Chattanooga Ophthalmological Foundation

Chattanooga, TN
Tax-exempt since Nov. 1969
EIN: 23-7038515

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.32M (2024)

Expenses

$300k (2024)

Total Assets

$5.59M (2024)

Total Liabilities

$28.8k (2024)

Years with missing data

Years with multiple filings

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$2,321,153

Expenses

$299,706

Net Income

$2,021,447

Net Assets

$5,556,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$128,581	5.5%
Sales of Assets	$2,199,903	94.8%
Other Income	-$7,345

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$204,733	68.3%
Compensation of Officers*	$1,000	0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,585,199
Total Liabilities	$28,762
Net Assets	$5,556,437

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (Former President)	$1,000	$0
Dr Steve M Thomas (President And Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Richard I Breazeale Md (Director)	$0	$0
Patrick J Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0
John Caleb Hildebrand Md (Director)	$0	$0

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990-PF

Filed on July 16, 2025

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2023

Revenue

$201,351

Expenses

$337,438

Net Income

-$136,087

Net Assets

$3,534,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$119	0.1%
Dividends	$69,459	34.5%
Sales of Assets	$135,855	67.5%
Other Income	-$4,082

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$277,734	82.3%
Compensation of Officers*	$12,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,534,990
Total Liabilities	$0
Net Assets	$3,534,990

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (Former President)	$12,000	$0
Dr Steve M Thomas (Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Richard I Breazeale Md (Director)	$0	$0
Patrick J Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (President And Director)	$0	$0

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990-PF

Filed on Aug. 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$16,533

Expenses

$314,972

Net Income

-$298,439

Net Assets

$3,671,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65	0.4%
Dividends	$37,225	> 100%
Sales of Assets	-$17,502
Other Income	-$3,255

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$285,536	90.7%
Compensation of Officers*	$6,000	1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,671,077
Total Liabilities	$0
Net Assets	$3,671,077

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President And Director)	$6,000	$0
E Stephen Jett (Secretary And Director)	$0	$0
James L Catanzaro (Assistant Secretary)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Camden B Scearce (Treasurer)	$0	$0
Richard I Breazeale Md (Director)	$0	$0
Patrick J Bowers Jr Md (Director)	$0	$0
Thomas A Reynolds Md (Director)	$0	$0

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990-PF

Filed on June 28, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2022

Revenue

$377,842

Expenses

$355,596

Net Income

$22,246

Net Assets

$3,969,516

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$72,277	19.1%
Sales of Assets	$303,218	80.2%
Other Income	$2,343	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$294,964	82.9%
Compensation of Officers*	$12,000	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,969,516
Total Liabilities	$0
Net Assets	$3,969,516

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President And Director)	$12,000	$0
E Stephen Jett (Vp And Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Camden B Scearce (Director)	$0	$0
Richard Breazeale Md (Director)	$0	$0
Patrick Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0

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990-PF

Filed on Nov. 2, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2021

Revenue

$655,281

Expenses

$288,598

Net Income

$366,683

Net Assets

$3,933,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$67,402	10.3%
Sales of Assets	$587,872	89.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$224,597	77.8%
Compensation of Officers*	$12,000	4.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,933,821
Total Liabilities	$1
Net Assets	$3,933,820

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President And Director)	$12,000	$0
E Stephen Jett (Vp And Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Camden B Scearce (Director)	$0	$0
Richard Breazeale Md (Director)	$0	$0
Patrick Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0
Richard T Sullivan (Director)	$0	$0

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990-PF

Filed on Nov. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2020

Revenue

$165,062

Expenses

$278,851

Net Income

-$113,789

Net Assets

$3,567,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.0%
Dividends	$76,023	46.1%
Sales of Assets	$89,030	53.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$222,114	79.7%
Compensation of Officers*	$12,000	4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,567,138
Total Liabilities	$1
Net Assets	$3,567,137

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President And Director)	$12,000	$0
E Stephen Jett (Vp And Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Camden B Scearce (Director)	$0	$0
Richard T Sullivan (Director)	$0	$0
Richard Breazeale Md (Director)	$0	$0
Patrick Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0

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990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2019

Revenue

$114,360

Expenses

$420,970

Net Income

-$306,610

Net Assets

$3,680,927

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14	0.0%
Dividends	$76,982	67.3%
Sales of Assets	$37,364	32.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,881	42.5%
Compensation of Officers*	$12,000	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,680,927
Total Liabilities	$0
Net Assets	$3,680,927

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President And Director)	$12,000	$0
E Stephen Jett (Vp And Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Camden B Scearce (Director)	$0	$0
Richard T Sullivan (Director)	$0	$0
Richard Breazeale Md (Director)	$0	$0
Patrick Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2018

Revenue

$371,597

Expenses

$290,092

Net Income

$81,505

Net Assets

$3,987,537

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$82,518	22.2%
Sales of Assets	$289,073	77.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$230,131	79.3%
Compensation of Officers*	$12,000	4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,987,537
Total Liabilities	$0
Net Assets	$3,987,537

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President And Director)	$12,000	$0
E Stephen Jett (Vp And Director)	$0	$0
James L Catanzaro (Secretary/Treasurer)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Camden B Scearce (Director)	$0	$0
Richard T Sullivan (Director)	$0	$0
Richard Breazeale Md (Director)	$0	$0
Patrick Bowers Jr Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0

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990-PF

Filed on Oct. 19, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$217,832

Expenses

$263,700

Net Income

-$45,868

Net Assets

$3,819,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,714	2.6%
Interest Revenue	$7	0.0%
Dividends	$69,497	31.9%
Sales of Assets	$142,614	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,412	75.6%
Compensation of Officers*	$12,000	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,819,634
Total Liabilities	$0
Net Assets	$3,819,634

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$446,759

Expenses

$213,752

Net Income

$233,007

Net Assets

$3,865,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.0%
Dividends	$65,962	14.8%
Sales of Assets	$380,790	85.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$146,978	68.8%
Compensation of Officers*	$12,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,865,502
Total Liabilities	$0
Net Assets	$3,865,502

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$584,304

Expenses

$202,967

Net Income

$381,337

Net Assets

$3,632,495

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$63,992	11.0%
Sales of Assets	$520,307	89.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$199,850	98.5%
Compensation of Officers*	$12,000	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,632,495
Total Liabilities	$0
Net Assets	$3,632,495

Compensation

Key Employees and Officers	Compensation	Other
Molly R Seal Md (President)	$12,000	$0
George M Clark Iii (Vp And Director)	$0	$0
E Stephen Jett (Secretary/Treasurer And Di)	$0	$0
Charles A Kirby Md (Director)	$0	$0
Ira M Long Md (Director)	$0	$0
Thomas M Reynolds Md (Director)	$0	$0
Camden B Scearce (Director)	$0	$0
W Luther Masingill (Director)	$0	$0
Gloria Mcconnell (Director)	$0	$0
Richard T Sullivan (Director)	$0	$0
Alan L Cates (Director)	$0	$0
Richard Breazeale Md (Director)	$0	$0
Patrick Bowers Jr Md (Director)	$0	$0

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990-PF

Filed on Nov. 10, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending June
2013

Revenue

$282,910

Expenses

$208,033

Net Income

$74,877

Net Assets

$3,251,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$69,035	24.4%
Sales of Assets	$213,872	75.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$160,948	77.4%
Compensation of Officers*	$12,000	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,251,158
Total Liabilities	$0
Net Assets	$3,251,158

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$151,304

Expenses

$240,959

Net Income

-$89,655

Net Assets

$3,176,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$339	0.2%
Dividends	$59,896	39.6%
Sales of Assets	$91,069	60.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$190,208	78.9%
Compensation of Officers*	$12,000	5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,176,281
Total Liabilities	$0
Net Assets	$3,176,281

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Chattanooga Ophthalmological Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.32M (2024)

Expenses $300k (2024)

Total Assets $5.59M (2024)

Total Liabilities $28.8k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$2.32M (2024)

Expenses

$300k (2024)

Total Assets

$5.59M (2024)

Total Liabilities

$28.8k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001