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Filing year 2023

FOUNDATION FOR VISION RESEARCH

Grand Rapids, Michigan·EIN 81-5141432·NTEE H41 · Medical Research·501(c)(3)
Total revenue
$691k
Total assets
$1.2M
Total expenses
$609k
Reported officers
7
Mission

TO FUND RESEARCH DEVOTED TO THE VISION SCIENCES INCLUDING INVESTIGATION FOR BETTER UNDERSTANDING OF THE CAUSES OF VISION LOSS. TO CONDUCT RESEARCH TO FURTHER UNDERSTAND VISION LOSS AND DEVELOP TREATMENTS TO ADDRESS THOSE CONDITIONS. TO RECEIVE AND ADMINISTER FUNDS AND ASSETS FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES AS SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR ANY CORRESPONDING PROVISION OF ANY SUBSEQUENT FEDERAL TAX LAWS, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER CODE SECTION 501(C)(3). TO CONDUCT EDUCATIONAL EVENTS DIRECTED TO HEALTH CARE PROFESSIONALS AND THE PUBLIC TO BRING ATTENTION TO VISION THREATENING EYE DISEASES AND PROVIDE INFORMATION AS TO POTENTIAL PREVENTATIVE MEASURES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Medical Research organizations nationwide.

President
25th percentile to median
$122k
$135k
Base
$77k
Bonus
Other
Benefits
Executive Di
25th percentile to median
$70k
$78k
Treasurer
25th percentile to median
$60k
$66k
Board Member
Median to 75th percentile
$59k
$65k
Secretary
Secretary (Operational)
25th percentile to median
$57k
$63k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Medical Research

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FOUNDATION FOR VISION RESEARCH equaled 20% of the organization's total expenses. The median for medical research organizations is 10%.

This organization (2023)
20%
Sector median
10%
Middle half of sector
4% to 21%

Based on 1,118 medical research organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 10%
from 2022

From $111k in 2022 to $122k in 2023.

$111k
2022
$122k
2023
In today's dollarsEst.
Up 6% in real terms$127k to $135k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2022 to 2023, while revenue rose 6%.

$111k in 2022 to $122k in 2023.
  • Chief Financial Officer pay held roughly steady from 2022 to 2023.
  • Board Member pay fell 8% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FOUNDATION FOR VISION RESEARCH

What does the Chief Executive Officer of FOUNDATION FOR VISION RESEARCH earn?

In 2023, the Chief Executive Officer of FOUNDATION FOR VISION RESEARCH received $121,803 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Medical Research organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FOUNDATION FOR VISION RESEARCH compare with similar nonprofits?

Compared with the same role at Medical Research organizations nationwide, the 2023 pay of the Chief Executive Officer at FOUNDATION FOR VISION RESEARCH falls between the 25th percentile and the median. In 2023, the highest total compensation at FOUNDATION FOR VISION RESEARCH equaled 20% of the organization's total expenses. The median for medical research organizations is 10%.

What are FOUNDATION FOR VISION RESEARCH's revenue and expenses?

In 2023, FOUNDATION FOR VISION RESEARCH reported $691k in total revenue and $609k in total expenses on its IRS Form 990.

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