Retina Research Foundation Permanent Endowment Fund is located in Houston, TX. The organization was established in 1976. 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. Retina Research Foundation Permanent Endowment Fund 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 12/2020, Retina Research Foundation Permanent Endowment Fund generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT RETINA RESEARCH FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS TRANSFERRED TO RETINA RESEARCH FOUNDATION FOR GENERAL SUPPORT TO FURTHER THE CONDUCT OF RESEARCH FOR THE TREATMENT OF RETINAL DISEASE CAUSING BLINDNESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynn A Bernard Jr Director | Trustee | 1 | $0 |
Patricia K Boyd Director | Trustee | 1 | $0 |
Petros E Carvounis MD Director | Trustee | 1 | $0 |
Ronald G Girotto Director | Trustee | 1 | $0 |
Nancy F Japhet Director | Trustee | 1 | $0 |
Rosanette S Cullen 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 | $1,408,614 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,408,614 |
Total Program Service Revenue | $0 |
Investment income | $1,357,792 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$1,056,731 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,679,004 |
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 | $0 |
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 | $0 |
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 | $0 |
Interest | $0 |
Payments to affiliates | $1,735,080 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,735,080 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,447,313 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $110,000 |
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 | $0 |
Investments—publicly traded securities | $58,765,832 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $61,323,145 |
Accounts payable and accrued expenses | $65,171 |
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 | $0 |
Total liabilities | $65,171 |
Net assets without donor restrictions | $5,085,077 |
Net assets with donor restrictions | $56,172,897 |
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 | $61,323,145 |
Over the last fiscal year, we have identified 1 grants that Retina Research Foundation Permanent Endowment Fund has recieved totaling $20,000.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
Beg. Balance | $61,213,145 |
Earnings | $9,747,864 |
Admin Expense | $287,034 |
Net Contributions | $1,453,608 |
Grants | $1,791,322 |
Ending Balance | $70,336,261 |
Organization Name | Assets | Revenue |
---|---|---|
Retina Research Foundation Permanent Endowment Fund Houston, TX | $61,323,145 | $1,679,004 |
Tom Slick Memorial Trust Fbo San Antonio, TX | $17,909,573 | $1,063,800 |
H Brooks Trust Fbo Mass Ch Of The Natl Cystic Fibrosis Research Fund Dallas, TX | $2,476,228 | -$51,966 |
Avm Research Foundation Montgomery, TX | $40,128 | $128,704 |
Sinclair Foundation Mandeville, LA | $1,737 | $95,358 |
Cade R Alpard Foundation For Pediatric Disease Houston, TX | $12,258 | $0 |
Cancer Services Of New Mexico Foundation Albuquerque, NM | $542,089 | $61,580 |
Ahepa 29 Senior Citizens Housinginc Houston, TX | $54,118 | $0 |
Worldwide Institute Of Medical Education Missouri City, TX | $73,845 | $29,400 |
Angels For Eosinophilic Research Alliance Waxahachie, TX | $150 | $0 |
Galactosemic Families Of The Southern States Rusk, TX | $6,535 | $0 |