Aravind Eye Foundation
- Assets
- $3.0m
- Revenue
- $454.7k
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 38-3532410
Organization Overview
Aravind Eye Foundation, operating under the name Aravind Eye Foundation Inc, is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Aravind Eye Foundation 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 12/2021, Aravind Eye Foundation Inc generated $454.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 4.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF ARAVIND, INC., DOING BUSINESS AS THE ARAVIND EYE FOUNDATION, INC. ("AEF") SINCE 2011, IS A NOT-FOR-PROFIT ORGANIZATION THAT HELPS THE ARAVIND EYE CARE SYSTEM ("AECS") IN INDIA SPREAD ITS MODEL OF SUSTAINABLE, HIGH-QUALITY EYE CARE TO INDIA'S RURAL POPULATIONS AND TO OTHER DEVELOPING COUNTRIES. AEF PROVIDES FUNDING FOR CAPACITY BUILDING, COMMUNITY OUTREACH, TRAINING AND EDUCATION, AND MEDICAL RESEARCH TO HELP AECS ACHIEVE ITS VISION OF ELIMINATING NEEDLESS BLINDNESS WORLDWIDE. IN 2020, AEF MADE GRANTS TO PROVIDE EYE GLASSES TO UNDERPRIVILEGED SCHOOL CHILDREN IN THE INDIA STATES OF TAMIL NADU AND PONDICHERRY, TO TREAT PATIENTS AND TO ADVANCE RESEARCH AND TESTING FOR GENETIC FORMS OF EYE CANCER, TO PROVIDE EQUIPMENT AND TRAINING TO EYE HOSPITALS IN SOUTH ASIA AND AFRICA, AND TO PROVIDE PERSONAL PROTECTION EQUIPMENT AND OTHER SAFEGUARDS AGAINST COVID-19.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARAVIND EYE FOUNDATION SUPPORTS THE ARAVIND EYE CARE SYSTEM IN ITS MISSION TO ELIMINATE NEEDLESS BLINDNESS BY FUNDING ITS PROJECT DIVISIONS INCLUDING CAPACITY BUILDING, COMMUNITY OUTREACH, RESEARCH, TRAINING AND EDUCATION, SPECTACLES FOR SCHOOL CHILDREN, AND RING OF HOPE, WHICH PROVIDES TREATMENT FOR CHILDREN WITH EYE CANCER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Campbell Executive Dir. | Officer | 20 | $14,458 |
Dr R Christine Melton President | OfficerTrustee | 3 | $0 |
Dr Aravind Srinivasan Vice President | OfficerTrustee | 1 | $0 |
Sriram Viswanathan Vice President | OfficerTrustee | 1 | $0 |
Chitra Prasad Treasurer/secre | OfficerTrustee | 3 | $0 |
Pavithra Mehta Board Member | Trustee | 1 | $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 | $371,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,675 |
| Total Program Service Revenue | $0 |
| Investment income | $72,260 |
| 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 | $454,694 |
| 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 | $1,533,718 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation of current officers, directors, key employees. | $16,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,549 |
| Payroll taxes | $1,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $187 |
| Fees for services: Accounting | $10,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,671 |
| Advertising and promotion | $0 |
| Office expenses | $9,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,609,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,170 |
| Savings and temporary cash investments | $739,844 |
| Pledges and grants receivable | $127,127 |
| 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 | $3,137 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,011,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,018,003 |
| Accounts payable and accrued expenses | $3,108 |
| 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 | $3,108 |
| Net assets without donor restrictions | $1,296,178 |
| Net assets with donor restrictions | $1,718,717 |
| 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 | $3,018,003 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Aravind Eye Foundation has recieved totaling $40,338.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,338 |
Madison Community Foundation Madison, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
Endowment Analysis
| Beg. Balance | $1,260,487 |
| Earnings | $102,402 |
| Admin Expense | $498 |
| Ending Balance | $1,362,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Health Of Quincy Inc Southborough, MA | $18,309,564 | $19,847,469 |
Apis Services Inc Reading, PA | $60,776,008 | $15,713,327 |
New York State Health Foundation New York, NY | $362,119,820 | $12,287,243 |
Childrens Specialized Hospital Foundation Inc Mountainside, NJ | $118,333,795 | $21,767,300 |
Hospital For Special Surgery Fund Inc New York, NY | $132,917,931 | $24,476,361 |
Overlook Foundation Summit, NJ | $124,262,093 | $22,064,217 |
Broadline Risk Retention Group Inc Colchester, VT | $135,251,113 | $22,474,493 |
Deborah Hospital Foundation Browns Mills, NJ | $27,360,210 | $10,833,977 |
The Childrens Hospital Of Buffalo Foundation Buffalo, NY | $94,191,581 | $13,115,103 |
The St Francis Hospital Foundation Inc Roslyn, NY | $262,392,526 | $17,931,065 |
Lankenau Medical Center Foundation Wynnewood, PA | $483,355,098 | $35,694,086 |
Monmouth Medical Center Foundation Inc Oceanport, NJ | $47,507,975 | $18,905,693 |