Nonprofit · EIN 51-0151514
RETINA FOUNDATION OF THE SOUTHWEST
Tax-exempt · DALLAS, TX 75382
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,477,798 | $8,564,087 | $2,913,711 | $16,637,262 | $1,095,099 | $15,542,163 |
| December 31, 2024 | 990 | $8,362,518 | $8,037,674 | $324,844 | $13,662,956 | $1,034,504 | $12,628,452 |
| December 31, 2023 | 990 | $7,846,410 | $7,801,201 | $45,209 | $13,241,837 | $938,229 | $12,303,608 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $11,211,635
- of which government grants
- $557,422
- Program service revenue
- $0
- Investment income
- $278,851
- Net gain from sales of assets
- -$2,818
- Net income from fundraising events
- -$124,506
- Other revenue
- -$12,688
Expenses
- Grants and similar amounts paid
- $350,000
- Compensation of officers, directors and key employees
- $1,583,764
- Other salaries and wages
- $3,024,418
- Salaries, compensation and benefits (total)
- $5,361,443
- Professional fundraising fees
- $0
- Legal fees
- $30,468
- Accounting fees
- $59,404
- Occupancy
- $231,278
- Travel
- $92,868
- Depreciation
- $336,850
- Program services (functional)
- $6,790,768
- Management and general (functional)
- $1,053,420
- Fundraising (functional)
- $719,899
Balance sheet and other
- Total assets, start of year
- $13,662,956
- Total assets, end of year
- $16,637,262
- Total liabilities, end of year
- $1,095,099
- Net assets, end of year
- $15,542,163
- Land, buildings and equipment
- $4,057,123
- Net assets without donor restrictions
- $7,392,978
- Net assets with donor restrictions
- $8,149,185
- Gross receipts
- $11,652,882
- Employees
- 43
- Volunteers
- 60
- Year formed
- 1975
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARL CSAKY | CHIEF EXECUTIVE AND MEDICAL OFFICER Officer | 29 | $532,184 | $17,737 |
| MARK PENNESI | LAB DIRECTOR Key employee | 30 | $429,824 | $28,765 |
| EILEEN BIRCH | PEDIATRIC DIRECTOR Key employee | 40 | $327,144 | $27,612 |
| AMY JOHNSON | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $197,337 | $21,125 |
| NAOMI EMMETT | CHIEF FINANCIAL OFFICER/CHIEF BUSINESS OFFICER Officer | 40 | $179,783 | $20,254 |
| DAVID BIRCH | SCIENTIFIC DIRECTOR Highest-paid employee | 30 | $164,986 | $19,504 |
| SRINIVASA SRIPATHI | LAB DIRECTOR Highest-paid employee | 36 | $144,049 | $17,967 |
| NATALIE GILBERT | FINANCE DIRECTOR Highest-paid employee | 39 | $140,987 | $18,314 |
| LUCINDA BAILLIE | OPERATIONS MANAGER Highest-paid employee | 40 | $129,045 | $17,717 |
| RAJIV ANAND MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE BODDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX M CENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI DAO MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN EISNAUGLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LOUIS GRABOWSKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBBIE GRAY | DIRECTOR Trustee or director | 1 | $0 |
| GRANT HENDERSON | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM L HUTTON MD | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD A MASSMAN | DIRECTOR Trustee or director | 1 | $0 |
| THERESE ROURK | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD SCHAAR PHD | DIRECTOR Trustee or director | 1 | $0 |
| RAND SPENCER MD | DIRECTOR Trustee or director | 1 | $0 |
| TIA S TOMLIN | DIRECTOR Trustee or director | 1 | $0 |
| MARY MARTHA PICKENS | DIRECTOR Trustee or director | 1 | $0 |
| WILLAM VOSS | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE DOTTER CPA | CHAIR Trustee or director, Officer | 1 | $0 |
| JAMES H MERRITT MD | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARL CSAKY | CHIEF EXECUTIVE AND MEDICAL OFFICER Officer | 30 | $401,620 | $17,487 |
| MARK PENNESI | LAB DIRECTOR Key employee | 30 | $384,099 | $24,053 |
| EILEEN BIRCH | PEDIATRIC DIRECTOR Key employee | 40 | $316,034 | $25,649 |
| AMY JOHNSON | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $192,393 | $19,473 |
| NAOMI EMMETT | CHIEF FINANCIAL OFFICER/CHIEF BUSINESS OFFICER Officer | 40 | $173,506 | $17,813 |
| DAVID BIRCH | SCIENTIFIC DIRECTOR Key employee | 30 | $160,429 | $17,868 |
| NATALIE GILBERT | FINANCE DIRECTOR Highest-paid employee | 40 | $132,334 | $16,492 |
| CINDY BAILLIE | OPERATIONS MANAGER Highest-paid employee | 40 | $128,042 | $16,259 |
| SRINIVASA SRIPATHI | LAB DIRECTOR Highest-paid employee | 36 | $121,449 | $15,938 |
| KRISTEN LOCKE | CLINICAL TRIALS MANAGER Highest-paid employee | 40 | $121,242 | $15,894 |
| RAJIV ANAND MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE BODDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX M CENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI DAO MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE DOTTER CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM L HUTTON MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD A MASSMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES H MERRITT MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICKEY MUNIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESE ROURK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SCHAAR PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAND SPENCER MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIA S TOMLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN EISNAUGLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOUIS GRABOWSKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARL CSAKY | CHIEF EXECUTIVE AND MEDICAL OFFICER Officer | 29 | $429,467 | $16,736 |
| DAVID BIRCH | SCIENTIFIC DIRECTOR Key employee | 40 | $310,322 | $24,915 |
| EILEEN BIRCH | PEDIATRIC DIRECTOR Key employee | 40 | $303,475 | $24,573 |
| AMY JOHNSON | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $184,713 | $18,639 |
| NATALIE GILBERT | FINANCE DIRECTOR Officer | 39 | $133,512 | $16,084 |
| CINDY BAILLIE | OPERATIONS MANAGER Highest-paid employee | 40 | $125,926 | $15,704 |
| KIRSTEN LOCKE | CLINICAL TRIALS MANAGER Highest-paid employee | 40 | $114,390 | $15,118 |
| SRINIVASA SRIPATHI | LAB DIRECTOR Highest-paid employee | 36 | $111,178 | $16,769 |
| NAOMI EMMETT | CFO/CBO Officer | 40 | $29,158 | $772 |
| RAJIV ANAND MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE BODDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEHMET CANDAS PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX M CENA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORI DAO MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURIE DOTTER CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REHAM EL-SHERAZI CPA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM L HUTTON MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC H KLEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD A MASSMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES H MERRITT MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICKEY MUNIR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVELYN J PULLIAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THERESE ROURK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SCHAAR PHD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIA S TOMLIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN EISNAUGLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOUIS GRABOWSKY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NANCY ROGERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 824189, DALLAS, TX 75382-4189
- Principal officer (990 for 2025)
- NAOMI EMMETT, PO BOX 824189, DALLAS, TX 753824189
- Signed the 990
- NAOMI EMMETT, CFO & CBO
- Phone
- (214) 363-3911
- Website
- WWW.RETINAFOUNDATION.ORG
- Return prepared by
- WEAVER AND TIDWELL LLP
Mission
THE MISSION OF THE RETINA FOUNDATION OF THE SOUTHWEST IS TO PREVENT VISION LOSS AND RESTORE SIGHT THROUGH INNOVATIVE RESEARCH AND TREATMENT.
Program accomplishments
- STUDIES TO OPTIMIZE VISUAL OUTCOMES FOR CHILDREN WITH CONGENITAL AND EARLY-ONSET EYE CONDITIONS AND ULTIMATELY DEVELOP MORE SUCCESSFUL AND EFFECTIVE METHODS FOR EARLY SCREENING, TREATMENTS, AND ADHERENCE. RESEARCH INTO INNOVATIVE NEW TREATMENTS FOR INHERITED RETINAL DEGENERATIVE DISEASES, SUCH AS RETINITIS PIGMENTOSA. COLLECTING AND MAINTAINING CLINICAL AND GENETIC DATA FOR INDIVIDUALS WITH INHERITED EYE DISEASES. CONDUCT VARIOUS TYPES OF RESEARCH TO BETTER UNDERSTAND AGE-RELATED MACULAR DEGENERATION, DEVELOP WAYS TO SLOW THE PROGRESSION, AND DISCOVER BETTER TREATMENT OPTIONS.Expenses $6,790,768 · grants $350,000
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0151514
- 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
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H410)
- Assets (IRS master file)
- $16,637,262
- Income (IRS master file)
- $11,652,882
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,477,798 | $8,564,087 | $16,637,262 | XML |
| 990 | December 2024 | $8,362,518 | $8,037,674 | $13,662,956 | XML |
| 990 | December 2023 | $7,846,410 | $7,801,201 | $13,241,837 | XML |
| 990 | December 2022 | $5,584,764 | $5,481,987 | $13,298,686 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 51-0151514).
Questions about RETINA FOUNDATION OF THE SOUTHWEST
- What is the EIN of RETINA FOUNDATION OF THE SOUTHWEST?
- The employer identification number (EIN) of RETINA FOUNDATION OF THE SOUTHWEST is 51-0151514.
- Is RETINA FOUNDATION OF THE SOUTHWEST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to RETINA FOUNDATION OF THE SOUTHWEST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RETINA FOUNDATION OF THE SOUTHWEST 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 FOUNDATION OF THE SOUTHWEST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RETINA FOUNDATION OF THE SOUTHWEST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RETINA FOUNDATION OF THE SOUTHWEST?
- The 990 for the year ended December 31, 2025 names NAOMI EMMETT.
- Who are the officers and directors of RETINA FOUNDATION OF THE SOUTHWEST?
- The 990 for the year ended December 31, 2025 lists 27 people; 9 received compensation from the organization, the highest $532,184 (KARL CSAKY, CHIEF EXECUTIVE AND MEDICAL OFFICER).
- How much revenue does RETINA FOUNDATION OF THE SOUTHWEST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,477,798, expenses of $8,564,087 and total assets of $16,637,262 at year end.
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