Vitreoretinal Surgery Foundation FY2023 filing

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The Vitreoretinal Surgery Foundation strives to promote education and research related to retinal and macular diseases. We support research by funding awards for young investigators with a potential for a career devoted to retinal disease and research. We promote professional education by sponsoring courses designed for medical professionals including ophthalmologists, optometrists, residents, fellows, technicians and students. We promote community outreach education by raising awareness of retinal diseases, treatment options, and available resources.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2122813) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $93K a year · 38% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
46.7 mo
of spending, in cash
46.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $170K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$71K
7% of total assets
Liabilities are 7% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$234K
+35% vs prior year
Spent
$157K
To programs
90%
Net assets
$898K
By yearFY2020–FY2025
Revenue
$234K
FY2023▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$240K
FY2021$199K
FY2022$173K
FY2023$234K
FY2024$269K
FY2025$347K
Expenses
$157K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$113K
FY2021$108K
FY2022$145K
FY2023$157K
FY2024$177K
FY2025$205K
Net assets
$898K
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$682K
FY2021$803K
FY2022$771K
FY2023$898K
FY2024$1.0M
FY2025$1.3M

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

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 Apr 2005.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $142K Management & general 10% · $15K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vitreoretinal Surgery Foundation executive salaries →

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 15aNo

Programs and updates

Educates about retinal diseases and supports research to find cures.

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3 programs · $142K · in their own filed words · FY2023
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.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2122813) · Dispute this line
$101Kprogram 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 27 years. The target audience is practicing ophthalmologists and optometrists in the upper midwest.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2122813) · Dispute this line
$40Kprogram expense
03

VRSF has sponsored the primary retinal detachment outcomes (pro) study. This research project was begun in 2016 under the direction of DR edwin ryan, its principal investigator. It has been funded by a grant from the allina foundation, minneapolis MN, to the VRSF.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-2122813) · Dispute this line
$1Kprogram 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 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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$44K
Investment incomeLn 3$14K
Money outPt IX
$157K
Ln 25
Programscol B$142K
Managementcol C$15K
Owns and owesPt X
$898K
net assets · Ln 32
Cash and savingsLn 1–2$612K
Total assetsLn 16$969K
LiabilitiesLn 26$71K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$44K
Investment incomeLn 3$14K
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$269K
SavingsLn 2$343K
Cash and savings togetherLn 1–2$612K
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$5K
InvestmentsLn 11–13$346K
Total assetsLn 16$969K
LiabilitiesLn 26$71K
Net assetsLn 32$898K
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 FY23End FY23
Cash and savingsLn 1–2$538K$612K
InvestmentsLn 11–13$287K$346K
Land, buildings, equipmentLn 10c$8K$5K
Total assetsLn 16$835K$969K
LiabilitiesLn 26$65K$71K
Net assetsLn 32$771K$898K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$91K$91K
Grants to domestic individualsLn 2$11K$11K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$165$165
Office expensesLn 13$2K$2K
Conferences, conventions and meetingsLn 19$42K$38K$4K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$3K$2K$637
Total functional expensesLn 25$157K$142K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 18, 2026 $347K$205K$142K$1.3M 990 PDF
FY2024Filed with the IRS May 27, 2025 $269K$177K$92K$1.0M 990 PDF
FY2023 ViewingFiled with the IRS Jul 24, 2024 $234K$157K$77K$898K 990 PDF
FY2022Filed with the IRS Jun 16, 2023 $173K$145K$28K$771K 990 PDF
FY2021Filed with the IRS May 25, 2022 $199K$108K$91K$803K 990 PDF
FY2020Filed with the IRS Aug 26, 2021 $240K$113K$127K$682K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $234,372 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,420$176,476
I-9 Program service revenuePrior year $38,275$44,275
I-10 Investment incomePrior year $6,358$13,621
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $173,053$234,372
I-13 Grants and similar amounts paidPrior year $96,488$102,019
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 $48,687$55,191
I-18 Total expensesPrior year $145,175$157,210
I-19 Revenue less expensesPrior year $27,878$77,162
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $234,372 across 5 lines filed
VIII-1f All other contributions, gifts and grants$176,476
VIII-1h Total contributions, gifts and grants$176,476
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,275$44,275
VIII-3 Investment incomeExcluded from tax $13,621$13,621
VIII-12 Total revenueRelated to mission $44,275 · Unrelated business $0 · Excluded from tax $13,621$234,372
Part IX · Statement of functional expenses $157,210 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $91,285$91,285
IX-2 Grants to domestic individualsPrograms $10,734$10,734
IX-11c Accounting feesManagement $5,460$5,460
IX-12 Advertising and promotionManagement $165$165
IX-13 Office expensesManagement $2,288$2,288
IX-19 Conferences, conventions and meetingsPrograms $37,873 · Management $3,858$41,731
IX-22 Depreciation, depletion and amortizationManagement $2,600$2,600
IX-24 Other expenses (24a–d)Programs $2,310 · Management $637$2,947
IX-25 Total functional expensesPrograms $142,202 · Management $15,008 · Fundraising $0$157,210
Part X · Balance sheet $969,388 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $538,168$268,793
X-2 Savings and temporary cash investments$342,917
X-9 Prepaid expenses and deferred chargesStart of year $2,310$6,060
X-10c Land, buildings and equipment, netStart of year $7,800$5,200
X-11 Publicly traded securitiesStart of year $287,196$346,418
X-16 Total assetsStart of year $835,474$969,388
X-18 Grants payableStart of year $40,000$46,000
X-19 Deferred revenueStart of year $24,600$24,925
X-26 Total liabilitiesStart of year $64,600$70,925
X-27 Net assets without donor restrictionsStart of year $770,874$898,463
X-32 Total net assets or fund balancesStart of year $770,874$898,463
X-33 Total liabilities and net assetsStart of year $835,474$969,388
Part XI · Reconciliation of net assets $898,463 net assets at year end
XI-1 Total revenue$234,372
XI-2 Total expenses$157,210
XI-3 Revenue less expenses$77,162
XI-4 Net assets at start of year$770,874
XI-5 Net unrealized gains (losses) on investments$50,427
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$898,463

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

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