The Association For Research In Vision And Ophthalmology
- Assets
- $17.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 35
- Location
- Rockville, MD
- Founding
- 02/1945
- Data as of
- 12/2020
- EIN
- 34-0812556
Organization Overview
The Association For Research In Vision And Ophthalmology is located in Rockville, MD. The organization was established in 1945. 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. As of 12/2021, Association For Research In Vision And Ophthalmology employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For Research In Vision And Ophthalmology 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 12/2020, Association For Research In Vision And Ophthalmology generated $5.0m 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 (11.3%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE RESEARCH TO UNDERSTAND THE VISUAL SYSTEM & PREVENT, TREAT & CURE ITS DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION - THE MEMBERS OF THE ASSOCIATION GATHER ANNUALLY AND PERIODICALLY TO SHARE THE RESULTS OF THEIR RESEARCH EFFORTS. THE ARVO 2021 ANNUAL MEETING WAS HELD VIRTUALLY DUE TO COVID-19 PANDEMIC.
JOURNALS - PUBLICATIONS INCLUDE IOVS, JOV, AND TVST THAT FOCUS ON EYE AND VISION RESEARCH.
AWARDS AND GRANTS - ARVO PROVIDES TWO TYPES OF AWARDS: ACHIEVEMENT AWARDS TO HONOR INDIVIDUALS FOR THEIR CONTRIBUTIONS TO OPHTHALMOLOGY AND VISION SCIENCE; AND TRAVEL GRANTS THAT PROVIDE SUPPORT TO INVESTIGATORS WHO HAVE AN ACCEPTED AND HIGH-INTEREST ABSTRACT FOR PRESENTATION AT THE ANNUAL MEETING. NO TRAVEL GRANTS WERE PAID IN 2021 DUE TO A VIRTUAL EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iris M Rush Cae Executive Director | Officer | 37.5 | $356,682 |
James Jorkasky Executive Director, Naevr/aevr | 37.5 | $251,390 | |
Jason Spessard Cae Chief Operating & Financial Officer | Officer | 37.5 | $213,183 |
Timothy Maxey Chief Information Officer | Officer | 37.5 | $182,644 |
Lancey Cowan JD Cae Chief Officer, Meetings & Community Engagement | Officer | 37.5 | $182,322 |
Julene Joy Cae Chief Marketing & Communic. Officer | Officer | 37.5 | $151,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,722,165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,877,446 |
| Total Program Service Revenue | $2,471,104 |
| Investment income | $268,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $38,549 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $339,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,996,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $758 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $998,817 |
| Compensation of current officers, directors, key employees. | $673,477 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,470,283 |
| Pension plan accruals and contributions | $204,718 |
| Other employee benefits | $325,585 |
| Payroll taxes | $178,086 |
| Fees for services: Management | $86,485 |
| Fees for services: Legal | $33,581 |
| Fees for services: Accounting | $37,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,414 |
| Fees for services: Other | $513,226 |
| Advertising and promotion | $237,677 |
| Office expenses | $405,084 |
| Information technology | $405,023 |
| Royalties | $0 |
| Occupancy | $390,294 |
| Travel | $69,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,206 |
| Insurance | $23,881 |
| All other expenses | $0 |
| Total functional expenses | $7,443,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,162 |
| 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 | $486,976 |
| Net Land, buildings, and equipment | $1,216,350 |
| Investments—publicly traded securities | $14,211,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,282 |
| Total assets | $17,004,319 |
| Accounts payable and accrued expenses | $818,101 |
| Grants payable | $0 |
| Deferred revenue | $1,397,491 |
| 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 | $973,244 |
| Total liabilities | $3,188,836 |
| Net assets without donor restrictions | $13,781,743 |
| Net assets with donor restrictions | $33,740 |
| 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 | $17,004,319 |
Grants Awarded
Over the last fiscal year, The Association For Research In Vision And Ophthalmology has awarded $126,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Rockville, MD PURPOSE: ADVOCACY FOR RESEARCH | $94,500 |
Rockville, MD PURPOSE: ADVOCACY FOR RESEARCH | $31,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Association For Research In Vision And Ophthalmology has recieved totaling $176.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Endowment Analysis
| Beg. Balance | $527,879 |
| Earnings | $93,969 |
| Grants | $4,121 |
| Ending Balance | $617,727 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Association For Research In Vision And Ophthalmology Rockville, MD | $17,004,319 | $4,996,514 |
Eye & Ear Foundation Inc Pittsburgh, PA | $60,351,580 | $25,333,701 |
American Society Of Cataract And Refractive Surgery Foundation Fairfax, VA | $6,426,034 | $1,064,638 |
National Alliance For Eye And Vision Research Inc Rockville, MD | $1,467,724 | $490,417 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $981,796 | $203,641 |
Multiple District 22 Lions Vision Research Foundation Inc Baltimore, MD | $642,911 | $132,627 |
Collaborative Community On Ophthalmic Imaging Foundation Reston, VA | $44,251 | $0 |
Blaydes Eye Foundation Bluefield, WV | $172,660 | $32,083 |
Philadelphia Retina Endowment Fund C/O Jay Federman Md Philadelphia, PA | $0 | -$302 |
University Ophthalmic Consultants Of Washington Pc Research & Educat Chevy Chase, MD | $62,687 | $0 |
Moore Eye Foundation Springfield, PA | $12,452 | $0 |