East Tennessee Lions Eye Bank
- Assets
- $4.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Knoxville, TN
- Founding
- 12/1972
- Data as of
- 06/2023
- EIN
- 62-0800221
Organization Overview
East Tennessee Lions Eye Bank is located in Knoxville, TN. The organization was established in 1972. 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 06/2023, East Tennessee Lions Eye Bank employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Tennessee Lions Eye Bank 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 06/2023, East Tennessee Lions Eye Bank generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SIGHT IMPROVEMENT FOR CORNEA RELATED IMPAIRMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPLANT SERVICES - THE ORGANIZATION PROCESSED 790 EYE TISSUES AND PROVIDED 544 CORNEAS FOR TRANSPLANT TO INDIVIDUALS IN NEED.
RESEARCH - THE ORGANIZATION PROVIDED EYE TISSUE FOR RESEARCH LOCALLY AND NATIONALLY.
EDUCATION - THE ORGANIZATION PROVIDED 30 EDUCATION AND IN-SERVICE SESSIONS THIS YEAR WITH BETWEEN 3-6 MEDICAL PROFESSIONALS IN ATTENDANCE AT EACH SESSION. THESE PROFESSIONALS INCLUDE PHYSICIANS, NURSES, ETC. THE ORGANIZATION ALSO ASSISTED WITH AREA-WIDE WORKSHOPS AND HEALTH FAIRS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Vudragovich President | OfficerTrustee | 0 | $0 |
Tony Gross Vice President | OfficerTrustee | 0 | $0 |
Clare Crawford Secretary | OfficerTrustee | 0 | $0 |
Neal Vaughan Treasurer | OfficerTrustee | 0 | $0 |
William Mcdonald Past President/director | Trustee | 0 | $0 |
Steve Lewis Past President/director | Trustee | 0 | $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 | $5,734 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,734 |
| Total Program Service Revenue | $1,917,424 |
| Investment income | $53,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,969,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,306 |
| 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. | $195,657 |
| Compensation of current officers, directors, key employees. | $117,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,105 |
| Pension plan accruals and contributions | $28,581 |
| Other employee benefits | $138,453 |
| Payroll taxes | $57,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,883 |
| Fees for services: Accounting | $13,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,292 |
| Fees for services: Other | $0 |
| Advertising and promotion | $559 |
| Office expenses | $8,530 |
| Information technology | $7,945 |
| Royalties | $0 |
| Occupancy | $4,934 |
| Travel | $23,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,157 |
| Insurance | $15,702 |
| All other expenses | $29,535 |
| Total functional expenses | $1,915,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,475,676 |
| 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 | $1,357,204 |
| Investments—publicly traded securities | $243,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,076,193 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,076,193 |
| 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 | $4,076,193 |
Grants Awarded
Over the last fiscal year, East Tennessee Lions Eye Bank has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIONS DISTRICT 12-N CHARITIES INC PURPOSE: KAPA PARTNERSHIP | $15,000 |
BLOUNT COUNTY TN PURPOSE: INCLUSIVE PLAYGROUND | $35,000 |