Research To Prevent Blindness Endowment Fund Inc
- Assets
- $317.7m
- Revenue
- $28.5m
- Investments
- $187.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 13-3471559
Organization Overview
Research To Prevent Blindness Endowment Fund Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, 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. Research To Prevent Blindness Endowment 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 12/2021, Research To Prevent Blindness Endowment Fund Inc generated $28.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $10.0m during the year ending 12/2021. While expenses have increased by 0.0% 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 2018, Research To Prevent Blindness Endowment Fund Inc has awarded 246 individual grants totaling $43,148,000. 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
PROVIDES THE ORGANIZATIONAL & FINANCIAL RESOURCES NECESSARY TO SUPPORT EYE RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANTS AND SUPPORT: DURING 2021, RESEARCH TO PREVENT BLINDNESS ENDOWMENT FUND, INC. (RPBEF) MADE GRANTS TO UNIVERSITY MEDICAL SCHOOLS TO AID IN THE OPHTHALMOLOGICAL RESEARCH OF BLINDING EYE DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tinker Treasurer & Assistant Secr | OfficerTrustee | 3 | $0 |
Diane S Swift Chairman | OfficerTrustee | 3 | $0 |
Brian F Hofland President | Officer | 3 | $0 |
David Brenner Vice President & Secretary | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walter Scott Partners Limited (Ncs Globa Investment Advisory Fees | 12/30/21 | $109,151 |
Wilshire Associates Incorporated Investment Management Services | 12/30/21 | $470,547 |
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 | $4,941,147 |
| Noncash contributions included in lines 1a–1f | $35,147 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,941,147 |
| Total Program Service Revenue | $0 |
| Investment income | $5,693,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,244,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,546,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,422,435 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $594,296 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $50,000 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,962,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,239,449 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $111,646,111 |
| Investments—other securities | $187,397,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,430,109 |
| Total assets | $317,713,049 |
| Accounts payable and accrued expenses | $199,583 |
| Grants payable | $8,357,208 |
| 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 | $3,609 |
| Total liabilities | $8,560,400 |
| Net assets without donor restrictions | $257,853,179 |
| Net assets with donor restrictions | $51,299,470 |
| 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 | $317,713,049 |
Grants Awarded
Over the last fiscal year, Research To Prevent Blindness Endowment Fund Inc has awarded $8,750,000 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Louis, MO PURPOSE: CAREER DEVELOPMENT RESEARCH GRANT | $350,000 |
Baltimore, MD PURPOSE: CAREER DEVELOPMENT RESEARCH GRANT | $350,000 |
Boston, MA PURPOSE: CAREER DEVELOPMENT RESEARCH GRANT | $350,000 |
Los Angeles, CA PURPOSE: CAREER DEVELOPMENT RESEARCH GRANT | $350,000 |
Los Angeles, CA PURPOSE: CATALYST GRANT | $300,000 |
INDIANA UNIVERSITY SCHOOL OF MEDICINE PURPOSE: CHALLENGE GRANT | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Research To Prevent Blindness Endowment Fund Inc has recieved totaling $1,650,000.
| Awarding Organization | Amount |
|---|---|
Research To Prevent Blindness Inc New York, NY PURPOSE: GRANT | $1,500,000 |
Lions Clubs International Ftdn Oak Brook, IL PURPOSE: Research to Prevent Blindness/LCIF Low Vision Award | $150,000 |
Endowment Analysis
| Beg. Balance | $47,122,183 |
| Earnings | $296,140 |
| Net Contributions | $4,941,147 |
| Grants | $1,060,000 |
| Ending Balance | $51,299,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Health Foundation Inc Princeton, NJ | $176,302,881 | $3,140,034 |
Research To Prevent Blindness Endowment Fund Inc New York, NY | $317,713,049 | $28,546,765 |
Ats Foundation Inc New York, NY | $0 | $224,022 |
Foundation For Advancement Of Intl Medical Education And Research Philadelphia, PA | $73,208,748 | $9,951,039 |
Nccn Foundation Plymouth Meeting, PA | $7,730,910 | $3,697,738 |
Giovanni Armenise-Harvard Foundation For Scientific Research Boston, MA | $87,268,004 | $3,121,005 |
Cds Wolf Foundation Inc Webster, NY | $18,173,557 | $6,502,648 |
Parkinson Alliance Inc Kingston, NJ | $464,272 | $616,177 |
Margaret M Dyson Tr Uw Fbo Margaret M Dyson Vision Research Institute Poughkeepsie, NY | $4,372,343 | $800,997 |
Simons Fund Conshohocken, PA | $473,099 | $317,439 |
Commonwealth Housing Legal Services Glenside, PA | $760,384 | $699,820 |
Pan Long Island Challenge Inc Wantagh, NY | $24,805 | $0 |