Swain-Grousbeck Sight Trust
- Assets
- $603.8k
- Revenue
- $54.1k
- Investments
- $585.7k
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 07/1966
- Data as of
- 12/2021
- EIN
- 54-6059890
Organization Overview
Swain-Grousbeck Sight Trust is located in Martinsville, VA. The organization was established in 1966. 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. Swain-Grousbeck Sight Trust 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, Swain-Grousbeck Sight Trust generated $54.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $39.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO INDIGENT FOR EYESIGHT CONSERVATION
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| Interest on Savings | $4,455 |
| Dividends & Interest | $8,125 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,541 |
| Capital Gain Net Income | $36,541 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,216 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $195 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $129 |
| Total operating and administrative expenses | $10,540 |
| Contributions, gifts, grants paid | $29,352 |
| Total expenses and disbursements | $39,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,164 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $603,830 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Swain-Grousbeck Sight Trust has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Contact Lens Institute Washington, DC | $782,895 | $921,247 |