Lions Eye Bank Foundation
- Assets
- $3.7m
- Revenue
- $217.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1988
- Data as of
- 06/2022
- EIN
- 76-0226613
Organization Overview
Lions Eye Bank Foundation, operating under the name Lions Foundation For Sight, is located in Houston, TX. The organization was established in 1988. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, 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. Lions Foundation For Sight 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, Lions Foundation For Sight generated $217.6k 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 (3.5%) each year. All expenses for the organization totaled $100.0k during the year ending 06/2022. 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
SEE STATEMENT FROM PART III LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION FUNDED RESEARCH BY FIVE DIFFERENT INDIVIDUALS FOR THE PURPOSE OF DISCOVERING NEW OR IMPROVED TREATMENTS FOR EYE DISEASE AND/OR PREVENTION OF BLINDNESS - THE FOUNDATION ALSO FUNDS A PORTION OF THE LIONS EYE BANK'S SOLE EMPLOYEE WHO SPENDS APPROXIMATELY 60% OF HER TIME WORKING WITH INDIVIDUAL LIONS CLUBS PROVIDING INFORMATION REGARDING EYE BANK PROGRAMS INCLUDING COLLECTION OF EYEGLASSES FOR NEEDY PERSONS AND OTHER PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Gilbert Vice President | OfficerTrustee | 1 | $0 |
Mark Roth Secretary | OfficerTrustee | 1 | $0 |
Chris Moorman President | OfficerTrustee | 1 | $0 |
Howard Clayton Immed. Past President | OfficerTrustee | 1 | $0 |
Michael Olszewski Treasurer | OfficerTrustee | 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 | $3,000 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $0 |
| Investment income | $77,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,643 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| 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 | $36,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,906 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| 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 | $4,792 |
| All other expenses | $0 |
| Total functional expenses | $100,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,191 |
| 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 | $2,442 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,716,949 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,741,582 |
| Accounts payable and accrued expenses | $6,100 |
| 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 | $6,100 |
| Net assets without donor restrictions | $2,682,230 |
| Net assets with donor restrictions | $1,053,252 |
| 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 | $3,741,582 |
Endowment Analysis
| Beg. Balance | $2,704,740 |
| Ending Balance | $2,704,740 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest Transplant Alliance Inc Dallas, TX | $86,983,228 | $85,858,970 |
Lifeshare Transplant Donor Services Of Oklahoma Inc Oklahoma City, OK | $34,573,910 | $43,322,594 |
Texas Organ Sharing Alliance San Antonio, TX | $40,062,123 | $48,463,915 |
Arkansas Regional Organ Recovery Agency Inc Little Rock, AR | $22,160,578 | $19,295,417 |
Austin Recovery Inc Austin, TX | $4,912,990 | $3,443,337 |
San Antonio Eye Bank San Antonio, TX | $8,262,108 | $4,783,996 |
Noras Gift Foundation Inc Houston, TX | $10,954,539 | $1,615,687 |
Baton Rouge Regional Eye Bank Inc Baton Rouge La, LA | $1,835,810 | $1,097,746 |
New Mexico Lions Sight Conservation Foundation Inc Belen, NM | $2,226,671 | $456,599 |
The Living Bank International Houston, TX | $3,270,469 | $2,881,584 |
Lone Star Lions Eye Bank Inc Manor, TX | $0 | $105,999 |
The Transplant Association Of Texas San Antonio, TX | $299,377 | $288,324 |