Eye & Ear Foundation Inc

Organization Overview

Eye & Ear Foundation Inc is located in Pittsburgh, PA. The organization was established in 1985. 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. Eye & Ear 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 06/2021, Eye & Ear Foundation Inc generated $25.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.6% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Eye & Ear Foundation Inc has awarded 11 individual grants totaling $19,071,427. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT.

Describe the Organization's Program Activity:

GRANTS TO DEPARTMENT OF OTOLARYNGOLOGY AND DEPARTMENT OF OPHTHALMOLOGY OF UNIVERSITY OF PITTSBURGH'S SCHOOL OF MEDICINE AND RELATED PROGRAMS AT THE UNIVERSITY OF PITTSBURGH AND UPMC HEALTH SYSTEM TO CONSISTENTLY IMPROVE THE QUALITY OF SCIENTIFIC ENDEAVORS. IN ADDITION TO GRANT MAKING ACTIVITY, THE ORGANIZATION ENGAGES IN FUNDRAISING ACTIVITIES TO RAISE DOLLARS TO FUND INNOVATIVE RESEARCH IN THE FIELDS OF OPHTHALMOLOGY AND OTOLARYNGOLOGY. WITH THE COVID-19 CLOSURES, THE OPHTHALMOLOGY AND OTOLARYNGOLOGY DEPARTMENTS' RESEARCH LABS WERE SHUT DOWN FOR A PERIOD. WE HAVE REDUCED TRAVEL COSTS AND ENTERTAINMENT EXPENSES BUT INCREASED SPENDING FOR COMMUNICATIONS AND OUTREACH IN OTHER WAYS, SUCH AS INCREASING OUR ZOOM CONTRACT FOR MEETINGS, WEBINARS, AND EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
George A Fechter
Chairman
$0
Lawrence N Gumberg
Treasurer
$0
Charles R Brodbeck ESQ
Vice Chairman
$0
Cynthia Sunseri
Secretary
$0
Lawton Snyder
Chief Executive Officer
$0
Douglas P Dick
Board Member
$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$22,593,262
Noncash contributions included in lines 1a–1f $60,710
Total Revenue from Contributions, Gifts, Grants & Similar$22,593,262
Total Program Service Revenue$0
Investment income $597,592
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,142,847
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,333,701

Grants Awarded

Over the last fiscal year, Eye & Ear Foundation Inc has awarded $3,210,214 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT FOR ACADEMIC RESEARCH

$3,055,125

PARKVIEW HOSPITAL INC

Org PageRecipient Profile

Fort Wayne, IN

PURPOSE: GENERAL SUPPORT FOR ACADEMIC RESEARCH

$125,000

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT FOR ACADEMIC RESEARCH

$30,089
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Eye & Ear Foundation Inc has recieved totaling $9,395.

Awarding OrganizationAmount
Martha L Mason Trust 1739 Memorial Fund

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$9,395
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,331,220
Earnings$1,432,904
Net Contributions$25,100
Other Expense$392,127
Ending Balance$6,397,097

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