Keralink International Inc
- Assets
- $23.7m
- Revenue
- $432.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Baltimore, MD
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 52-1290067
Organization Overview
Keralink International Inc is located in Baltimore, MD. The organization was established in 1984. 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 12/2022, Keralink International Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keralink International 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 12/2022, Keralink International Inc generated $432.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (45.4%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP & IMPLEMENT INNOVATIVE PROGRAMS, PRODUCTS, AND SERVICES TO ELIMINATE CORNEAL BLINDNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF INNOVATIVE PROGRAMS, PRODUCTS, AND SERVICES TO ELIMINATE CORNEAL BLINDNESS GLOBALLY.SEE SCHEDULE O FOR MORE DETAIL ON PENSION ACCRUAL AND CONTRIBUTION EXPENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Vossekuil Director | Trustee | 1 | $0 |
C Thomas Vangsness Jr MD Director | Trustee | 1 | $0 |
Christopher Helmrath Director | Trustee | 1 | $0 |
David Green President - Second Half Of Year | OfficerTrustee | 40 | $81,559 |
Douglas J Furlong Chairman | OfficerTrustee | 4.5 | $0 |
Ellen Koo MD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Gaffin Group Consultant | 12/30/21 | $135,478 |
David Green Consultant | 12/30/21 | $125,000 |
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 | $3,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,051 |
| Total Program Service Revenue | $0 |
| Investment income | $282,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $146,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $432,474 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $547,876 |
| Compensation of current officers, directors, key employees. | $96,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,907 |
| Pension plan accruals and contributions | $1,022,886 |
| Other employee benefits | $14,491 |
| Payroll taxes | $66,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $240,846 |
| Fees for services: Accounting | $44,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,137 |
| Fees for services: Other | $335,820 |
| Advertising and promotion | $0 |
| Office expenses | $28,368 |
| Information technology | $57,737 |
| Royalties | $0 |
| Occupancy | $25,168 |
| Travel | $117,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,918 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,422 |
| Insurance | $57,540 |
| All other expenses | $0 |
| Total functional expenses | $2,934,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,002,804 |
| Savings and temporary cash investments | $0 |
| 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 | $56,371 |
| Net Land, buildings, and equipment | $22,319 |
| Investments—publicly traded securities | $22,434,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $149,851 |
| Other assets | $0 |
| Total assets | $23,666,262 |
| Accounts payable and accrued expenses | $515,290 |
| 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 | $515,290 |
| Net assets without donor restrictions | $23,150,972 |
| 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 | $23,666,262 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Priory In The Us Of Amer Of The Mst Ven Ord Of The Hosp Of St John Washington, DC | $8,155,849 | $5,839,179 |
Keralink International Inc Baltimore, MD | $23,666,262 | $432,474 |
Old Dominion Eye Foundation Inc Richmond, VA | $3,914,784 | $2,804,480 |
Eye Bank Association Of America Inc Washington, DC | $10,738,353 | $3,337,513 |
North American Transplant Coordinators Organization Oak Hill, VA | $1,395,173 | $1,209,606 |
Lions Eye Bank Of Nw Pa Inc Erie, PA | $365,311 | $478,390 |
Andy Talley Bone Marrow Foundation Devon, PA | $384,471 | $387,047 |
Lions Club Of Erie Save-An-Eye Fund Inc Erie, PA | $94,837 | $0 |
Association Of Organ Procurement Organization Mclean, VA | $1,267,111 | $16,702 |
Team Pittsburgh Transplant Pittsburgh, PA | $69,895 | $0 |