Knights Templar Eye Foundation Inc
- Assets
- $158.1m
- Revenue
- $241.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Flower Mound, TX
- Founding
- 05/1957
- Data as of
- 06/2023
- EIN
- 52-0686958
Organization Overview
Knights Templar Eye Foundation Inc is located in Flower Mound, TX. The organization was established in 1957. 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 06/2023, Knights Templar Eye Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knights Templar 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 06/2023, Knights Templar Eye Foundation Inc generated $241.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $6.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Knights Templar Eye Foundation Inc has awarded 517 individual grants totaling $31,241,603. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE VISION THROUGH RESEARCH, EDUCATION, AND SUPPORTING ACCESS TO CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EYE RESEARCH GRANTS TO HOSPITALS, FOUNDATIONS, AND SCHOOLS.
GRANT TO THE FOUNDATION OF THE AMERICAN ACADEMY OF OPHTHALMOLOGY FOR THE PEDIATRIC IRIS REGISTRY - THE NATION'S FIRST ELECTRONIC HEALTH RECORD-BASED COMPREHENSIVE EYE DISEASE AND CONDITION REGISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey N Nelson Trustee-Past Pres. | Trustee | 0.3 | $0 |
David J Kussman President | OfficerTrustee | 5 | $0 |
Jack M Harper II Vice-President | OfficerTrustee | 5 | $0 |
Jeffrey A Bolstad Vice-President | OfficerTrustee | 5 | $0 |
Bobby B Simmons Treasurer | OfficerTrustee | 2 | $0 |
Lawrence E Tucker Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dmc Print Services Printing | 6/29/23 | $155,768 |
Mjo Data Data Service | 6/29/23 | $119,295 |
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 | $1,722,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,722,401 |
| Total Program Service Revenue | $0 |
| Investment income | $4,467,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,762,012 |
| Net Income from Fundraising Events | $779,648 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,360,165 |
| 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. | $102,049 |
| Compensation of current officers, directors, key employees. | $83,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,409 |
| Pension plan accruals and contributions | $10,287 |
| Other employee benefits | $0 |
| Payroll taxes | $25,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,820 |
| Fees for services: Accounting | $38,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $821,252 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $49,661 |
| Information technology | $131,214 |
| Royalties | $0 |
| Occupancy | $49,961 |
| Travel | $19,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,483 |
| Insurance | $21,304 |
| All other expenses | $27,210 |
| Total functional expenses | $6,271,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,364 |
| Savings and temporary cash investments | $6,459,998 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $27,284 |
| Investments—publicly traded securities | $151,252,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,530 |
| Total assets | $158,077,794 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $146,393,076 |
| Net assets with donor restrictions | $11,684,718 |
| 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 | $158,077,794 |
Grants Awarded
Over the last fiscal year, Knights Templar Eye Foundation Inc has awarded $4,355,418 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC PURPOSE: EYE RESEARCH GRANT | $80,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: EYE RESEARCH GRANT | $80,000 |
HAMILTON EYE INSTITUTE PURPOSE: EYE RESEARCH GRANT | $10,000 |
BOSTON CHILDREN'S HOSPITAL PURPOSE: EYE RESEARCH GRANT | $10,000 |
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: EYE RESEARCH GRANT | $10,000 |
ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI PURPOSE: EYE RESEARCH GRANT | $79,921 |