Miracles In Sight is located in Winston Salem, NC. The organization was established in 1952. 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 12/2021, Miracles In Sight employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miracles In Sight 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 12/2021, Miracles In Sight generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $12.1m during the year ending 12/2021. While expenses have increased by 3.9% 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.
Since 2015, Miracles In Sight has awarded 26 individual grants totaling $2,546,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NORTH CAROLINA EYE BANK INC D/B/A MIRACLES IN SIGHT IS TO SUPPORT THE RESTORATION, PRESERVATION, AND ENHANCEMENT OF SIGHT THROUGH TRANSPLANT, RESEARCH, EDUCATION AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINICAL SERVICES - IS RESPONSIBLE FOR THE TESTING, EVALUATION AND DISTRIBUTION OF TISSUE FOR TRANSPLANT AND RESEARCH. THEY DETERMINE IF THE TISSUE IS SUITABLE FOR TRANSPLANT AND WORK WITH SURGEONS TO MEET THEIR PATIENTS' NEEDS. THEY ALSO FACILITATE PROVIDING TISSUE TO RESEARCHERS WORKING ON CURES FOR EYE DISEASE SUCH AS MACULAR DEGENERATION AND GLAUCOMA. THE ORGANIZATION IS ONE OF THE LARGEST PROVIDERS OF SCLERA FOR OCULOPLASTIC SURGERY AND GLAUCOMA SURGERY.
RECOVERY SERVICES - OVERSEES THE SURGICAL RECOVERY AND PRESERVATION OF DONOR OCULAR TISSUE.
DONOR CENTER - RECEIVES DONOR REFERRALS AND THEN INITIATES THE SCREENING, DISCLOSURE, AUTHORIZATION AND RECOVERY PROCESS. THEY WORK WITH THE DONOR'S FAMILY TO ENSURE SAFE TISSUE.
471,926 QUALITY SYSTEMS & REGULATORY AFFAIRS - IS RESPONSIBLE FOR THE FORMULATION AND IMPLEMENTATION OF POLICIES AND PROCEDURES RELATED TO DONOR SCREENING, TISSUE RECOVERY, TISSUE PRESERVATION AND SUITABILITY OF TISSUE FOR USE. THEY OVERSEE STAFF TRAINING AND COMPETENCY TESTING, COMPLIANCE WITH INDUSTRY MEDICAL STANDARDS AND APPLICABLE STATE OR FEDERAL REGULATIONS. --- 1,038,036 BUSINESS DEVELOPMENT - PURSUES AND MAINTAINS CURRENT KNOWLEDGE REGARDING OPHTHALMOLOGICAL SURGICAL TRENDS AND EMERGING TECHNIQUES AND CULTIVATES AND STRENGTHENS RELATIONSHIPS WITH SURGEONS AND OTHER PERTINENT PROFESSIONALS BY PROVIDING ONGOING EDUCATION, CUSTOMIZED SUPPORT, AND TIMELY COMMUNICATION. PROMOTES MIS CORE AND SPECIALITY SERVICES AND WORKS IN CONJUNCTION WITH CLINICAL SERVICES TO OPTIMIZE DISTRIBUTION OUTLETS AS IDENTIFIED IN THE MIS STRATEGIC PLAN. --- --- RESEARCH AND DEVELOPMENT - PERFORMS INVESTIGATIVE ACTIVITIES TO IMPROVE MIS EXISTING PRODUCTS, PROCESSES AND SERVICES. SUPPORT THE ORGANIZATION'S GROWTH BY VETTING AND MANAGING THE DEVELOPMENT OF NEW PRODUCTS AND SERVICES USED IN THE OPHTHALMOLOGIC INDUSTRY. --- 953,466 PROFESSIONAL DEVELOPMENT - PROVIDES PROFESSIONAL AND PUBLIC INFORMATION, EDUCATION, AND TRAINING INCLUDING FUNDING TO OTHER NONPROFITS TO FURTHER PROMOTE AND ACHIEVE THESE ACTIVITIES. THIS PROGRAM WORKS CLOSELY WITH HOSPITALS, HOSPICE, AND FUNERAL HOMES TO ENSURE THE DONOR AND FAMILY WISHES FOR DONATION ARE ACHIEVED. THEY PARTICIPATE IN AND SUPPORT DONATE LIFE NORTH CAROLINA, WHICH IS THE PUBLIC EDUCATION GROUP FOR THE STATE. --- 29,617 TRIAD CORNEA COMMUNITY - SUPPORTS TRIAD CORNEA COMMUNITY WHICH LINKS NONPROFIT, EBAA ACCREDITED MEMBERS AND FDA REGISTERED EYE BANKS WITH SURGEONS AND PATIENTS TO PROVIDE A MECHANISM FOR CORNEAL TISSUE REIMBURSEMENT; PARTNERING WITH SEVERAL INSURANCE CARRIERS WHO HAVE CREATED SUPPLEMENTAL VISION INSURANCE PLANS. THESE PLANS INCLUDE FULL COVERAGE OF THE PREPARATION AND PROCESSING COSTS OF THE CORNEA, ONE ADDITIONAL POST- OPERATIVE EXAM AND ONE ADDITIONAL POST-OPERATIVE LENS BENEFIT. --- 10,641 HOSPICE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dean Vavra Retired Pres | Officer | 40 | $300,000 |
Ingrid Schunder President & | Officer | 40 | $164,000 |
Kristen Mccoy VP Surgical | Officer | 40 | $154,960 |
Troy L Win'e VP Strategic | Officer | 40 | $150,000 |
Mike Tramber VP Of Operat | Officer | 40 | $134,775 |
Donna Macdonald Director It | Officer | 40 | $123,600 |
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 | $7,336 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,336 |
Total Program Service Revenue | $11,798,210 |
Investment income | $1,712,606 |
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 | $15,112,420 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
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. | $1,261,347 |
Compensation of current officers, directors, key employees. | $734,712 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,681,881 |
Pension plan accruals and contributions | $252,451 |
Other employee benefits | $705,884 |
Payroll taxes | $362,556 |
Fees for services: Management | $184,723 |
Fees for services: Legal | $49,483 |
Fees for services: Accounting | $58,382 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,297,821 |
Advertising and promotion | $181,068 |
Office expenses | $192,627 |
Information technology | $450,101 |
Royalties | $0 |
Occupancy | $245,760 |
Travel | $230,979 |
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 | $664,362 |
Insurance | $121,921 |
All other expenses | $162,563 |
Total functional expenses | $12,060,711 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,239,039 |
Savings and temporary cash investments | $435,695 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,141,056 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $262,613 |
Prepaid expenses and deferred charges | $170,751 |
Net Land, buildings, and equipment | $3,189,666 |
Investments—publicly traded securities | $15,690,912 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,526,973 |
Other assets | $626,101 |
Total assets | $25,282,806 |
Accounts payable and accrued expenses | $673,446 |
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 | $1,057,353 |
Other liabilities | $0 |
Total liabilities | $1,730,799 |
Net assets without donor restrictions | $23,552,007 |
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 | $25,282,806 |
Over the last fiscal year, Miracles In Sight has awarded $597,500 in support to 10 organizations.
Grant Recipient | Amount |
---|---|
Charleston, SC PURPOSE: STORM EYE FELLOW | $75,000 |
Charleston, SC PURPOSE: STORM EYE FELLOW | $75,000 |
Charleston, SC PURPOSE: STORM EYE FELLOW | $75,000 |
Charleston, SC PURPOSE: STORM EYE FELLOW | $75,000 |
Chapel Hill, NC PURPOSE: CORNEAL FELLOW | $50,000 |
Chapel Hill, NC PURPOSE: CORNEAL FELLOW | $50,000 |
Over the last fiscal year, we have identified 1 grants that Miracles In Sight has recieved totaling $11,000.
Awarding Organization | Amount |
---|---|
Winston-Salem Industries For The Blind Inc Winstonsalem, NC PURPOSE: GENERAL PROGRAM SUPPORT | $11,000 |
Organization Name | Assets | Revenue |
---|---|---|
Washington Regional Transplant Community Falls Church, VA | $38,383,389 | $23,486,239 |
Miracles In Sight Winston Salem, NC | $25,282,806 | $15,112,420 |
Mid-South Transplant Foundation Inc Cordova, TN | $10,965,203 | $13,974,113 |
Association Of Organ Procurement Organization Mclean, VA | $5,098,347 | $1,301,962 |
National Foundation For Transplants Inc Memphis, TN | $1,969,984 | $2,489,249 |
Old Dominion Eye Foundation Inc Richmond, VA | $3,389,966 | $2,344,556 |
East Tennessee Lions Eye Bank Knoxville, TN | $4,015,970 | $2,007,043 |
Restore Life Usa Inc Elizabethton, TN | $851,051 | $1,598,692 |
North American Transplant Coordinators Organization Oak Hill, VA | $991,443 | $821,100 |
Tennessee County Clerks Organ Donor Awareness Foundation Nashville, TN | $284,073 | $318,988 |
Donate Life South Carolina Greenville, SC | $176,702 | $307,516 |
Georgia Extension 4-H Foundation Griffin, GA | $78,285 | $0 |