Connecticut Eye Bank and Visual Research Foundation Inc

“Form 990 review process an independent accounting firm prepares the form 990. The executive director based on site with the reporting organization is provided the return prior to filing for comments and review. The authorized director/officer of the governing board of directors for the reporting organization reviews and signs the form 990 prior to filing with the irs.”

“Process of determining compensation the managing organization, tbi, in consultation with the chairman of the governing board of directors of the reporting organization determines the compensation of the executive director and in turn the management company and the executive director will determine compensation levels for other individuals stationed onsite. An annual, formal appraisal system is used to determine changes to compensation for the executive director and other staff.”

“Public disclosure of documents the reporting organization does not have a formal policy with respect to making available to the public the organization's governing documents and financial information.”

“Program service activities outside the united states the eye bank first makes available eye tissue to those in need in connecticut and the united states. If tissue is not needed in the u.s it is offered for use on blind patients outside the u.s. The placement of corneas outside the u.s results in revenues earned for programs services. These revenues are typically paid by hospitals and ophthalmic surgeons based outside the u.s. In addition, the eye bank made available a number of corneas for free(gratis) or at reduced fee for transplantation in patients who are indigent or with reduced economic means. The eye bank expenditures are generally incurred in the united states. The organization's accounting system does not allocate expenses for eye tissue that is distributed to patients overseas for free(gratis) or at reduced fees.”

“Reimb of network placement: program service expenses 371,905. Management and general expenses 92,976. Fundraising expenses 0. Total expenses 464,881. Other professional fees: program service expenses 112,409. Management and general expenses 9,778. Fundraising expenses 0. Total expenses 122,187.”

“BAD DEBTS -2,109.”