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← RETINA SOCIETY INC

Form 990 for tax year 2023

Filed by RETINA SOCIETY INC.

Totals

Total revenue
$1,663,904
Total expenses
$1,962,985
Contributions and grants received
$303,865
Grants paid
$147,984
Program service revenue
$1,240,705
Investment income
$119,334
Other revenue
$0
Total assets, end of year
$3,999,525
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,999,525
Program services expenses (Part IX)
$1,722,385
Management and general expenses
$240,600
Fundraising expenses
$0
Program service expenses (Part III)
$1,722,385

Program services were 87.7% 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.

  • 1b · Membership dues

    $212,875

  • 1f · All other contributions, gifts and grants

    $90,990

  • 2a · Program service revenue: ANNUAL MEETING

    total $1,132,225 · related or exempt $1,132,225

  • 2b · Program service revenue: JOINT AAO EVENTS

    total $108,480 · related or exempt $108,480

  • 3 · Investment income

    total $81,763 · excluded $81,763

  • 7a · Gross sales of assets other than inventory

    securities $37,571

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

    securities $0

  • 7c · Gain or loss

    securities $37,571

  • 7d · Net gain or loss

    total $37,571 · excluded $37,571

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $147,984 · program services $147,984

  • 7 · Other salaries and wages

    total $82,113 · program services $32,845 · management and general $49,268

  • 8 · Pension plan contributions

    total $19,000 · program services $7,600 · management and general $11,400

  • 10 · Payroll taxes

    total $6,490 · program services $2,596 · management and general $3,894

  • 11c · Fees: accounting

    total $49,600 · management and general $49,600

  • 13 · Office expenses

    total $962 · management and general $962

  • 14 · Information technology

    total $60,445 · management and general $60,445

  • 16 · Occupancy

    total $5,341 · management and general $5,341

  • 17 · Travel

    total $12,359 · management and general $12,359

  • 19 · Conferences, conventions and meetings

    total $1,531,360 · program services $1,531,360

  • 22 · Depreciation, depletion and amortization

    total $16,245 · management and general $16,245

  • 24a · Other expenses: BANK CHARGES

    total $20,578 · management and general $20,578

  • 24b · Other expenses: MISCELLANEOUS

    total $10,508 · management and general $10,508

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,016,293 · end of year $693,633

  • 2 · Savings and temporary cash investments

    beginning of year $199,620 · end of year $201,626

  • 4 · Accounts receivable

    beginning of year $9,750 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,000 · end of year $66,068

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

    $48,736

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

    $24,368

  • 10c · Land, buildings and equipment, net

    beginning of year $40,613 · end of year $24,368

  • 11 · Investments: publicly traded securities

    beginning of year $2,628,970 · end of year $3,013,830

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,166 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,005,230 · end of year $3,981,219

  • 28 · Net assets with donor restrictions

    beginning of year $27,850 · end of year $18,306

Mission and programs · 2023

Mission

THE SOCIETY EXISTS TO PROVIDE EDUCATIONAL ADVANCEMENT IN OPHTHALMOLOGY.

  • THE ORGANIZATION EDUCATED PARTICIPANTS IN THE ADVANCEMENT OF OPHTHALMOLOGY.

    Expenses $1,722,385 · Grants $147,984 · Revenue $1,240,705

As filed on the 2023 return.

Listed in Part VII

  • JENNIFER LIM MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • DAVID ZACKS MD PHD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • TIMOTHY MURRAY MD MBA

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • ANTONIO CAPONE JR MD

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • JEFFREY HEIER MD

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • CARL REGILLO MD

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    5

  • DEAN ELLIOT MD

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413209349301971

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