Retina Research & Development Foundation
- Assets
- $3.0m
- Revenue
- $116.7k
- Investments
- $2.3m
- Employees
- 0
- Location
- Saint Louis, MO
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 43-6067402
Organization Overview
Retina Research & Development Foundation is located in Saint Louis, MO. The organization was established in 1967. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retina Research & Development 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 12/2022, Retina Research & Development Foundation generated $116.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $95.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESEARCH AND TEACH ABOUT DISEASES AND SURGERIES OF THE EYE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYMPOSIUMS COVERING TOPICS CONCERNING DISEASES OF THE EYE AND SURGICAL TECHNIQUES. ATTENDANCE OF APPROXIMATELY 198 VIRTUAL ATTENDEES AND 96 IN-PERSON ATTENDEES. THE FOUNDATION FUNDS STUDIES RELATED TO DEVELOPING THE MOST EFFECTIVE MEANS OF TREATING VARIOUS DISEASES OF THE RETINA AND VITREOUS. 5 PAPERS WERE PUBLISHED IN 2022 AS WELL AS 9 "CASE OF THE MONTH" ARTICLES. PRESENTATIONS WERE ALSO MADE AT VARIOUS CONFERENCES AND ON WEB-BASED MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Burgess MD Trustee | OfficerTrustee | 0.1 | $0 |
Daniel Joseph PHD MD Trustee | OfficerTrustee | 0.1 | $0 |
Matthew A Thomas MD Trustee | OfficerTrustee | 0.1 | $0 |
Financial Statements
| 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 | $35,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,865 |
| Total Program Service Revenue | $0 |
| Investment income | $80,846 |
| 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 | $116,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $3,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $31,877 |
| Advertising and promotion | $0 |
| Office expenses | $71 |
| Information technology | $1,092 |
| 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 | $38,181 |
| Interest | -$2 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,848 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $95,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $685,557 |
| 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 |
| Net Land, buildings, and equipment | $10,424 |
| Investments—publicly traded securities | $73,856 |
| Investments—other securities | $2,260,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $3,030,037 |
| 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 | $1,941 |
| Total liabilities | $1,941 |
| Net assets without donor restrictions | $3,028,096 |
| 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 | $3,030,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Pediatric Ophthalmology & Strabismus Brentwood, TN | $4,731,021 | $2,462,692 |
Alagille Syndrome Alliance Collierville, TN | $501,551 | $571,645 |
Christian Ophthalmology Society Inc Paducah, KY | $294,999 | $310,271 |
Optometric Glaucoma Society Lawrence, KS | $0 | $183,055 |
Retina Research & Development Foundation Saint Louis, MO | $3,030,037 | $116,711 |
Lions Eye Foundation Of District 26-M2 Washington, MO | $1,190,720 | $45,424 |
Missouri Optometric Foundation Inc Bolivar, MO | $1,045,749 | $42,416 |
The Better Vision Foundation Chicago, IL | $16,461 | $0 |
Chicago Center For Vision Research Ltd Chicago, IL | $143,864 | $0 |
Retina Center Research Fund Chesterfield, MO | $33,963 | $0 |