Glaucoma Foundation Inc
- Assets
- $13.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 07/1985
- Data as of
- 12/2021
- EIN
- 13-3174839
Organization Overview
Glaucoma Foundation Inc is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Glaucoma Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glaucoma Foundation 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 12/2021, Glaucoma Foundation Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 10.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Glaucoma Foundation Inc has awarded 27 individual grants totaling $1,664,842. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE GLAUCOMA FOUNDATION IS AN INTERNATIONAL NOT-FOR-PROFIT ORGANIZATION DEDICATED TO ERADICATING GLAUCOMA, THE LEADING CAUSE OF PREVENTABLE BLINDNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH: THE GLAUCOMA FOUNDATION AWARDS GRANTS-IN-AID FOR GLAUCOMA RESEARCH IN THE FOLLOWING DISCIPLINES:1. OPTIC NERVE RESCUE AND RESTORATIONS- NEUROPROTECTANTS AND THEIR ROLE IN GLAUCOMA- REVERSAL OF DYSFUNCTION OF DAMAGED RETINAL GANGLION CELLS- RETINAL GANGLION CELL AXONAL REGENERATION- OPTIC NERVE TRANSPLANTATION2. MOLECULAR GENETICS- RESEARCH INTO THE GENETIC CAUSES OF THE VARIOUS FORMS OF GLAUCOMA, PARTICULARLY THE IDENTIFICATION OF THE RESPONSIBLE GENES, WITH THE LONG-TERM GOAL OF FINDING WAYS TO REVERSE THESE GENETIC DEFECTS.3. NANOTECHNOLOGY- RESEARCH INTO THE USE OF NANOTECHNOLOGY FOR MONITORING IOP, DIAGNOSING AND MONITORING DAMAGE TO THE OPTIC NERVE AND DELIVERING DRUGS AND OTHER THERAPIES.GRANTS ARE AWARDED FOR A ONE-YEAR PERIOD AND ARE RENEWABLE. THE MAXIMUM AMOUNT OF FUNDS AWARDED FOR A ONE-YEAR PERIOD IS $60,000 PER GRANTEE. RESEARCHERS MAY ALSO APPLY FOR A ONE-TIME EXPANDED GRANT RENEWAL UP TO $60,000 FOR A SECOND YEAR. FUNDS ARE NOT TO BE USED FOR SALARIES, PERSONNEL SUPPORT, OVERHEAD OR OTHER INDIRECT COSTS. ALL REQUESTS FOR GRANTS MUST BE MADE IN WRITING ON THE FOUNDATIONS APPLICATION FORM AND SUPPORTING DOCUMENTATION MUST INCLUDE A DESCRIPTION OF THE OBJECTIVES, BACKGROUND, METHODOLOGY, SIGNIFICANCE, ANY PRELIMINARY RESULTS, AND BUDGET FOR THE PROJECT.THE FOUNDATION ALSO SPONSORS THE ANNUAL SCIENTIFIC THINK TANK ON OPTIC NERVE RESCUE AND RESTORATION, A WORLDWIDE COLLABORATION OF LEADING SCIENTISTS AND RESEARCHERS POOLING THEIR EFFORTS TO SEEK A WAY TO REVERSE OPTIC NERVE DAMAGE.PUBLIC EDUCATION: THE GLAUCOMA FOUNDATION DISTRIBUTES THE FOLLOWING PUBLICATION ON REQUEST TO THE GENERAL PUBLIC AT NO CHARGE:- A 20-PAGE COLOR BROCHURE, DOCTOR, I HAVE A QUESTION, A GUIDE FOR PATIENTS AND THEIR FAMILIES- A QUARTERLY NEWSLETTER, EYE TO EYE- A LEAFLET, GLAUCOMA: THE LEADING CAUSE OF PREVENTABLE BLINDNESS, A BRIEF GUIDE DESCRIBING GLAUCOMA AND TREATMENT FOR GLAUCOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Sturman President & CEO | Officer | 40 | $347,688 |
Cly Fowkes Dir.sp.pr. | 40 | $129,282 | |
Nilda Richards Controller | Officer | 40 | $95,333 |
Gregory K Harmon Chairman | OfficerTrustee | 1 | $0 |
Robert Ritch Founder | OfficerTrustee | 1 | $0 |
Baldo Scassellati Sforzolini Director | Trustee | 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 | $3,616,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,616,583 |
| Total Program Service Revenue | $0 |
| Investment income | $98,435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $522,096 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,297,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $612,537 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $171,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $490,632 |
| Compensation of current officers, directors, key employees. | $53,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $299,062 |
| Pension plan accruals and contributions | $8,892 |
| Other employee benefits | $55,323 |
| Payroll taxes | $44,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $505 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,000 |
| Fees for services: Investment Management | $125,074 |
| Fees for services: Other | $63,295 |
| Advertising and promotion | $0 |
| Office expenses | $32,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,628 |
| Travel | $8,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,059 |
| Insurance | $8,484 |
| All other expenses | $0 |
| Total functional expenses | $2,530,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,101 |
| Savings and temporary cash investments | $2,455,337 |
| Pledges and grants receivable | $335,782 |
| 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 | $14,101 |
| Net Land, buildings, and equipment | $5,767 |
| Investments—publicly traded securities | $8,968,276 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,796 |
| Total assets | $12,951,160 |
| Accounts payable and accrued expenses | $47,222 |
| Grants payable | $543,187 |
| 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 | $8,071 |
| Total liabilities | $598,480 |
| Net assets without donor restrictions | $6,430,846 |
| Net assets with donor restrictions | $5,921,834 |
| 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 | $12,951,160 |
Grants Awarded
Over the last fiscal year, Glaucoma Foundation Inc has awarded $604,842 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: Medical Research | $119,842 |
Los Angeles, CA PURPOSE: Medical Research | $100,000 |
New York, NY PURPOSE: Medical Research | $75,000 |
New York, NY PURPOSE: Medical Research | $70,000 |
Charleston, SC PURPOSE: Medical Research | $60,000 |
INDIANA UNIVERSITY TRUSTEES PURPOSE: Medical Research | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Glaucoma Foundation Inc has recieved totaling $529,455.
| Awarding Organization | Amount |
|---|---|
Gerald B Cramer Family Foundation Inc Woodbury, NY PURPOSE: CHARITABLE | $300,000 |
Research To Prevent Blindness Inc New York, NY PURPOSE: FELLOWSHIP IN GLAUCOMA GRANT | $75,000 |
Mahadeva Fam Foundation Tr Miami, FL PURPOSE: GENERAL PURPOSES | $60,000 |
Abbvie Foundation North Chicago, IL PURPOSE: GENERAL SUPPORT | $50,000 |
Longhill Charitable Foundation Inc New York, NY PURPOSE: HEALTH | $20,000 |
Besite Foundation Inc Towaco, NJ PURPOSE: CHARITABLE | $9,500 |
Endowment Analysis
| Beg. Balance | $7,429,477 |
| Earnings | $1,518,316 |
| Net Contributions | $493,553 |
| Other Expense | $878,162 |
| Ending Balance | $8,563,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Association For The Blind Inc Utica, NY | $109,170,090 | $29,734,150 |
Help Me See Inc New York, NY | $19,214,476 | $10,645,752 |
Carroll Center For The Blind Inc Newton, MA | $12,273,464 | $7,857,415 |
Northeastern Association Of The Blind At Albany Inc Albany, NY | $6,246,704 | $6,313,158 |
Eye To Eye Inc New York, NY | $3,187,260 | $4,382,588 |
Pennsylvania Association For The Blind Harrisburg, PA | $4,901,702 | $4,901,914 |
Lions Eye Bank Of Delaware Valley Philadelphia, PA | $14,412,620 | $4,863,038 |
Jbi International Inc New York, NY | $25,677,529 | $3,230,233 |
Vermont Association For The Blind And Visually Impaired Inc South Burlington, VT | $11,330,478 | $4,815,693 |
Glaucoma Foundation Inc New York, NY | $12,951,160 | $4,297,114 |
Vision Resources Of Central Pennsylvania Harrisburg, PA | $8,007,623 | $1,994,973 |
Readers Digest Partners For Sight Foundation Mt Kisco, NY | $12,659,524 | $1,861,545 |