Virginia Lions Eye Institute Foundation
- Assets
- $1.1m
- Revenue
- $92.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 01/1980
- Data as of
- 06/2022
- EIN
- 51-0245834
Organization Overview
Virginia Lions Eye Institute Foundation is located in Falls Church, VA. The organization was established in 1980. 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. Virginia Lions Eye Institute 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, Virginia Lions Eye Institute Foundation generated $92.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $174.5k during the year ending 06/2022. While expenses have increased by 16.2% 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.
Since 2015, Virginia Lions Eye Institute Foundation has awarded 19 individual grants totaling $570,798. 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
SUPPORT INDIGENT EYE CLINIC WHICH PROVIDES MEDICAL EYE SERVICES, SURGICAL EYE SERVICES, AND PRESCRIPTIONS FOR GLASSES. FUND LOW VISION CENTERS. PROVIDE EDUCATIONAL GRANTS TO THE VISUALLY HANDICAPPED. SUPPORT RELATED EXISTING EDUCATIONAL PROGRAMS. SUPPORT EYE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM 1: GRANT PROGRAM TO ASSIST VISUALLY IMPAIRED INDIVIDUALS WITH THEIR EDUCATIONAL PURSUITS TO IMPROVE THEIR ABILITY TO BETTER ACCLIMATE AND FUNCTION INDEPENDENTLY. GRANT AMOUNT FOR TUITION AND EQUIPMENT RELATED TO THE EDUCATIONAL PURSUIT. INDIVIDUALS ARE ELIGIBLE FOR UP TO THREE YEARS OF FUNDING IF THE INDIVIDUAL SUBMITS AN EXPLANATION OF HOW THE FUNDS WERE USED FOR EACH YEAR. GRANT DISTRIBUTION: YEAR ONE, $3,000; YEAR TWO, $2,000; AND YEAR THREE, $1,000. 25 RECIPIENTS IN FISCAL YEAR ENDED JUNE 30, 2022.
PROGRAM 2: IN 2021, VLEIF MADE A PLAN TO EXPAND AND BEGIN A CLINIC IN ANOTHER PART OF THE DISTRICT. THE VLEIF EXPANSION TASK FORCE CONTACTED THE MOSS FREE CLINIC IN FREDERICKSBURG, VA. VLEIF PROPOSED TO PROVIDE THE REQUIRED EQUIPMENT TO HAVE AN EYE CLINIC AS PART OF THE MOSS FREE CLINIC. THE EYE CLINIC OPENED IN SEPTEMBER 2022.
PROGRAM 3: ANNUAL DONATION TO ASSIST WITH THE OPERATING EXPENSES AT THE LIONS EYE CLINIC. IN 2021-22 THE CLINIC SERVED 1,729 UNIQUE PATIENTS WITH A TOTAL OF 4,419 VISITS/APPOINTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Parker Vice Presne Region Zone E R | OfficerTrustee | 1 | $0 |
Edward L Woodard Presidentne Region Zone C Re | OfficerTrustee | 8 | $0 |
Sally B Kenavan Treasurer Rgn Zone I Rep | OfficerTrustee | 2 | $0 |
Shirley Gorospe Secretaryne Region Zone C Re | OfficerTrustee | 2 | $0 |
Don Bradley Director Ne Region Zone E Re | Trustee | 1 | $0 |
Rose Burrus District Governor | 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 | $23,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,240 |
| Total Program Service Revenue | $0 |
| Investment income | $39,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,190 |
| Grants and other assistance to domestic individuals. | $58,000 |
| 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 | $2,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,528 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,321 |
| Information technology | $93 |
| 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 | $2,287 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,400 |
| All other expenses | $0 |
| Total functional expenses | $174,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,225 |
| 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 | $948,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,050,935 |
| 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 | $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 | $1,050,935 |
| Total liabilities and net assets/fund balances | $1,050,935 |
Grants Awarded
Over the last fiscal year, Virginia Lions Eye Institute Foundation has awarded $92,690 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Fredericksburg, VA PURPOSE: Medical equipment | $29,827 |
Fairfax, VA PURPOSE: Lions Eye Clinic | $25,000 |
PREVEN OF BLINDNESSLOW VISION CTR PURPOSE: Low vision center | $24,000 |
Falls Church, VA PURPOSE: Research | $9,555 |
Ashburn, VA PURPOSE: Research | $4,308 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Lions Eye Institute Foundation has recieved totaling $9,555.
| Awarding Organization | Amount |
|---|---|
Virginia Lions Eye Institute Foundation Falls Church, VA PURPOSE: Research | $9,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Federation Of The Blind Inc Baltimore, MD | $35,001,742 | $21,045,026 |
University Of Maryland Eye Association Pa Baltimore, MD | $2,137,638 | $8,234,651 |
Metrolina Association For The Blind Inc Charlotte, NC | $1,978,768 | $3,646,463 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
Lions Volunteer Blind Industries Inc Morristown, TN | $6,170,102 | $1,326,528 |
Lions Medical Eye Bank And Research Center Of Eastern Virginia Inc Norfolk, VA | $3,467,664 | $2,434,440 |
American Council Of The Blind Inc Alexandria, VA | $5,964,246 | $2,166,772 |
Prevention Of Blindness Society Of Metropolitan Washington Inc Washington, DC | $29,901,307 | $2,060,250 |
Kentucky Optometric Association Frankfort, KY | $1,137,225 | $1,149,939 |
Cabell Wayne Association Of The Blind Inc Huntington, WV | $1,907,157 | $860,137 |
Mid-South Lions Sight And Hearing Service Memphis, TN | $169,992 | $860,951 |