2025-04-23T14:12:44-07:00 2024-12-31 990 2024-01-01 522322462 THE ARVO FOUNDATION FOR EYE RESEARCH INC ARVO 2402212900 5515 SECURITY LANE SUITE 500 ROCKVILLE MD 20852 Jason P Spessard Chief Operating & Financial Officer 2402212916 2025-04-11 1 2024 2025-03-06 01:10:19Z Jason Spessard 5515 Security Lane Suite 500 Rockville MD 20852 10206070 0 X WWW.ARVOFOUNDATION.ORG X 2001 MD Our mission is to serve as a global catalyst for innovation, workforce development and collaboration in the field of vision research. 10 10 0 50 0 0 1041518 1074219 0 0 1722 647831 -45348 -114845 997892 1607205 678255 683747 0 0 155657 233954 0 0 20418 302170 326406 1136082 1244107 -138190 363098 7780487 8983290 883166 1533038 6897321 7450252 Our mission is to serve as a global catalyst for innovation, workforce development and collaboration in the field of vision research. 0 0 819703 683747 0 AWARDS AND GRANTS: THE ARVO FOUNDATION OFFERS A NUMBER OF AWARDS TO RECOGNIZE EXEMPLARY RESEARCH AND SEVERAL RESEARCH AWARDS AND FELLOWSHIPS THAT SUPPORT NOVEL RESEARCH PROJECTS, WITH AN EMPHASIS ON SUPPORTING SCIENTISTS WHO ARE EARLY IN THEIR CAREER OR FROM AN UNDERREPRESENTED GROUP. 162238 0 0 EVENTS AND INITIATIVES: THE ARVO FOUNDATION ORGANIZES FUNDRAISING EVENTS, AS WELL AS PROGRAMS AND INITIATIVES THAT HELP FURTHER THE CAREERS OF EYE AND VISION RESEARCHERS. OTHER INITIATIVES INCLUDE CAREER DEVELOPMENT PROGRAMS, ADVANCING WOMEN IN SCIENCE, ARVO'S INTERNATIONAL CHAPTER AFFILIATES, THE KEYNOTE SERIES AT THE ARVO ANNUAL MEETING AND SPECIALTY SCIENTIFIC MEETINGS. 0 0 0 981941 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 MD X JASON SPESSARD 2402212916 5515 SECURITY LANE SUITE 500 ROCKVILLE MD 20852 IRIS M RUSH CAE EXECUTIVE DIRECTOR 5 37.5 X 0 347713 34391 JASON SPESSARD CAE CHIEF OPERATING & FINANCIAL OFFICER 5 37.5 X 0 247785 22001 JOEL S SCHUMAN MD FARVO IMMEDIATE PAST CHAIR 1 0 X X 0 0 0 RAFAL FARJO PHD FARVO CHAIR 3 0 X X 0 0 0 ALAN MORSE JD PHD GOVERNOR 1 0 X 0 0 0 EMILY CHEW MD FARVO GOVERNOR 1 0 X 0 0 0 MARY ELIZABETH HARTNETT MD FARVO GOVERNOR 1 0 X 0 0 0 RENU KOWLURU PHD FARVO GOVERNOR 1 0 X 0 0 0 JANEY WIGGS MD PHD FARVO GOVERNOR 1 0 X 0 0 0 THOMAS YORIO PHD FARVO GOVERNOR 1 0 X 0 0 0 BARBARA WIROSTKO MD FARVO GOVERNOR 1 0 X 0 0 0 WILLIAM MIELER MD FARVO FACS GOVERNOR 1 0 X 0 0 0 0 595498 56392 0 0 1 0 0 0 0 196628 0 0 877591 0 1074219 0 242951 242951 0 0 0 0 0 0 0 0 0 0 0 0 8795871 0 8390991 0 404880 0 404880 0 0 404880 93029 196628 207874 -114845 0 -114845 0 1607205 242951 0 290035 235045 235045 144750 144750 303952 303952 0 0 0 0 0 0 0 0 0 0 193830 37584 156073 173 10590 3581 6992 17 17549 3526 14012 11 11985 2612 9361 12 0 0 0 0 0 0 0 0 5118 0 5118 0 0 0 0 0 0 0 25381 0 25381 0 14862 6140 8722 0 146020 144575 935 510 43801 31486 8340 3975 2626 0 686 1940 0 0 0 5708 0 5708 0 660 0 0 660 0 0 0 0 82230 68690 420 13120 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1244107 981941 241748 20418 418552 754381 0 0 22439 23810 0 0 0 0 0 0 0 0 0 0 1940 2057 0 7337556 8203042 0 0 0 0 0 0 0 0 7780487 8983290 382092 371062 0 0 82921 49523 0 0 0 0 0 0 0 0 0 0 418153 1112453 883166 1533038 X 3864424 4429434 3032897 3020818 6897321 7450252 7780487 8983290 363098 132150 57683 0 0 0 X 0 1 X 1 0 X X X 1 ASSOCIATION FOR RESEARCH IN VISION AND OPHTHLMOLOGY INC 340812556 10 1 57683 0 1 57683 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Due to related organization 1112453 1112453 X 1803587 132150 57683 0 0 189833 1613754 25381 -31930 -6549 1607205 1250656 0 0 0 0 0 1250656 25381 -31930 -6549 1244107 Schedule D, Part X, Line 2 The Foundation is exempt from the payment of income taxes on its exempt activities under Section 501(c)(3) of the IRC and has been classified by the IRS as other than a private foundation under Section 509(a)(2). The Organization has analyzed its tax positions taken for filings with the IRS and state taxing authorities. As of December 31, 2023, it believes that the tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on its financial position, changes in its net assets, or cash flows. Schedule D, Part XI, Line 4b SPECIAL EVENT FUNDRAISING EXPENSES =31,930 Schedule D, Part XII, Line 4b SPECIAL EVENT FUNDRAISING EXPENSES =31,930 1 Europe (including Iceland and Greenland) 0 0 Grantmaking RESEARCH AWARDS AND TRAVEL GRANTS 71400 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking RESEARCH AWARDS AND TRAVEL GRANTS 43700 South Asia 0 0 Grantmaking RESEARCH AWARDS AND TRAVEL GRANTS 54928 East Asia and the Pacific 0 0 Grantmaking RESEARCH AWARDS AND TRAVEL GRANTS 85281 Middle East and North Africa 0 0 Grantmaking TRAVEL GRANTS 5500 South America 0 0 Grantmaking RESEARCH AWARDS AND TRAVEL GRANTS 26891 Sub-Saharan Africa 0 0 Grantmaking RESEARCH AWARDS AND TRAVEL GRANTS 16252 0 0 303952 East Asia and the Pacific RESEARCH AWARD 40000 WIRE TRANSFER 0 FMV 2 0 RESEARCH AWARDS Europe (including Iceland and Greenland) 2 6500 WIRE TRANSFER 0 FMV TRAVEL GRANTS Europe (including Iceland and Greenland) 59 64900 WIRE TRANSFER 0 FMV RESEARCH AWARDS North America (including Canada and Mexico, but not the United States) 2 30500 WIRE TRANSFER 0 FMV TRAVEL GRANTS North America (including Canada and Mexico, but not the United States) 12 13200 WIRE TRANSFER 0 FMV RESEARCH AWARDS South Asia 1 30000 WIRE TRANSFER 0 FMV TRAVEL GRANTS South Asia 14 24928 WIRE TRANSFER 0 FMV RESEARCH AWARDS East Asia and the Pacific 5 46750 WIRE TRANSFER 0 FMV TRAVEL GRANTS East Asia and the Pacific 33 38531 WIRE TRANSFER 0 FMV TRAVEL GRANTS Middle East and North Africa 5 5500 WIRE TRANSFER 0 FMV RESEARCH AWARDS South America 3 20500 WIRE TRANSFER 0 FMV TRAVEL GRANTS South America 2 6391 WIRE TRANSFER 0 FMV RESEARCH AWARDS Sub-Saharan Africa 1 10000 WIRE TRANSFER 0 FMV TRAVEL GRANTS Sub-Saharan Africa 2 6252 WIRE TRANSFER 0 FMV 0 0 0 0 0 0 Schedule F, Part I, Line 2 TRAVEL GRANTS ARE AWARDED TO HIGHLY-SCORED ABSTRACT PRESENTERS WHO MEET THE ESTABLISHED CRITERIA SET BY ARVO AND/OR THE DONORS. AFTER ATTENDANCE IS CONFIRMED A PAYMENT IS MADE TO REIMBURSE EACH RECIPIENT FOR THEIR TRAVEL EXPENSES. GRANTS ARE AWARDED IN THE UNITED STATES AND ABROAD TO RECOGNIZE AND RETAIN THE BEST IN VISION RESEARCH. MONITORING THE USE OF THE FUNDS: THERE IS AN OFFICIAL REQUEST AND APPROVAL PROCESS FOR MONITORING GRANT FUNDS. AN INVOICE CONTAINING THE PROGRAM ACCOUNTING CODES IS GENERATED, THE INVOICE IS APPROVED WITHIN THE PROGRAM BUDGET, AND THE SECRETARY/TREASURER APPROVED DISBURSEMENT PAYMENTS. Gala 153128 97328 55800 0 0 6144 79578 9300 34029 WEAVR Luncheon 136529 99300 37229 0 0 5649 37798 0 35376 0 289657 196628 93029 0 0 11793 117376 9300 69405 207874 -114845 1 Northwestern University 633 Clark Street Evanston IL 60208 362167817 501(c)(3) 100000 0 BOOK Research Award Stanford University University Hall Third Floor 485 Broadway Redwood City CA 94063 941156365 50000 0 BOOK Research Award Oregon Health & Science University 3181 Southwest Sam Jackson Park Rd Portland OR 97239 931176109 50000 0 BOOK Research Award 2 1 Research Awards 7 29525 BOOK Travel Grants 193 144750 0 Book Schedule I, Part I, Line 2 TRAVEL GRANTS ARE AWARDED TO HIGHLY-SCORED ABSTRACT PRESENTERS WHO MEET THE ESTABLISHED CRITERIA SET BY ARVO AND/OR THE DONORS. AFTER ATTENDANCE IS CONFIRMED A PAYMENT IS MADE TO REIMBURSE EACH PARTICIPANT FOR THEIR TRAVEL EXPENSES. GRANTS ARE AWARDED IN THE UNITED STATES AND ABROAD TO RECOGNIZE AND RETAIN THE BEST IN VISION RESEARCH. MONITORING THE USE OF THE FUNDS: THERE IS AN OFFICIAL REQUEST AND APPROVAL PROCESS FOR MONITORING GRANT FUNDS. AN INVOICE CONTAINING THE PROGRAM ACCOUNTING CODES IS GENERATED, THE INVOICE IS APPROVED WITHIN THE PROGRAM BUDGET, AND THE EXECUTIVE DIRECTOR APPROVED DISBURSEMENT PAYMENTS. 0 0 0 0 0 0 0 0 0 IRIS M RUSH CAE EXECUTIVE DIRECTOR 0 346713 0 1000 0 0 0 33171 0 1220 0 382104 0 0 JASON SPESSARD CAE CHIEF OPERATING & FINANCIAL OFFICER 0 241785 0 6000 0 0 0 21208 0 793 0 269786 0 0 Schedule J, Part I, Line 3 COMPENSATION IS SET BY THE RELATED ORGANIZATION, ARVO. ARVO'S FINANCE COMMITTEE AND BOARD OF TRUSTEES REVIEW SALARY STRUCTURE PERIODICALLY AGAINST MARKET SURVEYS WITH EACH CATEGORY TO APPROVE OR RECOMMEND ANY ADJUSTMENTS. Form 990, Part VI, Section A, Line 8b No committee exists with authority to act on behalf of the governing body. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Treasurer and Executive Director each year prior to filing. The full board receives access to the 990 for review prior to filing. Form 990, Part VI, Section B, Line 12c The Board of Governors shall disclose any personal or professional interests that might be perceived as impacting upon their duties. This includes, but is not limited to, employment, funding, honoraria, investment or any other vehicle resulting in personal renumeration. ARVO Board of Trustees and senior staff are also subject to this policy. Elected or appointed volunteers who engage in a change of employment setting that creates new or different personal or professional interest from those that were known at the time of their election or appointment shall notify the chair of the board within one week of making such a change. The board member may either stand for a vote of re-affirmation with disclosure of these new interests being made known, or may resign from the position. Form 990, Part VI, Section C, Line 19 The governing documents and audited financial statements are not generally made available to the general public. However, the organization may make documents available upon request. THE ASSOCIATION FOR RESEARCH IN VISION AND OPHTHALMOLOGY INC 5515 SECURITY LANE SUITE 500 ROCKVILLE MD 20852 340812556 ENCOURAGE AND ASSIST RESEARCH AND KNOWLEDGE IN VISION AND OPHTHALMOLOGY MD 501(C)(3) LINE 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 THE ASSOCIATION FOR RESEARCH IN VISION AND OPHTHALMOLOGY INC p 418153 CASH