Civic Intelligence

Sight for Souls

990 • Fiscal year 2014 • EIN 46-5491631

Feb 04, 2014 to Dec 31, 2014 • Filed on Oct 20, 2015

3300 Tyson AvePhiladelphia, PA 19149

(267) 456-6806

Siviq Scores

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

Liabilities / Assets

79th percentile

0.14x

Higher debt load relative to assets than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

83rd percentile

0.12x

Higher debt load relative to revenue than 83% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

97th percentile

77%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$274,745

No earlier filing loaded for comparison.

Net Assets

$237,110

No earlier filing loaded for comparison.

Liabilities

$37,635

No earlier filing loaded for comparison.

Revenue

$307,647

No earlier filing loaded for comparison.

Expenses

$70,537

No earlier filing loaded for comparison.

Net Income

$237,110

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2014: $274,745Liabilities 2014: $37,635Net Assets 2014: $237,1102014Assets 2015: $629,178Liabilities 2015: $28,352Net Assets 2015: $600,8262015Assets 2016: $707,589Liabilities 2016: $17,625Net Assets 2016: $689,9642016Assets 2017: $625,516Liabilities 2017: $40,903Net Assets 2017: $584,6132017Assets 2018: $403,988Liabilities 2018: $30,735Net Assets 2018: $373,2532018Assets 2019: $86,654Liabilities 2019: $3,907Net Assets 2019: $82,7472019Assets 2020: $62,040Liabilities 2020: $1,971Net Assets 2020: $60,0692020Assets 2021: $97,694Liabilities 2021: $1,312Net Assets 2021: $96,3822021Assets 2022: $102,925Liabilities 2022: $1,450Net Assets 2022: $101,4752022Assets 2023: $144,106Liabilities 2023: $1,250Net Assets 2023: $142,8562023

Highlighted filing

2014

Assets$274,745
Liabilities$37,635
Net Assets$237,110

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2014: $307,647Expenses 2014: $70,537Net Income 2014: $237,1102014Revenue 2015: $456,455Expenses 2015: $92,739Net Income 2015: $363,7162015Revenue 2016: $220,154Expenses 2016: $130,861Net Income 2016: $89,2932016Revenue 2017: $302,768Expenses 2017: $407,671Net Income 2017: -$104,9032017Revenue 2018: $71,494Expenses 2018: $282,854Net Income 2018: -$211,3602018Revenue 2019: $130,978Expenses 2019: $421,484Net Income 2019: -$290,5062019Revenue 2020: $146,434Expenses 2020: $169,112Net Income 2020: -$22,6782020Revenue 2021: $138,778Expenses 2021: $102,465Net Income 2021: $36,3132021Revenue 2022: $126,392Expenses 2022: $121,299Net Income 2022: $5,0932022Revenue 2023: $213,583Expenses 2023: $172,202Net Income 2023: $41,3812023

Highlighted filing

2014

Revenue$307,647
Expenses$70,537
Net Income$237,110
Jump To
Filing Snapshot
Filing Period
Feb 4, 2014 to Dec 31, 2014
Signed
Oct 20, 2015
Return Version
2014v5.0
Gross Receipts
$307,647
Mission and Program Overview

Mission

To increase the availability of affordable, high quality ophthalmological and other medical services. To enhance training opportunities for ophthalmologic specialities and allied professionals especially local medical personnel in developing countries. To conduct research in eye diseases common to sub-saharan africa.

To provide ophthalmological care, training and research to needy patients in countries in sub-saharan africa based on christian principles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$184,745-
Land, Buildings, and Equipment, Net$0$90,000▲ $90,000
Loans From Officers Directors-$37,635-
Total Assets$0$274,745▲ $274,745
Liabilities
Total Liabilities$0$37,635▲ $37,635
Net Assets / Fund Balance
Unrestricted Net Assets-$211,534-
Temporarily Rstr Net Assets-$25,576-
Total Net Assets Fund Balance$0$237,110▲ $237,110
Total Liabilities and Net Assets / Fund Balance$0$274,745▲ $274,745

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$90,000-$90,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
John Kempen MdPresident
Scott Lawrence MdVice President
Demissie Tadesse MdBoard Member
Hardeep Dhindsa MdBoard Member
Ronald Krueger MdBoard Member
Thomas Hwang MdBoard Member
Michael Tibbetts MdSecretary
Kenneth LeahyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$307,647
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$307,647
Change in Net Assets
$237,110

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$90,000Fair Market Value (FMV)
Securities Publicly Traded2$49,752FAIR MKT VAL @ DATE
Total Noncash Contributions3$139,752-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,537
Total Fundraising Expense$5,402
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$34,245-$34,245
Fees for Services Other$7,200$10,334-$17,534
Conferences and Meetings$3,020--$3,020
Travel$545$132$59$736
Other Expenses$366$89$40$495
Office Expenses$313$76$35$424
All Other Expenses$118$29$12$159
Total Functional Expenses$20,086$45,049$5,402$70,537
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$37,635-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of the draft 990 is sent by email to the board of directors for review. Comments are received back by email so as to be documented. Any issue not resolved by email will be addressed via a board meeting. The board will approve form 990 before it is filed.

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

The policy is circulated to each board member on an annual basis with a requirement to review the policy, and then to sign off that they are in compliance or identify any potential conflicts to the secretary of the organization.

Form 990, Part VI, Section B, Line 15

The board created a compensation committee composed of the treasurer, secretary, and acting director, who is a paid consultant, to set up a compensation framework and review compensation practices. The committee reports to the board at each board meeting. The board must approve all compensation agreements. All consulting arrangements are subject to review by the president and the treasurer.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sight for Souls
EIN
46-5491631
Phone
2674566806
Address
3300 TYSON AVE, PHILADELPHIA, PA 19149

Signing Officer

Name
Ken Leahy
Title
Treasurer
Phone
2159623525
Signed
2015-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Kempen
Formed
2014
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
10

Preparer

Firm
Dunlap & Associates Pc
Address
1300 HORIZON DRIVE SUITE 106, CHALFONT, PA 18914
Preparer
Julia L Davis
Phone
2159975600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Sight for souls is creating the discovery eye institute - a joint initiative of ethiopian and american ophthalmologists to provide world class clinical care, serve as a leader in advanced training for doctors and alligned personnel in africa and conduct needed research into eye diseases and treatments. Sfs is currently pursuing registering the discovery eye institute in ethiopia. The organization is also developing a partnership with the myungsung medical center in addis ababa that will allow early entry into the country.

Form 990, Part IX, Line 11G

Professional services: program service expenses 0. Management and general expenses 10,334. Fundraising expenses 0. Total expenses 10,334. Consultant fees: program service expenses 7,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,200.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBER
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/TotalBalanceDueAmt037635
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0MEDICAL EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt090000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt049752
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SIGHT FOR SOULS IS CREATING THE DISCOVERY EYE INSTITUTE - A JOINT INITIATIVE OF ETHIOPIAN AND AMERICAN OPHTHALMOLOGISTS TO PROVIDE WORLD CLASS CLINICAL CARE, SERVE AS A LEADER IN ADVANCED TRAINING FOR DOCTORS AND ALLIGNED PERSONNEL IN AFRICA AND CONDUCT NEEDED RESEARCH INTO EYE DISEASES AND TREATMENTS. SFS IS CURRENTLY PURSUING REGISTERING THE DISCOVERY EYE INSTITUTE IN ETHIOPIA. THE ORGANIZATION IS ALSO DEVELOPING A PARTNERSHIP WITH THE MYUNGSUNG MEDICAL CENTER IN ADDIS ABABA THAT WILL ALLOW EARLY ENTRY INTO THE COUNTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE DRAFT 990 IS SENT BY EMAIL TO THE BOARD OF DIRECTORS FOR REVIEW. COMMENTS ARE RECEIVED BACK BY EMAIL SO AS TO BE DOCUMENTED. ANY ISSUE NOT RESOLVED BY EMAIL WILL BE ADDRESSED VIA A BOARD MEETING. THE BOARD WILL APPROVE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS CIRCULATED TO EACH BOARD MEMBER ON AN ANNUAL BASIS WITH A REQUIREMENT TO REVIEW THE POLICY, AND THEN TO SIGN OFF THAT THEY ARE IN COMPLIANCE OR IDENTIFY ANY POTENTIAL CONFLICTS TO THE SECRETARY OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD CREATED A COMPENSATION COMMITTEE COMPOSED OF THE TREASURER, SECRETARY, AND ACTING DIRECTOR, WHO IS A PAID CONSULTANT, TO SET UP A COMPENSATION FRAMEWORK AND REVIEW COMPENSATION PRACTICES. THE COMMITTEE REPORTS TO THE BOARD AT EACH BOARD MEETING. THE BOARD MUST APPROVE ALL COMPENSATION AGREEMENTS. ALL CONSULTING ARRANGEMENTS ARE SUBJECT TO REVIEW BY THE PRESIDENT AND THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,334. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,334. CONSULTANT FEES: PROGRAM SERVICE EXPENSES 7,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,200.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, 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 IX, LINE 11G
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IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/StatesWhereCopyOfReturnIsFldCd1CO
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt025576
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0274745
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0274745
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0307647
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05402
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045049
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020086
IRS990/TotalFunctionalExpensesGrp/TotalAmt070537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt037635
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt037635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0237110
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt020086
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0307647
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0274745
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt059
IRS990/TravelGrp/ManagementAndGeneralAmt0132
IRS990/TravelGrp/ProgramServicesAmt0545
IRS990/TravelGrp/TotalAmt0736
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0211534
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04215 PINE STREET
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019104
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SIGHTFORSOULS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN LEAHY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02159623525
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIGHT FOR SOULS
ReturnHeader/Filer/BusinessNameControlTxt0SIGH
ReturnHeader/Filer/EIN0465491631
ReturnHeader/Filer/PhoneNum02674566806
ReturnHeader/Filer/USAddress/AddressLine1Txt03300 TYSON AVE
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019149
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233018514
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DUNLAP & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01300 HORIZON DRIVE SUITE 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHALFONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018914
ReturnHeader/PreparerPersonGrp/PhoneNum02159975600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIA L DAVIS
ReturnHeader/ReturnTs02015-10-23T14:02:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-02-04
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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