.9M
net assets · Ln 32
Total assetsLn 16$10.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$229K
Other incomeLn 4–11$252K
Gains on assetsLn 7$252K
Total revenueLn 12$481K
Assets in detailPt X, end of year
InvestmentsLn 11–13$8.3M
Other assetsLn 15$2.6M
Total assetsLn 16$10.9M
LiabilitiesLn 26$0
Net assetsLn 32$10.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$8.0M$8.3M
Total assetsLn 16$10.2M$10.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$10.2M$10.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$21K$21K
Grants to domestic individualsLn 2$9K$9K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$24K$24K
Conferences, conventions and meetingsLn 19$29K$29K
InsuranceLn 23$709$709
Total functional expensesLn 25$96K$59K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 9, 2025 $481K$96K$385K$10.9M 990 PDF
FY2023Filed with the IRS Sep 10, 2024 $399K$102K$297K$10.2M 990 PDF
FY2022Filed with the IRS Aug 23, 2023 $276K$353K−$76K$9.1M 990 PDF
FY2021Filed with the IRS Jul 28, 2022 $548K$46K$503K$11.0M 990 PDF
FY2020Filed with the IRS Oct 15, 2021 $445K$37K$408K$10.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $480,737 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $399,282$480,737
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $399,282$480,737
I-13 Grants and similar amounts paidPrior year $20,233$30,170
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,040$65,902
I-18 Total expensesPrior year $102,273$96,072
I-19 Revenue less expensesPrior year $297,009$384,665
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $480,737 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $229,081$229,081
VIII-7 Net gain or loss on sales of assetsExcluded from tax $251,656$251,656
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $480,737$480,737
Part IX · Statement of functional expenses $96,072 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $20,707$20,707
IX-2 Grants to domestic individualsPrograms $9,463$9,463
IX-11c Accounting feesManagement $12,693$12,693
IX-11f Investment management feesManagement $23,805$23,805
IX-19 Conferences, conventions and meetingsPrograms $28,695$28,695
IX-23 InsuranceManagement $709$709
IX-25 Total functional expensesPrograms $58,865 · Management $37,207 · Fundraising $0$96,072
Part X · Balance sheet $10,869,328 assets, 7 lines filed
X-11 Publicly traded securitiesStart of year $7,958,048$8,299,569
X-15 Other assetsStart of year $2,202,025$2,569,759
X-16 Total assetsStart of year $10,160,073$10,869,328
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $10,160,073$10,869,328
X-32 Total net assets or fund balancesStart of year $10,160,073$10,869,328
X-33 Total liabilities and net assetsStart of year $10,160,073$10,869,328
Part XI · Reconciliation of net assets $10,869,328 net assets at year end
XI-1 Total revenue$480,737
XI-2 Total expenses$96,072
XI-3 Revenue less expenses$384,665
XI-4 Net assets at start of year$10,160,073
XI-5 Net unrealized gains (losses) on investments$324,589
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,869,328

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →