Medical Eye Bank Of West Virginia Inc is located in Charleston, WV. The organization was established in 1974. 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 06/2022, Medical Eye Bank Of West Virginia Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Eye Bank Of West Virginia 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, Medical Eye Bank Of West Virginia Inc generated $987.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $828.6k during the year ending 06/2022. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HUMAN CORNEAL TISSUE TRANSPLANTATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEDICAL EYE BANK PROCURED, TRANSFERRED AND PROCESSED APPROXIMATELY 382 HUMAN CORNEAL TISSUES FOR USE IN TRANSPLANTS OR SCIENTIFIC RESEARCH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth R Sheriff Executive Di | Officer | 40 | $171,164 |
Sharon King Secretary | OfficerTrustee | $0 | |
Thomas Mauger MD Medical Dire | OfficerTrustee | $0 | |
Robert Ryan Treasurer | OfficerTrustee | $0 | |
Paul Wheeler Chair | OfficerTrustee | $0 | |
William Hensley Jr Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $19,623 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $19,623 |
Total Program Service Revenue | $966,387 |
Investment income | $1,116 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
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 | $987,126 |
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. | $171,164 |
Compensation of current officers, directors, key employees. | $85,582 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $288,879 |
Pension plan accruals and contributions | $20,520 |
Other employee benefits | $62,062 |
Payroll taxes | $37,134 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,008 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,236 |
Advertising and promotion | $0 |
Office expenses | $15,903 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $8,736 |
Travel | $30,911 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,840 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,249 |
Insurance | $5,176 |
All other expenses | $44,285 |
Total functional expenses | $828,641 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $200 |
Savings and temporary cash investments | $937,012 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $167,712 |
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 | $7,139 |
Net Land, buildings, and equipment | $222,628 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,334,691 |
Accounts payable and accrued expenses | $53,694 |
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 | $53,694 |
Net assets without donor restrictions | $1,280,997 |
Net assets with donor restrictions | $0 |
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 | $1,334,691 |
Organization Name | Assets | Revenue |
---|---|---|
National Federation Of The Blind Inc Baltimore, MD | $35,001,742 | $21,045,026 |
University Of Maryland Eye Association Pa Baltimore, MD | $2,137,638 | $8,234,651 |
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 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Central Ohio Lions Eye Bank Inc Columbus, OH | $2,261,506 | $2,054,180 |
National Society To Prevent Blindness Columbus, OH | $4,716,429 | $2,037,831 |
Vision Resources Of Central Pennsylvania Harrisburg, PA | $8,007,623 | $1,994,973 |
Kentucky Optometric Association Frankfort, KY | $1,137,225 | $1,149,939 |