New Eyes For The Needy Inc
- Assets
- $5.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Short Hills, NJ
- Founding
- 10/1950
- Data as of
- 03/2022
- EIN
- 22-1539720
Organization Overview
New Eyes For The Needy Inc is located in Short Hills, NJ. The organization was established in 1950. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 03/2022, New Eyes For The Needy Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Eyes For The Needy 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 03/2022, New Eyes For The Needy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $876.0k during the year ending 03/2022. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW EYES PROVIDES THE TRANSFORMATIVE TOOL OF EYEGLASSES TO CHILDREN AND ADULTS FACING FINANCIAL CHALLENGES ACROSS THE UNITED STATES. DURING THE 2021-2022 FISCAL YEAR, NEW EYES PURCHASED NEW EYEGLASSES FOR 10,984 INDIVIDUALS IN FINANCIAL NEED IN ALL 50 STATES AND THE DISTRICT OF COLUMBIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Gajano Executive Director | Officer | 40 | $130,307 |
Kristine Van Amsterdam President | OfficerTrustee | 2 | $0 |
Pat Hayes Vice President | OfficerTrustee | 1 | $0 |
Prem Sharma Secretary | OfficerTrustee | 4 | $0 |
Kevin Smith Treasurer | OfficerTrustee | 5 | $0 |
Marie Cavanaugh Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $806,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $841,142 |
| Total Program Service Revenue | $0 |
| Investment income | $187,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43,108 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,190,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $259,794 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,948 |
| Compensation of current officers, directors, key employees. | $23,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,143 |
| Pension plan accruals and contributions | $3,363 |
| Other employee benefits | $0 |
| Payroll taxes | $28,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,100 |
| Fees for services: Accounting | $30,603 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,420 |
| Fees for services: Other | $56,155 |
| Advertising and promotion | $0 |
| Office expenses | $5,962 |
| Information technology | $10,967 |
| Royalties | $0 |
| Occupancy | $4,661 |
| 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 | $28,072 |
| Insurance | $7,426 |
| All other expenses | $5,282 |
| Total functional expenses | $875,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,049 |
| Savings and temporary cash investments | $686,176 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,739 |
| Prepaid expenses and deferred charges | $8,020 |
| Net Land, buildings, and equipment | $160,715 |
| Investments—publicly traded securities | $4,203,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,074,628 |
| Accounts payable and accrued expenses | $65,138 |
| 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 | $65,138 |
| Net assets without donor restrictions | $4,810,119 |
| Net assets with donor restrictions | $199,371 |
| 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 | $5,074,628 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that New Eyes For The Needy Inc has recieved totaling $175,481.
| Awarding Organization | Amount |
|---|---|
Goodcoin Foundation Charleston, SC PURPOSE: GENERAL SUPPORT | $105,088 |
20 20 Quest Duluth, GA PURPOSE: SUPPORT THE ORGANIZATION'S MISSION TO AID THE BLIND AND OR VISUALLY IMPAIRED | $15,000 |
Hyde And Watson Foundation Warren Township, NJ PURPOSE: ONE-TIME SOFTWARE DEVELOPMENT COSTS. | $15,000 |
Lillian Goldman Char Tr New York, NY PURPOSE: CHARITABLE | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,092 |
Honorable Order Of Kentucky Colonels Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $6,000 |
Endowment Analysis
| Beg. Balance | $205,422 |
| Earnings | -$9,382 |
| Ending Balance | $196,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Association For The Blind Inc Utica, NY | $109,170,090 | $29,734,150 |
Help Me See Inc New York, NY | $19,214,476 | $10,645,752 |
Northeastern Association Of The Blind At Albany Inc Albany, NY | $6,246,704 | $6,313,158 |
Eye To Eye Inc New York, NY | $3,187,260 | $4,382,588 |
Pennsylvania Association For The Blind Harrisburg, PA | $4,901,702 | $4,901,914 |
Lions Eye Bank Of Delaware Valley Philadelphia, PA | $14,412,620 | $4,863,038 |
Jbi International Inc New York, NY | $25,677,529 | $3,230,233 |
Glaucoma Foundation Inc New York, NY | $12,951,160 | $4,297,114 |
Vision Resources Of Central Pennsylvania Harrisburg, PA | $8,007,623 | $1,994,973 |
Readers Digest Partners For Sight Foundation Mt Kisco, NY | $12,659,524 | $1,861,545 |
Xavier Society For The Blind New York, NY | $18,344,454 | $1,590,017 |
Fred Hollows Foundation Usa New York, NY | $419,827 | $1,406,543 |