Lions Eye Institute For Transplant And Research Inc
- Assets
- $36.4m
- Revenue
- $30.3m
- Investments
- $0.0
- Employees
- 171
- Location
- Tampa, FL
- Founding
- 09/1973
- Data as of
- 06/2022
- EIN
- 59-1458151
Organization Overview
Lions Eye Institute For Transplant And Research Inc is located in Tampa, FL. The organization was established in 1973. 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 06/2022, Lions Eye Institute For Transplant And Research Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lions Eye Institute For Transplant And Research 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, Lions Eye Institute For Transplant And Research Inc generated $30.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $25.5m during the year ending 06/2022. While expenses have increased by 17.0% 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
IMPROVE VISUAL OUTCOMES AND QUALITY OF LIFE FOR THOSE WHO ARE BLIND OR VISUALLY IMPAIRED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LIONS EYE INSTITUTE FOR TRANSPLANT & RESEARCH IS ONE OF THE LARGEST COMBINED NONPROFIT EYE BANKS AND OCULAR RESEARCH CENTERS IN THE WORLD. WE RECOVER OCULAR TISSUE FROM 62 OUT OF 67 COUNTIES IN FLORIDA, PROCESSING THE TISSUE IN OUR HEADQUARTERS IN YBOR CITY AND ENSURING IT IS SAFE FOR TRANSPLANT, GIVING THE GIFT OF SIGHT TO PEOPLE THROUGHOUT THE UNITED STATES AND IN OVER 80 COUNTRIES AROUND THE WORLD. WE RECOVER, PROCESS, AND DISTRIBUTE OVER 10,000 CORNEAS PER YEAR. THE ORGANIZATION'S EYE BANK SERVICE IS KNOWN FOR ITS PRACTICE EXCELLENCE IN SERVICE QUALITY AND INNOVATION CONSTANTLY DEVELOPING NEW PROCESSING TECHNIQUES AND PRODUCTS TO IMPROVE CORNEA TRANSPLANT CLINICAL OUTCOMES. THE ORGANIZATION WAS THE FIRST TO OFFER AN ULTRA-THIN DSAEK PREPARATION (CONTINUED ON SCHEDULE O)PROCEDURE, A NON-TOUCH HYDRO-DISSECTION PREPARATION OF DMEK AND PDEK GRAFTS, A PRE-LOADED DSAEK GRAFT, AND A PRE-LOADED DMEK AND PDEK GRAFT IN A LIONS EYE INSTITUTE INSPIRED GLASS TUBE PROMOTING THE SMALLEST INCISION FOR IMPLANTING DMEK AND PDEK CORNEAS. IN OUR OCULAR RESEARCH CENTER, WE ARE WORKING ON LONG-TERM STUDIES RELATED TO TREATMENTS FOR AGE-RELATED MACULAR DEGENERATION AND GLAUCOMA. WE ARE LEADING THE INDUSTRY IN INNOVATIONS TO ADVANCE THE EYE BANKING INDUSTRY, WHILE WORKING ON EYE BANK DEVELOPMENT AROUND THE WORLD. IN NOVEMBER 2018, THE INSTITUTE PARTNERED WITH RTI DONOR SERVICES, INC. (RTIDS), A NONPROFIT ORGANIZATION DEDICATED TO PROVIDING RESPONSIBLE STEWARDSHIP OF THE GIFT OF TISSUE DONATION AND ANNOUNCED AN EXPANDED RELATIONSHIP TO INCREASE EFFICIENCIES IN TISSUE DONATION AND ENHANCE PATIENTS' LIVES. THROUGH THIS RELATIONSHIP, EACH PARTNER FOCUSES ON ITS CORE AREA OF EXPERTISE. THE INSTITUTE MANAGES ALL ASPECTS OF TISSUE RECOVERY SERVICES FOR FLORIDA HOSPITALS IN RTIDS' FORMER SERVICE AREA, AND RTIDS FOCUSES SPECIFICALLY ON ACQUIRING TISSUE FOR PROCESSING AND DISTRIBUTION. THIS EXPANSION MOVED THE INSTITUTE FROM EXCLUSIVELY PROCURING EYE TISSUE TO ASSUMING RESPONSIBILITY FOR PROCUREMENT OF BONE, SKIN, HEART VALVES, CONNECTIVE TISSUE AND VEINS USED IN SURGERIES AND MEDICAL RESEARCH AT HOSPITALS THROUGHOUT FLORIDA.
PUBLIC & PROFESSIONAL EDUCATION - INCREASED AWARENESS OF NEED FOR TISSUE PROCUREMENT WITH LONG TERM GOAL OF INCREASING THE NUMBER OF DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason K Woody President & CEO | Officer | 40 | $374,816 |
Jeffery Thomas Regional Vice President | Officer | 40 | $226,899 |
Arthur Kurz Cmo | Officer | 40 | $222,700 |
Beatriz D Viamontes CFO | Officer | 40 | $180,304 |
David Ammar Scientific Director | 40 | $153,897 | |
Karen Demarco Director Of Marketing | 40 | $138,435 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arco Murray Construction Company Maintenance | 6/29/22 | $1,008,476 |
Eurofins Donor & Product Testing Inc Lab Tests | 6/29/22 | $838,086 |
Cincinnati Eye Bank For Sight Rest Tissue | 6/29/22 | $703,090 |
Mnx - Midnite Air Corp Ship | 6/29/22 | $486,225 |
Mid-america Transplant Services Tissue | 6/29/22 | $425,348 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $614,223 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $614,223 |
| Total Program Service Revenue | $27,930,812 |
| Investment income | $471,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,579 |
| Net Gain/Loss on Asset Sales | $1,152,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,316,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $238,527 |
| 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. | $1,064,891 |
| Compensation of current officers, directors, key employees. | $268,370 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,742,541 |
| Pension plan accruals and contributions | $262,092 |
| Other employee benefits | $1,232,836 |
| Payroll taxes | $630,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $609,873 |
| Fees for services: Accounting | $76,364 |
| Fees for services: Lobbying | $127,225 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,405 |
| Fees for services: Other | $5,878,168 |
| Advertising and promotion | $151,446 |
| Office expenses | $466,434 |
| Information technology | $521,431 |
| Royalties | $0 |
| Occupancy | $458,194 |
| Travel | $411,747 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,148 |
| Interest | $2,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $680,989 |
| Insurance | $206,881 |
| All other expenses | $171,698 |
| Total functional expenses | $25,526,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $830,375 |
| Savings and temporary cash investments | $7,883,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,569,783 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $532,189 |
| Prepaid expenses and deferred charges | $128,122 |
| Net Land, buildings, and equipment | $7,523,447 |
| Investments—publicly traded securities | $13,954,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $834,494 |
| Other assets | $145,008 |
| Total assets | $36,401,259 |
| Accounts payable and accrued expenses | $4,196,989 |
| 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 | $398,484 |
| Total liabilities | $4,595,473 |
| Net assets without donor restrictions | $31,805,786 |
| 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 | $36,401,259 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lions Eye Institute For Transplant And Research Inc has recieved totaling $660,241.
| Awarding Organization | Amount |
|---|---|
Lions Eye Institute For Transplant & Research Foundation Inc Tampa, FL PURPOSE: GENERAL SUPPORT | $605,241 |
United Way Suncoast Inc Tampa, FL PURPOSE: ALLOCATIONS, DESIGNATIONS, DISASTER RELIEF RESPONSE, GRANTS & PROGRAM IMPACT FUNDING | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lions Eye Institute For Transplant And Research Inc Tampa, FL | $36,401,259 | $30,316,116 |
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 |