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CORNEA RESEARCH FOUNDATION OF AMERICA INC Organization Name provided in the GuideStar Exchange* as of 08/25/2014: CORNEA RESEARCH FOUNDATION OF AMERICA INC

Organization Name as listed in the IRS Business Master File as of 08/11/2014: CORNEA RESEARCH FOUNDATION OF AMERICA INC

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AKA  Cornea Research Foundation of America
Indianapolis, IN

GuideStar Summary

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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2013, 2012, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is available
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Basic Organization Information

CORNEA RESEARCH FOUNDATION OF AMERICA INC Organization Name provided in the GuideStar Exchange* as of 08/25/2014: CORNEA RESEARCH FOUNDATION OF AMERICA INC

Organization Name as listed in the IRS Business Master File as of 08/11/2014: CORNEA RESEARCH FOUNDATION OF AMERICA INC

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: Cornea Research Foundation of America
Physical Address: Indianapolis, IN 46260 
EIN: 31-1243592
Web URL: www.cornea.org 
Video URL(s): CRFA PSA
Fuchs' dystrophy patient story
Fuchs' dystrophy patient story - DMEK cornea transplant
NTEE Category: H Medical Research
H41 Eye
U Science and Technology Research Institutes
U05 Research Institutes and/or Public Policy Analysis
P Human Services
P05 Research Institutes and/or Public Policy Analysis
Year Founded: 1988 
Ruling Year: 1993 


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Mission Statement

We are a globally focused not for profit clinical research and educational organization located in Indianapolis, Indiana. Our vision is to serve as a world-class research and educational organization dedicated to the preservation and restoration of vision. “We give people back the use of their eyes.”

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

Institutional funders should note that an organization’s inclusion on GuideStar.org does not satisfy IRS Rev. Proc. 2011-33 for identifying supporting organizations.

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Annual Revenue & Expenses

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August 2014)

Fiscal Year Starting: July 1, 2012
Fiscal Year Ending: June 30, 2013

Total Revenue $637,031
Total Expenses $557,348

Revenue & Expenses

(GuideStar Exchange,
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August 2014)

Fiscal Year Starting: July 1, 2012
Fiscal Year Ending: June 30, 2013

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Balance Sheet (IRS Form 990)

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Leadership

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August 2014)

Dr. Marianne Price

Profile:

Dr. Marianne Price joined the Cornea Research Foundation of America in 2002 as Executive Director. She directs the research and education programs of the Foundation, overseeing finances and supervising the daily activities of four professional staff members. Dr. Price and her spouse, Francis W. Price, Jr. M.D., jointly publish an average of seven articles annually in peer-reviewed clinical research journals and conduct a minimum of 12 research studies annually. A respected scientist, Dr. Price was previously employed as a project manager and senior project engineer for Union Carbide. She is a sought after speaker and published author, a member of the American Academy of Ophthalmology, the Association for Research in Vision and Ophthalmology, the American Society of Cataract & Refractive Surgery, and Ophthalmic Women Leaders. She also serves on the Board of Directors of Prevent Blindness Indiana and on the Research Committee of the Eye Bank Association of America. Marianne Price, Ph.D. holds a Bachelor’s degree in Engineering Science from Notre Dame, and both an MBA in Finance and a doctorate in Medical and Molecular Genetics from Indiana University.

Board Chair

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Board Co-Chair

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Board of Directors (GuideStar Exchange,
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August 2014)

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Board Leadership Practices (GuideStar Exchange,
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August 2014)
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Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Yes
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Yes
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Yes
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Yes
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Yes

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

Highest Paid Employee data is not available for this organization.

People information was last updated by the nonprofit in August 2014

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Programs

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August 2014)

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Impact Summary from the Nonprofit

Here are just a few of the many ways in which CRFA has made an impact: Successfully helped to pioneer a new cornea transplant method called endothelial keratoplasty (EK, DSEK, and DMEK). These methods dramatically improve outcomes for patients in terms of surgical healing time, optimizing visual recovery and reducing transplant rejection rates from 20 percent to less than 1 percent. Provide education to eye care professionals through the training of more than 600 ophthalmic surgeons from over 30 countries on cutting-edge techniques to treat conditions such as Fuchs’ dystrophy, keratoconus, cataracts, and glaucoma. Provided thousands of hours of continuing education to optometrists throughout the Midwest on how to identify and treat conditions and when to refer patients to specialists. Published more than 150 peer-reviewed articles and book chapters sharing key study results with eye surgeons around the globe. Played a key role in a number of research studies that have resulted in the approval and usage of modern medications and devices for the treatment of cataracts, glaucoma, refractive errors (LASIK vision correction) and much more!

Reviews

Organization Data Available

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