Vision Research Institute in Lowell, Massachusetts (MA)

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Vision Research Institute
Employer Identification Number (EIN)043292597
Name of OrganizationVision Research Institute
In Care of NameDr Ram L P Vimal
Address25 Rita St, Lowell, MA 01854-2227
ActivitiesScientific research for government
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$10,000 to $24,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$7,488
Amount of Income$22,080
Form 990 Revenue Amount$15,276
National Taxonomy of Exempt Entities (NTEE)Medical Research: Eye Research
User's rating
*****


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Amount of income in 2013: $22,080 (it was $19,396 in 2012)
This organization: 

 $22,080
Other organizations performing similar types of work: 

 $171,873

Assets in 2013: $7,488 (it was $6,851 in 2012)
Vision Research Institute: 

 $7,488
Other organizations performing similar types of work: 

 $973,256

Expenses in 2012: $19,390
This organization: 

 $19,390
Other organizations performing similar types of work: 

 $402,085

Income to expenses ratio in 2012: 1.1
Vision Research Institute: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 77.1%

Financial snapshot ($)

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$19,396$0$0
Contributions, gifts, grants, etc., received$19,396
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$19,390$0$0$17,351
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$19,390$0$17,351
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$6
Net investment income$0
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$6,851$6,851
Cash - non-interest-bearing$51
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$6,800
Total liabilities$0
Total liabilities and net assets/fund balances$6,851
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?Yes
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$6,800
Net value of noncharitable-use assets$6,680
Minimum investment return$334
Distributable Amount (for 2012)
Distributable amount$0
Undistributed Income (for 2012)
Distributable amount for 2012$0
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$1$0$0$37$37
Qualifying distributions made directly for active conduct of exempt activities$17,351$13,428$9,544$3,444$43,767
Value of all assets$6,851$10,245$13,572$0$30,669
Value of assets qualifying under section 4942(j)(3)(B)(i)$17,351$13,428$9,544$3,444$43,767
2/3 of minimum investment return$223$334$446$2$1,007
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$19,396$15,276$10,839$3,530$49,042
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0

Ratings Summary

Based on 1 vote

Overall Rating:
*****
5.0
Ratings in categories:
Program:
*****
5.0
Fundraising:
*****
5.0
Expenses:
*****
5.0
Transparency:
*****
5.0

1 User Review:

Timothy

Added on Oct 6, 2016 8:29 AM
Program:
*****
Fundraising:
*****
Expenses:
*****
Transparency:
*****
Would you recommend Vision Research Institute to others? Yes
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Dean Mcgee Eye Institute608 Stanton L Young Blvd, Oklahoma City, OK 73104-5014OK1973-05$35,714,664
2Glaucoma Research Foundation251 Post St Ste 600, San Francisco, CA 94108-5017CA1978-07$4,272,938
3Arthritis National Research Foundation200 Oceangate Ste 830, Long Beach, CA 90802-4352CA1973-04$2,399,194
4Kentucky Lions Eye Research Professorship Trust301 E Muhammad Ali Blvd, Louisville, KY 40202-1511KY1986-04$2,238,797
5American Association For Pediatric Ophthalmology & Strabismus655 Beach Street, San Francisco, CA 94109-1342CA1975-07$1,903,891
6Visual Studies Workshop Inc31 Prince St, Rochester, NY 14607-1405NY1994-10$503,244
7Benign Essential Blepharospasm Research Foundation IncPO BOX 12468, Beaumont, TX 77726-2468TX1981-11$275,714
8Center For Eye Research Inc50 Staniford Street, Boston, MA 02114-2517MA1988-03$171,873
9Ohio Lions Eye Research Foundation107 E Main St Ste 4, Ashland, OH 44805-2338OH1957-03$120,792
10American Ophthlmological Society Ch Aritable Educationa & Scientific655 Beach Street, San Francisco, CA 94109-1342CA1997-09$101,985
11Ear FoundationPO BOX 330867, Nashville, TN 37203-7506TN1996-04$98,512
12Christian Ophthalmology Society Inc159 E 2nd St, Chillicothe, OH 45601-2526OH1984-03$69,034
13Vision Research Institute25 Rita St, Lowell, MA 01854-2227MA1998-09$22,080
14Cataract Research InstituteDelaware County Medical Center Ste, Broomall, PA 19008PA1979-02$12,750
15The Eye Research InstitutePO BOX 53429, Philadelphia, PA 19105-3429PA1971-03$6,110
16C O R N E A Inc6950 Sw Hampton St Ste 150, Portland, OR 97223OR1996-05$0
17Cataract And Retina Teaching Foundation Inc1445 Nw 2nd Ave, Boca Raton, FL 33432-1610FL1992-04$0
18Forum For Military Applications Of Directed Energy1527 Chandler Rd Se, Huntsville, AL 35801-1475AL1989-09$0
19International Society For Contact Lens Research2820 Napoleon Ave Ste 750, New Orleans, LA 70115-6985LA1986-12$0
20Retina Associates Foundation39 Cross St Ste 106a, Peabody, MA 01960-1628MA1998-09$0
Number of organizations performing similar types of work
Alabama1
California5
Florida1
Kentucky1
Louisiana1
Massachusetts3
New York1
Ohio2
Oklahoma1
Oregon1
Pennsylvania2
Tennessee1
Texas1
Total21

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