Tarrant Eye Resources Inc
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Fort Worth, TX
- Founding
- 05/2007
- Data as of
- 12/2021
- 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 12/2021, Tarrant Eye Resources Inc employed 12 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 12/2021, Tarrant Eye Resources Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.3m 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
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 | $329,698 |
Joseph Shelton Accountant | Officer | 10 | $53,970 |
Anthony Formby Treasurer | OfficerTrustee | 2 | $0 |
Bobby Breed Chairman | OfficerTrustee | 2 | $0 |
Richard Carr Member At Large | Trustee | 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 | $915,455 |
| Investment income | $20,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,500 |
| 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 | $1,092,052 |
| 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. | $329,698 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,211 |
| Payroll taxes | $45,798 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96 |
| Fees for services: Accounting | $2,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $759 |
| Office expenses | $7,090 |
| Information technology | $16,059 |
| Royalties | $0 |
| Occupancy | $158,253 |
| Travel | $4,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,326 |
| Interest | $6,816 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,857 |
| Insurance | $3,628 |
| All other expenses | $199,751 |
| Total functional expenses | $1,283,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,624 |
| Savings and temporary cash investments | $330,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,775 |
| 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 | $178,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,816 |
| Total assets | $1,198,647 |
| Accounts payable and accrued expenses | $72,367 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,367 |
| 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 | $1,076,280 |
| Total liabilities and net assets/fund balances | $1,198,647 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Retina Foundation Of The Southwest Dallas, TX | $12,529,577 | $5,235,992 |
Hermann Eye Fund Houston, TX | $36,488,074 | $1,787,346 |
Retina Research Foundation Houston, TX | $4,418,640 | $2,470,353 |
Tarrant Eye Resources Inc Fort Worth, TX | $1,198,647 | $1,092,052 |
Benign Essential Blepharospasm Research Foundation Inc Beaumont, TX | $1,823,419 | $511,633 |
Kino-Eye Centere For Visual Innovation Houston, TX | $39,958 | $0 |
Schepens International Society Houston, TX | $0 | $0 |
Pediatric Vision Research And Diagnostic Center Fort Worth, TX | $259,134 | $46,613 |
Wheeler Vision Research Center Houston, TX | $15,165 | $0 |
Foundation For Retinal Research Metairie, LA | $106,947 | $0 |