Foundation Of The American Society Of Retina Specialists Inc
- Assets
- $3.6m
- Revenue
- $831.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/1998
- Data as of
- 12/2021
- EIN
- 74-2955964
Organization Overview
Foundation Of The American Society Of Retina Specialists Inc is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The American Society Of Retina Specialists 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, Foundation Of The American Society Of Retina Specialists Inc generated $831.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $471.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION ENDEAVORS TO SUPPORT PRACTITIONERS AND PATIENTS IN ALL ASPECTS OF VITREORETINAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH OUR WEBSITE WE INCREASED PUBLIC AWARENESS OF RETINAL DISEASES, INCLUDING WAYS TO IMPROVE, PRESERVE, AND RESTORE VISION. AN EMPHASIS WAS MADE ON EDUCATING THE PUBLIC ON THE BENEFITS OF THE PREVENTION OF AGE MACULAR DEGENERATION. IN ADDITION, DURING 2021, THE FOUNDATION, WITH STRATEGIC CORPORATE PARTNERS, BEGAN OUR PUBLIC OUTREACH CAMPAIGN TO EDUCATE THE PUBLIC ABOUT THE ROLE OF RETINA SPECIALISTS, THE DISEASES THEY TREAT, AND THE ADVANCES IN RETINAL RESEARCH.THE FOUNDATION ALSO PRESENTS THE RETINA YOUNG INVESTIGATOR AWARD. THE RETINA YOUNG INVESTIGATOR AWARD, ESTABLISHED TO HONOR PAST LEADERS OF THE ASRS AND TO SERVE AS A MEANS TO NURTURE THE DEVELOPMENT OF THE NEXT GENERATION OF RETINA LEADERS, ENCOURAGES RESEARCHERS TO UNDERTAKE INVESTIGATIVE WORK IN CRITICAL AREAS OF RETINAL DISEASES THAT MAY ONE DAY LEAD TO MEANINGFUL IMPROVEMENTS IN PATIENTS' LIVES. THE AWARD WAS GIVEN BASED ON AN OUTSTANDING PAPER PUBLISHED DURING THE PAST YEAR AND OTHER SIGNIFICANT CONTRIBUTIONS MADE BY THE INVESTIGATOR, INDICATING FUTURE POTENTIAL FOR CONTRIBUTIONS TO THE FIELD OF RETINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip J Ferrone MD President | OfficerTrustee | 1 | $0 |
Judy E Kim MD President Elect | OfficerTrustee | 1 | $0 |
J Michael Jumper MD Chair | OfficerTrustee | 1 | $0 |
Carl C Awh MD Immediate Past President | OfficerTrustee | 1 | $0 |
Geoffrey G Emerson MD PHD Treasurer | OfficerTrustee | 1 | $0 |
Gaurav K Shah MD Director | Trustee | 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 | $24,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,723 |
| Total Program Service Revenue | $800,000 |
| Investment income | $6,866 |
| 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 | $831,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,000 |
| 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 | $68,886 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $58,739 |
| 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 | $6,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,775 |
| Total functional expenses | $471,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $695,497 |
| Savings and temporary cash investments | $56,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,105 |
| 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 | $224,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500,000 |
| Total assets | $3,556,060 |
| Accounts payable and accrued expenses | $20,725 |
| Grants payable | $0 |
| Deferred revenue | $2,200,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,630 |
| Total liabilities | $2,419,355 |
| Net assets without donor restrictions | $1,136,705 |
| 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 | $3,556,060 |
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