2026-09-08T09:27:39-05:00 2025-12-31 750786316 WEAVER AND TIDWELL LLP 2300 N FIELD ST STE 1000 DALLAS TX 75201 990 2025-01-01 510151514 RETINA FOUNDATION OF THE SOUTHWEST RETI 2143633911 PO BOX 824189 DALLAS TX 753824189 NAOMI EMMETT CFO & CBO 2143633911 2026-09-04 1 SARA BURKHART P01435955 9724901970 2025 NAOMI EMMETT PO BOX 824189 DALLAS TX 753824189 11652882 0 X WWW.RETINAFOUNDATION.ORG X 1975 TX THE FOUNDATION WAS ORGANIZED TO PROMOTE THE RESEARCH, DIAGNOSIS, TREATMENT AND EDUCATION OF THE LEADING CAUSES OF BLINDNESS AND IMPAIRED VISION. THE FOUNDATION ALSO STRIVES TO INCREASE THE UNDERSTANDING OF THE NORMAL DEVELOPMENT AND FUNCTION OF THE VISUAL SYSTEM IN ORDER TO PREVENT, DIAGNOSE AND TREAT SIGHT-THREATENING CONDITIONS, AND TO ENHANCE THE REHABILITATION, TRAINING AND QUALITY OF LIFE OF INDIVIDUALS WHO ARE PARTIALLY SIGHTED OR BLIND. 19 19 43 60 0 0 8055288 11211635 0 0 308090 278851 -860 -12688 8362518 11477798 805000 350000 0 0 4661294 5361443 0 0 719899 2571380 2852644 8037674 8564087 324844 2913711 13662956 16637262 1034504 1095099 12628452 15542163 THE MISSION OF THE RETINA FOUNDATION OF THE SOUTHWEST IS TO PREVENT VISION LOSS AND RESTORE SIGHT THROUGH INNOVATIVE RESEARCH AND TREATMENT. 0 0 6790768 350000 STUDIES TO OPTIMIZE VISUAL OUTCOMES FOR CHILDREN WITH CONGENITAL AND EARLY-ONSET EYE CONDITIONS AND ULTIMATELY DEVELOP MORE SUCCESSFUL AND EFFECTIVE METHODS FOR EARLY SCREENING, TREATMENTS, AND ADHERENCE. RESEARCH INTO INNOVATIVE NEW TREATMENTS FOR INHERITED RETINAL DEGENERATIVE DISEASES, SUCH AS RETINITIS PIGMENTOSA. COLLECTING AND MAINTAINING CLINICAL AND GENETIC DATA FOR INDIVIDUALS WITH INHERITED EYE DISEASES. CONDUCT VARIOUS TYPES OF RESEARCH TO BETTER UNDERSTAND AGE-RELATED MACULAR DEGENERATION, DEVELOP WAYS TO SLOW THE PROGRESSION, AND DISCOVER BETTER TREATMENT OPTIONS. 6790768 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 95 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X NAOMI EMMETT 2143633911 PO BOX 824189 DALLAS TX 753824189 RAJIV ANAND MD DIRECTOR 1.00 X 0 0 0 DIANE BODDY DIRECTOR 1.00 X 0 0 0 ALEX M CENA DIRECTOR 1.00 1.00 X 0 0 0 LORI DAO MD DIRECTOR 1.00 X 0 0 0 STEVEN EISNAUGLE DIRECTOR 1.00 X 0 0 0 LOUIS GRABOWSKY DIRECTOR 1.00 X 0 0 0 DEBBIE GRAY DIRECTOR 1.00 X 0 0 0 GRANT HENDERSON DIRECTOR 1.00 X 0 0 0 WILLIAM L HUTTON MD DIRECTOR 1.00 1.00 X 0 0 0 RICHARD A MASSMAN DIRECTOR 1.00 1.00 X 0 0 0 THERESE ROURK DIRECTOR 1.00 X 0 0 0 RICHARD SCHAAR PHD DIRECTOR 1.00 X 0 0 0 RAND SPENCER MD DIRECTOR 1.00 X 0 0 0 TIA S TOMLIN DIRECTOR 1.00 X 0 0 0 MARY MARTHA PICKENS DIRECTOR 1.00 X 0 0 0 WILLAM VOSS DIRECTOR 1.00 X 0 0 0 LAURIE DOTTER CPA CHAIR 1.00 1.00 X X 0 0 0 JAMES H MERRITT MD TREASURER 1.00 X X 0 0 0 KARL CSAKY CHIEF EXECUTIVE AND MEDICAL OFFICER 29.00 1.00 X 532184 0 17737 NAOMI EMMETT CHIEF FINANCIAL OFFICER/CHIEF BUSINESS OFFICER 40.00 X 179783 0 20254 EILEEN BIRCH PEDIATRIC DIRECTOR 40.00 X 327144 0 27612 MARK PENNESI LAB DIRECTOR 30.00 X 429824 0 28765 DAVID BIRCH SCIENTIFIC DIRECTOR 30.00 X 164986 0 19504 NATALIE GILBERT FINANCE DIRECTOR 39.00 1.00 X 140987 0 18314 LUCINDA BAILLIE OPERATIONS MANAGER 40.00 X 129045 0 17717 SRINIVASA SRIPATHI LAB DIRECTOR 36.00 X 144049 0 17967 AMY JOHNSON CHIEF DEVELOPMENT OFFICER 40.00 X 197337 0 21125 2245339 0 188995 13 0 1 0 SUNWEST COMMUNICATIONS INC 4851 LBJ FREEWAY SUITE 1200 DALLAS TX 75244 PUBLIC RELATIONS/MARKETING 233806 TEXAS RETINA ASSOCIATES 9600 N CENTRAL EXPY SUITE 100 DALLAS TX 75231 MEDICAL SERVICES 220420 2 1122153 546220 557422 8985840 11211635 281669 281669 2818 -2818 -2818 -2818 47760 1122153 172266 -124506 -124506 OTHER INCOME 900099 111818 111818 111818 11477798 0 0 266163 350000 350000 1583764 1268816 252952 61996 3024418 2380702 421235 222481 134479 104878 18506 11095 322373 266652 40706 15015 296409 231933 46613 17863 30468 8339 22129 59404 59404 234758 193451 17070 24237 238027 1011 30000 207016 337948 245473 38454 54021 162760 118018 28778 15964 231278 194489 18575 18214 92868 79687 6813 6368 15812 13297 1270 1245 336850 305830 19779 11241 94412 71659 12846 9907 DIRECT PROGRAM EXPENSES 762377 762377 MISCELLANEOUS EXPENSES 110438 64912 18290 27236 LECTURE SERIES 99244 99244 BAD DEBT EXPENSE 37500 30000 7500 8500 8500 8564087 6790768 1053420 719899 88875 65887 7662433 8759991 1804088 3692356 82249 61905 7027799 2970676 4025311 4057123 13662956 16637262 602309 755740 432195 339359 1034504 1095099 X 6606806 7392978 6021646 8149185 12628452 15542163 13662956 16637262 2913711 0 X X 0 1 X 1 0 X 5275882 5596830 7603799 8055288 11211635 37743434 5275882 5596830 7603799 8055288 11211635 37743434 7489809 30253625 1974 70614 322832 312996 281669 990085 33560 32483 32040 75420 111818 285321 39018840 0.77540 0.79150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13223178 449208 2249260 546220 49802 15325624 11732098 1098181 1144372 704719 46754 13223178 9048434 1764989 1354470 386531 49264 11732098 11077911 -1598296 399985 31196 9048434 10397738 1110015 386631 43211 11077911 0.28110 0.53860 0.18030 0 1 1 250000 250000 3457024 1124824 2332200 3320775 1845852 1474923 4057123 X 11655510 10846 10846 11644664 -166866 -166866 11477798 8741799 10846 166866 177712 8564087 0 8564087 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NONPROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAX ON ITS INCOME, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FOLLOWS THE PROVISIONS OF ASC 740-10, INCOME TAXES, RELATED TO UNRECOGNIZED TAX POSITIONS. THE FOUNDATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS RELYING ON ITS TAX-EXEMPT STATUS AND ITS ADHERENCE TO ALL APPLICABLE LAWS AND REGULATIONS TO PRESERVE THAT STATUS. HOWEVER, THE CONCLUSIONS REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES WILL BE SUBJECT TO REVIEW AND MAY BE ADJUSTED AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, ONGOING ANALYSIS OF TAX LAWS, REGULATIONS, AND INTERPRETATIONS THEREOF. THE FOUNDATION'S INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE DUE DATE OR DATE OF FILING. AS A RESULT, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSES FOR FUNDRAISING EVENT -166,866. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FOR FUNDRAISING EVENT 166,866. VISIONARY LUNCHEON 1169913 1122153 47760 5400 63849 103017 1169913 1122153 47760 5400 63849 103017 172266 -124506 0 RFSW ENDOWMENT INC PO BOX 824189 DALLAS TX 753824189 851208107 501(C)(3) 350000 0 GENERAL FUNDING 1 X 1 1 X X X 0 0 0 1 0 0 0 0 0 KARL CSAKY CHIEF EXECUTIVE AND MEDICAL OFFICER 412184 0 120000 0 0 0 17500 0 237 0 549921 0 0 0 MARK PENNESI LAB DIRECTOR 387452 0 42372 0 0 0 17500 0 11265 0 458589 0 0 0 EILEEN BIRCH PEDIATRIC DIRECTOR 327144 0 0 0 0 0 16357 0 11255 0 354756 0 0 0 AMY JOHNSON CHIEF DEVELOPMENT OFFICER 197337 0 0 0 0 0 9867 0 11258 0 218462 0 0 0 NAOMI EMMETT CHIEF FINANCIAL OFFICER/CHIEF BUSINE 179783 0 0 0 0 0 8989 0 11265 0 200037 0 0 0 DAVID BIRCH SCIENTIFIC DIRECTOR 164986 0 0 0 0 0 8249 0 11255 0 184490 0 0 0 SRINIVASA SRIPATHI LAB DIRECTOR 134049 0 10000 0 0 0 6702 0 11265 0 162016 0 0 0 NATALIE GILBERT FINANCE DIRECTOR 140987 0 0 0 0 0 7049 0 11265 0 159301 0 0 0 PART I, LINE 5 THE ORGANIZATION ACCRUED A BONUS TO MARK PENNESI BASED ON CLINICAL TRIAL REVENUES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MEMBERS OF THE FINANCE AND AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE ADDRESSED IN THE BOARD MEETINGS. MEMBERS MUST SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE MEETS EVERY YEAR AND EVALUATES AND APPROVES THE COMPENSATION OF THE KEY EMPLOYEES. A PART OF THIS PROCESS INCLUDES COMPARING THEM TO OTHER INSTITUTIONS LIKE THE RETINA FOUNDATION OF THE SOUTHWEST. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S DOCUMENTS ARE AVAILABLE AT WWW.GUIDESTAR.ORG AND UPON REQUEST. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT IN THE PAST YEAR. 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