Ohio Lions Eye Research Foundation
- Assets
- $2.2m
- Revenue
- $297.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Ashland, OH
- Founding
- 03/1957
- Data as of
- 06/2022
- EIN
- 31-6049332
Organization Overview
Ohio Lions Eye Research Foundation is located in Ashland, OH. The organization was established in 1957. 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. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Ohio Lions Eye Research Foundation 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 06/2022, Ohio Lions Eye Research Foundation generated $297.2k 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 (25.6%) each year. All expenses for the organization totaled $614.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ohio Lions Eye Research Foundation has awarded 47 individual grants totaling $2,744,297. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING TO VARIOUS RESEARCH PROJECTS RELATING TO EYE DISEASES, BLINDNESS, AND DIABETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING FOR RESEARCH RELATED TO DISEASES OF THE EYE AND CAUSES OF BLINDNESS ANDOTHER EYE PROBLEMS
PROVIDE FUNDING FOR RESEARCH RELATED TO DISEASES OF THE EYE AND CAUSES OF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Brown President | OfficerTrustee | 2 | $0 |
Dave Jordon Vice-Preside | OfficerTrustee | 1 | $0 |
Myron Amstutz Treasurer | OfficerTrustee | 2 | $0 |
Jeff Sweeney Secretary | OfficerTrustee | 2 | $0 |
Forrest Conrad Exec Treasur | Officer | 2 | $0 |
Joe Jackson Trustee At L | 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 | $89,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,756 |
| Total Program Service Revenue | $0 |
| Investment income | $207,491 |
| 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 | $297,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $579,291 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $30,000 |
| Fees for services: Other | $1,236 |
| Advertising and promotion | $72 |
| Office expenses | $261 |
| Information technology | $49 |
| 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 | $1,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $614,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,381 |
| Savings and temporary cash investments | $0 |
| 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 | $2,055,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,196,787 |
| 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 | $2,196,787 |
| 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 | $2,196,787 |
Grants Awarded
Over the last fiscal year, Ohio Lions Eye Research Foundation has awarded $579,291 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH | | $139,996 |
UNIV OF CINCINNATI | | | $107,000 |
Cleveland, OH | | $107,000 |
UNIV OF CINCINNATI | | | $101,295 |
Columbus, OH | | $84,000 |
Cleveland, OH | | $40,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eye & Ear Foundation Inc Pittsburgh, PA | $60,351,580 | $25,333,701 |
Ohio Lions Eye Research Foundation Ashland, OH | $2,196,787 | $297,247 |
Cincinnati Eye Institute Foundation Cincinnati, OH | $816,396 | $513,575 |
Foundation For Vision Research Grand Rapids, MI | $1,019,038 | $734,403 |
Christian Ophthalmology Society Inc Paducah, KY | $317,229 | $394,987 |
The International Society For Eye Research South Euclid, OH | $764,089 | $221,473 |
Eye Tumor Research Foundation Inc Philadelphia, PA | $981,796 | $203,641 |
Pediatric Retinal Research Foundation Birmingham, MI | $1,234,752 | $182,463 |
Coa Research Foundation Dublin, OH | $0 | $0 |
Blaydes Eye Foundation Bluefield, WV | $172,660 | $32,083 |
Philadelphia Retina Endowment Fund C/O Jay Federman Md Philadelphia, PA | $0 | -$302 |
Collaborative Network Of Innovative Vitreoretinal Specialists West Bloomfield, MI | $53,498 | $0 |