Southern California Eye Institute
- Assets
- $1.2m
- Revenue
- $705.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 84-2323097
Organization Overview
Southern California Eye Institute is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2023, Southern California Eye Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern California Eye Institute 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 12/2023, Southern California Eye Institute generated $705.2k in total revenue. All expenses for the organization totaled $635.2k during the year ending 12/2023. While expenses have increased by 108.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE BURDEN OF EYE DISEASE AND BLINDING CONDITIONS IN CHILDREN AND AGING-POPULATIONS IN AND SURROUNDING CITIES OF LOS ANGELES COUNTY THROUGH PATIENT CARE, RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPHTHALMIC RESEARCH SUPPORT FOR OPHTHALMIC RESEARCH PROJECTS, COMES FROM PRIVATE DONORS, FROM NATIONAL INSTITUTES OF HEALTH THROUGH THE UNIVERSITY OF PENNSYLVANIA, AND FIDELITY CHARITABLE. TEMPORARY STAFF WERE HIRED FOR ADDITIONAL HELP WITH DATA COLLECTION AND DATA ENTRY FOR THESE RESEARCH PROJECTS. FROM THESE RESEARCH ENDEAVORS, OUR PHYSICIAN RESEARCHERS PUBLISHED EIGHT MANUSCRIPTS IN ACADEMIC JOURNALS THROUGHOUT THE YEAR. FINALLY, OUR PHYSICIAN-SCIENTISTS ATTENDED NATIONAL AND INTERNATIONAL ACADEMIC CONFERENCES TO PRESENT FINDINGS FROM THESE RESEARCH STUDIES.
OPHTHALMIC TECHNICIAN EDUCATION PROGRAM (OTEP) OTEP ADMITTED A COHORT OF 7 STUDENTS IN JULY 2022 OF WHICH 6 GRADUATED FROM THE SOUTHERN CALIFORNIA EYE INSTITUTE OPHTHALMIC TECHNICIAN EDUCATION PROGRAM IN JUNE 2023. THE STUDENTS ATTENDED 81 LECTURES FOR A TOTAL OF 162 CLOCK HOURS THROUGHOUT THE YEAR. ADDITIONALLY, EACH STUDENT COMPLETED A MINIMUM OF 750 CLINICAL TRAINING HOURS IN THE INSTITUTE'S MAIN CLINIC, SATELLITE OFFICES AND PRIVATE PRACTICES. AT THE CONCLUSION OF THE PROGRAM, STUDENTS ARE PREPARED TO SIT FOR THE INTERNATIONAL JOINT COMMISSION OF ALLIED HEALTH PERSONNEL IN OPHTHALMOLOGY (IJCAHPO) EXAM TO BECOME A CERTIFIED OPHTHALMIC TECHNICIAN. THE OPHTHALMIC TECHNICIAN TRAINING PROGRAM IS CURRENTLY UNDERGOING THE PROCESS OF ACCREDITATION THROUGH THE INTERNATIONAL ACCREDITATION COMMISSION ICA.
THE SOUTHERN CALIFORNIA EYE INSTITUTE CONTINUED TO HOST HEALTH FAIRS FOR UNDERSERVED COMMUNITIES, AND VETERANS IN AND AROUND THE LOS ANGELES-AREA. THESE EYE SCREENINGS AND COMMUNITY HEALTH EDUCATION FAIRS WERE HELD TO GIVE BACK TO THE PEOPLE WHO NEED IT MOST. IN ADDITION TO THESE COMMUNITY CARE PROGRAMS, THE SOUTHERN CALIFORNIA EYE INSTITUTE RECOGNIZED OUR HEALTH WORKERS BY PROVIDING MEAL SERVICES FOR THOSE WHO WERE PROVIDING FRONTLINE PATIENT CARE. SUPPORT FOR THIS PROJECT IS FROM GENEROUS PRIVATE DONORS, AND FIDELITY CHARITABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rohit Varma President | Officer | 2 | $0 |
Raya Karelin Treasurer | Officer | 4 | $0 |
Mina Torres Secretary | Officer | 4 | $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 | $652,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $652,203 |
| Total Program Service Revenue | $30,540 |
| Investment income | $22,456 |
| 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 | $705,199 |
| 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 | $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 | $135,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,804 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $139,570 |
| Office expenses | $2,002 |
| Information technology | $124 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,166 |
| All other expenses | $81,033 |
| Total functional expenses | $635,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $534,075 |
| 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 | $10,053 |
| Net Land, buildings, and equipment | $40,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $514,031 |
| Total assets | $1,245,540 |
| Accounts payable and accrued expenses | $99,455 |
| 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 | $99,455 |
| Net assets without donor restrictions | $1,146,085 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,245,540 |