Vitreoretinal Surgery Foundation is located in Edina, MN. The organization was established in 2005. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vitreoretinal Surgery Foundation 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 12/2023, Vitreoretinal Surgery Foundation generated $234.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $157.2k during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Vitreoretinal Surgery Foundation has awarded 22 individual grants totaling $267,481. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FURTHERING EDUCATION RELATING TO RETINAL MACULAR DISEASES AND ADVANCING CLINICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VRS FOUNDATION SPONSORS THE ANNUAL RETINAL UPDATE CONTINUING EDUCATION CONFERENCE. THIS HAS BEEN THE PRIMARY EDUCATIONAL ACTIVITY OF THE VRSF AND HAS OCCURRED ANNUALLY FOR THE PAST 27 YEARS. THE TARGET AUDIENCE IS PRACTICING OPHTHALMOLOGISTS AND OPTOMETRISTS IN THE UPPER MIDWEST. PRESENTATIONS ARE GIVEN BY VRS PHYSICIANS, AS WELL AS AN INVITED NATIONAL RECOGNIZED SPEAKER. THIS CONFERENCE IS ACCREDITED BY THE MINNESOTA MEDICAL ASSOCIATION FOR 4 AMA PRA CATEGORY 1 CREDITS. THE OPHTHALMIC BUSINESS COMMUNITY HAS FINANCIALLY SUPPORTED THE CONFERENCE AND EXHIBITS THEIR LATEST INNOVATIONS. IT IS THE ONLY CONFERENCE SPECIFICALLY ADDRESSING DISEASES OF THE RETINA AND MACULA IN OUR REGION EACH YEAR. IN 2023, THERE WERE 142 ATTENDEES AND 12 EXHIBITORS AT THE CONFERENCE.IN ADDITION, THE VRS FOUNDATION HOSTS A RESIDENT/FELLOW CASE REVIEW CONFERENCE THE EVENING BEFORE THE RETINAL UPDATE COURSE. RESIDENTS AND FELLOWS FROM VRS, UNIVERSITY OF MINNESOTA AND MAYO CLINIC PRESENT CHALLENGING CASES TO RCM, U OF MN AND MAYO CLINIC STAFF PHYSICIANS AS WELL AS OUR INVITED NATIONAL SPEAKER. IN 2023, THERE WERE 35 ATTENDEES TO LEARN ABOUT 10 DIFFERENT CASES PRESENTED.
VRSF HAS SPONSORED THE PRIMARY RETINAL DETACHMENT OUTCOMES (PRO) STUDY. THIS RESEARCH PROJECT WAS BEGUN IN 2016 UNDER THE DIRECTION OF DR EDWIN RYAN, ITS PRINCIPAL INVESTIGATOR. IT HAS BEEN FUNDED BY A GRANT FROM THE ALLINA FOUNDATION, MINNEAPOLIS MN, TO THE VRSF. THE PRO STUDY COMPILED A LARGE, COMPREHENSIVE OBSERVATIONAL DATASET FROM PATIENTS WHO UNDERWENT REPAIR OF RETINAL DETACHMENT IN 2015 IN SIX STUDY CENTERS ACROSS THE COUNTRY. 61 VITREORETINAL SURGEONS PARTICIPATED IN THIS STUDY. NEARLY 3,000 CASES OF PRIMARY RETINAL DETACHMENT WERE ENTERED IN THE STUDY DATABASE. THE DATASET HAS NOW BEEN ANALYZED TO DETERMINE PRE-OPERATIVE, INTRA-OPERATIVE AND POST-OPERATIVE CHARACTERISTICS WHICH IMPACT THE OUTCOME OF PRIMARY RETINAL DETACHMENT SURGERY. THE RESULTS OF THE PRO STUDY HAVE BEEN WIDELY DISSEMINATED THROUGHOUT THE OPHTHALMIC COMMUNITY, AND WILL STRONGLY INFLUENCE THE MANAGEMENT OF RETINAL DETACHMENT FOR YEARS TO COME. THE PRO STUDY HAS SO FAR RESULTED IN 9 PRESENTATIONS AT NATIONAL AND INTERNATIONAL SYMPOSIA, AND 17 PUBLICATIONS IN PEER-REVIEWED JOURNALS.
SINCE THE FOUNDING OF THE VITREORETINAL SURGERY FOUNDATION (VRSF) 2005, WE HAVE MAINTAINED A ROBUST RESEARCH PROGRAM. THE GOAL OF THE RESEARCH PROGRAM HAS BEEN TO SUPPORT YOUNG INVESTIGATORS AND ENCOURAGE THEM TO PURSUE A CAREER FOCUSING ON DISEASES OF THE RETINA. OUR RESEARCH PROGRAM IS OPEN TO MEDICAL STUDENTS, RESIDENTS AND FELLOWS AT OPHTHALMOLOGY TRAINING PROGRAMS, AND FULLTIME RESEARCH TRAINEES AT ACADEMIC CENTERS. WE ARE CURRENTLY WORKING WITH 31 PRACTICE BASED AND UNIVERSITY AFFILIATED PROGRAMS ACROSS THE COUNTRY.WE OFFER TWO TYPES OF RESEARCH GRANTS. OUR RESEARCH AWARD IS DESIGNED FOR OPHTHALMOLOGY RESIDENTS AND FELLOWS WHO WANT TO PURSUE A RESEARCH PROJECT DURING THEIR CLINICAL TRAINING. THE AWARD CONSISTS OF A RESEARCH STIPEND OF $2,000 TOGETHER WITH AN ADDITIONAL $1,000 FOR RESEARCH RELATED EXPENSES AND $1,000 FOR TRAVEL EXPENSES TO PRESENT RESEARCH RESULTS AT A NATIONAL SYMPOSIUM. OUR RESEARCH FELLOWSHIP IS DESIGNED FOR SOMEONE INVOLVED IN FULLTIME RESEARCH AT AN ACADEMIC INSTITUTION PURSUING AN ADVANCED DEGREE, SUCH AS A PHD OR MD/PHD. THE FELLOWSHIP HAS A STIPEND OF $10,000 AND AN ADDITIONAL $1,000 FOR TRAVEL EXPENSES TO PRESENT RESEARCH RESULTS AT A NATIONAL SYMPOSIUM.EACH YEAR BEGINNING IN JULY WE SOLICIT APPLICATIONS FROM OUR 31 AFFILIATED TRAINING PROGRAMS. APPLICATIONS ARE REVIEWED BY OUR BOARD OF DIRECTORS CONSISTING OF MEMBERS OF OUR PROFESSIONAL PRACTICE, RETINA CONSULTANTS OF MINNESOTA PLLC, AS WELL AS REPRESENTATIVES FROM THE UNIVERSITY OF MINNESOTA AND THE MAYO CLINIC. THE APPLICATION PROCESS IS COMPETITIVE, WITH APPROXIMATELY HALF OF THE APPLICATIONS SELECTED FOR AN AWARD OR FELLOWSHIP. IN 2023, THERE WERE 65 APPLICATIONS, WITH 30 RESEARCH AWARDS GIVEN, AND 3 FELLOWSHIPS AWARDED.THE SUCCESS OF OUR RESEARCH PROGRAM CAN BE MEASURED BY THE NUMBER OF PRESENTATIONS OF RESEARCH RESULTS AT NATIONAL MEETINGS AND PUBLICATION OF RESEARCH MANUSCRIPTS BY PEER REVIEWED JOURNALS. RESEARCH RESULTS ARE FREQUENTLY CITED IN ACADEMIC AND PROFESSIONAL PUBLICATIONS. RESULTS OF PRESENTATIONS ARE SOMETIMES PICKED UP BY LOCAL OR NATIONAL MEDIA. PUBLISHED MANUSCRIPTS ARE AVAILABLE TO THE ACADEMIC AND RESEARCH COMMUNITY THROUGH THE PUBMED SEARCH ENGINE, AND MOST JOURNAL ARTICLES ARE AVAILABLE TO MEMBERS OF THE OPHTHALMOLOGY PROFESSION THROUGH OPEN SOURCE JOURNAL ACCESS. OVER THE LAST 5 YEARS THERE HAS BEEN 120 PRESENTATIONS AND 88 PUBLICATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Herbert Cantrill MD President | OfficerTrustee | 3 | $0 |
Peter Tang MD PHD Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Davies MD Director | Trustee | 1 | $0 |
Timothy Olsen MD Director | Trustee | 1 | $0 |
Christopher Hwang Mn PHD Director | Trustee | 1 | $0 |
Heidi Wilson ESQ Director | Trustee | 1 | $0 |
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 | $176,476 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $176,476 |
Total Program Service Revenue | $44,275 |
Investment income | $13,621 |
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 | $234,372 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $91,285 |
Grants and other assistance to domestic individuals. | $10,734 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,460 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $165 |
Office expenses | $2,288 |
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 | $41,731 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,600 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $157,210 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $268,793 |
Savings and temporary cash investments | $342,917 |
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 | $6,060 |
Net Land, buildings, and equipment | $5,200 |
Investments—publicly traded securities | $346,418 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $969,388 |
Accounts payable and accrued expenses | $0 |
Grants payable | $46,000 |
Deferred revenue | $24,925 |
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 | $70,925 |
Net assets without donor restrictions | $898,463 |
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 | $969,388 |
Over the last fiscal year, Vitreoretinal Surgery Foundation has awarded $47,677 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
DUKE UNIVERSITY PURPOSE: RESEARCH/FELLOWSHIP AWARD | $22,677 |
STATE OF IOWA UNIVERSITY PURPOSE: RESEARCH/FELLOWSHIP AWARD | $10,000 |
STANFORD OFFICE OF RESEARCH ADMINISTRATION PURPOSE: RESEARCH/FELLOWSHIP AWARD | $15,000 |