OPHTHALMOLOGY RESEARCH FOUNDATION

Address
PO BOX 015869
MIAMI, FL 33101
Contact
Phone: +1 (305) 326-6190
Nonprofit
NTEE: H114 - Medical research
EIN: 23-7081974

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR THE DEPARTMENT OF OPTHALMOLOGY OF THE UNIVERSITY OF MIAMI SCHOOL OF MEDICINE
 20172016201520142013
Basic features of the organization
Year of formation1970
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$3,459,668.00    
Number of employees00   
Number of people compensated >$100k7    
Personnel
Alfonso, Eduardo
TitlePRESIDENTSECRETARY/TR   
Name of key/compensated personEDUARDO ALFONSO MDEDUARDO ALFONSO MD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$888,157.00$0.00   
Breakdown of reportable comp
Base reportable compensation from org$888,157.00    
Nontaxable benefits from org$3,564.00    
Other comp, non-reportable, from org and related orgs$3,564.00$3,564.00   
Sum of all compensation from org$891,721.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$925,101.00   
Clarkson, John
TitleEXECUTIVE DIPRESIDENT   
Name of key/compensated personJOHN G CLARKSON MDJOHN G CLARKSON MD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$443,440.00$0.00   
Breakdown of reportable comp
Base reportable compensation from org$443,440.00    
Nontaxable benefits from org$7,231.00    
Other comp, non-reportable, from org and related orgs$7,231.00$7,231.00   
Sum of all compensation from org$450,671.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$389,778.00   
Gedde, Steven
TitleMEMBER-AT-LAVICE PRESIDE   
Name of key/compensated personSTEVEN J GEDDESTEVEN J GEDDE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org0.500.50   
Reportable compensation from org$370,505.00$0.00   
Breakdown of reportable comp
Base reportable compensation from org$370,505.00    
Nontaxable benefits from org$1,242.00    
Other comp, non-reportable, from org and related orgs$1,242.00$1,242.00   
Sum of all compensation from org$371,747.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$374,325.00   
Gittelman, Michael
TitleMEMBER-AT-LAEXECUTIVE DI   
Name of key/compensated personMICHAEL GITTELMANMICHAEL GITTELMAN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$574,199.00$0.00   
Breakdown of reportable comp
Base reportable compensation from org$574,199.00    
Nontaxable benefits from org$774.00    
Other comp, non-reportable, from org and related orgs$774.00$774.00   
Sum of all compensation from org$574,973.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$449,105.00   
Karp, Carol
TitleMEMBER-AT-LA    
Name of key/compensated personCAROL KARP MD    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org0.50    
Reportable compensation from org$212,601.00    
Breakdown of reportable comp
Base reportable compensation from org$212,601.00    
Nontaxable benefits from org$1,242.00    
Other comp, non-reportable, from org and related orgs$1,242.00    
Sum of all compensation from org$213,843.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Parrish, Richard
TitleSECRETARYVICE PRESIDE   
Name of key/compensated personRICHARD PARRISH II MDRICHARD PARRISH II MD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org0.500.50   
Reportable compensation from org$565,005.00$0.00   
Breakdown of reportable comp
Base reportable compensation from org$565,005.00    
Nontaxable benefits from org$6,858.00    
Other comp, non-reportable, from org and related orgs$6,858.00$3,564.00   
Sum of all compensation from org$571,863.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$553,314.00   
Tse, David
TitleMEMBER-AT-LA    
Name of key/compensated personDAVID TSE MD    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org0.50    
Reportable compensation from org$405,761.00    
Breakdown of reportable comp
Base reportable compensation from org$405,761.00    
Nontaxable benefits from org$6,858.00    
Other comp, non-reportable, from org and related orgs$6,858.00    
Sum of all compensation from org$412,619.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR THE DEPARTMENT OF OPTHALMOLOGY OF THE UNIVERSITY OF MIAMI SCHOOL OF MEDICINETHE ORGANIZATION'S PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR THE DEPARTMENT OF OPHTHALMOLOGY OF THE UNIVERSITY OF MIAMI SCHOOL OF MEDICINE   
Program service expenses, total$2,941,139.00$1,227,427.00   
Programs, including revenue & expenses
THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY, OR CONSTRUCTS BASCOM PALMBER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER EYE INSTITUTE IN NAPLES, FL
Program expenses$2,941,139.00$1,227,427.00   
Grants and allocations made$997,561.00$150,000.00   
Program revenue$1,288,084.00$1,062,317.00   
Program descriptionTHE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY, OR CONSTRUCTS BASCOM PALMBER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER EYE INSTITUTE IN NAPLES, FLTHE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY, OR CONSTRUCTS BASCOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER EYE INSTITUTE IN NAPLES, FL   
Financial data
Revenue
Total revenue$4,102,375.00$4,555,956.00   
Revenue from contributions (total)$1,521,154.00$2,751,096.00$1,285,398.00$253,254.00$4,101,126.00
Investment income, current yr$1,293,137.00$742,543.00   
Total revenue from grants, etc., current yr$1,521,154.00$2,751,096.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$0.00$0.00   
Program service revenue (total)$1,288,084.00$1,062,317.00$546,419.00$528,315.00$501,749.00
Gross receipts$12,524,133.00$9,670,578.00   
Sources of contributions
Revenue from all other contributions$1,521,154.00$2,751,096.00   
Other types of revenue
Income from dividends, interest, and similar investments$452,297.00$412,023.00   
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$3,054,226.00$1,324,016.00   
Total functional expenses: program service $2,941,139.00$1,227,427.00   
Total functional expenses: management and general$108,954.00$88,052.00   
Total functional expenses: fundraising$4,133.00$8,537.00   
Fees for services
Legal fees (total)$3,416.00$9,463.00   
Fundraising service fees (total)$0.00$0.00   
Investment management fees (total)$66,150.00$56,050.00   
Assets and liabilities
Total assets$71,728,118.00$66,531,522.00$63,481,590.00$51,257,236.00$48,281,280.00
Total assets, beginning of year$66,531,522.00$63,481,590.00   
Total liabilities$17,990,379.00$15,350,000.00$15,257,583.00$4,290,987.00$3,177,490.00
Total liabilities, beginning of year$15,350,000.00$15,257,583.00   
Pledges & accounts receivable, net$601,771.00$1,006,090.00   
Unrestricted net assets, end of yr$53,737,739.00$45,010,908.00   
Temporarily restricted net assets $5,170,614.00   
Permanently restricted net assets, end of yr $1,000,000.00   
Net assets$53,737,739.00$51,181,522.00   
Net assets, beginning of year$51,181,522.00$48,224,007.00   
Other liabilities$17,376,918.00$15,350,000.00   
Other assets$2,575.00$495,007.00   
Investments: publicly traded securities$24,046,231.00$21,532,357.00   
Cash: non-interest bearing -$2.00   
Cash: non-interest bearing, beginning of year-$2.00    
Other financial variables
Revenue less expenses$1,048,149.00$3,231,940.00   
Savings & temp cash investment$8,217,389.00$5,835,209.00   
Accounts payable & accrued expenses$613,461.00    
Total net assets or fund balances$53,737,739.00$51,181,522.00   
Depreciation, depletion, amortization$909,309.00$855,295.00   
Governance and accountability
Number of voting members65   
Number of independent voting members00   
Accrual accountingTrueTrue   
Tax year start date2016-08-012015-08-01   
Tax year end date2017-07-012016-07-012015-07-012014-07-012013-07-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5kTrueTrue   
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2018-03-062017-08-30   
IRS schema version2016v3.12015v3.0   
Filing identifier201840399349300549201711149349300416   
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