Civic Intelligence

Eversight Michigan

990 • Fiscal year 2016 • EIN 27-3107692

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

4889 Venture DriveAnn Arbor, MI 48108

(734) 780-2100

Siviq Scores

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

Liabilities / Assets

86th percentile

0.80x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.56x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

82nd percentile

22%

Higher net margin than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

97th percentile

115%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

382%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,858,302

Up $4,195,448 (+115%) from 2015

Net Assets

Up

$1,571,215

Up $876,654 (+126%) from 2015

Liabilities

Up

$6,287,087

Up $3,318,794 (+112%) from 2015

Revenue

Up

$4,042,802

Up $3,203,180 (+382%) from 2015

Expenses

Up

$3,166,148

Up $2,413,325 (+321%) from 2015

Net Income

Up

$876,654

Up $789,855 (+910%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $925,106Liabilities 2011: $652,907Net Assets 2011: $272,1992011Assets 2012: $1,709,574Liabilities 2012: $1,354,775Net Assets 2012: $354,7992012Assets 2013: $2,700,666Liabilities 2013: $2,249,654Net Assets 2013: $451,0122013Assets 2014: $3,342,742Liabilities 2014: $2,734,980Net Assets 2014: $607,7622014Assets 2015: $3,662,854Liabilities 2015: $2,968,293Net Assets 2015: $694,5612015Assets 2016: $7,858,302Liabilities 2016: $6,287,087Net Assets 2016: $1,571,2152016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$7,858,302
Liabilities$6,287,087
Net Assets$1,571,215

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2011: $639,0782011Expenses 2012: $610,9932012Expenses 2013: $672,9662013Revenue 2014: $875,042Expenses 2014: $718,292Net Income 2014: $156,7502014Revenue 2015: $839,622Expenses 2015: $752,823Net Income 2015: $86,7992015Revenue 2016: $4,042,802Expenses 2016: $3,166,148Net Income 2016: $876,6542016Revenue 2017: $3,393,109Expenses 2017: $3,351,041Net Income 2017: $42,0682017

Highlighted filing

2016

Revenue$4,042,802
Expenses$3,166,148
Net Income$876,654
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 12, 2017
Return Version
2015v3.0
Gross Receipts
$4,058,550
Mission and Program Overview

Mission

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

A.our mission is to restore sight and prevent blindness through the healing power of donation, transplantation and research. We envision a network of community eye banks around the world. 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 and humility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$96,382$96,120▼ $262
Total Assets$3,662,854$7,858,302▲ $4,195,448
Other Assets Total$3,566,472$7,762,182▲ $4,195,710
Liabilities
Other Liabilities$2,968,293$6,287,087▲ $3,318,794
Total Liabilities$2,968,293$6,287,087▲ $3,318,794
Net Assets / Fund Balance
Unrestricted Net Assets$650,364$1,495,552▲ $845,188
Temporarily Rstr Net Assets$44,197$75,663▲ $31,466
Total Net Assets Fund Balance$694,561$1,571,215▲ $876,654
Total Liabilities and Net Assets / Fund Balance$3,662,854$7,858,302▲ $4,195,448

Asset Categories

AssetBook ValueDepreciationBasis
Land$88,172-$88,172
Buildings$7,948$4,277$12,225
Other Assets Org$7,762,182--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$236,451
Program Service Revenue
$3,785,792
Investment Income
$0
Other Revenue
$20,559
All Other Contributions
$234,238
Change in Net Assets
$876,654

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,042,802
Revenue Not Reported on Form 990
$15,748
Total Revenue per Audited Statements
$4,058,550
Total Revenue per Form 990
$4,042,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,166,148
Total Fundraising Expense$96,941
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$1,419,771$143,797$73,016$1,636,584
Occupancy$68,791$8,675$1,436$78,902
Other Expenses$24,547$9,827$1,627$24,547
Office Expenses$21,075$2,657$441$24,173
All Other Expenses$3,741$470$19,261$23,472
Travel$2,626$13,583$205$16,414
Conferences and Meetings$13,862$1,413$724$15,999
Interest$10,849$1,368$226$12,443
Depreciation Depletion$228$29$5$262
Total Functional Expenses$2,883,095$186,112$96,941$3,166,148

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,181,896
Expenses per Audited Statements$3,166,148
Total Expenses per Form 990$3,166,148
Expenses Not Reported on Form 990$15,748
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,307
Fundraising Direct Expenses$15,748
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf of Sight G$30,207$30,207$2,123$28,084
Bowling for Bri$5,313$3,100$97$3,003
Total Events$35,520$33,307$15,748$17,559
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 From Related Party$6,287,087
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

The 990 is reviewed by the ceo, cfo and executive director prior to filing. The 990 is also provided via e-mail to all board members for comments and questions prior to filing. The finance and audit committee verbally reviews the 990 at a michigan board of directors meeting.

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 senior management and handled accordingly.

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 the conflict of interest policy are made available upon request.

Filing and Contact Details

Filer

Filer Name
Eversight Michigan
EIN
27-3107692
Phone
7347802100
Address
4889 VENTURE DRIVE, ANN ARBOR, MI 48108

Signing Officer

Name
Diana Kern
Title
Executive Director
Phone
7348872305
Signed
2017-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Kern
Formed
2010
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
192

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

Eversight michigan has been used for mission trips and for corneal transplants on four continents.

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

Community and professional staff members and volunteers stretch out across the state to promote eye health, sight-saving measures, eye care in clinical settings, and to dispel myths about organ, eye and tissue donation. Since 2003 efforts related to the state's on-line donor registration have raised the number of people in michigan on the donor registry from 26% of the population to 56% of the population.

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

Provided sight for a transplant recipient. Additionally, we assist funeral homes to help families with life-celebration by providing special materials and recognition to honor their loved one's final gift. Eversight michigan provides recipient packets to all individuals receiving a cornea to answer questions and alleviate their fears. We reach out to all recipients of corneal tissue from our nonprofit with eye health information, and we act as the convening partner for donor families and recipients that wish to communicate with each other. Eversight michigan provides volunteer opportunities for recipients and donor families, many of which 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 the state.

Form 990, Part IX, Line 11G

Leased employees 1,419,771 142,571 73,016 other professional services 0 1,226 0

Form 990, Part XI, Line 9

Special event expense 15,748 special event expense -15,748

Financial Statement Notes

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

Special event expense 15,748

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

Special event expense 15,748

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IRS990/MissionDesc0TO RESTORE SIGHT AND PREVENT BLINDNESS THROUGH THE HEALING POWER OF DONATION, TRANSPLANTATION AND RESEARCH.
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IRS990/OtherExpensesGrp/Desc0CLINICAL LAB AND TECH EXP
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DIANA KERN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621990
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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLIC EDUCATION AND PROFESSIONAL OUTREACH: WE EMBRACE THE PHILOSOPHY OF "COMMUNITY EYE BANKING". THUS, EVERSIGHT MICHIGAN PROMOTES POSITIVE ATTITUDES AND EDUCATION ABOUT EYE, ORGAN, TISSUE AND BONE DONATION. WE REACH THOUSANDS OF PEOPLE THROUGH E-NEWSLETTERS, ANNUAL REPORTS, PUBLICATIONS, EVENTS AND PUBLIC SPEAKING. OUR NETWORK OF CULTIVATED AMBASSADORS AND VOLUNTEERS ASSISTS IN THIS WORK. OUR STAFF PROVIDES ONGOING EDUCATION TO THE HEALTH CARE FIELD, HOSPITALS, FUNERAL DIRECTORS, HOSPICE WORKERS, AND MEDICAL EXAMINERS ACROSS MICHIGAN ABOUT DONATION AND THE NEED TO HONOR A DONOR'S GIFT. WE WORK IN TANDEM WITH OTHER NONPROFITS, LIONS CLUBS, AND THE SECRETARY OF STATE'S OFFICE TO EDUCATE THE PUBLIC ABOUT REGISTERING TO BE ORGAN, EYE AND TISSUE DONORS. A TEAM OF COMMUNITY AND PROFESSIONAL STAFF MEMBERS AND VOLUNTEERS STRETCH OUT ACROSS THE STATE TO PROMOTE EYE HEALTH, SIGHT-SAVING MEASURES, EYE CARE IN CLINICAL SETTINGS, AND TO DISPEL MYTHS ABOUT ORGAN, EYE AND TISSUE DONATION. SINCE 2003 EFFORTS RELATED TO THE STATE'S ON-LINE DONOR REGISTRATION HAVE RAISED THE NUMBER OF PEOPLE IN MICHIGAN ON THE DONOR REGISTRY FROM 26% OF THE POPULATION TO 56% OF THE POPULATION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DONOR AND RECIPIENT SUPPORT: WE RESPECT AND UNDERSTAND WHAT DONOR-FAMILIES FACE WHEN ASKED TO UPHOLD THEIR LOVED-ONES WISH TO BE A DONOR. WE ARE ALSO THERE FOR THEM WHEN THEY ARE CALLED UPON TO CONSIDER MAKING THIS DECISION ON BEHALF OF THEIR LOVED ONE. OUTCOME LETTERS ARE SENT TO EACH DONOR FAMILY TO LET THEM KNOW HOW THEIR LOVED ONE'S GIFT WAS UTILIZED. WRAP-AROUND SUPPORT FOR THE GRIEVING PROCESS IS PART OF COMMUNITY EYE BANKING. THEREFORE AS PART OF OUR DONOR PROGRAMMING WE HOLD LIFE AFFIRMING CELEBRATORY EVENTS ANNUALLY TO SUPPORT DONOR FAMILIES AND RECIPIENTS. IN PARTNERSHIP WITH OTHER NONPROFITS WE HELP FAMILIES BUILD PICTURE WALLS AND TO SEW MEMORIAL DONOR QUILTS. WE SUPPORT THEIR ABILITY TO FEEL PROUD. AFTER ALL, THEIR LOVED ONE'S GIFT PROVIDED SIGHT FOR A TRANSPLANT RECIPIENT. ADDITIONALLY, WE ASSIST FUNERAL HOMES TO HELP FAMILIES WITH LIFE-CELEBRATION BY PROVIDING SPECIAL MATERIALS AND RECOGNITION TO HONOR THEIR LOVED ONE'S FINAL GIFT. EVERSIGHT MICHIGAN PROVIDES RECIPIENT PACKETS TO ALL INDIVIDUALS RECEIVING A CORNEA TO ANSWER QUESTIONS AND ALLEVIATE THEIR FEARS. WE REACH OUT TO ALL RECIPIENTS OF CORNEAL TISSUE FROM OUR NONPROFIT WITH EYE HEALTH INFORMATION, AND WE ACT AS THE CONVENING PARTNER FOR DONOR FAMILIES AND RECIPIENTS THAT WISH TO COMMUNICATE WITH EACH OTHER. EVERSIGHT MICHIGAN PROVIDES VOLUNTEER OPPORTUNITIES FOR RECIPIENTS AND DONOR FAMILIES, MANY OF WHICH 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 THE STATE.
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IRS990/RevenueAmt03785792
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 16,971
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSE 15,748
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE 15,748
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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