Eye Bank For Sight Restoration Inc
- Assets
- $81.4m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 66
- Location
- New York, NY
- Founding
- 08/1945
- Data as of
- 12/2023
- EIN
- 13-1623998
Organization Overview
Eye Bank For Sight Restoration Inc is located in New York, NY. The organization was established in 1945. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. As of 12/2023, Eye Bank For Sight Restoration Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eye Bank For Sight Restoration 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 12/2023, Eye Bank For Sight Restoration Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $9.8m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EYE-BANK'S MISSION IS TO RESTORE SIGHT THROUGH EYE DONATIONS AND CORNEA TRANSPLANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EYE-BANKS STATE-OF-THE-ART OCULAR LABORATORY OPERATES 24/7 TO RECOVER, EVALUATE AND DISTRIBUTE SAFE, QUALITY DONOR EYE TISSUE FOR CORNEA TRANSPLANTS AND OTHER OPHTHALMIC SURGERIES. STAFF RECEIVES CONTINUAL EDUCATION AND TRAINING IN THE LATEST TECHNOLOGICAL ADVANCES, INCLUDING PREPARING PARTIAL THICKNESS GRAFTS FOR ENDOTHELIAL KERATOPLASTY (EK) PROCEDURES.
THE EYE-BANKS OCULAR TISSUE RESEARCH PROGRAM SUPPLIES DONOR EYE TISSUE TO MEDICAL SCIENTISTS RESEARCHING CURES AND TREATMENT OF EYE DISEASES SUCH AS CATARACTS, GLAUCOMA AND DISEASES OF THE RETINA. THE EYE-BANK ALSO PROVIDES ADULT HUMAN RETINA PIGMENT EPITHELIAL (AH-RPE) CELLS TO A GROWING NUMBER OF RESEARCHERS ACROSS THE COUNTRY WHO ARE CONDUCTING STUDIES ON THE POTENTIAL FOR TRANSPLANTING RPE CELLS IN THE FUTURE. THE EYE-BANK DISTRIBUTED 121% MORE DONOR TISSUE TO RESEARCHERS IN 2023 (190 TISSUES) OVER 2022 (86 TISSUES). THIS SIGNIFICANT INCREASE IS DUE IN PART TO THE EYE-BANKS ADDITION OF A RESEARCH AND RELATIONSHIP DEVELOPMENT MANAGER POSITION AS WELL AS OUR HOSTING A RECEPTION AT THE 2023 MEETING OF ARVO (ASSOCIATION FOR RESEARCH IN VISION AND OPHTHALMOLOGY) WHICH ENABLED US TO MEET IN-PERSON WITH RESEARCHERS CURRENTLY USING OUR DONOR TISSUE AND CULTIVATE NEW OPPORTUNITIES FOR OUR RESEARCH PROGRAM TO COLLABORATE.
THE EYE-BANKS PUBLIC EDUCATION PROGRAM OFFERS RESOURCES AND MATERIALS ABOUT EYE DONATION TO THE GENERAL PUBLIC INCLUDING BROCHURES AND A NEWSLETTER, EYE-TO-EYE, WHICH IS CIRCULATED TO MORE THAN 20,000 TRANSPLANT RECIPIENTS, FRIENDS AND SUPPORTERS OF THE EYE-BANK AND AN EFFECTIVE WEBSITE THAT ALSO OFFERS VALUABLE INFORMATION IN SPANISH AS WELL AS ENGLISH ABOUT EYE DONATION AND CORNEA TRANSPLANTATION; HOW TO WRITE TO YOUR DONOR FAMILY; AND HOW TO ENROLL IN THE NYS DONATE LIFE REGISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Dahl Ceo/exec. Dir. | Officer | 40 | $311,000 |
Edwin Roberts Associate Director | 40 | $177,796 | |
Karen Bardavid Dir Of Development | 40 | $165,448 | |
Hortense Kendall Laboratory Manager | 40 | $144,194 | |
Noel Mick Moschetta Dir Communications | 40 | $159,115 | |
Dana Arifi Dir Fin & Admin | 40 | $140,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power Media Inc Marketing | 12/30/23 | $463,570 |
Pisani Cpa Llc Accounting | 12/30/23 | $112,504 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,561 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $482,161 |
| Noncash contributions included in lines 1a–1f | $44,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,722 |
| Total Program Service Revenue | $5,637,404 |
| Investment income | $1,084,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,320,166 |
| Net Income from Fundraising Events | -$18,599 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,665,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,842 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $358,545 |
| Compensation of current officers, directors, key employees. | $53,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,783,017 |
| Pension plan accruals and contributions | $268,148 |
| Other employee benefits | $753,582 |
| Payroll taxes | $289,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,470 |
| Fees for services: Accounting | $147,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $212,106 |
| Fees for services: Other | $195,438 |
| Advertising and promotion | $0 |
| Office expenses | $306,109 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $408,724 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,297 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,996 |
| Insurance | $102,489 |
| All other expenses | $351,802 |
| Total functional expenses | $9,813,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,217 |
| Savings and temporary cash investments | $330,169 |
| Pledges and grants receivable | $5,620 |
| Accounts receivable, net | $1,963,276 |
| 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 | $230,389 |
| Net Land, buildings, and equipment | $896,163 |
| Investments—publicly traded securities | $70,418,075 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,432,131 |
| Total assets | $81,420,040 |
| Accounts payable and accrued expenses | $347,448 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $164,687 |
| 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 | $2,421,896 |
| Total liabilities | $2,934,031 |
| Net assets without donor restrictions | $73,850,114 |
| Net assets with donor restrictions | $4,635,895 |
| 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 | $81,420,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eye Bank For Sight Restoration Inc New York, NY | $81,420,040 | $11,665,358 |
Sight Conservation Of N E N Y Inc Albany, NY | $3,720,295 | $3,111,837 |
Organ Alliance Inc Harrison, NY | $1,427,776 | $865,834 |
New York Center For Liver Transplantation Inc Troy, NY | $577,231 | $628,889 |
Lions Eye Bank Of Nw Pa Inc Erie, PA | $365,311 | $478,390 |
Health Navigator Foundation Inc New York, NY | $1,144,657 | $1,341,045 |
Andy Talley Bone Marrow Foundation Devon, PA | $384,471 | $387,047 |
Matchingdonors Com Inc Canton, MA | $2,075,255 | $948,146 |
Lions Club Of Erie Save-An-Eye Fund Inc Erie, PA | $94,837 | $0 |
Flood Sisters Kidney Foundation Chappaqua, NY | $28,267 | $0 |
A Gift Of Life The Heart And Lung Transplant Support Group Inc Trumbull, CT | $476,692 | -$90,936 |
Team Pittsburgh Transplant Pittsburgh, PA | $69,895 | $0 |
Lifechoice Donor Services Inc Waltham, MA | $0 | $0 |
Eversight New Jersey Inc Clark, NJ | $0 | $0 |