Retina Foundation Of The Southwest
- Assets
- $13.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Dallas, TX
- Founding
- 12/1975
- Data as of
- 12/2023
- EIN
- 51-0151514
Organization Overview
Retina Foundation Of The Southwest is located in Dallas, TX. The organization was established in 1975. 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. As of 12/2023, Retina Foundation Of The Southwest employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retina Foundation Of The Southwest 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, Retina Foundation Of The Southwest generated $7.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $7.8m during the year ending 12/2023. While expenses have increased by 8.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ORGANIZED TO PROMOTE THE RESEARCH, DIAGNOSIS, TREATMENT AND EDUCATION OF THE LEADING CAUSES OF BLINDNESS AND IMPAIRED VISION. THE FOUNDATION ALSO STRIVES TO INCREASE THE UNDERSTANDING OF THE NORMAL DEVELOPMENT AND FUNCTION OF THE VISUAL SYSTEM IN ORDER TO PREVENT, DIAGNOSE AND TREAT SIGHT-THREATENING CONDITIONS, AND TO ENHANCE THE REHABILITATION, TRAINING AND QUALITY OF LIFE OF INDIVIDUALS WHO ARE PARTIALLY SIGHTED OR BLIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIES TO OPTIMIZE VISUAL OUTCOMES FOR CHILDREN WITH CONGENITAL AND EARLY-ONSET EYE CONDITIONS AND ULTIMATELY DEVELOP MORE SUCCESSFUL AND EFFECTIVE METHODS FOR EARLY SCREENING, TREATMENTS, AND ADHERENCE. RESEARCH INTO INNOVATIVE NEW TREATMENTS FOR INHERITED RETINAL DEGENERATIVE DISEASES, SUCH AS RETINITIS PIGMENTOSA. COLLECTING AND MAINTAINING CLINICAL AND GENETIC DATA FOR INDIVIDUALS WITH INHERITED EYE DISEASES. CONDUCT VARIOUS TYPES OF RESEARCH TO BETTER UNDERSTAND AGE-RELATED MACULAR DEGENERATION, DEVELOP WAYS TO SLOW THE PROGRESSION, AND DISCOVER BETTER TREATMENT OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajiv Anand MD Director | Trustee | 1 | $0 |
Diane Boddy Director | Trustee | 1 | $0 |
Mehmet Candas PHD Director | Trustee | 1 | $0 |
Alex M Cena Director | Trustee | 1 | $0 |
Lori Dao MD Director | Trustee | 1 | $0 |
Laurie Dotter CPA Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $633,003 |
| Related organizations | $386,531 |
| Government grants | $645,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,938,628 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,603,799 |
| Total Program Service Revenue | $0 |
| Investment income | $322,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$112,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,846,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,764,989 |
| 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. | $1,302,971 |
| Compensation of current officers, directors, key employees. | $212,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,194,697 |
| Pension plan accruals and contributions | $95,152 |
| Other employee benefits | $206,019 |
| Payroll taxes | $216,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,263 |
| Fees for services: Accounting | $56,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,657 |
| Advertising and promotion | $184,054 |
| Office expenses | $238,872 |
| Information technology | $67,198 |
| Royalties | $0 |
| Occupancy | $179,280 |
| Travel | $57,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $279,654 |
| Insurance | $62,762 |
| All other expenses | $0 |
| Total functional expenses | $7,801,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,441 |
| Savings and temporary cash investments | $6,680,938 |
| Pledges and grants receivable | $2,394,520 |
| 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 | $40,861 |
| Net Land, buildings, and equipment | $4,052,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,241,837 |
| Accounts payable and accrued expenses | $311,936 |
| Grants payable | $0 |
| Deferred revenue | $105,000 |
| 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 | $521,293 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $938,229 |
| Net assets without donor restrictions | $6,461,421 |
| Net assets with donor restrictions | $5,842,187 |
| 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 | $13,241,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retina Foundation Of The Southwest Dallas, TX | $13,241,837 | $7,846,410 |
Hermann Eye Fund Houston, TX | $31,152,690 | $4,800,170 |
Retina Research Foundation Houston, TX | $3,916,625 | $2,299,919 |
Tarrant Eye Resources Inc Fort Worth, TX | $552,814 | $446,778 |
Benign Essential Blepharospasm Research Foundation Inc Beaumont, TX | $1,832,628 | $370,429 |
Kino-Eye Centere For Visual Innovation Houston, TX | $33,130 | $0 |
Pediatric Vision Research And Diagnostic Center Fort Worth, TX | $267,895 | $94,759 |
Wheeler Vision Research Center Houston, TX | $15,165 | $0 |
Foundation For Retinal Research Metairie, LA | $106,947 | $0 |