Alta California Eye Research
- Assets
- $873.1k
- Revenue
- $39.0k
- Investments
- $801.0k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/1969
- Data as of
- 12/2023
- EIN
- 94-1683691
Organization Overview
Alta California Eye Research is located in San Francisco, CA. The organization was established in 1969. 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. Alta California Eye Research 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 12/2023, Alta California Eye Research generated $39.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $51.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES CONTRIBUTIONS TO SELECTED PROJECTS CONDUCTED BY RESEARCH FELLOWS AND MEDICAL STUDENTS TO SUPPORT THEIR INTEREST IN FIELD RESEARCH IN OPHTHALMOLOGY AND LEARNING IN DATA ANALYSIS. THE CONTRIBUTIONS PROVIDE "SEED" FUNDING FOR NEW PROJECTS AND ENCOURAGE NEW RESEARCHERS. THE AMOUNT OF THESE AWARDS IS RESTRICTED TO MAXIMUM OF 3500 PER RECIPIENT, ONCE EVERY 2 YEARS. CANDIDATES ARE SUGGESTED BY FACULTY AT VARIOUS SCHOOLS OF OPHTHALMOLOGY ONCE YEAR. CANDIDATES' STATEMENTS ARE SUBMITTED TO THE REVIEW COMMITTEE AND THE PRESIDENT OF THE FOUNDATION AND ARE AWARDED BASED ON CONSISTENCY WITH THE FOUNDATION'S GOALS OF EXPANDING RESEARCH IN OPHTHALMOLOGY.
THE FOUNDATION SPONSORS A CONFERENCE ON EYE DISEASES AND PUBLISHES RESEARCH PAPERS PRESENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Keenan President | 2 | $0 | |
Matilda Chan Treasurer | 2 | $0 | |
Nisha Acharya Director | 1 | $0 | |
Tom Lietman Director | 1 | $0 | |
Jack Whitcher Director | 1 | $0 | |
Dr Emmett T Cunningham Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $18,471 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,508 |
| Capital Gain Net Income | $20,508 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $668 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,606 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $31,233 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $51,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,109 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $873,131 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alta California Eye Research has awarded $36,900 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RESEARCH AWARD RECIPIENTS-TOTAL 8 PURPOSE: RESEARCH AWARDS | $18,900 |
UCSF PROCTOR FOUNDATION FOR RESEARC PURPOSE: FELLOWSHIP AWARDS | $18,000 |