Civic Intelligence

Children'S Eye Foundation the Foundation

990 • Fiscal year 2017 • EIN 23-7116400

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

11800 NE 128th StKirkland, WA 98034

(206) 227-2214

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

82nd percentile

27%

Faster asset growth than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

96th percentile

193%

Faster revenue growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$603,037

Up $127,295 (+27%) from 2016

Net Assets

Up

$596,929

Up $121,225 (+25%) from 2016

Liabilities

Up

$6,108

Up $6,070 (+15974%) from 2016

Revenue

Up

$301,360

Up $198,671 (+193%) from 2016

Expenses

Up

$210,659

Up $67,836 (+47%) from 2016

Net Income

Up

$90,701

Up $130,835 (+326%) from 2016

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

2017

Assets$603,037
Liabilities$6,108
Net Assets$596,929

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

2017

Revenue$301,360
Expenses$210,659
Net Income$90,701
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$409,128
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.

Our mission is to help children to see well and have good vision for life. CEF supports research, physician and patient education, and public awareness so every child can See More for life. No child should have their sight impaired when early detection and treatment makes vision loss preventable. That is why we work hand in hand with the American Association for Pediatric Ophthalmology and Strabismus (AAPOS). With over 1,600 pediatric ophthalmologists, AAPOS is dedicated to ensuring the highest quality medical and surgical eye care worldwide for children and for adults with strabismus.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$317,483$416,322▲ $98,839
Cash and Non-Interest-Bearing Accounts$140,285$112,427▼ $27,858
Savings and Temporary Cash Investments$23,575$74,288▲ $50,713
Accounts Receivable-$0-
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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$481,343$603,037▲ $121,694
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$15,327$3,246▼ $12,081
Other Liabilities-$2,862-
Total Liabilities$15,327$6,108▼ $9,219
Net Assets / Fund Balance
Unrestricted Net Assets$453,058$591,651▲ $138,593
Temporarily Rstr Net Assets$12,958$5,278▼ $7,680
Total Net Assets Fund Balance$466,016$596,929▲ $130,913
Total Liabilities and Net Assets / Fund Balance$481,343$603,037▲ $121,694

Asset Categories

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

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$292,020
Program Service Revenue
$0
Investment Income
$9,340
Other Revenue
$0
All Other Contributions
$292,020
Change in Net Assets
$90,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,659
Total Fundraising Expense$44,721
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$87,589$20,499$16,572$124,660
Travel$7,500$9,724-$17,224
All Other Expenses$3,461$1,513$369$5,343
Advertising$957-$4,232$5,189
Grants to Domestic Orgs$5,000--$5,000
Other Expenses$180$4,638$6,260$4,638
Fees for Services Legal-$1,756-$1,756
Insurance-$1,716-$1,716
Office Expenses-$880-$880
Fees for Services Accounting-$850-$850
Interest-$230-$230
Total Functional Expenses$123,920$42,018$44,721$210,659
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
Fund Deposits$1,503
Credit Card Payable$1,359
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
2062272214
Address
11800 NE 128th St, Kirkland, WA 98034

Signing Officer

Name
Ed Wilson
Title
Current Chairman
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Wilson
Formed
1970
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
0

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 - Explanation of Change in Beginning Balance SheetAn audit was finalized on the December 31, 2016 tax year after the 990 was filed. A change was made to the following items on the beginning balance sheet:1. Cash increased by $5,6012. Accounts payable increased by $15,2893. Unrestricted net assets was increased by $248,8424. Temporarily restriced net assets was increased by $12,6115. Permanently restriced net assets was decreased by $271,141.Net Assets at the beginning of the year was $481,343 and not $475,704 as shown on previously filed Form 990 for 2016.

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

OTHER PROGRAM SERVICES 4: Pediatric Ophthalmology and Strabismus Hall of FameThe PO&S Hall of Fame is an educational exhibit that recognizes distinguished achievements in order to honor service and preserve stories, as well as to educate and inspire the next generation. In biographical sketches and portraits on display in this traveling and online exhibit, visitors get a glimpse of the legacies of extraordinary people who devoted their lives to improving vision care for children, so that children could have a life with good sight. CEF staff facilitate collection of award nominations, and collects biographies and photos of Hall of Fame exhibit and awards program. We work with the HOF committee to edit biographies to ensure consistency and quality. We manage vendor relationship to produce the video, traveling panels and update the online exhibit on time and in budget. We manage vendor payments and relationships with professional production companies. OTHER PROGRAM SERVICES 5: CEF AwardsParks Medal, Champions for Vision and Costenbader LectureshipCEF celebrates the achievements of these prestigious award honorees at an annual Parks Medalist Gala, held during the AAPOS meeting. Ticket sales are being planned to be integrated as part of AAPOS meeting registration. Event details are managed by CEF staff, and an Event Committee is charged with generating enthusiasm and buzz about this fun event, collecting sponsorships and silent auction items, and promoting ticket sales to achieve our goal of selling at least 400 tickets to the 2019 Gala. This event also includes a Silent Auction. Event planning details managed by CEF staff include oversight of venue and entertainment contracts, ticketing, communication and promotion, silent auction and event logistics, post-event analysis and reporting. CEF staff assist with event coordination and venue selection.

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IRS990/MissionDesc0Our mission is to help children to see well and have good vision for life. CEF supports research, physician and patient education, and public awareness so every child can See More for life. No child should have their sight impaired when early detection and treatment makes vision loss preventable. That is why we work hand in hand with the American Association for Pediatric Ophthalmology and Strabismus (AAPOS). With over 1,600 pediatric ophthalmologists, AAPOS is dedicated to ensuring the highest quality medical and surgical eye care worldwide for children and for adults with strabismus.
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IRS990/PrincipalOfficerNm0Ed Wilson
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IRS990/ProgSrvcAccomActy2Grp/Desc0CEF AwardsParks Medal, Champions for Vision and Costenbader LectureshipCEF celebrates the achievements of these prestigious award honorees at an annual Parks Medalist Gala, held during the AAPOS meeting. Ticket sales are being planned to be integrated as part of AAPOS meeting registration. Event details are managed by CEF staff, and an Event Committee is charged with generating enthusiasm and buzz about this fun event, collecting sponsorships and silent auction items, and promoting ticket sales to achieve our goal of selling at least 400 tickets to the 2019 Gala. This event also includes a Silent Auction. Event planning details managed by CEF staff include oversight of venue and entertainment contracts, ticketing, communication and promotion, silent auction and event logistics, post-event analysis and reporting. CEF staff assist with event coordination and venue selection.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Pediatric Ophthalmology and Strabismus Hall of FameThe PO&S Hall of Fame is an educational exhibit that recognizes distinguished achievements in order to honor service and preserve stories, as well as to educate and inspire the next generation. In biographical sketches and portraits on display in this traveling and online exhibit, visitors get a glimpse of the legacies of extraordinary people who devoted their lives to improving vision care for children, so that children could have a life with good sight. CEF staff facilitate collection of award nominations, and collects biographies and photos of Hall of Fame exhibit and awards program. We work with the HOF committee to edit biographies to ensure consistency and quality. We manage vendor relationship to produce the video, traveling panels and update the online exhibit on time and in budget. We manage vendor payments and relationships with professional production companies.
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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