Pediatric Retinal Research Foundation
- Assets
- $1.3m
- Revenue
- $119.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, MI
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 20-4229924
Organization Overview
Pediatric Retinal Research Foundation is located in Birmingham, MI. The organization was established in 2006. 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. Pediatric Retinal Research Foundation 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 12/2023, Pediatric Retinal Research Foundation generated $119.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $87.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE COMMUNITY OF FAMILIES IMPACTED BY BLINDING PEDIATRIC RETINAL DISEASES AND CHAMPION THE QUEST FOR A CURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPHTHALMIC RESEARCH STUDIES INCLUDE BUT ARE NOT LIMITED TO EYE RESEARCH TO PRESERVE VISION AND RESTORE SIGHT. WE FUND CLINICALLY RELEVANT RESEARCH FOR PEDIATRIC RETINAL ISSUES TO UNDERSTAND AND TREAT A RANGE OF RETINAL DISEASES.
WE PROVIDE A CARING COMMUNITY PORTAL FOR SHARING INFORMATION AND RESOURCES AS PARENTS NAVIGATE THE HURDLES THEIR CHILDREN FACE AS THEY GROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Capone Jr MD President | OfficerTrustee | 5 | $0 |
Kimberly Drenser MD Director | Trustee | 3 | $0 |
Patrick Droste MD Director | Trustee | 3 | $0 |
Mohamed Al-Shabrawey Director | Trustee | 3 | $0 |
Katherine White Director | Trustee | 3 | $0 |
Charles S Walls IV Director | Trustee | 3 | $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 | $60,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,283 |
| Total Program Service Revenue | $0 |
| Investment income | $39,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,419 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,750 |
| 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 | $17,211 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,358 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,496 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,978 |
| Advertising and promotion | $12,223 |
| Office expenses | $3,796 |
| Information technology | $4,177 |
| 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 | $3,516 |
| All other expenses | $0 |
| Total functional expenses | $87,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,171 |
| Savings and temporary cash investments | $0 |
| 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 | $951,563 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,328,734 |
| Accounts payable and accrued expenses | $262 |
| 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 | $0 |
| Total liabilities | $262 |
| Net assets without donor restrictions | $334,402 |
| Net assets with donor restrictions | $994,070 |
| 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 | $1,328,734 |
Grants Awarded
Over the last fiscal year, Pediatric Retinal Research Foundation has awarded $86,394 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OAKLAND UNIVERSITY PURPOSE: VARIOUS RESEARCH PROGRAMS | $28,804 |
BEAUMONT HEALTH FOUNDATION PURPOSE: VARIOUS RESEARCH PROGRAMS | $57,590 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cincinnati Eye Institute Foundation Cincinnati, OH | $692,128 | $608,775 |
Ohio Lions Eye Research Foundation Ashland, OH | $2,340,642 | $200,815 |
The International Society For Eye Research South Euclid, OH | $564,616 | $292,349 |
Foundation For Vision Research Grand Rapids, MI | $1,131,411 | $652,332 |
Pediatric Retinal Research Foundation Birmingham, MI | $1,328,734 | $119,077 |
Coa Research Foundation Dublin, OH | $0 | $0 |
Madison Central Lions Foundation Inc Fitchburg, WI | $111,761 | $0 |
International Thyroid Eye Disease Society Inc Columbus, OH | $91,331 | $0 |
Collaborative Network Of Innovative Vitreoretinal Specialists West Bloomfield, MI | $51,202 | $0 |
Eversight Ohio Cleveland, OH | $0 | $0 |