Eye Bank Association Of America Inc
- Assets
- $9.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 03/1967
- Data as of
- 06/2022
- EIN
- 72-0678970
Organization Overview
Eye Bank Association Of America Inc is located in Washington, DC. The organization was established in 1967. 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, Eye Bank Association Of America Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eye Bank Association Of America 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, Eye Bank Association Of America Inc generated $2.5m 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 (3.0%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Eye Bank Association Of America Inc has awarded 32 individual grants totaling $351,944. 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 EBAA CHAMPIONS THE RESTORATION OF SIGHT THROUGH CORE SERVICES TO ITS MEMBERS WHICH ADVANCE DONATION, TRANSPLANTATION, AND RESEARCH IN THEIR COMMUNITIES AND THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUALITY ASSURANCE PROGRAM MONITOR UNIFORM OPERATING PROCEDURES AND STANDARDS OF INTEGRITY AMONG MEMBER EYE BANKS
DIRECT CONSULTATION AND EDUCATION PROVIDE DIRECT CONSULTATION AND EDUCATION TO EYE BANKS
RESEARCH GRANTS AND FELLOWSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corcoran Kevin President CEO | OfficerTrustee | 40 | $357,898 |
Dematteo Jennifer Director Of Regulations Standards | Officer | 40 | $197,980 |
Dellario Bernard Director Of Finance | Officer | 40 | $175,849 |
Gardner Stacey Director Of Education | Officer | 40 | $154,349 |
Li Jennifer Chair | OfficerTrustee | 1 | $0 |
Fout Elizabeth Secretary/treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,232 |
| Membership dues | $0 |
| Fundraising events | $17,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,592 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,824 |
| Total Program Service Revenue | $1,871,055 |
| Investment income | $230,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $163,032 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $156,280 |
| Net Income from Fundraising Events | $2,925 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,468,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,059 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $417,955 |
| Compensation of current officers, directors, key employees. | $112,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,542 |
| Pension plan accruals and contributions | $44,290 |
| Other employee benefits | $78,598 |
| Payroll taxes | $67,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,640 |
| Fees for services: Accounting | $64,912 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,615 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $78,075 |
| Information technology | $109,365 |
| Royalties | $0 |
| Occupancy | $159,534 |
| Travel | $80,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $393,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,562 |
| Insurance | $19,250 |
| All other expenses | $0 |
| Total functional expenses | $2,503,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,681 |
| 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 | $35,232 |
| Net Land, buildings, and equipment | $64,259 |
| Investments—publicly traded securities | $8,654,924 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,648 |
| Total assets | $9,059,194 |
| Accounts payable and accrued expenses | $561,310 |
| Grants payable | $0 |
| Deferred revenue | $47,721 |
| 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 | $609,031 |
| Net assets without donor restrictions | $7,316,192 |
| Net assets with donor restrictions | $1,133,971 |
| 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 | $9,059,194 |
Grants Awarded
Over the last fiscal year, Eye Bank Association Of America Inc has awarded $128,454 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Ann Arbor, MI PURPOSE: Research | $50,000 |
CORNEA SOCIETY PURPOSE: Sponsorship | $16,000 |
ARVO FOUNDATION PURPOSE: Research | $10,000 |
UNIVERSITY OF MIAMI PURPOSE: Research | $7,500 |
INDIANA UNIVERSITY PURPOSE: Research | $7,500 |
MASS EYE & EAR SCHEPENS EYE RESEARCH PURPOSE: Research | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eye Bank Association Of America Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Blue Grass Community Foundation Inc Lexington, KY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Priory In The Us Of Amer Of The Mst Ven Ord Of The Hosp Of St John Washington, DC | $5,706,399 | $4,135,502 |
Keralink International Inc Baltimore, MD | $29,745,098 | $3,789,435 |
Association Of Organ Procurement Organization Mclean, VA | $5,098,347 | $1,301,962 |
Eye Bank Association Of America Inc Washington, DC | $9,059,194 | $2,468,860 |
Old Dominion Eye Foundation Inc Richmond, VA | $3,389,966 | $2,344,556 |
North American Transplant Coordinators Organization Oak Hill, VA | $991,443 | $821,100 |