Retina Foundation Of The Southwest
- Assets
- $12.5m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 49
- Location
- Dallas, TX
- Founding
- 12/1975
- Data as of
- 12/2021
- EIN
- 51-0151514
Organization Overview
Retina Foundation Of The Southwest is located in Dallas, TX. The organization was established in 1975. 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, Retina Foundation Of The Southwest employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retina Foundation Of The Southwest 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, Retina Foundation Of The Southwest generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $15.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ORGANIZED TO PROMOTE THE RESEARCH, DIAGNOSIS, TREATMENT AND EDUCATION OF THE LEADING CAUSES OF BLINDNESS AND IMPAIRED VISION. THE FOUNDATION ALSO STRIVES TO INCREASE THE UNDERSTANDING OF THE NORMAL DEVELOPMENT AND FUNCTION OF THE VISUAL SYSTEM IN ORDER TO PREVENT, DIAGNOSE AND TREAT SIGHT-THREATENING CONDITIONS, AND TO ENHANCE THE REHABILITATION, TRAINING AND QUALITY OF LIFE OF INDIVIDUALS WHO ARE PARTIALLY SIGHTED OR BLIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIES TO DETERMINE THE NECESSARY AND SUFFICIENT CONDITIONS FOR THE DEVELOPMENT OF NORMAL BINOCULAR VISION IN INFANTS FROM BIRTH TO AGE FIVE. CLINICAL TREATMENT TRIALS FOR RETINITIS PIGMENTOSA, CHOROIDEREMIA, RETINOSCHESIS AND AGE-RELATED MACULAR DEGENERATION. RESEARCH INTO GENES CAUSING CERTAIN INHERITED EYE DISEASES MEASURES OF HUMAN RECEPTOR AND POST RECEPTOR ACTIVITY. RESEARCH TO DEVELOP A DEVICE FOR OCULAR DELIVERY OF DRUGS FOR TREATMENT OF AGE-RELATED MACULAR DEGENERATION. VARIOUS OTHER RESEARCH PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Csaky Chief Executive And Medical Officer | Officer | 30 | $313,881 |
David Birch Scientific Director | Officer | 40 | $281,288 |
Eileen Birch Pediatric Lab Director | Officer | 40 | $276,396 |
Natalie Gilbert Finance Director | Officer | 40 | $125,121 |
Krista Kelly Assistant Scientific Director | 40 | $108,337 | |
Louis Grabowsky Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $285,966 |
| Related organizations | $386,631 |
| Government grants | $1,178,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,423,997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,274,882 |
| Total Program Service Revenue | $0 |
| Investment income | $1,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$74,424 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,235,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,509,073 |
| 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. | $1,067,012 |
| Compensation of current officers, directors, key employees. | $197,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,909,101 |
| Pension plan accruals and contributions | $77,336 |
| Other employee benefits | $186,347 |
| Payroll taxes | $191,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,445 |
| Fees for services: Accounting | $38,111 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,783 |
| Advertising and promotion | $15,668 |
| Office expenses | $269,220 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,334 |
| Travel | $19,581 |
| 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 | $221,971 |
| Insurance | $52,028 |
| All other expenses | $0 |
| Total functional expenses | $15,328,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,146 |
| Savings and temporary cash investments | $7,300,878 |
| Pledges and grants receivable | $1,355,898 |
| 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 | $72,168 |
| Net Land, buildings, and equipment | $3,708,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,529,577 |
| Accounts payable and accrued expenses | $318,266 |
| Grants payable | $0 |
| Deferred revenue | $55,689 |
| 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 | $0 |
| Total liabilities | $373,955 |
| Net assets without donor restrictions | $7,624,528 |
| Net assets with donor restrictions | $4,531,094 |
| 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 | $12,529,577 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Retina Foundation Of The Southwest has recieved totaling $608,167.
| Awarding Organization | Amount |
|---|---|
Jasper L And Jack Denton Wilson Charitable Foundation Chicago, IL PURPOSE: GENERAL | $170,000 |
Rosewood Foundation Dallas, TX PURPOSE: GENERAL USE | $100,000 |
Hillcrest Foundation Dallas, TX PURPOSE: HVAC SYSTEM REMEDIATION | $100,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $82,864 |
The Edward C Fogg Iii And Lisbeth A Fogg Charitable Trust Tallahassee, FL PURPOSE: SCIENTIFIC | $50,000 |
Theodore And Beulah Beasley Foundation Inc Dallas, TX PURPOSE: TESTING & TRACKING EYE DISEASE IN 80-100 ADULTS AND SENIORS | $25,000 |
Endowment Analysis
| Beg. Balance | $10,397,738 |
| Earnings | $111,335 |
| Other Expense | $10,509,073 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dean Mcgee Eye Institute Oklahoma City, OK | $54,603,133 | $49,025,501 |
Retina Foundation Of The Southwest Dallas, TX | $12,529,577 | $5,235,992 |
Hermann Eye Fund Houston, TX | $36,488,074 | $1,787,346 |
Retina Research Foundation Houston, TX | $4,418,640 | $2,470,353 |
Tarrant Eye Resources Inc Fort Worth, TX | $1,198,647 | $1,092,052 |
Benign Essential Blepharospasm Research Foundation Inc Beaumont, TX | $1,823,419 | $511,633 |
Kino-Eye Centere For Visual Innovation Houston, TX | $39,958 | $0 |
Schepens International Society Houston, TX | $0 | $0 |
Pediatric Vision Research And Diagnostic Center Fort Worth, TX | $259,134 | $46,613 |
Wheeler Vision Research Center Houston, TX | $15,165 | $0 |
Foundation For Retinal Research Metairie, LA | $106,947 | $0 |