Pediatric Vision Research And Diagnostic Center
- Assets
- $259.1k
- Revenue
- $46.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-2116318
Organization Overview
Pediatric Vision Research And Diagnostic Center is located in Fort Worth, TX. The organization was established in 2011. 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 Vision Research And Diagnostic Center 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 12/2021, Pediatric Vision Research And Diagnostic Center generated $46.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $86.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH A WORLD-CLASS RESEARCH AND DIAGNOSTIC CENTER FOR PEDIATRIC OPHTHALMOLOGY THAT WILL ADVANCE EXCELLENCE IN EYE CARE FOR ALL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BROUGHT IN VISITING SUBSPECIALISTS TO CONDUCT CLINICS, MEET WITH PATIENTS AND PERFORM SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric A Packwood MD President | OfficerTrustee | 5 | $0 |
Alan A Norman MD Medical Director | OfficerTrustee | 5 | $0 |
Michael G Hunt MD Research Director | OfficerTrustee | 5 | $0 |
Mark Alford MD Specialist | Trustee | 5 | $0 |
Jason Derry JD PHD Assistant General Counsel | Trustee | 5 | $0 |
Denny Alexander Member | Trustee | 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 | $46,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,613 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $46,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $7,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $450 |
| Advertising and promotion | $4,458 |
| Office expenses | $2,899 |
| Information technology | $1,656 |
| Royalties | $0 |
| Occupancy | $23,678 |
| 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 | $30,497 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $86,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,566 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $259,134 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,698 |
| Total liabilities | $3,698 |
| Net assets without donor restrictions | $255,436 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $259,134 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pediatric Vision Research And Diagnostic Center has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Robert D & Catherine R Alexander Foundation Fort Worth, TX PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hermann Eye Fund Houston, TX | $36,488,074 | $1,787,346 |
Retina Research Foundation Houston, TX | $4,418,640 | $2,470,353 |
Tarrant Eye Resources Inc Fort Worth, TX | $1,198,647 | $1,092,052 |
Benign Essential Blepharospasm Research Foundation Inc Beaumont, TX | $1,823,419 | $511,633 |
Kino-Eye Centere For Visual Innovation Houston, TX | $39,958 | $0 |
Schepens International Society Houston, TX | $0 | $0 |
Pediatric Vision Research And Diagnostic Center Fort Worth, TX | $259,134 | $46,613 |
Wheeler Vision Research Center Houston, TX | $15,165 | $0 |
Foundation For Retinal Research Metairie, LA | $106,947 | $0 |