Fund For Ophthalmic Knowledge Inc
- Assets
- $965.6k
- Revenue
- $104.6k
- Investments
- $826.0k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 13-4171637
Organization Overview
Fund For Ophthalmic Knowledge Inc is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Ophthalmic Knowledge 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 12/2022, Fund For Ophthalmic Knowledge Inc generated $104.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $255.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. 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
SEE STATEMENT ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMORIAL SLOAN-KETTERING CANCER CENTER ("MSKCC") ($161,184) - SUPPORTED RESEARCH ON EYE CANCER PERFORMED AT MSKCC: STUDIES ON CELL FREE DNA IN PLASMA OF RETINOBLASTOMA PATIENTS, STUDIES OF CHOROIDAL INVASION IN RETINOBLASTOMA, STUDIES OF THE USE OF INTRAARTERIAL CHEMOTHERAPY IN HISTIOCYTOSIS, STUDIES ON EFFICACY AND TOXICITY OF INTRAVITREAL TOPOTECAN FOR EYE CANCER.
RYR-1 FOUNDATION ($1,837) - TO FURTHER RYR-1 FOUNDATION'S MISSION OF INCREASING AWARENESS OF RYR-1 MYOPATHY, SUPPORTING RESEARCH, AND HELPING TO FIND A CURE.
SANT JOAN DE DEU RESEARCH FOUNDATION ($45,000) - SUPPORT CLINIC & MOLECULAR STUDIES OF RETINOBLASTOMA RESEARCH UNDER DIRECT OF DR. GUILLERMO CHANTADA, MD. PHD. THIS SUPPORTS RETINOBLASTOMA RESEARCH IN ARGENTINA AND SPAIN INCLUDING SUPPORT FOR LAB PERSONNEL, ATTENDANCE AT MEETINGS, SUPPLIES AND PUBLICATION.
MEETINGS AND EDUCATIONAL SUPPORT ($34,717) - TRAVEL, LODGING, AND BOARDING FOR MSK ATTENDINGS, MSK TECHNICIAN, INTERNS AND SUPPORT FOR SCIENTIFIC MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David H Abramson MD Director & President | OfficerTrustee | 1 | $0 |
Allan Abramson MD Director | Trustee | 0.3 | $0 |
Nicholas Grumbach MD Director | Trustee | 0.2 | $0 |
Hilary Cruz-Abrams Bamphrn Director & Treasurer | OfficerTrustee | 0.2 | $0 |
Joseph Gold MD Director | Trustee | 0.2 | $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 | $45,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,332 |
| Total Program Service Revenue | $0 |
| Investment income | $24,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,021 |
| Grants and other assistance to domestic individuals. | $34,717 |
| Grants and other assistance to Foreign Orgs/Individuals | $45,000 |
| 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 | $981 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,136 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $662 |
| Insurance | $0 |
| All other expenses | $479 |
| Total functional expenses | $255,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,307 |
| Savings and temporary cash investments | $0 |
| 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 | $9,768 |
| Net Land, buildings, and equipment | $2,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $826,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $965,576 |
| 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 | $99,999 |
| Total liabilities | $99,999 |
| Net assets without donor restrictions | $865,577 |
| 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 | $965,576 |
Grants Awarded
Over the last fiscal year, Fund For Ophthalmic Knowledge Inc has awarded $124,245 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: SUPPORT THE CYCLE FOR SURVIVAL ($50,000); RETINOBLASTOMA WEB DOMAIN FOR MSKCC ($5,950); RESEARCH SUPPLIES ($2,295) AND DR. MARK SCHATTNER MD RESEARCH FUND IN CANCER ($1,000). | $59,245 |
MT SINAI SCHOOL OF MEDICINE PURPOSE: $60,000 TO SUPPORT ONGOING RESEARCH OF SCOTT BRODIE, MD AT MOUNT SINAI SCHOOL OF MEDICINE (DEPARTMENT OF OPHTHALMOLOGY); $5,000 TO SUPPORT THE MT. SINAI CLINICAL GLAUCOMA FELLOWSHIP. | $65,000 |