Southern Eye-Bank
- Assets
- $10.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Metairie, LA
- Founding
- 07/1949
- Data as of
- 12/2022
- EIN
- 72-0502570
Organization Overview
Southern Eye-Bank is located in Metairie, LA. The organization was established in 1949. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Southern Eye-Bank employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern 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 12/2022, Southern Eye-Bank generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $868.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Southern Eye-Bank has awarded 25 individual grants totaling $577,435. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTHERN EYE BANK PROVIDES CORNEAS AND EYE TISSUES TO VARIOUS DOCTORS AND HOSPITALS TO RESTORE SIGHT AND REPAIR TORN AND DAMAGED EYES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHERN EYE BANK PROVIDES CORNEAS AND EYE TISSUES TO VARIOUS DOCTORS AND HOSPITALS TO RESTORE SIGHT AND REPAIR TORN AND DAMAGED EYES. TOTAL OF 191 EYE CORNEAS AND TISSUES WERE RECEIVED FROM 106 ORGAN DONORS. 111 USED FOR TRANSPLANT. 11 USED FOR TRAINING AND RESEARCH. THERE WERE 0 TRANSPLANTS FROM IMPORTED TISSUE. THERE WERE 15 SCLERA TRANSPLANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford A Hendricks III MD Co Chief Med Dr | Trustee | 10 | $0 |
Bruce Barron Director | Trustee | 2 | $0 |
Patrick M Kingsmill JD Emeritus | Trustee | 2 | $0 |
Robert J Mora CPA Treasurer | OfficerTrustee | 2 | $0 |
Maurice Gaudet IV Secretary | OfficerTrustee | 2 | $0 |
Ginny Kullman Director | Trustee | 2 | $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 | $371,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,450 |
| Total Program Service Revenue | $355,268 |
| Investment income | $219,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,141,716 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,113,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $186,410 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,941 |
| Pension plan accruals and contributions | $8,742 |
| Other employee benefits | $43,403 |
| Payroll taxes | $12,897 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $38,266 |
| Fees for services: Accounting | $21,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47,744 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,868 |
| Office expenses | $74,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,291 |
| Travel | $11,594 |
| 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 | $17,104 |
| All other expenses | $36,408 |
| Total functional expenses | $868,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,385 |
| Savings and temporary cash investments | $0 |
| 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 | $1,312,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,414,254 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2 |
| Total assets | $10,927,141 |
| Accounts payable and accrued expenses | $11,828 |
| 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 | $11,828 |
| Net assets without donor restrictions | $10,915,313 |
| 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 | $10,927,141 |
Grants Awarded
Over the last fiscal year, Southern Eye-Bank has awarded $183,910 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL EYE INSTITUTE PURPOSE: MISSION TRIP | $20,000 |
ST THOMAS COMMUNITY HEALTH CE PURPOSE: MICROSCOPE | $38,910 |
JEFFERSON DOLLAR FOR SCHOLARS PURPOSE: SCHOLARSHIPS FOR PUBLIC SCHOOLS | $25,000 |