Indo-American Eye Care Society Inc
- Assets
- $9.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 13-3358601
Organization Overview
Indo-American Eye Care Society Inc is located in Rochester, NY. The organization was established in 1986. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indo-American Eye Care Society 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, Indo-American Eye Care Society Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $632.5k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE (1) FREE AND AFFORDABLE EYE CARE AND (2)TRAINING AND RESEARCH IN OPTOMETRY AND OPTHALMOLOGY AT HYDERABAD EYE INSTITUTE, HYDERABAD, INDIA AND ITS AFFILIATES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EQUIPMENT FOR HOSPITALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashish Boghani President | Trustee | 4 | $0 |
Gn Rao Vice President | Trustee | 2 | $0 |
Dr G Rao Kodali Secretary/treasurer | Trustee | 2 | $0 |
Y C Mruthyunjaya Trustee | Trustee | 1 | $0 |
Vaidya Gulapalli Trustee | Trustee | 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 | $781,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $781,736 |
| Total Program Service Revenue | $0 |
| Investment income | $112,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $188,486 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,062,447 |
| 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 | $550,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $60,000 |
| 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 | $22,170 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $632,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,265,584 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,638,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,903,886 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $9,903,886 |
| 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 | $9,903,886 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Indo-American Eye Care Society Inc has recieved totaling $595,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $560,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $25,000 |
Daffy Charitable Fund Los Altos, CA PURPOSE: GENERAL SUPPORT OF MISSION | $10,000 |
Endowment Analysis
| Beg. Balance | $4,778,351 |
| Ending Balance | $4,778,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sightsavers Inc Boston, MA | $3,088,961 | $38,408,510 |
Mab Community Services Inc Brookline, MA | $22,797,863 | $33,503,586 |
Central Association For The Blind Inc Utica, NY | $109,170,090 | $29,734,150 |
Help Me See Inc New York, NY | $19,214,476 | $10,645,752 |
Carroll Center For The Blind Inc Newton, MA | $12,273,464 | $7,857,415 |
Northeastern Association Of The Blind At Albany Inc Albany, NY | $6,246,704 | $6,313,158 |
Eye To Eye Inc New York, NY | $3,187,260 | $4,382,588 |
Pennsylvania Association For The Blind Harrisburg, PA | $4,901,702 | $4,901,914 |
Lions Eye Bank Of Delaware Valley Philadelphia, PA | $14,412,620 | $4,863,038 |
Jbi International Inc New York, NY | $25,677,529 | $3,230,233 |
Vermont Association For The Blind And Visually Impaired Inc South Burlington, VT | $11,330,478 | $4,815,693 |
Glaucoma Foundation Inc New York, NY | $12,951,160 | $4,297,114 |