Lions Eye Bank of Delaware Valley

“Mary devon o'brien (trustee) and christopher smith (trustee) have a family relationship.”

“As outlined in the organization's constitution, the organization's membership is comprised of lions and lions clubs in good standing with lions clubs international from the areas served as well as five special members whose interests and talents are consistent with the purpose of the foundation. The following classes of members exist: active (right to vote and hold office), special (right to vote and hold office), privileged (right to vote) and honorary. All members of the foundation are volunteers and the organization does not have stockholders.”

“The members of the governing body are elected by the general membership annually at the foundation's annual business meeting. Each trustee and two active members of the foundation (excluding trustees) from each lions club shall have the opportunity to vote in the election of officers and trustees.”

“The members must approve officers and trustees, and any changes in the form of amendments to the foundations constitution & by laws.”

“The return preparer emails a copy of the final version of form 990 to management who forwards a copy to each member of the audit review committee before filing the 990. A telephone conference in held between the return preparer and those charged with governance and all questions are addressed and resolved prior to filing the return.”

“The organization distributes a conflict of interest statement annually to all board members which describes what may constitute a conflict of interest and must be signed and dated by the board members indicating that no such conflict exists. The statement describes that in the event of a conflict the individual should abstain from decision-taking actions, and the abstention should be formally noted in the minutes. Signed copies of this statement are kept on file. No such conflict arose during the year ended 6/30/24.”

“The salary of the president is reviewed and approved by the governing body, as presented by the human resources committee, annually. Altruvision utilizes an industry-wide compensation survey conducted by the eye bank association of america (ebaa) along with 990 information obtained through guidestar. The human relations committee compares these benchmarks with the salary levels of the highly compensated employees, adjusted for region and performance then determined that the salaries were reasonable. Ever since, the raises are in line with performance and inflation. The human resources committee approves raises annually, including 2023-2024. All supporting documentation is maintained.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request during normal business hours.”

“Change in value of life interest trust 168,818.”

“No processes have changed since the prior year filing.”