Clao Education And Research Foundation Inc
- Assets
- $344.8k
- Revenue
- $7.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/1998
- Data as of
- 06/2021
- EIN
- 41-1876202
Organization Overview
Clao Education And Research Foundation Inc is located in Denver, CO. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clao Education And Research 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 06/2021, Clao Education And Research Foundation Inc generated $7.2k 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 (8.2%) each year. All expenses for the organization totaled $3.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) 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
EDUCATION AND RESEARCH & DEVELOPMENT RELATING TO CONTACT LENSES AND EYE HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND EDUCATIONAL PROGRAMS IN CONTACT LENSES AND ANTERIOR SEGMENT VISION CARE SCIENCE
FUND BASIC CLINICAL RESEARCH AND DEVELOPMENT RELEVANT TO CONTACT LENSES, ENHANCED VISUAL ACUITY AND ANTERIOR SEGMENT VISION CARE SCIENCE.
SUPPORT SCHOLARS AND MENTORING RELATIONSHIPS. PROVIDE TRAINING OPPORTUNITIES FOR RESIDENTS, FELLOWS AND YOUNG INVESTIGATORS. SUPPORT DISSEMINATION OF NEW CONTACT LENS AND OTHER MEANS OF VISION CORRECTION WORLDWIDE.
FUND EDUCATIONAL PROGRAMS IN CONTACT LENSES AND ANTERIOR SEGMENT VISION CARE SCIENCE
FUND BASIC CLINICAL RESEARCH AND DEVELOPMENT RELEVANT TO CONTACT LENSES, ENHANCED VISUAL ACUITY AND ANTERIOR SEGMENT VISION CARE SCIENCE.
SUPPORT SCHOLARS AND MENTORING RELATIONSHIPS. PROVIDE TRAINING OPPORTUNITIES FOR RESIDENTS, FELLOWS AND YOUNG INVESTIGATORS. SUPPORT DISSEMINATION OF NEW CONTACT LENS AND OTHER MEANS OF VISION CORRECTION WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Lance Forstot MD Chair | Trustee | 5 | $0 |
Thomas L Steinemann MD Trustee | Trustee | 5 | $0 |
Michael H Goldstein MD Trustee | Trustee | 5 | $0 |
Ira Udell MD Trustee | Trustee | 5 | $0 |
James E Key II MD Trustee | Trustee | 5 | $0 |
Deborah Jacobs MD Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $8,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,274 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,172 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,336 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,326 |
| 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 |
| Investments—publicly traded securities | $330,485 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,811 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $344,811 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Environmental Education Association Of New Mexico Albuquerque, NM | $130,667 | $261,983 |
The Association Of National Park Rangers Inc Tucson, AZ | $257,662 | $0 |
Copperstate Fly-In Mesa, AZ | $106,827 | $0 |
The Lenexa Rotary Foundation Lenexa, KS | $279,404 | $0 |
Parents & Professionals Associates Inc Omaha, NE | $2,230 | $0 |
Clao Education And Research Foundation Inc Denver, CO | $344,811 | $7,172 |