Civic Intelligence

Eversight Illinois

990 • Fiscal year 2016 • EIN 27-3107617

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 12, 2017

547 West Jackson Blvd Ste 600Chicago, IL 60661

(312) 706-6750

Siviq Scores

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

Liabilities / Assets

90th percentile

0.92x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

2.56x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

67th percentile

7.9%

Higher net margin than 67% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$200,344

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

95th percentile

59%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

226%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$10,944,389

Up $4,054,071 (+59%) from 2015

Net Assets

Up

$917,834

Up $310,651 (+51%) from 2015

Liabilities

Up

$10,026,555

Up $3,743,420 (+60%) from 2015

Revenue

Up

$3,921,118

Up $2,719,902 (+226%) from 2015

Expenses

Up

$3,610,467

Up $2,503,387 (+226%) from 2015

Net Income

Up

$310,651

Up $216,515 (+230%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $1,291,713Liabilities 2011: $1,061,957Net Assets 2011: $229,7562011Assets 2012: $2,590,908Liabilities 2012: $2,248,682Net Assets 2012: $342,2262012Assets 2013: $4,201,201Liabilities 2013: $3,808,302Net Assets 2013: $392,8992013Assets 2014: $5,289,177Liabilities 2014: $4,776,130Net Assets 2014: $513,0472014Assets 2015: $6,890,318Liabilities 2015: $6,283,135Net Assets 2015: $607,1832015Assets 2016: $10,944,389Liabilities 2016: $10,026,555Net Assets 2016: $917,8342016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$10,944,389
Liabilities$10,026,555
Net Assets$917,834

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $911,8552011Expenses 2012: $1,009,8272012Expenses 2013: $1,049,0412013Revenue 2014: $1,148,092Expenses 2014: $1,027,944Net Income 2014: $120,1482014Revenue 2015: $1,201,216Expenses 2015: $1,107,080Net Income 2015: $94,1362015Revenue 2016: $3,921,118Expenses 2016: $3,610,467Net Income 2016: $310,6512016Revenue 2017: $3,345,663Expenses 2017: $3,759,937Net Income 2017: -$414,2742017

Highlighted filing

2016

Revenue$3,921,118
Expenses$3,610,467
Net Income$310,651
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 12, 2017
Return Version
2015v3.0
Gross Receipts
$4,028,857
Mission and Program Overview

Mission

To restore sight and prevent blindness through the healing power of donation, transplantation and research.

Our mission is to restore sight and prevent blindness through the healing power of donation, transplantation and research. As a charitable organization, we believe in collaboration, integrity, leadership, performance, respect and transparency. We honor an individual's wish to donate eye tissue by professionally recovering, processing, shipping and following up on their gift, ensuring its purpose with care, respect and humility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$707,767$573,863▼ $133,904
Total Assets$6,890,318$10,944,389▲ $4,054,071
Other Assets Total$6,182,551$10,370,526▲ $4,187,975
Liabilities
Other Liabilities$6,235,906$9,979,291▲ $3,743,385
Deferred Revenue$47,229$47,264▲ $35
Total Liabilities$6,283,135$10,026,555▲ $3,743,420
Net Assets / Fund Balance
Unrestricted Net Assets$491,221$692,741▲ $201,520
Temporarily Rstr Net Assets$115,962$225,093▲ $109,131
Total Net Assets Fund Balance$607,183$917,834▲ $310,651
Total Liabilities and Net Assets / Fund Balance$6,890,318$10,944,389▲ $4,054,071

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$460,517$802,731$1,263,248
Other Land Buildings$91,631$104,415$196,046
Equipment$21,715$22,970$44,685
Other Assets Org$25,532--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Diane HollingsworthExecutive DiFT$126,253$126,253
Revenue and Support

Revenue Composition

Contributions and Grants
$334,402
Program Service Revenue
$3,593,583
Investment Income
$0
Other Revenue
$-6,867
All Other Contributions
$201,836
Change in Net Assets
$310,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,921,118
Revenue Not Reported on Form 990
$107,739
Total Revenue per Audited Statements
$4,028,857
Total Revenue per Form 990
$3,921,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,610,467
Total Fundraising Expense$55,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,713,567$101,078$32,883$1,847,528
Occupancy$241,698$23,367$3,189$268,254
Depreciation Depletion$139,163$13,454$1,836$154,453
Office Expenses$23,604$2,282$311$26,197
Other Expenses$25,412$2,307$315$25,412
Travel$14,748$3,661$412$18,821
All Other Expenses$891$125$16,303$17,319
Conferences and Meetings$12,428$221$92$12,741
Total Functional Expenses$3,404,338$150,788$55,341$3,610,467

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,718,206
Expenses per Audited Statements$3,610,467
Total Expenses per Form 990$3,610,467
Expenses Not Reported on Form 990$107,739
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$107,739
Fundraising Gross Income$83,372
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gift of Sight G$155,207$64,902$25,583$39,319
Night for Sight$49,776$13,955$5,843$8,112
Total Events$215,938$83,372$107,739$-24,367
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable to Related Entity$9,979,291
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

990 is reviewed by the ceo and cfo prior to filling. 990 is also provided via e-mail to all board members for comments and questions prior to filing.

Form 990, Page 6, Part VI, Line 12C

Policy is reviewed during new employee orientation and annually with entire staff and board of directors. Potential conflicts of interest are reviewed by sr. Staff upon discovery.

Form 990, Page 6, Part VI, Line 15A

All staff are leased from eversight, the eye bank uses the same process to set salaries for top officials. A performance review is conducted by the board hr committee; merit increase is recommended by the hr committee and approved by the board. The executive director is not part of compensation discussion. The executive director's salary is compared to salaries of other executive director's at peer organizations; other eye banks, opos, other nonprofit organizations of similar size.

Form 990, Page 6, Part VI, Line 19

Governing documents, financial statements, and conflict of interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
Eversight Illinois
EIN
27-3107617
Phone
3127066750
Address
547 WEST JACKSON BLVD STE 600, CHICAGO, IL 60661

Signing Officer

Name
Diane Hollingsworth
Title
Executive Director
Phone
8778295500
Signed
2017-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Hollingsworth
Formed
2010
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
161

Preparer

Firm
Yeo & Yeo Pc
Address
PO BOX 3275, SAGINAW, MI 48605
Preparer
Brian R Dixon
Phone
9897939830
Supplemental Narrative

Additional Explanations

Form 990

Reportable compensation from related organizations is compensation paid to eversight under an employee leasing arrangement and not direct compensation to an officer. All staff are paid employees of eversight.

Form 990, Page 2, Part III, Line 4A

Humanitarian aid to other countries where human eye tissue recovery and processing is not yet supported. Ocular tissue from eversight illinois has been used for mission trips and for corneal transplants on four continents.

Form 990, Page 2, Part III, Line 4B

Eye, organ and tissue donors. Eversight illinois' team of community and professional staff members and volunteers work consistently throughout the year to promote eye health, sight-saving measures, eye care in clinical settings, and to dispel myths about eye, organ and tissue donation. In 2016, illinois' donation community hit a remarkable milestone of more than 6,000,000 registered donors. Eversight illinois is proud to have contributed to this achievement, and is thrilled that 58% of the state's adult population has said 'yes' to donation.

Form 990, Page 2, Part III, Line 4C

Initiatives. Eversight illinois provides recipient packets to all individuals receiving a cornea transplant to answer common questions and alleviate their fears. We reach out to all recipients of corneal tissue with eye health information, and we act as the convening partner for donor families and recipients that wish to communicate with each other. In fact, in 2015 our correspondence program connected more than 160 donor families and recipients. Eversight illinois also provides volunteer and speaking opportunities for recipients and donor families, many of whom find this work to be therapeutic. They embrace it as a way to honor the relationship and growing community of donor families and recipients in illinois.

Form 990, Part IX, Line 11G

Other professional fees 2,000 0 0 leased employees 1,711,567 101,078 32,883

Form 990, Part XI, Line 9

Special event expenses 107,739 special event expenses -107,739

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Special event expenses 107,739

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 107,739

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