Restoringvision
- Assets
- $3.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 35
- Location
- San Francisco, CA
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-4920275
Organization Overview
Restoringvision is located in San Francisco, CA. The organization was established in 2013. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Restoringvision employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoringvision 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, Restoringvision generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $4.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Restoringvision has awarded 16 individual grants totaling $421,198. 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
TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORINGVISION'S PROGRAMS ARE IMPLEMENTED IN PARTNERSHIP WITH AN UNPARALLELED NETWORK OF 2,500 NGOS AND GOVERNMENT AGENCY PARTNERS. WE HAVE TWO PROGRAMS, OUR GLOBAL ACCESS PROGRAM AND COMMUNITY OUTREACH PROGRAM, WHICH COLLECTIVELY REACH 3.5 MILLION PEOPLE ANNUALLY WITH THE VISION SERVICES AND EYEGLASSES THEY NEED TO SEE CLEARLY IN ORDER TO LIVE INDEPENDENT, PRODUCTIVE, AND HEALTHY LIVES. OUR PROGRAMS FOCUS PRIMARILY ON THE PROVISION OF VISION SCREENINGS AND READING GLASSES TO ADDRESS PRESBYOPIA, WHICH IMPACTS 826 MILLION PEOPLE WORLDWIDE. WE ALSO ADDRESS OTHER EYE ISSUES INCLUDING MYOPIA THROUGH THE PROVISION OF EYE EXAMS AND MINUS GLASSES FOR ADULTS AND CHILDREN AND THE PROVISION OF PROTECTIVE SUNGLASSES TO PREVENT THE EARLY ONSET OF CATARACTS AND OTHER EYE DISEASES. CONSISTENT WITH OUR STRATEGIC PLAN, WE ARE INCREASING OUR FOOTPRINT IN AFRICA, REACHING MORE REFUGEES, AND BUILDING LOCAL PROGRAMS TO ENSURE SUSTAINABLE ACCESS TO VISION SERVICES FOR PEOPLE LIVING IN POVERTY. THIS YEAR WE WILL REACH 100 COUNTRIES AND SCALE OUR WORK IN 18 COUNTRIES. SINCE OUR FOUNDING IN 2003, WE HAVE REACHED OVER 20 MILLION PEOPLE IN 144 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hassey Board Chair | OfficerTrustee | 10 | $0 |
Erwin Cho Secretary | OfficerTrustee | 1 | $0 |
Reade Fahs Director | Trustee | 1 | $0 |
Chris Harris Director | Trustee | 1 | $0 |
Myles Lewis Director | Trustee | 1 | $0 |
Pelin Munis CEO | OfficerTrustee | 50 | $203,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,230,427 |
| Noncash contributions included in lines 1a–1f | $354,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,333,790 |
| Total Program Service Revenue | $338,243 |
| Investment income | $363 |
| 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 | $3,676,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,228 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,956,829 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $358,400 |
| Compensation of current officers, directors, key employees. | $53,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $710,311 |
| Pension plan accruals and contributions | $15,377 |
| Other employee benefits | $45,662 |
| Payroll taxes | $80,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,935 |
| Fees for services: Accounting | $51,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,856 |
| Advertising and promotion | $71,210 |
| Office expenses | $14,591 |
| Information technology | $50,109 |
| Royalties | $0 |
| Occupancy | $23,988 |
| Travel | $25,159 |
| 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 | $7,573 |
| All other expenses | $0 |
| Total functional expenses | $4,115,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,144 |
| Savings and temporary cash investments | $1,959,838 |
| Pledges and grants receivable | $9,015 |
| 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 | $1,753,967 |
| Prepaid expenses and deferred charges | $5,300 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,851,264 |
| Accounts payable and accrued expenses | $1,393,320 |
| 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 | $1,393,320 |
| Net assets without donor restrictions | $2,457,944 |
| 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 | $3,851,264 |
Grants Awarded
Over the last fiscal year, Restoringvision has awarded $106,048 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICARES PURPOSE: GLASSES DISTRIBUTED TO CHARITABLE PARTNERS | $84,608 |
NAVAJO NATION PURPOSE: GLASSES DISTRIBUTED TO CHARITABLE PARTNERS | $10,000 |
TOHONO O'ODHAM TRIBE PURPOSE: GLASSES DISTRIBUTED TO CHARITABLE PARTNERS | $6,250 |
CHARITYVISION INTERNATIONAL PURPOSE: GLASSES DISTRIBUTED TO CHARITABLE PARTNERS | $5,190 |