The Eyesight Foundation Of Alabama
- Assets
- $48.8m
- Revenue
- $396.9k
- Investments
- $45.7m
- Employees
- 1
- Location
- Birmingham, AL
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 72-1378980
Organization Overview
The Eyesight Foundation Of Alabama is located in Birmingham, AL. The organization was established in 1998. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eyesight Foundation Of Alabama 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, Eyesight Foundation Of Alabama generated $396.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Eyesight Foundation Of Alabama has awarded 47 individual grants totaling $23,909,183. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CATALYST FOR IMPROVING EYESIGHT THROUGH EDUCATION, RESEARCH AND ACCESS TO CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THE EYESIGHT FOUNDATION OF ALABAMA CONTINUED TO FOCUS ON GRANTS, PARTICULARLY IN SUPPORT OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM DEPARTMENT OF OPHTHALMOLOGY AND VISUAL SCIENCES' RESEARCH, EDUCATION AND CLINICAL CARE ENDEAVORS. EYESIGHT FOUNDATION'S SUPPORT ALSO ADDS VALUE TO THE WORK OF COMMUNITY-BASED (NON-UAB) NONPROFITS SERVING BLIND AND VISUALLY IMPAIRED PEOPLE BY PROVIDING VISION SCREENINGS, EYE GLASSES, SENSORY EQUIPMENT FOR THERAPY FOR BABIES AND CHILDREN, AND SO FORTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Mckinney Chair/president | OfficerTrustee | 1 | $0 |
George Harold Garzon Vice Chair | OfficerTrustee | 1 | $0 |
Alison Gorrie Secretary | OfficerTrustee | 1 | $0 |
J Andrew Robison Treasurer/finance Chair | OfficerTrustee | 1 | $0 |
Joshua F Mandell Grants Comm. Chair | Trustee | 1 | $0 |
Brian C Samuels Board Member | Trustee | 1 | $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 | $217,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,506 |
| Total Program Service Revenue | $0 |
| Investment income | $240,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$60,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,991,074 |
| Grants and other assistance to domestic individuals. | $10,113 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,167 |
| Compensation of current officers, directors, key employees. | $53,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,980 |
| Payroll taxes | $7,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,564 |
| Fees for services: Other | $10,150 |
| Advertising and promotion | $0 |
| Office expenses | $12,816 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $545 |
| Insurance | $11,383 |
| All other expenses | $0 |
| Total functional expenses | $2,359,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,786 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,041 |
| Net Land, buildings, and equipment | $409 |
| Investments—publicly traded securities | $2,948,027 |
| Investments—other securities | $45,682,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,776,312 |
| Accounts payable and accrued expenses | $41,270 |
| Grants payable | $903,691 |
| 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 | $944,961 |
| Net assets without donor restrictions | $47,224,394 |
| Net assets with donor restrictions | $606,957 |
| 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 | $48,776,312 |
Grants Awarded
Over the last fiscal year, The Eyesight Foundation Of Alabama has awarded $1,828,830 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SIGHT SAVERS AMERICA PURPOSE: VISION SUPPORT | $170,000 |
COMMUNITY SERVICES FOR VISION REHABILITATION PURPOSE: VISION SUPPORT | $40,000 |
THE RED BARN PURPOSE: SUPPORT FOR VISUALLY IMPAIRED CHILDREN | $19,200 |
UAB DEPT OF OPHTHALMOLOGY & VISUAL SCIENCES PURPOSE: VISION RESEARCH, EDUCATION, OPERATING SUPPORT | $1,534,305 |
IMPACT AMERICA - FOCUS FIRST PROGRAM PURPOSE: VISION SCREENS PRESCHOOLERS | $30,000 |
UNITED ABILITY PURPOSE: VISION SUPPORT | $25,000 |