Retina Research Foundation
- Assets
- $3.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- 01/1971
- Data as of
- 12/2022
- EIN
- 23-7087830
Organization Overview
Retina Research Foundation is located in Houston, TX. The organization was established in 1971. 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. Retina 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 12/2022, Retina Research Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 8 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 2015, Retina Research Foundation has awarded 87 individual grants totaling $9,200,329. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE RETINA RESEARCH FOUNDATION IS TO REDUCE RETINAL BLINDNESS WORLDWIDE BY FUNDING PROGRAMS IN RESEARCH AND EDUCATION. AS A PUBLIC CHARITY, RRF RAISES FUNDS FROM THE PRIVATE SECTOR AND THE INVESTMENT OF ITS ENDOWMENT FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE RETINA RESEARCH FOUNDATION IS TO REDUCE RETINAL BLINDNESS WORLDWIDE BY FUNDING PROGRAMS IN RESEARCH AND EDUCATION. AS A PUBLIC CHARITY, RRF RAISES FUNDS FROM THE PRIVATE SECTOR AND THE INVESTMENT OF ITS ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn A Bernard Jr Director | Trustee | 1 | $0 |
Patricia K Boyd Director | Trustee | 1 | $0 |
Petros E Carvounis MD Director | Trustee | 1 | $0 |
Rosanette S Cullen Director | Trustee | 1 | $0 |
John C Dawson Jr Chairman | OfficerTrustee | 1 | $0 |
Ronald G Girotto Chair, Board Of Advisory T | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,938,382 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,161,177 |
| Total Program Service Revenue | $0 |
| Investment income | $108,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,242 |
| 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 | $2,299,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,036,985 |
| 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 | $89,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $380 |
| Payroll taxes | $6,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,253 |
| Fees for services: Accounting | $25,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,094 |
| Advertising and promotion | $8,677 |
| Office expenses | $27,579 |
| Information technology | $1,784 |
| Royalties | $0 |
| Occupancy | $35,787 |
| Travel | $1,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $687 |
| Insurance | $3,361 |
| All other expenses | $0 |
| Total functional expenses | $2,293,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,115 |
| Savings and temporary cash investments | $698,860 |
| Pledges and grants receivable | $100,100 |
| 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 | $14,101 |
| Investments—publicly traded securities | $2,936,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12 |
| Other assets | $6,651 |
| Total assets | $3,916,625 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $100,000 |
| 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 | $100,000 |
| Net assets without donor restrictions | $3,649,125 |
| Net assets with donor restrictions | $167,500 |
| 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 | $3,916,625 |
Grants Awarded
Over the last fiscal year, Retina Research Foundation has awarded $1,557,200 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHEASTERN UNIVERSITY PURPOSE: GENERAL SUPPORT | $45,000 |
TEXAS A&M HEALTH SCIENCE CENTER PURPOSE: GENERAL SUPPORT | $45,000 |
INDIANA UNIVERSITY PURPOSE: GENERAL SUPPORT | $45,000 |
UNIVERSITY OF IOWA - INSTITUTE FOR VISION RESEARCH PURPOSE: GENERAL SUPPORT | $45,000 |
UNIVERSITY OF TENNESSEE PURPOSE: GENERAL SUPPORT | $45,000 |
UNIVERSITY OF TEXAS MEDICAL BRANCH - GALVESTON PURPOSE: GENERAL SUPPORT | $39,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retina Foundation Of The Southwest Dallas, TX | $13,241,837 | $7,846,410 |
Hermann Eye Fund Houston, TX | $31,152,690 | $4,800,170 |
Retina Research Foundation Houston, TX | $3,916,625 | $2,299,919 |
Tarrant Eye Resources Inc Fort Worth, TX | $552,814 | $446,778 |
Benign Essential Blepharospasm Research Foundation Inc Beaumont, TX | $1,832,628 | $370,429 |
Kino-Eye Centere For Visual Innovation Houston, TX | $33,130 | $0 |
Pediatric Vision Research And Diagnostic Center Fort Worth, TX | $267,895 | $94,759 |
Wheeler Vision Research Center Houston, TX | $15,165 | $0 |
Foundation For Retinal Research Metairie, LA | $106,947 | $0 |