Prevention Of Blindness Society Of Metropolitan Washington Inc
- Assets
- $29.9m
- Revenue
- $2.1m
- Investments
- $1.3m
- Employees
- 43
- Location
- Washington, DC
- Founding
- 09/1947
- Data as of
- 06/2021
- EIN
- 53-0204690
Organization Overview
Prevention Of Blindness Society Of Metropolitan Washington Inc is located in Washington, DC. The organization was established in 1947. 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. As of 06/2021, Prevention Of Blindness Society Of Metropolitan Washington Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prevention Of Blindness Society Of Metropolitan Washington 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 06/2021, Prevention Of Blindness Society Of Metropolitan Washington Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 6 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, Prevention Of Blindness Society Of Metropolitan Washington Inc has awarded 24 individual grants totaling $910,037. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PREVENT BLINDNESS FOR POPULATIONS AT RISK
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S VISION SCREENING: THE SOCIETY PROVIDES VISION SCREENINGS TO PRE-SCHOOL AGED CHILDREN TO DETECT EARLY STAGE VISION DEFECTS.
EYEGLASSES FOR THE NEEDY: THE SOCIETY PROVIDES LOW COST EYEGLASSES TO HOMELESS AND LOW INCOME PERSONS IN THE WASHINGTON D.C. AREA EACH YEAR.
MACULAR DEGENERATION AND LOW VISION EDUCATION: THE SOCIETY WORKS TO EDUCATE THE PUBLIC REGARDING EYE HEALTH THROUGH SEMINARS THAT ARE LED BY PROFESSIONALS WITH EXPERTISE IN THE FIELD. THE SOCIETY ALSO OFFERS SUPPORT GROUP MEETINGS AND A FREE MONTHLY NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caren Forsten Executive Director | Officer | 40 | $152,754 |
Christine Rocchio 1st Vice President/directo | OfficerTrustee | 10 | $0 |
Marcia Williamson Treasurer/director | OfficerTrustee | 10 | $0 |
Virginia Elgin Secretary/director | OfficerTrustee | 10 | $0 |
Jennie Kronthal President/director | OfficerTrustee | 10 | $0 |
Wendy Gasch 2nd Vice President/directo | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,720 |
| Related organizations | $0 |
| Government grants | $210,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $480,140 |
| Total Program Service Revenue | $13,929 |
| Investment income | $411,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $369,660 |
| Net Gain/Loss on Asset Sales | $612,287 |
| Net Income from Fundraising Events | -$8,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$136,432 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,060,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,521 |
| Grants and other assistance to domestic individuals. | $8,079 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $118,094 |
| Compensation of current officers, directors, key employees. | $23,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $754,529 |
| Pension plan accruals and contributions | $37,822 |
| Other employee benefits | $101,299 |
| Payroll taxes | $69,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,502 |
| Fees for services: Accounting | $6,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,816 |
| Fees for services: Other | $19,801 |
| Advertising and promotion | $0 |
| Office expenses | $4,097 |
| Information technology | $21,882 |
| Royalties | $0 |
| Occupancy | $12,757 |
| Travel | $977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,285 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,678 |
| Insurance | $24,505 |
| All other expenses | $28,418 |
| Total functional expenses | $1,643,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,189,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,213 |
| 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 | $41,704 |
| Net Land, buildings, and equipment | $8,468,874 |
| Investments—publicly traded securities | $18,650,526 |
| Investments—other securities | $1,283,724 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,710 |
| Total assets | $29,901,307 |
| Accounts payable and accrued expenses | $291,217 |
| 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 | $29,682 |
| Total liabilities | $320,899 |
| Net assets without donor restrictions | $28,034,984 |
| Net assets with donor restrictions | $1,545,424 |
| 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 | $29,901,307 |
Grants Awarded
Over the last fiscal year, Prevention Of Blindness Society Of Metropolitan Washington Inc has awarded $83,521 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LOW VISION SERVICES PLC PURPOSE: COLLECTIVE HONORIA FOR OUTREACH ACTIVITIES ON BEHALF OF PREVENTION OF BLINDNESS | $58,521 |
THE RETINA GROUP OF WASHINGTON PPLC PURPOSE: MULTI-MODAL IMAGING CHARACTERISTICS OF PCR-PROVEN INFECTIOUS RETINITIS RESEARCH | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Prevention Of Blindness Society Of Metropolitan Washington Inc has recieved totaling $32,846.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: HEALTH AND WELLNESS | $17,740 |
Stephen A And Diana L Goldberg Foundation Inc Mclean, VA PURPOSE: UNRESTRICTED GRANT FOR EXEMPT PURPOSES | $10,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Endowment Analysis
| Beg. Balance | $15,941,574 |
| Earnings | $4,313,503 |
| Admin Expense | $30,741 |
| Other Expense | $1,684,003 |
| Ending Balance | $18,540,333 |
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 |
Conexus Richmond, VA | $2,113,559 | $3,416,760 |
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 |
Contact Lens Institute Washington, DC | $782,895 | $921,247 |
Needles Eye Ministries Inc Richmond, VA | $1,580,056 | $1,458,314 |
Maryland Optometric Association Inc Stevenson, MD | $855,087 | $600,753 |
Maryland Society For Sight Inc C/O Joanne Waeltermann Glyndon, MD | $0 | $246,504 |
Washington National Eye Center Inc Washington, DC | $922,683 | $949,097 |
Sixteen Hundred Eye Street Corp Washington, DC | $0 | $480,093 |