The Boston Foundation For Sight
- Assets
- $7.5m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Needham, MA
- Founding
- 09/1993
- Data as of
- 12/2021
- EIN
- 04-3150037
Organization Overview
The Boston Foundation For Sight, operating under the name Bostonsight, is located in Needham, MA. The organization was established in 1993. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Bostonsight employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bostonsight 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 12/2021, Bostonsight generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BOSTON FOUNDATION FOR SIGHT, D/B/A BOSTONSIGHT, IS A WORLD RENOWNED NONPROFIT EYE HEALTH CARE ORGANIZATION. OUR MISSION IS TO IMPROVE QUALITY OF LIFE BY TRANSFORMING THE UNDERSTANDING, TREATMENT, AND CARE OF THE OCULAR SURFACE. WE ACHIEVED THIS THROUGH FIVE KEY STRATEGIES: PUBLIC AND PROFESSIONAL EDUCATION; CLINICAL RESEARCH; PATIENT ENGAGEMENT AND EMPOWERMENT; SPECIALIZED MEDICAL TREATMENT; AND TECHNICAL INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON FOUNDATION FOR SIGHT, D/B/A BOSTONSIGHT, IS A WORLD RENOWNED NONPROFIT EYE HEALTH CARE ORGANIZATION. OUR MISSION IS TO IMPROVE QUALITY OF LIFE BY TRANSFORMING THE UNDERSTANDING, TREATMENT, AND CARE OF THE OCULAR SURFACE. SINCE 1992 WE HAVE RESTORED SIGHT TO THOUSANDS OF PATIENTS FROM AROUND THE WORLD. PROSTHETIC REPLACEMENT OF THE OCULAR SURFACE ECOSYSTEM (PROSE) IS AN INTEGRATED AND ITERATIVE TREATMENT PIONEERED BY BOSTONSIGHT THAT RESTORES VISUAL FUNCTION, SUPPORTS HEALING, REDUCES SYMPTOMS AND IMPROVES QUALITY OF LIFE FOR PATIENTS SUFFERING WITH OCULAR SURFACE DISEASE. BOSTONSIGHT PROSE USES FDA CLEARED (1994) CUSTOM DESIGNED AND FABRICATED PROSTHETIC DEVICES TO REPLACE OR SUPPORT IMPAIRED OCULAR SURFACE SYSTEM FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Yost President & Chief Executive Officer | OfficerTrustee | 40 | $281,749 |
Daniel Brocks MD Md, Chief Medical Officer | Officer | 40 | $277,503 |
Karen Carrasquillo Od PHD VP Of Clinical & Prof Affa | Officer | 40 | $195,288 |
Laurel Lucrezia Chief Business Development/clerk | Officer | 40 | $183,920 |
Klimenty Levin Software Architect | 40 | $162,168 | |
Alan Kwok Dir Of Prose Network Clinical Rel | 40 | $142,679 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lemonade Internet Services Llc It Consulting | 12/30/17 | $140,666 |
Rsm Us Llp It Consulting | 12/30/17 | $201,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $691,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $774,579 |
| Noncash contributions included in lines 1a–1f | $102,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,466,279 |
| Total Program Service Revenue | $4,899,375 |
| Investment income | $1,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $77,742 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,445,390 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,159,281 |
| Compensation of current officers, directors, key employees. | $391,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,827,359 |
| Pension plan accruals and contributions | $76,926 |
| Other employee benefits | $176,016 |
| Payroll taxes | $298,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,351 |
| Fees for services: Accounting | $39,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,030 |
| Advertising and promotion | $27,143 |
| Office expenses | $262,409 |
| Information technology | $119,653 |
| Royalties | $0 |
| Occupancy | $188,493 |
| Travel | $9,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,997 |
| Interest | $6,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $599,530 |
| Insurance | $66,178 |
| All other expenses | $51,469 |
| Total functional expenses | $5,421,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $738,879 |
| Savings and temporary cash investments | $2,271,130 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,224,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $287,605 |
| Prepaid expenses and deferred charges | $76,784 |
| Net Land, buildings, and equipment | $1,409,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,503,147 |
| Total assets | $7,511,659 |
| Accounts payable and accrued expenses | $812,129 |
| Grants payable | $0 |
| Deferred revenue | $514,893 |
| 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 | $267,199 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,594,221 |
| Net assets without donor restrictions | $5,670,405 |
| Net assets with donor restrictions | $247,033 |
| 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 | $7,511,659 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Boston Foundation For Sight has recieved totaling $22,250.
| Awarding Organization | Amount |
|---|---|
The Barbara Epstein Foundation Inc Wayland, MA PURPOSE: GENERAL SUPPORT OF RECEIPENT'S CHARITABLE PURPOSE | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,000 |
Tonna Charitable Trust Worcester, MA PURPOSE: GENERAL | $2,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $750 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $185,000 |
| Ending Balance | $185,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Educational And Developmental Supports Center Inc Tewksbury, MA | $8,053,747 | $19,496,777 |
Handicapped Childrens Association Of Southern New York Inc Johnson City, NY | $15,724,051 | $20,449,293 |
Southern Tier Independence Center Inc Binghamton, NY | $11,429,557 | $17,107,173 |
Rockland Independent Living Center Inc West Nyack, NY | $7,082,649 | $18,562,000 |
New York Association On Independent Living Albany, NY | $7,790,174 | $16,532,510 |
Coalition For The Homeless Inc New York, NY | $43,159,669 | $27,848,334 |
Lesbian And Gay Community Services Center Inc New York, NY | $32,292,978 | $15,100,688 |
Shared Living Collaborativeincorporated Merrimac, MA | $12,590,369 | $17,348,442 |
Corning Council For Assistance And Information For The Disabled Inc Corning, NY | $6,494,224 | $14,746,246 |
Community Servings Inc Jamaica Plain, MA | $24,387,705 | $15,169,268 |
Expanded Schools Inc New York, NY | $12,127,382 | $12,038,133 |
Plus Co Inc Nashua, NH | $7,971,022 | $14,335,539 |