Massachusetts Lions Eye Research Fund Inc
- Assets
- $3.3m
- Revenue
- $682.9k
- Investments
- $736.0k
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 02/1959
- Data as of
- 06/2020
- EIN
- 04-2278062
Organization Overview
Massachusetts Lions Eye Research Fund Inc is located in Belmont, MA. The organization was established in 1959. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. This organization is the central organization for a national or regional group of organizations. Massachusetts Lions Eye Research Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Massachusetts Lions Eye Research Fund Inc generated $682.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $722.0k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS TO MEDICAL AND RESEARCH FACILITIES ENGAGED IN EYE RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO MEDICAL AND RESEARCH FACILITIES ENGAGED IN EYE RESEARCH
MISCELLANEOUS AWARDS FOR ACHIEVEMENT IN THE FIELD OF EYE RESEARCH OR FUNDRAISING TO BENEFIT EYE RESEARCH.
PRINTING OF LITERATURE TO MAKE GENERAL PUBLIC AWARE OF DEVELOPMENT AND MEDICAL TECHNOLOGY IN THE EYE RESEARCH FIELD.
GRANTS TO MEDICAL AND RESEARCH FACILITIES ENGAGED IN EYE RESEARCH
MISCELLANEOUS AWARDS FOR ACHIEVEMENT IN THE FIELD OF EYE RESEARCH OR FUNDRAISING TO BENEFIT EYE RESEARCH.
PRINTING OF LITERATURE TO MAKE GENERAL PUBLIC AWARE OF DEVELOPMENT AND MEDICAL TECHNOLOGY IN THE EYE RESEARCH FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne Farrow President | OfficerTrustee | 2 | $0 |
James Roth Treasurer | Officer | 5 | $0 |
Robert Haskell 1st Vice President | Officer | 3 | $0 |
Jean M Wilder 3rd Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,457 |
| Investment income | $32,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $682,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,167 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,330 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $721,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,425,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $736,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,276,845 |
| Accounts payable and accrued expenses | $1,021,815 |
| Grants payable | $628,738 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,650,553 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,626,292 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Massachusetts Lions Eye Research Fund Inc has recieved totaling $38,912.
| Awarding Organization | Amount |
|---|---|
Woburn Host Lions Charities Inc Woburn, MA PURPOSE: GENERAL SUPPORT | $30,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,571 |
Rcb Charitable Foundation Inc Reading, MA PURPOSE: READING LIONS CLUB; GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Inc New York, NY | $24,496,612 | $4,438,794 |
New York Society For Gastrointestinal Endoscopy Inc New York, NY | $1,314,526 | $937,994 |
Massachusetts Lions Eye Research Fund Inc Belmont, MA | $3,276,845 | $682,863 |
Ocular Immunology And Uveitis Foundation Inc Weston, MA | $1,297,410 | $675,565 |
Tear Film And Ocular Surface Society Inc Boston, MA | $413,996 | $560,695 |
Connecticut Lions Eye Research Foundation Inc Middlebury, CT | $2,479,025 | $449,784 |
Visual Studies Workshop Inc Rochester, NY | $1,492,437 | $348,917 |
Center For Eye Research Inc Waltham, MA | $1,779,078 | $113,648 |
Ophthalmicedge Inc New York, NY | $227,604 | $145,347 |
Faculty Student Association Of The State College Of Optometry Inc New York, NY | $239,038 | $97,388 |
The Glaucoma Education & Research Fund Inc New York, NY | $130,142 | $0 |
Vision Research Institute Lowell, MA | $24,586 | $61,371 |