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 06/2022, Cornea Research Foundation Of America Inc employed 5 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 06/2022, Cornea Research Foundation Of America Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $436.6k during the year ending 06/2022. 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Francis W Price Jr MD President | OfficerTrustee | 6 | $0 |
Jeff Potrzebowski Treasurer | OfficerTrustee | 1 | $0 |
Mike Waldner Vice President | OfficerTrustee | 1 | $0 |
Phil Gibson Secretary | OfficerTrustee | 1 | $0 |
Sandy Gooding Director | Trustee | 1 | $0 |
Richard King Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $36,940 |
Related organizations | $0 |
Government grants | $69,278 |
All other contributions, gifts, grants, and similar amounts not included above | $771,377 |
Noncash contributions included in lines 1a–1f | $561,235 |
Total Revenue from Contributions, Gifts, Grants & Similar | $877,595 |
Total Program Service Revenue | $229,020 |
Investment income | $33,193 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$634 |
Net Income from Fundraising Events | -$1,964 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,137,490 |
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. | $96,408 |
Compensation of current officers, directors, key employees. | $7,713 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $171,878 |
Pension plan accruals and contributions | $9,095 |
Other employee benefits | $609 |
Payroll taxes | $20,796 |
Fees for services: Management | $0 |
Fees for services: Legal | $366 |
Fees for services: Accounting | $7,007 |
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 | $1,604 |
Information technology | $6,045 |
Royalties | $0 |
Occupancy | $17,323 |
Travel | $460 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,925 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,900 |
Insurance | $8,491 |
All other expenses | $657 |
Total functional expenses | $436,581 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $168,075 |
Savings and temporary cash investments | $176,270 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $26,214 |
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 | $48,650 |
Investments—publicly traded securities | $1,647,801 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,067,010 |
Accounts payable and accrued expenses | $6,034 |
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 | $0 |
Total liabilities | $6,034 |
Net assets without donor restrictions | $2,060,976 |
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 | $2,067,010 |