Advancing Sight Network
- Assets
- $16.8m
- Revenue
- $13.3m
- Investments
- $400.1k
- Employees
- 97
- Location
- Birmingham, AL
- Founding
- 02/1985
- Data as of
- 06/2022
- EIN
- 63-0880135
Organization Overview
Advancing Sight Network is located in Birmingham, AL. The organization was established in 1985. 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, Advancing Sight Network employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advancing Sight Network 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, Advancing Sight Network generated $13.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $12.0m during the year ending 06/2022. While expenses have increased by 10.6% 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
WE ENHANCE LIVES BY RESTORING EYESIGHT IN OUR LOCAL AND GLOBAL COMMUNITIES THROUGH A NETWORK OF PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS THE RESTORATION OF SIGHT THROUGH TIMELY RECOVERY, PRECISION PROCESSING, AND EFFICIENT DISTRIBUTION OF THE HIGHEST QUALITY EYE TISSUES FOR TRANSPLANTATION, RESEARCH, AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Blake President/ CEO | Officer | 45 | $274,272 |
Kyle Mavin Chief Clinical Officer | Officer | 45 | $194,335 |
Teresa Ham Chief Administrative Officer | Officer | 45 | $160,909 |
Greg Grossman Chief Scientific Officer | Officer | 45 | $151,263 |
Tom Cattell Senior Vice President Of Information Services | Officer | 45 | $124,235 |
Tyler Hall Secretary/ Associate Medical Director | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,019,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,616,238 |
| Total Program Service Revenue | $10,332,422 |
| Investment income | $607,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $723,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,312,394 |
| 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. | $780,779 |
| Compensation of current officers, directors, key employees. | $199,217 |
| Compensation to disqualified persons | $5,152,025 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,870,837 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,778 |
| Fees for services: Accounting | $23,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,231 |
| Fees for services: Other | $281,377 |
| Advertising and promotion | $179,631 |
| Office expenses | $44,469 |
| Information technology | $202,878 |
| Royalties | $0 |
| Occupancy | $235,700 |
| Travel | $104,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,940 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,300 |
| Insurance | $175,809 |
| All other expenses | $178,260 |
| Total functional expenses | $11,995,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,144 |
| Savings and temporary cash investments | $448,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,548,274 |
| 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 | $3,460,767 |
| Investments—publicly traded securities | $9,081,841 |
| Investments—other securities | $400,084 |
| Investments—program-related | $0 |
| Intangible assets | $1,349,233 |
| Other assets | $4,600 |
| Total assets | $16,847,283 |
| Accounts payable and accrued expenses | $1,542,226 |
| 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 | $1,437,500 |
| Other liabilities | $0 |
| Total liabilities | $2,979,726 |
| Net assets without donor restrictions | $13,346,184 |
| Net assets with donor restrictions | $521,373 |
| 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 | $16,847,283 |
Grants Awarded
Over the last fiscal year, Advancing Sight Network has awarded $162,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UAB CALLAHAN EYE HOSPITAL PURPOSE: TO ASSIST THE HOSPITAL WITH THE NEW OR WAITING ROOM. | $150,000 |
Pelham, AL PURPOSE: TO ASSIST IN SUPPORTING CHILDREN'S VISION SCREENING. | $12,000 |
NIIOS-USA PURPOSE: TO ASSIST IN PROVIDING EDUCAITON ON INNOVATIVE SURGICAL TECHNIQUES TO CORNEAL SURGEONS. | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Advancing Sight Network has recieved totaling $51.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $51 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lions Eye Institute For Transplant And Research Inc Tampa, FL | $36,401,259 | $30,316,116 |
Mississippi Organ Recovery Agency Flowood, MS | $20,006,402 | $20,913,748 |
Advancing Sight Network Birmingham, AL | $16,847,283 | $13,312,394 |
Mid-South Transplant Foundation Inc Cordova, TN | $10,965,203 | $13,974,113 |
Regenerative Biologics Inc Gainesville, FL | $14,972,060 | $13,176,216 |
Florida Tissue Services Inc Pensacola, FL | $58,206 | $2,320,063 |
Florida Lions Eye Bank Inc Miami, FL | $19,559,496 | $4,260,143 |
National Foundation For Transplants Inc Memphis, TN | $1,969,984 | $2,489,249 |
East Tennessee Lions Eye Bank Knoxville, TN | $4,015,970 | $2,007,043 |
Restore Life Usa Inc Elizabethton, TN | $851,051 | $1,598,692 |
Mississippi Lions Eye Bank Inc Flowood, MS | $0 | $514,260 |
Tennessee County Clerks Organ Donor Awareness Foundation Nashville, TN | $284,073 | $318,988 |