Optometry Giving Sight
- Assets
- $3.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Golden, CO
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 27-0131388
Organization Overview
Optometry Giving Sight is located in Golden, CO. The organization was established in 2007. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Optometry Giving Sight employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optometry Giving Sight 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 12/2022, Optometry Giving Sight generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Optometry Giving Sight has awarded 15 individual grants totaling $624,531. 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
OPTOMETRY GIVING SIGHT TARGETS THE PREVENTION OF BLINDNESS & IMPAIRED VISION DUE TO UNCORRECTED REFRACTIVE ERROR THROUGH EDUCATION, TRAINING, SERVICE DELIVERY AND ADVOCACY. THE ORGANIZATION WAS ESTABLISHED IN 2003 AS A MEANS FOR MOBILIZING SUPPORT FROM THE GLOBAL EYE CARE PROFESSION AND INDUSTRY TO HELP ELIMINATE THE VAST NUMBER OF PEOPLE WHO ARE NEEDLESSLY BLIND OR VISION IMPAIRED, CURRENTLY ESTIMATED AT MORE THAN 600 MILLION WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPY - THE PHILANTHROPY PROGRAM GRANTS CASH AWARDS TO ORGANIZATIONS FOR USE IN PROJECTS TO INCREASE THE AVAILABILITY AND EFFECTIVENESS OF EYE AND VISION CARE PROGRAMS IN UNDERSERVED COMMUNITIES GLOBALLY AND IN THE USA.
COMMUNITY EDUCATION AND ADVOCACY - OPTOMETRY GIVING SIGHT WORKS TO EDUCATE THE OPTOMETRIC PROFESSION AND INDUSTRY AND THEIR CUSTOMERS AND PATIENTS ABOUT THE PREVENTION OF BLINDNESS AND IMPAIRED VISION DUE TO UNCORRECTED REFRACTIVE ERROR AND HOW REFRACTIVE ERROR CAN BE CORRECTED THROUGH AN EYE EXAM AND A PAIR OF GLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Juan Carlos Aragon President | OfficerTrustee | 10 | $0 |
Dr Susan Cooper Secretary | OfficerTrustee | 7 | $0 |
Dr Paul Karpecki Director | Trustee | 3 | $0 |
Dr John Flanagan Director | Trustee | 3 | $0 |
Dr Luigi Bilotto Director | Trustee | 3 | $0 |
Donna Mikulecky Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| 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 | $2,117,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,117,321 |
| Total Program Service Revenue | $0 |
| Investment income | $1,022 |
| 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 | $2,084 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,120,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,031 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $491,979 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,000 |
| Compensation of current officers, directors, key employees. | $21,544 |
| Compensation to disqualified persons | $116,538 |
| Other salaries and wages | $172,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,931 |
| Payroll taxes | $33,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,259 |
| Fees for services: Accounting | $41,174 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,058 |
| Advertising and promotion | $0 |
| Office expenses | $23,404 |
| Information technology | $7,209 |
| Royalties | $0 |
| Occupancy | $10,850 |
| Travel | $54,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,018 |
| Insurance | $8,817 |
| All other expenses | $0 |
| Total functional expenses | $1,602,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,338,025 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $317,958 |
| 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 | $10,278 |
| Net Land, buildings, and equipment | $1,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $594,181 |
| Total assets | $3,261,448 |
| Accounts payable and accrued expenses | $13,496 |
| Grants payable | $25,000 |
| 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 | $21,023 |
| Total liabilities | $59,519 |
| Net assets without donor restrictions | $2,274,240 |
| Net assets with donor restrictions | $927,689 |
| 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 | $3,261,448 |
Grants Awarded
Over the last fiscal year, Optometry Giving Sight has awarded $192,031 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VOSH INTERNATIONAL | | | $85,000 |
WORLD COUNCIL OF OPTOMETRY | | | $47,031 |
KIDS DOC ON WHEELS | | | $20,000 |
IN HER VISION FOUNDATION | | | $20,000 |
EYELLIANCE INC | | | $20,000 |