Himalayan Cataract Project Inc
- Assets
- $34.2m
- Revenue
- $31.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Waterbury, VT
- Founding
- 11/1999
- Data as of
- 12/2022
- EIN
- 03-0362926
Organization Overview
Himalayan Cataract Project Inc is located in Waterbury, VT. The organization was established in 1999. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Himalayan Cataract Project Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Himalayan Cataract Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Himalayan Cataract Project Inc generated $31.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $12.2m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETHIOPIA: IN 2022, HCP DIRECTLY SUPPORTED ITS PARTNERS IN ETHIOPIA IN PROVIDING 23,359 OUTREACH SURGERIES THROUGH 51 HCP SUPPORTED OUTREACHES. HCP SUPPORTED 208 TRAINING OPPORTUNITIES FOR ETHIOPIAN OPHTHALMIC PROFESSIONALS IN 2022, WHILE ALSO PROCURING SPECIALIZED OPHTHALMIC SUPPLIES FOR 19 DIFFERENT PARTNER INSTITUTIONS. HCP CONTINUES TO SUPPORT CORNEA AND EYE BANK DEVELOPMENT WHILE ALSO ADVOCATING FOR ADDITIONAL HUMAN AND FINANCIAL RESOURCES DEDICATED TO EYE CARE THROUGH PARTICIPATION IN NATIONAL EYE HEALTH PLANNING AND SURVEYS. ADDITIONALLY, HCP CONTINUED CONSTRUCTION ON A SPECIALTY EYE CENTER IN ETHIOPIA.
GHANA: CONTINUED SUPPORT FOR 14 IMPLEMENTING PARTNERS IN GHANA WHO PERFORMED 16,810 SURGERIES THROUGH HCP SUPPORTED OUTREACH EVENTS, WHILE PROVIDING 194 TRAINING OPPORTUNITIES FOR EYE CARE PROFESSIONALS.
NEPAL: CONTINUED SUPPORT FOR LONGTIME PARTNER, THE TILGANGA INSTITUTE OF OPHTHALMOLOGY, TO HELP IN OUR COLLECTIVE EFFORTS OF STRENGTHENING EYE CARE IN NEPAL, INDIA, MYANMAR AND INDONESIA. TILGANGA OVERSEES ITS MAIN TRAINING HOSPITAL IN KATHMANDU AND 21 SATELLITE CLINICS THROUGHOUT RURAL NEPAL. IN 2022, HCP DIRECTLY SUPPORTED 969 SURGERIES AT COMMUNITY EYE CENTERS ACROSS NEPAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Oliva MD Vice Chair | OfficerTrustee | 5 | $0 |
Geoffrey Tabin MD Chairman | OfficerTrustee | 5 | $0 |
Kal Mentak PHD Board Member | Trustee | 2 | $0 |
Dimitri Azar MD MBA Board Member | Trustee | 2 | $0 |
Farran Tozer Brown MBA Board Member | Trustee | 2 | $0 |
Guy Kezirian MD MBA Facs Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bamacon Engineering Plc Construction Of Eye Hospital In Bahir Da | 12/30/22 | $568,490 |
Esubstance Limited Advertising Services | 12/30/22 | $275,000 |
Grf Audit / Tax / Erp Implementation | 12/30/22 | $113,031 |
Raas Architects Plc Design Services For Eye Hospital In Bahi | 12/30/22 | $100,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,358,039 |
| Noncash contributions included in lines 1a–1f | $16,655,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,532,439 |
| Total Program Service Revenue | $138,947 |
| Investment income | $193,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,699,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,601,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,300,010 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $917,024 |
| Compensation of current officers, directors, key employees. | $445,375 |
| Compensation to disqualified persons | $278,960 |
| Other salaries and wages | $2,149,204 |
| Pension plan accruals and contributions | $96,095 |
| Other employee benefits | $353,443 |
| Payroll taxes | $222,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,725 |
| Fees for services: Accounting | $127,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,503 |
| Fees for services: Other | $213,060 |
| Advertising and promotion | $0 |
| Office expenses | $146,819 |
| Information technology | $481,678 |
| Royalties | $0 |
| Occupancy | $171,710 |
| Travel | $348,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,075 |
| Insurance | $0 |
| All other expenses | $30,349 |
| Total functional expenses | $12,153,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,013,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,184,833 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,405,614 |
| Prepaid expenses and deferred charges | $165,239 |
| Net Land, buildings, and equipment | $1,747,700 |
| Investments—publicly traded securities | $5,538,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,533 |
| Total assets | $34,164,209 |
| Accounts payable and accrued expenses | $1,085,226 |
| Grants payable | $0 |
| Deferred revenue | $699,452 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,784,678 |
| Net assets without donor restrictions | $28,380,169 |
| Net assets with donor restrictions | $3,999,362 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,164,209 |