The Arvo Foundation For Eye Research Inc
- Assets
- $8.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockville, MD
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 52-2322462
Organization Overview
The Arvo Foundation For Eye Research Inc is located in Rockville, MD. The organization was established in 2001. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, 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. Arvo Foundation For Eye Research Inc 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, Arvo Foundation For Eye Research Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $991.3k during the year ending 12/2021. While expenses have increased by 3.2% 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 2017, Arvo Foundation For Eye Research Inc has awarded 27 individual grants totaling $1,047,000. 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
A CATALYST FOR INNOVATION, WORKFORCE DEVELOPMENT, AND COLLABORATION IN VISION RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND GRANTS:THE ARVO FOUNDATION OFFERS A NUMBER OF AWARDS TO RECOGNIZE EXEMPLARY RESEARCH AND SEVERAL RESEARCH AWARDS AND FELLOWSHIPS THAT SUPPORT NOVEL RESEARCH PROJECTS, WITH AN EMPHASIS ON SUPPORTING SCIENTISTS WHO ARE EARLY IN THEIR CAREER OR FROM AN UNDERREPRESENTED GROUP.
EVENTS & INITIATIVES:THE ARVO FOUNDATION ORGANIZES FUNDRAISING EVENTS, AS WELL AS PROGRAMS AND INITIATIVES THAT HELP FURTHER THE CAREERS OF EYE AND VISION RESEARCHERS. OTHER INITIATIVES INCLUDE CAREER DEVELOPMENT PROGRAMS, ADVANCING WOMEN IN SCIENCE, ARVO'S INTERNATIONAL CHAPTER AFFILIATES, THE KEYNOTE SERIES AT THE ARVO ANNUAL MEETING AND SPECIALTY SCIENTIFIC MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel S Schuman MD Farvo Chair | OfficerTrustee | 2 | $0 |
Rafal Farjo PHD Treasurer | OfficerTrustee | 2 | $0 |
Paul Sternberg Jr MD Farvo Immediate Past Chair | OfficerTrustee | 1 | $0 |
Iris M Rush Cae Executive Director | Officer | 5 | $0 |
Jason P Spessard Cae Chief Operating & Financial Officer | Officer | 5 | $0 |
Emily Y Chew MD Farvo Governor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,202,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,341,530 |
| Total Program Service Revenue | $0 |
| Investment income | $277,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $353,628 |
| Net Income from Fundraising Events | -$8,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,963,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $185,000 |
| Grants and other assistance to domestic individuals. | $6,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $241,980 |
| 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 | $198,862 |
| Pension plan accruals and contributions | $8,423 |
| Other employee benefits | $16,459 |
| Payroll taxes | $7,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,268 |
| Fees for services: Other | $10,214 |
| Advertising and promotion | $76,000 |
| Office expenses | $39,985 |
| Information technology | $2,587 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $991,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,849 |
| Accounts receivable, net | $43,000 |
| 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 | $0 |
| Investments—publicly traded securities | $6,797,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $546,802 |
| Total assets | $8,550,005 |
| Accounts payable and accrued expenses | $251,045 |
| Grants payable | $0 |
| Deferred revenue | $87,100 |
| 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 | $931,924 |
| Total liabilities | $1,270,069 |
| Net assets without donor restrictions | $4,090,473 |
| Net assets with donor restrictions | $3,189,463 |
| 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 | $8,550,005 |
Grants Awarded
Over the last fiscal year, The Arvo Foundation For Eye Research Inc has awarded $145,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: RESEARCH AWARD | $50,000 |
NORTHEASTERN STATE UNIVERSITY PURPOSE: RESEARCH AWARD | $50,000 |
Boston, MA PURPOSE: RESEARCH AWARD | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Arvo Foundation For Eye Research Inc has recieved totaling $127,604.
| Awarding Organization | Amount |
|---|---|
Knights Templar Eye Foundation Inc Flower Mound, TX PURPOSE: ARVO TRAVEL GRANTS | $76,364 |
Research To Prevent Blindness Inc New York, NY PURPOSE: SPECIAL RESEARCH GRANT: EYEFIND INITIATIVE | $20,000 |
Brightfocus Foundation Clarksburg, MD PURPOSE: 2022 TRAVEL GRANTS FOR CONFERENCE ATTENDEES | $15,240 |
Brightfocus Foundation Clarksburg, MD PURPOSE: 2022 EYEFIND RESEARCH GRANT SPONSORSHIP | $10,000 |
Retinal Vascular Foundation Pepper Pike, OH PURPOSE: EDUCATION, TRAINING AND RESEARCH | $4,000 |
Marmor Foundation Berkeley, CA PURPOSE: GENERAL SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $326 |
| Earnings | $3,069 |
| Other Expense | $60 |
| Ending Balance | $3,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Novant Health Uva Health System Manassas, VA | $716,877 | $19,148,933 |
Conquer Cancer Fdn Of The American Society Of Clinical Oncology Alexandria, VA | $109,850,269 | $24,641,302 |
Gary And Mary West Health Endowment Inc Wilmington, DE | $246,349,230 | -$2,654,370 |
Foundation For Advancement Of Intl Medical Education And Research Philadelphia, PA | $73,208,748 | $9,951,039 |
Nccn Foundation Plymouth Meeting, PA | $7,730,910 | $3,697,738 |
Foundation Fighting Blindness Retinal Degeneration Fund Columbia, MD | $45,350,093 | $15,424,974 |
The Arvo Foundation For Eye Research Inc Rockville, MD | $8,550,005 | $1,963,913 |
Federation Of Associations In Behavioral & Brain Sciences Washington, DC | $1,050,849 | $346,535 |
Simons Fund Conshohocken, PA | $473,099 | $317,439 |
A S P E N Rhoads Research Foundation Inc Silver Spring, MD | $2,762,747 | $387,817 |
Commonwealth Housing Legal Services Glenside, PA | $760,384 | $699,820 |
Virginia Urologic Foundation Charlottesville, VA | $12,113,863 | $0 |