Civic Intelligence

Optometric Center of New York

EIN 13-1819472 • 501(c)3 • New York, NY

Profile

To provide scholarships to students and support vision care services to underserved men, women and children as well as funding for research.

33 West 42nd StNew York, NY 10036

www.sunyopt.edu/GIVING

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.09x

Higher debt load relative to revenue than 26% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2025

Net Margin

29th percentile

-2.1%

Higher net margin than 29% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE B • $10M-$25M nonprofits • Source year 2025

Asset Growth

59th percentile

6.7%

Faster asset growth than 59% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$14,206,242

Up $741,925 (+5.5%) from 2023

Liabilities

Down

$86,213

Down $98,743 (-53%) from 2023

Net Assets

Up

$14,120,029

Up $840,668 (+6.3%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin29th percentile

Revenue

Down

$1,401,504

Down $1,801,060 (-56%) from 2023

Expenses

Down

$1,524,950

Down $227,313 (-13%) from 2023

Net Income

Down

-$123,446

Down $1,573,747 (-109%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2010: $8,467,598Liabilities 2010: $147,296Net Assets 2010: $8,320,3022010Assets 2011: $9,536,723Liabilities 2011: $146,419Net Assets 2011: $9,390,3042011Assets 2012: $8,902,098Liabilities 2012: $83,910Net Assets 2012: $8,818,1882012Assets 2013: $9,369,911Liabilities 2013: $136,446Net Assets 2013: $9,233,4652013Assets 2014: $10,517,162Liabilities 2014: $151,807Net Assets 2014: $10,365,3552014Assets 2015: $10,351,192Liabilities 2015: $161,287Net Assets 2015: $10,189,9052015Assets 2016: $9,675,682Liabilities 2016: $83,163Net Assets 2016: $9,592,5192016Assets 2017: $10,252,169Liabilities 2017: $62,725Net Assets 2017: $10,189,4442017Assets 2018: $11,139,250Liabilities 2018: $127,609Net Assets 2018: $11,011,6412018Assets 2019: $10,799,401Liabilities 2019: $86,116Net Assets 2019: $10,713,2852019Assets 2020: $11,015,475Liabilities 2020: $134,955Net Assets 2020: $10,880,5202020Assets 2021: $13,493,652Liabilities 2021: $61,556Net Assets 2021: $13,432,0962021Assets 2022: $11,061,409Liabilities 2022: $82,772Net Assets 2022: $10,978,6372022Assets 2023: $13,464,317Liabilities 2023: $184,956Net Assets 2023: $13,279,3612023Assets 2024: $14,206,242Liabilities 2024: $86,213Net Assets 2024: $14,120,0292024

Highlighted filing

2024

Assets$14,206,242
Liabilities$86,213
Net Assets$14,120,029
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,027,4722010Expenses 2011: $1,388,7902011Revenue 2012: $1,561,354Expenses 2012: $1,575,064Net Income 2012: -$13,7102012Revenue 2013: $1,945,368Expenses 2013: $1,346,962Net Income 2013: $598,4062013Revenue 2014: $2,360,629Expenses 2014: $1,760,964Net Income 2014: $599,6652014Revenue 2015: $935,116Expenses 2015: $1,825,423Net Income 2015: -$890,3072015Revenue 2016: $1,783,142Expenses 2016: $1,835,877Net Income 2016: -$52,7352016Revenue 2017: $1,429,930Expenses 2017: $1,567,009Net Income 2017: -$137,0792017Revenue 2018: $1,772,842Expenses 2018: $1,548,392Net Income 2018: $224,4502018Revenue 2019: $1,839,574Expenses 2019: $2,301,873Net Income 2019: -$462,2992019Revenue 2020: $2,310,165Expenses 2020: $1,981,908Net Income 2020: $328,2572020Revenue 2021: $1,623,689Expenses 2021: $1,172,242Net Income 2021: $451,4472021Revenue 2022: $1,956,195Expenses 2022: $1,488,200Net Income 2022: $467,9952022Revenue 2023: $3,202,564Expenses 2023: $1,752,263Net Income 2023: $1,450,3012023Revenue 2024: $1,401,504Expenses 2024: $1,524,950Net Income 2024: -$123,4462024

Highlighted filing

2024

Revenue$1,401,504
Expenses$1,524,950
Net Income-$123,446
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,206,242
Liabilities
$86,213
Net assets
$14,120,029
Revenue
$1,401,504
Expenses
$1,524,950
Net income
-$123,446
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.2$0.09$14.1$1.40$1.52$0.12
2023Detailed filing. Detailed filing data is available for this year.$13.5$0.18$13.3$3.20$1.75$1.45
2022Detailed filing. Detailed filing data is available for this year.$11.1$0.08$11.0$1.96$1.49$0.47
2021Detailed filing. Detailed filing data is available for this year.$13.5$0.06$13.4$1.62$1.17$0.45
2020Detailed filing. Detailed filing data is available for this year.$11.0$0.13$10.9$2.31$1.98$0.33
2019Detailed filing. Detailed filing data is available for this year.$10.8$0.09$10.7$1.84$2.30$0.46
2018Detailed filing. Detailed filing data is available for this year.$11.1$0.13$11.0$1.77$1.55$0.22
2017Detailed filing. Detailed filing data is available for this year.$10.3$0.06$10.2$1.43$1.57$0.14
2016Detailed filing. Detailed filing data is available for this year.$9.68$0.08$9.59$1.78$1.84$0.05
2015Detailed filing. Detailed filing data is available for this year.$10.4$0.16$10.2$0.94$1.83$0.89
2014Detailed filing. Detailed filing data is available for this year.$10.5$0.15$10.4$2.36$1.76$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.37$0.14$9.23$1.95$1.35$0.60
2012Summary only. Only limited summary data is available for this year.$8.90$0.08$8.82$1.56$1.58$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.54$0.15$9.39$1.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.47$0.15$8.32$1.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 24, 2025
Return Version
2023v6.0
Gross Receipts
$4,112,785
Mission and Program Overview

Mission

To provide scholarships to students and support vision care services to underserved men, women and children as well as funding for research.

To secure critical resources supporting suny college of optometry in being a leader in vision health through education, advancing research, and providing optimal eye care to patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,760,626$11,999,071▲ $238,445
Investments Other Securities$1,430,817$1,930,530▲ $499,713
Cash and Non-Interest-Bearing Accounts$180,674$192,689▲ $12,015
Pledges and Grants Receivable$25,000$10,000▼ $15,000
Prepaid Expenses and Deferred Charges-$9,352-
Total Assets$13,464,317$14,206,242▲ $741,925
Other Assets Total$67,200$64,600▼ $2,600
Liabilities
Accounts Payable and Accrued Expenses$164,956$86,213▼ $78,743
Deferred Revenue$20,000--
Total Liabilities$184,956$86,213▼ $98,743
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,086,951$10,009,585▲ $922,634
Net Assets Without Donor Restrictions$4,192,410$4,110,444▼ $81,966
Total Net Assets Fund Balance$13,279,361$14,120,029▲ $840,668
Total Liabilities and Net Assets / Fund Balance$13,464,317$14,206,242▲ $741,925

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,930,530--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$7,529,608$331,972▲ $865,350$200,956$8,525,974
2022$5,271,739$1,837,800▲ $585,204$165,135$7,529,608
2021$6,048,082$262,028▼ $875,271$163,100$5,271,739
2020$4,703,943$282,139▲ $1,116,454$54,454$6,048,082
2019$4,535,682$193,306▲ $125,443$150,488$4,703,943
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Richard FeinbloomImmediate Past President
Dr Richard SodenPresident
Thomas FarrellVice President
Dawn RigneyExecutive Director
Dr Christopher QuinnTrustee
Dr David Heath Left 624Trustee
Dr Mary BotelhoTrustee
Dr Ronald MillmanTrustee
Jerry WarnerTrustee
Marge AxelradTrustee
Mark FederTrustee
Vito Proscia Left 624Trustee
William J MoranTrustee
Dennis GehrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$790,905
Program Service Revenue
$144,745
Investment Income
$442,696
Other Revenue
$23,158
All Other Contributions
$790,905
Change in Net Assets
$-123,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,323,061
Revenue Not Reported on Financial Statements
$78,443
Revenue Not Reported on Form 990
$1,156,816
Total Revenue per Audited Statements
$2,479,877
Total Revenue per Form 990
$1,401,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$833,284
Grants and Similar Amounts Paid$691,666
Total Fundraising Expense$129,592
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$394,474--$394,474
Grants to Domestic Orgs$297,192--$297,192
Conferences and Meetings$215,153-$57,419$272,572
Fees for Services Other$83,258$97,127$40,976$221,361
Office Expenses$86,584$9,753$31,197$127,534
Fees for Services Accounting-$118,499-$118,499
Fees for Service Investment Mgmnt Fees-$78,443-$78,443
Insurance-$6,859-$6,859
Fees for Services Legal-$6,556-$6,556
Other Expenses-$1,460-$1,460
Total Functional Expenses$1,076,661$318,697$129,592$1,524,950

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,639,209
Total Expenses per Form 990$1,524,950
Expenses per Audited Statements$1,446,507
Expenses Not Reported on Form 990$192,702
Expenses Not Reported on Financial Statements$78,443
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Suny College of OptometryNew York, NY-Indigent Care Programs$297,192
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Prior to filing, a draft form 990 is sent to board members of the organization who then have the opportunity to review and make inquiries. All inquiries are addressed and any changes made are based on this review.”

Form 990, Part VI, Section B, Line 12C

“Trustees sign individual conflict of interest statements annually and receive copies of the full policy. There is also an internal control committee which monitors potential conflicts of interest. Suny college of optometry foundation is small enough for the executive director and trustees to monitor possible conflicts before they occur. If there were to be a conflict or a potential conflict, the board member would be prohibited from participating in the governing body's deliberation and decisions regarding the transaction.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Suny College of Optometry Foundation
EIN
13-1819472
Phone
2129385600
Address
33 WEST 42ND ST, NEW YORK, NY 10036

Signing Officer

Name
Dawn Rigney
Title
Executive Director
Phone
2129385601
Signed
2025-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Rigney
Formed
1959
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
14

Preparer

Firm
Sax Llp
Address
1040 AVENUE OF THE AMERICAS 16TH, FLOOR, NEW YORK, NY 10018
Preparer
Mike Schall
Phone
2122682804
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 83,258. Management and general expenses 97,127. Fundraising expenses 40,976. Total expenses 221,361.”

FORM 990, PART XI, LINE 9:

“Net depreciation in interest of charitable remainder trust -2,600.”

Financial Statement Notes

PART V, LINE 4:

“To provide support for the college and vision related research and to provide awards and scholarships.”

PART X, LINE 2:

“Suny college of optometry foundation does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending june 30, 2021 and later are subject to examination by applicable taxing authorities.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Net depreciation in interest of charitable remainder trust -2,600.”

Raw XML AppendixShowing 400 of 518 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO SECURE CRITICAL RESOURCES SUPPORTING SUNY COLLEGE OF OPTOMETRY IN BEING A LEADER IN VISION HEALTH THROUGH EDUCATION, ADVANCING RESEARCH, AND PROVIDING OPTIMAL EYE CARE TO PATIENTS.
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IRS990/Desc0CLINICAL SUPPORT - FROM ITS FOUNDING, SUNY COLLEGE OF OPTOMETRY FOUNDATION HAS ALWAYS FOCUSED ON HELPING UNDERSERVED MEN, WOMEN AND CHILDREN IN THE NEW YORK CITY AREA BY SUPPORTING VISION CARE CLINICAL PROGRAMS WHICH SERVE THIS SPECIAL POPULATION. WE PROVIDE THE RESOURCES NEEDED IN THE UNIVERSITY EYE CENTER, THE EYE CARE CLINIC, 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. THE UNIVERSITY EYE CENTER SEES 60,000 PATIENT VISITS A YEAR WITH 1,200-1,500 OF THOSE REQUIRING CHARITABLE ASSISTANCE TO RECEIVE THE CARE THEY NEED.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
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IRS990/MissionDesc0TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT VISION CARE SERVICES TO UNDERSERVED MEN, WOMEN AND CHILDREN AS WELL AS FUNDING FOR RESEARCH.
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IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT SUPPORT - SUNY COLLEGE OF OPTOMETRY FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS WHO HAVE ACADEMIC MERIT AND FINANCIAL NEED. THESE SCHOLARSHIPS HELP ATTRACT A DIVERSE, HIGH-ACHIEVING STUDENTS FROM AROUND THE COUNTRY TO A MUCH NEEDED HEALTHCARE PROFESSION. APPROXIMATELY 100 STUDENTS RECEIVE SCHOLARSHIPS AND AWARDS EACH YEAR FROM DESIGNATED ENDOWED FUNDS AND DONOR DIRECTED CURRENT USE DONATIONS. ADDITIONAL STUDENT SUPPORT COMES IN THE FORM OF PROGRAM SUPPORT FOR VARIOUS ACTIVITIES LED BY STUDENTS AND THE STUDENT AFFAIRS OFFICE AT SUNY COLLEGE OF OPTOMETRY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CAMPUS SUPPORT & RESEARCH AND EDUCATION: RESEARCH IS A CRITICAL AND SIGNIFICANT ENTERPRISE AT THE COLLEGE FOR WHICH THERE IS A DONOR-DIRECTED ENDOWMENT THAT PROVIDES FINANCIAL RESOURCES. THIS ENDOWED FUND ALLOWS FOR EXPOSURE TO RELEVANT RESEARCH SCIENTISTS THROUGH A COLLOQUIA SERIES, PROVIDES START-UP OR SEED FUNDING FOR SMALL RESEARCH PROJECTS, AND HELPS ENSURE THE EQUIPMENT AND OTHER RESOURCES NEEDED TO MAINTAIN A ROBUST RESEARCH FACILITY. THE REMAINING GRANTING 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.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0INTERNATIONAL PROGRAMS: SUNY COLLEGE OF OPTOMETRY FOUNDATION ADMINISTERS PROGRAMS TO EXPAND THE COLLEGE'S ROLE AND MISSION INTERNATIONALLY BY PARTNERING WITH INSTITUTIONS FOR EDUCATIONAL PROGRAMS, EXTERNSHIPS, RESEARCH, AND OTHER ACADEMIC RELATED ACTIVITIES THAT ENRICH THE COLLEGE'S EDUCATIONAL AND CLINICAL PROGRAMS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SUPPORT FOR THE COLLEGE AND VISION RELATED RESEARCH AND TO PROVIDE AWARDS AND SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SUNY COLLEGE OF OPTOMETRY FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING JUNE 30, 2021 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NET DEPRECIATION IN INTEREST OF CHARITABLE REMAINDER TRUST -2,600.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:

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