Indiana Lions Eye Bank Inc
- Assets
- $17.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Carmel, IN
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 35-6055789
Organization Overview
Indiana Lions Eye Bank Inc, operating under the name Visionfirst Indiana Lions Eye Bank, is located in Carmel, IN. The organization was established in 2002. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. As of 12/2023, Visionfirst Indiana Lions Eye Bank employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Visionfirst Indiana Lions Eye Bank 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, Visionfirst Indiana Lions Eye Bank generated $6.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING QUALITY OF LIFE THROUGH EYE TRANSPLANTATION, MEDICAL RESEARCH, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISIONFIRST PROVIDED CORNEAS AND OTHER TISSUE TO HELP ENHANCE AND RENEW THE LIVES OF NUMEROUS INDIVIDUALS. DURING THIS PERIOD OVER 2,500 SIGHT-RESTORING TRANSPLANTS AND COUNTLESS TISSUE SURGERIES WERE PERFORMED USING TISSUE THAT WAS SCREENED, RECOVERED, TESTED, PROCESSED, AND DISTRIBUTED BY ILEB. CORNEAS ARE DISTRIBUTED FOR LOCAL SURGERIES FIRST, THEN NATIONAL AND FINALLY TO MORE THAN 10 COUNTRIES GLOBALLY. VISIONFIRST RECOVERS RESEARCH TISSUE FOR SPECIFIC STUDIES (GLAUCOMA, MACULAR DEGENERATION, CELL GROWTH, ETC.) ALONG WITH MAKING AVAILABLE TISSUES FOR RESEARCH WHICH ARE NOT SUITABLE FOR TRANSPLANTATION. PUBLIC AND COMMUNITY EDUCATION IS PERFORMED TO PROMOTE TISSUE DONATION AND INFORM THE PUBLIC ABOUT TRANSPLANTATION. OTHER SERVICES INCLUDE TRAINING OF HOSPITAL STAFF AND BEREAVEMENT SUPPORT FOR FAMILIES.
THE OPERATION KIDSIGHT PROGRAM IS AN OPERATING UNIT OF VISIONFIRST. IT IS A STATEWIDE VISION-SCREENING PROGRAM THAT WORKS TO IDENTIFY TREATABLE OR PREVENTABLE CAUSES OF BLINDNESS IN PRESCHOOL AGED CHILDREN (AGES 1-5). APPROXIMATELY 12,000 CHILDREN WERE SCREENED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Thomas Chairman | OfficerTrustee | 3 | $0 |
Kevin Roe Past Chairman | OfficerTrustee | 1 | $0 |
Lew King Treasurer | OfficerTrustee | 1 | $0 |
Christine Woodward Secretary | OfficerTrustee | 1 | $0 |
Vicki Morris Vice Chairman | OfficerTrustee | 1 | $0 |
Mark Owens Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Indiana Donor Network Organ Recovery | 12/30/16 | $342,127 |
Indiana Donor Network Organ Recovery | 12/30/16 | $342,127 |
Vrl Laboratories Serology Testing | 12/30/16 | $226,165 |
Vision Share Ordering Services | 12/30/16 | $103,777 |
Vrl Laboratories Serology Testing | 12/30/16 | $226,165 |
Vision Share Ordering Services | 12/30/16 | $103,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,448 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,431 |
| Total Program Service Revenue | $6,201,152 |
| Investment income | $320,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$55,871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,505,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,250 |
| Grants and other assistance to domestic individuals. | $22,039 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $672,119 |
| Compensation of current officers, directors, key employees. | $53,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,658,568 |
| Pension plan accruals and contributions | $108,276 |
| Other employee benefits | $237,350 |
| Payroll taxes | $160,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,973 |
| Fees for services: Other | $926,188 |
| Advertising and promotion | $77,809 |
| Office expenses | $470,324 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,604 |
| Travel | $90,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,302 |
| Interest | $8,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,502 |
| Insurance | $53,291 |
| All other expenses | $0 |
| Total functional expenses | $5,834,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $923,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,290,306 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,802 |
| Prepaid expenses and deferred charges | $11,172 |
| Net Land, buildings, and equipment | $5,008,404 |
| Investments—publicly traded securities | $9,153,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $490,797 |
| Total assets | $16,987,550 |
| Accounts payable and accrued expenses | $471,298 |
| 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 | $40,715 |
| Total liabilities | $512,013 |
| Net assets without donor restrictions | $16,475,537 |
| 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 | $16,987,550 |
Grants Awarded
Over the last fiscal year, Indiana Lions Eye Bank Inc has awarded $32,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERAL SUPPORT TO FURTHER THE ORGANIZATION'S MISSION | $5,000 |
THE INTERNATIONAL ASSOCIATION OF LIONS CLUBS PURPOSE: TO PURCHASE CAMERA EQUIPMENT FOR USE BY THE ORGANIZATION. | $11,400 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: GENERAL SUPPORT TO FURTHER THE ORGANIZATION'S MISSION | $5,000 |
THE INTERNATIONAL ASSOCIATION OF LIONS CLUBS PURPOSE: TO PURCHASE CAMERA EQUIPMENT FOR USE BY THE ORGANIZATION. | $11,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cota Childrens Organ Transplant Association Inc Bloomington, IN | $44,330,494 | $9,039,554 |
Vision Share Inc Chicago, IL | $3,581,367 | $7,407,111 |
Indiana Lions Eye Bank Inc Carmel, IN | $16,987,550 | $6,505,351 |
Lions Eye Bank Of Wisconsin Inc Madison, WI | $9,167,858 | $5,542,731 |
Anatomical Gift Association Chicago, IL | $1,872,231 | $1,151,330 |
Cornea360 Kansas City, MO | $0 | $596,315 |
Iopo Foundation Inc Indianapolis, IN | $830,367 | $397,995 |
National Body Donor Program St Louis, MO | $16,145 | $218,000 |
International Association Of Lions Clubs Washington, MO | $282,321 | $0 |
Donna Frett Organ Donation Foundation Mchenry, IL | $0 | $0 |
Eversight Illinois Chicago, IL | $0 | $0 |