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Nonprofit · EIN 23-7081974

OPHTHALMOLOGY RESEARCH FOUNDATION INC

Tax-exempt · MIAMI, FL 33136

Financials

$3M$4.5M2022$4.1M$1.8M2023$8.5M$1.6M2024
Revenue Expenses · by fiscal year end
Financials of OPHTHALMOLOGY RESEARCH FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$8,505,316$1,624,659$6,880,657$82,826,708$3,743,786$79,082,922
July 31, 2024990$4,118,926$1,761,655$2,357,271$78,779,926$4,802,977$73,976,949
July 31, 2023990$3,013,509$4,480,481-$1,466,972$75,827,274$7,567,623$68,259,651
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$218,655
Program service revenue
$1,967,120
Investment income
$6,319,541
Net gain from sales of assets
$4,968,082
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$29,750
Salaries, compensation and benefits (total)
$29,750
Professional fundraising fees
$0
Legal fees
$7,500
Accounting fees
$26,300
Occupancy
$50,425
Depreciation
$910,708
Program services (functional)
$1,580,069
Management and general (functional)
$41,597
Fundraising (functional)
$2,993

Balance sheet and other

Total assets, start of year
$78,779,926
Total assets, end of year
$82,826,708
Total liabilities, end of year
$3,743,786
Net assets, end of year
$79,082,922
Land, buildings and equipment
$31,656,083
Publicly traded securities
$47,978,014
Net assets without donor restrictions
$71,319,651
Net assets with donor restrictions
$7,763,271
Gross receipts
$34,113,722
Employees
0
Year formed
1970
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended July 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
EDUARDO ALFONSOPRESIDENT
Trustee or director, Officer
–$0$1,390,038$6,798
STEVEN J GEDDEMEMBER-AT-LA
Trustee or director
–$0$749,381$2,322
CAROL KARP MDMEMBER-AT-LA
Trustee or director
–$0$438,741$3,564
RICHARD PARRISH II M DSECRETARY
Trustee or director, Officer
–$0$431,396$6,798
DAVID TSE MDMEMBER-AT-LA
Trustee or director
–$0$414,436$6,798
990 for the year ended July 31, 2024: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
EDUARDO ALFONSO MDPRESIDENT
Trustee or director, Officer
2$0$1,316,342$6,798
CAROL KARP MDMEMBER-AT-LA
Trustee or director, Officer
0.5$0$565,458$2,322
STEVEN J GEDDEMEMBER-AT-LA
Trustee or director, Officer
0.5$0$483,935$2,322
RICHARD PARRISH II MDSECRETARY
Trustee or director, Officer
0.5$0$468,531$6,798
DAVID TSE MDMEMBER-AT-LA
Trustee or director, Officer
0.5$0$419,174$6,798
JOHN G CLARKSON MDEXECUTIVE DI
Trustee or director, Officer
2$0$0$0
990 for the year ended July 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
EDUARDO ALFONSO MDPRESIDENT
Trustee or director, Officer
2$0$1,288,399$10,764
CAROL KARP MDMEMBER-AT-LA
Trustee or director, Officer
0.5$0$676,132$2,322
STEVEN J GEDDEMEMBER-AT-LA
Trustee or director, Officer
0.5$0$491,428$2,322
RICHARD PARRISH II MDSECRETARY
Trustee or director, Officer
0.5$0$479,206$6,798
DAVID TSE MDMEMBER-AT-LA
Trustee or director, Officer
0.5$0$421,744$6,798
JOHN G CLARKSON MDEXECUTIVE DI
Trustee or director, Officer
2$0$0$0

Address and contacts

Address (IRS master file)
1638 NW 10TH AVE, MIAMI, FL 33136-1015
Principal officer (990 for 2024)
DAVID TSE MD
Signed the 990
EDUARDO ALFONSO, PRESIDENT
Phone
(305) 326-6190
Return prepared by
JACOBS NONES & COMPANY CPAS LLP

Mission

THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY, OR CONSTRUCTS BASCOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER EYE INSTITUTE.

990 for the year ended July 31, 2025

Program accomplishments

  • THE ORGANIZATION PURCHASES PROPERTY, LOANS MONEY OR CONSTRUCTS BASOM PALMER'S PRIMARY PRACTICE LOCATIONS. MOST RECENTLY, PROPERTY WAS PURCHASED FOR THE CONSTRUCTION OF THE BASCOM PALMER'S EYE INSTITUTE IN NAPLES, FL.
    Expenses $1,580,069 · revenue $1,967,120

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
23-7081974
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1970
Accounting year ends
July
Files
Form 990 or 990-EZ
Assets (IRS master file)
$82,826,708
Income (IRS master file)
$34,113,722

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$8,505,316$1,624,659$82,826,708XML
990July 2024$4,118,926$1,761,655$78,779,926XML
990July 2023$3,013,509$4,480,481$75,827,274XML
990July 2022$9,352,354$4,415,218$78,932,137IRS
990July 2021–––IRS
990July 2020–––IRS
990July 2019–––IRS
990July 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7081974).

Questions about OPHTHALMOLOGY RESEARCH FOUNDATION INC

What is the EIN of OPHTHALMOLOGY RESEARCH FOUNDATION INC?
The employer identification number (EIN) of OPHTHALMOLOGY RESEARCH FOUNDATION INC is 23-7081974.
Is OPHTHALMOLOGY RESEARCH FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
Are donations to OPHTHALMOLOGY RESEARCH FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OPHTHALMOLOGY RESEARCH FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OPHTHALMOLOGY RESEARCH FOUNDATION INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OPHTHALMOLOGY RESEARCH FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who is the principal officer of OPHTHALMOLOGY RESEARCH FOUNDATION INC?
The 990 for the year ended July 31, 2025 names DAVID TSE MD.
Who are the officers and directors of OPHTHALMOLOGY RESEARCH FOUNDATION INC?
The 990 for the year ended July 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does OPHTHALMOLOGY RESEARCH FOUNDATION INC have?
On its 990 for the year ended July 31, 2025 it reported revenue of $8,505,316, expenses of $1,624,659 and total assets of $82,826,708 at year end.

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