Civic Intelligence

Glaucoma Research Foundation

EIN 94-2495035 • 501(c)3 • San Francisco, CA

Profile

Cure Glaucoma and restore vision through innovative research.

131 Steuart St 200San Francisco, CA 94105

www.glaucoma.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.09x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

39th percentile

0.14x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

62nd percentile

10%

Higher net margin than 62% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

41%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$16,545,749

Up $1,907,172 (+13%) from 2024

Liabilities

Up

$1,459,454

Up $354,799 (+32%) from 2024

Net Assets

Up

$15,086,295

Up $1,552,373 (+11%) from 2024

Operations
Liabilities / Revenue39th percentileNet Margin62nd percentile

Revenue

Up

$10,127,426

Up $2,939,279 (+41%) from 2024

Expenses

Up

$9,098,569

Up $2,115,526 (+30%) from 2024

Net Income

Up

$1,028,857

Up $823,753 (+402%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2012: $5,540,004Liabilities 2012: $562,630Net Assets 2012: $4,977,3742012Assets 2013: $7,718,628Liabilities 2013: $842,937Net Assets 2013: $6,875,6912013Assets 2014: $9,353,669Liabilities 2014: $1,081,569Net Assets 2014: $8,272,1002014Assets 2015: $9,638,777Liabilities 2015: $1,210,387Net Assets 2015: $8,428,3902015Assets 2016: $9,683,140Liabilities 2016: $1,452,018Net Assets 2016: $8,231,1222016Assets 2017: $10,590,708Liabilities 2017: $953,992Net Assets 2017: $9,636,7162017Assets 2018: $11,586,601Liabilities 2018: $575,290Net Assets 2018: $11,011,3112018Assets 2019: $10,976,910Liabilities 2019: $728,352Net Assets 2019: $10,248,5582019Assets 2020: $12,305,821Liabilities 2020: $1,118,274Net Assets 2020: $11,187,5472020Assets 2021: $13,366,326Liabilities 2021: $1,305,959Net Assets 2021: $12,060,3672021Assets 2022: $13,065,899Liabilities 2022: $944,864Net Assets 2022: $12,121,0352022Assets 2023: $14,426,054Liabilities 2023: $1,531,113Net Assets 2023: $12,894,9412023Assets 2024: $14,638,577Liabilities 2024: $1,104,655Net Assets 2024: $13,533,9222024Assets 2025: $16,545,749Liabilities 2025: $1,459,454Net Assets 2025: $15,086,2952025

Highlighted filing

2025

Assets$16,545,749
Liabilities$1,459,454
Net Assets$15,086,295
Open 2025 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2012: $3,404,690Expenses 2012: $3,902,081Net Income 2012: -$497,3912012Revenue 2013: $4,635,560Expenses 2013: $3,251,189Net Income 2013: $1,384,3712013Revenue 2014: $4,053,381Expenses 2014: $3,680,874Net Income 2014: $372,5072014Revenue 2015: $3,781,323Expenses 2015: $3,623,107Net Income 2015: $158,2162015Revenue 2016: $4,081,453Expenses 2016: $3,820,169Net Income 2016: $261,2842016Revenue 2017: $4,468,242Expenses 2017: $3,956,940Net Income 2017: $511,3022017Revenue 2018: $5,048,952Expenses 2018: $3,662,647Net Income 2018: $1,386,3052018Revenue 2019: $3,379,929Expenses 2019: $4,071,705Net Income 2019: -$691,7762019Revenue 2020: $5,829,191Expenses 2020: $4,306,714Net Income 2020: $1,522,4772020Revenue 2021: $4,401,477Expenses 2021: $4,575,043Net Income 2021: -$173,5662021Revenue 2022: $5,777,174Expenses 2022: $4,937,400Net Income 2022: $839,7742022Revenue 2023: $6,480,467Expenses 2023: $6,158,927Net Income 2023: $321,5402023Revenue 2024: $7,188,147Expenses 2024: $6,983,043Net Income 2024: $205,1042024Revenue 2025: $10,127,426Expenses 2025: $9,098,569Net Income 2025: $1,028,8572025

Highlighted filing

2025

Revenue$10,127,426
Expenses$9,098,569
Net Income$1,028,857
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,545,749
Liabilities
$1,459,454
Net assets
$15,086,295
Revenue
$10,127,426
Expenses
$9,098,569
Net income
$1,028,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$1.46$15.1$10.1$9.10$1.03
2024Detailed filing. Detailed filing data is available for this year.$14.6$1.10$13.5$7.19$6.98$0.21
2023Detailed filing. Detailed filing data is available for this year.$14.4$1.53$12.9$6.48$6.16$0.32
2022Detailed filing. Detailed filing data is available for this year.$13.1$0.94$12.1$5.78$4.94$0.84
2021Detailed filing. Detailed filing data is available for this year.$13.4$1.31$12.1$4.40$4.58$0.17
2020Detailed filing. Detailed filing data is available for this year.$12.3$1.12$11.2$5.83$4.31$1.52
2019Detailed filing. Detailed filing data is available for this year.$11.0$0.73$10.2$3.38$4.07$0.69
2018Detailed filing. Detailed filing data is available for this year.$11.6$0.58$11.0$5.05$3.66$1.39
2017Detailed filing. Detailed filing data is available for this year.$10.6$0.95$9.64$4.47$3.96$0.51
2016Detailed filing. Detailed filing data is available for this year.$9.68$1.45$8.23$4.08$3.82$0.26
2015Detailed filing. Detailed filing data is available for this year.$9.64$1.21$8.43$3.78$3.62$0.16
2014Summary only. Only limited summary data is available for this year.$9.35$1.08$8.27$4.05$3.68$0.37
2013Summary only. Only limited summary data is available for this year.$7.72$0.84$6.88$4.64$3.25$1.38
2012Summary only. Only limited summary data is available for this year.$5.54$0.56$4.98$3.40$3.90$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$11,541,332
Mission and Program Overview

Mission

Cure Glaucoma and restore vision through innovative research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$3,640,865$6,210,928▲ $2,570,063
Savings and Temporary Cash Investments$3,161,417$3,419,830▲ $258,413
Investments in Publicly Traded Securities$3,343,804$2,635,867▼ $707,937
Intangible Assets-$214,386-
Prepaid Expenses and Deferred Charges$167,026$162,566▼ $4,460
Cash and Non-Interest-Bearing Accounts$482,036$78,092▼ $403,944
Inventories for Sale or Use$31,480$31,876▲ $396
Land, Buildings, and Equipment, Net$243,825$2,334▼ $241,491
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Total Assets$14,638,577$16,545,749▲ $1,907,172
Other Assets Total$3,568,124$3,789,870▲ $221,746
Liabilities
Grants Payable$775,000$747,500▼ $27,500
Other Liabilities$164,786$384,776▲ $219,990
Accounts Payable and Accrued Expenses$164,869$327,178▲ $162,309
Total Liabilities$1,104,655$1,459,454▲ $354,799
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,540,521$9,966,174▲ $2,425,653
Net Assets Without Donor Restrictions$5,993,401$5,120,121▼ $873,280
Total Net Assets Fund Balance$13,533,922$15,086,295▲ $1,552,373
Total Liabilities and Net Assets / Fund Balance$14,638,577$16,545,749▲ $1,907,172

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,334$131,080$133,414
Leasehold Improvements-$3,363$3,363
Other Assets Org$384,776--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,342,500---$3,342,500
2023$3,342,500---$3,342,500
2022$3,342,500---$3,342,500
2021$3,342,500---$3,342,500
2020$3,342,500---$3,342,500
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas M BrunnerPresident & CEOFT$298,007$13,032$311,039
Nancy GraydonE.d. Devel. & COOFT$281,350$13,116$294,466
Andrew JacksonDirector CommunicationFT$163,817$8,882$172,699
Catalina San AgustinDirector OperationFT$160,860$8,981$169,841
Morgan VelardeDirector PhilanthropicFT$126,684$7,124$133,808
Thomas MaxsonInd & Corp Giv OffFT$121,275$6,314$127,589

Board Members and Trustees

NameTitle
Andrew G Iwach MdChair
Ruth D Williams MdVice Chair
Adrienne L Graves PhdDirector
David S FriedmanDirector
Dennis E SingletonDirector
Frederick H BrinkmannDirector
John G Flanagan PHDDirector
Linda C LinckDirector
Nancy S ForsterDirector
Oluwatosin SmithDirector
Robert L Stamper MdDirector
Terri-Diann Pickering MDDirector
Tracy ValorieDirector
Richard HALPRIN CPASecretary
Charles R WilmothTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jacqueline Jones DesignGraphic Design, Printing346 G St, San Rafael, CA 94901$221,061
Bryn Mawr CommunicationsAdvertising125 E Elm Street Suite 400, Conshohocken, PA 19428$156,289
Revenue and Support

Revenue Composition

Contributions and Grants
$9,190,412
Program Service Revenue
$391,458
Investment Income
$343,886
Other Revenue
$201,670
All Other Contributions
$9,190,412
Change in Net Assets
$1,028,857

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$1,146,558Fair Market Value (FMV)
Total Noncash Contributions5$1,146,558-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,127,426
Revenue Not Reported on Form 990
$790,864
Total Revenue per Audited Statements
$10,918,290
Total Revenue per Form 990
$10,127,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,668,530
Grants and Similar Amounts Paid$3,167,340
Salaries, Compensation, and Employee Benefits$2,262,699
Total Fundraising Expense$918,613
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,109,800--$3,109,800
Other Salaries and Wages$996,410$119,531$198,713$1,314,654
Current Officers, Directors, Trustees, and Key Employees$806,674$45,953$95,418$948,045
Occupancy$125,245$11,974$21,087$158,306
Foreign Grants$57,540--$57,540
Other Expenses$46,598$35,528$188,271$46,598
Total Functional Expenses$7,656,860$523,096$918,613$9,098,569

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,365,917
Expenses per Audited Statements$9,098,569
Total Expenses per Form 990$9,098,569
Expenses Not Reported on Form 990$267,348
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
STANFORD UNIVERSITY Dr HuSan Francisco, CA-Glaucoma Research$375,000
Glaucoma Reaserch & EducationSan Francisco, CA-Glaucoma Research$325,000
Brigham and Womens HospitalBoston, MA-Glaucoma Research$250,000
Massachusetts Eye & EarBoston, MA-Glaucoma Research$250,000
Mayo ClinicMinneapolis, MN-Glaucoma Research$250,000
THE REGENTS OF UC BerkeleyBerkeley, CA-Glaucoma Research$250,000
Uc DavisWest Sacramento, CA-Glaucoma Research$250,000
Uc San DiegoLa Jolla, CA-Glaucoma Research$250,000
Uc San FranciscoLos Angeles, CA-Glaucoma Research$250,000
Bascom Palmer Eye InstituteMiami, FL-Glaucoma Research$150,000
Doheny Eye InstituteLos Angeles, CA-Glaucoma Research$55,000
Loyola University of ChicagoChicago, IL-Glaucoma Research$55,000
UC IrvineIrvine, CA-Glaucoma Research$55,000
University of CaliforniaBerkeley, CA-Glaucoma Research$55,000
University of Missouri-KansasKansas City, MO-Glaucoma research$55,000
University of TexasDallas, TX-Glaucoma Research$55,000
University of UtahSalt Lake City, UT-Glaucoma Research$55,000
West Virginia UniversityMorgantown, WV-Glaucoma Research$55,000
ReNervo IncMenlo Park, CA-Glaucoma Research$25,000
Stanford UniversityRedwood City, CA-Glaucoma Research$25,000

International Summary

Spending
$57,540

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
EuropeGrants for researchGlaucoma research00$57,540
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$381,021
Fundraising Direct Expenses$267,348
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Events$381,021$381,021$267,348$113,673
Total Events$381,021$381,021$267,348$113,673
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
Lease Liability$384,776
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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

“Staff review, copy emailed to board for information prior to filing.”

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

“Compliance forms sent every july”

Form 990, Part VI, Section B, Line 15A

“Performance review by Board & Compensation Committee. Compensation Committee uses Salary Surveys and approves CEO compensation at Boards direction.”

Form 990, Part VI, Section B, Line 15B

“Annual review by supervisor and approval by next level manager with use of comparability data”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Glaucoma Research Foundation
EIN
94-2495035
Phone
4159863162
Address
131 STEUART ST 200, SAN FRANCISCO, CA 94105

Signing Officer

Name
Thomas M Brunner
Title
President & CEO
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas M Brunner
Formed
1978
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
15
Employees
11
Volunteers
30

Preparer

Firm
Mark Mumm CPA
Address
12655 Fiori Lane, Sebastopol, CA 95472
Preparer
Mark Mumm
Phone
4154533341
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in value charitable trust = -$20951”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Permanently restricted funds are allocated as: Annual Research Grant, $800,000;Research and Annual Sutro Lecture, $2,542,000.THE ANNUAL INCOME FROM "THE DR. HENRY A. SUTRO FAMILY GRANT FOR RESEARCH" WILL BE USED FOR SPECIAL INVESTIGATIONS.The Annual income from the The Drs. Henry and Frederick Sutro Memorial Lecture and Research Grant will be used for the Annual Sutro Memorial Lecture and for research.”

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

“Event expenses $267348 Change in value of charitable trust $-20951”

Part XII, Line 2D: Other expenses and losses per audited F/S

“Event expenses $267348”

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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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