Fund for Ophthalmic Knowledge INC

Tax-deductible

New York, NY501(c)(3)Arts & CultureEIN 13-4171637Revenue $70K in FY2024

On file with the IRSfundforophthalmicknowledge.org101 Central Park West, 10023-4250 · New York, NYTax-exempt since Jun 2001Publicly supported charity — 170(b)(1)(A)(vi)

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See statement on schedule o

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $99K a year · 103% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$58K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
+34% vs prior year
Spent
$136K
To programs
96%
Net assets
$719K
By yearFY2020–FY2024
Revenue
$70K
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$74K
FY2021$183K
FY2022$105K
FY2023$52K
FY2024$70K
Expenses
$136K
FY2024▼ -46%
Tap a bar for its year
Expenses by fiscal year
FY2020$197K
FY2021$140K
FY2022$255K
FY2023$253K
FY2024$136K
Net assets
$719K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$866K
FY2023$744K
FY2024$719K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $130K Management & general 4% · $6K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Director & President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director & VP & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fund for Ophthalmic Knowledge 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fund for Ophthalmic Knowledge INC is an arts and culture nonprofit based in New York, NY.

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Provided by the organization

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3 programs · $128K · in their own filed words · FY2024
01

Memorial Sloan-Kettering Cancer Center ("mskcc") ($56,128)

Supported research on eye cancer performed at MSKCC: studies on cell free dna in plasma of retinoblastoma patients, studies of choroidal invasion in retinoblastoma, studies of the use of intraarterial chemotherapy in histiocytosis, studies on efficacy and toxicity of intravitreal topotecan for eye cancer.

$56Kprogram expense
02

Meetings and Educational Support ($53,006)

Travel, lodging, and boarding for MSK attendings, MSK technician, interns and support for scientific meetings.

$53Kprogram expense
03

Fundacion Natali Dafne Flexer ($19,000)

Support clinic & molecular studies of retinoblastoma research under direct of DR. Guillermo chantada, MD. PHD and DR. Paula schaiquevich PHD. This supports retinoblastoma research in argentina and spain including support for lab personnel, attendance at meetings, supplies and publication.

$19Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 5 grants · $629K · 2020–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$70K
Ln 12
Investment incomeLn 3$36K
Gifts and grantsLn 1h$34K
Money outPt IX
$136K
Ln 25
Programscol B$130K
Managementcol C$6K
Owns and owesPt X
$719K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$777K
LiabilitiesLn 26$58K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Investment incomeLn 3$36K
Gains on assetsLn 7$18K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$119K
Cash and savings togetherLn 1–2$119K
InvestmentsLn 11–13$656K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15$0
Total assetsLn 16$777K
LiabilitiesLn 26$58K
Net assetsLn 32$719K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$82K$119K
InvestmentsLn 11–13$730K$656K
Land, buildings, equipmentLn 10c$2K$1K
Total assetsLn 16$815K$777K
LiabilitiesLn 26$71K$58K
Net assetsLn 32$744K$719K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$58K$58K
Grants to domestic individualsLn 2$53K$53K
Grants and assistance to foreign recipientsLn 3$19K$19K
Investment management feesLn 11f$870$870
Office expensesLn 13$2K$2K
Depreciation, depletion and amortizationLn 22$638$638
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$136K$130K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $70K$136K−$66K$719K 990 PDF
FY2023 $52K$253K−$200K$744K 990 PDF
FY2022 $105K$255K−$151K$866K 990 PDF
FY2021 $183K$140K$43K$1.3M 990 PDF
FY2020 $74K$197K−$122K$1.2M 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 FY2024 990 (6 parts)
Part I · Summary $69,628 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,922$33,502
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,218$36,126
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $52,140$69,628
I-13 Grants and similar amounts paidPrior year $247,857$129,934
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,782$5,994
I-18 Total expensesPrior year $252,639$135,928
I-19 Revenue less expensesPrior year −$200,499−$66,300
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $69,628 across 5 lines filed
VIII-1f All other contributions, gifts and grants$33,502
VIII-1h Total contributions, gifts and grants$33,502
VIII-3 Investment incomeExcluded from tax $18,213$18,213
VIII-7 Net gain or loss on sales of assetsExcluded from tax $17,913$17,913
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $36,126$69,628
Part IX · Statement of functional expenses $135,928 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $57,928$57,928
IX-2 Grants to domestic individualsPrograms $53,006$53,006
IX-3 Grants and assistance to foreign recipientsPrograms $19,000$19,000
IX-11f Investment management feesManagement $870$870
IX-13 Office expensesManagement $2,097$2,097
IX-22 Depreciation, depletion and amortizationManagement $638$638
IX-24 Other expenses (24a–d)Management $2,389$2,389
IX-25 Total functional expensesPrograms $129,934 · Management $5,994 · Fundraising $0$135,928
Part X · Balance sheet $776,581 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $82,374$119,234
X-10c Land, buildings and equipment, netStart of year $1,863$1,225
X-12 Other securitiesStart of year $730,478$656,122
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $814,715$776,581
X-25 Other liabilitiesStart of year $70,975$58,079
X-26 Total liabilitiesStart of year $70,975$58,079
X-27 Net assets without donor restrictionsStart of year $743,740$718,502
X-32 Total net assets or fund balancesStart of year $743,740$718,502
X-33 Total liabilities and net assetsStart of year $814,715$776,581
Part XI · Reconciliation of net assets $718,502 net assets at year end
XI-1 Total revenue$69,628
XI-2 Total expenses$135,928
XI-3 Revenue less expenses−$66,300
XI-4 Net assets at start of year$743,740
XI-5 Net unrealized gains (losses) on investments$41,062
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$718,502

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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