Center For Eye Research Inc
- Assets
- $1.8m
- Revenue
- $113.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 04-2982658
Organization Overview
Center For Eye Research Inc is located in Waltham, MA. The organization was established in 1988. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Center For Eye Research 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 06/2022, Center For Eye Research Inc generated $113.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $151.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH STUDIES CONDUCTED BY THE CENTER FOCUS ON IMPROVING THE DIAGNOSIS AND TREATMENT OF EYE DISEASE, SPECIFICALLY: GLAUCOMA, CATARACT, MACULAR DEGENERATION, LASER REFRACTIVE SURGERY AND DISEASES OF THE RETINA AND CORNEA. THE OPHTHALMOLOGY FELLOWSHIP PROGRAM, OVERSEEN BY THE CENTER, IS DESIGNED TO DEVELOP SKILLED MEDICAL AND SURGICAL OPHTHALMOLOGY CLINICIANS. IN ADDITION TO RESEARCH AND TRAINING ACTIVITIES, THE CENTER SUPPORTS PRO BONO EYE CARE TO PATIENTS WHO ARE UNABLE TO AFFORD TREATMENT. CERE ALSO SUPPORTS NATIONAL AND INTERNATIONAL NON-VISION RELATED SCIENTIFIC RESEARCH, EDUCATIONAL EFFORTS AND CHARITABLE CARE.CERE CONDUCTS INTERNATIONAL EYE CLINICS IN REMOTE AREAS OF SOUTH EAST ASIA AND PROVIDES SURGICAL TRAINING TO LOCAL PHYSICIANS. IT ALSO PROVIDES MEDICAL SUPPLIES, INSTRUMENTS AND MEDICAL EQUIPMENT, OR THE FUNDS FOR SUCH ITEMS, TO HOSPITALS AND CLINICS IN THESE REMOTE AREAS. CERE ALSO PERFORMS EYE CARE RESEARCH IN SOUTH EAST ASIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH STUDIES CONDUCTED BY THE CENTER FOCUS ON IMPROVING THE DIAGNOSIS AND TREATMENT OF EYE DISEASE, SPECIFICALLY GLAUCOMA, CATARACT, MACULAR DEGENERATION, LASER REFRACTIVE SURGERY, AND DISEASES OF THE RETINA AND CORNEA. THE OPHTHALMOLOGY FELLOWSHIP PROGRAM, OVERSEEN BY THE CENTER, IS DESIGNED TO DEVELOP SKILLED MEDICAL AND SURGICAL OPHTHALMOLOGY CLINICIANS. IN ADDITION TO RESEARCH AND TRAINING ACTIVITIES, THE CENTER SUPPORTS PRO BONO EYE CARE TO PATIENTS WHO ARE UNABLE TO AFFORD TREATMENT.CERE CONDUCTS INTERNATIONAL EYE CLINICS IN REMOTE AREAS OF SOUTH EAST ASIA AND PROVIDES SURGICAL TRAINING TO LOCAL PHYSICIANS. IT ALSO PROVIDES MEDICAL SUPPLIES, INSTRUMENTS AND MEDICAL EQUIPMENT, OR THE FUNDS FOR SUCH ITEMS, TO HOSPITALS AND CLINICS IN THESE REMOTE AREAS. CERE ALSO PERFORMS EYE CARE RESEARCH IN SOUTH EAST ASIA.CERE CONDUCTS MEDICAL RESEARCH, TRAINING, AND PROVIDES EDUCATION IN THE FIELD OF OPHTHALMOLOGY. CERE CONDUCTS EDUCATIONAL SEMINARS FOR MASSACHUSETTS BASED OPTOMETRISTS. THE PURPOSE OF EACH PROGRAM IS TO EDUCATE AND UPDATE GENERAL OPTOMETRISTS ABOUT THE MOST RECENT INFORMATION, TECHNOLOGY AND PROTOCOLS THAT ARE BEING USED IN VARIOUS SUBSPECIALTY OPHTHALMOLOGY CLINICS. CERE OCCASIONALLY FUNDS NATIONAL AND INTERNATIONAL NON-VISION RELATED SCIENTIFIC RESEARCH AND EDUCATIONAL EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James W Hung MD President | OfficerTrustee | 0.2 | $0 |
Jonathan H Herlihy Clerk | Officer | 0.2 | $0 |
Lisa W Barnes Treasurer | Officer | 1 | $0 |
Michael G Morley MD Director | Trustee | 0.1 | $0 |
John V Thomas MD Director | Trustee | 0.1 | $0 |
Trexler M Topping MD Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,403 |
| Total Program Service Revenue | $0 |
| Investment income | $6,245 |
| 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 | $113,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 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 | $6,028 |
| Fees for services: Legal | $4,750 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200 |
| Advertising and promotion | $0 |
| Office expenses | $2,967 |
| Information technology | $386 |
| Royalties | $0 |
| Occupancy | $3,930 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,933 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $151,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,467 |
| Savings and temporary cash investments | $1,427,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,918 |
| Net Land, buildings, and equipment | $29,341 |
| Investments—publicly traded securities | $165,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,779,078 |
| Accounts payable and accrued expenses | $11,275 |
| Grants payable | $0 |
| 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 | $16,695 |
| Total liabilities | $27,970 |
| Net assets without donor restrictions | $1,437,322 |
| Net assets with donor restrictions | $313,786 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,779,078 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Center For Eye Research Inc has recieved totaling $6,006.
| Awarding Organization | Amount |
|---|---|
Young-Rourke Charitable Foundation Tr U-A 04182006 Belmont, MA PURPOSE: PAYMENTS FOR EDUCATION | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
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 |