Civic Intelligence

Cure Glaucoma Foundation

990 • Fiscal year 2023 • EIN 81-1231641

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 24, 2024

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

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

25th percentile

-12%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$78,895

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 16.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

18th percentile

-29%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-39%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$132,060

Down $52,868 (-29%) from 2022

Net Assets

Down

$131,998

Down $52,869 (-29%) from 2022

Liabilities

Up

$62

Up $1 (+1.6%) from 2022

Revenue

Down

$484,375

Down $309,634 (-39%) from 2022

Expenses

Down

$543,318

Down $340,862 (-39%) from 2022

Net Income

Up

-$58,943

Up $31,228 (+35%) from 2022

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

2023

Assets$132,060
Liabilities$62
Net Assets$131,998

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

2023

Revenue$484,375
Expenses$543,318
Net Income-$58,943
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 24, 2024
Return Version
2023v5.1
Gross Receipts
$484,375
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$137,748$79,236▼ $58,512
Savings and Temporary Cash Investments$42,623$48,381▲ $5,758
Land, Buildings, and Equipment, Net$4,250$3,503▼ $747
Prepaid Expenses and Deferred Charges$307$940▲ $633
Accounts Receivable-$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$184,928$132,060▼ $52,868
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$61$61→ $0
Other Liabilities-$1-
Total Liabilities$61$62▲ $1
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$184,867$131,998▼ $52,869
Total Net Assets Fund Balance$184,867$131,998▼ $52,869
Total Liabilities and Net Assets / Fund Balance$184,928$132,060▼ $52,868

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,503$3,967$7,470
Equipment-$698$698
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mike KettlesExec Dir/TreasFT$78,895$78,895

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$483,684
Program Service Revenue
$0
Investment Income
$691
Other Revenue
$0
All Other Contributions
$483,684
Change in Net Assets
$-58,943

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Drugs and Medical Supplies9$227,323
Other Non Cash Contri Table28$101,950
Total Noncash Contributions37$329,273

Audited Revenue Reconciliation

Revenue per Audited Statements
$484,375
Total Revenue per Audited Statements
$484,375
Total Revenue per Form 990
$484,375
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$426,373
Salaries, Compensation, and Employee Benefits$78,895
Total Fundraising Expense$41,188
Grants and Similar Amounts Paid$38,050
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$59,211$7,846$11,838$78,895
Grants to Domestic Orgs$37,050--$37,050
Travel$34,361--$34,361
Advertising$2,961$144$21,355$24,460
Fees for Services Other$14,215$4,205$4,181$22,601
Information Technology$108$2,488$3,814$6,410
Fees for Services Accounting-$2,700-$2,700
Other Expenses$308$920-$1,228
All Other Expenses$956$115-$1,071
Grants to Domestic Individuals$1,000--$1,000
Depreciation Depletion-$747-$747
Conferences and Meetings-$19-$19
Total Functional Expenses$482,946$19,184$41,188$543,318

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$543,318
Total Expenses per Audited Statements$543,318
Total Expenses per Form 990$543,318
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catalyst for a Cure InitiativSan Francisco, CA-Research$25,000
Center for Vision Health GlauDallas, TX-Research$7,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

Line 11b explanation - a copy of the form 990 was provided to the executive director prior to filing for his and/or the board's review. Upon approval the form will be filed.

Form 990, Part VI, Section C, Line 18

Other information available upon request.

Form 990, Part VI, Section C, Line 19

Other information available upon request.

FORM 990, PART VI SECTION B, LINE 11B:

Line 11b explanation - a copy of the form 990 was provided to the executive director prior to filing for his and/or the board's review. Upon approval the form will be filed.

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
2024-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Kettles
Formed
2014
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
10
Employees
1
Volunteers
20

Preparer

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

Additional Explanations

Form 990, Part III, Line 4A

Form 990, Part III, Line 4aProgram Service Accomplishments In 2023 the organization operated the following programs. Research - Several unique research initiatives and partnerships are underway or in development:American Glaucoma Society MAPS Grant 2023 marks the 9th 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 - 2023 marks the 4th year CGF has funded a grant to this important program, the goals of CFC are: 1.To develop a strategy for optic nerve cell transplantation2.To develop neuroprotective therapies for glaucoma. In the past year, there has been significant progress on both fronts.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. 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.In 2023, Cure Glaucoma Sponsored the following mission trips:Nigeria Glaucoma Drainage Device Training Class, March 2023In March 2023, Dr. Ogunro and her team from the Eye Foundation Hospital in Nigeria, completed their first in-Country GDD training program for (5) Nigerian physicians. This is in keeping with the Train the Trainer program goals of a self-expanding program where recipients of previous GDD training efforts become the next generation of trainers.We would like to congratulate Dr. Ogunro and her team on this great accomplishment! To support Dr. Ogunro CGF provided medical supplies thanks to the generosity of our medical supply partners. The synergy of partnerships between CGF, skilled physicians like Dr. Ogunro and our medical supply partners results in training of ophthalmologists in advanced glaucoma surgeries all over the world who can better care for their patients.Congratulations to the following physicians who are registered as qualified to participate in the GDD program:Dr Adanma Chinyele Ezenwa - (Nnamdi Azikiwe University Teaching Hospital Nnewi)Dr Genevieve Onochie-Olubobokun - (St Edmund's Eye Clinic and Hospital Lagos)Dr Aisha Kalmbe - (Asokoro District Hospital Abuja)Dr Abdullahi Sadiq Mohammed - (National Eye Centre Kaduna)Dr Adaora Okudo - (Asokoro District Hospital Abuja)A special thanks to New World Medical whose ongoing support and commitment to this important program make it possible to achieve these important goals.Bali, Indonesia 15-17 March 2023In March, the Cure Glaucoma Foundation, in collaboration with the Indonesian Glaucoma Society and the Udayana University/Mangusada Hospital, organized a 3-day global outreach program in Bali, Indonesia. On site, my colleagues Lola Idowu, MD, and Ramya Swamy, MD, and I (Dr. Tosin Smith) executed the MIGS Didactic Course and Wet Lab Conference, during which 36 Indonesian surgeons received training in various glaucoma procedures, with a focus on MIGS. Attendees participated in live and virtual lectures delivered by 12 experts in glaucoma. They also engaged in live surgical training and wet lab sessions, resulting in a total of 25 surgeries performed during the event. For me, the joy of delivering this program stems from witnessing its profoun

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0The mission of Cure Glaucoma is to improve glaucoma by funding transformational research, disseminating knowledge and expanding treatment availability through global outreach efforts.
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IRS990/OtherExpensesGrp/Desc1Medical staff
IRS990/OtherExpensesGrp/Desc2Prof. Fees-Medical Supplies
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE COSTS
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0940
IRS990/PrincipalOfficerNm0Mike Kettles
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IRS990/PYExcessBenefitTransInd0false
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0229475
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0-384
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IRS990ScheduleD/TotalRevenuePerForm990Amt0484375
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IRS990ScheduleI/RecipientTable/CashGrantAmt17000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CATALYST FOR A CURE INITIATIV
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CENTER FOR VISION HEALTH GLAU
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0251 Post Street Suite 600
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15442 La Sierra Drive
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DALLAS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - A COPY OF THE FORM 990 WAS PROVIDED TO THE EXECUTIVE DIRECTOR PRIOR TO FILING FOR HIS AND/OR THE BOARD'S REVIEW. UPON APPROVAL THE FORM WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other information available upon request.

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