Charlesson Foundation
- Assets
- $3.5m
- Revenue
- $171.9k
- Investments
- $3.1m
- Employees
- 0
- Location
- Lewisville, NC
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-2890446
Organization Overview
Charlesson Foundation is located in Lewisville, NC. The organization was established in 2016. 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. Charlesson 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, Charlesson Foundation generated $171.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $74.7k during the year ending 12/2022. 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
THIS FOUNDATION WAS CREATED TO PROVIDE FINANCIAL ASSISTANCE FOR SCIENTIFIC RESEARCH WHICH WILL INCLUDE, BUT NOT LIMITED TO, MEDICAL RESEARCH, LITERARY AND EDUCATIONAL PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL ASSISTANCE FOR SCIENTIFIC RESEARCH WHICH WILL INCLUDE, BUT NOT LIMITED TO, MEDICAL RESEARCH, LITERARY AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jian-Xing MA President | Trustee | 2 | $0 |
Yang Feng Vice President | Trustee | 4 | $0 |
Symon MA Board Of Director | Trustee | 1 | $0 |
Blaine R Stansel Manager | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $65,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $105,910 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,000 |
| 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 | $3,040 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,585 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $306 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $9,181 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $74,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,016 |
| 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 | $323,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,134,019 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,545,819 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,545,819 |
| Total liabilities and net assets/fund balances | $3,545,819 |
Grants Awarded
Over the last fiscal year, Charlesson Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EXITANT THERAPEUTICS LLC PURPOSE: SCIENTIFIC RESEARCH GRANT | $10,000 |
UNIVERSITY OF OKLAHOMA PURPOSE: SCIENTIFIC RESEARCH GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association For Pediatric Ophthalmology & Strabismus Brentwood, TN | $4,731,021 | $2,462,692 |
American Society Of Cataract And Refractive Surgery Foundation Fairfax, VA | $6,426,034 | $1,064,638 |
Odylia Therapeutics Inc Atlanta, GA | $10,021,651 | $1,098,401 |
Alagille Syndrome Alliance Collierville, TN | $501,551 | $571,645 |
Collaborative Community On Ophthalmic Imaging Foundation Reston, VA | $69,978 | $0 |
Charlesson Foundation Lewisville, NC | $3,545,819 | $171,861 |