Tarrant Eye Resources Inc
- Assets
- $552.8k
- Revenue
- $446.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Fort Worth, TX
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-1637097
Organization Overview
Tarrant Eye Resources Inc is located in Fort Worth, TX. The organization was established in 2007. According to its NTEE Classification (H41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Tarrant Eye Resources Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tarrant Eye Resources 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, Tarrant Eye Resources Inc generated $446.8k 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 (16.3%) each year. All expenses for the organization totaled $1.1m 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
HARVESTING CORNEAS AND PROVIDING THEM FOR TRANSPLANT
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVESTING CORNEAS AND PROVIDING FOR TRANSPLANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Ramsey President | Officer | 40 | $282,130 |
Joseph Shelton Accountant | Officer | 10 | $31,403 |
Richard Carr Member At Large | Trustee | 2 | $0 |
Bobby Breed Chairman | OfficerTrustee | 2 | $0 |
Anthony Formby Treasurer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $304,643 |
| Investment income | $728 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,000 |
| Net Gain/Loss on Asset Sales | $121,540 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $446,778 |
| 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. | $282,130 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $242,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,984 |
| Payroll taxes | $32,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96 |
| Fees for services: Accounting | $9,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $876 |
| Office expenses | $4,476 |
| Information technology | $12,990 |
| Royalties | $0 |
| Occupancy | $89,972 |
| Travel | $16,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,563 |
| Interest | $3,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,593 |
| Insurance | $5,443 |
| All other expenses | $233,217 |
| Total functional expenses | $1,084,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,864 |
| Savings and temporary cash investments | $25,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,324 |
| 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 | $198,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,739 |
| Total assets | $552,814 |
| Accounts payable and accrued expenses | $59,398 |
| 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 | $54,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $113,800 |
| 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 | $439,014 |
| Total liabilities and net assets/fund balances | $552,814 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retina Foundation Of The Southwest Dallas, TX | $13,241,837 | $7,846,410 |
Hermann Eye Fund Houston, TX | $31,152,690 | $4,800,170 |
Retina Research Foundation Houston, TX | $3,916,625 | $2,299,919 |
Tarrant Eye Resources Inc Fort Worth, TX | $552,814 | $446,778 |
Benign Essential Blepharospasm Research Foundation Inc Beaumont, TX | $1,832,628 | $370,429 |
Kino-Eye Centere For Visual Innovation Houston, TX | $33,130 | $0 |
Pediatric Vision Research And Diagnostic Center Fort Worth, TX | $267,895 | $94,759 |
Wheeler Vision Research Center Houston, TX | $15,165 | $0 |
Foundation For Retinal Research Metairie, LA | $106,947 | $0 |