World Cataract Foundation
- Assets
- $1.4m
- Revenue
- $165.8k
- Investments
- $943.2k
- Employees
- 2
- Location
- Memphis, TN
- Founding
- 06/1982
- Data as of
- 06/2022
- EIN
- 58-1463010
Organization Overview
World Cataract Foundation is located in Memphis, TN. The organization was established in 1982. As of 06/2022, World Cataract Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Cataract Foundation 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 06/2022, World Cataract Foundation generated $165.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $165.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WORLD CATARACT FOUNDATION PROVIDES HUMANITARIAN SERVICES HELPING THE WORLD TO SEE BY ELIMINATING CATARACT BLINDNESS THROUGH SURGERY, TRAINING AND EQUIPPING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE SURGERIES FOR PEOPLE SUFFERING FROM LOW VISION OR BLINDNESS FROM CATARACTS IN DEVELOPING COUNTRIES. ONE EXPLORARY TRIP TAKEN IN YEAR ENDING 6/30/22
PROVIDE TRAINING TO OPHTHALMOLOGISTS, NURSES AND TECHNICIANS FROM DEVELOPING COUNTRIES THROUGH OUR MEDICAL PERSONNELL EXCHANGE PROGRAM IN MEMPHIS. WORLD CATARACT FOUNDATION ALSO TEACHES AND MENTORS OPHTHALMOLOGISTS AND NURSES DURING OUR MISSION TO DEVELOPING COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Hudson Past Exc Dir | OfficerTrustee | 40 | $92,120 |
Cristy Beech Executive Di | Officer | 40 | $9,590 |
David Cuicchi Treasurer | OfficerTrustee | $0 | |
Nikki Mcvean Secretary | OfficerTrustee | $0 | |
Richard Myers Vice Preside | OfficerTrustee | $0 | |
Gib Wilson President | OfficerTrustee | $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 | $107,916 |
| Noncash contributions included in lines 1a–1f | $6,673 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,916 |
| Total Program Service Revenue | $0 |
| Investment income | $28,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,946 |
| Net Income from Fundraising Events | $2,692 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,837 |
| 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. | $101,710 |
| Compensation of current officers, directors, key employees. | $20,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,658 |
| 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 | $5,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,971 |
| Travel | $8,462 |
| 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 | $2,138 |
| All other expenses | $300 |
| Total functional expenses | $165,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $389,478 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $943,176 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $1,352,654 |
| 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 | $16,066 |
| Total liabilities | $16,066 |
| Net assets without donor restrictions | $1,291,088 |
| Net assets with donor restrictions | $45,500 |
| 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 | $1,352,654 |
Grants Awarded
Over the last fiscal year, World Cataract Foundation has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Knoxville, TN PURPOSE: COMBATTING BLINDNESS | $25,000 |
Bellevue, WA PURPOSE: COMBATTING BLINDNESS | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that World Cataract Foundation has recieved totaling $37,629.
| Awarding Organization | Amount |
|---|---|
930 Freinds Memphis, TN PURPOSE: VARIOUS SUPPORT | $25,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $12,550 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
United States Catholic Conference Ada, OK | $58,995,230 | $102,251,380 |
Chi St Vincent Medical Group Hot Springs Hot Springs, AR | $30,299,608 | $78,876,296 |
Comprehensive Health Insurance Association Great Bend, KS | $122,969,212 | $99,936,486 |
Saint Thomas Regional Hospitals St Louis, MO | $62,019,572 | $112,890,582 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
The Physician Network Lincoln, NE | $104,536,502 | $64,680,019 |