Civic Intelligence

Aravind Eye Foundation

990 • Fiscal year 2014 • EIN 38-3532410

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 27, 2015

Organization ProfileWWW.ARAVINDEYEFOUNDATION.ORG
247 Third Avenue No 202New York, NY 10010-7454

(212) 475-3791

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Net Margin

90th percentile

37%

Higher net margin than 90% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$32,000

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2014 filings • NTEE E • $1M-$5M nonprofits • Source year 2014

Asset Growth

87th percentile

28%

Faster asset growth than 87% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

25th percentile

-8.4%

Faster revenue growth than 25% of similar nonprofits.

2014 filings • NTEE E • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$2,708,470

Up $589,748 (+28%) from 2013

Net Assets

Up

$2,700,870

Up $589,348 (+28%) from 2013

Liabilities

Up

$7,600

Up $400 (+5.6%) from 2013

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin90th percentile

Revenue

Down

$1,609,257

Down $147,060 (-8.4%) from 2013

Expenses

Up

$1,010,297

Up $730,981 (+262%) from 2013

Net Income

Down

$598,960

Down $878,041 (-59%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2008: $567,728Liabilities 2008: $0Net Assets 2008: $567,7282008Assets 2010: $744,171Liabilities 2010: $6,500Net Assets 2010: $737,6712010Assets 2011: $814,554Liabilities 2011: $6,825Net Assets 2011: $807,7292011Assets 2012: $619,460Liabilities 2012: $6,825Net Assets 2012: $612,6352012Assets 2013: $2,118,722Liabilities 2013: $7,200Net Assets 2013: $2,111,5222013Assets 2014: $2,708,470Liabilities 2014: $7,600Net Assets 2014: $2,700,8702014Assets 2015: $1,826,175Liabilities 2015: $57,923Net Assets 2015: $1,768,2522015Assets 2016: $1,151,459Liabilities 2016: $7,600Net Assets 2016: $1,143,8592016Assets 2017: $3,655,303Liabilities 2017: $41,502Net Assets 2017: $3,613,8012017Assets 2018: $2,811,768Liabilities 2018: $28,276Net Assets 2018: $2,783,4922018Assets 2019: $3,041,771Liabilities 2019: $22,796Net Assets 2019: $3,018,9752019Assets 2020: $4,079,307Liabilities 2020: $0Net Assets 2020: $4,079,3072020Assets 2021: $3,018,003Liabilities 2021: $3,108Net Assets 2021: $3,014,8952021Assets 2022: $2,764,816Liabilities 2022: $36,765Net Assets 2022: $2,728,0512022Assets 2023: $7,087,513Liabilities 2023: $0Net Assets 2023: $7,087,5132023Assets 2024: $7,487,556Liabilities 2024: $0Net Assets 2024: $7,487,5562024

Highlighted filing

2014

Assets$2,708,470
Liabilities$7,600
Net Assets$2,700,870
Open 2014 Filing

Operations Trend

Revenue Growth25th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2008: $58,7932008Expenses 2010: $1,195,5662010Revenue 2011: $483,079Expenses 2011: $405,087Net Income 2011: $77,9922011Expenses 2012: $346,4592012Revenue 2013: $1,756,317Expenses 2013: $279,316Net Income 2013: $1,477,0012013Revenue 2014: $1,609,257Expenses 2014: $1,010,297Net Income 2014: $598,9602014Revenue 2015: $283,157Expenses 2015: $1,192,720Net Income 2015: -$909,5632015Revenue 2016: $410,624Expenses 2016: $1,091,410Net Income 2016: -$680,7862016Revenue 2017: $3,144,278Expenses 2017: $712,221Net Income 2017: $2,432,0572017Revenue 2018: $334,580Expenses 2018: $1,042,936Net Income 2018: -$708,3562018Revenue 2019: $996,369Expenses 2019: $957,818Net Income 2019: $38,5512019Revenue 2020: $1,484,783Expenses 2020: $586,022Net Income 2020: $898,7612020Revenue 2021: $454,694Expenses 2021: $1,609,075Net Income 2021: -$1,154,3812021Revenue 2022: $563,859Expenses 2022: $477,312Net Income 2022: $86,5472022Revenue 2023: $4,636,372Expenses 2023: $451,082Net Income 2023: $4,185,2902023Revenue 2024: $835,389Expenses 2024: $519,098Net Income 2024: $316,2912024

Highlighted filing

2014

Revenue$1,609,257
Expenses$1,010,297
Net Income$598,960
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 27, 2015
Return Version
2014v5.0
Gross Receipts
$1,609,257
Mission and Program Overview

Mission

THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN SUCH ACTIVITY AS MAY BE NECESSARY, APPROPRIATE OR OTHERWISE HELPFUL TO SUPPORT, PROVIDE ASSISTANCE TO OR PERFORM FUNCTIONS OF ARAVIND EYE HOSPITAL AND POSTGRADUATE INSTITUTE OF OPHTHAMOLOGY HEADQUARTERS IN MADRAI, INDIA (ARAVIND EYE HOSPITAL). THE GOAL OF ARAVIND EYE HOSPITAL IS TO ELIMINATE NEEDLESS BLINDNESS. Aravind Eye Foundation WILL SUPPORT ARAVIND EYE HOSPITAL IN WORKING TOWARD THAT GOAL:(A) BY PROMOTING ARAVIND EYE HOSPITAL AND COMMUNICATING ITS ACTIVITIES THROUGHOUT THE WORLD;(B) BY SUPPORTING ARAVIND EYE HOSPITAL DIRECTLY IN SERVICE DELIVERY, HUMAN RESOURCE AND ORGANIZATION DEVELOPMENT, SECURING EQUIPMENT AND SUPPLIES, LOCATING VOLUNTEERS WHO MEET IDENTIFIED NEEDS AND METTING OTHER REQUESTS OF THE ARAVIND EYE HOSPITAL; AND(C) BY ASSISTING IN THE SPREAD OF "THE ARAVIND MODEL" TO OTHER PLACES IN INDIA AND THE WORLD.

The friends of aravind, inc., doing business as the aravind eye foundation, inc. ("aef") since 2011, is a not-for-profit organization that helps the aravind eye care system ("aecs") in india spread its model of sustainable, high-quality eye care to india's rural populations and to other developing countries. Aef provides funding for capacity building, community outreach, training and education, and medical research to help aecs achieve its vision of eliminating needless blindness worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$812,000$1,221,907▲ $409,907
Savings and Temporary Cash Investments$946,880$1,106,336▲ $159,456
Investments in Publicly Traded Securities$359,842$380,227▲ $20,385
Total Assets$2,118,722$2,708,470▲ $589,748
Liabilities
Accounts Payable and Accrued Expenses$7,200$7,600▲ $400
Total Liabilities$7,200$7,600▲ $400
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,558,216$2,054,130▲ $495,914
Unrestricted Net Assets$553,306$646,740▲ $93,434
Total Net Assets Fund Balance$2,111,522$2,700,870▲ $589,348
Total Liabilities and Net Assets / Fund Balance$2,118,722$2,708,470▲ $589,748
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donna CampbellExecutive DirectorPT$32,000$32,000

Board Members and Trustees

NameTitle
Dr R Christine MeltonPresident
Dr Alan RobinMember
Dr Aravind SrinivasanMember
Dr Rd RavindranMember
Jerry G JonesMember
Lady Neelam Sekhri FeachemMember
Meg LeukerMember
Sriram ViswanathanMember
Thulsiraj RavillaMember
Pavithra MehtaTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,578,652
Program Service Revenue
$0
Investment Income
$30,605
Other Revenue
$0
All Other Contributions
$1,578,652
Change in Net Assets
$598,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,609,257
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-9,612
Total Revenue per Audited Statements
$1,599,645
Total Revenue per Form 990
$1,609,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$960,155
Salaries, Compensation, and Employee Benefits$34,726
Other Expenses$15,416
Total Fundraising Expense$12,856
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$960,155--$960,155
Current Officers, Directors, Trustees, and Key Employees$12,800$9,600$9,600$32,000
Fees for Services Accounting-$7,600-$7,600
Travel$2,198-$2,438$4,636
Payroll Taxes$1,090$818$818$2,726
Office Expenses-$1,496-$1,496
Fees for Services Other-$1,320-$1,320
Insurance-$364-$364
Total Functional Expenses$976,243$21,198$12,856$1,010,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,010,297
Total Expenses per Audited Statements$1,010,297
Total Expenses per Form 990$1,010,297
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$960,155

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South Asia - IndiaGrants to Recipients Located in Region-00$960,155
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
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
No
Other officer compensation reviewed
No
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, Section A, Line 2

“Thulasiraj ravilla and r.d. Ravindran are brothers. They are married to nieces of the founder dr. G. Venkataswamy. Srinivasan aravind is their cousin by marrige, and pavi mehta is their niece by marriage.”

Form 990, Part VI, Section B, Line 11

“The organization's form 990 is sent to the board for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“A questionnaire is distributed to the board annually regarding the existence of any conflict of interest issues. Each board member signs the questionnaire indicating his/her understanding of the policy and the board president reviews the responses.”

Form 990, Part VI, Section B, Line 15

“The executive committee of the board reviewed public information on executive director responsibilities and salaries and determined the initial base salary for a part-time executive director, given current responsibilities. The salary level was approved by the finance committee.”

Form 990, Part VI, Section C, Line 19

“Aravind eye foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Friends of Aravind Inc
EIN
38-3532410
Phone
2124753791
Address
247 THIRD AVENUE NO 202, NEW YORK, NY 10010-7454
Doing Business As
Aravind Eye Foundation Inc

Signing Officer

Name
Dr R C Melton
Title
President
Phone
2124753791
Signed
2015-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr R C Melton
Formed
2000
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
2

Preparer

Firm
Manger & Associate Cpas Pc
Address
295 MADISON AVENUE SUITE 901, NEW YORK, NY 10017
Preparer
Robert L Manger
Phone
2129863025
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The board is responsible for the selection of the independent public accountant and oversight of the audit. This process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“Generally accepted accounting principles require that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The adoption of this guidance did not have an impact on the aef's financial statements, as management believes that there are no uncertain tax positions within its financial statements. Aef has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; determine its filing and tax obligations in jurisdictions for which it has nexus; and to review other matters that may be considered tax positions. Aef's forms 990, return of organization exempt for income tax, for the years ending december 31, 2011, 2012, and 2013 are subject to examination by the irs, generally for three years after they were filed.”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN SUCH ACTIVITY AS MAY BE NECESSARY, APPROPRIATE OR OTHERWISE HELPFUL TO SUPPORT, PROVIDE ASSISTANCE TO OR PERFORM FUNCTIONS OF ARAVIND EYE HOSPITAL AND POSTGRADUATE INSTITUTE OF OPHTHAMOLOGY HEADQUARTERS IN MADRAI, INDIA (ARAVIND EYE HOSPITAL). THE GOAL OF ARAVIND EYE HOSPITAL IS TO ELIMINATE NEEDLESS BLINDNESS. ARAVIND EYE FOUNDATION WILL SUPPORT ARAVIND EYE HOSPITAL IN WORKING TOWARD THAT GOAL:(A) BY PROMOTING ARAVIND EYE HOSPITAL AND COMMUNICATING ITS ACTIVITIES IN THE UNITED STATES, CANADA, AND EUROPE;(B) BY SUPPORTING ARAVIND EYE HOSPITAL DIRECTLY IN SERVICE DELIVERY, HUMAN RESOURCE AND ORGANIZATION DEVELOPMENT, SECURING EQUIPMENT AND SUPPLIES, LOCATING VOLUNTEERS WHO MEET IDENTIFIED NEEDS AND METTING OTHER REQUESTS OF THE ARAVIND EYE HOSPITAL; AND(C) BY ASSISTING IN THE SPREAD OF "THE ARAVIND MODEL" TO OTHER PLACES IN INDIA AND THE WORLD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
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IRS990/NetAssetsOrFundBalancesEOYAmt02700870
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-9612
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01496
IRS990/OfficeExpensesGrp/TotalAmt01496
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0818
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0818
IRS990/PayrollTaxesGrp/ProgramServicesAmt01090
IRS990/PayrollTaxesGrp/TotalAmt02726
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0812000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01221907
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR R C MELTON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01733405
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0230697
IRS990/PYInvestmentIncomeAmt022779
IRS990/PYOtherExpensesAmt013912
IRS990/PYOtherRevenueAmt0133
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01477001
IRS990/PYSalariesCompEmpBnftPaidAmt034707
IRS990/PYTotalExpensesAmt0279316
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01756317
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0598960
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0946880
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01106336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01578652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01733405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0115976
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0477453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt088143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03993629
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030605
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022779
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05251
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05626
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06013
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt070274
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0133
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0133
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65870
IRS990ScheduleA/PublicSupportPY170Pct00.82480
IRS990ScheduleA/PublicSupportTotal170Amt02677144
IRS990ScheduleA/SubstantialContributorsTotAmt01316485
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01578652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01733405
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0115976
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0477453
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt088143
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03993629
IRS990ScheduleA/TotalSupportAmt04064036
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01010297
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-9612
IRS990ScheduleD/RevenueNotReportedAmt0-9612
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01609257
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS GUIDANCE DID NOT HAVE AN IMPACT ON THE AEF'S FINANCIAL STATEMENTS, AS MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. AEF HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO REVIEW OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. AEF'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FOR INCOME TAX, FOR THE YEARS ENDING DECEMBER 31, 2011, 2012, AND 2013 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01010297
IRS990ScheduleD/TotalRevenuePerForm990Amt01609257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01599645
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01010297
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0960155
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA - INDIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0960155
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0TO FUND VARIOUS PROJECTS WITHIN THE ARAVIND EYE CARE SYSTEM: THE ARAVIND MEDICAL RESEARCH FOUNDATION, PEDIATRIC CARE, EQUIPMENT, FELLOWSHIPS, AND RING OF HOPE AND EDUCATION FUNDS.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0BOOK
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0960155
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE ARAVIND EYE FOUNDATION RECEIVES RECOMMENDATIONS FROM THE FINANCE COMMITTEE AT ARAVIND EYE HOSPITAL AND, BASED ON THOSE RECOMMENDATIONS, DIRECTS FUNDS TO BE USED IN THE AREAS THEY ARE NEEDED MOST. AEF RECEIVES REGULAR UPDATES DURING BOARD MEETINGS REGARDING THE ACTIVITIES OF ARAVIND AND USE OF GRANT FUNDS BY THE DESIGNATED PROJECTS.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1GRANT EXPENDITURES ARE RECORDED AS PAYMENTS ARE MADE TO THE RECIPIENT ORGANIZATION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0960155
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THULASIRAJ RAVILLA AND R.D. RAVINDRAN ARE BROTHERS. THEY ARE MARRIED TO NIECES OF THE FOUNDER DR. G. VENKATASWAMY. SRINIVASAN ARAVIND IS THEIR COUSIN BY MARRIGE, AND PAVI MEHTA IS THEIR NIECE BY MARRIAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 IS SENT TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A QUESTIONNAIRE IS DISTRIBUTED TO THE BOARD ANNUALLY REGARDING THE EXISTENCE OF ANY CONFLICT OF INTEREST ISSUES. EACH BOARD MEMBER SIGNS THE QUESTIONNAIRE INDICATING HIS/HER UNDERSTANDING OF THE POLICY AND THE BOARD PRESIDENT REVIEWS THE RESPONSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWED PUBLIC INFORMATION ON EXECUTIVE DIRECTOR RESPONSIBILITIES AND SALARIES AND DETERMINED THE INITIAL BASE SALARY FOR A PART-TIME EXECUTIVE DIRECTOR, GIVEN CURRENT RESPONSIBILITIES. THE SALARY LEVEL WAS APPROVED BY THE FINANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARAVIND EYE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT PUBLIC ACCOUNTANT AND OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01558216
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02054130
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02118722
IRS990/TotalAssetsEOYAmt02708470
IRS990/TotalAssetsGrp/BOYAmt02118722
IRS990/TotalAssetsGrp/EOYAmt02708470
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01578652
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012856
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021198
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0976243
IRS990/TotalFunctionalExpensesGrp/TotalAmt01010297
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07200
IRS990/TotalLiabilitiesEOYAmt07600
IRS990/TotalLiabilitiesGrp/BOYAmt07200
IRS990/TotalLiabilitiesGrp/EOYAmt07600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02111522
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02700870
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0976243
IRS990/TotalReportableCompFromOrgAmt032000
IRS990/TotalRevenueGrp/ExclusionAmt030605
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01609257
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt02438
IRS990/TravelGrp/ProgramServicesAmt02198
IRS990/TravelGrp/TotalAmt04636
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0553306
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0646740
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0247 THIRD AVENUE NO 202
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd0100107454
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.ARAVINDEYEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR R C MELTON

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,708,470
Liabilities
$7,600
Net assets
$2,700,870
Revenue
$1,609,257
Expenses
$1,010,297
Net income
$598,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.49$0.00$7.49$0.84$0.52$0.32
2023Detailed filing. Detailed filing data is available for this year.$7.09$0.00$7.09$4.64$0.45$4.19
2022Detailed filing. Detailed filing data is available for this year.$2.76$0.04$2.73$0.56$0.48$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.01$0.45$1.61$1.15
2020Detailed filing. Detailed filing data is available for this year.$4.08$0.00$4.08$1.48$0.59$0.90
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.02$3.02$1.00$0.96$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.81$0.03$2.78$0.33$1.04$0.71
2017Detailed filing. Detailed filing data is available for this year.$3.66$0.04$3.61$3.14$0.71$2.43
2016Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$0.41$1.09$0.68
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.06$1.77$0.28$1.19$0.91
2014Detailed filing. Detailed filing data is available for this year.$2.71$0.01$2.70$1.61$1.01$0.60
2013Detailed filing. Detailed filing data is available for this year.$2.12$0.01$2.11$1.76$0.28$1.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.01$0.61$0.35
2011Summary only. Only limited summary data is available for this year.$0.81$0.01$0.81$0.48$0.41$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.01$0.74$1.20
2008Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.57$0.00$0.57$0.06