Civic Intelligence

Cure Glaucoma Foundation

990 • Fiscal year 2021 • EIN 81-1231641

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 27, 2022

10740 N Central Expressway 300Dallas, TX 75231

(214) 765-9716

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

54th percentile

12%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$66,523

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 30.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

56th percentile

10%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

-6.5%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$275,099

Up $25,460 (+10%) from 2020

Net Assets

Up

$275,038

Up $25,399 (+10%) from 2020

Liabilities

Up

$61

Up $61 from 2020

Revenue

Down

$219,177

Down $15,278 (-6.5%) from 2020

Expenses

Up

$193,778

Up $76,143 (+65%) from 2020

Net Income

Down

$25,399

Down $91,421 (-78%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $70,172Net Assets 2016: $70,1722016Assets 2017: $152,360Liabilities 2017: $8,620Net Assets 2017: $143,7402017Assets 2018: $206,630Liabilities 2018: $0Net Assets 2018: $206,6302018Assets 2019: $129,562Liabilities 2019: $0Net Assets 2019: $129,5622019Assets 2020: $249,639Liabilities 2020: $0Net Assets 2020: $249,6392020Assets 2021: $275,099Liabilities 2021: $61Net Assets 2021: $275,0382021Assets 2022: $184,928Liabilities 2022: $61Net Assets 2022: $184,8672022Assets 2023: $132,060Liabilities 2023: $62Net Assets 2023: $131,9982023Assets 2024: $165,083Liabilities 2024: $61Net Assets 2024: $165,0222024

Highlighted filing

2021

Assets$275,099
Liabilities$61
Net Assets$275,038

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $131,010Expenses 2016: $61,038Net Income 2016: $69,9722016Revenue 2017: $179,112Expenses 2017: $105,544Net Income 2017: $73,5682017Revenue 2018: $616,271Expenses 2018: $553,381Net Income 2018: $62,8902018Revenue 2019: $1,091,783Expenses 2019: $1,177,019Net Income 2019: -$85,2362019Revenue 2020: $234,455Expenses 2020: $117,635Net Income 2020: $116,8202020Revenue 2021: $219,177Expenses 2021: $193,778Net Income 2021: $25,3992021Revenue 2022: $794,009Expenses 2022: $884,180Net Income 2022: -$90,1712022Revenue 2023: $484,375Expenses 2023: $543,318Net Income 2023: -$58,9432023Revenue 2024: $267,724Expenses 2024: $234,701Net Income 2024: $33,0232024

Highlighted filing

2021

Revenue$219,177
Expenses$193,778
Net Income$25,399
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 27, 2022
Return Version
2021v4.0
Gross Receipts
$219,177
Mission and Program Overview

Mission

The mission of Cure Glaucoma Foundation (CGF) is to improve glaucoma care by funding transformational research, disseminating knowledge and expanding treatment availability through global outreach efforts.

The mission of Cure Glaucoma is to improve glaucoma by funding transformational research, disseminating knowledge and expanding treatment availability through global outreach efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$220,362$267,746▲ $47,384
Land, Buildings, and Equipment, Net$6,208$5,229▼ $979
Accounts Receivable$5,000$0▼ $5,000
Prepaid Expenses and Deferred Charges$1,148$2,124▲ $976
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$249,639$275,099▲ $25,460
Other Assets Total$16,921$0▼ $16,921
Liabilities
Accounts Payable and Accrued Expenses-$61-
Total Liabilities$0$61▲ $61
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$249,639$275,038▲ $25,399
Total Net Assets Fund Balance$249,639$275,038▲ $25,399
Total Liabilities and Net Assets / Fund Balance$249,639$275,099▲ $25,460

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,229$2,241$7,470
Equipment-$698$698
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike KettlesExecutive DirectorFT$66,523$66,523
Revenue and Support

Revenue Composition

Contributions and Grants
$219,177
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$219,177
Change in Net Assets
$25,399

Audited Revenue Reconciliation

Revenue per Audited Statements
$219,177
Total Revenue per Audited Statements
$219,177
Total Revenue per Form 990
$219,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,690
Grants and Similar Amounts Paid$57,042
Other Expenses$56,046
Total Fundraising Expense$35,284
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$17,960$44,963$3,600$66,523
Grants to Domestic Orgs$57,000--$57,000
Advertising$5,916$49$16,688$22,653
Fees for Services Other$5,154$1,523$7,549$14,226
Payroll Taxes$6,992$5,777$1,398$14,167
Information Technology$5,327$1,675$5,405$12,407
Fees for Services Accounting-$3,509-$3,509
Office Expenses$54$1,439$400$1,893
Depreciation Depletion$979--$979
Conferences and Meetings--$151$151
Insurance-$76-$76
Grants to Domestic Individuals$42--$42
Fees for Services Management--$33$33
Fees for Services Legal-$15-$15
Other Expenses$10-$60$10
Total Functional Expenses$99,468$59,026$35,284$193,778

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,778
Total Expenses per Audited Statements$193,778
Total Expenses per Form 990$193,778
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Cure Glaucoma Foundation
EIN
81-1231641
Phone
2147659716
Address
10740 N Central Expressway 300, Dallas, TX 75231

Signing Officer

Name
Mike Kettles
Title
Executive Director
Signed
2022-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Kettles
Formed
2014
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
20

Preparer

Firm
Acker & Company
Address
1614 Grande Blvd, Tyler, TX 75703
Preparer
Mary Bonfanti
Phone
9035924584
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Program Service Accomplishments In 2021 the organization operated the following programs. Research - Several unique research initiatives and partnerships are underway or in development:American Glaucoma Society MAPS Grant 2021 marks the 7th year CGF has funded the AGS MAPS Program. This program supports early career glaucoma specialists and scientists by providing tools and resources to further their careers as potential leaders in the science, research and the specialty of glaucoma care.Catalyst for the Cure (CFC) Vision Restoration Initiative - 2021 marks the 3rd year CGF has funded a grant to this important program, the goals of CFC are: 1.To develop a strategy for optic nerve cell transplantation 2.To develop neuroprotective therapies for glaucoma. In the past year, there has been significant progress on both fronts.University of North Texas Health Science Center SymposiumCure Glaucoma Foundation helped sponsor this important symposium. It is designed to bring together early career researchers and scientists for an opportunity to collaborate with their peers and gain insight from senior leaders in the scientific community.Global Outreach - CGF sponsors Medical Mission Trips to provide care for patients in underserved countries:Cure Glaucoma Foundations Train the Trainer, glaucoma drainage device (GDD) implant, Mission Outreach Program - Many glaucoma patients in countries in Africa are greatly underserved. This program is designed to teach qualified ophthalmologists in those countries how to implant the drain and, within 18 months, they will in turn train another physician in their resident country how to do the same. By this process CGF, in partnership with New World Medical, will greatly expand access to effective glaucoma therapy for many people. We are currently in the process of training the second class of physicians from Nigeria and Kenya and we expect to have fifteen graduates complete this program in March 2022. Our partners who have made this program possible are: New World Medical, the Eye Foundation Hospital, Lagos, Nigeria, the City Eye Hospital, Nairobi, Kenya, the American Academy of Ophthalmology and Cure Glaucoma Foundation and its supportive donors.Access to Care - The purpose of the Access to Care Project (ACP) is to take a proactive approach to reduce the burden of blindness. ACP is designed to address the unmet needs of persons affected by glaucoma with limited financial resources. Patient care provided will include eye exams, surgical, and postoperative clinical care necessary to prevent disease progression and blindness.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Program Service Accomplishments In 2021 the organization operated the following programs. Research - Several unique research initiatives and partnerships are underway or in development:American Glaucoma Society MAPS Grant 2021 marks the 7th year CGF has funded the AGS MAPS Program. This program supports early career glaucoma specialists and scientists by providing tools and resources to further their careers as potential leaders in the science, research and the specialty of glaucoma care.Catalyst for the Cure (CFC) Vision Restoration Initiative - 2021 marks the 3rd year CGF has funded a grant to this important program, the goals of CFC are: 1.To develop a strategy for optic nerve cell transplantation 2.To develop neuroprotective therapies for glaucoma. In the past year, there has been significant progress on both fronts.University of North Texas Health Science Center SymposiumCure Glaucoma Foundation helped sponsor this important symposium. It is designed to bring together early career researchers and scientists for an opportunity to collaborate with their peers and gain insight from senior leaders in the scientific community.Global Outreach - CGF sponsors Medical Mission Trips to provide care for patients in underserved countries:Cure Glaucoma Foundations Train the Trainer, glaucoma drainage device (GDD) implant, Mission Outreach Program - Many glaucoma patients in countries in Africa are greatly underserved. This program is designed to teach qualified ophthalmologists in those countries how to implant the drain and, within 18 months, they will in turn train another physician in their resident country how to do the same. By this process CGF, in partnership with New World Medical, will greatly expand access to effective glaucoma therapy for many people. We are currently in the process of training the second class of physicians from Nigeria and Kenya and we expect to have fifteen graduates complete this program in March 2022. Our partners who have made this program possible are: New World Medical, the Eye Foundation Hospital, Lagos, Nigeria, the City Eye Hospital, Nairobi, Kenya, the American Academy of Ophthalmology and Cure Glaucoma Foundation and its supportive donors.Access to Care - The purpose of the Access to Care Project (ACP) is to take a proactive approach to reduce the burden of blindness. ACP is designed to address the unmet needs of persons affected by glaucoma with limited financial resources. Patient care provided will include eye exams, surgical, and postoperative clinical care necessary to prevent disease progression and blindness.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part III, Line 4a
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