Civic Intelligence

The Foundation Fighting Blindness Inc

990 • Fiscal year 2017 • EIN 23-7135845

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 06, 2017

Organization ProfileWWW.FIGHTBLINDNESS.ORG

View Organization Page

7168 Columbia Gateway Drive No 100Columbia, MD 21046

(410) 423-0600

Siviq Scores

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

Liabilities / Assets

24th percentile

0.11x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.66x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

10th percentile

-17%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

36th percentile

$364,156

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

13th percentile

-2.8%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-66%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$154,220,569

Down $4,462,814 (-2.8%) from 2016

Net Assets

Down

$137,925,708

Down $5,577,052 (-3.9%) from 2016

Liabilities

Up

$16,294,861

Up $1,114,238 (+7.3%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin10th percentile

Revenue

Down

$24,590,184

Down $47,304,261 (-66%) from 2016

Expenses

Up

$28,675,325

Up $108,410 (+0.4%) from 2016

Net Income

Down

-$4,085,141

Down $47,412,671 (-109%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$200M$150M$100M$50M$0Assets 2011: $46,755,869Liabilities 2011: $13,346,028Net Assets 2011: $33,409,8412011Assets 2012: $60,105,388Liabilities 2012: $17,120,795Net Assets 2012: $42,984,5932012Assets 2013: $73,618,451Liabilities 2013: $15,872,986Net Assets 2013: $57,745,4652013Assets 2014: $82,788,523Liabilities 2014: $12,524,827Net Assets 2014: $70,263,6962014Assets 2015: $111,781,122Liabilities 2015: $11,120,038Net Assets 2015: $100,661,0842015Assets 2016: $158,683,383Liabilities 2016: $15,180,623Net Assets 2016: $143,502,7602016Assets 2017: $154,220,569Liabilities 2017: $16,294,861Net Assets 2017: $137,925,7082017Assets 2018: $137,901,875Liabilities 2018: $10,783,026Net Assets 2018: $127,118,8492018Assets 2019: $166,093,298Liabilities 2019: $16,767,804Net Assets 2019: $149,325,4942019Assets 2020: $159,573,247Liabilities 2020: $14,014,074Net Assets 2020: $145,559,1732020Assets 2021: $155,616,058Liabilities 2021: $21,019,889Net Assets 2021: $134,596,1692021Assets 2022: $145,877,854Liabilities 2022: $24,415,527Net Assets 2022: $121,462,3272022Assets 2023: $130,891,355Liabilities 2023: $30,670,536Net Assets 2023: $100,220,8192023Assets 2024: $124,009,134Liabilities 2024: $31,398,627Net Assets 2024: $92,610,5072024Assets 2025: $110,885,645Liabilities 2025: $27,016,811Net Assets 2025: $83,868,8342025

Highlighted filing

2017

Assets$154,220,569
Liabilities$16,294,861
Net Assets$137,925,708
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$100M$50M$0-$50MExpenses 2011: $25,992,4722011Expenses 2012: $29,725,3622012Expenses 2013: $25,953,5762013Revenue 2014: $38,346,263Expenses 2014: $25,828,393Net Income 2014: $12,517,8702014Revenue 2015: $56,426,497Expenses 2015: $27,822,077Net Income 2015: $28,604,4202015Revenue 2016: $71,894,445Expenses 2016: $28,566,915Net Income 2016: $43,327,5302016Revenue 2017: $24,590,184Expenses 2017: $28,675,325Net Income 2017: -$4,085,1412017Revenue 2018: $24,964,671Expenses 2018: $33,997,453Net Income 2018: -$9,032,7822018Revenue 2019: $53,369,210Expenses 2019: $33,924,028Net Income 2019: $19,445,1822019Revenue 2020: $35,372,887Expenses 2020: $41,134,475Net Income 2020: -$5,761,5882020Revenue 2021: $29,791,479Expenses 2021: $40,728,225Net Income 2021: -$10,936,7462021Revenue 2022: $42,887,836Expenses 2022: $49,175,609Net Income 2022: -$6,287,7732022Revenue 2023: $30,437,892Expenses 2023: $51,265,440Net Income 2023: -$20,827,5482023Revenue 2024: $35,702,558Expenses 2024: $48,226,411Net Income 2024: -$12,523,8532024Revenue 2025: $36,615,169Expenses 2025: $49,532,382Net Income 2025: -$12,917,2132025

Highlighted filing

2017

Revenue$24,590,184
Expenses$28,675,325
Net Income-$4,085,141
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$67,920,375
Mission and Program Overview

Mission

The mission of the foundation fighting blindness, inc. (foundation) is to drive the research that will provide preventions, treatments and cures, for people affected by retinitis pigmentosa, macular degeneration, usher syndrome, and the spectrum of retinal degenerative diseases.

Ffb funds research to discover causes and cures for retinal diseases leading to blindness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$88,241,116$100,863,588▲ $12,622,472
Pledges and Grants Receivable$52,027,864$35,451,197▼ $16,576,667
Investments Other Securities$6,689,509$6,740,654▲ $51,145
Cash and Non-Interest-Bearing Accounts$7,866,370$5,745,318▼ $2,121,052
Accounts Receivable$973,081$2,672,556▲ $1,699,475
Land, Buildings, and Equipment, Net$1,630,411$1,558,178▼ $72,233
Prepaid Expenses and Deferred Charges$864,166$695,130▼ $169,036
Savings and Temporary Cash Investments$58,062$59,090▲ $1,028
Total Assets$158,683,383$154,220,569▼ $4,462,814
Other Assets Total$332,804$434,858▲ $102,054
Liabilities
Grants Payable$9,080,648$10,446,066▲ $1,365,418
Accounts Payable and Accrued Expenses$3,334,625$3,349,297▲ $14,672
Other Liabilities$1,619,541$1,673,278▲ $53,737
Deferred Revenue$1,145,809$826,220▼ $319,589
Total Liabilities$15,180,623$16,294,861▲ $1,114,238
Net Assets / Fund Balance
Temporarily Rstr Net Assets$118,432,676$110,938,517▼ $7,494,159
Unrestricted Net Assets$21,880,084$23,730,443▲ $1,850,359
Permanently Rstr Net Assets$3,190,000$3,256,748▲ $66,748
Total Net Assets Fund Balance$143,502,760$137,925,708▼ $5,577,052
Total Liabilities and Net Assets / Fund Balance$158,683,383$154,220,569▼ $4,462,814

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$986,919$2,590,511$3,577,430
Leasehold Improvements$248,658$1,156,449$1,405,107
Equipment$322,601$545,097$867,698

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$3,190,000$66,748▲ $17,173$0$3,256,748
2015$500,000$2,690,000▲ $23,270-$3,190,000
2014$500,000-▲ $30,311-$500,000
2013$500,000-▲ $21,205-$500,000
2012$500,000-▲ $14,507-$500,000
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William T SchmidtChief Executive OfficerFT$354,215$9,941$364,156
Valerie Navy-danielsChief Development OfficerFT$259,338$29,685$289,023
Stephen M Rose PhdChief Research OfficerFT$225,486$28,957$254,443
Hope KesslerSr. Director, Major GiftsFT$236,066$17,599$253,665
Lorraine Hirsch CPAChief Finan. Officer - Until 03/2017FT$178,942$21,271$200,213
Brian Mansfield PhdDeputy Chief Research OfficerFT$162,710$26,897$189,607
Patricia a DudleyChief Human Resource OfficerFT$146,480$25,760$172,240
Rhea FarbermanDeputy Chief, DevelopmentFT$154,126$12,815$166,941
Michele MercerSr. Director DatabaseFT$110,161$18,695$128,856
Annette Hinkle CPAChief Strategy Officer/CFOPT$101,465$3,040$104,505

Board Members and Trustees

NameTitle
David BrintChairman
Gordon GundDirector - Chairman Emeritus
Edward H GollobBod President Emeritus
Edward RussnowVice Chairman
Joel DavisVice Chairman
Jonathan Steinberg MdVice Chairman
Warren ThalerVice Chairman
Jeremiah H ShawVice Chairman (until 07/2016)
Bradford ManningDirector
Edward BabinDirector
Evan MittmanDirector
Janni Lehrer-steinDirector
Jason FerreiraDirector
Karen PetrouDirector
Marilyn GreenDirector
Maryrose SylvesterDirector
Robert HeidenbergDirector
Steve AlperDirector
William CartyDirector
Moira SheaDirector (until 07/2016)
Sherri KroonenbergDirector (until 09/2016)
Bruce SawyerDirector (until 12/2016)
Patricia Zilliox PhdChief Drug Development Officer
Yvonne ChesterSecretary
Haynes LeaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Catalyst Creativity INCFundraising Counsel150 LAS VEGAS BLVD N STE 2213, Las Vegas, NV 89101$517,013
Marriott Baltimore WaterfrontEvent Facility700 ALICEANNA STREET, Baltimore, MD 21202$327,316
Aab Productions INCEvent Facilitator387 GRAND STREET K705, New York, NY 10002$307,479
International Creative MgmtEnterntainment For Event10250 CONSTELLATION BLVD, Los Angeles, CA 90067$264,400
BlackbaudOnline Fundraising FeesPO BOX 930256, Atlanta, GA 31193$226,348
Revenue and Support

Revenue Composition

Contributions and Grants
$22,746,532
Program Service Revenue
$136,003
Investment Income
$2,186,159
Other Revenue
$-478,510
All Other Contributions
$14,473,852
Change in Net Assets
$-4,085,141

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded45$9,524,104Fair Market Value
Other Non Cash Contri Table1$452,356Fair Market Value
Other Non Cash Contri Table1$55,000Fair Market Value
Other Non Cash Contri Table1$37,940Fair Market Value
Total Noncash Contributions48$10,069,400-

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,156,831
Revenue Not Reported on Financial Statements
$5,433,353
Revenue Not Reported on Form 990
$4,105,855
Other Revenue Adjustments
$5,433,353
Total Revenue per Audited Statements
$23,262,686
Total Revenue per Form 990
$24,590,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$15,462,635
Total Fundraising Expense$7,222,864
Salaries, Compensation, and Employee Benefits$6,755,632
Other Expenses$5,863,405
Professional Fundraising Fees$593,653

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,012,583--$13,012,583
Other Salaries and Wages$1,195,016$541,389$2,434,690$4,171,095
Foreign Grants$2,450,052--$2,450,052
Current Officers, Directors, Trustees, and Key Employees$560,680$538,224$531,702$1,630,606
Office Expenses$189,905$393,292$806,465$1,389,662
Other Expenses$118,632$18,734$805,392$942,758
Fees for Services Other$361,081$230,678$336,598$928,357
Occupancy$87,836$136,401$457,432$681,669
Fees for Services Professional Fundraising--$593,653$593,653
Other Employee Benefits$128,189$88,876$287,542$504,607
Conferences and Meetings$224,555$119,011$77,141$420,707
Payroll Taxes$113,624$67,609$206,423$387,656
Travel$98,726$28,019$230,235$356,980
Depreciation Depletion$182,656$16,633$104,298$303,587
Fees for Service Investment Mgmnt Fees-$272,213$15,972$288,185
Information Technology$23,534$66,957$190,464$280,955
Insurance$49,537$28,793$92,837$171,167
Fees for Services Accounting-$74,050$3,798$77,848
Pension Plan Contributions$27,233$7,743$26,692$61,668
Fees for Services Legal--$21,530$21,530
Total Functional Expenses$18,823,839$2,628,622$7,222,864$28,675,325

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$28,675,325
Total Expenses per Audited Statements$28,171,194
Expenses per Audited Statements$23,155,980
Expenses Not Reported on Financial Statements$5,519,345
Other Expense Adjustments$5,519,345
Expenses Not Reported on Form 990$5,015,214
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation Fighting Blindness Clinical Research InstituteColumbia, MD501(c)(3)Research$5,333,359
University HospitalsDetroit, MI501(c)(3)Research$800,624
Massachusetts Eye and Ear InfirmaryBoston, MA501(c)(3)Research$500,000
University of PennsylvaniaPhiladelphia, PA501(c)(3)Research$500,000
University California San FranciscoLos Angeles, CA501(c)(3)Research$498,215
University of PennsylvaniaPhiladelphia, PA501(c)(3)Research$400,000
The Cleveland Clinic FoundationCleveland, OH501(c)(3)Research$336,371
Louisiana State UniversityNew Orleans, LA501(c)(3)Research$282,790
University of WisconsinMadison, WI501(c)(3)Research$227,535
Massachusetts Eye and Ear InfirmaryBoston, MA501(c)(3)Research$211,336
University of California BerkeleyBerkeley, CA501(c)(3)Research$206,718
Johns Hopkins UniversityBaltimore, MD501(c)(3)Research$200,000
Retina Foundation of the SouthwestDallas, TX501(c)(3)Research$197,100
Johns Hopkins UniversityBaltimore, MD501(c)(3)Research$190,000
Massachusetts Eye and Ear InfirmaryBoston, MA501(c)(3)Research$170,000
Oregon Health and Science UniversityPortland, OR501(c)(3)Research$168,106
Johns Hopkins UniversityBaltimore, MD501(c)(3)Research$150,000
University of WisconsinMadison, WI501(c)(3)Research$150,000
University of PennsylvaniaPhiladelphia, PA501(c)(3)Research$140,000
University of California BerkeleyBerkeley, CA501(c)(3)Research$126,814
Augusta University Research InstituteAugusta, GA501(c)(3)Research$100,000
Duke University Medical CenterDurham, NC501(c)(3)Research$100,000
Florida State UniversityTallahassee, FL501(c)(3)Research$100,000
Massachusetts Eye and Ear InfirmaryBoston, MA501(c)(3)Research$100,000
Regents Univ of CaliforniaLos Angeles, CA501(c)(3)Research$100,000
Shiley Eye CenterLa Jolla, CA501(c)(3)Research$100,000
Stanford University School of MedicineStanford, CA501(c)(3)Research$100,000
The Jackson LaboratoryBar Harbor, ME501(c)(3)Research$100,000
University of MiamiMiami, FL501(c)(3)Research$100,000
Duke University Medical CenterDurham, NC501(c)(3)Research$99,999
University of MichiganAnn Arbor, MI501(c)(3)Research$99,973
University of RochesterRochester, NY501(c)(3)Research$99,777
University of WashingtonSeattle, WA501(c)(3)Research$98,617
Michigan StateEast Lansing, MI501(c)(3)Research$97,385
University of Texas Health ScienceHouston, TX501(c)(3)Research$95,066
Research Foundation of SunyAmherst, NY501(c)(3)Research$90,020
Oregon Health and Science UniversityPortland, OR501(c)(3)Research$75,000
Univ of N TX Health and Science CentereFort Worth, TX501(c)(3)Research$75,000
University of PennsylvaniaPhiladelphia, PA501(c)(3)Research$70,000
University of Oklahoma Health SciencesOklahoma City, OK501(c)(3)Research$63,750
University of HoustonHouston, TX501(c)(3)Research$56,462
Columbia UniversityNew York, NY501(c)(3)Research$50,000
University of FloridaGainesville, FL501(c)(3)Research$50,000
Harvard UniversityHarvard, MA501(c)(3)Research$43,000
Buck Institute on AgingNovato, CA501(c)(3)Research$40,000
Case Western Reserve UniversityCleveland, OH501(c)(3)Research$35,000
University of TennesseeMemphis, TN501(c)(3)Research$31,875
University of PennsylvaniaPhiladelphia, PA501(c)(3)Research$26,350
Johns Hopkins UniversityBaltimore, MD501(c)(3)Research$26,341

International Summary

Offices
0
Employees
0
Spending
$2,450,052

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Grantmaking-00$2,225,052
North AmericaGrantmaking-00$150,000
East Asia and the PacificGrantmaking-00$75,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,136,157
Professional Fundraising Fees$593,653
Fundraising Gross Income$519,880
Gaming Gross Income$36,545
Gaming Direct Expenses$32,161

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner - Ny Fashion$427,318$93,750$15,180$78,570
Dinner - Chicago Vision Ball$1,064,219$79,648$14,957$64,691
Total Events$8,643,809$519,880$1,136,157$-616,277
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Obligation$931,790
Charitable Gift Annuity Obligation$736,676
Pooled Income Fund Obligation$4,812
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Edward russnow, vice chairman, has a family relationship with edward h. Gollob, bod president emeritus.”

Form 990, Part VI, Section A, Line 6

“Members of ffb are known as national trustees. The qualifications and eligibility for membership and the manner of admission into membership is prescribed by resolution of the board of directors. The national trustees are entitled to vote on election of directors.”

Form 990, Part VI, Section A, Line 7A

“During the annual meeting of the national trustees, members of the board of directors are elected.”

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

“Data to prepare the federal form 990 is provided to our outside accounting firm for preparation and guidance. After it has been completed, a draft of the federal form 990 is reviewed by the chief financial officer. With the cfo's approval the draft federal form 990 is then made available to all board members. All board members are invited to attend a special meeting of the finance committee to review the federal form 990. A final draft is made available to all board members before filing.”

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

“Conflict of interest policy forms are obtained upon board election and hiring. New forms are obtained at the beginning of every fiscal year. Senior management and board members are aware that conflict of interests must be documented and disclosed to the board of directors. Finance staff review activity throughout the year for proper disclosure.”

Form 990, Part VI, Section B, Line 15

“The compensation committee and the board of directors approves the compensation of the chief executive officer. The compensation committee approves the compensation of the other chief officers. On a routine basis, external data provided by outside expert compensation consultants is used to measure reasonableness of salaries to the market place and results are communicated by outside consultants to the board chair/compensation committee.”

Form 990, Part VI, Section C, Line 19

“Ffb's federal form 990 and consolidated audited financial statements are available at www.fightblindness.org. Other public governing documents including the conflict of interest policy are available upon request through the contact information disclosed on ffb's web site.”

FORM 990, PART VII, SECTION A:

“Ffb acts as the common paymaster for the foundation fighting blindness clinical research institute, a related organization.”

Filing and Contact Details

Filer

Filer Name
The Foundation Fighting Blindness Inc
EIN
23-7135845
Phone
4104230600
Address
7168 COLUMBIA GATEWAY DRIVE NO 100, COLUMBIA, MD 21046

Signing Officer

Name
Annette Hinkle CPA
Title
Chief Strategy Officer/CFO
Phone
4104230600
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annette Hinkle CPA
Formed
1971
Legal Domicile
Md
Voting Board Members
20
Independent Board Members
20
Employees
87
Volunteers
2,500

Preparer

Firm
Raffa Pc
Address
1899 L STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2028225000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Grant refunds from domestic organizations 85,990.”

Financial Statement Notes

PART V, LINE 4:

“Earnings can be used for operations; principal is permanently restricted.”

PART X, LINE 2:

“Ffb performed an evaluation of its uncertainty in income tax for the years ended june 30, 2017 and 2016, and determined that there were no matters that would require recognition in the consolidated financial statements or that may have any effect on its tax-exempt status.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Subsidiary revenue included in consolidated financial statements 5,468,782.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Intercompany grants and management fee 5,433,353.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Subsidiary expenses included in consolidated financial statements 4,800,240.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Intercompany grants and management fee 5,433,353. Grant refunds from domestic organization 85,992.”

Raw XML AppendixShowing 400 of 1,779 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.

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IRS990/Desc0RESEARCH - THE FOUNDATION FIGHTING BLINDNESS, INC. (FFB) FUNDED RESEARCHERS ARE ACHIEVING REMARKABLE SUCCESS IN DISCOVERING, TESTING AND DELIVERING TO PATIENTS A WIDE RANGE OF PROMISING THERAPIES TO PREVENT, STOP THE PROGRESSION OF, AND CURE BLINDNESS DUE TO RETINAL DEGENERATIVE DISEASES. FFB AND ITS SUBSIDIARY, THE FFB CLINICAL RESEARCH INSTITUTE, FUND CRITICAL TRANSLATIONAL RESEARCH OF GENE, STEM CELL AND PHARMACEUTICAL THERAPIES THAT HAVE SIGNIFICANTLY RESTORED VISION IN PATIENTS DURING CLINICAL TRIALS. ONE SUCH THERAPY IS CURRENTLY UNDER REVIEW FOR APPROVAL BY THE U.S. FOOD AND ADMINISTRATION.(CONTINUED ON PAGE 53)FFB HAS SET ASIDE $47.5 MILLION FOR ACTIVE RESEARCH PROJECTS THAT HAVE FUTURE RESEARCH MILESTONES AND HAS SET ASIDE $73 MILLION FOR NEW INNOVATIVE OPPORTUNITIES TO BE AWARDED IN THE NEAR FUTURE. THIS GIVES FFB THE FLEXIBILITY AND OPPORTUNITY TO INVEST IN UPCOMING LARGE-SCALE STUDIES AND CLINICAL TRIALS WHEN THEY BECOME AVAILABLE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHIEF DRUG DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHIEF RESEARCH OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHIEF STRATEGY OFFICER/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF HUMAN RESOURCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHIEF FINAN. OFFICER - UNTIL 03/2017
IRS990/Form990PartVIISectionAGrp/TitleTxt30CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt31DEPUTY CHIEF, DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt32SR. DIRECTOR, MAJOR GIFTS
IRS990/Form990PartVIISectionAGrp/TitleTxt33DEPUTY CHIEF RESEARCH OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt34SR. DIRECTOR DATABASE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01971
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$154,220,569
Liabilities
$16,294,861
Net assets
$137,925,708
Revenue
$24,590,184
Expenses
$28,675,325
Net income
-$4,085,141
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$111$27.0$83.9$36.6$49.5$12.9
2024Detailed filing. Detailed filing data is available for this year.$124$31.4$92.6$35.7$48.2$12.5
2023Detailed filing. Detailed filing data is available for this year.$131$30.7$100$30.4$51.3$20.8
2022Detailed filing. Detailed filing data is available for this year.$146$24.4$121$42.9$49.2$6.29
2021Detailed filing. Detailed filing data is available for this year.$156$21.0$135$29.8$40.7$10.9
2020Detailed filing. Detailed filing data is available for this year.$160$14.0$146$35.4$41.1$5.76
2019Detailed filing. Detailed filing data is available for this year.$166$16.8$149$53.4$33.9$19.4
2018Detailed filing. Detailed filing data is available for this year.$138$10.8$127$25.0$34.0$9.03
2017Detailed filing. Detailed filing data is available for this year.$154$16.3$138$24.6$28.7$4.09
2016Detailed filing. Detailed filing data is available for this year.$159$15.2$144$71.9$28.6$43.3
2015Detailed filing. Detailed filing data is available for this year.$112$11.1$101$56.4$27.8$28.6
2014Detailed filing. Detailed filing data is available for this year.$82.8$12.5$70.3$38.3$25.8$12.5
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.6$15.9$57.7$26.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.1$17.1$43.0$29.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$13.3$33.4$26.0