Connecticut Lions Eye Research Foundation Inc
- Assets
- $2.5m
- Revenue
- $449.8k
- Investments
- $354.0k
- Employees
- 0
- Location
- Middlebury, CT
- Founding
- 08/1957
- Data as of
- 06/2022
- EIN
- 06-6046338
Organization Overview
Connecticut Lions Eye Research Foundation Inc is located in Middlebury, CT. The organization was established in 1957. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Lions Eye Research Foundation 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 06/2022, Connecticut Lions Eye Research Foundation Inc generated $449.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $439.5k during the year ending 06/2022. While expenses have increased by 20.1% per year over the past 7 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.
Since 2015, Connecticut Lions Eye Research Foundation Inc has awarded 22 individual grants totaling $1,149,222. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EYE RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES ARE EXPENSES TO RAISE FUNDS TO PROVIDE GRANTS FOR EYE RESEARCH WORK CARRIED OUT AT YALE NEW HAVEN AND UNIVERSITY OF CT HEALTH CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Destefano Greg Treasurer | OfficerTrustee | 2 | $0 |
Dowlatshahi Sia Second Vice President | OfficerTrustee | 2 | $0 |
Dudek Denise First Vice President | OfficerTrustee | 2 | $0 |
Sullivan Tom President | OfficerTrustee | 2 | $0 |
Allen William K II Past District Governor | Trustee | 2 | $0 |
Bennett James B Past Foundation President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $62,119 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,919 |
| Total Program Service Revenue | $2,570 |
| Investment income | $38,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $345,788 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $333,280 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,121 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $11,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,961 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $439,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,110 |
| Savings and temporary cash investments | $61,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $41,274 |
| Investments—publicly traded securities | $1,922,129 |
| Investments—other securities | $354,042 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,479,025 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,457,231 |
| Net assets with donor restrictions | $21,794 |
| 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 | $2,479,025 |
Grants Awarded
Over the last fiscal year, Connecticut Lions Eye Research Foundation Inc has awarded $333,280 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Storrs, CT PURPOSE: GEN MEDICAL SUPPLIES | $150,000 |
New Haven, CT PURPOSE: GEN MEDICAL SUPPLIES | $133,280 |
Ann Arbor, MI PURPOSE: GEN MEDICAL SUPPLIES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research To Prevent Blindness Inc New York, NY | $24,496,612 | $4,438,794 |
New York Society For Gastrointestinal Endoscopy Inc New York, NY | $1,314,526 | $937,994 |
Massachusetts Lions Eye Research Fund Inc Belmont, MA | $3,276,845 | $682,863 |
Ocular Immunology And Uveitis Foundation Inc Weston, MA | $1,297,410 | $675,565 |
Tear Film And Ocular Surface Society Inc Boston, MA | $413,996 | $560,695 |
Connecticut Lions Eye Research Foundation Inc Middlebury, CT | $2,479,025 | $449,784 |
Visual Studies Workshop Inc Rochester, NY | $1,492,437 | $348,917 |
Center For Eye Research Inc Waltham, MA | $1,779,078 | $113,648 |
Ophthalmicedge Inc New York, NY | $227,604 | $145,347 |
Faculty Student Association Of The State College Of Optometry Inc New York, NY | $239,038 | $97,388 |
The Glaucoma Education & Research Fund Inc New York, NY | $130,142 | $0 |
Vision Research Institute Lowell, MA | $24,586 | $61,371 |