East Tennessee Lions Eye Bank
- Assets
- $4.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Knoxville, TN
- Founding
- 12/1972
- Data as of
- 06/2022
- EIN
- 62-0800221
Organization Overview
East Tennessee Lions Eye Bank is located in Knoxville, TN. The organization was established in 1972. 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, East Tennessee Lions Eye Bank employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Tennessee Lions Eye Bank 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, East Tennessee Lions Eye Bank generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIGHT IMPROVEMENT FOR CORNEA RELATED IMPAIRMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPLANT SERVICES - THE ORGANIZATION PROCESSED 692 EYE TISSUES AND PROVIDED 474 CORNEAS FOR TRANSPLANT TO INDIVIDUALS IN NEED.
RESEARCH - THE ORGANIZATION PROVIDED EYE TISSUE FOR RESEARCH LOCALLY AND NATIONALLY.
EDUCATION - THE ORGANIZATION PROVIDED 25 EDUCATION AND IN-SERVICE SESSIONS THIS YEAR WITH BETWEEN THREE TO SIX MEDICAL PROFESSIONALS IN ATTENDANCE AT EACH SESSION. THESE PROFESSIONALS INCLUDE PHYSICIANS, NURSES, ETC. THE ORGANIZATION ALSO ASSISTED WITH AREA-WIDE WORKSHOPS AND HEALTH FAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Stewart Executive Di | Officer | 40 | $270,877 |
Yvette Venters Qa Director | 40 | $122,994 | |
Paulette Bailey President | OfficerTrustee | $0 | |
Neal Vaughan Treasurer | OfficerTrustee | $0 | |
Cheri Doane Vice Preside | OfficerTrustee | $0 | |
Diane Wilkerson Secretary | OfficerTrustee | $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 | $4,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,842 |
| Total Program Service Revenue | $1,983,457 |
| Investment income | $31,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,007,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,236 |
| 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. | $388,578 |
| Compensation of current officers, directors, key employees. | $233,147 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $703,321 |
| Pension plan accruals and contributions | $16,520 |
| Other employee benefits | $78,151 |
| Payroll taxes | $67,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,224 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,125 |
| Office expenses | $12,138 |
| Information technology | $6,455 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,551 |
| Insurance | $13,387 |
| All other expenses | $113,702 |
| Total functional expenses | $2,255,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,171,770 |
| 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 | $758,270 |
| Investments—publicly traded securities | $85,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,015,970 |
| 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 | $4,015,970 |
| 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 | $4,015,970 |
Grants Awarded
Over the last fiscal year, East Tennessee Lions Eye Bank has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BLOUNT COUNTY TN PURPOSE: INCLUSIVE PLAYGROUND | $35,000 |
Maryville, TN PURPOSE: KAPA PARTNERSHIP | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi Organ Recovery Agency Flowood, MS | $20,006,402 | $20,913,748 |
Arkansas Regional Organ Recovery Agency Inc Little Rock, AR | $22,160,578 | $19,295,417 |
Miracles In Sight Winston Salem, NC | $25,282,806 | $15,112,420 |
Advancing Sight Network Birmingham, AL | $16,847,283 | $13,312,394 |
Mid-South Transplant Foundation Inc Cordova, TN | $10,965,203 | $13,974,113 |
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 |
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 |
Cornea360 Kansas City, MO | $0 | $596,315 |