Vitreoretinal Surgery Foundation EIN 41-2122813 Form 990 (PDF) Claim this org

Vitreoretinal Surgery Foundation

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Educates about retinal diseases and supports research to find cures. For fiscal year 2025 it reported $347K in revenue, $205K in expenses, and $1.3M in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Education
Location
Edina, MN
Website
vrsfoundation.us
Filings
6 on file (2020–2025)
Revenue
$347KFY2025
Expenses
$205K
Net assets
$1.3M
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-2122813 Public charity (501(c)(3)) Edina, MN Founded 2003
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates about retinal diseases and supports research to find cures.
Leadership
Herbert Cantrill MD · President
Money in and out
$347K revenue, $205K expenses
Bottom line
93% program efficiency
Where the money goes · FY2025
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$205K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $142K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
82.5mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +20% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$347K
FY2025▲ +29%
Expenses
$205K
FY2025▲ +16%
Total assets
$1.4M
FY2025▲ +23%
Total liabilities
$108K
FY2025▲ +6%
Total revenue
$347K
Pt VIII · Ln 12
Total expenses
$205K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$142K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CVitreoretinal Surgery Foundation
EINHdr · item D41-2122813
Principal addressHdr · item CEdina, MN
WebsiteHdr · item Jvrsfoundation.us
Year of formationHdr · item L2003
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B60)
Ruling yearIRS BMFApr 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $190K of program spending, described in the organization's own filed words · FY2025.
01

Since the founding of the vitreoretinal surgery foundation (VRSF) 2005, we have maintained a robust research program. The goal of the research program has been to support young investigators and encourage them to pursue a career focusing on diseases of the retina.

$147Kprogram expense
02

The VRS foundation sponsors the annual retinal update continuing education conference. This has been the primary educational activity of the VRSF and has occurred annually for the past 30 years. The target audience is practicing ophthalmologists and optometrists in the upper midwest.

$44Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$262K · 75%
Program service revenue$63K · 18%
Investment income$22K · 6%
Contributions & grants75%$262K
Program service revenue18%$63K
Investment income6%$22K
Total revenueLn 12$347K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$190K
Management & general7%$15K
Total functional expensesLn 25$205K

Balance Sheet

Part X · end of year
CashLn 1$467K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$108K
Total net assetsLn 32$1.3M
Months of cash on handcomputed27.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $205K
82.5 months
Where the money goes
Program services
Program services $190K · Total expenses $205K
93%
Management & General
Management & general $15K · Total expenses $205K
7%
Fundraising
Fundraising $0 · Total expenses $205K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $212K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $262K · Total revenue $347K
75%
Government reliance
Government grants — · Total revenue $347K
Earned-income share
Program service revenue $63K · Total revenue $347K
18%
Investment reliance
Investment income $22K · Total revenue $347K
+6%
Program self-sufficiency
Program service revenue $63K · Total expenses $205K
31%
Growth & trend
Revenue growth (YoY)
This year $347K · Prior year $269K
+29%
Revenue CAGR
FY2020 $240K · FY2025 $347K
+8%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $347K · Expenses $205K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.3M · Total assets $1.4M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $943K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
67%
People & payroll
Highest Reported Total Compensation
Individual Herbert Cantrill MD · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $205K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $205K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Revenue growth 29%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$170K
Grants paid · 10 grants · $152K · 2020–2025
Unitemized GrantFY2025$20,294
Unitemized GrantFY2024$18,393
Unitemized GrantFY2023$10,734
Washington UniversityMO · FY2022$22,000
University of Oklahoma Health Sciences CenterFY2022$12,000
Unitemized GrantFY2020$27,005
University of MiamiFL · FY2020$14,000
Washington UniversityMO · FY2020$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$347K revenue · viewing · ⤓ 990 PDF
FY2024$269K revenue · ⤓ 990 PDF
FY2023$234K revenue · ⤓ 990 PDF
FY2022$173K revenue · ⤓ 990 PDF
FY2021$199K revenue · ⤓ 990 PDF
FY2020$240K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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