Overview
What is Foundation For Vision Research?
The Foundation for Vision Research, based in Grand Rapids, Michigan, is a nonprofit organization dedicated to advancing knowledge in the field of vision sciences. Their primary mission involves funding research to better comprehend the causes of vision loss and develop treatments for related conditions. The foundation also receives and administers funds for charitable, educational, and scientific purposes, as per the Internal Revenue Code. Additionally, they organize educational events for healthcare professionals and the public, aiming to raise awareness about vision-threatening eye diseases and provide information on potential preventive measures. The organization has a workforce of eight individuals committed to this cause.
Official website here: www.fvr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
The Foundation For Vision Research has received a Two-Star rating from Charity Navigator, indicating some areas of concern in its accountability and finance practices. While the organization showcases a strong program expense ratio of 96.55%, demonstrating effective use of funds towards its mission, it falls short in governance metrics such as the independence of board members, which stands at only 33%.
Significant concerns arise from the lack of independent board members and the absence of financial statements. These weaknesses suggest potential transparency issues that could affect donor confidence. However, the foundation has established several strong policies, including a conflict of interest policy and a whistleblower policy, which are positive indicators of organizational governance.
Despite the noted limitations, the Foundation For Vision Research's commitment to its mission is evident through its high program expenses. Strengthening its board independence and improving financial transparency could enhance its overall rating and donor trust in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Vision Research legitimate?
Foundation For Vision Research is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Vision Research submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $54,569
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,148
For more financial information, click here
Official website here: www.fvr.org
What is the mission statement of Foundation For Vision Research?
The Foundation for Vision Research is committed to funding research in the field of vision sciences. Their primary goal is to gain a better understanding of the causes of vision loss. Additionally, they conduct research to further investigate vision loss and develop treatments for related conditions. The organization also receives and administers funds and assets for charitable, educational, and scientific purposes, in accordance with relevant tax laws. They make distributions to exempt organizations under the Internal Revenue Code. Furthermore, the Foundation conducts educational events aimed at healthcare professionals and the public, to raise awareness about vision-threatening eye diseases and provide information on potential preventive measures.
Official website here: www.fvr.org
Who is the CEO of Foundation For Vision Research?
Dr Thomas Aaberg Jr is the Director of Foundation For Vision Research.
Official website here: www.fvr.org
What is the revenue of Foundation For Vision Research?
Foundation For Vision Research's revenue in 2022 was $734,403.
Official website here: www.fvr.org
Who are the executives of Foundation For Vision Research and what are their salaries?
The average compensation at Foundation For Vision Research during 2022 was $32,340. There are 8 employees at Foundation For Vision Research.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $773,932
- Other: $58,844
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $729,136
- Other: $55,763
- Compensation: $0
- Related: $744,500
- Other: $65,822
- Compensation: $0
- Related: $701,165
- Other: $56,534
- Compensation: $54,569
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fvr.org
Where can I find the form 990 for Foundation For Vision Research?
Foundation For Vision Research's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fvr.org
Learn more at the official website: www.fvr.org
Mission Statement of Foundation For Vision Research
The Foundation for Vision Research, as a charitable organization, is dedicated to funding research in the field of vision sciences. Its primary goal is to investigate the causes of vision loss and further understand how to address these conditions. The foundation aims to achieve this by conducting its own research and administering funds and assets for educational and scientific purposes, adhering to the guidelines set forth in Section 501(C)(3) of the Internal Revenue Code.
In addition to research, the Foundation for Vision Research also focuses on education. It organizes events directed towards healthcare professionals and the public, aiming to raise awareness about vision-threatening eye diseases and provide information on potential preventative measures. By doing so, the foundation aims to contribute to the broader understanding and prevention of vision loss. The organization's activities are aligned with its mission to improve vision health and promote research in the vision sciences.
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Impact
July, 2024
Foundation For Vision Research's impact lies in funding research dedicated to the vision sciences, focusing on gaining a better understanding of the causes of vision loss and developing effective treatments for such conditions. By conducting research and educational events, they raise awareness among healthcare professionals and the public about vision-threatening diseases, advocating for preventive measures. Their ongoing efforts support advancements in vision research that have the potential to improve the lives of many affected by vision loss.
This information is meant to be a general summary of Foundation For Vision Research. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,316
- Program Service Revenue: $721,531
- Gross Receipts: $734,403
Assets and Liabilities:
- Total Assets: $1,019,038
- Total Liabilities: $2,466
- Net Assets: $1,016,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDY INCOME
Revenue
$721,531
Organization Details
Founding Year
2016
Phone
(616) 954-2020Principal Officer
Dr Thomas Aaberg Jr
Main Address
5030 CASCADE ROAD SE, GRAND RAPIDS, MI, 495463725
Website
www.fvr.orgNTEE Category
Code: H41 - Medical research
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