Civic Intelligence

Research to Prevent Blindness Endowment Fund Inc

EIN 13-3471559 • 501(c)3 • New York, NY

Profile

Rpbef provides the organizational and financial resources necessary to support a comprehensive program of eye research.

360 Lexington Avenue 22nd FLNew York, NY 10017

www.rpbusa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.03x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.58x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

30th percentile

$494,285

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

45th percentile

4.5%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-10%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$285,951,128

Up $12,292,392 (+4.5%) from 2023

Liabilities

Down

$7,619,783

Down $70,600 (-0.9%) from 2023

Net Assets

Up

$278,331,345

Up $12,362,992 (+4.6%) from 2023

Revenue

Down

$13,097,577

Down $1,529,402 (-10%) from 2023

Expenses

Up

$10,202,061

Up $1,412,538 (+16%) from 2023

Net Income

Down

$2,895,516

Down $2,941,940 (-50%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2011: $243,630,711Liabilities 2011: $5,241,571Net Assets 2011: $238,389,1402011Assets 2012: $260,200,895Liabilities 2012: $6,666,990Net Assets 2012: $253,533,9052012Assets 2013: $264,574,095Liabilities 2013: $6,933,808Net Assets 2013: $257,640,2872013Assets 2014: $261,571,475Liabilities 2014: $7,728,552Net Assets 2014: $253,842,9232014Assets 2015: $245,992,289Liabilities 2015: $7,765,154Net Assets 2015: $238,227,1352015Assets 2016: $252,796,452Liabilities 2016: $7,481,324Net Assets 2016: $245,315,1282016Assets 2017: $278,119,436Liabilities 2017: $8,867,630Net Assets 2017: $269,251,8062017Assets 2018: $253,655,867Liabilities 2018: $8,111,284Net Assets 2018: $245,544,5832018Assets 2019: $288,552,685Liabilities 2019: $14,498,009Net Assets 2019: $274,054,6762019Assets 2020: $289,893,310Liabilities 2020: $8,979,484Net Assets 2020: $280,913,8262020Assets 2021: $317,713,049Liabilities 2021: $8,560,400Net Assets 2021: $309,152,6492021Assets 2022: $261,385,390Liabilities 2022: $8,630,887Net Assets 2022: $252,754,5032022Assets 2023: $273,658,736Liabilities 2023: $7,690,383Net Assets 2023: $265,968,3532023Assets 2024: $285,951,128Liabilities 2024: $7,619,783Net Assets 2024: $278,331,3452024

Highlighted filing

2024

Assets$285,951,128
Liabilities$7,619,783
Net Assets$278,331,345

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MRevenue 2011: $10,799,943Expenses 2011: $8,713,115Net Income 2011: $2,086,8282011Revenue 2012: $12,724,253Expenses 2012: $9,759,572Net Income 2012: $2,964,6812012Revenue 2013: $10,406,395Expenses 2013: $11,083,180Net Income 2013: -$676,7852013Revenue 2014: $19,888,086Expenses 2014: $14,346,041Net Income 2014: $5,542,0452014Revenue 2015: $11,639,086Expenses 2015: $9,933,683Net Income 2015: $1,705,4032015Revenue 2016: $9,983,637Expenses 2016: $9,372,986Net Income 2016: $610,6512016Revenue 2017: $22,567,992Expenses 2017: $10,432,679Net Income 2017: $12,135,3132017Revenue 2018: $13,725,544Expenses 2018: $13,062,745Net Income 2018: $662,7992018Revenue 2019: $9,787,258Expenses 2019: $10,257,213Net Income 2019: -$469,9552019Revenue 2020: $3,476,808Expenses 2020: $9,366,345Net Income 2020: -$5,889,5372020Revenue 2021: $28,546,765Expenses 2021: $9,962,309Net Income 2021: $18,584,4562021Revenue 2022: $7,097,210Expenses 2022: $21,723,448Net Income 2022: -$14,626,2382022Revenue 2023: $14,626,979Expenses 2023: $8,789,523Net Income 2023: $5,837,4562023Revenue 2024: $13,097,577Expenses 2024: $10,202,061Net Income 2024: $2,895,5162024

Highlighted filing

2024

Revenue$13,097,577
Expenses$10,202,061
Net Income$2,895,516

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$286$7.62$278$13.1$10.2$2.90
2023Detailed filing. Detailed filing data is available for this year.$274$7.69$266$14.6$8.79$5.84
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$261$8.63$253$7.10$21.7$14.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$318$8.56$309$28.5$9.96$18.6
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$290$8.98$281$3.48$9.37$5.89
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$289$14.5$274$9.79$10.3$0.47
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$254$8.11$246$13.7$13.1$0.66
2017Summary only. Only limited summary data is available for this year.$278$8.87$269$22.6$10.4$12.1
2016Summary only. Only limited summary data is available for this year.$253$7.48$245$9.98$9.37$0.61
2015Summary only. Only limited summary data is available for this year.$246$7.77$238$11.6$9.93$1.71
2014Summary only. Only limited summary data is available for this year.$262$7.73$254$19.9$14.3$5.54
2013Summary only. Only limited summary data is available for this year.$265$6.93$258$10.4$11.1$0.68
2012Summary only. Only limited summary data is available for this year.$260$6.67$254$12.7$9.76$2.96
2011Summary only. Only limited summary data is available for this year.$244$5.24$238$10.8$8.71$2.09
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 15, 2024
Return Version
2023v5.1
Gross Receipts
$173,361,650
Mission and Program Overview

Mission

Rpbef provides the organizational and financial resources necessary to support a comprehensive program of eye research.

Provides the organizational & financial resources necessary to support eye research

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$85,579,335$174,238,846▲ $88,659,511
Investments Other Securities$158,339,492$88,842,766▼ $69,496,726
Savings and Temporary Cash Investments$5,887,571$4,751,410▼ $1,136,161
Total Assets$261,385,390$273,658,736▲ $12,273,346
Other Assets Total$11,578,992$5,825,714▼ $5,753,278
Liabilities
Grants Payable$8,482,430$7,417,044▼ $1,065,386
Accounts Payable and Accrued Expenses$148,457$273,339▲ $124,882
Total Liabilities$8,630,887$7,690,383▼ $940,504
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,474,793$216,365,433▲ $13,890,640
Net Assets With Donor Restrictions$50,279,710$49,602,920▼ $676,790
Total Net Assets Fund Balance$252,754,503$265,968,353▲ $13,213,850
Total Liabilities and Net Assets / Fund Balance$261,385,390$273,658,736▲ $12,273,346

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,582,945--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$50,279,710$39,837▲ $283,373-$49,602,920
2022$51,299,470$2,000▲ $63,240-$50,279,710
2021$47,122,183$4,941,147▲ $296,140-$51,299,470
2020$48,098,147-▲ $109,036-$47,122,183
2019$49,046,205-▲ $136,942-$48,098,147
Compensation and Service Providers

Employees

NameTitleOtherTotal
Diane S SwiftChairman$42,812$42,812

Board Members and Trustees

NameTitle
Brian F HoflandPresident
David BrennerVice President & Secretary
John TinkerTreasurer & Asst Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Wilshire Associates INCInvestment Management Services1299 OCEAN AVENUE STE 700, Santa Monica, CA 90401$427,393
Revenue and Support

Revenue Composition

Contributions and Grants
$39,837
Program Service Revenue
$0
Investment Income
$3,881,429
Other Revenue
$10,705,713
All Other Contributions
$39,837
Change in Net Assets
$5,837,456
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,328,563
Other Expenses$1,460,960
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,328,563--$7,328,563
Fees for Service Investment Mgmnt Fees-$477,422-$477,422
Fees for Services Accounting-$32,750-$32,750
Other Expenses$798,004$11,960-$11,960
Total Functional Expenses$8,126,567$662,956$0$8,789,523
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Harvard Medical School-meeiBoston, MA501(c)(3)Career Development Research Grant$350,000
Harvard Medical School-meeiBoston, MA501(c)(3)Career Development Research Grant$350,000
University of California San Diego School of MedicineLa Jolla, CA501(c)(3)Career Development Research Grant$350,000
University of Illinois at Chicago College of MedicineChicago, IL501(c)(3)Career Development Research Grant$350,000
Washington University in Saint Louis School of MedicineSt Louis, MO501(c)(3)Career Development Research Grant$350,000
Board of Trustees of the Leland Stanford Junior UniversityPalo Alto, CA501(c)(3)Stein Innovation Grant$300,000
Duke University School of MedicineDurham, NC501(c)(3)Stein Innovation Grant$300,000
Harvard Medical School-meeiBoston, MA501(c)(3)Physician Scientist Grant$300,000
The Johns Hopkins University School of MedicineBaltimore, MD501(c)(3)Stein Innovation Grant$300,000
University of Miami Miller School of MedicineMiami, FL501(c)(3)Stein Innovation Grant$300,000
University of Texas Southwestern Medical Center at DallasDallas, TX501(c)(3)Challenge Grant$300,000
University of California Irvine School of MedicineIrvine, CA501(c)(3)Career Advancement Grant$150,000
Baylor College of MedicineHouston, TX501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Board of Trustees of the Leland Stanford Junior UniversityPalo Alto, CA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Cleveland Clinic Lerner College of MedicineCleveland, OH501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Columbia University College of Physicians & SurgeonsNew York, NY501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Duke University School of MedicineDurham, NC501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Harvard Medical School-meeiBoston, MA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Oregon Health & Science University School of MedicinePortland, OR501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
State University of Ny Upstate Medical UniversitySyracuse, NY501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
The Johns Hopkins University School of MedicineBaltimore, MD501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
The Regents of the University of California Los AngelesLos Angeles, CA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
The Regents of the University of Michigan School of MedicineAnn Arbor, MI501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of California Irvine School of MedicineIrvine, CA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of California San Diego School of MedicineLa Jolla, CA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of California San Francisco School of MedicineSan Francisco, CA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Colorado School of MedicineAurora, CO501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Illinois at Chicago College of MedicineChicago, IL501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Iowa Carver College of MedicineIowa City, IA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Miami Miller School of MedicineMiami, FL501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Oklahoma Health Sciences CenterOklahoma City, OK501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Pennsylvania School of MedicinePhiladelphia, PA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Pittsburgh School of MedicinePittsburgh, PA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Rochester School of Medicine & DentistryRochester, NY501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Utah Health Sciences CenterSalt Lake City, UT501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Washington School of MedicineSeattle, WA501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
University of Wisconsin-madison School of MedicineMadison, WI501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Vanderbilt University School of MedicineNashville, TN501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Washington University in Saint Louis School of MedicineSt Louis, MO501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Wayne State University School of MedicineDetroit, MI501(c)(3)UNRESTRICTED RESEARCH GRANT: DEPARTMENT OF OPHTHALMOLOGY$115,000
Alliance for Eye & Vision Research IncRockville, MD501(c)(3)Special Research Grant$80,000
Board of Trustees of the Leland Stanford Junior UniversityPalo Alto, CA501(c)(3)International Research Collaborators Grant$75,000
Harvard Medical School-meeiBoston, MA501(c)(3)International Research Collaborators Grant$75,000
The Johns Hopkins University School of MedicineBaltimore, MD501(c)(3)International Research Collaborators Grant$75,000
Board of Trustees of the Leland Stanford Junior UniversityPalo Alto, CA501(c)(3)Medical Student Eye Research Fellowship Grant$38,000
University of Wisconsin-madison School of MedicineMadison, WI501(c)(3)Medical Student Eye Research Fellowship Grant$38,000
Baylor College of MedicineHouston, TX501(c)(3)Medical Student Eye Research Fellowship Grant$30,000
Harvard Medical School-meeiBoston, MA501(c)(3)Medical Student Eye Research Fellowship Grant$30,000
The Regents of the University of California Los AngelesLos Angeles, CA501(c)(3)Medical Student Eye Research Fellowship Grant$30,000
University of California San Diego School of MedicineLa Jolla, CA501(c)(3)Medical Student Eye Research Fellowship Grant$30,000
Heed Ophthalmic FoundationSan Francisco, CA501(c)(3)Heed Fellowships Grant$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 will be distributed to the board for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest statements are signed annually by all board members. Rpbef currently has no conflicts.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, or financial staements available to the public.

Filing and Contact Details

Filer

Filer Name
Research to Prevent Blindness
EIN
13-3471559
Phone
2127524333
Address
360 LEXINGTON AVENUE 22ND FL, NEW YORK, NY 10017

Signing Officer

Name
Brian Hofland
Title
President
Phone
2127524333
Signed
2024-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Hofland
Formed
1988
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The temporary and permanently restricted funds of rpbef are used to support the mission of the organization, i.e., to foster medical and scientific research in the field of ophthalmology. This mission is specifically accomplished by grants to qualified institutions.

Raw XML AppendixShowing 400 of 980 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0273339
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDES THE ORGANIZATIONAL & FINANCIAL RESOURCES NECESSARY TO SUPPORT EYE RESEARCH
IRS990/AllOtherContributionsAmt039837
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum02127524333
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0360 LEXINGTON AVE 22ND FL
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
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IRS990/ContractorCompensationGrp/ServicesDesc0INVESTMENT MANAGEMENT SERVICES
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/Desc0RESEARCH GRANTS AND SUPPORT: DURING 2023, RESEARCH TO PREVENT BLINDNESS ENDOWMENT FUND, INC. (RPBEF) MADE GRANTS TO UNIVERSITY MEDICAL SCHOOLS TO AID IN THE OPHTHALMOLOGICAL RESEARCH OF BLINDING EYE DISEASES.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN TINKER
IRS990/Form990PartVIISectionAGrp/PersonNm1DIANE S SWIFT
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID BRENNER
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIAN F HOFLAND
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IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER & ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RESEARCH TO PREVENT BLINDNESS INC
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0HARVEST MLP INCOME FUND II
IRS990ScheduleD/OtherSecuritiesGrp/Desc12022 WILSHIRE PRIVATE EQUITY ANNUAL FUND SERIES LP
IRS990ScheduleD/OtherSecuritiesGrp/Desc2GQG PARTNERS EMERGING MARKETS EQUITY FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TEMPORARY AND PERMANENTLY RESTRICTED FUNDS OF RPBEF ARE USED TO SUPPORT THE MISSION OF THE ORGANIZATION, I.E., TO FOSTER MEDICAL AND SCIENTIFIC RESEARCH IN THE FIELD OF OPHTHALMOLOGY. THIS MISSION IS SPECIFICALLY ACCOMPLISHED BY GRANTS TO QUALIFIED INSTITUTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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