Research To Prevent Blindness Inc
- Assets
- $24.5m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 13-1945117
Organization Overview
Research To Prevent Blindness Inc is located in New York, NY. The organization was established in 1988. 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. As of 12/2021, Research To Prevent Blindness Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research To Prevent Blindness 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, Research To Prevent Blindness Inc generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Research To Prevent Blindness Inc has awarded 85 individual grants totaling $12,485,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES THE ORGANIZATIONAL & FINANCIALS RESOURCES NECESSARY TO SUPPORT EYE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH GRANTS & RESEARCH PROGRAM DEVELOPMENT: DURING 2021, RESEARCH TO PREVENT BLINDNESS, INC. (RPB) MADE 15 GRANTS TO UNIVERSITY MEDICAL SCHOOLS TO AID IN THE OPHTHALMOLOGICAL RESEARCH OF BLINDING EYE DISEASE. IN ADDITION, DURING 2021, RPB MADE A $1,500,000 GRANT TO RESEARCH TO PREVENT BLINDNESS ENDOWMENT FUND, INC. (RPBEF) WHICH OPERATES AS A SUPPORT ORGANIZATION OF RPB.
PUBLIC & PROFESSIONAL INFORMATION: RPB DISSEMINATES THE LATE OPHTHALMOLOGICAL RESEARCH FINDINGS TO SCIENTISTS, PHYSICIANS PATIENTS BY PUBLISHING REPORTS, BROCHURES, AND RESPONSE TO INQUIRIES.
SCIENTIFIC SYMPOSIA, SEMINARS & SURVEYS: RPB SUPPORTS HIGH-QUALITY SCIENTIFIC MEETINGS THAT ARE RELEVANT TO ITS SCIENTIFIC MISSION. SUPPORT OF SUCH MEETINGS IS CONTINGENT ON THE FISCAL & PROGRAMMATIC INTERESTS & PRIORITIES OF RPB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian F Hofland President | Officer | 40 | $350,610 |
Regina Mincey-Garlin Fmr Director Of Finance & Operations | 40 | $166,945 | |
Elanor Scott Director Of Strategic Partnerships | 40 | $125,595 | |
Patricia Moran Director Of Grant Administration | 40 | $120,778 | |
Diana Friedman Director Of External Affairs | 40 | $120,555 | |
Diane S Swift Chairman | OfficerTrustee | 21.5 | $11,573 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,029 |
| Membership dues | $30,100 |
| Fundraising events | $0 |
| Related organizations | $1,500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,570,231 |
| Noncash contributions included in lines 1a–1f | $5,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,101,360 |
| Total Program Service Revenue | $0 |
| Investment income | $475,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $470 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,438,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,594,004 |
| 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. | $481,967 |
| Compensation of current officers, directors, key employees. | $91,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $779,736 |
| Pension plan accruals and contributions | $146,926 |
| Other employee benefits | $181,830 |
| Payroll taxes | $76,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,903 |
| Fees for services: Accounting | $32,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,677 |
| Advertising and promotion | $321 |
| Office expenses | $201,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $310,304 |
| Travel | $2,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,436 |
| Insurance | $21,258 |
| All other expenses | $0 |
| Total functional expenses | $6,384,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335 |
| Savings and temporary cash investments | $3,075,945 |
| Pledges and grants receivable | $903,522 |
| Accounts receivable, net | $14 |
| 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 | $123,236 |
| Net Land, buildings, and equipment | $563,641 |
| Investments—publicly traded securities | $19,786,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,264 |
| Total assets | $24,496,612 |
| Accounts payable and accrued expenses | $56,958 |
| Grants payable | $1,582,421 |
| 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 | $14,210,836 |
| Total liabilities | $15,850,215 |
| Net assets without donor restrictions | -$4,299,346 |
| Net assets with donor restrictions | $12,945,743 |
| 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 | $24,496,612 |
Grants Awarded
Over the last fiscal year, Research To Prevent Blindness Inc has awarded $3,645,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANT | $1,500,000 |
San Francisco, CA PURPOSE: CAREER DEVELOPMENT GRANT | $350,000 |
Baltimore, MD PURPOSE: CAREER DEVELOPMENT GRANT | $350,000 |
Houston, TX PURPOSE: CAREER DEVELOPMENT GRANT | $350,000 |
Rochester, NY PURPOSE: CAREER ADVANCEMENT GRANT | $150,000 |
Lincoln, NE PURPOSE: CAREER ADVANCEMENT GRANT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Research To Prevent Blindness Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Evelyn M Bachamil C Bach Foundation La Crosse, WI PURPOSE: MEDICAL RESEARCH | $3,000 |
Endowment Analysis
| Beg. Balance | $13,206,713 |
| Earnings | $217,550 |
| Net Contributions | $2,249,408 |
| Grants | $2,147,178 |
| Ending Balance | $13,526,493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Inc New York, NY | $24,496,612 | $4,438,794 |
Eye & Ear Foundation Inc Pittsburgh, PA | $60,351,580 | $25,333,701 |
New York Society For Gastrointestinal Endoscopy Inc New York, NY | $1,314,526 | $937,994 |
Massachusetts Lions Eye Research Fund Inc Belmont, MA | $3,276,845 | $682,863 |
Ocular Immunology And Uveitis Foundation Inc Weston, MA | $1,297,410 | $675,565 |
Tear Film And Ocular Surface Society Inc Boston, MA | $413,996 | $560,695 |
Connecticut Lions Eye Research Foundation Inc Middlebury, CT | $2,479,025 | $449,784 |
Visual Studies Workshop Inc Rochester, NY | $1,492,437 | $348,917 |
Center For Eye Research Inc Waltham, MA | $1,779,078 | $113,648 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $981,796 | $203,641 |
Ophthalmicedge Inc New York, NY | $227,604 | $145,347 |
Faculty Student Association Of The State College Of Optometry Inc New York, NY | $239,038 | $97,388 |