Old Dominion Eye Foundation Inc
- Assets
- $3.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 28
- Location
- Richmond, VA
- Founding
- 01/1964
- Data as of
- 06/2023
- EIN
- 54-0699616
Organization Overview
Old Dominion Eye Foundation Inc is located in Richmond, VA. The organization was established in 1964. 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 06/2023, Old Dominion Eye Foundation Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Dominion 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, Old Dominion Eye Foundation Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 SUPPLY HUMAN EYE TISSUE FOR TRANSPLANT/RESEARCH/TEACHING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EYE BANK AND RELATED SERVICES. THE MAIN PURPOSES ARE TO SUPPLY HUMAN EYE TISSUE FOR CORNEAL TRANSPLANTS, RESEARCH AND TEACHING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Proctor Exec Directo | OfficerTrustee | 40 | $125,920 |
Emily Carnes Director | Trustee | 1 | $0 |
Chris Estopinal Director | Trustee | 1 | $0 |
Leighann Hochstrasser Finance Chai | OfficerTrustee | 1 | $0 |
Mary Jackson Immediate Pa | OfficerTrustee | 1 | $0 |
Sharon Jett Director | Trustee | 1 | $0 |
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 | $561,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $561,060 |
| Total Program Service Revenue | $2,235,366 |
| Investment income | $79,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$74,810 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,804,480 |
| 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. | $152,398 |
| Compensation of current officers, directors, key employees. | $152,398 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,292,019 |
| Pension plan accruals and contributions | $20,529 |
| Other employee benefits | $85,258 |
| Payroll taxes | $109,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,937 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,530 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $137,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,406 |
| Travel | $63,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,936 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,263 |
| Insurance | $34,140 |
| All other expenses | $1,171 |
| Total functional expenses | $2,760,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,272 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,275 |
| 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 | $23,628 |
| Net Land, buildings, and equipment | $94,034 |
| Investments—publicly traded securities | $2,722,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,655 |
| Total assets | $3,914,784 |
| Accounts payable and accrued expenses | $167,783 |
| 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 | $537,622 |
| Total liabilities | $705,405 |
| Net assets without donor restrictions | $3,209,379 |
| 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 | $3,914,784 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-South Transplant Foundation Inc Cordova, TN | $12,715,400 | $16,561,324 |
Miracles In Sight Winston Salem, NC | $23,742,418 | $16,603,118 |
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 |
National Foundation For Transplants Inc Memphis, TN | $26,291 | $1,013,565 |
East Tennessee Lions Eye Bank Knoxville, TN | $4,076,193 | $1,969,682 |
Restore Life Usa Inc Elizabethton, TN | $1,272,451 | $1,809,279 |
North American Transplant Coordinators Organization Oak Hill, VA | $1,395,173 | $1,209,606 |
Tennessee County Clerks Organ Donor Awareness Foundation Nashville, TN | $303,216 | $376,568 |
Association Of Organ Procurement Organization Mclean, VA | $1,267,111 | $16,702 |