Ophthalmology Research Foundation Inc

Organization Overview

Ophthalmology Research Foundation Inc is located in Miami, FL. The organization was established in 1970. 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. Ophthalmology Research Foundation 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 07/2022, Ophthalmology Research Foundation Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $4.4m during the year ending 07/2022. While expenses have increased by 18.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR THE DEPARTMENT OF OPHTHALMOLOGY OF THE UNIVERSITY OF MIAMI SCHOOL OF MEDICINE

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY, OR CONSTRUCTS BASCOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER EYE INSTITUTE IN NAPLES, FL


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Board, Officers & Key Employees

Name (title)Compensation
Eduardo Alfonso MD
President
$0
Carol Karp MD
Member-At-La
$0
Richard Parrish II MD
Secretary
$0
David Tse MD
Member-At-La
$0
John G Clarkson MD
Executive Di
$0
Steven J Gedde
Member-At-La
$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$4,600,352
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,600,352
Total Program Service Revenue$2,366,046
Investment income $888,487
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,497,469
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,352,354

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Ophthalmology Research Foundation Inc has recieved totaling $125,026.

Awarding OrganizationAmount
H Angela Whitman Foundation Inc

Miami, FL

PURPOSE: GENERAL CHARITABLE

$100,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$15,000
Jack And Harriet Appel Foundation Trust

Coral Springs, FL

PURPOSE: UNRESTRICTED

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$26
View Grant Recipient Profile

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