Old Dominion Eye Foundation Inc
- Assets
- $3.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 38
- Location
- Richmond, VA
- Founding
- 01/1964
- Data as of
- 06/2022
- EIN
- 54-0699616
Organization Overview
Old Dominion Eye Foundation Inc is located in Richmond, VA. The organization was established in 1964. 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 06/2022, Old Dominion Eye Foundation Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Dominion Eye Foundation 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 06/2022, Old Dominion Eye Foundation Inc generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPLY HUMAN EYE TISSUE FOR TRANSPLANT/RESEARCH/TEACHING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN EYE BANK AND RELATED SERVICES. THE MAIN PURPOSES ARE TO SUPPLY HUMAN EYE TISSUE FOR CORNEAL TRANSPLANTS, RESEARCH AND TEACHING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Proctor Exec Directo | OfficerTrustee | 40 | $125,246 |
Pat Isaac Pcc Past Preside | OfficerTrustee | 1 | $0 |
Minesh S Patel MD Vice Preside | OfficerTrustee | 1 | $0 |
Mary Jackson President | OfficerTrustee | 1 | $0 |
G Kenneth Isaac Jr Pcc Advisor | OfficerTrustee | 1 | $0 |
Leighann Hochstrasser Director | OfficerTrustee | 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 | $68,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,550 |
| Total Program Service Revenue | $2,027,878 |
| Investment income | $80,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163,218 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,344,556 |
| 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. | $161,667 |
| Compensation of current officers, directors, key employees. | $161,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,128,203 |
| Pension plan accruals and contributions | $19,995 |
| Other employee benefits | $68,250 |
| Payroll taxes | $98,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,550 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $86,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,853 |
| Travel | $56,966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,412 |
| Insurance | $34,775 |
| All other expenses | $849 |
| Total functional expenses | $2,437,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,900 |
| 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 | $8,530 |
| Net Land, buildings, and equipment | $80,596 |
| Investments—publicly traded securities | $2,414,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,389,966 |
| Accounts payable and accrued expenses | $234,225 |
| 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 | $84,861 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $319,086 |
| Net assets without donor restrictions | $3,070,880 |
| 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 | $3,389,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miracles In Sight Winston Salem, NC | $25,282,806 | $15,112,420 |
Mid-South Transplant Foundation Inc Cordova, TN | $10,965,203 | $13,974,113 |
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 |
National Foundation For Transplants Inc Memphis, TN | $1,969,984 | $2,489,249 |
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 |
East Tennessee Lions Eye Bank Knoxville, TN | $4,015,970 | $2,007,043 |
Restore Life Usa Inc Elizabethton, TN | $851,051 | $1,598,692 |
North American Transplant Coordinators Organization Oak Hill, VA | $991,443 | $821,100 |
Tennessee County Clerks Organ Donor Awareness Foundation Nashville, TN | $284,073 | $318,988 |