Nonprofit · EIN 23-7337229
BRIGHTFOCUS FOUNDATION
Tax-exempt · CLARKSBURG, MD 20871
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $63,423,924 | $53,295,009 | $10,128,915 | $65,129,292 | $28,168,825 | $36,960,467 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $52,879,488
- Program service revenue
- $0
- Investment income
- $9,840,578
- Royalties
- $370,381
- Net rental income
- $385,959
- Net gain from sales of assets
- $8,788,221
- Net income from fundraising events
- -$56,608
- Other revenue
- $703,858
Expenses
- Grants and similar amounts paid
- $16,943,701
- Compensation of officers, directors and key employees
- $1,652,825
- Other salaries and wages
- $3,413,792
- Salaries, compensation and benefits (total)
- $6,479,211
- Professional fundraising fees
- $1,027,076
- Legal fees
- $71,456
- Accounting fees
- $118,544
- Occupancy
- $368,766
- Travel
- $258,884
- Depreciation
- $596,953
- Program services (functional)
- $34,827,679
- Management and general (functional)
- $4,607,460
- Fundraising (functional)
- $13,859,870
Balance sheet and other
- Total assets, start of year
- $63,464,652
- Total assets, end of year
- $65,129,292
- Total liabilities, end of year
- $28,168,825
- Net assets, end of year
- $36,960,467
- Land, buildings and equipment
- $3,971,651
- Publicly traded securities
- $32,437,847
- Net assets without donor restrictions
- $25,140,265
- Net assets with donor restrictions
- $11,820,202
- Gross receipts
- $89,178,037
- Employees
- 59
- Volunteers
- 85
- Year formed
- 1973
- State of legal domicile
- DC
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STACY PAGOS HALLER | PRESIDENT/CEO Officer | 45 | $424,828 | $46,677 |
| NANCY KEACH | SR. VP, STRATEGIC PARTNERSHIPS Key employee | 45 | $270,157 | $51,713 |
| R BRIAN ELDERTON | SR. VP, DEVELOPMENT Key employee | 45 | $261,323 | $40,046 |
| JONATHAN WALSH | SVP, FINANCE & ADMINISTRATION Key employee | 45 | $226,786 | $4,251 |
| DIANE BOVENKAMP PHD | VP, SCIENTIFIC AFFAIRS Key employee | 45 | $196,242 | $24,358 |
| SHARYN ROSSI - PHD DIR OF | SCIENT. PROGRAMS, NEUROSCIENCE Highest-paid employee | 40 | $125,732 | $42,143 |
| LISA MORGAN | SENIOR DIRECTOR, ANNUAL GIVING Highest-paid employee | 40 | $135,115 | $22,867 |
| PREETI SUBRAMANIAN - PHD DIR | OF SCIENT. PROGRAMS, VISION SCIENCE Highest-paid employee | 40 | $139,931 | $16,400 |
| JEFFREY HONAKER | SR. MGR. OPS AND BUILDING Highest-paid employee | 40 | $115,469 | $33,854 |
| KACI BAEZ - VP INTEGRATED | MKTING & COMM. UNTIL 06/24 Highest-paid employee | 45 | $110,647 | $8,838 |
| PATRICIA M STEWART | CHAIR Trustee or director, Officer | 10 | $0 | $0 |
| SCOTT KAISER MD | SECRETARY UNTIL 06/24, VICE CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| THOMAS F FREDDO OD PHD | DIRECTOR UNTIL 06/24, SECRETARY Trustee or director, Officer | 6 | $0 | $0 |
| SHAWNA GOTTLIEB | TREASURER Trustee or director, Officer | 6 | $0 | $0 |
| CECILIA ARRADAZA | VICE CHAIR UNTIL 06/24, DIRECTOR Trustee or director, Officer | 6 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL CAMPBELL | DIRECTOR Trustee or director | 5 | $0 |
| HERBERT L DRAYTON III | DIRECTOR Trustee or director | 5 | $0 |
| DANA GRIFFIN | DIRECTOR Trustee or director | 5 | $0 |
| TONYA MATTHEWS PHD | DIRECTOR Trustee or director | 5 | $0 |
| ANN SECLOW | DIRECTOR Trustee or director | 5 | $0 |
| JAN M STOUFFER PHD | DIRECTOR Trustee or director | 6 | $0 |
| ADAM MYERS | DIRECTOR AS OF 04/24 Trustee or director | 5 | $0 |
| JOHN PENN | DIRECTOR AS OF 03/25 Trustee or director | 5 | $0 |
| DALE YOUNG | DIRECTOR AS OF 03/25 Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 22512 GATEWAY CENTER DR, CLARKSBURG, MD 20871-2005
- Principal officer (990 for 2024)
- STACY PAGOS HALLER, 22512 GATEWAY CENTER DRIVE, CLARKSBURG, MD 20871
- Signed the 990
- STACY PAGOS HALLER, PRESIDENT/CEO
- Phone
- (301) 948-3244
- Return prepared by
- CBIZ ADVISORS LLC
Mission
BRIGHTFOCUS FOUNDATION FUNDS EXCEPTIONAL RESEARCH WORLDWIDE TO DEFEAT ALZHEIMER'S DISEASE, MACULAR DEGENERATION, AND GLAUCOMA AND PROVIDES EXPERT INFORMATION ON THESE HEARTBREAKING DISEASES. PLEASE REFER TO SCHEDULE O FOR A COMPLETE OVERVIEW OF OUR MISSION.
Program accomplishments
- ALZHEIMER'S DISEASE RESEARCH (ADR)PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR ALZHEIMER'S DISEASE RESEARCH.Expenses $21,402,299 · grants $10,412,240
- MACULAR DEGENERATION RESEARCH (MDR)PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR MACULAR DEGENERATION RESEARCH.Expenses $10,955,751 · grants $5,329,984
- NATIONAL GLAUCOMA RESEARCH (NGR) PLEASE REFER TO SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE ACCOMPLISHMENTS FOR NATIONAL GLAUCOMA RESEARCH.Expenses $2,469,629 · grants $1,201,477
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7337229
- 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
- 1974
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G00J)
- Assets (IRS master file)
- $65,129,292
- Income (IRS master file)
- $89,178,037
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $48,662,870 | $46,217,406 | $63,464,652 | IRS |
| 990 | March 2023 | $43,893,797 | $48,508,214 | $58,626,477 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BRIGHTFOCUS FOUNDATION
- What is the EIN of BRIGHTFOCUS FOUNDATION?
- The employer identification number (EIN) of BRIGHTFOCUS FOUNDATION is 23-7337229.
- Is BRIGHTFOCUS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to BRIGHTFOCUS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRIGHTFOCUS 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 BRIGHTFOCUS FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRIGHTFOCUS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of BRIGHTFOCUS FOUNDATION?
- The 990 for the year ended March 31, 2025 names STACY PAGOS HALLER.
- Who are the officers and directors of BRIGHTFOCUS FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 24 people; 10 received compensation from the organization, the highest $424,828 (STACY PAGOS HALLER, PRESIDENT/CEO).
- How much revenue does BRIGHTFOCUS FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $63,423,924, expenses of $53,295,009 and total assets of $65,129,292 at year end.
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