Civic Intelligence

Virginia Eye Foundation

990 • Fiscal year 2023 • EIN 20-1612154

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

Organization Profilevirgniaeyefoundation.org
241 Corporate BlvdNorfolk, VA 23502

(757) 622-2200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

161%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

100th percentile

17595%

Faster revenue growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$235,190

Up $145,244 (+161%) from 2022

Net Assets

Up

$235,190

Up $145,244 (+161%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin73rd percentile

Revenue

Up

$498,125

Up $495,310 (+17595%) from 2022

Expenses

Down

$402,881

Down $707,325 (-64%) from 2022

Net Income

Up

$95,244

Up $1,202,635 (+109%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $96,425Liabilities 2010: $0Net Assets 2010: $96,4252010Assets 2011: $96,479Liabilities 2011: $0Net Assets 2011: $96,4792011Assets 2012: $100,591Liabilities 2012: $38Net Assets 2012: $100,5532012Assets 2013: $190,309Liabilities 2013: $1,207Net Assets 2013: $189,1022013Assets 2014: $225,317Liabilities 2014: $0Net Assets 2014: $225,3172014Assets 2015: $300,273Liabilities 2015: $2,750Net Assets 2015: $297,5232015Assets 2016: $419,767Liabilities 2016: $0Net Assets 2016: $419,7672016Assets 2017: $514,226Liabilities 2017: $0Net Assets 2017: $514,2262017Assets 2018: $581,070Liabilities 2018: $0Net Assets 2018: $581,0702018Assets 2019: $783,655Liabilities 2019: $0Net Assets 2019: $783,6552019Assets 2020: $1,003,081Liabilities 2020: $0Net Assets 2020: $1,003,0812020Assets 2021: $1,197,337Liabilities 2021: $0Net Assets 2021: $1,197,3372021Assets 2022: $89,946Liabilities 2022: $0Net Assets 2022: $89,9462022Assets 2023: $235,190Liabilities 2023: $0Net Assets 2023: $235,1902023Assets 2024: $132,431Liabilities 2024: $0Net Assets 2024: $132,4312024

Highlighted filing

2023

Assets$235,190
Liabilities$0
Net Assets$235,190
Open 2023 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $6,4262010Expenses 2011: $1,7812011Expenses 2012: $1,8832012Revenue 2013: $98,434Expenses 2013: $9,885Net Income 2013: $88,5492013Revenue 2014: $117,476Expenses 2014: $81,261Net Income 2014: $36,2152014Revenue 2015: $154,890Expenses 2015: $82,684Net Income 2015: $72,2062015Revenue 2016: $216,489Expenses 2016: $94,245Net Income 2016: $122,2442016Revenue 2017: $224,518Expenses 2017: $130,059Net Income 2017: $94,4592017Revenue 2018: $226,279Expenses 2018: $159,435Net Income 2018: $66,8442018Revenue 2019: $296,730Expenses 2019: $94,145Net Income 2019: $202,5852019Revenue 2020: $347,466Expenses 2020: $128,040Net Income 2020: $219,4262020Revenue 2021: $352,607Expenses 2021: $158,351Net Income 2021: $194,2562021Revenue 2022: $2,815Expenses 2022: $1,110,206Net Income 2022: -$1,107,3912022Revenue 2023: $498,125Expenses 2023: $402,881Net Income 2023: $95,2442023Revenue 2024: $368,980Expenses 2024: $471,739Net Income 2024: -$102,7592024

Highlighted filing

2023

Revenue$498,125
Expenses$402,881
Net Income$95,244
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$498,125
Mission and Program Overview

Mission

The foundation is dedicated to the improvement of eye care and the prevention of blindness. The foundation conducts and promotes basic laboratory research and training to individuals engaged in a career in the visual sciences. Clinical concerns include providng medical and surgical eye care to needy or uninsured individuals.

MEDICAL RESEARCH

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$88,394$234,617▲ $146,223
Land, Buildings, and Equipment, Net$1,452$473▼ $979
Savings and Temporary Cash Investments$100$100→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$89,946$235,190▲ $145,244
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,946$235,190▲ $145,244
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$89,946$235,190▲ $145,244
Total Liabilities and Net Assets / Fund Balance$89,946$235,190▲ $145,244

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$473$8,966$9,439
Other Land Buildings-$1,350$1,350
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
John D Sheppard Jr MdPresident
Stephen V Scoper MdVice President
David M Salib MdDirector
Elizabeth Yeu MdDirector
Frank Lattanzio PhdDirector
Luisa GazzoloDirector
Pat Grillo Cdr Usn RetDirector
Patricia Williams PhdDirector
Sean SheppardDirector
Clelia C SheppardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$498,125
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$498,125
Change in Net Assets
$95,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$381,600
Other Expenses$21,281
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$341,600--$341,600
Grants to Domestic Individuals$40,000--$40,000
Fees for Services Legal-$7,757-$7,757
Fees for Services Accounting-$4,265-$4,265
All Other Expenses-$1,926-$1,926
Depreciation Depletion-$979-$979
Other Expenses-$25$0$25
Total Functional Expenses$381,600$21,281$0$402,881
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hampton Roads Community FoundationNorfolk, VA-Scholarship$300,000
Western Tidewater Free ClinicSuffolk, VA-Donation$25,000
Foundation Fighting BlindnessColumbia, MA-Donation$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Section C Disclosure Line 19

“The foundation makes its annual form 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Eye Foundation
EIN
20-1612154
In Care Of
% THE FOUNDATION
Phone
7576222200
Address
241 Corporate Blvd, Norfolk, VA 23502

Signing Officer

Name
John Sheppard
Title
President
Phone
7576222200
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Sheppard
Formed
2004
Legal Domicile
Va
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Bdo USA
Address
300 E Main St Ste 1300, Norfolk, VA 23510
Preparer
Nicole J Wood-Sabo
Phone
7576407190
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IRS990/OtherExpensesGrp/Desc0BANK SERVICE & MERCHANT FEES
IRS990/OtherExpensesGrp/Desc1CHARITY PROCEDURES SUPPLIES
IRS990/OtherExpensesGrp/Desc2PATIENT MEDICAL SERVICES
IRS990/OtherExpensesGrp/Desc3LICENSES AND PERMITS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02615
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22514
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt325
IRS990/OtherExpensesGrp/TotalAmt02615
IRS990/OtherExpensesGrp/TotalAmt11200
IRS990/OtherExpensesGrp/TotalAmt22514
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IRS990/PYOtherExpensesAmt012366
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1107391
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01110206
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02815
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt095244
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01976
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01976
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt030266
IRS990ScheduleA/TotalSupportAmt030266
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt28000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt34000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Randolph-Macon College
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1The College of William & Mary
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2James Madison University
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3Soka University of America
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IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2DONATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Hampton Roads Community Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Western Tidewater Free Clinic
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Foundation Fighting Blindness
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0101 W Main
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12019 Meade Parkway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt26925 Oakland Mills Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0St 4500
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Norfolk
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Suffolk
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Columbia
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023510
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123434
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd221045
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WORKS WITH GUIDANCE COUNSELORS IN MAGNET SCIENCE AND MEDICAY ACADEMIES USING A FINANCIAL ELIGIBILITY PROCESS TO DETERMINE QUALIFICATION FOR SCHOLARSHIPS TO STUDENTS PURSUING AN EDUCTATION IN THE VISUAL SCIENCES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I GRANTS [PART IV SUPPLEMENTAL INFORMATION]
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAKES ITS ANNUAL FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$235,190
Liabilities
$0
Net assets
$235,190
Revenue
$498,125
Expenses
$402,881
Net income
$95,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.37$0.47$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.50$0.40$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.00$1.11$1.11
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.35$0.16$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.35$0.13$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$0.30$0.09$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.23$0.16$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$0.22$0.13$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$0.22$0.09$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.15$0.08$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.12$0.08$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.10$0.01$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.01