Cincinnati Eye Institute Foundation is located in Cincinnati, OH. The organization was established in 2006. 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. Cincinnati Eye Institute Foundation 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, Cincinnati Eye Institute Foundation generated $608.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $803.1k during the year ending 12/2023. 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 CINCINNATI EYE INSTITUTE FOUNDATION'S (CEIF) MISSION IS TO PRESERVE AND IMPROVE SIGHT. CEIF PROVIDES ACCESS TO EYE CARE SERVICES FOR THE MOST VULNERABLE AND THE UNDERSERVED IN THE REGION. IT ALSO ADVANCES THE EDUCATION OF EYE CARE PROFESSIONALS, IT EDUCATES THE PUBLIC ABOUT VISION-RELATED ISSUES, AND IT FUNDS EYE-RELATED RESEARCH. CEIF HAS FOUND THAT THE MOST EFFECTIVE AND EFFICIENT WAY TO ACHIEVE ITS MISSION AND GOALS IS THROUGH THE SHARING OF RESOURCES, THE EXCHANGE OF INFORMATION, AND THE FORGING OF COLLABORATIVE PARTNERSHIPS WITH OTHER COMMUNITY GROUPS, AGENCIES AND LIKE-MINDED INDIVIDUALS. CEIF HAS COME TO REALIZE THAT IT TAKES A COMMUNITY-WIDE EFFORT TO ENSURE THAT ALL INDIVIDUALS LIVING IN GREATER CINCINNATI HAVE ACCESS TO THE EYE CARE THEY NEED. THIS PHILOSOPHY HAS LED TO CEIF'S OPENING FREE CLINICS IN PARTNERSHIP WITH OTHER PROVIDERS IN NEIGHBORHOODS OF HIGH POVERTY AND HIGH UNEMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CEI FOUNDATION'S VISION CLINICS LOCATED IN THE NEIGHBORHOODS OF COVINGTON, FLORENCE,NEWPORT,PRICE HILL, AND COLLEGE HILL/NORTH COLLEGE HILL PROVIDE FREE AND OR REDUCED COST COMPREHENSIVE DILATED EYE EXAMS BY OPHTHALMOLOGISTS AND OPTOMETRISTS. THESE CLINICS SERVE THE POOR AND UNINSURED POPULATION OF GREATER CINCINNATI AND NORTHERN KENTUCKY. THE HOUSEHOLD INCOME OF PATIENTS SEEN AT ALL CEIF CLINICS ARE AT OR BELOW 200% OF THE FEDERAL POVERTY GUIDELINES. THESE CLINICS PROVIDE PATIENTS WITH COMPREHENSIVE, DILATED EYE EXAMS, TESTS FOR EYE DISEASE, ASSISTANCE WITH PHARMACEUTICAL INDIGENT CARE APPLICATIONS FOR FREE OR REDUCED PRICE MEDICATIONS AND VOUCHERS FOR FREE PRESCRIPTION EYE GLASSES INCLUDING LENSES AND FRAMES. CEIF VISION CLINICS CONTINUE TO BE THE ONLY FREE OR REDUCED COST RESOURCE FOR ADULT AND CHILDREN IN THE REGION.
THE CINCINNATI EYE INSTITUTE FOUNDATION (CEIF) SUPPORTS OPHTHALMOLOGY RESEARCH THROUGH OUR IGNITE GRANTS. THESE GRANTS ARE DESIGNED TO PROVIDE EARLY-STAGE SEED FUNDING FOR RESEARCH PROJECTS THAT POINT THE WAY TO NEW TREATMENTS AND POSSIBLE CURES FOR EYE DISEASE.
THE RICHARD KERSTINE VISION OUTREACH PROGRAM PROVIDES FREE PREVENTIVE EYE SCREENINGS AND LECTURES ON MAINTAINING EYE HEALTH AND EYE DISEASE THROUGHOUT THE GREATER CINCINNATI COMMUNITY. THE VISION OUTREACH PROGRAM TARGETS ALL ADULTS AGED 60+ AND ADULT AFRICAN AMERICANS AND LATINOS BECAUSE OF THEIR HIGHER PREVALENCE RATES OF EYE DISEASE DUE TO DIABETES AND OTHER DISEASES. THE PROGRAM WORKS DIRECTLY WITH LOCAL NONPROFIT AGENCIES, COMMUNITY CENTERS, SENIOR CENTER, CHURCHES, AND RETIREMENT COMMUNITIES TO PROVIDE ONSITE SCREENING AND LECTURES ON PREVENTING AND TREATING EYE DISEASE. FOLLOW-UP SERVICES ARE PROVIDED TO PARTICIPANTS NEEDING ADDITIONAL TESTING OR CARE, INCLUDING ASSISTANCE IN OBTAINING MEDICAL APPOINTMENTS WITH LOCAL EYE CARE PROVIDERS, OR THROUGH CHARITABLE AGENCIES INCLUDING THE CEI FOUNDATION'S VISION CLINICS.
THE CINCINNATI EYE INSTITUTE FOUNDATION (CEIF) CONTINUES TO SUPPORT THE EDUCATION OF EYE CARE PROFESSIONALS IN THE REGION THROUGH CONTINUING EDUCATION PROGRAMS FOR DOCTORS OF OPTOMETRY, THROUGH PROMOTION OF PROFESSIONAL CERTIFICATION OF OPHTHALMOLOGY TECHNICIANS, AND CEIF'S CONTINUED SUPPORTS OPHTHALMOLOGY RESIDENTS IN THE DEPARTMENT OF OPHTHALMOLOGY AT THE UNIVERSITY OF CINCINNATI'S COLLEGE OF MEDICINE. THE HOPE IS THAT ONCE THEIR RESIDENCY IS COMPLETE, THESE RESIDENTS WILL REMAIN IN THE GREATER CINCINNATI AREA TO PRACTICE.IN 2013, CEIF JOINED WITH THE ONESIGHT FOUNDATION, THE CINCINNATI PUBLIC SCHOOL SYSTEM, THE CINCINNATI HEALTH DEPARTMENT AND THE OHIO OPTOMETRIC ASSOCIATION TO ESTABLISH THE ONESIGHT EYE CLINIC AT OYLER SCHOOL IN THE LOWER PRICE HILL AREA OF CINCINNATI. THE CEI FOUNDATION PROVIDED THE DESIGN AND BUSINESS MODEL FOR THE CLINIC WHICH BECAME THE COUNTRY'S FIRST, FINANCIALLY SELF-SUSTAINING EYE CLINIC WITHIN A SCHOOL BASED HEALTH CENTER.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Melanie Prevost CPA Vice Chairman & Treasurer | OfficerTrustee | 2 | $0 |
Hope O'brien MD Director | Trustee | 2 | $0 |
George H Sehi PHD Secretary | OfficerTrustee | 2 | $0 |
Daniel Geeding PHD Director | Trustee | 2 | $0 |
Mona Kerstine Director | Trustee | 2 | $0 |
Robert Wassler Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $2,798 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $592,042 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $594,840 |
Total Program Service Revenue | $0 |
Investment income | $5,750 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $8,185 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $608,775 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $47,869 |
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. | $7,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $526,556 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $68,671 |
Advertising and promotion | $15,347 |
Office expenses | $18,780 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $13,077 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,465 |
Interest | $87 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $51,751 |
Insurance | $1,484 |
All other expenses | $1,329 |
Total functional expenses | $803,105 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $515,000 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $56,630 |
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 | $8,911 |
Net Land, buildings, and equipment | $97,424 |
Investments—publicly traded securities | $14,163 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $692,128 |
Accounts payable and accrued expenses | $123,642 |
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 | $123,642 |
Net assets without donor restrictions | $68,663 |
Net assets with donor restrictions | $499,823 |
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 | $692,128 |
Over the last fiscal year, Cincinnati Eye Institute Foundation has awarded $42,500 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
UC OPHTHALMOLOGY RESIDENT PROGRAM PURPOSE: Support Organization | $22,500 |
UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION - IGNITE GRANT PURPOSE: Support Organization | $20,000 |
Organization Name | Assets | Revenue |
---|---|---|
Eye & Ear Foundation Inc Pittsburgh, PA | $54,288,220 | $10,174,404 |
Cincinnati Eye Institute Foundation Cincinnati, OH | $692,128 | $608,775 |
Ohio Lions Eye Research Foundation Ashland, OH | $2,340,642 | $200,815 |
The International Society For Eye Research South Euclid, OH | $564,616 | $292,349 |
Foundation For Vision Research Grand Rapids, MI | $1,131,411 | $652,332 |
Christian Ophthalmology Society Inc Paducah, KY | $294,999 | $310,271 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $873,806 | $152,665 |
Pediatric Retinal Research Foundation Birmingham, MI | $1,328,734 | $119,077 |
Coa Research Foundation Dublin, OH | $0 | $0 |
Philadelphia Retina Endowment Fund C/O Jay Federman Md Philadelphia, PA | $0 | -$302 |
Blaydes Eye Foundation Bluefield, WV | $153,351 | $166 |
International Thyroid Eye Disease Society Inc Columbus, OH | $91,331 | $0 |
Collaborative Network Of Innovative Vitreoretinal Specialists West Bloomfield, MI | $51,202 | $0 |
Eversight Ohio Cleveland, OH | $0 | $0 |
Moore Eye Foundation Springfield, PA | $12,452 | $0 |