Eye Bank For Sight Restoration Inc
- Assets
- $85.6m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 61
- Location
- New York, NY
- Founding
- 08/1945
- Data as of
- 12/2021
- EIN
- 13-1623998
Organization Overview
Eye Bank For Sight Restoration Inc is located in New York, NY. The organization was established in 1945. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. As of 12/2021, Eye Bank For Sight Restoration Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eye Bank For Sight Restoration 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 12/2021, Eye Bank For Sight Restoration Inc generated $10.3m 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 (13.7%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EYE-BANK'S MISSION IS TO RESTORE SIGHT THROUGH EYE DONATIONS AND CORNEA TRANSPLANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EYE-BANKS STATE-OF-THE-ART OCULAR LABORATORY OPERATES 24/7 TO RECOVER, EVALUATE AND DISTRIBUTE SAFE, QUALITY DONOR EYE TISSUE FOR CORNEA TRANSPLANTS AND OTHER OPHTHALMIC SURGERIES. STAFF RECEIVES CONTINUAL EDUCATION AND TRAINING IN THE LATEST TECHNOLOGICAL ADVANCES, INCLUDING PREPARING PARTIAL THICKNESS GRAFTS FOR ENDOTHELIAL KERATOPLASTY (EK) PROCEDURES. THE EYE-BANKS OCULAR TISSUE RESEARCH PROGRAM SUPPLIES DONOR EYE TISSUE TO MEDICAL SCIENTISTS RESEARCHING CURES AND TREATMENT OF EYE DISEASES SUCH AS CATARACTS, GLAUCOMA AND DISEASES OF THE RETINA. IN 2021, THE EYE-BANK PROVIDED ADULT HUMAN RETINA PIGMENT EPITHELIAL (AH-RPE) CELLS TO AN INCREASED NUMBER OF RESEARCHERS CONDUCTING STUDIES ON THE POTENTIAL FOR TRANSPLANTING RPE CELLS IN THE FUTURE.
THE EYE-BANKS MARKETING PROGRAM CONTINUED TO INFORM THE PUBLIC ABOUT THE IMPORTANCE OF EYE DONATION AND ENROLLING IN THE DONATE LIFE REGISTRY THROUGH ITS HIGHLY-SUCCESSFUL MULTI-MEDIA ADVERTISING CAMPAIGN THAT REACHES A NEW YORK METROPOLITAN AUDIENCE VIA RADIO, TELEVISION, AND NEWSPAPERS AS WELL AS SOCIAL MEDIA PLATFORMS AND EMAIL MARKETING. BOTH MEDIA AND DIGITAL MARKETING PLACEMENT INCLUDES SPANISH LANGUAGE OUTLETS.
THE EYE-BANKS OCULAR TISSUE RESEARCH PROGRAM SUPPLIES DONOR EYE TISSUE TO MEDICAL SCIENTISTS RESEARCHING CURES AND TREATMENT OF EYE DISEASES SUCH AS CATARACTS, GLAUCOMA AND DISEASES OF THE RETINA. IN 2020, THE EYE-BANK PROVIDED ITS FIRST VIALS OF ADULT HUMAN RETINA PIGMENT EPITHELIAL (AH-RPE) CELLS TO RESEARCHERS CONDUCTING STUDIES ON THE POTENTIAL FOR TRANSPLANTING RPE CELLS IN THE FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Dahl Ceo/exec. Dir. | Officer | 40 | $280,000 |
Edwin Roberts Associate Director | 40 | $156,573 | |
Noel Mick Moschetta Dir Communications | 40 | $149,600 | |
Hortense Kendall Laboratory Manager | 40 | $127,260 | |
Carmela Deluca Hospital Liaison | 40 | $118,202 | |
Karen Bardavid Dir Of Development | 40 | $104,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $100 |
| Membership dues | $0 |
| Fundraising events | $63,162 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,177 |
| Noncash contributions included in lines 1a–1f | $2,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $472,439 |
| Total Program Service Revenue | $5,172,358 |
| Investment income | $908,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,730,084 |
| Net Income from Fundraising Events | -$5,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,301,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,280 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $316,798 |
| Compensation of current officers, directors, key employees. | $47,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,486,364 |
| Pension plan accruals and contributions | $250,447 |
| Other employee benefits | $784,407 |
| Payroll taxes | $265,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,339 |
| Fees for services: Accounting | $144,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $226,872 |
| Fees for services: Other | $340,498 |
| Advertising and promotion | $0 |
| Office expenses | $256,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $427,420 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,669 |
| Insurance | $100,359 |
| All other expenses | $177,230 |
| Total functional expenses | $9,443,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,125 |
| Savings and temporary cash investments | $645,969 |
| Pledges and grants receivable | $20,687 |
| Accounts receivable, net | $1,586,470 |
| 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 | $204,092 |
| Net Land, buildings, and equipment | $1,185,506 |
| Investments—publicly traded securities | $76,494,889 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,307,320 |
| Total assets | $85,574,058 |
| Accounts payable and accrued expenses | $520,107 |
| 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 | $493,240 |
| Total liabilities | $1,013,347 |
| Net assets without donor restrictions | $79,246,364 |
| Net assets with donor restrictions | $5,314,347 |
| 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 | $85,574,058 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Eye Bank For Sight Restoration Inc has recieved totaling $230,100.
| Awarding Organization | Amount |
|---|---|
M G Mccurdy Trust Uw Fbo Dallas, TX PURPOSE: RESEARCH & DEVELOPMENT | $200,227 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $11,900 |
Nitram Foundation Inc Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $6,500 |
Jophed Thomas Foundation New York, NY PURPOSE: GENERAL USE | $5,650 |
Ernst And Elfriede Frank Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE | $1,000 |
Sandpiper Fund Inc New Rochelle, NY PURPOSE: TO FURTHER DONEE'S EXEMPT PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $73,902,547 |
| Earnings | $10,985,280 |
| Net Contributions | $393,978 |
| Other Expense | $2,930,699 |
| Ending Balance | $82,351,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eye Bank For Sight Restoration Inc New York, NY | $85,574,058 | $10,301,397 |
Sight Conservation Of N E N Y Inc Albany, NY | $2,091,122 | $2,360,988 |
Organ Alliance Inc White Plains, NY | $534,247 | $1,314,396 |
New York Center For Liver Transplantation Inc Troy, NY | $455,603 | $525,688 |
Lions Eye Bank Of Nw Pa Inc Erie, PA | $441,581 | $458,814 |
Andy Talley Bone Marrow Foundation Devon, PA | $334,436 | $344,682 |
Health Navigator Foundation Inc Bronx, NY | $88,512 | $281,151 |
Matchingdonors Com Inc Canton, MA | $1,243,463 | $217,464 |
Flood Sisters Kidney Foundation Chappaqua, NY | $59,750 | $0 |
A Gift Of Life The Heart And Lung Transplant Support Group Inc Trumbull, CT | $476,692 | -$90,936 |
Lions Club Of Erie Save-An-Eye Fund Inc Erie, PA | $85,909 | $0 |
Team Pittsburgh Transplant Pittsburgh, PA | $69,895 | $0 |