Brightfocus Foundation
- Assets
- $63.5m
- Revenue
- $48.7m
- Investments
- $7.8m
- Employees
- 69
- Location
- Clarksburg, MD
- Founding
- 01/1974
- Data as of
- 03/2024
- EIN
- 23-7337229
Organization Overview
Brightfocus Foundation is located in Clarksburg, MD. The organization was established in 1974. As of 03/2024, Brightfocus Foundation employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brightfocus 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 03/2024, Brightfocus Foundation generated $48.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $46.2m during the year ending 03/2024. While expenses have increased by 4.4% per year over the past 9 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, Brightfocus Foundation has awarded 587 individual grants totaling $120,893,867. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
BRIGHTFOCUS FOUNDATION (BRIGHTFOCUS) SEEKS A WORLD FREE FROM DISEASES OF MIND AND SIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALZHEIMER'S DISEASE RESEARCH (ADR)PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR ALZHEIMER'S DISEASE RESEARCH.
MACULAR DEGENERATION RESEARCH (MDR)PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR MACULAR DEGENERATION RESEARCH.
NATIONAL GLAUCOMA RESEARCH (NGR) PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR NATIONAL GLAUCOMA RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia M Stewart Chair | OfficerTrustee | 10 | $0 |
Cecilia Arradaza Vice Chair | OfficerTrustee | 6 | $0 |
Scott Kaiser MD Director Until 10/2023 Then Secretary | OfficerTrustee | 6 | $0 |
Edward Finley Treasurer - Until 12/2023 | OfficerTrustee | 8 | $0 |
Shawa Gottlieb Treasurer - As Of 12/2023 | OfficerTrustee | 6 | $0 |
Paul Campbell Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rkd Group Public Awareness Consulting & Materials | 3/30/24 | $9,668,749 |
Adstra Llc Mail List Rental | 3/30/24 | $1,382,715 |
Allegiance Group Online Public Awareness Consulting | 3/30/24 | $622,303 |
Data Management Inc Database Management | 3/30/24 | $273,722 |
Threesixtyeight Online Marketing Consulting | 3/30/24 | $352,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $144,175 |
| Membership dues | $0 |
| Fundraising events | $250,290 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,978,738 |
| Noncash contributions included in lines 1a–1f | $87,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,373,203 |
| Total Program Service Revenue | $0 |
| Investment income | $798,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $453,517 |
| Net Rental Income | $468,286 |
| Net Gain/Loss on Asset Sales | $3,904,034 |
| Net Income from Fundraising Events | -$334,470 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,662,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,478,202 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,225,891 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,673,188 |
| Compensation of current officers, directors, key employees. | $284,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,983,008 |
| Pension plan accruals and contributions | $219,886 |
| Other employee benefits | $663,765 |
| Payroll taxes | $336,824 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,990 |
| Fees for services: Accounting | $81,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $952,781 |
| Fees for services: Investment Management | $273,750 |
| Fees for services: Other | $1,594,728 |
| Advertising and promotion | $1,079,425 |
| Office expenses | $970,677 |
| Information technology | $831,368 |
| Royalties | $0 |
| Occupancy | $450,550 |
| Travel | $333,566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,447,219 |
| Interest | $335,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $611,056 |
| Insurance | $89,387 |
| All other expenses | $0 |
| Total functional expenses | $46,217,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $829,628 |
| Savings and temporary cash investments | $8,516,562 |
| Pledges and grants receivable | $6,199,054 |
| Accounts receivable, net | $23,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $28,325 |
| Prepaid expenses and deferred charges | $998,282 |
| Net Land, buildings, and equipment | $7,847,284 |
| Investments—publicly traded securities | $31,237,150 |
| Investments—other securities | $7,784,535 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,464,652 |
| Accounts payable and accrued expenses | $2,580,327 |
| Grants payable | $24,991,458 |
| 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 | $9,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $674,130 |
| Total liabilities | $37,245,915 |
| Net assets without donor restrictions | $12,270,789 |
| Net assets with donor restrictions | $13,947,948 |
| 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 | $63,464,652 |
Grants Awarded
Over the last fiscal year, Brightfocus Foundation has awarded $7,478,202 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: NATIONAL GLAUCOMA RESEARCH BY SIMON JOHN, PHD, ENTITLED: (CG2020004) | $166,667 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: MACULAR DEGENERATION RESEARCH BY NEETU KUSHWAH, PHD, ENTITLED: (M2024002F) | $200,000 |
DUKE UNIVERSITY PURPOSE: NATIONAL GLAUCOMA RESEARCH BY W. DANIEL STAMER, PHD, ENTITLED: (CG2020002) | $52,325 |
EMORY UNIVERSITY PURPOSE: ALZHEIMER'S DISEASE RESEARCH BY BRITTANY BUTTS, PHD, ENTITLED: (A2024024S) | $300,000 |
GEORGIA INSTITUTE OF TECHNOLOGY PURPOSE: NATIONAL GLAUCOMA RESEARCH BY C. ROSS ETHIER, PHD, ENTITLED: (CG2020001) | $85,561 |
GEORGIA TECH RESEARCH CORPORATION PURPOSE: NATIONAL GLAUCOMA RESEARCH BY HANNAH YOUNGBLOOD, PHD, ENTITLED: (G2024001F) | $150,000 |