Civic Intelligence

The Armenian Eyecare Project

EIN 47-0850159 • 501(c)3 • San Dimas, CA

Profile

To eliminate preventable blindness for armenian children and adults by providing medical care and surgery, screening and education, as well as conducting eyecare research.

100 W Foothill Blvd 203San Dimas, CA 91773

www.eyecareproject.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.01x

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

84th percentile

37%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

93rd percentile

60%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

138%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,180,227

Down $370,906 (-10%) from 2022

Liabilities

Up

$14,993

Up $6,143 (+69%) from 2022

Net Assets

Down

$3,165,234

Down $377,049 (-11%) from 2022

Revenue

Up

$1,905,387

Up $179,023 (+10%) from 2022

Expenses

Down

$2,282,436

Down $410,953 (-15%) from 2022

Net Income

Up

-$377,049

Up $589,976 (+61%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $1,783,950Liabilities 2010: $79,776Net Assets 2010: $1,704,1742010Assets 2011: $1,798,169Liabilities 2011: $36,411Net Assets 2011: $1,761,7582011Assets 2012: $1,843,601Liabilities 2012: $13,564Net Assets 2012: $1,830,0372012Assets 2013: $2,686,072Liabilities 2013: $27,544Net Assets 2013: $2,658,5282013Assets 2014: $2,502,450Liabilities 2014: $41,015Net Assets 2014: $2,461,4352014Assets 2015: $3,550,920Liabilities 2015: $54,331Net Assets 2015: $3,496,5892015Assets 2016: $3,498,749Liabilities 2016: $15,630Net Assets 2016: $3,483,1192016Assets 2017: $3,321,721Liabilities 2017: $18,529Net Assets 2017: $3,303,1922017Assets 2018: $3,107,313Liabilities 2018: $62,338Net Assets 2018: $3,044,9752018Assets 2019: $2,534,485Liabilities 2019: $19,068Net Assets 2019: $2,515,4172019Assets 2020: $3,878,218Liabilities 2020: $15,000Net Assets 2020: $3,863,2182020Assets 2021: $4,533,308Liabilities 2021: $24,000Net Assets 2021: $4,509,3082021Assets 2022: $3,551,133Liabilities 2022: $8,850Net Assets 2022: $3,542,2832022Assets 2023: $3,180,227Liabilities 2023: $14,993Net Assets 2023: $3,165,2342023

Highlighted filing

2023

Assets$3,180,227
Liabilities$14,993
Net Assets$3,165,234

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,825,1842010Expenses 2011: $1,499,6622011Expenses 2012: $1,256,0452012Revenue 2013: $2,183,489Expenses 2013: $1,354,998Net Income 2013: $828,4912013Revenue 2014: $1,506,114Expenses 2014: $1,703,207Net Income 2014: -$197,0932014Revenue 2015: $2,420,490Expenses 2015: $1,385,336Net Income 2015: $1,035,1542015Revenue 2016: $1,711,202Expenses 2016: $1,724,672Net Income 2016: -$13,4702016Revenue 2017: $1,559,473Expenses 2017: $1,739,400Net Income 2017: -$179,9272017Revenue 2018: $2,022,098Expenses 2018: $2,280,315Net Income 2018: -$258,2172018Revenue 2019: $1,205,499Expenses 2019: $1,735,057Net Income 2019: -$529,5582019Revenue 2020: $2,533,687Expenses 2020: $1,185,886Net Income 2020: $1,347,8012020Revenue 2021: $2,577,746Expenses 2021: $1,931,656Net Income 2021: $646,0902021Revenue 2022: $1,726,364Expenses 2022: $2,693,389Net Income 2022: -$967,0252022Revenue 2023: $1,905,387Expenses 2023: $2,282,436Net Income 2023: -$377,0492023

Highlighted filing

2023

Revenue$1,905,387
Expenses$2,282,436
Net Income-$377,049

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.18$0.01$3.17$1.91$2.28$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.55$0.01$3.54$1.73$2.69$0.97
2021Detailed filing. Detailed filing data is available for this year.$4.53$0.02$4.51$2.58$1.93$0.65
2020Detailed filing. Detailed filing data is available for this year.$3.88$0.02$3.86$2.53$1.19$1.35
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.02$2.52$1.21$1.74$0.53
2018Detailed filing. Detailed filing data is available for this year.$3.11$0.06$3.04$2.02$2.28$0.26
2017Detailed filing. Detailed filing data is available for this year.$3.32$0.02$3.30$1.56$1.74$0.18
2016Detailed filing. Detailed filing data is available for this year.$3.50$0.02$3.48$1.71$1.72$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.55$0.05$3.50$2.42$1.39$1.04
2014Summary only. Only limited summary data is available for this year.$2.50$0.04$2.46$1.51$1.70$0.20
2013Detailed filing. Detailed filing data is available for this year.$2.69$0.03$2.66$2.18$1.35$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.01$1.83$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.04$1.76$1.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.08$1.70$1.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$2,027,442
Mission and Program Overview

Mission

To eliminate preventable blindness for armenian children and adults by providing medical care and surgery, screening and education, as well as conducting eyecare research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,598,519$1,377,479▼ $221,040
Land, Buildings, and Equipment, Net$1,245,741$1,200,478▼ $45,263
Cash and Non-Interest-Bearing Accounts$666,873$602,270▼ $64,603
Total Assets$3,551,133$3,180,227▼ $370,906
Other Assets Total$40,000--
Liabilities
Accounts Payable and Accrued Expenses$8,850$11,975▲ $3,125
Other Liabilities-$3,018-
Total Liabilities$8,850$14,993▲ $6,143
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,542,283$3,165,234▼ $377,049
Total Net Assets Fund Balance$3,542,283$3,165,234▼ $377,049
Total Liabilities and Net Assets / Fund Balance$3,551,133$3,180,227▼ $370,906

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$197,591$4,739,268$4,936,859
Other Land Buildings$1,002,887$592,390$1,595,277
Compensation and Service Providers

Board Members and Trustees

NameTitle
Roger Ohanesian MdPresident/bd
Baruch D Kuppermann Phd MdBoard Member
Gloria SeftonBoard Member
Khodam Rostomian MdBoard Member
Lisa KalustianBoard Member
Meredith KhachigianBoard Member
Michael AghajanianBoard Member
Michael SahakianBoard Member
Richard a Hill MdBoard Member
Tom Lee MdBoard Member
David Keligian Jd CPACFO/treasure
John a Hovanesian MdVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,741,429
Program Service Revenue
$0
Investment Income
$24,104
Other Revenue
$139,854
All Other Contributions
$1,660,438
Change in Net Assets
$-377,049

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$101,753Fair Market Value (FMV)
Total Noncash Contributions1$101,753-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,905,387
Total Revenue per Audited Statements
$1,905,387
Total Revenue per Form 990
$1,905,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,148,139
Salaries, Compensation, and Employee Benefits$134,297
Total Fundraising Expense$117,799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$282,562$76,634$23,049$382,245
Depreciation Depletion$320,480-$18,616$339,096
Other Expenses$178,035$62,357$30,337$178,035
Other Salaries and Wages$86,980$6,200$31,065$124,245
Travel$75,760$297-$76,057
Occupancy$34,219$17,190-$51,409
Insurance$14,538$15,726-$30,264
Advertising$24,240$4,493-$28,733
Conferences and Meetings$4,334$77$14,732$19,143
Payroll Taxes-$10,052-$10,052
Total Functional Expenses$1,934,832$229,805$117,799$2,282,436

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,282,436
Total Expenses per Audited Statements$2,282,436
Total Expenses per Form 990$2,282,436
International Activity

International Summary

Spending
$1,024,510

International Compliance

Foreign grant records maintained
No
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
Russia and Newly IndependProgram ServicesDirect Medical Care--$1,024,510
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$122,055
Fundraising Gross Income$122,055
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Benefit$203,046$122,055$110,929$11,126
Total Events$203,046$122,055$122,055-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Andrew OhanesianSonGraphic Art & DesignNo$4,900
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$3,018
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Prior to filing, form 990 is provided to board member david keligian, j.d., c.p.a. For review and approval, who then reports the status of the form 990 to the board.

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

Board members are required to annually update a form regarding participation in potential conflicting activities or organizations.

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

Annual compensation of employees is reviewed by comparing to industry standards and southern california center for nonprofit management surveys.

Form 990, Page 6, Part VI, Line 19

Financial statements and form 990 are available on the organization's website. Governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
The Armenian Eyecare Project
EIN
47-0850159
Phone
9499334069
Address
100 W FOOTHILL BLVD 203, SAN DIMAS, CA 91773

Signing Officer

Name
David Keligian Jd CPA
Title
CFO/treasurer/bd
Phone
9499334069
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Ohanesian Md
Formed
2002
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
10

Preparer

Firm
Miller Giangrande Llp
Address
145 S STATE COLLEGE BLVD STE 160, BREA, CA 92821-5824
Preparer
Kristen Wilks
Phone
7144942200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Education 128,060 70 0 licenses and fees 90,229 6,710 0 printing and production 48,030 7,684 23,049 computer expenses 15,658 32,412 0 banking 0 11,972 0 vehicles 438 10,661 0 telephone 0 5,340 0 postage and shipping 147 1,611 0 dues and subscriptions 0 174 0 total 282,562 76,634 23,049

Financial Statement Notes

Schedule D, Page 3, Part X

The accounting standard for uncertainty is income taxes addresses the determination of whether benefits claimed or expected to be claimed on the tax return should be recorded in the financial statements. Under that guidance, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by taxing authorizties based on the technical merits of the position. Examples of tax positions include the tax exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (ubti). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for 2023 and 2022.

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IRS990/MissionDesc0TO ELIMINATE PREVENTABLE BLINDNESS FOR ARMENIAN CHILDREN AND ADULTS BY PROVIDING MEDICAL CARE AND SURGERY, SCREENING AND EDUCATION, AS WELL AS CONDUCTING EYECARE RESEARCH.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD FOR UNCERTAINTY IS INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORIZTIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR 2023 AND 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0RUSSIA AND NEWLY INDEPEND
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/GrantRecordsMaintainedInd0false
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IRS990ScheduleF/SubtotalSpentAmt01024510
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0RUSSIA AND NEWLY INDEPEND 1,024,510 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
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IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt02576
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0110929

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