Clear Vision Foundation
- Assets
- $498.0k
- Revenue
- $892.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Eugene, OR
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-4686467
Organization Overview
Clear Vision Foundation is located in Eugene, OR. The organization was established in 2017. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, Clear Vision Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clear Vision Foundation 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, Clear Vision Foundation generated $892.7k in total revenue. All expenses for the organization totaled $605.7k during the year ending 12/2022. While expenses have increased by 78.1% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EYE CARE, INCLUDES SUPPORTING EYE RESARCH, TRAINING OPHTHALMOLOGY AND HUMANITARIAN CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EYE SERVICES TO HELP INDIVIDUALS
EDUCATION FELLOWSHIP TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric J Niespodzany Doctor | 40 | $124,150 | |
Kakarla V Chalam Director | Trustee | 1 | $0 |
D Hunter Cherwek Director | Trustee | 1 | $0 |
Balamurali Ambati President | OfficerTrustee | 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 | $492,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,101 |
| Total Program Service Revenue | $346,357 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $892,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,040 |
| 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 | $279,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,969 |
| Payroll taxes | $27,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $889 |
| Office expenses | $203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $146,464 |
| 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 | $32,625 |
| Insurance | $1,904 |
| All other expenses | $0 |
| Total functional expenses | $605,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,040 |
| 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 | $195,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,341 |
| Total assets | $497,965 |
| Accounts payable and accrued expenses | $90,851 |
| 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 | $59,972 |
| Other liabilities | $0 |
| Total liabilities | $150,823 |
| Net assets without donor restrictions | $0 |
| 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 | $347,142 |
| Total liabilities and net assets/fund balances | $497,965 |
Grants Awarded
Over the last fiscal year, Clear Vision Foundation has awarded $86,040 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
U OF O FOUNDATION ESBL FUND PURPOSE: RESEARCH | $2,040 |
U OF O FACULTY EXCELLENCE FUND PURPOSE: RESEARCH | $84,000 |