Form 990 for tax year 2024
Filed by THE ASSOCIATION FOR RESEARCH IN VISION AND OPHTHALMOLOGY.
Totals
- Total revenue
- $13,912,358
- Total expenses
- $11,078,336
- Contributions and grants received
- $2,501,726
- Grants paid
- $82,992
- Program service revenue
- $8,862,527
- Investment income
- $2,507,621
- Other revenue
- $40,484
- Total assets, end of year
- $23,327,104
- Total liabilities, end of year
- $6,825,748
- Net assets or fund balances, end of year
- $16,501,356
- Program services expenses (Part IX)
- $6,683,902
- Management and general expenses
- $4,394,434
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,683,902
Program services were 60.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$2,422,026
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$79,700
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: ANNUAL CONVENTION
total $6,209,524 · related or exempt $6,209,524 · unrelated business $0 · excluded $0
-
2b · Program service revenue: PUBLICATIONS
total $1,905,415 · related or exempt $1,865,380 · unrelated business $40,035 · excluded $0
-
2c · Program service revenue: MANAGEMENT FEES
total $500,676 · related or exempt $500,676 · unrelated business $0 · excluded $0
-
2d · Program service revenue: OTHER MEETINGS & EDUCATION
total $217,228 · related or exempt $217,228 · unrelated business $0 · excluded $0
-
2e · Program service revenue: AWARDS & GRANTS
total $29,684 · related or exempt $29,684 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $468,868 · related or exempt $0 · unrelated business $0 · excluded $468,868
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $40,484 · related or exempt $0 · unrelated business $0 · excluded $40,484
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $18,113,407 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $16,074,654 · other assets $0
-
7c · Gain or loss
securities $2,038,753 · other assets $0
-
7d · Net gain or loss
total $2,038,753 · related or exempt $0 · unrelated business $0 · excluded $2,038,753
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $68,188 · program services $68,188
-
3 · Grants to foreign organizations and individuals
total $14,804 · program services $14,804
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $45,000 · program services $0 · management and general $45,000 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $3,744,963 · program services $1,323,823 · management and general $2,421,140 · fundraising $0
-
8 · Pension plan contributions
total $310,270 · program services $107,159 · management and general $203,111 · fundraising $0
-
9 · Other employee benefits
total $387,213 · program services $126,803 · management and general $260,410 · fundraising $0
-
10 · Payroll taxes
total $250,910 · program services $89,771 · management and general $161,139 · fundraising $0
-
11a · Fees: management
total $469,201 · program services $411,101 · management and general $58,100 · fundraising $0
-
11b · Fees: legal
total $60,286 · program services $3,503 · management and general $56,783 · fundraising $0
-
11c · Fees: accounting
total $49,436 · program services $0 · management and general $49,436 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $47,401 · program services $0 · management and general $47,401 · fundraising $0
-
11g · Fees: other
total $162,916 · program services $56,298 · management and general $106,618 · fundraising $0
-
12 · Advertising and promotion
total $662,079 · program services $415,360 · management and general $246,719 · fundraising $0
-
13 · Office expenses
total $506,209 · program services $151,358 · management and general $354,851 · fundraising $0
-
14 · Information technology
total $553,906 · program services $80,995 · management and general $472,911 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $279,057 · program services $68,493 · management and general $210,564
-
17 · Travel
total $178,140 · program services $147,012 · management and general $31,128
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $2,304,149 · program services $2,251,454 · management and general $52,695 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $171,254 · program services $0 · management and general $171,254 · fundraising $0
-
23 · Insurance
total $25,220 · program services $0 · management and general $25,220 · fundraising $0
-
24a · Other expenses: PRINTING & PUBLICATIONS
total $604,523 · program services $604,523 · management and general $0 · fundraising $0
-
24b · Other expenses: BAD DEBT EXPENSE
total $52,562 · program services $47,057 · management and general $5,505 · fundraising $0
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $130,649 · program services $130,649 · management and general $0 · fundraising $0
-
24d · Other expenses: OVERHEAD ALLOCATION
total $0 · program services $585,551 · management and general -$585,551 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,949,359 · end of year $3,194,111
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $234,491 · end of year $210,769
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $625,040 · end of year $594,694
-
10a · Land, buildings and equipment: cost or other basis
$4,889,659
-
10b · Land, buildings and equipment: accumulated depreciation
$2,242,928
-
10c · Land, buildings and equipment, net
beginning of year $2,788,224 · end of year $2,646,731
-
11 · Investments: publicly traded securities
beginning of year $15,216,624 · end of year $15,253,663
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $594,332 · end of year $1,427,136
-
17 · Accounts payable and accrued expenses
beginning of year $592,670 · end of year $610,231
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $3,195,068 · end of year $3,529,296
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $3,029,817 · end of year $2,686,221
-
27 · Net assets without donor restrictions
beginning of year $14,499,697 · end of year $16,459,059
-
28 · Net assets with donor restrictions
beginning of year $90,818 · end of year $42,297
Mission and programs · 2024
Mission
ARVO ADVANCES RESEARCH WORLDWIDE INTO UNDERSTANDING THE VISUAL SYSTEM AND PREVENTING, TREATING AND CURING ITS DISORDERS.
Activities or mission (Part I)
Advance research to understand the visual system & prevent, treat & cure its disorders.
-
ANNUAL CONVENTION - THE MEMBERS OF THE ASSOCIATION GATHER ANNUALLY AND PERIODICALLY TO SHARE THE RESULTS OF THEIR RESEARCH EFFORTS.
Expenses $4,334,375 · Revenue $6,209,524
-
JOURNALS - PUBLICATIONS INCLUDE IOVS, JOV, AND TVST THAT FOCUS ON EYE AND VISION RESEARCH.
Expenses $1,412,419 · Revenue $1,928,349
-
AWARDS AND GRANTS - ARVO PROVIDES TWO TYPES OF AWARDS: ACHIEVEMENT AWARDS TO HONOR INDIVIDUALS FOR THEIR CONTRIBUTIONS TO OPHTHALMOLOGY AND VISION SCIENCE; AND TRAVEL GRANTS THAT PROVIDE SUPPORT TO INVESTIGATORS WHO HAVE AN ACCEPTED AND HIGH-INTEREST ABSTRACT FOR PRESENTATION AT THE ANNUAL MEETING.
Expenses $303,335 · Grants $82,992 · Revenue $29,684
-
Education and Professional Development Programs - Provided to ARVO members throughout the year on topics relevant to eye and vision scientists.
Expenses $633,773 · Revenue $217,228
As filed on the 2024 return.
Listed in Part VII
-
IRIS M RUSH CAE
EXECUTIVE DIRECTOR
- Total calculated
- $382,104
- From this org
- $347,713
- From related orgs
- $0
- Other
- $34,391
- Hours/week
- 37.5 + 5 related
Schedule J breakdown matched by us
- Base
- $346,713
- Bonus
- $1,000
- Other
- $0
- Deferred
- $33,171
- Nontaxable benefits
- $1,220
- Filer's total
- $382,104
-
JASON SPESSARD CAE
CHIEF OPERATING & FINANCIAL OFFICER
- Total calculated
- $269,786
- From this org
- $247,785
- From related orgs
- $0
- Other
- $22,001
- Hours/week
- 37.5 + 5 related
Schedule J breakdown matched by us
- Base
- $220,785
- Bonus
- $6,000
- Other
- $21,000
- Deferred
- $21,208
- Nontaxable benefits
- $793
- Filer's total
- $269,786
-
DANIEL IGNASZEWSKI
EXECUTIVE DIRECTOR-NAEVR AEVR
- Total calculated
- $264,184
- From this org
- $241,038
- From related orgs
- $0
- Other
- $23,146
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $238,038
- Bonus
- $3,000
- Other
- $0
- Deferred
- $23,146
- Nontaxable benefits
- $0
- Filer's total
- $264,184
-
LANCEY COWAN JD CAE
CHEIF OFFICER - MEETINGS & COMMUNITY ENGAGEMENT
- Total calculated
- $247,161
- From this org
- $216,087
- From related orgs
- $0
- Other
- $31,074
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $212,087
- Bonus
- $4,000
- Other
- $0
- Deferred
- $17,027
- Nontaxable benefits
- $14,047
- Filer's total
- $247,161
-
TIMOTHY MAXEY
CHIEF INFORMATION OFFICER
- Total calculated
- $231,722
- From this org
- $210,186
- From related orgs
- $0
- Other
- $21,536
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $206,186
- Bonus
- $4,000
- Other
- $0
- Deferred
- $19,684
- Nontaxable benefits
- $1,852
- Filer's total
- $231,722
-
JULENE JOY CAE
CHIEF MARKETING & COMMUNICATIONS OFFICER
- Total calculated
- $221,649
- From this org
- $179,876
- From related orgs
- $0
- Other
- $41,773
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $174,876
- Bonus
- $5,000
- Other
- $0
- Deferred
- $18,012
- Nontaxable benefits
- $23,761
- Filer's total
- $221,649
-
JONATHAN MALLETT PHD
SENIOR DIRECTOR OF JOURNALS
- Total calculated
- $170,852
- From this org
- $154,608
- From related orgs
- $0
- Other
- $16,244
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $151,108
- Bonus
- $3,500
- Other
- $0
- Deferred
- $14,393
- Nontaxable benefits
- $1,852
- Filer's total
- $170,853
-
CATHERINE CONLEY
DIRECTOR OF ONLINE EDUCATION
- Total calculated
- $159,467
- From this org
- $126,163
- From related orgs
- $0
- Other
- $33,304
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $121,663
- Bonus
- $4,500
- Other
- $0
- Deferred
- $12,406
- Nontaxable benefits
- $20,897
- Filer's total
- $159,466
-
KATHERINE COX
SR DIRECTOR OF PROGRAMMING
- Total calculated
- $154,703
- From this org
- $132,963
- From related orgs
- $0
- Other
- $21,740
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $129,463
- Bonus
- $3,500
- Other
- $0
- Deferred
- $13,209
- Nontaxable benefits
- $8,531
- Filer's total
- $154,703
-
BRIAN KATZ
DIRECTOR OF DEVELOPMENT
- Total calculated
- $138,495
- From this org
- $125,317
- From related orgs
- $0
- Other
- $13,178
- Hours/week
- 37.5
-
J MARK PETRASH PHD FARVO
EXECUTIVE VICE PRESIDENT
- Total calculated
- $45,000
- From this org
- $45,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
PATRICIA D'AMORE PHD MBA FARVO
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
SRRINIVAS SADDA MD FARVO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
LEOPOLD SCHMETTERER PHD FARVO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
FRANK LOVICU PHD FARVO
VICE PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 4
-
JOSEPH DEMER MD PHD FARVO
VICE PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 4
-
SOPHIE DENG MD PHD FARVO
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 4
-
TERRI YOUNG MD PHD FARVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TIEN WONG FRCS PHD FARVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
WEI LI MD PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
C ROSS ETHIER PHD FARVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MATTHEW WILSON MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
SUSANA CHUNG OD PHD FAAO FARVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JUNKO HORI MD PHD FARVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GOLDIS MALEK PHD FARVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a
- ARVO SUPPORTS THE HEALTH AND WELLNESS OF OUR EMPLOYEES AND WILL REIMBURSE EMPLOYEES FOR A PORTION OF THE COST OF INDIVIDUAL HEALTH CLUB/FITNESS CLASS FEES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
The ARVO Foundation for Eye Research
501(c)(3) · Education and stable support for original and innovative research · MD · controlled entity
Directly controlled by Association for Research in Vision and Ophthalmology
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202501209349303160
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.