Florida Lions Eye Bank Inc
- Assets
- $19.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 08/1970
- Data as of
- 06/2022
- EIN
- 59-0967012
Organization Overview
Florida Lions Eye Bank Inc is located in Miami, FL. The organization was established in 1970. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Lions 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 06/2022, Florida Lions Eye Bank Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 6.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FLORIDA LIONS EYE BANK PROVIDES OPHTHALMIC SERVICES TO OPHTHALMOLOGISTS AND PATIENTS TO ASSIST WITH TREATMENT, AND ADVANCES THE FIELD OF OPHTHALMOLOGY THROUGH RESEARCH AND INNOVATION FOR THE BETTERMENT OF HUMANKIND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLORIDA LIONS EYE BANK IS A NON-PROFIT ORGANIZATION THAT RECOVERS, PROCESSES, AND DISTRIBUTES OCULAR TISSUE FOR SIGHT SAVING SURGERY, PROVIDES TISSUE AND FUNDING FOR OPHTHALMIC RESEARCH AND OPERATES AN OCULAR PATHOLOGY LABORATORY. IN ADDITION, FLORIDA LIONS EYE BANK PROCESSES AUTOLOGOUS SERUM EYE DROPS FOR PATIENTS REQUIRING THIS THERAPY. DURING THE FISCAL YEAR, FLORIDA LIONS EYE BANK RECOVERED TISSUE FROM 988 EYE DONORS AND DISTRIBUTED TISSUE FOR 1,185 SURGERIES. THE ORGANIZATION PROVIDED 665 TISSUES FOR RESEARCH OR TEACHING PURPOSES AND PROCESSED 4,632 SPECIMENS IN THE OCULAR PATHOLOGY LABORATORY. FINALLY, THE ORGANIZATION PREPARED AUTOLOGOUS SERUM EYE DROPS FOR 1,832 PATIENTS THROUGHOUT FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Fout Executive Director | Officer | 1 | $0 |
Geoff Wade President | Trustee | 3 | $0 |
Bobby Wright Vice President | Trustee | 1 | $0 |
Judy Galm Vice President | Trustee | 1 | $0 |
Greg Evans Vice President | Trustee | 1 | $0 |
Helene Thompson Vice President | 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 | $31,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,844 |
| Total Program Service Revenue | $3,849,115 |
| Investment income | $379,184 |
| 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 | $4,260,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300,000 |
| 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. | $112,443 |
| Compensation of current officers, directors, key employees. | $33,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,513,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $515,792 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $142,374 |
| Advertising and promotion | $0 |
| Office expenses | $71,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,605 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,740 |
| Insurance | $33,202 |
| All other expenses | $337,042 |
| Total functional expenses | $4,498,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $291,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $556,182 |
| 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 | $1,347,768 |
| Investments—publicly traded securities | $17,155,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,059 |
| Total assets | $19,559,496 |
| Accounts payable and accrued expenses | $840,160 |
| 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 | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,340,160 |
| Net assets without donor restrictions | $17,219,336 |
| 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 | $19,559,496 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Lions Eye Bank Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
International Association Of Lions Clubs Miami, FL PURPOSE: SUPPORT VISION RELATED WORKAND HELP FOR THE VISUALLY IMPAIRED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advancing Sight Network Birmingham, AL | $16,847,283 | $13,312,394 |
Regenerative Biologics Inc Gainesville, FL | $14,972,060 | $13,176,216 |
Florida Tissue Services Inc Pensacola, FL | $58,206 | $2,320,063 |
Florida Lions Eye Bank Inc Miami, FL | $19,559,496 | $4,260,143 |
Georgia Extension 4-H Foundation Griffin, GA | $78,285 | $0 |
Leading Ladies Inc Miami, FL | $23,068 | $0 |