Cornea Research Foundation Of America Inc
- Assets
- $1.5m
- Revenue
- $406.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Indianapolis, IN
- Founding
- 07/1993
- Data as of
- 06/2021
- EIN
- 31-1243592
Organization Overview
Cornea Research Foundation Of America Inc is located in Indianapolis, IN. The organization was established in 1993. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2021, Cornea Research Foundation Of America Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornea Research Foundation Of America 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 06/2021, Cornea Research Foundation Of America Inc generated $406.8k 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 (6.6%) each year. All expenses for the organization totaled $383.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 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
CORNEA RESEARCH FOUNDATION OF AMERICA, INC. ENGAGES IN MEDICAL RESEARCH AND EDUCATIONAL PROGRAMS RELATED TO VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR RESEARCH STUDIES RESULTED IN PUBLICATION OF 5 PEER-REVIEWED ARTICLES AND BOOK CHAPTERS ON NEW TREATMENTS FOR VISION PROBLEMS, AS WELL AS 24 PRESENTATIONS AT NATIONAL AND INTERNATIONAL EYE MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marianne Price Executive Director | Officer | 45 | $81,538 |
Francis W Price Jr MD President | OfficerTrustee | 6 | $0 |
Jeff Potrzebowski Treasurer | OfficerTrustee | 1 | $0 |
Robert L Grimm Vice President | OfficerTrustee | 1 | $0 |
Terry Coyle Secretary | OfficerTrustee | 1 | $0 |
Julie Kitcoff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,277 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,257 |
| Total Program Service Revenue | $134,075 |
| Investment income | $14,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $363 |
| Net Income from Fundraising Events | -$3,888 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,813 |
| 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. | $93,200 |
| Compensation of current officers, directors, key employees. | $7,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,745 |
| Pension plan accruals and contributions | $12,630 |
| Other employee benefits | $584 |
| Payroll taxes | $19,165 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $949 |
| Fees for services: Accounting | $7,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,419 |
| Information technology | $9,222 |
| Royalties | $0 |
| Occupancy | $17,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,426 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,950 |
| Insurance | $7,481 |
| All other expenses | $4,248 |
| Total functional expenses | $383,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,323 |
| Savings and temporary cash investments | $106,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,388 |
| 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 | $62,550 |
| Investments—publicly traded securities | $1,122,475 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,497,244 |
| Accounts payable and accrued expenses | $8,445 |
| Grants payable | $0 |
| Deferred revenue | $21,125 |
| 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 | $29,570 |
| Net assets without donor restrictions | $1,467,674 |
| 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 | $1,497,244 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cornea Research Foundation Of America Inc has recieved totaling $33,579.
| Awarding Organization | Amount |
|---|---|
Grube Family Foundation Inc Greenwood, IN PURPOSE: GENERAL | $17,500 |
Gaughan Family Foundation Las Vegas, NV PURPOSE: CHARITABLE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $5,850 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |
Hektoen Institute For Medical Research Chicago, IL | $65,726,936 | $31,693,206 |
Usona Institute Inc Madison, WI | $38,737,266 | $18,840,870 |
Chicago Association For Research And Education In Science Hines, IL | $11,790,723 | $5,694,956 |
International Association Of Assessing Officers Kansas City, MO | $8,352,276 | $4,892,120 |
Michael Reese Research And Education Foundation Chicago, IL | $25,901,146 | $3,650,987 |
International Society For Stem Cell Research Skokie, IL | $8,137,846 | $3,959,599 |
Midwest Veterans Biomedical Research Foundation Kansas City, MO | $3,199,382 | $2,142,096 |
Association Of Records Managers & Administrators Lees Summit, MO | $1,165,887 | $1,993,906 |
National Headache Foundation Chicago, IL | $2,418,040 | $1,328,229 |
Alliance For The Great Lakes Chicago, IL | $11,314,434 | $5,836,934 |