Civic Intelligence

Children'S Eye Foundation the Foundation

990 • Fiscal year 2015 • EIN 23-7116400

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

11800 NE 128th StKirkland, WA 98034

(817) 310-2641

Siviq Scores

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

Liabilities / Assets

69th percentile

0.19x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.15x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$4,491

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

56th percentile

3.1%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

96th percentile

180%

Faster revenue growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$601,463

Up $17,972 (+3.1%) from 2014

Net Assets

Down

$488,564

Down $13,788 (-2.7%) from 2014

Liabilities

Up

$112,899

Up $31,760 (+39%) from 2014

Revenue

Up

$728,866

Up $468,236 (+180%) from 2014

Expenses

Up

$733,996

Up $522,733 (+247%) from 2014

Net Income

Down

-$5,130

Down $54,497 (-110%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $515,740Liabilities 2010: $4,013Net Assets 2010: $511,7272010Assets 2011: $427,034Liabilities 2011: $2,242Net Assets 2011: $424,7922011Assets 2012: $394,966Liabilities 2012: $2,961Net Assets 2012: $392,0052012Assets 2013: $498,863Liabilities 2013: $45,878Net Assets 2013: $452,9852013Assets 2014: $583,491Liabilities 2014: $81,139Net Assets 2014: $502,3522014Assets 2015: $601,463Liabilities 2015: $112,899Net Assets 2015: $488,5642015Assets 2016: $475,742Liabilities 2016: $38Net Assets 2016: $475,7042016Assets 2017: $603,037Liabilities 2017: $6,108Net Assets 2017: $596,9292017Assets 2019: $1,910,944Liabilities 2019: $57,618Net Assets 2019: $1,853,3262019Assets 2020: $2,065,018Liabilities 2020: $78,282Net Assets 2020: $1,986,7362020Assets 2021: $2,723,556Liabilities 2021: $47,386Net Assets 2021: $2,676,1702021Assets 2022: $2,619,908Liabilities 2022: $13,875Net Assets 2022: $2,606,0332022Assets 2023: $4,217,195Liabilities 2023: $69,371Net Assets 2023: $4,147,8242023Assets 2024: $4,174,107Liabilities 2024: $5,632Net Assets 2024: $4,168,4752024

Highlighted filing

2015

Assets$601,463
Liabilities$112,899
Net Assets$488,564

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $131,1902010Expenses 2011: $304,8902011Expenses 2012: $340,9922012Revenue 2013: $191,625Expenses 2013: $130,645Net Income 2013: $60,9802013Revenue 2014: $260,630Expenses 2014: $211,263Net Income 2014: $49,3672014Revenue 2015: $728,866Expenses 2015: $733,996Net Income 2015: -$5,1302015Revenue 2016: $102,689Expenses 2016: $142,823Net Income 2016: -$40,1342016Revenue 2017: $301,360Expenses 2017: $210,659Net Income 2017: $90,7012017Revenue 2019: $1,545,778Expenses 2019: $397,412Net Income 2019: $1,148,3662019Revenue 2020: $448,511Expenses 2020: $415,264Net Income 2020: $33,2472020Revenue 2021: $1,418,550Expenses 2021: $945,747Net Income 2021: $472,8032021Revenue 2022: $655,873Expenses 2022: $469,758Net Income 2022: $186,1152022Revenue 2023: $824,854Expenses 2023: $681,433Net Income 2023: $143,4212023Revenue 2024: $305,239Expenses 2024: $404,069Net Income 2024: -$98,8302024

Highlighted filing

2015

Revenue$728,866
Expenses$733,996
Net Income-$5,130
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.0
Gross Receipts
$728,866
Mission and Program Overview

Mission

The Children's Eye Foundation was established in 1970. Our mission, to eliminate preventable blindness in children, is accomplished through programs that support pediatric ophthalmology research and training, and promote the highest quality eye care for children through public education and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$248,319$244,089▼ $4,230
Cash and Non-Interest-Bearing Accounts$172,671$203,460▲ $30,789
Accounts Receivable$96,340$89,637▼ $6,703
Savings and Temporary Cash Investments$63,667$64,277▲ $610
Inventories for Sale or Use$1,308$0▼ $1,308
Prepaid Expenses and Deferred Charges$1,186$0▼ $1,186
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$583,491$601,463▲ $17,972
Other Assets Total-$0-
Liabilities
Deferred Revenue$80,417$75,417▼ $5,000
Other Liabilities-$37,254-
Accounts Payable and Accrued Expenses$722$228▼ $494
Total Liabilities$81,139$112,899▲ $31,760
Net Assets / Fund Balance
Permanently Rstr Net Assets$271,281$271,141▼ $140
Unrestricted Net Assets$177,252$204,465▲ $27,213
Temporarily Rstr Net Assets$53,819$12,958▼ $40,861
Total Net Assets Fund Balance$502,352$488,564▼ $13,788
Total Liabilities and Net Assets / Fund Balance$583,491$601,463▲ $17,972

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,091$3,091
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nina NguyenAdmin AssistantPT$4,491$4,491
Sarah BrewerProgram AdministratorFT$4,250$4,250

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$721,437
Program Service Revenue
$2,390
Investment Income
$5,039
Other Revenue
$0
All Other Contributions
$721,437
Change in Net Assets
$-5,130

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies1$495,439RedBook Pharmaceut
Total Noncash Contributions1$495,439-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$591,129
Other Expenses$133,317
Total Fundraising Expense$14,136
Salaries, Compensation, and Employee Benefits$9,550
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$591,129--$591,129
Fees for Services Other$50,034$3,563$11,406$65,003
All Other Expenses$3,842$4,695$2,730$11,267
Current Officers, Directors, Trustees, and Key Employees$2,125$6,616-$8,741
Fees for Services Accounting-$6,225-$6,225
Travel$3,099--$3,099
Other Expenses$8,149$2,845-$2,845
Fees for Services Legal-$1,902-$1,902
Office Expenses-$1,338-$1,338
Insurance-$1,262-$1,262
Payroll Taxes$201$608-$809
Total Functional Expenses$677,362$42,498$14,136$733,996
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Duke UniversityDurham, NC-Medical Research$43,435
Cure GlaucomaDallas, TX-Medical Research$29,547
IposcSan Francisco, CA-Medical Education Mission$10,000
Violet SeesSeattle, WA-Funds for start up of nonprofit org$7,708
Cure GlaucomaDallas, TX-Provide relief patients Nepal$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Funds$37,254
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board of the Foundation has approved a procedure that requires the finance committee of the foundation to review the Form 990 on behalf of the entire board.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

For any new business greater than $3,000, a board conference call is held to determine if there is a conflict of interest.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of key employees is determined by market research and is reviwed and approved by the board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Childrens Eye Foundation
EIN
23-7116400
Phone
8173102641
Address
11800 NE 128th St, Kirkland, WA 98034

Signing Officer

Name
John Baker
Title
Chairman
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
1970
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
2

Preparer

Firm
Sharon L Hehli PLLC
Address
1001 S Sherman Street, Richardson, TX 75081
Preparer
Sharon L Hehli
Phone
2147664299
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 - Statement 1Attached in a PDF to the e-filed return is the Articles of Amendment to Articles of Incorporation on the name change. This was filed with the District of Columbia in 2005. A copy was never sent to the Internal Revenue Service to show the name change. Form 990 has been filed with this name change in previous years. No current name change in 2015.

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Sarah's Fund for Saving SightTo assist families with a child being treated for childhood glaucoma. The Fund obtained 2 iCare tonometers. One is available to be loaned to a child being treated for childhood glaucoma and one was donated to an eye hospital in Nigeria. The program was ended in 2015 and the remaining funds were sent to Duke University. OTHER PROGRAM SERVICES 5: Cure GlaucomaTo raise funds to distribute $5,000 research grants in the area of glaucoma. The program received pharmaceuticals from Allergan which were then donated to the Nepal Earthquake Relief Fund. This program ended in 2015 and all funds were sent to Cure Glaucoma. OTHER PROGRAM SERVICES 6: CEF maintains several other programs to accomplish its mission. These include Eye Care for Kids, See by Three, Little Patriots and the Parks Medal Program. In addition, the foundation is constantly evaluating and exploring new additional programs to develop and fund. OTHER PROGRAM SERVICES 7: Violet Sees FundThe Violet Sees Fund was established in 2015 by Mike and Jen Anderson, whose daughter Violet was born with congenital cataracts. The mission is to eliminate preventable blindness from childhood by helping families connect with programs and services so that all children get the best vision care possible. The goals of this fund are to: provide free or reduced cost glasses to children who need them; support and fund earlier and more robust vision screening programs, and raise awareness of preventable pediatric vision conditions so that many more kids just like Violet have healthy vision for a lifetime. This fund was discontinued at the end of the year and the funds disbursed to a nonprofit in the name of Violet Sees that was set up in 2016.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Program Administrator
IRS990/Form990PartVIISectionAGrp/TitleTxt17Admin Assistant
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IRS990/MissionDesc0The Children's Eye Foundation was established in 1970. Our mission, to eliminate preventable blindness in children, is accomplished through programs that support pediatric ophthalmology research and training, and promote the highest quality eye care for children through public education and service.
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IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Bank Charges
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IRS990/ProgSrvcAccomActy2Grp/Desc0CEF maintains several other programs to accomplish its mission. These include Eye Care for Kids, See by Three, Little Patriots and the Parks Medal Program. In addition, the foundation is constantly evaluating and exploring new additional programs to develop and fund.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt010000
IRS990/ProgSrvcAccomActy3Grp/Desc0Sarah's Fund for Saving SightTo assist families with a child being treated for childhood glaucoma. The Fund obtained 2 iCare tonometers. One is available to be loaned to a child being treated for childhood glaucoma and one was donated to an eye hospital in Nigeria. The program was ended in 2015 and the remaining funds were sent to Duke University.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt043435
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt064277
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0253348
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0173137

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.17$0.01$4.17$0.31$0.40$0.10
2023Detailed filing. Detailed filing data is available for this year.$4.22$0.07$4.15$0.82$0.68$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.62$0.01$2.61$0.66$0.47$0.19
2021Detailed filing. Detailed filing data is available for this year.$2.72$0.05$2.68$1.42$0.95$0.47
2020Detailed filing. Detailed filing data is available for this year.$2.07$0.08$1.99$0.45$0.42$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.06$1.85$1.55$0.40$1.15
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.60$0.30$0.21$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.10$0.14$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.11$0.49$0.73$0.73$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.08$0.50$0.26$0.21$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.50$0.05$0.45$0.19$0.13$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.42$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.51$0.13