Midwest Vision Research Foundation
- Assets
- $3.5m
- Revenue
- $1.1m
- Investments
- $1.5m
- Employees
- 0
- Location
- Chesterfield, MO
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 43-1911559
Organization Overview
Midwest Vision Research Foundation is located in Chesterfield, MO. The organization was established in 2015. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Vision Research 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, Midwest Vision Research Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $229.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDWEST VISION RESEARCH FOUNDATION (DBA LIFELONG VISION FOUNDATION) SUPPORTS RESEARCH EFFORTS IN OPHTHALMOLOGY, TO EDUCATE PHYSICIANS AND THE GENERAL PUBLIC IN THE DIAGNOSIS AND TREATMENT OF OCULAR DISEASE, AND TO PROVIDE VISION SCREENING AND CORRECTIVE PROGRAMS TO SPECIFIC UNDERSERVED COMMUNITIES. LVF ACHIEVES ITS GOALS THROUGH PEPOSE VISION INSTITUTE (PVI) STUDIES AND CLINICAL TRIALS AND THROUGH THE GENEROUS SUPPORT OF PATIENTS AND THEIR FAMILY MEMBERS, CORPORATE CITIZENS, AND FOUNDATIONS WHO SHARE THE VISION OF LIFELONG EXCELLENCE IN EYE CARE. CURRENTLY, MIDWEST VISION RESEARCH FOUNDATION IS PARTICIPATING IN 23 STUDIES INVOLVING 115 PARTICIPANTS. THE FOUNDATION'S SUPPORT IS DERIVED PRIMARILY FROM FEES EARNED FOR PERFORMING THESE STUDIES, GRANT INCOME, AND CONTRIBUTIONS FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jay S Pepose President | 5 | $0 | |
Susan K Feigenbaum Vice President/secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,856 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $237,165 |
| Capital Gain Net Income | $237,165 |
| Net ST Capital Gain | $15,004 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $844,417 |
| Total Revenue | $1,104,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $122,231 |
| Pension plans, employee benefits | $19,753 |
| Interest | $0 |
| Taxes | $204 |
| Depreciation | $0 |
| Occupancy | $31,815 |
| Travel, conferences, and meetings | $13,215 |
| Printing and publications | $0 |
| Other expenses | $29,352 |
| Total operating and administrative expenses | $228,475 |
| Contributions, gifts, grants paid | $500 |
| Total expenses and disbursements | $228,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $970,557 |
| Savings and temporary cash investments | $324,814 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,329 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $101,105 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $692,736 |
| Total assets | $3,486,439 |
| Accounts payable and accrued expenses | $22,691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $33,826 |
| Total liabilities | $56,517 |
Grants Awarded
Over the last fiscal year, Midwest Vision Research Foundation has awarded $1,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE PURPOSE: ANNUAL RESEARCH FELLOWSHIP | $1,000 |
FOUNDATION FIGHTING BLINDNESS INC PURPOSE: FUND RESEARCH TO PROVIDE PREVENTIONS, TREATMENTS AND CURES FOR PEOPLE AFFECTED BY BLINDING DISEASES | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midwest Vision Research Foundation has recieved totaling $6,950.
| Awarding Organization | Amount |
|---|---|
Jewish Federation Of St Louis St Louis, MO PURPOSE: GENERAL SUPPORT | $6,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Riordan Clinic Inc Wichita, KS | $2,732,977 | $6,794,180 |
St Louis Integrated Health Network St Louis, MO | $2,446,332 | $3,130,676 |
Childrens Miracle Network Of Greater St Louis Manchester, MO | $1,652,131 | $2,716,140 |
Starkloff Disability Institute St Louis, MO | $918,711 | $1,451,893 |
Child Health Patient Safety Organization Inc Lenexa, KS | $325,211 | $996,300 |
The American Foregut Society Lombard, IL | $780,615 | $940,156 |
Midwest Health Initiative Saint Louis, MO | $297,432 | $766,326 |
Fellowship For Interpretation Of Genomes Burr Ridge, IL | $745,842 | $701,185 |
Alliance Of Independent Academic Medical Centers Chicago, IL | $396,282 | $503,823 |
Nebraska Management Information System Lincoln, NE | $227,134 | $318,950 |
Midwest Vision Research Foundation Chesterfield, MO | $3,486,439 | $1,104,438 |