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Nonprofit · EIN 23-7087830

RETINA RESEARCH FOUNDATION

Tax-exempt · HOUSTON, TX 77027

Financials

$2.4M$2.5M2023$3.2M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of RETINA RESEARCH FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,168,044$2,775,106$392,938$4,795,475$0$4,795,475
December 31, 2023990$2,441,714$2,531,041-$89,327$4,143,419$50,000$4,093,419
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,026,771
Program service revenue
$0
Investment income
$111,132
Royalties
$30,141
Other revenue
$30,141

Expenses

Grants and similar amounts paid
$2,458,577
Other salaries and wages
$110,000
Salaries, compensation and benefits (total)
$118,839
Professional fundraising fees
$0
Legal fees
$26,919
Accounting fees
$26,800
Occupancy
$34,447
Depreciation
$115
Program services (functional)
$2,540,496
Management and general (functional)
$234,610

Balance sheet and other

Total assets, start of year
$4,143,419
Total assets, end of year
$4,795,475
Total liabilities, end of year
$0
Net assets, end of year
$4,795,475
Land, buildings and equipment
$13,300
Publicly traded securities
$3,477,817
Net assets without donor restrictions
$4,293,475
Net assets with donor restrictions
$502,000
Gross receipts
$3,168,044
Employees
1
Volunteers
17
Year formed
1969
State of legal domicile
TX

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
VIRGINIA GISSEL SCHWANAUEREXECUTIVE DIRECTOR
Highest-paid employee
40$110,000
ARTHUR WILLIS MDPRESIDENT
Trustee or director, Officer
1$0
BEN ORMAN MDDIRECTOR
Trustee or director
1$0
BETTIE HARDING LEESECRETARY
Trustee or director, Officer
1$0
BRUCE B MACKDIRECTOR
Trustee or director
1$0
H RICHARD WALTONTREASURER
Trustee or director, Officer
1$0
JAMES E KEY MDDIRECTOR
Trustee or director
1$0
JOHN C DAWSON JRCHAIRMAN
Trustee or director, Officer
1$0
JOSEPH W ROYCEDIRECTOR
Trustee or director
1$0
KATHERINE W ORTONDIRECTOR
Trustee or director
1$0
LAWRENCE P WASHINGTONDIRECTOR
Trustee or director
1$0
LEWIS H GISSEL IIIDIRECTOR
Trustee or director
1$0
LYNN A BERNARD JRDIRECTOR
Trustee or director
1$0
PATRICIA K BOYDASSISTANT SECRETARY
Trustee or director, Officer
1$0
PETROS E CARVOUNIS MDDIRECTOR
Trustee or director
1$0
3 more people on this return
NameTitleHours / weekCompensation
R MALCOLM WOOLEYDIRECTOR
Trustee or director
1$0
RONALD G GIROTTOVP/CHAIR, BOARD OF ADVISOR
Trustee or director, Officer
1$0
W MAC JENSENDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensation
LYNN A BERNARD JRDIRECTOR
Trustee or director
1$0
PATRICIA K BOYDASSISTANT SECRETARY
Trustee or director, Officer
1$0
PETROS E CARVOUNIS MDDIRECTOR
Trustee or director
1$0
ROSANETTE S CULLENDIRECTOR
Trustee or director
1$0
JOHN C DAWSON JRCHAIRMAN
Trustee or director, Officer
1$0
RONALD G GIROTTOVP/CHAIR, BOARD OF ADVISORY TRUSTEES
Trustee or director, Officer
1$0
NANCY F JAPHETDIRECTOR
Trustee or director
1$0
JAMES E KEY MDDIRECTOR
Trustee or director
1$0
BETTIE HARDING LEESECRETARY
Trustee or director, Officer
1$0
BRUCE B MACKDIRECTOR
Trustee or director
1$0
LEWIS H GISSEL IIIDIRECTOR
Trustee or director
1$0
BEN ORMAN MDDIRECTOR
Trustee or director
1$0
KATHERINE W ORTONDIRECTOR
Trustee or director
1$0
H RICHARD WALTONTREASURER
Trustee or director, Officer
1$0
JOSEPH W ROYCEDIRECTOR
Trustee or director
1$0
ARTHUR WILLIS MDPRESIDENT
Trustee or director, Officer
1$0
R MALCOLM WOOLEYDIRECTOR
Trustee or director
1$0
W MAC JENSENDIRECTOR
Trustee or director
1$0
LAWRENCE P WASHINGTONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
3555 TIMMONS LN SUITE 810, HOUSTON, TX 77027-6470
Principal officer (990 for 2024)
ARTHUR WILLIS MD, 3555 TIMMONS LANE 810, HOUSTON, TX 77027
Signed the 990
ARTHUR WILLIS MD, PRESIDENT
Phone
(713) 797-1925
Return prepared by
CRI ADVISORS LLC

Mission

THE MISSION OF THE RETINA RESEARCH FOUNDATION IS TO REDUCE RETINAL BLINDNESS WORLDWIDE BY FUNDING PROGRAMS IN RESEARCH AND EDUCATION. AS A PUBLIC CHARITY, RRF RAISES FUNDS FROM THE PRIVATE SECTOR AND THE INVESTMENT OF ITS ENDOWMENT FUNDS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE MISSION OF THE RETINA RESEARCH FOUNDATION IS TO REDUCE RETINAL BLINDNESS WORLDWIDE BY FUNDING PROGRAMS IN RESEARCH AND EDUCATION. AS A PUBLIC CHARITY, RRF RAISES FUNDS FROM THE PRIVATE SECTOR AND THE INVESTMENT OF ITS ENDOWMENT FUNDS.
    Expenses $2,540,496 · grants $2,458,577

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7087830
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,795,475
Income (IRS master file)
$3,168,044

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,168,044$2,775,106$4,795,475IRS
990December 2023$2,441,714$2,531,041$4,143,419XML
990December 2022$2,299,919$2,293,424$3,916,625IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 23-7087830).

Questions about RETINA RESEARCH FOUNDATION

What is the EIN of RETINA RESEARCH FOUNDATION?
The employer identification number (EIN) of RETINA RESEARCH FOUNDATION is 23-7087830.
Is RETINA RESEARCH FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
Are donations to RETINA RESEARCH FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RETINA RESEARCH FOUNDATION 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 RETINA RESEARCH FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RETINA RESEARCH FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RETINA RESEARCH FOUNDATION?
The 990 for the year ended December 31, 2024 names ARTHUR WILLIS MD.
Who are the officers and directors of RETINA RESEARCH FOUNDATION?
The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $110,000 (VIRGINIA GISSEL SCHWANAUER, EXECUTIVE DIRECTOR).
How much revenue does RETINA RESEARCH FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,168,044, expenses of $2,775,106 and total assets of $4,795,475 at year end.

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