The Cleveland Eye Bank Foundation
- Assets
- $4.6m
- Revenue
- $106.3k
- Investments
- $4.5m
- Employees
- 1
- Location
- Cleveland, OH
- Founding
- 12/1959
- Data as of
- 06/2023
- EIN
- 34-0835578
Organization Overview
The Cleveland Eye Bank Foundation is located in Cleveland, OH. The organization was established in 1959. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Eye Bank 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 06/2023, Cleveland Eye Bank Foundation generated $106.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.0% each year . All expenses for the organization totaled $400.1k during the year ending 06/2023. 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
CLEVELAND EYE BANK FOUNDATION (CEBF) RAISES FUNDS FOR RESEARCH TO PRESERVE AND RESTORE SIGHT, AND TO SUPPORT AND DELIVER COMMUNITY AND PROFESSIONAL EDUCATION. CEBF WILL BE RECOGNIZED FOR BEING AT THE FOREFRONT IN FUNDING VISION RESEARCH AND SUPPORTING PROFESSIONAL AND COMMUNITY EDUCATION IN NORTHEAST OHIO, LEADING TO IMPACTFUL RESULTS THAT ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLEVELAND EYE BANK FOUNDATION SUPPORTED CLEVELAND CLINIC COLE EYE INSTITUTE, UNIVERSITY HOSPITALS WITH $70,000 GRANTS EACH, AKRON CHILDREN'S HOSPITAL VISION CENTER WITH $25,000 TO FUND RESEARCH FOR CURES TO EYE DISEASE AND CONTINUING EDUCATION TO THE PUBLIC REGARDING EYE DISEASE AND CURE RESEARCH. PAID $7,500 TO CWRU SCHOOL OF MEDICINE REPRESENTING THE 2ND YEAR OF OUR 5 YEAR COMMITMENT. ADDITIONLY, $500 WAS GRANTED TO TWO MEDICAL STUDENTS FROM THE SUSAN V. JANSSEN SCHOLARSHIP FUND.
THE CLEVELAND EYE BANK FOUNDATION ORGANIZES AN ANNUAL SYMPOSIUM FOR PROFESSIONALS AND THE PUBLIC TO EDUCATE ALL ON THE CURRENT STATE OF RESEARCH AND CURES FOR EYE DISEASES. CLEVELAND EYE BANK FOUNDATION ALSO REACHES OUT TO THE PUBLIC THROUGH GRASSROOTS EFFORTS TO EDUCATE THE PUBLIC ABOUT VISION RESEARCH, EYE HEALTH AND THE MISSION OF CLEVELAND EYE BANK FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie May Johnson Executive Director | Officer | 40 | $118,950 |
Allen Roth MD Board President | OfficerTrustee | 2 | $0 |
Ted Ward Vice President | OfficerTrustee | 2 | $0 |
Colleen Flynn Goss Secretary | OfficerTrustee | 2 | $0 |
Barry Effron MD Treasurer | OfficerTrustee | 2 | $0 |
Heather Fox Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,130 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,396 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,000 |
| 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. | $122,000 |
| Compensation of current officers, directors, key employees. | $9,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $8,184 |
| Other employee benefits | $8,026 |
| Payroll taxes | $9,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,079 |
| Advertising and promotion | $9,684 |
| Office expenses | $9,416 |
| Information technology | $4,975 |
| Royalties | $0 |
| Occupancy | $4,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $660 |
| Insurance | $2,942 |
| All other expenses | $11,727 |
| Total functional expenses | $400,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99 |
| 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 | $3,272 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,546,470 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,634,933 |
| Accounts payable and accrued expenses | $19,529 |
| Grants payable | $15,000 |
| Deferred revenue | $1,250 |
| 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 | $35,779 |
| Net assets without donor restrictions | $4,473,730 |
| Net assets with donor restrictions | $125,424 |
| 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 | $4,634,933 |
Grants Awarded
Over the last fiscal year, The Cleveland Eye Bank Foundation has awarded $165,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC FOUNDATION PURPOSE: Eye disease research | $70,000 |
UNIVERSITY HOSPITAL EYE INSTITUTE PURPOSE: Eye disease research and education | $70,000 |
AKRON CHILDREN'S HOSPITAL PURPOSE: Eye disease research and education | $25,000 |