Georgia Eye Bank Inc
- Assets
- $18.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 47
- Location
- Atlanta, GA
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 58-1371513
Organization Overview
Georgia Eye Bank Inc is located in Atlanta, GA. The organization was established in 1980. 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 12/2021, Georgia Eye Bank Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Eye Bank 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 12/2021, Georgia Eye Bank Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN THE FIGHT AGAINST BLINDNESS AND VISUAL IMPAIRMENT, GEORGIA EYE BANK, INC. RECOVERS, PROCESSES AND PROVIDES DONOR EYE TISSUE FOR EYE SURGERIES AND EYE RESEARCH STUDIES. IN ADDITION, GEORGIA EYE BANK, INC. PROMOTES AND PROVIDES EDUCATION PERTAINING TO EYE DONATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE FIGHT AGAINST BLINDNESS AND VISUAL IMPAIRMENT, GEORGIA EYE BANK, INC. RECOVERS, PROCESSES, AND PROVIDES DONOR EYE TISSUE FOR TRANSPLANT AND RESEARCH. THE EYE BANK ALSO PROMOTES AND PROVIDES EDUCATION PERTAINING TO EYE DONATION. IN 2021, THE EYE BANK PROVIDED OVER 1,700 SIGHT-RESTORING CORNEAS FOR TRANSPLANT, MANY OF WHICH WERE PROVIDED FOR A REDUCED PROCESSING REIMBURSEMENT OR GRATIS. REGISTERED WITH THE U.S. FOOD & DRUG ADMINISTRATION AND ACCREDITED BY THE EYE BANK ASSOCIATION OF AMERICA, GEORGIA EYE BANK, INC. OPERATES UNDER STRICT MEDICAL, ETHICAL AND PROFESSIONAL STANDARDS.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric E Meinecke Pres/ceo/trustee | OfficerTrustee | 60 | $233,250 |
David A Thompson Chief Fin Admin Ofcr | Officer | 50 | $169,866 |
Saira Quraishy Mgr, Tech Operations | 50 | $117,700 | |
Susan Littlefield Mgr, Quality Sys/reg | 50 | $105,000 | |
Janice Sedgwick Mgr. Public & Prof R | 50 | $102,191 | |
Bruce L Dick Secretary/trustee | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,399 |
| Total Program Service Revenue | $6,213,699 |
| Investment income | $120,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $209,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,754,621 |
| 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. | $403,117 |
| Compensation of current officers, directors, key employees. | $202,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,931,202 |
| Pension plan accruals and contributions | $309,520 |
| Other employee benefits | $196,992 |
| Payroll taxes | $172,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,440 |
| Fees for services: Other | $339,657 |
| Advertising and promotion | $0 |
| Office expenses | $70,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $407,750 |
| Travel | $18,926 |
| 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 | $124,111 |
| Insurance | $48,530 |
| All other expenses | $446,943 |
| Total functional expenses | $5,925,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,646,486 |
| Savings and temporary cash investments | $269,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $591,946 |
| 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 | $179,554 |
| Net Land, buildings, and equipment | $483,196 |
| Investments—publicly traded securities | $11,448,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,619,601 |
| Accounts payable and accrued expenses | $235,824 |
| 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 | $486,719 |
| Total liabilities | $722,543 |
| Net assets without donor restrictions | $17,697,058 |
| Net assets with donor restrictions | $200,000 |
| 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 | $18,619,601 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Georgia Eye Bank Inc has recieved totaling $52,093.
| Awarding Organization | Amount |
|---|---|
Martha And Wilton Looney Foundation Inc Atlanta, GA PURPOSE: TO PROVIDE FINANCIAL ASSISTANCE FOR EXEMPT ACTIVITIES | $50,000 |
William E Honey Foundation Inc Conyers, GA PURPOSE: UNRESTRICTED | $1,000 |
Roderick Seward Flossie Ratcliff And Helen M Galloway Foundation Sandy Springs, GA PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Endowment Analysis
| Beg. Balance | $200,000 |
| Earnings | $2,262 |
| Other Expense | -$2,262 |
| Ending Balance | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Wlrn Inc Miami, FL | $36,063,616 | $13,544,758 |
Georgia Cooperative Services For The Blind Inc Snellville, GA | $28,494,094 | $9,142,044 |
Georgia Eye Bank Inc Atlanta, GA | $18,619,601 | $6,754,621 |
Metrolina Association For The Blind Inc Charlotte, NC | $1,978,768 | $3,646,463 |
Meyer Center For Special Children Greenville, SC | $6,846,840 | $4,538,685 |
Tampa Lighthouse For The Blind Inc Tampa, FL | $7,196,265 | $3,320,229 |
Lighthouse Of Broward County Inc Fort Lauderdale, FL | $8,183,594 | $3,362,411 |
Southern Council Of Optometrists Atlanta, GA | $3,597,843 | $3,344,047 |
Downtown Visions Inc Jacksonville, FL | $2,015,656 | $3,070,632 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Center For The Visually Impaired Inc Daytona Beach, FL | $2,727,294 | $3,581,895 |
International Retinal Research Foundation Inc Birmingham, AL | $29,800,407 | $2,481,760 |