Retina Research Foundation Permanent Endowment Fund
- Assets
- $61.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1976
- Data as of
- 12/2020
- EIN
- 74-1860430
Organization Overview
Retina Research Foundation Permanent Endowment Fund is located in Houston, TX. The organization was established in 1976. According to its NTEE Classification (H11) the organization is classified as: Single Organization Support, 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. Retina Research Foundation Permanent Endowment Fund 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, Retina Research Foundation Permanent Endowment Fund generated $1.7m 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 (8.9%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. 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
TO SUPPORT RETINA RESEARCH FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS TRANSFERRED TO RETINA RESEARCH FOUNDATION FOR GENERAL SUPPORT TO FURTHER THE CONDUCT OF RESEARCH FOR THE TREATMENT OF RETINAL DISEASE CAUSING BLINDNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia K Boyd Director | Trustee | 1 | $0 |
Nancy F Japhet Director | Trustee | 1 | $0 |
James E Key MD Director | Trustee | 1 | $0 |
Bruce B Mack Director | Trustee | 1 | $0 |
John C Dawson Jr Director | Trustee | 1 | $0 |
H Richard Walton Director | Trustee | 1 | $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 | $1,408,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,408,614 |
| Total Program Service Revenue | $0 |
| Investment income | $1,357,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,056,731 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,679,004 |
| 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 | $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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,735,080 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,735,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,447,313 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,000 |
| 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 | $58,765,832 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $61,323,145 |
| Accounts payable and accrued expenses | $65,171 |
| 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 | $65,171 |
| Net assets without donor restrictions | $5,085,077 |
| Net assets with donor restrictions | $56,172,897 |
| 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 | $61,323,145 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Retina Research Foundation Permanent Endowment Fund has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
Endowment Analysis
| Beg. Balance | $61,213,145 |
| Earnings | $9,747,864 |
| Admin Expense | $287,034 |
| Net Contributions | $1,453,608 |
| Grants | $1,791,322 |
| Ending Balance | $70,336,261 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retina Research Foundation Permanent Endowment Fund Houston, TX | $61,323,145 | $1,679,004 |
Tom Slick Memorial Trust Fbo San Antonio, TX | $17,909,573 | $1,063,800 |
H Brooks Trust Fbo Mass Ch Of The Natl Cystic Fibrosis Research Fund Dallas, TX | $2,476,228 | -$51,966 |
Avm Research Foundation Montgomery, TX | $40,128 | $128,704 |
Sinclair Foundation Mandeville, LA | $1,737 | $95,358 |
Cade R Alpard Foundation For Pediatric Disease Houston, TX | $12,258 | $0 |
Cancer Services Of New Mexico Foundation Albuquerque, NM | $542,089 | $61,580 |
Ahepa 29 Senior Citizens Housinginc Houston, TX | $54,118 | $0 |
Worldwide Institute Of Medical Education Missouri City, TX | $73,845 | $29,400 |
Angels For Eosinophilic Research Alliance Waxahachie, TX | $150 | $0 |
Galactosemic Families Of The Southern States Rusk, TX | $6,535 | $0 |