Eye & Ear Foundation Inc
- Assets
- $54.3m
- Revenue
- $10.2m
- Investments
- $42.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 25-1439732
Organization Overview
Eye & Ear Foundation Inc is located in Pittsburgh, PA. The organization was established in 1985. 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. Eye & Ear Foundation 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 06/2022, Eye & Ear Foundation Inc generated $10.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 5.6% 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 2016, Eye & Ear Foundation Inc has awarded 12 individual grants totaling $19,596,199. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT.
Describe the Organization's Program Activity:
GRANTS TO DEPARTMENT OF OTOLARYNGOLOGY AND DEPARTMENT OF OPHTHALMOLOGY OF UNIVERSITY OF PITTSBURGH'S SCHOOL OF MEDICINE AND RELATED PROGRAMS AT THE UNIVERSITY OF PITTSBURGH AND UPMC HEALTH SYSTEM TO CONSISTENTLY IMPROVE THE QUALITY OF SCIENTIFIC ENDEAVORS. IN ADDITION TO GRANT MAKING ACTIVITY, THE ORGANIZATION ENGAGES IN FUNDRAISING ACTIVITIES TO RAISE DOLLARS TO FUND INNOVATIVE RESEARCH AND IMPROVE ACCESS TO CARE IN THE FIELDS OF OPHTHALMOLOGY AND OTOLARYNGOLOGY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Auld Edd Board Member (exit 06/22) | Trustee | 0.5 | $0 |
Neal S Beckford MD Board Member | Trustee | 0.5 | $0 |
Henry S Beukema Board Member | Trustee | 0.5 | $0 |
Glenn E Bost II Board Member | Trustee | 0.5 | $0 |
Margaretha Casselbrant Board Member (enter 09/21) | Trustee | 0.5 | $0 |
Deepinder K Dhaliwal MD Lac Board Member | Trustee | 0.5 | $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 | $3,803,546 |
| Noncash contributions included in lines 1a–1f | $221,933 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,803,546 |
| Total Program Service Revenue | $0 |
| Investment income | $839,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,531,483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,174,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,722,988 |
| Grants and other assistance to domestic individuals. | $12,450 |
| 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 | $10,140 |
| Fees for services: Accounting | $32,359 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $157,768 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,335 |
| Information technology | $23,897 |
| Royalties | $0 |
| Occupancy | $10,249 |
| Travel | $32,566 |
| 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 | $13,349 |
| All other expenses | $0 |
| Total functional expenses | $6,569,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $936,164 |
| Savings and temporary cash investments | $737,438 |
| Pledges and grants receivable | $117,141 |
| Accounts receivable, net | $10,475,713 |
| 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 | $0 |
| Investments—other securities | $42,021,764 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,288,220 |
| Accounts payable and accrued expenses | $62,164 |
| Grants payable | $206,729 |
| 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 | $268,893 |
| Net assets without donor restrictions | $18,218,757 |
| Net assets with donor restrictions | $35,800,570 |
| 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 | $54,288,220 |
Grants Awarded
Over the last fiscal year, Eye & Ear Foundation Inc has awarded $4,722,988 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF PITTSBURGH PURPOSE: GENERAL SUPPORT FOR ACADEMIC RESEARCH | $4,510,107 |
UPMC PURPOSE: GENERAL SUPPORT FOR ACADEMIC RESEARCH | $87,881 |
PARKVIEW HEALTH PURPOSE: GENERAL SUPPORT FOR ACADEMIC RESEARCH | $125,000 |