Foundation For Education & Research In Vision Inc

Organization Overview

Foundation For Education & Research In Vision Inc is located in Houston, TX. The organization was established in 1957. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Education & Research In Vision 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 08/2021, Foundation For Education & Research In Vision Inc generated $1.3m 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 (4.2%) each year. All expenses for the organization totaled $988.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION AND RESEARCH IN VISION

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES OF SPONSORING THE UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY CONTINUING EDUCATION PROGRAM FOR PROFESSIONAL OPTOMETRISTS TO MEET STATE CONTINUING EDUCATION REQUIREMENTS


CONTRIBUTIONS TO UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY AND OTHER VISIONARY AND HEALTH RELATED ORGANIZATIONS


SCHOLARSHIPS TO STUDENTS IN UNIVERSITY OF HOUSTON COLLEGE OF OPTOMETRY


SUPPORT FOR REGIONAL AND NATIONAL VISION RELATED PROGRAMS AND ORGANIZATIONS


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Board, Officers & Key Employees

Name (title)Compensation
Tom Annunziato Od
President
$0
Steve Nguyen Od
Past President
$0
William D Altig Od
Secretary
$0
Martin Prati Od
Treasurer
$0
Jerry Strickland Od
Vice-President
$0
Glenn Ellisor Od
Director
$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$340,340
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$340,340
Total Program Service Revenue$794,987
Investment income $144,566
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $24,869
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $11,040
Miscellaneous Revenue$0
Total Revenue $1,315,802

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Foundation For Education & Research In Vision Inc has recieved totaling $50,901.

Awarding OrganizationAmount
United Way Of Tarrant County

Fort Worth, TX

PURPOSE: DONOR DIRECTED FUNDS TRANSFERRED TO DESIGNATED CHARITY.

$50,901
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,501,143
Earnings$226,154
Admin Expense$12,200
Net Contributions$311,108
Grants$93,814
Ending Balance$5,932,391

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