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Nonprofiteer
← HERMANN EYE FUND

Form 990 for tax year 2023

Filed by HERMANN EYE FUND.

Totals

Total revenue
$3,316,138
Total expenses
$2,942,276
Contributions and grants received
$38,814
Grants paid
$0
Program service revenue
$0
Investment income
$2,450,146
Other revenue
$827,178
Total assets, end of year
$28,160,900
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$28,160,900
Program services expenses (Part IX)
$797,099
Management and general expenses
$2,145,177
Fundraising expenses
$0
Program service expenses (Part III)
$797,099

Program services were 27.1% 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.

  • 1f · All other contributions, gifts and grants

    $38,814

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $695,487 · excluded $695,487

  • 6a · Gross rents

    real property $809,432

  • 6c · Rental income or loss

    real property $809,432 · personal property $0

  • 6d · Net rental income or loss

    total $809,432 · excluded $809,432

  • 7a · Gross sales of assets other than inventory

    securities $14,115,461

  • 7b · Less cost or other basis and sales expenses

    securities $12,360,802

  • 7c · Gain or loss

    securities $1,754,659 · other assets $0

  • 7d · Net gain or loss

    total $1,754,659 · excluded $1,754,659

  • 11a · Other revenue: RENTAL REIMBURSEMENT

    total $11,670 · excluded $11,670

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $6,076 · excluded $6,076

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $17,746

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $34,274 · management and general $34,274

  • 11c · Fees: accounting

    total $47,917 · management and general $47,917

  • 11f · Fees: investment management

    total $117,783 · management and general $117,783

  • 11g · Fees: other

    total $52,320 · program services $0 · management and general $52,320 · fundraising $0

  • 13 · Office expenses

    total $8 · management and general $8

  • 16 · Occupancy

    total $1,886,273 · management and general $1,886,273

  • 17 · Travel

    total $9 · management and general $9

  • 22 · Depreciation, depletion and amortization

    total $310 · management and general $310

  • 23 · Insurance

    total $6,146 · management and general $6,146

  • 24a · Other expenses: INDIGENT CARE

    total $797,099 · program services $797,099

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $137 · management and general $137

  • 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 $217,375 · end of year $171,461

  • 2 · Savings and temporary cash investments

    beginning of year $282,311 · end of year $136,634

  • 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 $500,000 · end of year $500,000

  • 10a · Land, buildings and equipment: cost or other basis

    $1,566,413

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,565,173

  • 10c · Land, buildings and equipment, net

    beginning of year $1,550 · end of year $1,240

  • 11 · Investments: publicly traded securities

    beginning of year $28,229,974 · end of year $25,977,044

  • 12 · Investments: other securities

    beginning of year $1,374,521 · end of year $1,374,521

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $3,857,200 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $26,748,531 · end of year $28,160,900

Mission and programs · 2023

Mission

HERMANN EYE FUND PROVIDES FUNDING FOR: PATIENT SERVICES; INDIGENT CARE; TEACHING AND TRAINING RESIDENTS, FELLOWS, INTERNS, MEDICAL STUDENTS, NURSES, OPHTHALMIC ASSISTANTS, ALLIED HEALTH PERSONNEL, PRACTICING PHYSICIANS AND OPTOMETRISTS; AND SCIENTIFIC RESEARCH.

Activities or mission (Part I)

PROMOTE EYE CARE FOR THE INDIGENT AND TRAINING AND RESEARCH TO FURTHER THE FIGHT AGAINST EYE DISEASE.

  • HERMANN EYE FUND PROVIDES FUNDING FOR INDIGENT PATIENT CARE TO PATIENTS WITH EYE PROBLEMS.

    Expenses $797,099

  • HERMANN EYE FUND PROVIDES FUNDS TO THE UNIVERSITY OF TEXAS DEPARTMENT OF OPHTHALMOLOGY TO AID IN RESEARCH, EDUCATION OF STUDENTS AND FACULTY, COMMUNITY SERVICE, AND PATIENT EDUCATION AND CARE.

  • FUNDING FOR RESEARCH OF EYE-RELATED SUBJECTS. THE RESEARCH IS DONE CONTINUALLY WITH ASSISTANCE FROM THE DEPARTMENT OF OPHTHALMOLOGY AT THE UNIVERSITY OF TEXAS MEDICAL CENTER AT HOUSTON.

As filed on the 2023 return.

Listed in Part VII

  • Diana Hawkins

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin Dillon

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paula Cizik

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Andrassy MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Gordon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • James McCarthy MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Giglio MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Roland Garcia

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

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.

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.

  • MEMORIAL HERMANN HEALTH SYSTEM

    501(c)(3) · HEALTHCARE · TX

    Directly controlled by NA

  • DEPT OF OPHTH - UTMB HOUSTON

    501(c)(3) · PATIENT CARE · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
13 June 2025
IRS schema version
2023v6.0
Source object
202511649349300521

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