Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE SMITH-KETTLEWELL EYE RESEARCH
INSTITUTE
Number and street (or P.O. box number if mail is not delivered to street address)2318 FILLMORE STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN FRANCISCO, CA94115
A Employer identification number

94-6127237
B Telephone number (see instructions)

(415) 345-2000
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$21,638,811J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 4,761,365
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 506,699 506,705 506,699
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,206,091
b Gross sales price for all assets on line 6a 5,054,514
7 Capital gain net income (from Part IV, line 2)... 2,206,091
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,055 -287 9,055
12 Total. Add lines 1 through 11........ 7,483,210 2,712,509 515,754
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 800,351 0 0 800,351
14 Other employee salaries and wages...... 2,676,295 0 0 2,676,295
15 Pension plans, employee benefits....... 1,337,109 0 0 1,337,109
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
50,457 0 0 50,457
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,500 0 0 50,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,250,016 89,460 0 1,160,556
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... 397,975 0 0
20 Occupancy.............. 259,742 0 0 259,742
21 Travel, conferences, and meetings....... 135,746 0 0 135,746
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
767,569 0 0 767,569
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,725,760 89,460 0 7,238,325
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 7,725,760 89,460 0 7,238,325
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -242,550
b Net investment income (if negative, enter -0-) 2,623,049
c Adjusted net income (if negative, enter -0-)... 515,754
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 181,171 118,007 118,007
2 Savings and temporary cash investments......... 588,554 645,702 645,702
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable................. 314,116 369,857 369,857
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 124,832 231,004 231,004
10a Investments—U.S. and state government obligations (attach schedule) 1,487,464 Click to see attachment
List of Attached Documents:
// Content
1,368,907 		1,368,907
b Investments—corporate stock (attach schedule)....... 11,448,772 Click to see attachment
List of Attached Documents:
// Content
12,915,184 		12,915,184
c Investments—corporate bonds (attach schedule)....... 3,081,253 Click to see attachment
List of Attached Documents:
// Content
3,480,095 		3,480,095
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow17,956,993
Less: accumulated depreciation (attach schedule) right arrow15,446,938 2,810,604 Click to see attachment
List of Attached Documents:
// Content
2,510,055 		2,510,055
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,036,766 21,638,811 21,638,811
Liabilities 17 Accounts payable and accrued expenses.......... 707,507 719,718
18 Grants payable.................    
19 Deferred revenue................. 37,325 73,229
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,695 		Click to see attachment
List of Attached Documents:
// Content
210
23 Total liabilities (add lines 17 through 22)......... 748,527 793,157
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 1,270,493 6,135,460
25 Net assets with donor restrictions............ 18,017,746 14,710,194
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 19,288,239 20,845,654
30 Total liabilities and net assets/fund balances (see instructions). 20,036,766 21,638,811
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
19,288,239
2
Enter amount from Part I, line 27a .....................
2
-242,550
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,799,965
4
Add lines 1, 2, and 3 ..........................
4
20,845,654
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,845,654
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b RESIDENTIAL REAL ESTATE P 1972-01-01 2023-08-18
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,679,514   2,654,043 25,471
b 2,375,000 130,891 325,271 2,180,620
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       25,471
b       2,180,620
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,206,091
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 1985-10-24(attach copy of letter if necessary–see instructions) 1 N/A
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.SKI.ORG
14
The books are in care ofright arrowJOHN BRABYN CEO Telephone no.right arrow (415) 345-2000

Located atright arrow2318 FILLMORE STREETSAN FRANCISCOCA ZIP+4right arrow94115
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JOHN BRABYN CEO/EXECUTIVE DIRECTOR
32.00 		279,525 32,200 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
CORAZON DEVIS CHIEF OPERATIONS OFFICER
40.00 		202,925 45,444 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
WILLIAM GOOD SECRETARY/SR SCIENTIST CLINICAL
28.00 		216,642 43,287 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
ARVIND CHANDNA TREASURER/SR SCIENTIST CLINICAL
40.00 		101,259 11,811 0
2319 FILLMORE STREET
SAN FRANCISCO,CA94115
GUNILLA HAEGERSTROM-PORTNOY CHAIRMAN FINANCE COMMITTEE
8.00 		0 0 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
DAVID GUYTON BOARD MEMBER
2.00 		0 0 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
J VERNON ODOM BOARD MEMBER
2.00 		0 0 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
SUSAN DAY SR VICE PRESIDENT
2.00 		0 0 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
FREDERICK JOHN ELSAS BOARD MEMBER
2.00 		0 0 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
JAMES COUGHLAN SENIOR SCIENTIST
40.00 		207,461 45,736 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
STEPHEN J HEINEN SENIOR SCIENTIST
40.00 		190,364 19,619 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
LORA LIKOVA-MINEVA SENIOR SCIENTIST
40.00 		151,876 41,387 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
CHUAN HOU SCIENTIST
40.00 		145,628 40,958 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
BEATRIZ ST JOHN SR. RESEARCH ADMIN
40.00 		149,654 26,449 0
2318 FILLMORE STREET
SAN FRANCISCO,CA94115
Total number of other employees paid over $50,000...................right arrow 18
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
FUSION SECURITY SOLUTIONS IT SECURITY 145,263
1451 101ST AVENUE SE
LAKE STEVENS,WA98258
YOUR PART TIME CONTROLLER ACCOUNTING SERVICES 132,549
PO BOX 7247
PHILADELPHIA,PA191700001
ELIZABETH WARNER FUND RAISING CONSULTANT 64,998
3425 SW COMUS STREET
PORTLAND,OR97219
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 BASIC RESEARCH - BASIC SCIENTIFIC RESEARCH TO INCREASE THE UNDERSTANDING OF NORMAL VISION IN SUPPORT OF VISION DISORDERS. 1,799,110
2 CLINICAL - CLINICAL RESEARCH TO DEVELOP NEW DIAGNOSTIC PROCEDURES AND TREATMENTS FOR VISUAL AND OTHER SENSORY DISORDERS. 1,237,142
3 REHABILITATIVE ENGINEERING RESEARCH CENTER - ENGINEERING RESEARCH TO PRODUCE BETTER TECHNIQUES FOR AID AND REHABILITATION OF THE BLIND AND PARTIALLY SIGHTED. 1,737,510
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
16,300,690
b
Average of monthly cash balances.......................
1b
984,196
c
Fair market value of all other assets (see instructions)................
1c
231,004
d
Total (add lines 1a, b, and c).........................
1d
17,515,890
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
17,515,890
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
262,738
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,253,152
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
862,658
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
7,238,325
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
122,659
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,360,984
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
1966-06-01
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
515,754 513,709 608,499 498,987 2,136,949
b 85% (0.85) of line 2a ......... 438,391 436,653 517,224 424,139 1,816,407
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		7,360,984 6,884,149 6,704,297 7,022,897 27,972,327
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		7,360,984 6,884,149 6,704,297 7,022,897 27,972,327
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		575,105 600,445 731,495 669,051 2,576,096
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 506,699  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,206,091  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCONFERENCE, SYMPOSIUM, LECTURE 		        9,055
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,712,790 9,055
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,721,845
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A CONFERENCE, SYMPOSIUM, LECTURES
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
THE SMITH-KETTLEWELL EYE RESEARCH
INSTITUTE
Employer identification number

94-6127237
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
THE SMITH-KETTLEWELL EYE RESEARCH
INSTITUTE 		Employer identification number
94-6127237
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
GKF HH
 
1348 CEDAR STREET
 
SAN CARLOS, CA94070

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
KEN NAKAYAMA
7701 RICARDO COURT
 
EL CERRITO, CA94530

$ 60,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MAY ELLEN BROWNING MEMORIAL FOUNDATION
 
200 FRANK H OGAWA PLAZA
 
OAKLAND, CA94612

$ 6,707


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
NATIONAL INSTITUTES OF HEALTH
 
7700 WISCONSIN AVENUE SUITE 10104
 
BETHESDA, MD20852

$ 3,727,401


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
ADMINISTRATION FRO COMMUNITY LIVING
 
330 C ST SW
 
WASHINGTON, DC20201

$ 999,397


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
SAN FRANCISCO STATE UNIVERSITY
 
PO BOX 320160
 
SAN FRANCISCO, CA94132

$ 14,067


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE SMITH-KETTLEWELL EYE RESEARCH
INSTITUTE 		Employer identification number

94-6127237
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
THE SMITH-KETTLEWELL EYE RESEARCH
INSTITUTE 		Employer identification number

94-6127237
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 50,500 0 0 50,500

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Name of Bond End of Year Book Value End of Year Fair Market Value
FHLMC FG G08810 11,846 11,846
FHLMC 30YR UMBS SUPER 74,375 74,375
FHLMC 30YR UMBS SUPER 211,773 211,773
FHLMC FG V84335 15,371 15,371
FHLMC FR QB0130 77,399 77,399
FNMA FN CA4358 22,628 22,628
FNMA 30YR UMBS 122,333 122,333
FNMA 30YR UMBS 133,435 133,435
FNMA 30YR UMBS 42,616 42,616
FNMA 30YR UMBS SUPER 138,791 138,791
FNMA FN MA3536 59,701 59,701
FNMA FN MA2833 17,565 17,565
FNMA FN MA3148 28,442 28,442
MORTGAGE BACKED SECURITIES 29,256 29,256
FNMA FN MA3745 16,300 16,300
FNMA FN MA3873 29,172 29,172
FNMA FN MA4238 78,592 78,592
FNMA FN MA4210 120,642 120,642
FNMA 30YR UMBS 96,269 96,269
AT&T INC 38,094 38,094
AT&T INC 39,512 39,512
AMERICAN EXPRESS CO 37,391 37,391
AMERICAN TOWER CORPORATION 66,220 66,220
AMGEN INC 44,396 44,396
ANALOG DEVICES INC 24,729 24,729
ANHEUSER-BUSCH INBEV FIN INC 57,867 57,867
APPLE INC 39,275 39,275
BANK OF AMERICA CORP 78,225 78,225
BOEING CO 37,308 37,308
BOEING CO 70,891 70,891
CIGNA CORP 21,045 21,045
CVS HEALTH CORP 12,795 12,795
CVS HEALTH CORP 54,486 54,486
CAPITAL ONE FINANCIAL CORPORAT 34,738 34,738
CATERPILLAR FINL SERVICE 20,477 20,477
CITIGROUP INC 83,978 83,978
COMCAST CORP 53,087 53,087
COMCAST CORP 25,891 25,891
COMMONWEALTH EDISON CO 74,447 74,447
DISCOVERY COMMUNICATIONS 18,155 18,155
DUKE ENERGY CORP 51,283 51,283
ENBRIDGE INC 33,626 33,626
ENTERGY MISS INC 60,964 60,964
ENTERPRISE PRODUCTS 33,320 33,320
FISERV INC 61,972 61,972
GENERAL MOTORS FINL CO 24,477 24,477
GOLDMAN SACHS GROUP INC/THE 74,957 74,957
HOME DEPOT INC 21,940 21,940
JPMORGAN CHASE & CO 104,611 104,611
LOCKHEED MARTIN CORP 51,067 51,067
MARSH & MCLENNAN COS INC 4,979 4,979
MARVELL TECHNOLOGY INC 14,484 14,484
MICROSOFT CORP 21,271 21,271
MORGAN STANLEY 75,247 75,247
ORACLE CORPORATION 52,337 52,337
PFIZER INVESTMENT ENTER 77,039 77,039
SHELL INTL FIN B V 26,121 26,121
SHIRE ACQ INV IRELAND DA 43,299 43,299
SIMON PROPERTY GROUP LP 50,483 50,483
T-MOBILE USA INC 47,664 47,664
TRUIST FINANCIAL CORP 25,448 25,448
RAYTHEON TECH CORP 29,325 29,325
UNITEDHEALTH GROUP INC 63,711 63,711
VERIZON COMMUNICATIONS INC 46,304 46,304
VISA INC 33,676 33,676
WALMART INC 47,707 47,707
WELLS FARGO & COMPANY 43,270 43,270

TY 2023 InvestmentsCorpStockSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 707,116 707,116
ATLASSIAN CORP PLC-CLASS A TEAM 33,776 33,776
EPAM SYSTEMS INC 12,786 12,786
MERCADOLIBRE INC 28,288 28,288
THOMSON REUTERS CORP 18,278 18,278
AON PLC 23,864 23,864
ARCH CAPITAL GROUP LTD 23,395 23,395
ACCENTURE PLC IRELAND SHS CL A 24,915 24,915
FERGUSON PLC 27,609 27,609
ICON PLC ORD EUR0.06 35,950 35,950
NEW LINDE PLC 19,714 19,714
STERIS PLC 20,006 20,006
UBS GROUP AG SHS 18,571 18,571
ASM INTERNATIONAL NV 26,995 26,995
ASML HOLDING N V N Y REGISTRY 34,818 34,818
FERRARI N V COM 38,581 38,581
ABM INDUSTRIES INC 12,014 12,014
AIR LEASE CORPORATION CL A 20,299 20,299
ALLISON TRANSMISSION HOLDINGS 15,584 15,584
BWX TECHNOLOGIES INC COM 24,400 24,400
BANK OZK 22,324 22,324
BROOKFIELD INFRASTRUCTURE-A 19,722 19,722
BRUNSWICK CORP 22,640 22,640
CRA INTERNATIONAL INC 17,299 17,299
CABLE ONE INC 12,802 12,802
CABOT CORP 19,873 19,873
CASEYS GENERAL STORES INC 22,529 22,529
CHEMED CORPORATION 21,636 21,636
CHESAPEAKE UTILITIES CORP 14,366 14,366
CIVITAS RESOURCES INC 22,292 22,292
COGENT COMMUNICATIONS GROUP INC 18,254 18,254
COHEN & STEERS INC 20,447 20,447
CONCENTRIX CORP 13,062 13,062
ELEMENT SOLUTIONS INC 16,568 16,568
ENCOMPASS HEALTH CORP 24,753 24,753
ENSIGN GROUP INC COM USD0.001 35,683 35,683
EXP REALTY INTERNATIONAL 14,806 14,806
FEDERAL AGRICULTURAL MORTGAGE 26,388 26,388
HAMILTON LANE INC-CLASS A 32,330 32,330
HOME BANCSHARES INC 21,910 21,910
INSPERITY INC 22,506 22,506
INTER PARFUMS INC 26,210 26,210
KFORCE.COM INC 17,295 17,295
KINSALE CAPITAL GROUP INC 18,420 18,420
KULICKE & SOFFA INDUSTRIES 14,665 14,665
LAKELAND FINANCIAL CORP 19,809 19,809
LANDSTAR SYSTEMS INC 15,879 15,879
LEMAITRE VASCULAR INC 17,936 17,936
LITTELFUSE INC 18,729 18,729
MATERION CORPORATION 26,677 26,677
NEXSTAR MEDIA GROUP INC CL A 20,221 20,221
NEXPOINT RESIDENTIAL TRUST INC 12,567 12,567
NORTHERN OIL AND GAS INC 27,543 27,543
CHORD ENERGY CORP 24,436 24,436
PAPA JOHNS INTERNATIONAL INC 17,990 17,990
POWER INTEGRATIONS INC 16,504 16,504
QUAKER HOUGHTON 19,635 19,635
SCHNEIDER NATIONAL INC-CL B 3,868 3,868
SHOE CARNIVAL INC 20,694 20,694
SHUTTERSTOCK INC COM 20,374 20,374
STANDEX INTERNATIONAL CORP 26,133 26,133
TERRENO REALTY CORPORATION 19,804 19,804
TETRA TECH INC NEW 18,195 18,195
TRAVEL + LEISURE CO 14,737 14,737
UFP INDUSTRIES INC 16,698 16,698
UMH PROPERTIES INC 15,826 15,826
U S PHYSICAL THERAPY INC 18,069 18,069
UNIFIRST CORP - MASS 15,547 15,547
UNIVERSAL DISPLAY CORP 29,072 29,072
UTZ BRANDS INC 21,713 21,713
VALMONT INDUSTRIES INC 14,945 14,945
WINGSTOP INC COM 30,533 30,533
PERRIGO COMPANY PLC 18,600 18,600
STVN STEVANATO GROUP SPA 20,304 20,304
AT&T INC 24,079 24,079
ABBVIE INC 33,319 33,319
ADVANCED MICRO DEVICES INC 26,092 26,092
AIR PRODUCTS & CHEMICALS 7,119 7,119
ALBEMARLE CORP 1,734 1,734
ALLIANT ENERGY CORP 4,155 4,155
ALLSTATE CORP 60,611 60,611
ALPHABET INC CLASS C CAPITAL 70,042 70,042
ALPHABET INC CLASS A COMMON 124,743 124,743
AMAZON.COM INC 131,276 131,276
AMERICAN ELECTRIC POWER CO 5,685 5,685
AMERICAN HOMES 4 RENT CL A 5,610 5,610
AMERICAN INTERNATIONAL GROUP 18,428 18,428
AMETEK INC NEW 17,973 17,973
AMPHENOL CORP NEW-CL A 15,464 15,464
ANALOG DEVICES INC 23,033 23,033
APOLLO GLOBAL MANAGEMENT INC 8,853 8,853
APPLE INC 272,045 272,045
APPLIED MATERIALS INC 32,738 32,738
ASHLAND INC 2,361 2,361
ASSURANT INC 16,512 16,512
AUTODESK INC 6,574 6,574
AVANTOR INC 7,557 7,557
AVERY DENNISON CORP 9,502 9,502
BANK OF AMER CORP 33,670 33,670
BARRICK GOLD CORP 3,763 3,763
BIOMARIN PHARMACEUTICAL INC 7,328 7,328
BIOGEN IDEC INC 9,057 9,057
BLACKROCK INC 18,671 18,671
BOEING CO 28,933 28,933
BOOKING HOLDINGS INC 21,283 21,283
BOSTON SCIENTIFIC CORP 28,153 28,153
BRISTOL MYERS SQUIBB CO 13,956 13,956
CDW CORPORATION COM 10,684 10,684
CSX CORP 16,364 16,364
CVS HEALTH CORP 16,661 16,661
CATERPILLAR INC 13,896 13,896
CENTERPOINT ENERGY INC 5,343 5,343
CHENIERE ENERGY INC COM NEW 5,975 5,975
CHEVRON CORPORATION 26,998 26,998
CISCO SYSTEMS INC 18,187 18,187
CITIGROUP INC 14,249 14,249
COLGATE PALMOLIVE CO 17,855 17,855
CONOCOPHILLIPS 14,509 14,509
CONSTELLATION BRANDS INC CL A 14,747 14,747
CONSTELLATION ENERGY CORP COM 4,442 4,442
COOPER COMPANIES INC OLD (THE) 22,328 22,328
CROWDSTRIKE HOLDINGS INC - A 24,000 24,000
CROWN HOLDINGS INC 8,933 8,933
DTE ENERGY CO 4,741 4,741
DT MIDSTREAM INC-W/I 1,151 1,151
DEERE & CO 11,196 11,196
DELTA AIR LINES INC DEL 7,885 7,885
DEXCOM INC 21,716 21,716
DOLLAR TREE INC 31,393 31,393
DOMINION ENERGY INC 4,982 4,982
DRAFTKINGS INC 4,547 4,547
DUKE ENERGY CORPORATION HOLDING 9,219 9,219
EOG RESOURCES INC 11,006 11,006
EQT CORP 6,108 6,108
ECOLAB INC 8,926 8,926
ELECTRONIC ARTS 6,841 6,841
ELEMENT SOLUTIONS INC 6,479 6,479
EMERSON ELECTRIC CO 11,485 11,485
ENDEAVOR GROUP HOLD-CLASS A 35,334 35,334
ENTEGRIS INC 7,908 7,908
ENTERGY CORP NEW 3,744 3,744
EQUIFAX INC 12,612 12,612
EQUITY LIFESTYLE PROPERTIES INC 11,992 11,992
EQUITY RESIDENTIAL TRUST 3,608 3,608
ESAB CORP 7,189 7,189
EXXON MOBIL CORP 40,592 40,592
FEDEX CORP 12,396 12,396
FISERV INC 24,841 24,841
FIRSTENERGY CORP 4,949 4,949
FORTUNE BRANDS HOME & SEC INC 2,513 2,513
FOUR CORNERS PROPERTY TRUST INC 9,639 9,639
FREEPORT MCMORAN COPPER & GOLD 11,068 11,068
GXO LOGISTICS INC 5,566 5,566
GARTNER INC 5,413 5,413
GENERAL MOTORS COMPANY 5,999 5,999
GILEAD SCIENCES INC 14,177 14,177
GOLDMAN SACHS GROUP INC 21,217 21,217
HCA HEALTHCARE INC 12,181 12,181
HOME DEPOT INC 50,250 50,250
HONEYWELL INTL INC 24,746 24,746
HUMANA INC-W/RTS 11,445 11,445
INTERCONTINENTAL EXCHANGE GROUP 32,108 32,108
INTUIT INC 27,501 27,501
INVITATION HOMES INC 5,014 5,014
IQVIA HOLDINGS INC 9,949 9,949
J P MORGAN CHASE & CO 62,087 62,087
JACOBS SOLUTIONS INC 4,932 4,932
JOHNSON & JOHNSON 49,373 49,373
KKR &CO INC 11,682 11,682
KENVUE INC 6,394 6,394
KEURIG DR PEPPER INC 17,360 17,360
KRATOS DEFENSE & SEC SOLUTIONS 3,186 3,186
LAM RESEARCH CORP 18,798 18,798
LAMB WESTON HOLDING INC 16,538 16,538
LAS VEGAS SANDS CORP 17,273 17,273
ESTEE LAUDER COMPANIES CL A 4,973 4,973
LENNAR CORP CL A 12,370 12,370
ELI LILLY & CO 51,297 51,297
MARRIOTT INTERNATIONAL INC NEW 9,697 9,697
MARTIN MARIETTA MATERIALS INC 8,481 8,481
MARVELL TECHNOLOGY INC 9,288 9,288
MATCH GROUP INC 7,045 7,045
MCDONALDS CORP 33,802 33,802
MCKESSON CORP 8,797 8,797
SOHO HOUSE & CO INC 6,864 6,864
METLIFE INC 8,068 8,068
MICROSOFT CORP 257,587 257,587
MOBILEYE GLOBAL INC-A 8,274 8,274
MODERNA INC 5,171 5,171
MONDELEZ INTERNATIONAL INC COM 21,657 21,657
MOODYS CORP 9,373 9,373
MOTOROLA SOLUTIONS INC 13,150 13,150
NEXTERA ENERGY INC 12,816 12,816
NEXTERA ENERGY PARTNERS LP COM 274 274
NIKE INC-CL B 30,400 30,400
NORTHROP GRUMMAN CORP 9,831 9,831
NUCOR CORP 5,743 5,743
NVIDIA CORP 128,757 128,757
ON SEMICONDUCTOR CORP 9,355 9,355
ONEOK INC (NEW) 3,792 3,792
ORACLE CORP 31,734 31,734
OTIS WORLDWIDE CORP 5,458 5,458
OVERSTOCK.COM INC DEL 5,898 5,898
PG&E CORP 5,914 5,914
PNC FINANCIAL SVCS GROUP 20,595 20,595
PAYPAL HOLDINGS INC COM 8,290 8,290
PHILLIPS 66 COM 10,119 10,119
PIONEER NATURAL RESOURCES 8,545 8,545
PROCTER & GAMBLE CO 48,505 48,505
PROGRESSIVE CORP-OHIO- 55,907 55,907
PROLOGIS INC 32,659 32,659
PUBLIC SERVICE ENTERPRISE 5,626 5,626
QUALCOMM INC 30,806 30,806
QUEST DIAGNOSTICS INC 5,239 5,239
REGENERON PHARMACEUTICALS 14,931 14,931
S&P GLOBAL INC COM 24,669 24,669
SAIA INC 10,956 10,956
SALESFORCE INC 39,471 39,471
SCHLUMBERGER LTD 12,333 12,333
SEMPRA ENERGY 6,726 6,726
SERVICENOW INC COM 29,673 29,673
SHERWIN WILLIAMS CO 10,293 10,293
SIMPLY GOOD FOODS CO/THE 6,019 6,019
SMARTSHEET INC-CLASS A 3,300 3,300
STEEL DYNAMICS INC 4,488 4,488
SUNNOVA ENERGY INTERNATIONAL 610 610
TJX COMPANIES INC NEW 35,273 35,273
TKO GROUP HOLDINGS INC 11,911 11,911
T MOBILE US INC 57,077 57,077
TARGA RESOURCES CORP 3,909 3,909
TESLA MTRS INC 61,126 61,126
TEXAS INSTRUMENTS INC 21,819 21,819
THERMO FISHER SCIENTIFIC 24,947 24,947
TOLL BROTHERS INC 2,159 2,159
TRADEWEB MARKETS INC 7,180 7,180
TRANSDIGM GROUP INC 16,186 16,186
TRANSUNION COM 10,650 10,650
TRIMBLE NAVIGATION LTD 4,309 4,309
UBER TECHNOLOGIES INC 14,038 14,038
ULTA BEAUTY INC 31,849 31,849
UNION PACIFIC CORP 22,843 22,843
UNITED RENTALS INC 6,308 6,308
UNITEDHEALTH GROUP INC 51,068 51,068
UTZ BRANDS INC 6,853 6,853
VERISK ANALYTICS INC 8,838 8,838
VERTEX PHARMACEUTICALS INC 19,124 19,124
VISA INC 79,927 79,927
VISTRA CORP 2,889 2,889
WARBY PARKER INC-CLASS A 9,912 9,912
WELLS FARGO & CO-NEW 18,015 18,015
WEYERHAEUSER CO 3,686 3,686
WILLIAMS COMPANIES INC 6,757 6,757
ZIMMER BIOMET HOLDGS INC 19,715 19,715
ZOETIS INC CL A 14,408 14,408
ACCENTURE PLC IRELAND SHS CL A 22,809 22,809
EATON CORPORATION PLC 21,192 21,192
NEW LINDE PLC 27,107 27,107
MEDTRONIC PLC COM 27,844 27,844
APTIV PLC 5,293 5,293
NVENT ELECTRIC PLC 19,263 19,263
TRANE TECHNOLOGIES PLC 18,536 18,536
CHECK POINT SOFTWARE 10,084 10,084
WIX COM LTD 2,952 2,952
ASML HOLDING N V N Y REGISTRY 9,083 9,083
ACADIA HEALTHCARE CO INC COM 23,250 23,250
ACCURAY INC CALIF 4,307 4,307
ADEIA INC 10,903 10,903
ALLETE INC 7,033 7,033
BREAD FINANCIAL HOLDINGS INC 3,788 3,788
AMNEAL PHARMACEUTICALS INC 6,513 6,513
ARCOSA INC 14,793 14,793
ATMOS ENERGY CORP 6,490 6,490
ATRICURE INC 7,209 7,209
AVANOS MEDICAL INC 5,069 5,069
AVERY DENNISON CORP 22,440 22,440
BABCOCK & WILCOX ENTERPR 2,590 2,590
BANC OF CALIFORNIA INC 2,753 2,753
BANKUNITED INC 9,470 9,470
BLOOM ENERGY CORP- A 7,074 7,074
BOX INC CL A 6,479 6,479
CNX RESOURCES CORP 9,480 9,480
CALERES INC COM 7,252 7,252
CANNAE HOLDINGS INC 3,258 3,258
CEVA INC 4,951 4,951
CHARLES RIVER LABORATORIES 11,820 11,820
CHATHAM LODGING TR 3,120 3,120
CHILDRENS PLACE RETAIL STORES 2,647 2,647
CIENA CORPORATION 25,971 25,971
CLEAN HARBORS INC 13,263 13,263
CLEVELAND-CLIFFS INC 21,992 21,992
COHERENT CORP 8,053 8,053
COMERICA INC 9,376 9,376
CONDUENT INC 13,436 13,436
CROWN HOLDINGS INC 24,680 24,680
CYTOSORBENTS CORPORATION COMMON 436 436
DEVON ENERGY CORPORATION 18,573 18,573
DRIL-QUIP INC 4,747 4,747
EMCORE CORP COM NEW 263 263
ENERPAC TOOL GROUP CORP 8,239 8,239
ENTEGRIS INC 3,595 3,595
STANDARD BIOTOOLS INC 2,919 2,919
HAEMONETICS CORP-MASS 12,484 12,484
HAIN CELESTIAL GROUP INC 6,362 6,362
HARSCO CORP 10,647 10,647
HUNTINGTON BANCSHARES INC 8,421 8,421
INDIE SEMICONDUCTOR INC-A 2,563 2,563
INFINERA CORP 3,833 3,833
INTEGRA LIFESCIENCES HOLDINGS 6,010 6,010
ITRON INC 15,026 15,026
KAR AUCTION SERVICES INC 11,892 11,892
KBR INC 30,476 30,476
KYNDRYL HOLDINGS INC 25,830 25,830
LIONS GATE ENTERTAINMENT-B 18,067 18,067
MACOM TECHNOLOGY SOLUTIONS 31,510 31,510
MARKFORGED HOLDING CORP 1,046 1,046
MERCURY COMPUTER SYSTEMS INC 5,705 5,705
MOLINA HEALTHCARE INC 22,763 22,763
NEW JERSEY RESOURCES CORP 6,464 6,464
NLIGHT INC 3,726 3,726
NORTHWESTERN CORP NEW 6,310 6,310
OSI SYSTEMS INC 11,485 11,485
OIL STATES INTERNATIONAL INC 4,780 4,780
ONESPAN INC 4,888 4,888
ORASURE TECHNOLOGIES INC 6,732 6,732
ORMAT TECHNOLOGIES INC 21,070 21,070
PATTERSON COMPANIES INC 10,783 10,783
PATTERSON-UTI ENERGY INC 5,281 5,281
PORTLAND GENERAL ELECTRIC CO NEW 6,501 6,501
QUANTUM CORP 2,200 2,200
RLJ LODGING TRUST 3,586 3,586
RAMBUS INC 28,597 28,597
RESIDEO TECHNOLOGIES INC 20,514 20,514
RIBBON COMMUNICATIONS INC SONUS 10,031 10,031
SEAWORLD ENTERTAINMENT INC COM 7,925 7,925
SEMTECH CORP 7,427 7,427
STERICYCLE INC 12,886 12,886
TELEDYNE TECHNOLOGIES INC 8,480 8,480
TEMPUR PEDIC INTERNATIONAL 12,488 12,488
TETRA TECHNOLOGIES INC-DEL 6,898 6,898
TEXAS CAPITAL BANCSHARES 16,675 16,675
ODP CORP/THE 13,005 13,005
TREEHOUSE FOODS INC 11,896 11,896
UNDER ARMOUR INC CLASS C COMMON 5,878 5,878
UNISYS CORPORATION 7,508 7,508
VAREX IMAGING CORP 5,597 5,597
VARONIS SYTEMS INC 8,875 8,875
VEECO INSTRUMENTS INC-DEL 27,834 27,834
VERINT SYSTEMS INC 9,406 9,406
VIASAT INC 18,056 18,056
VIAVI SOLUTIONS INC COM 7,371 7,371
VISTRA CORP 24,460 24,460
XPERI INC 7,990 7,990
ZIMVIE INC 5,272 5,272
INTERNATIONAL GAME TECHNOLOGY 27,136 27,136
TECHNIPFMC PLC 17,623 17,623
COGNYTE SOFTWARE LTD 8,616 8,616
RADWARE LTD 5,187 5,187
STRATASYS LTD 14,580 14,580
WIX COM LTD 11,441 11,441
AERCAP HOLDINGS NV 26,086 26,086
ADVANTEST CORP 16,335 16,335
ADYEN NV-UNSPON ADR 29,302 29,302
ASTRAZENECA PLC 20,407 20,407
ATLAS COPCO AB-SPONSORED ADR 18,225 18,225
BAE SYSTEMS PLC 24,052 24,052
CANADIAN NATURAL RESOURCES 15,594 15,594
CANADIAN PACIFIC KANSAS CIT 42,458 42,458
COMPASS GROUP PLC-SPON ADR 15,685 15,685
EVOLUTION AB-ADR 22,427 22,427
EXPERIAN GROUP LIMITED 21,511 21,511
ICICI BANK LTD SPONSORED ADR 20,121 20,121
L OREAL CO-ADR ADR 22,566 22,566
LVMH MOET HENNESSY LOUIS 21,606 21,606
NESTLE SA-SPONSORED ADR REPSTG 19,657 19,657
NOVO NORDISK A/S-ADR REPSTG 1/2 43,759 43,759
SAFRAN SA 25,507 25,507
SCHNEIDER ELECTRIC SA 19,029 19,029
WASTE CONNECTIONS INC 19,256 19,256
BHP BILLITON LTD SPONSORED ADR 4,508 4,508
WASTE CONNECTIONS INC 11,792 11,792
CRITEO S A SPONSORED ADRS 24,459 24,459
INNOVIZ TECHNOLOGIES LTD 2,950 2,950
NEUBERGER BERMAN EQUITY FDS LARGE CAP VALUE FUND INSTL CL 563,694 563,694
NEUBERGER & BERMAN EQUITY FD REAL ESTATE FD INSTL CL 425,935 425,935
NEUBERGER & BERMAN EQUITY INSTITUTIONAL FD 586,549 586,549
NEUBERGER BERMAN US EQUITY INDEX PUTWRITE STRATEGY FUND 860,148 860,148
ISHARES TRUST 27,800 27,800
ISHARES CORE MSCI EAFE ETF 1,022,115 1,022,115
NEUBERGER BERMAN INCOME FDS NEW EMRGNG MKT DEBT FD INSTL 574,485 574,485
NEUBERGER BERMAN INCOME FDS NEW SRT DURATION BD FD INT CL 171,503 171,503
NEUBERGER BERMAN INCOME FDS NEW FLOATING RATE INC FD INSTL 696,263 696,263
NEUBERGER BERMAN STRATEGIC INCOME FD INSTL CL 288,994 288,994

TY 2023 InvestmentsGovtObligationsSch
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
US Government Securities - End of Year Book Value:

1,368,907
US Government Securities - End of Year Fair Market Value:

1,368,907
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LandEtcSchedule2
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 1,154,889 0 1,154,889 1,154,889
BUILDING 10,789,626 9,597,742 1,191,884 1,191,884
EQUIPMENT 5,743,573 5,580,291 163,282 163,282
OTHER PP&E 268,905 268,905 0  


TY 2023 LegalFeesSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 50,457 0 0 50,457


TY 2023 OtherExpensesSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRAINEE STIPENDS 217,153 0 0 217,153
OFFICE EXPENSE 188,534 0 0 188,534
INSURANCE 108,673 0 0 108,673
OTHER EXPENSE 17,285 0 0 17,285
DUES AND SUBSCRIPTIONS 31,234 0 0 31,234
REPAIRS AND MAINTENANCE 204,690 0 0 204,690


TY 2023 OtherIncomeSchedule2
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH INCOME 0 -287 0
CONFERENCE, SYMPOSIUM, LECTURE 9,055   9,055


TY 2023 OtherIncreasesSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Description Amount
UNREALIZED GAINS ON INVESTMENT 1,799,965


TY 2023 OtherLiabilitiesSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Description Beginning of Year - Book Value End of Year - Book Value
CAPITAL LEASE LIABILITY 3,695 0
SALES AND USE TAX LIABILITY 0 210


TY 2023 OtherProfessionalFeesSchedule
Name:
THE SMITH-KETTLEWELL EYE RESEARCH
 
INSTITUTE
EIN:
94-6127237
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTANTS/COLLABORATORS 464,163 0 0 464,163
INVESTMENT MANAGEMENT FEES 89,460 89,460 0 0
CONSORTIUM/CONTRACTUAL COST 565,214 0 0 565,214
SCIENTIFIC & TECHNICAL SERVICE 35,593 0 0 35,593
DATA PROCESSING/SOFTWARE 17,709 0 0 17,709
OTHER PROFESSIONAL SERVICES 77,877 0 0 77,877