Civic Intelligence

Eversight

990 • Fiscal year 2022 • EIN 38-2117115

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 07, 2023

3985 Research Park DriveAnn Arbor, MI 48108

(800) 247-7250

Siviq Scores

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

Liabilities / Assets

77th percentile

0.55x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.89x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

48th percentile

5.8%

Higher net margin than 48% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$317,299

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

51st percentile

0.5%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

-9.6%

Faster revenue growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$41,527,985

Up $212,488 (+0.5%) from 2021

Net Assets

Down

$18,751,787

Down $617,670 (-3.2%) from 2021

Liabilities

Up

$22,776,198

Up $830,158 (+3.8%) from 2021

Revenue

Down

$25,488,101

Down $2,706,569 (-9.6%) from 2021

Expenses

Up

$24,016,038

Up $380,412 (+1.6%) from 2021

Net Income

Down

$1,472,063

Down $3,086,981 (-68%) from 2021

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $17,241,265Liabilities 2011: $6,374,288Net Assets 2011: $10,866,9772011Assets 2012: $23,466,915Liabilities 2012: $9,404,926Net Assets 2012: $14,061,9892012Assets 2013: $30,687,918Liabilities 2013: $15,953,184Net Assets 2013: $14,734,7342013Assets 2014: $37,060,830Liabilities 2014: $22,171,812Net Assets 2014: $14,889,0182014Assets 2015: $44,166,181Liabilities 2015: $28,439,923Net Assets 2015: $15,726,2582015Assets 2016: $58,871,446Liabilities 2016: $42,245,356Net Assets 2016: $16,626,0902016Assets 2017: $25,553,796Liabilities 2017: $12,927,699Net Assets 2017: $12,626,0972017Assets 2018: $24,200,521Liabilities 2018: $12,852,055Net Assets 2018: $11,348,4662018Assets 2019: $33,975,355Liabilities 2019: $20,882,096Net Assets 2019: $13,093,2592019Assets 2020: $36,782,737Liabilities 2020: $22,450,700Net Assets 2020: $14,332,0372020Assets 2021: $41,315,497Liabilities 2021: $21,946,040Net Assets 2021: $19,369,4572021Assets 2022: $41,527,985Liabilities 2022: $22,776,198Net Assets 2022: $18,751,7872022Assets 2023: $45,849,022Liabilities 2023: $23,048,867Net Assets 2023: $22,800,1552023Assets 2024: $48,487,446Liabilities 2024: $22,914,001Net Assets 2024: $25,573,4452024

Highlighted filing

2022

Assets$41,527,985
Liabilities$22,776,198
Net Assets$18,751,787

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $14,565,8492011Expenses 2012: $19,099,0152012Expenses 2013: $24,620,5562013Revenue 2014: $23,071,646Expenses 2014: $23,367,522Net Income 2014: -$295,8762014Revenue 2015: $24,501,913Expenses 2015: $23,299,225Net Income 2015: $1,202,6882015Revenue 2016: $18,149,472Expenses 2016: $16,984,688Net Income 2016: $1,164,7842016Revenue 2017: $17,302,734Expenses 2017: $17,881,137Net Income 2017: -$578,4032017Revenue 2018: $22,860,854Expenses 2018: $22,616,869Net Income 2018: $243,9852018Revenue 2019: $22,878,172Expenses 2019: $21,673,490Net Income 2019: $1,204,6822019Revenue 2020: $20,997,119Expenses 2020: $20,473,565Net Income 2020: $523,5542020Revenue 2021: $28,194,670Expenses 2021: $23,635,626Net Income 2021: $4,559,0442021Revenue 2022: $25,488,101Expenses 2022: $24,016,038Net Income 2022: $1,472,0632022Revenue 2023: $30,662,355Expenses 2023: $27,526,933Net Income 2023: $3,135,4222023Revenue 2024: $34,039,876Expenses 2024: $30,603,995Net Income 2024: $3,435,8812024

Highlighted filing

2022

Revenue$25,488,101
Expenses$24,016,038
Net Income$1,472,063
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 7, 2023
Return Version
2022v5.0
Gross Receipts
$30,078,254
Mission and Program Overview

Mission

Eversight's mission is to restore sight and prevent blindness through the healing power of donation, transplantation and research. Blinding eye diseases affect 80 million americans. That means millions of people cannot see their loved ones, drive to work or read the newspaper on a sunday morning. Their vision loss results in an economic impact of 51.4 billion every year in the united states alone. Eversight envisions a world without blindness-a world where all mothers can see their children and all children can grow up to lead independent, productive lives through the gift of sight. To make vision a reality for all, eversight continuously works to expand its reach, connect more effectively with communities in need and provide the gift of sight to everyone.

Eversight is a 501(c)3 nonprofit organization with the mission to restore sight and prevent blindness through the healing power of donation, transplantation and research. The eversight network is responsible for recovering, evaluating and providing human eye tissue for transplantation; advancing research into the causes and cures of blinding eye conditions; promoting donation awareness through public and professional education; and providing humanitarian aid to people around the world in need of corneal transplantation. Founded in 1947, eversight maintains its commitment to excellence as an accredited member of the eye bank association of america (ebaa) and by meeting the highest quality standards set by the u.s. Food and drug administration. The nonprofit operates 24/7/365 in connecticut, illinois, michigan, new jersey, ohio and south korea, and collaborates with surgeons, researchers, academic medical centers and eye banks across the united states and abroad. Eversight works with the

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,769,850$9,147,484▼ $622,366
Land, Buildings, and Equipment, Net$8,148,086$8,105,268▼ $42,818
Savings and Temporary Cash Investments$175,878$5,263,160▲ $5,087,282
Accounts Receivable$2,743,326$2,930,442▲ $187,116
Cash and Non-Interest-Bearing Accounts$7,492,551$2,483,366▼ $5,009,185
Prepaid Expenses and Deferred Charges$111,107$157,170▲ $46,063
Pledges and Grants Receivable$13,500--
Total Assets$41,315,497$41,527,985▲ $212,488
Other Assets Total$12,861,199$13,441,095▲ $579,896
Liabilities
Other Liabilities$12,553,428$13,814,799▲ $1,261,371
Unsecured Notes Loans Payable$7,549,199$7,059,250▼ $489,949
Accounts Payable and Accrued Expenses$1,843,013$1,901,749▲ $58,736
Deferred Revenue$400$400→ $0
Total Liabilities$21,946,040$22,776,198▲ $830,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,018,819$18,606,591▼ $412,228
Net Assets With Donor Restrictions$350,638$145,196▼ $205,442
Total Net Assets Fund Balance$19,369,457$18,751,787▼ $617,670
Total Liabilities and Net Assets / Fund Balance$41,315,497$41,527,985▲ $212,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,969,723$646,966$7,616,689
Other Land Buildings$102,090$5,621,685$5,723,775
Equipment$353,981$1,033,856$1,387,837
Leasehold Improvements$679,474$578,801$1,258,275
Other Assets Org$97,068--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$179,087---$179,087
2021$179,087---$179,087
2020$179,087---$179,087
2019$179,087---$179,087
2018$179,087---$179,087
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diane HollingsworthPresident &FT$254,972$62,327$317,299
Diane HollingsworthPresident & CEO-$254,972$62,327$317,299
Julie CollinsCFOFT$208,830$54,373$263,203
MICHAEL O'KEEFECOOFT$206,161$54,373$260,534
Michael TitusVP ClinicalFT$181,082$54,043$235,125
Michael TitusVP Clinical Services-$181,082$54,043$235,125
Bret HopmanVP MarketingFT$151,755$45,925$197,680
Bret HopmanVP Marketing & Comm.-$151,755$45,925$197,680
Onkar SawantDirector ResearcFT$151,058$29,680$180,738
Onkar SawantDirector Research/innov.-$151,058$29,680$180,738
Catherine MccloryDirector CompliaFT$148,141$30,393$178,534
Catherine MccloryDirector Compliance & Qc-$148,141$30,393$178,534
Indu VadakkepattathData Sci. &FT$144,969$31,255$176,224
Indu VadakkepattathData Sci. & App Mgr.-$144,969$31,255$176,224
Andrea MedranoDirector Human RFT$129,153$24,088$153,241
Andrea MedranoDirector Human Resources-$129,153$24,088$153,241
Diana BudzynskiControllerFT$117,117$34,825$151,942

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Data IntuitionsSoftware Consul2063 LONE WOLF LN, Canton, MI 48188$144,848
Revenue and Support

Revenue Composition

Contributions and Grants
$864,304
Program Service Revenue
$24,444,041
Investment Income
$134,853
Other Revenue
$44,903
All Other Contributions
$680,352
Change in Net Assets
$1,472,063

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
Other Non Cash Contri Table237$63,120Fair Market Value (FMV)
Total Noncash Contributions237$63,120-

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,407,000
Revenue Not Reported on Financial Statements
$81,101
Revenue Not Reported on Form 990
$-1,961,109
Total Revenue per Audited Statements
$23,445,891
Total Revenue per Form 990
$25,488,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,646,438
Other Expenses$11,369,600
Total Fundraising Expense$516,385
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,363,225$2,215,882$258,279$8,837,386
Occupancy$1,029,457$303,244$52,736$1,385,437
Current Officers, Directors, Trustees, and Key Employees$260,534$1,013,318-$1,273,852
Other Employee Benefits$912,690$273,140$37,485$1,223,315
Payroll Taxes$551,833$253,055$21,696$826,584
Pension Plan Contributions$354,571$116,254$14,476$485,301
Insurance$261,621$71,541$11,255$344,417
Fees for Services Other$190,492$125,225-$315,717
All Other Expenses$169,207-$74,514$243,721
Depreciation Depletion$176,371$52,648$9,213$238,232
Office Expenses$163,876$46,371$10,183$220,430
Information Technology$152,867$44,402$7,533$204,802
Travel$111,997$40,409$8,183$160,589
Other Expenses$30,230$94,903$961$126,094
Conferences and Meetings$37,005$48,919$8,112$94,036
Fees for Service Investment Mgmnt Fees-$81,101-$81,101
Fees for Services Accounting-$42,675-$42,675
Fees for Services Legal-$10,306-$10,306
Total Functional Expenses$18,358,717$5,140,936$516,385$24,016,038

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$24,063,561
Total Expenses per Form 990$24,016,038
Expenses per Audited Statements$23,934,937
Expenses Not Reported on Form 990$128,624
Expenses Not Reported on Financial Statements$81,101
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$173,526
Fundraising Direct Expenses$128,623
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$259,528$130,939$34,020$96,919
Night for Sight$68,914$34,457$4,468$29,989
Total Events$357,478$173,526$128,610$44,916
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$13,093,043
Capital Lease Obligation$721,756
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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 and cfo prior to filing. Completed 990 is provided via e-mail to all board members for comments and questions prior to filing.

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

The policy is reviewed during new employee orientation and annually with the entire staff and board of directors. Any potential conflicts of interest are reviewed by senior staff upon discovery.

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

A performance review is conducted by the board hr committee with ceo; merit increase is recommended by the hr committee and approved by the board. The ceo is not part of compensation discussion and ceo does not participate in the selection of board members. The ceo salary is compared to salaries of other ceo's at peer organizations; other eye banks, opos, other nonprofit organizations of similar size. In 2016 the organization engaged the services of an independent consultant to conduct a leadership compensation analysis. Their source of salary information is the 990's issued by peer organizations, michigan nonprofit association salary survey, published budgets, web-based research through foia sources and independent salary survey data.

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

Performance review for officers and key employees is conducted by the employees' immediate manager; merit increases are recommended by the manager and approved by the ceo. Salaries of officers and key employees are compared to salaries of other similar positions at peer organizations; other eye banks, opos, other nonprofit organizations of similar size. A report is provided to the hr committee of the board of directors for their review. In 2016 the organization engaged the services of an independent consultant to conduct a leadership compensation analysis. Their source of salary information is the 990's issued by peer organizations, michigan nonprofit association salary survey, published budgets, web-based research through foia sources and independent salary survey data.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Eversight
EIN
38-2117115
Phone
8002477250
Address
3985 RESEARCH PARK DRIVE, ANN ARBOR, MI 48108

Signing Officer

Name
Diane Hollingsworth
Title
President & CEO
Phone
8002477250
Signed
2023-07-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane Hollingsworth
Formed
1986
Legal Domicile
Mi
Voting Board Members
11
Independent Board Members
11
Employees
188
Volunteers
109

Preparer

Firm
Yeo & Yeo Pc
Address
1450 EISENHOWER PLACE, ANN ARBOR, MI 48108-3283
Preparer
Brian R Dixon
Phone
7347691331
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Eversight's mission is to restore sight and prevent blindness through the healing power of donation, transplantation and research. Blinding eye diseases affect 80 million americans. That means millions of people cannot see their loved ones, drive to work or read the newspaper on a sunday morning. Their vision loss results in an economic impact of 51.4 billion every year in the united states alone. Eversight envisions a world without blindness-a world where all mothers can see their children and all children can grow up to lead independent, productive lives through the gift of sight. To make vision a reality for all, eversight continuously works to expand its reach, connect more effectively with communities in need and provide the gift of sight to everyone.

Form 990, Page 1, Part I, Line 6

Volunteers provide various types of services, including leadership, through our board of directors (national), and our service area advisory boards. We also work with members of the lions club in michigan and throughout our service areas to share information about eversight and eye donation, and to gather intel and facilitate meaningful connections in the local communities we serve. Volunteers help plan events such as our illinois gift of sight charity event, and our michigan-based gift of sight golf classic, and serve as representatives at donor family gatherings and other events.

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

Resoring sight in 2022, eversight celebrated its 75th anniversary. We overcame several unforeseen challenges this year and continued to meet the tissue demands of surgeons in the u.s. And beyond. Globally, we continue to take meaningful steps toward transforming the future of vision care by supporting sustainable eye banking infrastructure and providing priceless clinical education. In 2022, eversight provided the gift of sight to more than 6,500 people across the united states and around the world. Eversight's work began in 1947 with the establishment of the fourth eye bank in the united states, then known as the illinois eye-bank. Over time, nonprofit eye banks were established in every state to meet the critical demand for corneal tissue to treat preventable blindness. In 1985, the illinois eye-bank and michigan eye-bank formed a partnership one that would earn a reputation for clinical excellence made possible by some of the finest medical directors, staff and board members in the eye banking field. The success of the organization attracted affiliations with other regional eye banks forming one of the largest networks of eye banks in the u.s. In 2015, the network became known as eversight, all working together as a unified operation to deliver the highest quality services to surgeons and their patients and to continue to grow our impact around the world. In 2022, eversight faced an unprecedented challenge in the form of a cornea storage media shortage. Cornea storage media is the solution in which corneas are stored between recovery and transplantation. This shortage impacts eversight's ability to store requested tissue. Eversight prioritizes the placement of donated tissue domestically. As such, this storage media shortage impacted our ability to place tissue internationally, for research and for education. To address this challenge, eversight staff collaborated with domestic eye bank partners to share storage media and ensure the proper supply of donated cornea tissues. These partnerships allowed us to meet the need for cornea tissue in the u.s. And abroad. Eversight provided 11,676 tissues for transplantation, research and education globally in 2022. We worked or placed tissue with physicians and researchers in 32 countries and facilitated training for over 550 clinicians. Together with all our partners-advocates, donor families, transplant recipients, surgeons, lions, fellow eye banks, healthcare leaders, philanthropic supporters and many others-we were able to make vision a reality for more people worldwide.

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

Finding a cure in the pursuit of eliminating blinding eye diseases, eversight established the eversight center for vision and eye banking research in cleveland, ohio, to provide leading ophthalmology researchers with the resources they need to find cures and treatments for eye diseases such as age-related macular degeneration, diabetic retinopathy and glaucoma. Eversight provided more than 3,900 tissues for research and education purposes in 2022. Our in-house research team also provided eversight partners with valuable research and development services, and pioneered new eye banking practices. Since the establishment of the center for vision and eye banking research in 2019, eversight has published 20 scientific publications in peer reviewed scientific journals. Notably, in 2022, eversight's research team published three highly significant and impactful research articles. The first focused on understanding the effect of increasing povidone-iodine exposure on corneal tissue and its impact on the growth of microorganisms. This research conducted by eversight developed an innovative protocol for all other eye banks to follow that can improve outcomes for corneal transplant recipients and reduce risk of infection after corneal transplantation. The second study, published in the prestigious and high-impact factor journal, proceedings of the national academy of sciences, discovered the important biological process of visual phototransduction in the retina collected from cadaveric human tissue procured and processed by eversight. This study allowed eversight's research team to gain additional recognition among our peers as a leading research-driven eye bank. This work serves as an example to the ophthalmic research industry that cadaveric ocular tissues play an important role in understanding the physiology and pathology of various ophthalmic diseases and the visual photo- transduction process. The final study revealed histopathological assessment of retinal blood vessel changes in a patient with covid-19, providing a deeper understanding of the impact of covid-19 on the retina. This study was published in the journal, graefe's archive for clinical and experimental ophthalmology. Eversight has a longstanding track record of research and development, having awarding more than 4 million in grants to date that stimulate pioneering clinical and basic science research aiming to develop new ways to restore sight, prevent blindness and ultimately help patients live life to the fullest. Since 1980, our eye & vision research grant program has supported researchers at leading academic medical institutions including harvard, tufts, cleveland clinic, case western reserve, university of michigan, northwestern and more. By design, eversight's grant program provides critical, early-stage funding that is intended to drive foundational research and discovery. Many of these projects have stimulated larger-scale studies and won further financial support from the national institutes of health. In the 2023 funding cycle, eversight awarded grants to advance studies to enhance the overall understanding of the mechanisms underlying delayed epithelial wound healing in diabetic corneas; create safer procedures for successful corneal transplants; elucidate the potency of netrin-4 to induce neuronal growth, elongation and branching; and establish the foundations for future studies to define the roles of polyq proteins in the human eye. These investigations are led by researchers at wayne state university school of medicine, university of michigan kellogg eye center, case western reserve university department of ophthalmology & visual sciences, and university of illinois-chicago college of medicine. Each year, recipients are selected by an independent review panel of academic researchers and ophthalmologists. This distinguished panel awards proposals that encourage meaningful scientific inquisition and align with eversight's mission to restore sight and prevent

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

Sustainable international impact in 2022, eversight provided tissue or worked with surgeons in 32 countries to provide the gift of sight. Eversight is focused on meeting the humanitarian need for cornea tissues in countries where sight-restoring corneal transplant procedures would otherwise be completely unavailable. The beneficiaries of our surgical tissue provision and community eye bank development initiatives include the hundreds of thousands of people who suffer from eye injuries and blinding eye diseases that can be treated through corneal transplantation, along with their families and local communities. According to the world health organization, every dollar spent on improving eye health in underdeveloped areas generates a four-fold return on investment. To address systemic unmet need, eversight actively works with medical professionals, governments, vision health organizations and other ngos in regions lacking eye banks and infrastructure, including the middle east, pakistan and south korea. With proven eye banking and technical training practices-and having played a part in the elimination of the u.s. Cornea transplant waiting list-eversight is uniquely qualified to work with countries lacking transplant programs to help them establish national networks for eye banking and cornea donation with culturally appropriate donation models and state-of-the-art clinical capabilities. Ninety percent of vision-impaired people live in low- and middle- income countries. In 2022, eversight and the department of health - abu dhabi (doh), the regulator of the healthcare sector in the emirate, announced a partnership to establish the first eye and tissue bank in the united arab emirates (uae). The partnership was formalized at the recent international conference for initiatives on organ and tissue donation and transplantation in abu dhabi. Eversight will handle the development and implementation of comprehensive medical standards, quality assurance protocols and standard operating procedures in compliance with all laws and regulations of the uae and in accordance with eye banking best practices. The doh will be responsible for obtaining all necessary approvals for the establishment and operation of the eye and tissue bank, serving as an importer for corneas and other eye- related tissues into the region and working to integrate the eye/tissue banking program with the uae national program for organ donation. This initiative will also strengthen mutual collaboration in activities related to knowledge sharing, human capability building and clinical research. Globally, an estimated 2.2 billion people are impacted by blindness and visual impairment. Approximately one billion of these individuals are coping with blindness or visual impairment that can be characterized as preventable or not sufficiently addressed. Vision loss results in substantial economic impact worldwide due to the inability of people who are vision impaired to contribute to their fullest in their communities. Eversight envisions a world without blindness-a world where all people in every community can lead independent, productive lives through the gift of sight. While providing for immediate global cornea transplant needs with u.s. Donor tissue, eversight continues to address the global burden by empowering international communities to take meaningful, sustainable steps every day to make vision a reality for all.

Form 990, Part XI, Line 9

Special events expenses 128,624 special events expenses -128,624

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The purpose of the gift of hope eye and vision research endowment fund is to provide for annual distributions to support eversight's gift of hope eye and visions research program. The purpose of the gift of sight charitable endowment fund is to provide for annual distributions to support eversight's program which waives tissue processing fees, or reduces the fee for patients who are unable to pay the full amount. The purpose of the community education endowment fund is to provide for annual distributions to support eversight's community education program.

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

Special events expenses 128,624

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

Special events expenses 128,624

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IRS990/ActivityOrMissionDesc0EVERSIGHT IS A 501(C)3 NONPROFIT ORGANIZATION WITH THE MISSION TO RESTORE SIGHT AND PREVENT BLINDNESS THROUGH THE HEALING POWER OF DONATION, TRANSPLANTATION AND RESEARCH. THE EVERSIGHT NETWORK IS RESPONSIBLE FOR RECOVERING, EVALUATING AND PROVIDING HUMAN EYE TISSUE FOR TRANSPLANTATION; ADVANCING RESEARCH INTO THE CAUSES AND CURES OF BLINDING EYE CONDITIONS; PROMOTING DONATION AWARENESS THROUGH PUBLIC AND PROFESSIONAL EDUCATION; AND PROVIDING HUMANITARIAN AID TO PEOPLE AROUND THE WORLD IN NEED OF CORNEAL TRANSPLANTATION. FOUNDED IN 1947, EVERSIGHT MAINTAINS ITS COMMITMENT TO EXCELLENCE AS AN ACCREDITED MEMBER OF THE EYE BANK ASSOCIATION OF AMERICA (EBAA) AND BY MEETING THE HIGHEST QUALITY STANDARDS SET BY THE U.S. FOOD AND DRUG ADMINISTRATION. THE NONPROFIT OPERATES 24/7/365 IN CONNECTICUT, ILLINOIS, MICHIGAN, NEW JERSEY, OHIO AND SOUTH KOREA, AND COLLABORATES WITH SURGEONS, RESEARCHERS, ACADEMIC MEDICAL CENTERS AND EYE BANKS ACROSS THE UNITED STATES AND ABROAD. EVERSIGHT WORKS WITH THE
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IRS990/Desc0RESORING SIGHT IN 2022, EVERSIGHT CELEBRATED ITS 75TH ANNIVERSARY. WE OVERCAME SEVERAL UNFORESEEN CHALLENGES THIS YEAR AND CONTINUED TO MEET THE TISSUE DEMANDS OF SURGEONS IN THE U.S. AND BEYOND. GLOBALLY, WE CONTINUE TO TAKE MEANINGFUL STEPS TOWARD TRANSFORMING THE FUTURE OF VISION CARE BY SUPPORTING SUSTAINABLE EYE BANKING INFRASTRUCTURE AND PROVIDING PRICELESS CLINICAL EDUCATION. IN 2022, EVERSIGHT PROVIDED THE GIFT OF SIGHT TO MORE THAN 6,500 PEOPLE ACROSS THE UNITED STATES AND AROUND THE WORLD. EVERSIGHT'S WORK BEGAN IN 1947 WITH THE ESTABLISHMENT OF THE FOURTH EYE BANK IN THE UNITED STATES, THEN KNOWN AS THE ILLINOIS EYE-BANK. OVER TIME, NONPROFIT EYE BANKS WERE ESTABLISHED IN EVERY STATE TO MEET THE CRITICAL DEMAND FOR CORNEAL TISSUE TO TREAT PREVENTABLE BLINDNESS. IN 1985, THE ILLINOIS EYE-BANK AND MICHIGAN EYE-BANK FORMED A PARTNERSHIP ONE THAT WOULD EARN A REPUTATION FOR CLINICAL EXCELLENCE MADE POSSIBLE BY SOME OF THE FINEST MEDICAL DIRECTORS, STAFF AND BOARD MEMBERS IN THE EYE BANKING FIELD. THE SUCCESS OF THE ORGANIZATION ATTRACTED AFFILIATIONS WITH OTHER REGIONAL EYE BANKS FORMING ONE OF THE LARGEST NETWORKS OF EYE BANKS IN THE U.S. IN 2015, THE NETWORK BECAME KNOWN AS EVERSIGHT, ALL WORKING TOGETHER AS A UNIFIED OPERATION TO DELIVER THE HIGHEST QUALITY SERVICES TO SURGEONS AND THEIR PATIENTS AND TO CONTINUE TO GROW OUR IMPACT AROUND THE WORLD. IN 2022, EVERSIGHT FACED AN UNPRECEDENTED CHALLENGE IN THE FORM OF A CORNEA STORAGE MEDIA SHORTAGE. CORNEA STORAGE MEDIA IS THE SOLUTION IN WHICH CORNEAS ARE STORED BETWEEN RECOVERY AND TRANSPLANTATION. THIS SHORTAGE IMPACTS EVERSIGHT'S ABILITY TO STORE REQUESTED TISSUE. EVERSIGHT PRIORITIZES THE PLACEMENT OF DONATED TISSUE DOMESTICALLY. AS SUCH, THIS STORAGE MEDIA SHORTAGE IMPACTED OUR ABILITY TO PLACE TISSUE INTERNATIONALLY, FOR RESEARCH AND FOR EDUCATION. TO ADDRESS THIS CHALLENGE, EVERSIGHT STAFF COLLABORATED WITH DOMESTIC EYE BANK PARTNERS TO SHARE STORAGE MEDIA AND ENSURE THE PROPER SUPPLY OF DONATED CORNEA TISSUES. THESE PARTNERSHIPS ALLOWED US TO MEET THE NEED FOR CORNEA TISSUE IN THE U.S. AND ABROAD. EVERSIGHT PROVIDED 11,676 TISSUES FOR TRANSPLANTATION, RESEARCH AND EDUCATION GLOBALLY IN 2022. WE WORKED OR PLACED TISSUE WITH PHYSICIANS AND RESEARCHERS IN 32 COUNTRIES AND FACILITATED TRAINING FOR OVER 550 CLINICIANS. TOGETHER WITH ALL OUR PARTNERS-ADVOCATES, DONOR FAMILIES, TRANSPLANT RECIPIENTS, SURGEONS, LIONS, FELLOW EYE BANKS, HEALTHCARE LEADERS, PHILANTHROPIC SUPPORTERS AND MANY OTHERS-WE WERE ABLE TO MAKE VISION A REALITY FOR MORE PEOPLE WORLDWIDE.
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IRS990/MissionDesc0EVERSIGHT'S MISSION IS TO RESTORE SIGHT AND PREVENT BLINDNESS THROUGH THE HEALING POWER OF DONATION, TRANSPLANTATION AND RESEARCH. BLINDING EYE DISEASES AFFECT 80 MILLION AMERICANS. THAT MEANS MILLIONS OF PEOPLE CANNOT SEE THEIR LOVED ONES, DRIVE TO WORK OR READ THE NEWSPAPER ON A SUNDAY MORNING. THEIR VISION LOSS RESULTS IN AN ECONOMIC IMPACT OF 51.4 BILLION EVERY YEAR IN THE UNITED STATES ALONE. EVERSIGHT ENVISIONS A WORLD WITHOUT BLINDNESS-A WORLD WHERE ALL MOTHERS CAN SEE THEIR CHILDREN AND ALL CHILDREN CAN GROW UP TO LEAD INDEPENDENT, PRODUCTIVE LIVES THROUGH THE GIFT OF SIGHT. TO MAKE VISION A REALITY FOR ALL, EVERSIGHT CONTINUOUSLY WORKS TO EXPAND ITS REACH, CONNECT MORE EFFECTIVELY WITH COMMUNITIES IN NEED AND PROVIDE THE GIFT OF SIGHT TO EVERYONE.
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IRS990/OtherExpensesGrp/FundraisingAmt1961
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IRS990/OtherExpensesGrp/ProgramServicesAmt2174578
IRS990/OtherExpensesGrp/ProgramServicesAmt330230
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IRS990/PensionPlanContributionsGrp/TotalAmt0485301
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IRS990/PrincipalOfficerNm0DIANE HOLLINGSWORTH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0621500
IRS990/ProgramServiceRevenueGrp/BusinessCd1621500
IRS990/ProgramServiceRevenueGrp/BusinessCd2621500
IRS990/ProgramServiceRevenueGrp/Desc0EYE TISSUE FEES
IRS990/ProgramServiceRevenueGrp/Desc1INTERCOMPANY CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11976155
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt266183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022401703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11976155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt266183
IRS990/ProgSrvcAccomActy2Grp/Desc0FINDING A CURE IN THE PURSUIT OF ELIMINATING BLINDING EYE DISEASES, EVERSIGHT ESTABLISHED THE EVERSIGHT CENTER FOR VISION AND EYE BANKING RESEARCH IN CLEVELAND, OHIO, TO PROVIDE LEADING OPHTHALMOLOGY RESEARCHERS WITH THE RESOURCES THEY NEED TO FIND CURES AND TREATMENTS FOR EYE DISEASES SUCH AS AGE-RELATED MACULAR DEGENERATION, DIABETIC RETINOPATHY AND GLAUCOMA. EVERSIGHT PROVIDED MORE THAN 3,900 TISSUES FOR RESEARCH AND EDUCATION PURPOSES IN 2022. OUR IN-HOUSE RESEARCH TEAM ALSO PROVIDED EVERSIGHT PARTNERS WITH VALUABLE RESEARCH AND DEVELOPMENT SERVICES, AND PIONEERED NEW EYE BANKING PRACTICES. SINCE THE ESTABLISHMENT OF THE CENTER FOR VISION AND EYE BANKING RESEARCH IN 2019, EVERSIGHT HAS PUBLISHED 20 SCIENTIFIC PUBLICATIONS IN PEER REVIEWED SCIENTIFIC JOURNALS. NOTABLY, IN 2022, EVERSIGHT'S RESEARCH TEAM PUBLISHED THREE HIGHLY SIGNIFICANT AND IMPACTFUL RESEARCH ARTICLES. THE FIRST FOCUSED ON UNDERSTANDING THE EFFECT OF INCREASING POVIDONE-IODINE EXPOSURE ON CORNEAL TISSUE AND ITS IMPACT ON THE GROWTH OF MICROORGANISMS. THIS RESEARCH CONDUCTED BY EVERSIGHT DEVELOPED AN INNOVATIVE PROTOCOL FOR ALL OTHER EYE BANKS TO FOLLOW THAT CAN IMPROVE OUTCOMES FOR CORNEAL TRANSPLANT RECIPIENTS AND REDUCE RISK OF INFECTION AFTER CORNEAL TRANSPLANTATION. THE SECOND STUDY, PUBLISHED IN THE PRESTIGIOUS AND HIGH-IMPACT FACTOR JOURNAL, PROCEEDINGS OF THE NATIONAL ACADEMY OF SCIENCES, DISCOVERED THE IMPORTANT BIOLOGICAL PROCESS OF VISUAL PHOTOTRANSDUCTION IN THE RETINA COLLECTED FROM CADAVERIC HUMAN TISSUE PROCURED AND PROCESSED BY EVERSIGHT. THIS STUDY ALLOWED EVERSIGHT'S RESEARCH TEAM TO GAIN ADDITIONAL RECOGNITION AMONG OUR PEERS AS A LEADING RESEARCH-DRIVEN EYE BANK. THIS WORK SERVES AS AN EXAMPLE TO THE OPHTHALMIC RESEARCH INDUSTRY THAT CADAVERIC OCULAR TISSUES PLAY AN IMPORTANT ROLE IN UNDERSTANDING THE PHYSIOLOGY AND PATHOLOGY OF VARIOUS OPHTHALMIC DISEASES AND THE VISUAL PHOTO- TRANSDUCTION PROCESS. THE FINAL STUDY REVEALED HISTOPATHOLOGICAL ASSESSMENT OF RETINAL BLOOD VESSEL CHANGES IN A PATIENT WITH COVID-19, PROVIDING A DEEPER UNDERSTANDING OF THE IMPACT OF COVID-19 ON THE RETINA. THIS STUDY WAS PUBLISHED IN THE JOURNAL, GRAEFE'S ARCHIVE FOR CLINICAL AND EXPERIMENTAL OPHTHALMOLOGY. EVERSIGHT HAS A LONGSTANDING TRACK RECORD OF RESEARCH AND DEVELOPMENT, HAVING AWARDING MORE THAN 4 MILLION IN GRANTS TO DATE THAT STIMULATE PIONEERING CLINICAL AND BASIC SCIENCE RESEARCH AIMING TO DEVELOP NEW WAYS TO RESTORE SIGHT, PREVENT BLINDNESS AND ULTIMATELY HELP PATIENTS LIVE LIFE TO THE FULLEST. SINCE 1980, OUR EYE & VISION RESEARCH GRANT PROGRAM HAS SUPPORTED RESEARCHERS AT LEADING ACADEMIC MEDICAL INSTITUTIONS INCLUDING HARVARD, TUFTS, CLEVELAND CLINIC, CASE WESTERN RESERVE, UNIVERSITY OF MICHIGAN, NORTHWESTERN AND MORE. BY DESIGN, EVERSIGHT'S GRANT PROGRAM PROVIDES CRITICAL, EARLY-STAGE FUNDING THAT IS INTENDED TO DRIVE FOUNDATIONAL RESEARCH AND DISCOVERY. MANY OF THESE PROJECTS HAVE STIMULATED LARGER-SCALE STUDIES AND WON FURTHER FINANCIAL SUPPORT FROM THE NATIONAL INSTITUTES OF HEALTH. IN THE 2023 FUNDING CYCLE, EVERSIGHT AWARDED GRANTS TO ADVANCE STUDIES TO ENHANCE THE OVERALL UNDERSTANDING OF THE MECHANISMS UNDERLYING DELAYED EPITHELIAL WOUND HEALING IN DIABETIC CORNEAS; CREATE SAFER PROCEDURES FOR SUCCESSFUL CORNEAL TRANSPLANTS; ELUCIDATE THE POTENCY OF NETRIN-4 TO INDUCE NEURONAL GROWTH, ELONGATION AND BRANCHING; AND ESTABLISH THE FOUNDATIONS FOR FUTURE STUDIES TO DEFINE THE ROLES OF POLYQ PROTEINS IN THE HUMAN EYE. THESE INVESTIGATIONS ARE LED BY RESEARCHERS AT WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE, UNIVERSITY OF MICHIGAN KELLOGG EYE CENTER, CASE WESTERN RESERVE UNIVERSITY DEPARTMENT OF OPHTHALMOLOGY & VISUAL SCIENCES, AND UNIVERSITY OF ILLINOIS-CHICAGO COLLEGE OF MEDICINE. EACH YEAR, RECIPIENTS ARE SELECTED BY AN INDEPENDENT REVIEW PANEL OF ACADEMIC RESEARCHERS AND OPHTHALMOLOGISTS. THIS DISTINGUISHED PANEL AWARDS PROPOSALS THAT ENCOURAGE MEANINGFUL SCIENTIFIC INQUISITION AND ALIGN WITH EVERSIGHT'S MISSION TO RESTORE SIGHT AND PREVENT
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0161164
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt034000
IRS990/ProgSrvcAccomActy3Grp/Desc0SUSTAINABLE INTERNATIONAL IMPACT IN 2022, EVERSIGHT PROVIDED TISSUE OR WORKED WITH SURGEONS IN 32 COUNTRIES TO PROVIDE THE GIFT OF SIGHT. EVERSIGHT IS FOCUSED ON MEETING THE HUMANITARIAN NEED FOR CORNEA TISSUES IN COUNTRIES WHERE SIGHT-RESTORING CORNEAL TRANSPLANT PROCEDURES WOULD OTHERWISE BE COMPLETELY UNAVAILABLE. THE BENEFICIARIES OF OUR SURGICAL TISSUE PROVISION AND COMMUNITY EYE BANK DEVELOPMENT INITIATIVES INCLUDE THE HUNDREDS OF THOUSANDS OF PEOPLE WHO SUFFER FROM EYE INJURIES AND BLINDING EYE DISEASES THAT CAN BE TREATED THROUGH CORNEAL TRANSPLANTATION, ALONG WITH THEIR FAMILIES AND LOCAL COMMUNITIES. ACCORDING TO THE WORLD HEALTH ORGANIZATION, EVERY DOLLAR SPENT ON IMPROVING EYE HEALTH IN UNDERDEVELOPED AREAS GENERATES A FOUR-FOLD RETURN ON INVESTMENT. TO ADDRESS SYSTEMIC UNMET NEED, EVERSIGHT ACTIVELY WORKS WITH MEDICAL PROFESSIONALS, GOVERNMENTS, VISION HEALTH ORGANIZATIONS AND OTHER NGOS IN REGIONS LACKING EYE BANKS AND INFRASTRUCTURE, INCLUDING THE MIDDLE EAST, PAKISTAN AND SOUTH KOREA. WITH PROVEN EYE BANKING AND TECHNICAL TRAINING PRACTICES-AND HAVING PLAYED A PART IN THE ELIMINATION OF THE U.S. CORNEA TRANSPLANT WAITING LIST-EVERSIGHT IS UNIQUELY QUALIFIED TO WORK WITH COUNTRIES LACKING TRANSPLANT PROGRAMS TO HELP THEM ESTABLISH NATIONAL NETWORKS FOR EYE BANKING AND CORNEA DONATION WITH CULTURALLY APPROPRIATE DONATION MODELS AND STATE-OF-THE-ART CLINICAL CAPABILITIES. NINETY PERCENT OF VISION-IMPAIRED PEOPLE LIVE IN LOW- AND MIDDLE- INCOME COUNTRIES. IN 2022, EVERSIGHT AND THE DEPARTMENT OF HEALTH - ABU DHABI (DOH), THE REGULATOR OF THE HEALTHCARE SECTOR IN THE EMIRATE, ANNOUNCED A PARTNERSHIP TO ESTABLISH THE FIRST EYE AND TISSUE BANK IN THE UNITED ARAB EMIRATES (UAE). THE PARTNERSHIP WAS FORMALIZED AT THE RECENT INTERNATIONAL CONFERENCE FOR INITIATIVES ON ORGAN AND TISSUE DONATION AND TRANSPLANTATION IN ABU DHABI. EVERSIGHT WILL HANDLE THE DEVELOPMENT AND IMPLEMENTATION OF COMPREHENSIVE MEDICAL STANDARDS, QUALITY ASSURANCE PROTOCOLS AND STANDARD OPERATING PROCEDURES IN COMPLIANCE WITH ALL LAWS AND REGULATIONS OF THE UAE AND IN ACCORDANCE WITH EYE BANKING BEST PRACTICES. THE DOH WILL BE RESPONSIBLE FOR OBTAINING ALL NECESSARY APPROVALS FOR THE ESTABLISHMENT AND OPERATION OF THE EYE AND TISSUE BANK, SERVING AS AN IMPORTER FOR CORNEAS AND OTHER EYE- RELATED TISSUES INTO THE REGION AND WORKING TO INTEGRATE THE EYE/TISSUE BANKING PROGRAM WITH THE UAE NATIONAL PROGRAM FOR ORGAN DONATION. THIS INITIATIVE WILL ALSO STRENGTHEN MUTUAL COLLABORATION IN ACTIVITIES RELATED TO KNOWLEDGE SHARING, HUMAN CAPABILITY BUILDING AND CLINICAL RESEARCH. GLOBALLY, AN ESTIMATED 2.2 BILLION PEOPLE ARE IMPACTED BY BLINDNESS AND VISUAL IMPAIRMENT. APPROXIMATELY ONE BILLION OF THESE INDIVIDUALS ARE COPING WITH BLINDNESS OR VISUAL IMPAIRMENT THAT CAN BE CHARACTERIZED AS PREVENTABLE OR NOT SUFFICIENTLY ADDRESSED. VISION LOSS RESULTS IN SUBSTANTIAL ECONOMIC IMPACT WORLDWIDE DUE TO THE INABILITY OF PEOPLE WHO ARE VISION IMPAIRED TO CONTRIBUTE TO THEIR FULLEST IN THEIR COMMUNITIES. EVERSIGHT ENVISIONS A WORLD WITHOUT BLINDNESS-A WORLD WHERE ALL PEOPLE IN EVERY COMMUNITY CAN LEAD INDEPENDENT, PRODUCTIVE LIVES THROUGH THE GIFT OF SIGHT. WHILE PROVIDING FOR IMMEDIATE GLOBAL CORNEA TRANSPLANT NEEDS WITH U.S. DONOR TISSUE, EVERSIGHT CONTINUES TO ADDRESS THE GLOBAL BURDEN BY EMPOWERING INTERNATIONAL COMMUNITIES TO TAKE MEANINGFUL, SUSTAINABLE STEPS EVERY DAY TO MAKE VISION A REALITY FOR ALL.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt041717
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03627186
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0575205
IRS990/PYOtherExpensesAmt011352744

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.5$22.9$25.6$34.0$30.6$3.44
2023Summary only. Only limited summary data is available for this year.$45.8$23.0$22.8$30.7$27.5$3.14
2022Detailed filing. Detailed filing data is available for this year.$41.5$22.8$18.8$25.5$24.0$1.47
2021Summary only. Only limited summary data is available for this year.$41.3$21.9$19.4$28.2$23.6$4.56
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$22.5$14.3$21.0$20.5$0.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.0$20.9$13.1$22.9$21.7$1.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$12.9$11.3$22.9$22.6$0.24
2017Summary only. Only limited summary data is available for this year.$25.6$12.9$12.6$17.3$17.9$0.58
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.9$42.2$16.6$18.1$17.0$1.16
2015Summary only. Only limited summary data is available for this year.$44.2$28.4$15.7$24.5$23.3$1.20
2014Detailed filing. Detailed filing data is available for this year.$37.1$22.2$14.9$23.1$23.4$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$16.0$14.7$24.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$9.40$14.1$19.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$6.37$10.9$14.6