BrightFocus Foundation meets the 20 Standards for Charity Accountability.
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Year, State Incorporated
1973, DC
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Also Known As
National Glaucoma Research
Macular Degeneration Research
Alzheimer's Disease Research
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Affiliates
American Health Assistance LLC
National Development LLC
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Stated Purpose
"to fund exceptional scientific research worldwide to defeat Alzheimer?s disease, macular degeneration, and glaucoma and provide expert information on these heartbreaking diseases."
BrightFocus Foundation (BFF) works to advance research and public information in Alzheimers disease, age-related macular degeneration, and glaucoma. The organization funds science investigations to better understand and find ways to diagnose, prevent, and treat these diseases. The organization utilizes the web, print publications, email, social media, and television as well as radio public service announcements (PSAs) to distribute information to the public, especially those affected by the disease. BFF also aims to educate people about risk factors, the latest research, treatments, and risk reduction. Some ($6,795,939 or 14%) of BFF's program activities are carried out in conjunction with fundraising appeals.
For the year ended March 31, 2020, BrightFocus Foundation's program expenses were:
Health information services |
$24,532,216 |
Research |
$23,155,165 |
Total Program Expenses: |
$47,687,381 |
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Chief Executive
Stacy Pagos Haller, President and Chief Executive Officer
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Compensation*
$479,498
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Chair of the Board
Patricia Stewart
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Chair's Profession / Business Affiliation
Retired, Financial services
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Board Size
11
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Paid Staff Size
56
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Radio, Cause- related marketing (affinity credit cards, consumer product sales, etc.), Television
BFF incurred joint costs of $14,042,267 for informational materials and activities that included fund raising materials. Of those costs $6,795,939 was allocated to program expenses, $6,326,610 was allocated to fundraising expenses, and $919,718 was allocated to administrative expenses.
Fundraising costs were 23% of related contributions. (Related contributions, which totaled $35,492,453, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on BrightFocus Foundation's audited financial statements - consolidated for the year ended March 31, 2020.
Source of Funds |
Contributions and grants |
$29,868,260 |
Donated goods and services |
$16,266,962 |
Bequests |
$5,652,255 |
Other |
$716,050 |
Rental income, net |
$649,651 |
Special events, net |
($28,062) |
Investment income, net |
($1,819,602) |
Total Income |
$51,305,514 |
- Programs: 81%
- Fundraising: 14%
- Administrative: 5%
Total Income |
$51,305,514 |
Program expenses |
$47,687,381 |
Fundraising expenses |
$8,054,457 |
Administrative expenses |
$3,448,921 |
Other expenses |
$0 |
Total expenses: |
$59,190,759 |
Income in Excess of Expenses |
$-7,885,245 |
Beginning Net Assets |
$33,278,409 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$25,393,164 |
Total Liabilities |
$28,594,817 |
Total Assets |
$53,987,981 |
Note: According to the organization's audited financial statements for the year ended March 31, 2020, BFF reported in-kind PSAs valued at $16,266,962.