Kentucky Lions Eye Foundation Inc
- Assets
- $4.9m
- Revenue
- $474.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Louisville, KY
- Founding
- 07/1957
- Data as of
- 06/2022
- EIN
- 61-0516171
Organization Overview
Kentucky Lions Eye Foundation Inc is located in Louisville, KY. The organization was established in 1957. 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 06/2022, Kentucky Lions Eye Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Lions Eye Foundation 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, Kentucky Lions Eye Foundation Inc generated $474.3k 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 (18.6%) each year. All expenses for the organization totaled $453.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.3%) 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 KENTUCKY LIONS EYE FOUNDATION PROVIDES VISION SERVICES THROUGH EDUCATION, DETECTION, PREVENTION, TREATMENT AND EMPOWERMENT. THROUGH COLLABORATIVE PARTNERSHIPS, WE ENABLE GREATER INDEPENDENCE AND INCREASED QUALITY OF LIFE FOR ALL KENTUCKIANS WHILE FOCUSING ON CHILDREN AND ADULTS IN FINANCIAL NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEER PROGRAMS PROVIDE SCREENINGS, FINANCIAL SUPPORT FOR VISION-RELATED SURGERIES AND OTHER VISION-RELATED MEDICAL NEEDS, FINANCIAL SUPPORT RELATED TO THE NEEDS OF VISUALLY IMPAIRED INDIVIDUALS, SUPPORT FOR EYE EXAMS, EYEGLASSES, AND MORE. MORE THAN NINETY-FIVE HUNDRED CHILDREN AND NEARLY NINE THOUSAND ADULTS WERE SCREENED DURING THE 2021-2022 FISCAL YEAR THROUGH KENTUCKY LIONS EYE FOUNDATION'S PROGRAMS. ADDITIONALLY, SEVENTY VISUALLY IMPAIRED INDIVIDUALS WERE PROVIDED ASSISTANCE FOR SURGERIES AND OTHER NEEDS DURING THE FISCAL YEAR. THE EYE CLINIC PROVIDED EYE EXAMS AND OTHER SERVICES FOR APPROXIMATELY TWO THOUSAND INDIVIDUALS, AS WELL AS SUPPORT FOR EYE EXAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindy Lamkin Executive Director | Officer | 40 | $88,789 |
Guy Hollander Immediate Past President | OfficerTrustee | 1 | $0 |
Kevin Bishop Council Chair | OfficerTrustee | 1 | $0 |
Mac Ferguson 3rd VP | OfficerTrustee | 1 | $0 |
Mark Fietsch Secretary | OfficerTrustee | 1 | $0 |
Ramon Buntin 1st VP | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,106 |
| Government grants | $43,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,226 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,332 |
| Total Program Service Revenue | $0 |
| Investment income | $79,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,083 |
| Net Income from Fundraising Events | $63,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,966 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,452 |
| Compensation of current officers, directors, key employees. | $25,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,912 |
| Pension plan accruals and contributions | $2,284 |
| Other employee benefits | $31,301 |
| Payroll taxes | $14,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,752 |
| Fees for services: Accounting | $27,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,518 |
| Fees for services: Other | $137 |
| Advertising and promotion | $4,563 |
| Office expenses | $15,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,127 |
| Insurance | $3,660 |
| All other expenses | $751 |
| Total functional expenses | $453,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,725 |
| Savings and temporary cash investments | $584,535 |
| Pledges and grants receivable | $8,820 |
| Accounts receivable, net | $7,231 |
| 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 | $6,762 |
| Net Land, buildings, and equipment | $139,616 |
| Investments—publicly traded securities | $4,128,407 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,909,096 |
| Accounts payable and accrued expenses | $41,431 |
| Grants payable | $0 |
| Deferred revenue | $2,908 |
| 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 | $0 |
| Total liabilities | $44,339 |
| Net assets without donor restrictions | $2,402,250 |
| Net assets with donor restrictions | $2,462,507 |
| 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 | $4,909,096 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Kentucky Lions Eye Foundation Inc has recieved totaling $75,791.
| Awarding Organization | Amount |
|---|---|
Irvin F And Alice S Etscorn Charitable Foundation Louisville, KY PURPOSE: HELP WITH THE COST OF EYE SURGERIES FOR QUALIFIED APPLICANTS. | $25,000 |
Honorable Order Of Kentucky Colonels Inc Louisville, KY PURPOSE: GENERAL SUPPORT | $19,452 |
Whas Crusade For Children Inc Louisville, KY PURPOSE: $16,000.00 FOR SALARY FOR VISION SCREENING ADVOCATE AND SPOT VISION SCREENER DEVICES | $16,000 |
Louisville Downtown Lions Charities Inc Louisville, KY PURPOSE: GENERAL OPERATIONS | $15,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $139 |
Endowment Analysis
| Beg. Balance | $4,034,323 |
| Earnings | -$442,806 |
| Ending Balance | $3,591,517 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
National Society To Prevent Blindness Chicago, IL | $17,829,229 | $4,816,823 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
League For The Blind And Disabled Inc Fort Wayne, IN | $13,675,160 | $2,904,502 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Center For Sight & Hearing Rockford, IL | $9,055,491 | $458,096 |
Central Ohio Lions Eye Bank Inc Columbus, OH | $2,261,506 | $2,054,180 |
Delta Gamma Center For Children With Visual Impairments Saint Louis, MO | $8,354,019 | $2,664,417 |
National Society To Prevent Blindness Columbus, OH | $4,716,429 | $2,037,831 |