Foundation Fighting Blindness Inc is located in Columbia, MD. The organization was established in 1973. 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. As of 06/2022, Foundation Fighting Blindness Inc employed 68 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Foundation Fighting Blindness 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 06/2020, Foundation Fighting Blindness Inc generated $35.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $41.1m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Foundation Fighting Blindness Inc has awarded 307 individual grants totaling $129,119,200. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE URGENT MISSION OF THE FOUNDATION FIGHTING BLINDNESS IS TO DRIVE THE RESEARCH THAT WILL PROVIDE PREVENTIONS, TREATMENTS AND CURES FOR PEOPLE AFFECTED BY RETINITIS PIGMENTOSA, AGE-RELATED MACULAR DEGENERATION, USHER SYNDROME AND THE ENTIRE SPECTRUM OF RETINAL DEGENERATIVE DISEASES. THE FOUNDATION IS A BEACON FOR THOSE AFFECTED BY THESE BLINDING DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: THE FOUNDATION FIGHTING BLINDNESS, INC. (THE FOUNDATION) FUNDED RESEARCHERS ARE ACHIEVING REMARKABLE SUCCESS IN DISCOVERING, TESTING AND DELIVERING TO PATIENTS A WIDE RANGE OF PROMISING THERAPIES TO PREVENT, STOP THE PROGRESSION OF, AND CURE BLINDNESS DUE TO RETINAL DEGENERATIVE DISEASES. THE FOUNDATION HAS ENCUMBRANCES OF $39 MILLION, NOT INCLUDED ON OUR JUNE 30 FINANCIAL REPORT, FOR ACTIVE RESEARCH PROJECTS THAT HAVE FUTURE RESEARCH MILESTONES. OUR RESEARCH OVERSIGHT COMMITTEE'S SPENDING PLAN INCLUDES SPENDING AT AN AVERAGE OF $21 MILLION ANNUALLY TO SUPPORT FUTURE RESEARCH.AS OF THE END OF OUR FISCAL YEAR 2022, THE FOUNDATION'S RESEARCH GRANTS PROGRAM IS FUNDING 81 GRANTS BEING CONDUCTED BY MORE THAN 105 INVESTIGATORS AT 70 INSTITUTIONS, EYE HOSPITALS AND UNIVERSITIES IN THE U.S. AND AROUND THE WORLD. A SAMPLING OF THE RESEARCH PROJECTS FUNDED ARE LISTED BELOW.HOMOLOGY-INDEPENDENT GENOME EDITING FOR TREATMENT OF STARGARDT DISEASEIVANA TRAPANI, PHD, UNIVERSIT DEGLI STUDI DI NAPOLI "FEDERICO II" NAPLES, ITALYGENE THERAPY DEVELOPMENT FOR STARGARDT DISEASE IS CHALLENGING BECAUSE ABCA4, THE MUTATED GENE CAUSING STARGARDT DISEASE, IS TOO LARGE FOR MOST VIRAL DELIVERY SYSTEMS. DR. TRAPANI IS EVALUATING A HIGHLY EFFICIENT CRISPR/CAS9 GENE-EDITING TECHNOLOGY - HOMOLOGY INDEPENDENT TARGETED INSERTION (HITI) - TO ADDRESS MUTATIONS IN ABCA4. HER EARLY PROOF-OF-CONCEPT STUDIES ARE BEING PERFORMED IN A STARGARDT DISEASE MOUSE MODEL AND A THREE-DIMENSIONAL RETINAL ORGANOID IN A DISH.ADAR-BASED RNA EDITING AS A POTENTIAL THERAPY FOR INHERITED RETINAL DEGENERATIONSDROR SHARON, PHD, HADASSAH-HEBREW UNIVERSITY MEDICAL CENTERMANY EMERGING THERAPIES TARGET MUTATIONS IN OUR GENES - OUR DNA. DR. SHARON IS INVESTIGATING A NEW TOOL FOR EDITING RNA - THE GENETIC MESSAGES DERIVED FROM DNA WHICH ARE USED BY OUR CELLS TO PRODUCE PROTEINS. KNOWN AS "INTRINSIC ADENOSINE DEAMINASE ACTING ON RNA, OR ADAR, THE TECHNOLOGY SPECIFICALLY ADDRESSES G-TO-A MUTATIONS. DR. SHARON BELIEVES THAT ABOUT 30 PERCENT OF THE MOST COMMONLY REPORTED IRD-CAUSING MUTATIONS CAN BE TARGETED FOR ADAR EDITING (MAINLY IN RELATIVELY LARGE GENES SUCH AS ABCA4 AND USH2A). HIS LAB IS EVALUATING THE TECHNOLOGY IN CELLS AND MOUSE MODELS OF RETINAL DISEASE.PRIME EDITING FOR USHER SYNDROME TYPE 2ABENCE GYORGY, MD, PHD, INSTITUTE OF MOLECULAR AND CLINICAL OPHTHALMOLOGY BASELDR. GYORGY IS DEVELOPING A GENE CORRECTION STRATEGY KNOWN AS PRIME EDITING, A NOVEL TECHNOLOGY THAT IS IN SOME WAYS SIMILAR TO GENE EDITING WITH CRISPR/CAS9, BUT POTENTIALLY MORE PRECISE AND EFFICIENT. INSTEAD OF CUTTING THE DOUBLE STRANDS OF DNA, IT NICKS THE DNA, WHICH MAY BE A PREFERRED APPROACH TO CORRECTING SINGLE-LETTER MUTATIONS. DR. GYORGY IS DEVELOPING A PRIME EDITING TREATMENT TO INSERT THE MISSING G NUCLEOTIDE INTO RETINAL CELLS WITH THE RELATIVELY COMMON USH2A MUTATION DEL2299G. IN ORDER TO FACILITATE TRANSLATION OF THIS CONCEPT TO THE CLINIC, HE WILL EVALUATE THE THERAPY IN HUMAN RETINAL EXPLANTS, HUMAN ENGINEERED RETINAL ORGANOIDS AND HUMANIZED MOUSE MODELS. IF THE APPROACH IS SUCCESSFUL, IT MAY BE APPLIED TO OTHER MUTATIONS AND IRDS.
PUBLIC HEALTH EDUCATION: DURING FISCAL YEAR 2022, THROUGH OUR CHATLOS FOUNDATION PUBLIC EDUCATION PROGRAM, THE FOUNDATION AIMED TO CONTINUE TO PROVIDE EDUCATION AND SUPPORT TO PEOPLE AFFECTED BY RETINAL DEGENERATIVE DISEASES. THE FOUNDATION ALSO FIELDS A TEAM OF PROFESSIONALS FOCUSED ON EDUCATING OPHTHALMOLOGISTS AND OPTOMETRISTS ON THE LATEST ADVANCEMENTS WITH THE FOUNDATIONS RESOURCES AND RESEARCH ON THE INHERITED RETINAL DISEASE SPACE. TO KEEP OUR CONSTITUENTS AND PROFESSIONALS INFORMED, THE FOUNDATION PUBLISHES EXTENSIVE CONTENT VIA WEBSITE AND SOCIAL MEDIA/EMAIL CHANNELS; DISTRIBUTES A NEWSLETTER ONLINE AND IN PRINT; HOLDS QUARTERLY INSIGHTS FORUM CALLS TO INFORM THE COMMUNITY ABOUT SCIENTIFIC PROGRESS. THE CONTENT PRODUCED INCLUDES THE LATEST DEVELOPMENTS IN RESEARCH AND CLINICAL TRIALS, AND PERSONAL STORIES FROM MEMBERS OF THE FIGHTING BLINDNESS COMMUNITY. ADDITIONALLY, THE FOUNDATION HOLDS CONTINUING MEDICAL EDUCATION COURSES TWICE A YEAR, FOCUSED ON PROVIDING TIMELY CONTENT TO EYECARE PROFESSIONALS.CHAPTERS BRING THE FOUNDATION'S MESSAGE AND MISSION TO LIFE. IN FY22 THE FOUNDATION SUPPORTED OVER 41 VOLUNTEER-LED CHAPTERS IN 22 STATES. THE CHAPTERS HELD 46 VIRTUAL SPEAKER PRESENTATIONS, SOCIALS, AND OTHER OUTREACH ACTIVITIES, AND CO-HOSTED SIX VIRTUAL VISION WEBINARS WITH THE FOUNDATION WITH OVER 1,000 PEOPLE IN ATTENDANCE FOR EACH WEBINAR. THIS YEAR, THE CHAPTERS ARE HOSTING OVER 80 IN-PERSON SPEAKER PRESENTATIONS AND LAUNCHING 6 NEW CHAPTERS ACROSS THE COUNTRY.
MY RETINA TRACKER REGISTRY: THE FOUNDATION MAINTAINS A RESEARCH DATABASE OF PEOPLE AND FAMILIES AFFECTED BY RARE INHERITED RETINAL DEGENERATIVE DISEASES. THE REGISTRY IS DESIGNED TO SHARE DE-IDENTIFIED INFORMATION WITHIN THE IRD RESEARCH AND CLINICAL COMMUNITIES ABOUT PEOPLE WITH AN INHERITED RETINAL DISEASE TO HELP ACCELERATE THE DISCOVERY OF TREATMENTS AND CURES. DURING FISCAL YEAR 2022 APPROXIMATELY 3,200 ADDITIONAL MEMBERS WERE ADDED TO THE REGISTRY, BRINGING TOTAL REGISTERED INDIVIDUALS UP TO 21,816.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Benjamin R Yerxa CEO | Officer | 26 | $431,138 |
Jason D Menzo COO | Officer | 30 | $346,030 |
Todd A Durham Vp, Clinical & Outcomes Research | Officer | 40 | $269,889 |
Patricia Dudley Chro (thru 11/15/21) | Officer | 40 | $259,940 |
Claire Gelfman Chief Scientific Officer(beg 4/26/21) | Officer | 40 | $234,991 |
Nancy M Davenport Vp, Finance (thru 9/28/21) | Officer | 40 | $209,226 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fuse Fundraising Group Llc Direct Marketing Consultant | 6/29/22 | $566,208 |
Contemporary Productions Llc Entertainment For Fundraising Events | 6/29/22 | $496,767 |
Red Deluxe Llc Fund Raising Campaign Consultants | 6/29/22 | $360,842 |
Iqvia Technology Services Mrt Consultants | 6/29/22 | $212,500 |
Gaskill Strategies Llc Fund Raising Campaign Consultants | 6/29/22 | $219,415 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $31,895,116 |
Investment income | $5,263,368 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $29,695 |
Net Rental Income | $32,473 |
Net Gain/Loss on Asset Sales | -$1,884,689 |
Net Income from Fundraising Events | -$303,108 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $35,372,887 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $3,000,819 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,907,193 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,042,769 |
Pension plan accruals and contributions | $268,289 |
Other employee benefits | $627,406 |
Payroll taxes | $408,073 |
Fees for services: Management | $1,925,738 |
Fees for services: Legal | $8,663 |
Fees for services: Accounting | $49,413 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $686,365 |
Fees for services: Investment Management | $325,629 |
Fees for services: Other | $0 |
Advertising and promotion | $123,369 |
Office expenses | $396,348 |
Information technology | $353,845 |
Royalties | $0 |
Occupancy | $712,467 |
Travel | $246,734 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $437,994 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $353,402 |
Insurance | $248,229 |
All other expenses | $0 |
Total functional expenses | $41,134,475 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $8,753,237 |
Savings and temporary cash investments | $25,363,837 |
Pledges and grants receivable | $28,415,543 |
Accounts receivable, net | $550,430 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $500,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,012,101 |
Investments—publicly traded securities | $86,180,174 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,644,086 |
Total assets | $159,573,247 |
Accounts payable and accrued expenses | $1,293,010 |
Grants payable | $10,904,636 |
Deferred revenue | $17,450 |
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 | $1,062,123 |
Other liabilities | $736,855 |
Total liabilities | $14,014,074 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $145,559,173 |
Over the last fiscal year, Foundation Fighting Blindness Inc has awarded $22,218,309 in support to 25 organizations.
Grant Recipient | Amount |
---|---|
Columbia, MD PURPOSE: RESEARCH | $15,056,682 |
Philadelphia, PA PURPOSE: RESEARCH | $993,565 |
Boston, MA PURPOSE: RESEARCH | $840,000 |
Portland, OR PURPOSE: RESEARCH | $768,344 |
La Jolla, CA PURPOSE: RESEARCH | $675,000 |
Seattle, WA PURPOSE: RESEARCH | $644,650 |
Over the last fiscal year, we have identified 5 grants that Foundation Fighting Blindness Inc has recieved totaling $352,500.
Awarding Organization | Amount |
---|---|
Usher 1f Collaborative Inc Newtonville, MA | | $300,000 |
Cranberry Cup Charitableassociation Inc Concord, MA PURPOSE: TO HELP ORGANIZATION MEET ITS CHARITABLE PURPOSE | $50,000 |
Cooper Family Foundation Inc South Burlington, VT PURPOSE: GENERAL SUPPORT | $1,000 |
Norman & Myra Ricken Trust Charitable Trust West Palm Beach, FL PURPOSE: GENERAL | $1,000 |
Marisa Poster Kids For Kids Foundation Inc West Palm Beach, FL PURPOSE: CHARITABLE | $500 |
Beg. Balance | $4,200,522 |
Earnings | -$565,904 |
Ending Balance | $3,634,618 |
Organization Name | Assets | Revenue |
---|---|---|
Foundation Fighting Blindness Inc Columbia, MD | $159,573,247 | $35,372,887 |
The Association For Research In Vision And Ophthalmology Rockville, MD | $17,004,319 | $4,996,514 |
Eye & Ear Foundation Inc Pittsburgh, PA | $60,351,580 | $25,333,701 |
American Society Of Cataract And Refractive Surgery Foundation Fairfax, VA | $6,426,034 | $1,064,638 |
National Alliance For Eye And Vision Research Inc Rockville, MD | $1,467,724 | $490,417 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $981,796 | $203,641 |
Multiple District 22 Lions Vision Research Foundation Inc Baltimore, MD | $642,911 | $132,627 |
Collaborative Community On Ophthalmic Imaging Foundation Reston, VA | $44,251 | $0 |
Blaydes Eye Foundation Bluefield, WV | $172,660 | $32,083 |
Philadelphia Retina Endowment Fund C/O Jay Federman Md Philadelphia, PA | $0 | -$302 |
University Ophthalmic Consultants Of Washington Pc Research & Educat Chevy Chase, MD | $62,687 | $0 |
Moore Eye Foundation Springfield, PA | $12,452 | $0 |