The Cornea Society Inc
- Assets
- $1.1m
- Revenue
- $499.5k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/1979
- Data as of
- 12/2020
- EIN
- 59-1671834
Organization Overview
The Cornea Society Inc is located in San Francisco, CA. The organization was established in 1979. 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. Cornea Society 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 12/2020, Cornea Society Inc generated $499.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $708.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORNEA SOCIETY IS AN INTERNATIONAL SOCIETY DEDICATED TO PROMOTING THE EXCHANGE OF INFORMATION IN CORNEA AND EXTERNAL DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY IS A MEMBERSHIP ORGANIZATION OF APPROXIMATELY 845 MEMBERS WHOSE PURPOSE IS TO PROMOTE THE KNOWLEDGE, RESEARCH, AND UNDERSTANDING OF THE OPHTHALMOLOGIC SUBSPECIALTY DEALING WITH CORNEA, EXTERNAL DISEASE, REFRACTIVE SURGERY, AND THE ANTERIOR SEGMENT OF THE EYE AND TO PROMOTE THE PROFESSION OF OPHTHALMOLOGY. TO ACHIEVE ITS MISSION, THE SOCIETY PRODUCES A SCIENTIFIC JOURNAL (CORNEA: THE JOURNAL OF CORNEA AND EXTERNAL DISEASE) EACH MONTH, AS WELL AS THE QUARTERLY CORNEA SOCIETY NEWS. IN ADDITION, THE SOCIETY HOLDS REGULAR EDUCATIONAL MEETINGS, PROVIDES VIDEO EDUCATION, FACILITATES KERA-NET (A WORLDWIDE INTERACTIVE FORUM WHERE SUBSCRIBERS CAN EXCHANGE CLINICAL INFORMATION), AND PROVIDES VARIOUS NETWORKING OPPORTUNITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deepinder Dhaliwal MD VP For Industry Relations | OfficerTrustee | 2.5 | $0 |
Woodford Van Meter MD Treasurer | OfficerTrustee | 2.5 | $0 |
William Barry Lee MD Secretary | OfficerTrustee | 2.5 | $0 |
Anthony Aldave MD VP For International Relations | OfficerTrustee | 2.5 | $0 |
Kathryn Colby MD PHD President | OfficerTrustee | 3 | $0 |
Elmer Tu MD Past President | OfficerTrustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lippincott Williamswolters Kluwer Healt Journal Production/distribution | 12/30/19 | $125,114 |
American Society Of Cataract & Refractiv Exec Mgmt/admin Services/grant Develop/j | 12/30/19 | $245,603 |
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 | $133,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,150 |
| Total Program Service Revenue | $326,514 |
| Investment income | $39,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $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 | $302,000 |
| 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 | $0 |
| Fees for services: Other | $485 |
| Advertising and promotion | $1,687 |
| Office expenses | $8,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,594 |
| All other expenses | $0 |
| Total functional expenses | $708,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,052 |
| Savings and temporary cash investments | $350,337 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $662,355 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,127,744 |
| Accounts payable and accrued expenses | $249,839 |
| 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 | $0 |
| Total liabilities | $249,839 |
| Net assets without donor restrictions | $877,905 |
| 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 | $1,127,744 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Cornea Society Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Eye Bank Association Of America Inc Washington, DC PURPOSE: Contribution | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Smith-Kettlewell Eye Research Institute San Francisco, CA | $25,353,101 | $5,636,867 |
That Man May See Inc San Francisco, CA | $9,979,587 | $4,014,522 |
Glaucoma Research Foundation San Francisco, CA | $13,065,899 | $5,777,174 |
Project Vision Hawaii Honolulu, HI | $2,642,257 | $5,379,656 |
The Lowy Medical Research Institute Inc La Jolla, CA | $891,884 | $3,015,325 |
Arthritis National Research Foundation Irvine, CA | $11,041,493 | $3,794,575 |
The Cornea Society Inc San Francisco, CA | $1,127,744 | $499,461 |
Discovery Eye Foundation Los Angeles, CA | $2,510,991 | $804,874 |
Melles Research Foundation Usa Inc San Diego, CA | $423,384 | $368,677 |
Glaucoma Institute Of Beverly Hills Research Foundation Inc Beverly Hills, CA | $976,802 | $39,399 |
Strabismus Research Foundation Mill Valley, CA | $1,486,470 | $12,392 |
Neurological Health International Santa Barbara, CA | $24,283 | $66,873 |