Washington National Eye Center Inc
- Assets
- $922.7k
- Revenue
- $949.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 11/1984
- Data as of
- 06/2021
- EIN
- 52-1325467
Organization Overview
Washington National Eye Center Inc is located in Washington, DC. The organization was established in 1984. 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 06/2021, Washington National Eye Center Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington National Eye Center 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 06/2021, Washington National Eye Center Inc generated $949.1k 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 (3.1%) each year. All expenses for the organization totaled $504.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 6 years. 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
PROVIDE THE BEST EYE CARE TO MEMBERS OF OUR COMMUNITY. EDUCATE OUR OPHTAHMOLOGY RESIDENTS TO THE HIGHEST STANDARDS OF EXCELLENCE IN CARE OF OPHTHALMOLOGY TODAY. EXPLORE AND DISSMINATE NEW DISCOVERIES THAT WILL ENCOURAGE POSSIBLE EYE CARE. ...
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE THE BEST EYE CARE TO MEMBERS OF OUR COMMUNITY. EDUCATE OUR OPHTHALMOLOGY RESIDENTS TO THE HIGHEST STANDARDS OF EXCELLENCE IN CARE OF OPHTHALMOLOGY TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penelope Helfgott Secretary | Trustee | 0 | $139,958 |
Frank Ashburn MD Chairman | Trustee | 0 | $0 |
Jay Lustibader MD President | Trustee | 0 | $0 |
Michael Lai MD Vice-President | Trustee | 0 | $0 |
Eric Fleischer MD Treasuer | Trustee | 0 | $0 |
Stacy Bang MD At Large | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,853 |
| All other contributions, gifts, grants, and similar amounts not included above | $469,564 |
| Noncash contributions included in lines 1a–1f | $550,256 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,417 |
| Total Program Service Revenue | $401,680 |
| Investment income | $0 |
| 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 | $949,097 |
| 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. | $139,958 |
| Compensation of current officers, directors, key employees. | $47,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $42,252 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $36,545 |
| Total functional expenses | $504,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $796,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,687 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $922,683 |
| 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 | $922,683 |
| 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 | $922,683 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington National Eye Center Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Alice And Russell True Foundation Washington, DC PURPOSE: TO PROVIDE CARE TO INDIGENT DC RESIDENTS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of The Blind Inc Baltimore, MD | $35,001,742 | $21,045,026 |
University Of Maryland Eye Association Pa Baltimore, MD | $2,137,638 | $8,234,651 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Prevention Of Blindness Society Of Metropolitan Washington Inc Washington, DC | $29,901,307 | $2,060,250 |
Contact Lens Institute Washington, DC | $782,895 | $921,247 |
Needles Eye Ministries Inc Richmond, VA | $1,580,056 | $1,458,314 |
Maryland Optometric Association Inc Stevenson, MD | $855,087 | $600,753 |
Maryland Society For Sight Inc C/O Joanne Waeltermann Glyndon, MD | $0 | $246,504 |
Washington National Eye Center Inc Washington, DC | $922,683 | $949,097 |
Sixteen Hundred Eye Street Corp Washington, DC | $0 | $480,093 |