Civic Intelligence

Ophthalmology Research Foundation Inc.

990 • Fiscal year 2019 • EIN 23-7081974

Aug 01, 2018 to Jul 31, 2019 • Filed on Jan 08, 2020

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

46th percentile

0.23x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

4.42x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

91st percentile

45%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$1,043,221

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 26.8% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

33rd percentile

0.9%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-41%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$75,072,078

Up $647,378 (+0.9%) from 2018

Net Assets

Up

$57,907,904

Up $1,124,575 (+2.0%) from 2018

Liabilities

Down

$17,164,174

Down $477,197 (-2.7%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin91st percentile

Revenue

Down

$3,886,530

Down $2,700,527 (-41%) from 2018

Expenses

Up

$2,137,232

Up $100,874 (+5.0%) from 2018

Net Income

Down

$1,749,298

Down $2,801,401 (-62%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

2019

Assets$75,072,078
Liabilities$17,164,174
Net Assets$57,907,904
Open 2019 Filing

Operations Trend

Revenue Growth6th percentile

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

2019

Revenue$3,886,530
Expenses$2,137,232
Net Income$1,749,298
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jan 8, 2020
Return Version
2018v3.1
Gross Receipts
$17,043,867
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$37,951,097$37,042,297▼ $908,800
Investments in Publicly Traded Securities$33,000,949$36,355,909▲ $3,354,960
Savings and Temporary Cash Investments$2,983,233$1,342,851▼ $1,640,382
Pledges and Grants Receivable$369,070$328,440▼ $40,630
Cash and Non-Interest-Bearing Accounts-$6-
Total Assets$74,424,700$75,072,078▲ $647,378
Other Assets Total$120,351$2,575▼ $117,776
Liabilities
Other Liabilities$17,278,527$17,164,174▼ $114,353
Accounts Payable and Accrued Expenses$362,844--
Total Liabilities$17,641,371$17,164,174▼ $477,197
Net Assets / Fund Balance
Unrestricted Net Assets$56,783,329$57,907,904▲ $1,124,575
Total Net Assets Fund Balance$56,783,329$57,907,904▲ $1,124,575
Total Liabilities and Net Assets / Fund Balance$74,424,700$75,072,078▲ $647,378

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,853,972-$35,853,972
Land$9,601,780-$9,601,780
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleOtherTotal
David Tse MdMember-at-la$409,894$409,894
Steven J GeddeMember-at-la$386,625$386,625
Carol Karp MdMember-at-la$271,847$271,847

Board Members and Trustees

NameTitle
Eduardo Alfonso MdPresident
John G Clarkson MdExecutive Di
Carol Karp MdMember-at-large
David Tse MdMember-at-large
Steven J GeddeMember-at-large
Richard Parrish Ii MdSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,297,720
Program Service Revenue
$1,422,112
Investment Income
$1,166,698
Other Revenue
$0
All Other Contributions
$1,297,720
Change in Net Assets
$1,749,298

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,886,530
Revenue Not Reported on Form 990
$-624,723
Total Revenue per Audited Statements
$3,261,807
Total Revenue per Form 990
$3,886,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,974,223
Grants and Similar Amounts Paid$133,259
Salaries, Compensation, and Employee Benefits$29,750
Total Fundraising Expense$3,288
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$908,800--$908,800
Interest$770,748--$770,748
Grants to Domestic Orgs$133,259--$133,259
Fees for Service Investment Mgmnt Fees-$92,844-$92,844
Occupancy$35,968$938-$36,906
Other Salaries and Wages$20,825$5,950$2,975$29,750
Fees for Services Legal$25,061--$25,061
Fees for Services Accounting-$23,300-$23,300
Insurance$6,339$1,585-$7,924
Office Expenses-$692-$692
Other Expenses$419$120$60$599
Total Functional Expenses$2,006,154$127,790$3,288$2,137,232

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,137,232
Total Expenses per Audited Statements$2,137,232
Total Expenses per Form 990$2,137,232
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
----$133,259
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$12,488,628
Note Payable - Bank$4,675,546
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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
Executive Director
Phone
3053266190
Signed
2020-01-08

Organization Details

Principal Officer
John G Clarkson Md
Formed
1970
Voting Board Members
6
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/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN G CLARKSON MD
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,072,078
Liabilities
$17,164,174
Net assets
$57,907,904
Revenue
$3,886,530
Expenses
$2,137,232
Net income
$1,749,298
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