The Glaucoma Foundation INC FY2023 filing

Tax-deductible

New York, NY501(c)(3)Since 1984Diseases & DisordersEIN 13-3174839Revenue $4.8M in FY2023

On file with the IRSglaucomafoundation.org80 Maiden Ln Rm 700, 10038-4965 · New York, NYTax-exempt since Jul 1985Publicly supported charity — 170(b)(1)(A)(vi)

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The Glaucoma Foundation, INC. Is an international not-for-profit organization dedicated to eradicating Glaucoma, the leading cause of preventable blindness. The strategy to achieve this goal is two-fold: raise public awareness concerning the necessity of routine eye exams, and fund critical research to find cures for Glaucoma.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$598K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.6M a year · 38% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$598K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $4K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$710K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+63% vs prior year
Spent
$2.9M
To programs
80%
Net assets
$13.2M
By yearFY2020–FY2025
Revenue
$4.8M
FY2023▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$4.3M
FY2022$2.9M
FY2023$4.8M
FY2024$4.5M
FY2025$6.0M
Expenses
$2.9M
FY2023▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$2.5M
FY2022$2.2M
FY2023$2.9M
FY2024$3.1M
FY2025$3.1M
Net assets
$13.2M
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$12.4M
FY2022$11.8M
FY2023$13.2M
FY2024$16.2M
FY2025$19.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.3M Management & general 10% · $296K Fundraising 10% · $292K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $598K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$350,733Pt VII · Sec A
Director of Special Project
$132,623Pt VII · Sec A
Controller & Treasurer
$114,690Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elena Sturman’s $422K as President & is at the 98th percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Elena Sturman$421,776$383,853$350,733$376,001$347,688$324,799
Elena Cly Fowkes$143,934$137,633$132,623———
Cly Fowkes———$131,902$129,282$134,048
Andrea Steele$120,294$103,172————
Nilda Richards——$114,690$98,171$95,333$99,307

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Glaucoma Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Eradicating glaucoma, the leading cause of preventable blindness.

Provided by the organization

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2 programs · $2.3M · in their own filed words · FY2023
01

See Schedule Omedical Research

1) genetic predisposition and ophthalmic OUTCOMES;2) optic nerve REGENERATION;3) using artificial intelligence to reveal blood pressure's role in glaucoma PROGRESSION;4) ee-purposing an "old" drug for a new indication: elucidating the peripheral and central effects of glucagon-like peptide 1 receptor agonists to treat glaucoma; 5) search…

$1.5Mprogram expense
02

See Schedule Oeducation

1) multiple webinars: what do cold hands have to do with glaucoma? The promise of optic nerve regeneration;the body-eye relationship how to save the sight of patients with glaucoma while minimizing adverse reaction from eye drops;insights into glaucoma & women's health: exploring the impact of menopause and visual function;glaucoma and…

$764Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Grants paid · 38 grants · $3.7M · 2020–2025
See all 38 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.8M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$2.1M
Money outPt IX
$2.9M
Ln 25
Programscol B$2.3M
Managementcol C$296K
Fundraisingcol D$292K
Owns and owesPt X
$13.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$13.9M
LiabilitiesLn 26$710K
PeoplePt VI, VII
27
listed · VII A
PaidVII A3
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$2.1M
Gains on assetsLn 7$1.7M
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$555K
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$8.7M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$117K
Total assetsLn 16$13.9M
LiabilitiesLn 26$710K
Net assetsLn 32$13.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3.4M$4.7M
InvestmentsLn 11–13$8.6M$8.7M
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$12.3M$13.9M
LiabilitiesLn 26$554K$710K
Net assetsLn 32$11.8M$13.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$650K$650K
Grants and assistance to foreign recipientsLn 3$350K$350K
Pay of current officers, directors and key staffLn 5$514K$360K$60K$95K
Other salaries and wagesLn 7$309K$261K$23K$25K
Pension plan contributionsLn 8$9K$8K$688$754
Other employee benefitsLn 9$51K$41K$2K$8K
Payroll taxesLn 10$49K$37K$5K$7K
Professional fundraising feesLn 11e$31K$31K
Investment management feesLn 11f$124K$124K
Other fees for servicesLn 11g$86K$31K$55K
Office expensesLn 13$42K$32K$4K$6K
OccupancyLn 16$94K$71K$9K$14K
TravelLn 17$32K$32K
Conferences, conventions and meetingsLn 19$156K$156K
Depreciation, depletion and amortizationLn 22$2K$2K$206$312
InsuranceLn 23$8K$6K$731$1K
Other expenses (24a–d)Ln 24$371K$254K$13K$104K
Total functional expensesLn 25$2.9M$2.3M$296K$292K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.0M$3.1M$2.9M$19.3M 990 PDF
FY2024 $4.5M$3.1M$1.5M$16.2M 990 PDF
FY2023 Viewing $4.8M$2.9M$1.9M$13.2M 990 PDF
FY2022 $2.9M$2.2M$728K$11.8M 990 PDF
FY2021 $4.3M$2.5M$1.8M$12.4M 990 PDF
FY2020 $2.4M$1.8M$608K$9.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $4,763,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,557,425$2,676,417
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $325,797$2,086,669
I-11 Other revenuePrior year $30,000$0
I-12 Total revenuePrior year $2,913,222$4,763,086
I-13 Grants and similar amounts paidPrior year $445,000$999,750
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $938,742$932,746
I-16a Professional fundraising feesPrior year $30,000$30,875
I-17 Other expensesPrior year $770,999$914,976
I-18 Total expensesPrior year $2,184,741$2,878,347
I-19 Revenue less expensesPrior year $728,481$1,884,739
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,763,086 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,676,417
VIII-1h Total contributions, gifts and grants$2,676,417
VIII-3 Investment incomeExcluded from tax $386,991$386,991
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,699,678$1,699,678
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,086,669$4,763,086
Part IX · Statement of functional expenses $2,878,347 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $649,750$649,750
IX-3 Grants and assistance to foreign recipientsPrograms $350,000$350,000
IX-5 Pay of current officers, directors and key staffPrograms $359,919 · Management $59,642 · Fundraising $94,609$514,170
IX-7 Other salaries and wagesPrograms $261,097 · Management $23,008 · Fundraising $25,299$309,404
IX-8 Pension plan contributionsPrograms $7,812 · Management $688 · Fundraising $754$9,254
IX-9 Other employee benefitsPrograms $40,820 · Management $2,282 · Fundraising $8,187$51,289
IX-10 Payroll taxesPrograms $36,832 · Management $4,710 · Fundraising $7,087$48,629
IX-11e Professional fundraising feesFundraising $30,875$30,875
IX-11f Investment management feesManagement $123,984$123,984
IX-11g Other fees for servicesPrograms $30,875 · Management $55,088$85,963
IX-13 Office expensesPrograms $31,814 · Management $4,070 · Fundraising $6,121$42,005
IX-16 OccupancyPrograms $71,377 · Management $9,127 · Fundraising $13,734$94,238
IX-17 TravelPrograms $32,317$32,317
IX-19 Conferences, conventions and meetingsPrograms $156,190$156,190
IX-22 Depreciation, depletion and amortizationPrograms $1,618 · Management $206 · Fundraising $312$2,136
IX-23 InsurancePrograms $5,713 · Management $731 · Fundraising $1,099$7,543
IX-24 Other expenses (24a–d)Programs $253,530 · Management $12,698 · Fundraising $104,372$370,600
IX-25 Total functional expensesPrograms $2,289,664 · Management $296,234 · Fundraising $292,449$2,878,347
Part X · Balance sheet $13,946,604 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $831,853$555,152
X-2 Savings and temporary cash investmentsStart of year $2,611,637$4,136,349
X-3 Pledges and grants receivableStart of year $25,000$385,000
X-9 Prepaid expenses and deferred chargesStart of year $48,048$45,714
X-10c Land, buildings and equipment, netStart of year $3,973$1,837
X-11 Publicly traded securitiesStart of year $8,583,863$8,532,604
X-12 Other securities$172,827
X-15 Other assetsStart of year $205,252$117,121
X-16 Total assetsStart of year $12,309,626$13,946,604
X-17 Accounts payable and accrued expensesStart of year $50,382$48,796
X-18 Grants payableStart of year $315,000$564,750
X-25 Other liabilitiesStart of year $188,835$96,427
X-26 Total liabilitiesStart of year $554,217$709,973
X-27 Net assets without donor restrictionsStart of year $7,033,197$7,631,205
X-28 Net assets with donor restrictionsStart of year $4,722,212$5,605,426
X-32 Total net assets or fund balancesStart of year $11,755,409$13,236,631
X-33 Total liabilities and net assetsStart of year $12,309,626$13,946,604
Part XI · Reconciliation of net assets $13,236,631 net assets at year end
XI-1 Total revenue$4,763,086
XI-2 Total expenses$2,878,347
XI-3 Revenue less expenses$1,884,739
XI-4 Net assets at start of year$11,755,409
XI-5 Net unrealized gains (losses) on investments−$403,517
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,236,631

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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