Brightfocus Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 23-7337229)

Stacy Pagos Haller’s $425K as President/CEO is at the 77th percentile of top reported officer pay among 249 $10–100M 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 · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Stacy Pagos Haller	$424,828	$410,407	$440,796	$435,364	$371,573
Nancy Keach	$270,157	—	—	—	—
R Brian Elderton	$261,323	$253,852	$243,178	$247,200	$233,289
Nancy Lynn	—	$261,148	$250,394	$246,054	$239,870
Jonathan Walsh	$226,786	—	—	—	—
Diane Bovenkamp PHD	$196,242	$190,217	$182,082	$179,717	$174,542
Kaci Baez	—	$172,602	$121,016	—	—
David F Marks CPA Cma	—	$156,941	$166,931	$165,137	$160,472

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.

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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

Funds scientific research to find cures for brain and eye diseases, including Alzheimer's, macular degeneration, and glaucoma.

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3 programs · $40.0M · in their own filed words · FY2020

01

Alzheimer's disease research (adr)please refer to schedule o for a complete description of the accomplishments for alzheimer's disease research.

$22.9Mprogram expense

02

Macular degeneration research (mdr)please refer to schedule o for a complete description of the accomplishments for macular degeneration research.

$11.3Mprogram expense

03

National glaucoma research (NGR) please refer to schedule o for a complete description of the accomplishments for national glaucoma research.

$5.8Mprogram 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

T Rowe Price Program for Charitable Giving INCFY2025$22K

America's CharitiesFY2025$20K

Stacy L and David W Schulz Family FoundationFY2025$4K

Breen Family FoundationFY2025$2K

The Tom H and Anne H Jenkins Charitable TrFY2025$2K

Total grants receivedfrom 5 funders$50K

See all 5 funders →

Grants paid · 313 grants · $69.7M · 2020–2024

The Board of Trustees of the Leland Stanford Junior UniversityCA · FY2024$409,500

University of Oklahoma Health Sciences CenterFY2024$409,500

William Marsh Rice UniversityTX · FY2024$409,500

National Eye Institute NihFY2024$408,701

University of North Carolina at Chapel HillNC · FY2024$300,000

The Ohio State UniversityOH · FY2024$300,000

Icahn School of Medicine at Mount SinaiNY · FY2024$300,000

Research Foundation for the State University of New YorkNY · FY2024$300,000

Washington UniversityMO · FY2024$300,000

Northwestern UniversityIL · FY2024$300,000

The Trustees of Columbia University in the City of New YorkNY · FY2024$300,000

Mass General Brigham IncorporatedMA · FY2024$300,000

The J David Gladstone InstitutesCA · FY2024$300,000

Vanderbilt University Medical CenterTN · FY2024$300,000

University of Kentucky Research FoundationKY · FY2024$300,000

Regents of the University of California at San DiegoCA · FY2024$300,000

University of Washington School of MedicineFY2024$300,000

See all 313 grants →

By the numbers

The FY2021 990, line by line.

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1The main four

Money inPt VIII

$51.2M

Ln 12

Gifts and grantsLn 1h$48.5M

Investment incomeLn 3$1.8M

Other incomeLn 4–11$975K

Money outPt IX

$52.2M

Ln 25

Programscol B$40.0M

Managementcol C$3.8M

Fundraisingcol D$8.4M

Owns and owesPt X

$33.0M

net assets · Ln 32

Cash and savingsLn 1–2$4.5M

Total assetsLn 16$66.5M

LiabilitiesLn 26$33.4M

PeoplePt VI, VII

26

listed · VII A

PaidVII A10

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$48.5M

Government grantsLn 1e$983K

Noncash giftsLn 1g$411K

Investment incomeLn 3$1.8M

Other incomeLn 4–11$975K

Gains on assetsLn 7$904K

Total revenueLn 12$51.2M

Assets in detailPt X, end of year

CashLn 1$3.8M

SavingsLn 2$622K

Cash and savings togetherLn 1–2$4.5M

InvestmentsLn 11–13$43.4M

Land, buildings, equipmentLn 10c$7.8M

Other assetsLn 15$268K

Total assetsLn 16$66.5M

LiabilitiesLn 26$33.4M

Net assetsLn 32$33.0M

OperationsPt I, VI

EmployeesI 561

VolunteersI 671

Fiscal year endsHeaderMarch

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$3.2M	$4.5M
InvestmentsLn 11–13	$33.8M	$43.4M
Land, buildings, equipmentLn 10c	$7.6M	$7.8M
Total assetsLn 16	$54.0M	$66.5M
LiabilitiesLn 26	$28.6M	$33.4M
Net assetsLn 32	$25.4M	$33.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$19.1M	$19.1M
Grants and assistance to foreign recipientsLn 3	$6.2M	$6.2M
Pay of current officers, directors and key staffLn 5	$1.6M	$1.0M	$315K	$248K
Other salaries and wagesLn 7	$3.1M	$1.7M	$1.0M	$439K
Pension plan contributionsLn 8	$182K	$98K	$59K	$25K
Other employee benefitsLn 9	$616K	$332K	$198K	$86K
Payroll taxesLn 10	$285K	$154K	$92K	$40K
Legal feesLn 11b	$145K	$114K	$31K
Accounting feesLn 11c	$93K	$52K	$26K	$14K
Professional fundraising feesLn 11e	$738K			$738K
Investment management feesLn 11f	$294K		$294K
Other fees for servicesLn 11g	$2.2M	$2.0M	$148K	$41K
Advertising and promotionLn 12	$492K	$240K		$252K
Office expensesLn 13	$965K	$442K	$292K	$231K
Information technologyLn 14	$891K	$618K	$195K	$78K
OccupancyLn 16	$434K	$256K	$136K	$41K
TravelLn 17	$699	$30	$436	$233
Conferences, conventions and meetingsLn 19	$227K	$174K	$2K	$51K
InterestLn 20	$13K	$8K	$4K	$2K
Depreciation, depletion and amortizationLn 22	$314K	$183K	$96K	$36K
InsuranceLn 23	$92K	$34K	$51K	$7K
Other expenses (24a–d)Ln 24	$14.2M	$7.3M	$892K	$6.1M
Total functional expensesLn 25	$52.2M	$40.0M	$3.8M	$8.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$63.4M	$53.3M	$10.1M	$37.0M	990 PDF
FY2024	$48.7M	$46.2M	$2.4M	$26.2M	990 PDF
FY2023	$43.9M	$48.5M	−$4.6M	$23.6M	990 PDF
FY2022	$50.8M	$54.1M	−$3.3M	$29.0M	990 PDF
FY2021 Viewing	$51.2M	$52.2M	−$986K	$33.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $51,246,392 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $35,740,875$48,502,473

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $840,873$1,768,676

I-11 Other revenuePrior year $815,078$975,243

I-12 Total revenuePrior year $37,396,826$51,246,392

I-13 Grants and similar amounts paidPrior year $17,853,862$25,256,371

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $5,386,724$5,801,548

I-16a Professional fundraising feesPrior year $743,582$738,435

I-17 Other expensesPrior year $18,867,346$20,436,021

I-18 Total expensesPrior year $42,851,514$52,232,375

I-19 Revenue less expensesPrior year −$5,454,688−$985,983

Part VI · Governance 11 of 11 board members independent, no flags

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

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 $51,246,392 across 10 lines filed

VIII-1a Federated campaigns$180,519

VIII-1e Government grants$982,990

VIII-1f All other contributions, gifts and grants$47,338,964

VIII-1g Noncash contributions (included above)$411,261

VIII-1h Total contributions, gifts and grants$48,502,473

VIII-3 Investment incomeExcluded from tax $864,218$864,218

VIII-5 RoyaltiesExcluded from tax $426,005$426,005

VIII-6 Net rental income or lossExcluded from tax $549,238$549,238

VIII-7 Net gain or loss on sales of assetsExcluded from tax $904,458$904,458

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,743,919$51,246,392

Part IX · Statement of functional expenses $52,232,375 across 22 lines filed

IX-1 Grants to domestic organizationsPrograms $19,052,047$19,052,047

IX-3 Grants and assistance to foreign recipientsPrograms $6,204,324$6,204,324

IX-5 Pay of current officers, directors and key staffPrograms $1,010,636 · Management $314,938 · Fundraising $247,900$1,573,474

IX-7 Other salaries and wagesPrograms $1,695,968 · Management $1,009,978 · Fundraising $438,633$3,144,579

IX-8 Pension plan contributionsPrograms $98,398 · Management $58,597 · Fundraising $25,449$182,444

IX-9 Other employee benefitsPrograms $332,250 · Management $197,860 · Fundraising $85,931$616,041

IX-10 Payroll taxesPrograms $153,715 · Management $91,540 · Fundraising $39,755$285,010

IX-11b Legal feesPrograms $113,992 · Management $31,254$145,246

IX-11c Accounting feesPrograms $52,452 · Management $26,352 · Fundraising $13,951$92,755

IX-11e Professional fundraising feesFundraising $738,435$738,435

IX-11f Investment management feesManagement $293,916$293,916

IX-11g Other fees for servicesPrograms $2,043,561 · Management $147,873 · Fundraising $40,899$2,232,333

IX-12 Advertising and promotionPrograms $239,870 · Fundraising $251,842$491,712

IX-13 Office expensesPrograms $442,423 · Management $292,310 · Fundraising $230,761$965,494

IX-14 Information technologyPrograms $618,392 · Management $194,717 · Fundraising $78,080$891,189

IX-16 OccupancyPrograms $256,408 · Management $136,295 · Fundraising $40,992$433,695

IX-17 TravelPrograms $30 · Management $436 · Fundraising $233$699

IX-19 Conferences, conventions and meetingsPrograms $173,946 · Management $2,444 · Fundraising $50,916$227,306

IX-20 InterestPrograms $7,515 · Management $4,288 · Fundraising $1,653$13,456

IX-22 Depreciation, depletion and amortizationPrograms $183,065 · Management $95,689 · Fundraising $35,625$314,379

IX-23 InsurancePrograms $34,086 · Management $50,986 · Fundraising $7,376$92,448

IX-24 Other expenses (24a–d)Programs $7,285,136 · Management $892,103 · Fundraising $6,064,154$14,241,393

IX-25 Total functional expensesPrograms $39,998,214 · Management $3,841,576 · Fundraising $8,392,585$52,232,375

Part X · Balance sheet $66,476,749 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $2,907,293$3,829,911

X-2 Savings and temporary cash investmentsStart of year $269,981$621,981

X-3 Pledges and grants receivableStart of year $8,906,997$10,272,457

X-8 Inventories for sale or useStart of year $15,836$44,354

X-9 Prepaid expenses and deferred chargesStart of year $89,282$204,913

X-10c Land, buildings and equipment, netStart of year $7,596,856$7,830,979

X-11 Publicly traded securitiesStart of year $33,795,346$43,404,279

X-15 Other assetsStart of year $406,390$267,875

X-16 Total assetsStart of year $53,987,981$66,476,749

X-17 Accounts payable and accrued expensesStart of year $635,145$871,196

X-18 Grants payableStart of year $26,847,392$31,618,962

X-19 Deferred revenueStart of year $39,675$0

X-25 Other liabilitiesStart of year $1,072,605$951,874

X-26 Total liabilitiesStart of year $28,594,817$33,442,032

X-27 Net assets without donor restrictionsStart of year $8,878,593$15,708,243

X-28 Net assets with donor restrictionsStart of year $16,514,571$17,326,474

X-32 Total net assets or fund balancesStart of year $25,393,164$33,034,717

X-33 Total liabilities and net assetsStart of year $53,987,981$66,476,749

Part XI · Reconciliation of net assets $33,034,717 net assets at year end

XI-1 Total revenue$51,246,392

XI-2 Total expenses$52,232,375

XI-3 Revenue less expenses−$985,983

XI-4 Net assets at start of year$25,393,164

XI-5 Net unrealized gains (losses) on investments$8,115,799

XI-9 Other changes in net assets$511,737

XI-10 Net assets at end of year$33,034,717

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Brightfocus Foundation FY2021 filing

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