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Nonprofiteer
← GLAUCOMA FOUNDATION INC

Form 990 for tax year 2022

Filed by GLAUCOMA FOUNDATION INC.

Totals

Total revenue
$2,913,222
Total expenses
$2,184,741
Contributions and grants received
$2,557,425
Grants paid
$445,000
Program service revenue
$0
Investment income
$325,797
Other revenue
$30,000
Total assets, end of year
$12,309,626
Total liabilities, end of year
$554,217
Net assets or fund balances, end of year
$11,755,409
Program services expenses (Part IX)
$1,591,392
Management and general expenses
$270,234
Fundraising expenses
$323,115
Program service expenses (Part III)
$1,591,392

Program services were 72.8% 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

    $2,557,425

  • 3 · Investment income

    total $135,466 · excluded $135,466

  • 7a · Gross sales of assets other than inventory

    securities $215,698

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

    securities $25,367

  • 7c · Gain or loss

    securities $190,331

  • 7d · Net gain or loss

    total $190,331 · excluded $190,331

  • 11a · Other revenue: OTHER INCOME

    total $30,000 · related or exempt $30,000

  • 11e · Other revenue, total

    $30,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $385,000 · program services $385,000

  • 3 · Grants to foreign organizations and individuals

    total $60,000 · program services $60,000

  • 5 · Compensation of officers, directors and key employees

    total $526,882 · program services $368,817 · management and general $56,374 · fundraising $101,691

  • 7 · Other salaries and wages

    total $301,817 · program services $254,423 · management and general $22,335 · fundraising $25,059

  • 8 · Pension plan contributions

    total $9,032 · program services $7,610 · management and general $664 · fundraising $758

  • 9 · Other employee benefits

    total $54,687 · program services $43,467 · management and general $1,806 · fundraising $9,414

  • 10 · Payroll taxes

    total $46,324 · program services $35,003 · management and general $4,214 · fundraising $7,107

  • 11e · Fees: professional fundraising services

    total $30,000 · fundraising $30,000

  • 11f · Fees: investment management

    total $122,006 · management and general $122,006

  • 11g · Fees: other

    total $64,659 · program services $30,000 · management and general $34,659

  • 13 · Office expenses

    total $36,674 · program services $27,711 · management and general $3,335 · fundraising $5,628

  • 16 · Occupancy

    total $97,822 · program services $73,915 · management and general $8,897 · fundraising $15,010

  • 19 · Conferences, conventions and meetings

    total $12,725 · program services $12,725

  • 22 · Depreciation, depletion and amortization

    total $2,720 · program services $2,055 · management and general $247 · fundraising $418

  • 23 · Insurance

    total $6,854 · program services $5,179 · management and general $623 · fundraising $1,052

  • 24a · Other expenses: DIRECT MAIL

    total $213,760 · program services $106,880 · fundraising $106,880

  • 24b · Other expenses: COMMUNITY OUTREACH

    total $146,688 · program services $146,688

  • 24c · Other expenses: OTHER

    total $40,324 · program services $7,410 · management and general $12,816 · fundraising $20,098

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $26,767 · program services $24,509 · management and general $2,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,144,101 · end of year $831,853

  • 2 · Savings and temporary cash investments

    beginning of year $2,455,337 · end of year $2,611,637

  • 3 · Pledges and grants receivable

    beginning of year $335,782 · end of year $25,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,101 · end of year $48,048

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

    $97,438

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

    $93,465

  • 10c · Land, buildings and equipment, net

    beginning of year $5,767 · end of year $3,973

  • 11 · Investments: publicly traded securities

    beginning of year $8,968,276 · end of year $8,583,863

  • 15 · Other assets

    beginning of year $27,796 · end of year $205,252

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,222 · end of year $50,382

  • 18 · Grants payable

    beginning of year $543,187 · end of year $315,000

  • 25 · Other liabilities

    beginning of year $8,071 · end of year $188,835

  • 27 · Net assets without donor restrictions

    beginning of year $6,430,846 · end of year $7,033,197

  • 28 · Net assets with donor restrictions

    beginning of year $5,921,834 · end of year $4,722,212

Mission and programs · 2022

Mission

THE GLAUCOMA FOUNDATION IS AN INTERNATIONAL NOT-FOR-PROFIT ORGANIZATION DEDICATED TO ERADICATING GLAUCOMA, THE LEADING CAUSE OF PREVENTABLE BLINDNESS. THE STRATEGY TO ACHIEVE THIS GOAL IS TWO-FOLD: RAISE PUBLIC AWARENESS CONCERNING THE NECESSITY OF ROUTINE EYE EXAMS, AND FUND CRITICAL RESEARCH TO FIND CURES FOR GLAUCOMA.

Activities or mission (Part I)

TGF IS AN INTERNATIONAL NOT-FOR-PROFIT ORGANIZATION DEDICATED TO ERADICATING GLAUCOMA.

  • MEDICAL RESEARCH: THE GLAUCOMA FOUNDATION AWARDS GRANTS-IN-AID FOR GLAUCOMA RESEARCH IN THE FOLLOWING DISCIPLINES:1. OPTIC NERVE RESCUE AND RESTORATIONS- NEUROPROTECTANTS AND THEIR ROLE IN GLAUCOMA- REVERSAL OF DYSFUNCTION OF DAMAGED RETINAL GANGLION CELLS- RETINAL GANGLION CELL AXONAL REGENERATION- OPTIC NERVE TRANSPLANTATION2. MOLECULAR GENETICS- RESEARCH INTO THE GENETIC CAUSES OF THE VARIOUS FORMS OF GLAUCOMA, PARTICULARLY THE IDENTIFICATION OF THE RESPONSIBLE GENES, WITH THE LONG-TERM GOAL OF FINDING WAYS TO REVERSE THESE GENETIC DEFECTS.3. NANOTECHNOLOGY- RESEARCH INTO THE USE OF NANOTECHNOLOGY FOR MONITORING IOP, DIAGNOSING AND MONITORING DAMAGE TO THE OPTIC NERVE AND DELIVERING DRUGS AND OTHER THERAPIES.GRANTS ARE AWARDED FOR A ONE-YEAR PERIOD AND ARE RENEWABLE. THE MAXIMUM AMOUNT OF FUNDS AWARDED FOR A ONE-YEAR PERIOD IS $60,000 PER GRANTEE. RESEARCHERS MAY ALSO APPLY FOR A ONE-TIME EXPANDED GRANT RENEWAL UP TO $60,000 FOR A SECOND YEAR. FUNDS ARE NOT TO BE USED FOR SALARIES, PERSONNEL SUPPORT, OVERHEAD OR OTHER INDIRECT COSTS. ALL REQUESTS FOR GRANTS MUST BE MADE IN WRITING ON THE FOUNDATION'S APPLICATION FORM AND SUPPORTING DOCUMENTATION MUST INCLUDE A DESCRIPTION OF THE OBJECTIVES, BACKGROUND, METHODOLOGY, SIGNIFICANCE, ANY PRELIMINARY RESULTS, AND BUDGET FOR THE PROJECT.THE FOUNDATION ALSO SPONSORS THE ANNUAL SCIENTIFIC THINK TANK ON OPTIC NERVE RESCUE AND RESTORATION, A WORLDWIDE COLLABORATION OF LEADING SCIENTISTS AND RESEARCHERS POOLING THEIR EFFORTS TO SEEK A WAY TO REVERSE OPTIC NERVE DAMAGE.PUBLIC EDUCATION: THE GLAUCOMA FOUNDATION DISTRIBUTES THE FOLLOWING PUBLICATION ON REQUEST TO THE GENERAL PUBLIC AT NO CHARGE:- A 20-PAGE COLOR BROCHURE, DOCTOR, I HAVE A QUESTION, A GUIDE FOR PATIENTS AND THEIR FAMILIES- A QUARTERLY NEWSLETTER, EYE TO EYE- A LEAFLET, GLAUCOMA: THE LEADING CAUSE OF PREVENTABLE BLINDNESS, A BRIEF GUIDE DESCRIBING GLAUCOMA AND TREATMENT FOR GLAUCOMA.

    Expenses $1,591,392 · Grants $445,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gregory K Harmon

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Robert Ritch

    FOUNDER

    Total calculated
    $0
    Hours/week
    1
  • Baldo Scassellati Sforzolini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Salvatore Ciampo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Reza Dibadj

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Murray Fingeret

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Fellows

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul L Kaufman

    DIRECTOR (THRU 6/30/22)

    Total calculated
    $0
    Hours/week
    1
  • Barry S Friedberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey M Liebmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kumar Mahadeva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Mortenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Naj Sharif

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jai G Parekh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joe Rosen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Louis Pasquale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sheldon M Siegel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Calaba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carole Darden-Lloyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alon Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Annette Grollman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Hearst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nilda Richards

    CONTROLLER & TREASURER

    Total calculated
    $120,112
    From this org
    $98,171
    From related orgs
    $0
    Other
    $21,941
    Hours/week
    40
  • Elena Sturman

    PRESIDENT & CEO

    Total calculated
    $406,769
    From this org
    $376,001
    From related orgs
    $0
    Other
    $30,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,001
    Bonus
    $0
    Other
    $0
    Deferred
    $11,180
    Nontaxable benefits
    $19,588
    Filer's total
    $406,769
  • Cly Fowkes

    DIRECTOR OF SPECIAL PROJECTS

    Total calculated
    $155,086
    From this org
    $131,902
    From related orgs
    $0
    Other
    $23,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,902
    Bonus
    $0
    Other
    $0
    Deferred
    $3,957
    Nontaxable benefits
    $19,227
    Filer's total
    $155,086

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

  • 3 · Form 990 of other organizations
  • 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

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202322269349301892

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