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 12/2021, Charlesson Foundation generated $991.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $109.8k 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
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Blaine R Stansel Manager | Officer | 1 | $0 |
Jian-Xing MA President | Trustee | 2 | $0 |
Symon MA Board Of Director | Trustee | 1 | $0 |
Yang Feng Vice President | Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $750,000 |
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 | $750,000 |
Total Program Service Revenue | $0 |
Investment income | $76,827 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $164,523 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $991,350 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $101,500 |
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 | $465 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,600 |
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 | $3,296 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $437 |
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 | $2,460 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $109,758 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $165,644 |
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 | $318,126 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,754,902 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,238,672 |
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 | $4,238,672 |
Total liabilities and net assets/fund balances | $4,238,672 |
Over the last fiscal year, Charlesson Foundation has awarded $30,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF OKLAHOMA PURPOSE: SCIENTIFIC RESEARCH GRANT | $20,000 |
EXITANT THERAPEUTICS LLC PURPOSE: SCIENTIFIC RESEARCH GRANT | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
American Society Of Cataract And Refractive Surgery Foundation Fairfax, VA | $6,426,034 | $1,064,638 |
Alagille Syndrome Alliance Cher Bork Collierville, TN | $468,720 | $585,146 |
Odylia Therapeutics Inc Atlanta, GA | $9,833,191 | $343,480 |
Charlesson Foundation Lewisville, NC | $4,238,672 | $991,350 |
Collaborative Community On Ophthalmic Imaging Foundation Reston, VA | $44,251 | $0 |