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 12/2021, Vitreoretinal Surgery Foundation generated $198.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $107.6k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 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 16 individual grants totaling $175,804. 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
2021
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. OVER THE PAST 5 YEARS THE NUMBER OF ATTENDEES HAS RANGED FROM 155 TO 195 IN ANY GIVEN YEAR WITH 13 TO 17 VENDORS EXCEPT FOR 2021 AS THE CONFERENCE WAS HELD VIRTUALLY.
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 28 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 28 AFFILLIATED TRAINING PROGRAMS. APPLICATIONS ARE REVIEWED BY OUR BOARD OF DIRECTORS CONSISTING OF MEMBERS OF OUR PROFESSIONAL PRACTICE, VITREORETINAL SURGERY 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. OVER THE LAST 5 YEARS THERE HAVE BEEN BETWEEN 39 & 50 APPLICATIONS WITH AWARDS RANGING FROM 18 TO 24 AND 2 TO 4 FELLOWSHIPS IN ANY GIVEN YEAR.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 101 PRESENTATIONS AND 84 PUBLICATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Herbert Cantrill MD President | OfficerTrustee | 3 | $0 |
Peter Tang MD PHD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Timothy Olsen MD Director | Trustee | 1 | $0 |
John Davies MD Director | Trustee | 1 | $0 |
Ananth Sastry MD 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 | $182,499 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $182,499 |
Total Program Service Revenue | $12,575 |
Investment income | $3,519 |
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 | $198,593 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $73,946 |
Grants and other assistance to domestic individuals. | $3,950 |
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 | $5,534 |
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 | $2,209 |
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 | $18,924 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $3,057 |
Total functional expenses | $107,620 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $616,322 |
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 | $3,766 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $217,276 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $837,364 |
Accounts payable and accrued expenses | $0 |
Grants payable | $14,000 |
Deferred revenue | $20,050 |
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 | $34,050 |
Net assets without donor restrictions | $803,314 |
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 | $837,364 |
Over the last fiscal year, Vitreoretinal Surgery Foundation has awarded $50,307 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
Ann Arbor, MI PURPOSE: RESEARCH/FELLOWSHIP AWARD | $10,516 |
REGENTS OF THE UNIVERSITY OF MINNESOTA PURPOSE: RESEARCH/FELLOWSHIP AWARD | $10,000 |
Saint Louis, MO PURPOSE: RESEARCH/FELLOWSHIP AWARD | $9,791 |
Redwood City, CA PURPOSE: RESEARCH/FELLOWSHIP AWARD | $8,000 |
Durham, NC PURPOSE: RESEARCH/FELLOWSHIP AWARD | $6,000 |
Rochester, MN PURPOSE: RESEARCH/FELLOWSHIP AWARD | $6,000 |
Over the last fiscal year, we have identified 1 grants that Vitreoretinal Surgery Foundation has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
Michael R Stedman Foundation Blaine, MN PURPOSE: SCHOOL | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
United Tribes Technical College Bismarck, ND | $70,420,177 | $32,338,787 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Peo Program For Continuing Education Des Moines, IA | $11,022,579 | $3,626,880 |
Western Great Lakes Finishing Trades Institute Madison, WI | $1,218,551 | $1,952,776 |
Metropolitan Sheet Metal Journeyman And Apprentice Training Trust Fund White Bear Lake, MN | $6,587,628 | $2,218,234 |
Build Wealth Mn Inc Minneapolis, MN | $4,473,899 | $4,002,738 |
Marnitas Table Inc Minneapolis, MN | $529,454 | $1,288,118 |
Transamerica Institute Cedar Rapids, IA | $123,385 | $1,020,293 |
Twin Cities Public Media Commons Saint Paul, MN | $12,555,396 | $250,000 |
African Economic Development Solutions St Paul, MN | $5,659,267 | $2,479,243 |
International Urogynecological Association Burnsville, MN | $3,133,599 | $1,060,166 |