Keralink International Inc
- Assets
- $29.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Baltimore, MD
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 52-1290067
Organization Overview
Keralink International Inc is located in Baltimore, MD. The organization was established in 1984. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. As of 12/2021, Keralink International Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keralink International 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, Keralink International Inc generated $3.8m 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 (30.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 7 years. 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
DEVELOP & IMPLEMENT INNOVATIVE PROGRAMS, PRODUCTS, AND SERVICES TO ELIMINATE CORNEAL BLINDNESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM EXPENSES SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF INNOVATIVE PROGRAMS, PRODUCTS, AND SERVICES TO ELIMINATE CORNEAL BLINDNESS GLOBALLY.SEE SCHEDULE O FOR MORE DETAIL ON PENSION ACCRUAL AND CONTRIBUTION EXPENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas J Furlong Chairman | OfficerTrustee | 4.5 | $387,534 |
Ngu H Morcho President | OfficerTrustee | 40 | $313,904 |
Shelby Tyler Treasurer | Officer | 40 | $115,497 |
Donna L Smith Secretary | Officer | 40 | $57,137 |
Lindsay Denmark Secretary | Officer | 40 | $45,809 |
Pamela Hall Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Gaffin Group Consultant | 12/30/21 | $135,478 |
David Green Consultant | 12/30/21 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,493 |
| Total Program Service Revenue | $0 |
| Investment income | $480,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,191,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,789,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,954 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $125,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $632,291 |
| Compensation of current officers, directors, key employees. | $154,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,444 |
| Pension plan accruals and contributions | $1,126,590 |
| Other employee benefits | $10,579 |
| Payroll taxes | $48,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $259,811 |
| Fees for services: Accounting | $46,714 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,724 |
| Fees for services: Other | $340,489 |
| Advertising and promotion | $0 |
| Office expenses | $13,453 |
| Information technology | $26,205 |
| Royalties | $0 |
| Occupancy | $37,455 |
| Travel | $101,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,843 |
| Insurance | $52,605 |
| All other expenses | $209 |
| Total functional expenses | $3,144,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,280,291 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,113 |
| Net Land, buildings, and equipment | $4,895 |
| Investments—publicly traded securities | $20,665,545 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $156,339 |
| Other assets | $0 |
| Total assets | $29,745,098 |
| Accounts payable and accrued expenses | $2,769,144 |
| 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 | $2,769,144 |
| Net assets without donor restrictions | $26,975,954 |
| 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 | $29,745,098 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keralink International Inc has recieved totaling $104.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Priory In The Us Of Amer Of The Mst Ven Ord Of The Hosp Of St John Washington, DC | $5,706,399 | $4,135,502 |
Keralink International Inc Baltimore, MD | $29,745,098 | $3,789,435 |
Association Of Organ Procurement Organization Mclean, VA | $5,098,347 | $1,301,962 |
Eye Bank Association Of America Inc Washington, DC | $9,059,194 | $2,468,860 |
Old Dominion Eye Foundation Inc Richmond, VA | $3,389,966 | $2,344,556 |
North American Transplant Coordinators Organization Oak Hill, VA | $991,443 | $821,100 |
Lions Eye Bank Of Nw Pa Inc Erie, PA | $441,581 | $458,814 |
Andy Talley Bone Marrow Foundation Devon, PA | $334,436 | $344,682 |
Lions Club Of Erie Save-An-Eye Fund Inc Erie, PA | $85,909 | $0 |
Team Pittsburgh Transplant Pittsburgh, PA | $69,895 | $0 |