Minnesota Lions Vision Foundation Inc
- Assets
- $7.5m
- Revenue
- $7.1m
- Investments
- $4.3m
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 06/1993
- Data as of
- 06/2023
- EIN
- 41-6026488
Organization Overview
Minnesota Lions Vision Foundation Inc is located in Saint Paul, MN. The organization was established in 1993. 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. Minnesota Lions Vision 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 06/2023, Minnesota Lions Vision Foundation Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.8m 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
TO IMPROVE VISION BY PROVIDING FISCAL OVERSIGHT AND OPERATING FUNDS FOR THE MN LIONS EYE BANK, BY RAISING FUNDS FOR THE UNIVERSITY OF MINNESOTA DEPARTMENT OF OPHTHALMOLOGY PRIORITIES, AND BY EDUCATION THE PUBLIC ABOUT EYE DONATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDS FOR THE UNIVERSITY OF MINNESOTA DEPARTMENT OF OPHTHALMOLOGY & VISUAL NEUROSCIENCES TO SUPPORT THE OPERATIONS OF AN EYE BANK, AND FOR THE PURCHASE OF RESEARCH EQUIPMENT.
RECOGNIZE DONORS OF MONEY AND EYE TISSUE TO THE ORGANIZATION, AND TO RAISE AWARENESS OF THE EYE BANK TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Hed Chair | OfficerTrustee | 5 | $0 |
Jack Krage Vice Chair | OfficerTrustee | 5 | $0 |
Mary Mcnellis Treasurer | OfficerTrustee | 15 | $0 |
Nancy Mathwig Secretary | OfficerTrustee | 20 | $0 |
Jeff Swenson Trustee | Trustee | 1 | $0 |
Nadeen Lunde Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,059 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $327,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,906 |
| Total Program Service Revenue | $6,791,899 |
| Investment income | $2,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,977 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,123,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $132,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,915,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $621,289 |
| Payroll taxes | $223,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,332 |
| Fees for services: Lobbying | $20,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,652 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,137 |
| Travel | $257,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,993 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $118,513 |
| Total functional expenses | $6,803,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800,532 |
| Savings and temporary cash investments | $429,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $951,148 |
| 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 | $28,905 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,268,072 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,478,270 |
| Accounts payable and accrued expenses | $1,177,936 |
| Grants payable | $1,250,000 |
| 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 | $0 |
| Total liabilities | $2,427,936 |
| Net assets without donor restrictions | $5,050,334 |
| 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 | $7,478,270 |
Grants Awarded
Over the last fiscal year, Minnesota Lions Vision Foundation Inc has awarded $132,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: TO SUPPORT THE OPERATIONS OF AN EYE BANK, AND FOR THE PURCHASE OF RESEARCH EQUIPMENT. | $125,000 |
LIONS EYEGLASSES RECYCLING CENTER PURPOSE: TO SUPPORT THE OPERATIONS OF THE RECYCLING CENTER. | $7,000 |