Eye Corps Inc
- Assets
- $342.1k
- Revenue
- $677.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 04/2018
- Data as of
- 12/2022
- EIN
- 81-4995582
Organization Overview
Eye Corps Inc is located in Dallas, TX. The organization was established in 2018. 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, Eye Corps Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eye Corps 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 12/2022, Eye Corps Inc generated $677.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $741.4k during the year ending 12/2022. 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
EYE CORPS IS A TEXAS 501(C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE BLINDNESS DUE TO CATARACTS. EYE CORPS USES ALL DONATIONS RECEIVED TO HELP IN ORGANIZING AND SETTING UP CATARACT CAMPS AND SURGICAL CENTERS OUTSIDE THE U.S. IN ORDER TO PERFORM CATARACT SURGERIES FOR LOCAL, INDIGENT POPULATIONS AT NO CHARGE. OUR GOAL IS TO HELP LOCAL DOCTORS AND NURSES BECOME MORE ADVANCED IN THEIR SURGICAL KNOWLEDGE AND TO PROVIDE UP-TO-DATE EQUIPMENT AND SUPPLIES, SO THE DOCTORS AND NURSES MAY PROVIDE THE NEEDED MEDICAL ASSISTANCE TO THE LOCAL POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) ESTABLISH CATARACT SURGERY CENTERS IN TANZANIA.2) TRAIN TANZANIAN DOCTORS AND NURSES TO PERFORM CATARACT SURGERIES.3) ORGANIZE AND CONDUCT CATARACT SURGERY CAMPS IN TANZANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Sowell Director | Trustee | 1 | $0 |
Steven E Smathers Director | Trustee | 10 | $0 |
Susan M Macdonald President | OfficerTrustee | 40 | $314,659 |
Stephanie Nowacek Treasurer & Secretary | Officer | 20 | $40,667 |
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 | $677,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,800 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $677,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $327,313 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $355,326 |
| Compensation of current officers, directors, key employees. | $177,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,534 |
| Fees for services: Accounting | $2,163 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,842 |
| Advertising and promotion | $0 |
| Office expenses | $984 |
| Information technology | $770 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,996 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $741,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $342,139 |
| Accounts payable and accrued expenses | $0 |
| 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 | $14,942 |
| Total liabilities | $14,942 |
| 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 | $327,197 |
| Total liabilities and net assets/fund balances | $342,139 |