Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $8,771,404

• 3 · Investment income

  total $234,849 · excluded $234,849

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

  other assets $1,999,982

• 7c · Gain or loss

  other assets -$1,999,982

• 7d · Net gain or loss

  total -$1,999,982 · excluded -$1,999,982

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,000,000 · program services $1,000,000

• 5 · Compensation of officers, directors and key employees

  total $639,542 · program services $639,542

• 7 · Other salaries and wages

  total $341,392 · program services $341,392

• 8 · Pension plan contributions

  total $42,691 · program services $42,691

• 9 · Other employee benefits

  total $108,640 · program services $108,640

• 10 · Payroll taxes

  total $56,761 · program services $56,761

• 11a · Fees: management

  total $13,568 · program services $1,613 · management and general $11,955

• 11b · Fees: legal

  total $86,585 · program services $86,585

• 11c · Fees: accounting

  total $17,980 · management and general $17,980

• 13 · Office expenses

  total $6,893 · program services $6,893

• 16 · Occupancy

  total $11,637 · program services $11,637

• 17 · Travel

  total $48,582 · program services $48,059 · management and general $523

• 19 · Conferences, conventions and meetings

  total $59,523 · program services $57,685 · management and general $1,838

• 24a · Other expenses: PRINTING & SUBSCRIPTION

  total $7,222 · program services $962 · management and general $6,260

• 24e · All other expenses

  total $35 · program services $35

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $123,509 · end of year $123,221

• 7 · Other notes and loans receivable

  beginning of year $3,250,000 · end of year $1,250,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $750 · end of year $800

• 13 · Investments: program-related

  beginning of year $42,666,783 · end of year $53,199,218

• 15 · Other assets

  beginning of year $6,419,765 · end of year $5,060,459

• 17 · Accounts payable and accrued expenses

  beginning of year $85,288 · end of year $103,316

• 27 · Net assets without donor restrictions

  beginning of year $52,375,519 · end of year $59,530,382

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

THE FOUNDATION FIGHTING BLINDNESS, INC., A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION FOR THE ORGANIZATION'S EMPLOYEES. THE FOUNDATION FIGHTING BLINDNESS, INC. USES AN EXECUTIVE COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. SCHEDULE J, PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FFB OFFERS A LONG-TERM INCENTIVE PLAN (LTIP) TO CERTAIN MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM. THE PLAN OPERATES ON A THREE-YEAR CYCLE WHEREIN INCENTIVE PAYMENTS ARE ACCRUED ANNUALLY BASED UPON ACHIEVEMENT OF PERFORMANCE OBJECTIVES AND PAID OUT AT THE END OF THE THREE-YEAR PERIOD. THE LAST CYCLE COVERED FISCAL YEARS 2022, 2023, AND 2024, AND WAS PAID OUT IN THE FALL OF 2024. SUBSEQUENTLY, THE FOLLOWING AMOUNTS ARE INCLUDED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III): - JASON D. MENZO: $91,227 - PETER L. GINSBERG: $79,679 - RUSSELL W. KELLEY: $77,904 A NEW LTIP THREE-YEAR CYCLE COMMENCED JULY 1, 2024, AND WILL COVER FISCAL YEARS 2025, 2026, AND 2027. THE FOLLOWING AMOUNTS WERE ACCRUED IN CALENDAR YEAR 2024 AND ARE THEREFORE INCLUDED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C): - JASON D. MENZO: $15,531 - PETER L. GINSBERG: $11,589 - RUSSELL W. KELLEY: $11,367 SCHEDULE J, PART I, LINE 7: FFB EMPLOYEES PARTICIPATE IN AN ANNUAL INCENTIVE PLAN. THE PLAN PROVIDES AN ANNUAL CASH BONUS DEPENDING UPON THE ACHIEVEMENT OF PRE-DETERMINED ORGANIZATION AND INDIVIDUAL PERFORMANCE CRITERIA.