Civic Intelligence

Ophthalmology Research Foundation Inc.

990 • Fiscal year 2016 • EIN 23-7081974

Aug 01, 2015 to Jul 31, 2016 • Filed on Jan 17, 2017

Organization ProfileN/A
PO Box 015869Miami, FL 33101

(305) 326-6190

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.23x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

3.37x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

97th percentile

71%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

87th percentile

$928,665

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$66,531,522

Up $26,667,734 (+67%) from 2012

Net Assets

Up

$51,181,522

Up $11,685,284 (+30%) from 2012

Liabilities

Up

$15,350,000

Up $14,982,450 (+4076%) from 2012

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin97th percentile

Revenue

$4,555,956

No earlier filing loaded for comparison.

Expenses

Down

$1,324,016

Down $66,957 (-4.8%) from 2012

Net Income

$3,231,940

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $39,913,838Liabilities 2011: $367,550Net Assets 2011: $39,546,2882011Assets 2012: $39,863,788Liabilities 2012: $367,550Net Assets 2012: $39,496,2382012Assets 2016: $66,531,522Liabilities 2016: $15,350,000Net Assets 2016: $51,181,5222016Assets 2017: $71,728,118Liabilities 2017: $17,990,379Net Assets 2017: $53,737,7392017Assets 2018: $74,424,700Liabilities 2018: $17,641,371Net Assets 2018: $56,783,3292018Assets 2019: $75,072,078Liabilities 2019: $17,164,174Net Assets 2019: $57,907,9042019Assets 2020: $75,545,840Liabilities 2020: $14,529,458Net Assets 2020: $61,016,3822020Assets 2021: $81,874,208Liabilities 2021: $11,406,174Net Assets 2021: $70,468,0342021Assets 2022: $78,932,137Liabilities 2022: $11,235,502Net Assets 2022: $67,696,6352022Assets 2023: $75,827,274Liabilities 2023: $7,567,623Net Assets 2023: $68,259,6512023Assets 2024: $78,779,926Liabilities 2024: $4,802,977Net Assets 2024: $73,976,9492024

Highlighted filing

2016

Assets$66,531,522
Liabilities$15,350,000
Net Assets$51,181,522
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $1,469,2892011Expenses 2012: $1,390,9732012Revenue 2016: $4,555,956Expenses 2016: $1,324,016Net Income 2016: $3,231,9402016Revenue 2017: $4,102,375Expenses 2017: $3,054,226Net Income 2017: $1,048,1492017Revenue 2018: $6,587,057Expenses 2018: $2,036,358Net Income 2018: $4,550,6992018Revenue 2019: $3,886,530Expenses 2019: $2,137,232Net Income 2019: $1,749,2982019Revenue 2020: $3,540,077Expenses 2020: $1,940,859Net Income 2020: $1,599,2182020Revenue 2021: $5,892,535Expenses 2021: $1,631,377Net Income 2021: $4,261,1582021Revenue 2022: $9,352,354Expenses 2022: $4,415,218Net Income 2022: $4,937,1362022Revenue 2023: $3,013,509Expenses 2023: $4,480,481Net Income 2023: -$1,466,9722023Revenue 2024: $4,118,926Expenses 2024: $1,761,655Net Income 2024: $2,357,2712024

Highlighted filing

2016

Revenue$4,555,956
Expenses$1,324,016
Net Income$3,231,940
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$9,670,578
Mission and Program Overview

Mission

The organization's purpose is to provide financial support for the department of ophthalmology of the university of miami school of medicine

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,761,019$37,662,861▼ $98,158
Investments in Publicly Traded Securities$20,955,258$21,532,357▲ $577,099
Savings and Temporary Cash Investments$3,533,557$5,835,209▲ $2,301,652
Pledges and Grants Receivable$1,183,562$1,006,090▼ $177,472
Cash and Non-Interest-Bearing Accounts-$-2-
Total Assets$63,481,590$66,531,522▲ $3,049,932
Other Assets Total$48,194$495,007▲ $446,813
Liabilities
Other Liabilities$13,250,000$15,350,000▲ $2,100,000
Accounts Payable and Accrued Expenses$2,007,583--
Total Liabilities$15,257,583$15,350,000▲ $92,417
Net Assets / Fund Balance
Unrestricted Net Assets$43,774,879$45,010,908▲ $1,236,029
Temporarily Rstr Net Assets$3,449,128$5,170,614▲ $1,721,486
Permanently Rstr Net Assets$1,000,000$1,000,000→ $0
Total Net Assets Fund Balance$48,224,007$51,181,522▲ $2,957,515
Total Liabilities and Net Assets / Fund Balance$63,481,590$66,531,522▲ $3,049,932

Asset Categories

AssetBook ValueDepreciationBasis
Land$9,601,780-$9,601,780
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Eduardo Alfonso MdSecretary/tr$928,665$928,665
Richard Parrish Ii MdVice Preside$556,878$556,878
Michael GittelmanExecutive Di$449,879$449,879
Steven J GeddeVice Preside$375,567$375,567

Board Members and Trustees

NameTitle
John G Clarkson MdPresident
Richard Parrish Ii MdVice President
Steven J GeddeVice President
Michael GittelmanExecutive Director
Eduardo Alfonso MdSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,751,096
Program Service Revenue
$1,062,317
Investment Income
$742,543
Other Revenue
$0
All Other Contributions
$2,751,096
Change in Net Assets
$3,231,940

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,555,956
Revenue Not Reported on Form 990
$-274,425
Total Revenue per Audited Statements
$4,281,531
Total Revenue per Form 990
$4,555,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,144,266
Grants and Similar Amounts Paid$150,000
Salaries, Compensation, and Employee Benefits$29,750
Total Fundraising Expense$8,537
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$855,295--$855,295
Grants to Domestic Orgs$150,000--$150,000
Fees for Service Investment Mgmnt Fees-$56,050-$56,050
Other Salaries and Wages$20,825$5,950$2,975$29,750
Occupancy$26,515$1,819-$28,334
Fees for Services Accounting-$18,850-$18,850
Insurance$7,887$1,973-$9,860
Fees for Services Legal$9,463--$9,463
Other Expenses$3,317$224$829$4,370
All Other Expenses--$4,000$4,000
Office Expenses-$1,159-$1,159
Total Functional Expenses$1,227,427$88,052$8,537$1,324,016

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,324,016
Total Expenses per Audited Statements$1,324,016
Total Expenses per Form 990$1,324,016
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
----$150,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Secured Mortgages and Notes Payable$15,350,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Ophthalmology Research Foundation
EIN
23-7081974
Phone
3053266190
Address
PO BOX 015869, MIAMI, FL 33101

Signing Officer

Name
John G Clarkson Md
Title
President
Phone
3053266190
Signed
2017-01-17

Organization Details

Principal Officer
John G Clarkson Md
Formed
1970
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Sanson Kline Jacomino Tandoc & Gamarra
Address
5805 BLUE LAGOON DR STE 220, MIAMI, FL 33126
Preparer
Alfredo a Jacomino
Phone
3052698633
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN G CLARKSON MD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03053266190
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPHTHALMOLOGY RESEARCH FOUNDATION
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ReturnHeader/PreparerPersonGrp/PhoneNum03052698633
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALFREDO A JACOMINO
ReturnHeader/ReturnTs02017-04-24T15:10:13+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,531,522
Liabilities
$15,350,000
Net assets
$51,181,522
Revenue
$4,555,956
Expenses
$1,324,016
Net income
$3,231,940
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$78.8$4.80$74.0$4.12$1.76$2.36
2023Detailed filing. Detailed filing data is available for this year.$75.8$7.57$68.3$3.01$4.48$1.47
2022Detailed filing. Detailed filing data is available for this year.$78.9$11.2$67.7$9.35$4.42$4.94
2021Detailed filing. Detailed filing data is available for this year.$81.9$11.4$70.5$5.89$1.63$4.26
2020Detailed filing. Detailed filing data is available for this year.$75.5$14.5$61.0$3.54$1.94$1.60
2019Detailed filing. Detailed filing data is available for this year.$75.1$17.2$57.9$3.89$2.14$1.75
2018Detailed filing. Detailed filing data is available for this year.$74.4$17.6$56.8$6.59$2.04$4.55
2017Detailed filing. Detailed filing data is available for this year.$71.7$18.0$53.7$4.10$3.05$1.05
2016Detailed filing. Detailed filing data is available for this year.$66.5$15.4$51.2$4.56$1.32$3.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.9$0.37$39.5$1.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.9$0.37$39.5$1.47