Civic Intelligence

Old Dominion Eye Foundation Inc.

990 • Fiscal year 2018 • EIN 54-0699616

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

9200 Arboretum Pkwy Suite 104Richmond, VA 23236

(804) 560-7540

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

44th percentile

0.07x

Higher debt load relative to revenue than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

61st percentile

7.2%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$146,834

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

56th percentile

2.9%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,011,436

Up $112,752 (+2.9%) from 2017

Net Assets

Up

$3,842,830

Up $137,060 (+3.7%) from 2017

Liabilities

Down

$168,606

Down $24,308 (-13%) from 2017

Revenue

Up

$2,365,964

Up $219,279 (+10%) from 2017

Expenses

Down

$2,194,716

Down $127,265 (-5.5%) from 2017

Net Income

Up

$171,248

Up $346,544 (+198%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $3,362,848Liabilities 2012: $317,137Net Assets 2012: $3,045,7112012Assets 2013: $3,508,593Liabilities 2013: $223,672Net Assets 2013: $3,284,9212013Assets 2014: $3,863,416Liabilities 2014: $248,464Net Assets 2014: $3,614,9522014Assets 2015: $3,917,907Liabilities 2015: $230,334Net Assets 2015: $3,687,5732015Assets 2016: $3,915,960Liabilities 2016: $224,386Net Assets 2016: $3,691,5742016Assets 2017: $3,898,684Liabilities 2017: $192,914Net Assets 2017: $3,705,7702017Assets 2018: $4,011,436Liabilities 2018: $168,606Net Assets 2018: $3,842,8302018Assets 2019: $3,821,815Liabilities 2019: $171,114Net Assets 2019: $3,650,7012019Assets 2020: $3,445,279Liabilities 2020: $189,093Net Assets 2020: $3,256,1862020Assets 2021: $3,815,234Liabilities 2021: $284,185Net Assets 2021: $3,531,0492021Assets 2022: $3,389,966Liabilities 2022: $319,086Net Assets 2022: $3,070,8802022Assets 2023: $3,914,784Liabilities 2023: $705,405Net Assets 2023: $3,209,3792023Assets 2024: $3,309,023Liabilities 2024: $644,866Net Assets 2024: $2,664,1572024Assets 2025: $2,959,034Liabilities 2025: $506,774Net Assets 2025: $2,452,2602025

Highlighted filing

2018

Assets$4,011,436
Liabilities$168,606
Net Assets$3,842,830

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $1,826,167Expenses 2012: $1,997,417Net Income 2012: -$171,2502012Revenue 2013: $2,239,875Expenses 2013: $2,189,946Net Income 2013: $49,9292013Revenue 2014: $2,307,733Expenses 2014: $2,218,024Net Income 2014: $89,7092014Revenue 2015: $2,399,062Expenses 2015: $2,243,809Net Income 2015: $155,2532015Revenue 2016: $2,366,610Expenses 2016: $2,365,440Net Income 2016: $1,1702016Revenue 2017: $2,146,685Expenses 2017: $2,321,981Net Income 2017: -$175,2962017Revenue 2018: $2,365,964Expenses 2018: $2,194,716Net Income 2018: $171,2482018Revenue 2019: $1,844,715Expenses 2019: $2,110,691Net Income 2019: -$265,9762019Revenue 2020: $1,814,305Expenses 2020: $1,942,251Net Income 2020: -$127,9462020Revenue 2021: $2,022,985Expenses 2021: $2,233,328Net Income 2021: -$210,3432021Revenue 2022: $2,344,556Expenses 2022: $2,437,875Net Income 2022: -$93,3192022Revenue 2023: $2,804,480Expenses 2023: $2,760,390Net Income 2023: $44,0902023Revenue 2024: $2,299,379Expenses 2024: $2,837,419Net Income 2024: -$538,0402024Revenue 2025: $2,643,806Expenses 2025: $2,899,271Net Income 2025: -$255,4652025

Highlighted filing

2018

Revenue$2,365,964
Expenses$2,194,716
Net Income$171,248
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$2,863,779
Mission and Program Overview

Mission

To supply human eye tissue for transplant/research/teaching.

To supply human eye tissue for transplant/research/teaching

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,254,067$2,370,920▲ $116,853
Cash and Non-Interest-Bearing Accounts$855,238$906,501▲ $51,263
Savings and Temporary Cash Investments$265,550$269,060▲ $3,510
Accounts Receivable$218,280$198,830▼ $19,450
Pledges and Grants Receivable$149,100$146,300▼ $2,800
Land, Buildings, and Equipment, Net$143,286$98,350▼ $44,936
Prepaid Expenses and Deferred Charges$13,163$21,475▲ $8,312
Total Assets$3,898,684$4,011,436▲ $112,752
Liabilities
Accounts Payable and Accrued Expenses$181,914$157,606▼ $24,308
Grants Payable$11,000$11,000→ $0
Total Liabilities$192,914$168,606▼ $24,308
Net Assets / Fund Balance
Unrestricted Net Assets$3,705,770$3,842,830▲ $137,060
Total Net Assets Fund Balance$3,705,770$3,842,830▲ $137,060
Total Liabilities and Net Assets / Fund Balance$3,898,684$4,011,436▲ $112,752

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,770$175,074$235,844
Leasehold Improvements$31,989$117,467$149,456
Other Land Buildings$5,591$50,994$56,585
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William E ProctorExec DirectoFT$129,654$17,180$146,834
Revenue and Support

Revenue Composition

Contributions and Grants
$82,870
Program Service Revenue
$2,074,447
Investment Income
$208,647
Other Revenue
$0
All Other Contributions
$82,870
Change in Net Assets
$171,248

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,365,964
Revenue Not Reported on Form 990
$-34,188
Total Revenue per Audited Statements
$2,331,776
Total Revenue per Form 990
$2,365,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,268,280
Other Expenses$926,436
Total Fundraising Expense$50,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$755,934$165,171$27,608$948,713
Current Officers, Directors, Trustees, and Key Employees$117,510$25,676$4,292$147,478
Occupancy$99,336$21,705$3,628$124,669
Office Expenses$57,217$29,588$2,090$88,895
Payroll Taxes$67,197$14,683$2,454$84,334
Travel$60,179$13,149$2,198$75,526
Other Employee Benefits$53,053$11,592$1,937$66,582
Depreciation Depletion$35,806$7,824$1,306$44,936
Fees for Services Accounting-$40,833-$40,833
Insurance$20,673$4,517$755$25,945
Fees for Service Investment Mgmnt Fees-$21,193-$21,193
Pension Plan Contributions$16,871$3,686$616$21,173
Other Expenses$11,140$2,434$407$13,981
Conferences and Meetings-$2,255$2,257$4,512
All Other Expenses-$546-$546
Total Functional Expenses$1,774,887$369,504$50,325$2,194,716

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,194,716
Total Expenses per Audited Statements$2,194,716
Total Expenses per Form 990$2,194,716
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
Backup withholding compliance
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
No
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 full board of directors and the signatory officer prior to signing.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Any board member having knowledge of any violation of this policy shall promptly report such violation to the chair, the executive director, and any committee appointed to address conflicts of interest. Board members are required to review this policy and indicate compliance with this policy on an annual basis.

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

The organization determines compensation for all employees, including the executive directors, using comparability data, such process is contemporaneously documented and includes a review and approval by the chief executive officer.

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

The organization determines compensation for all employees, including the executive directors, using comparability data, such process is contemporaneously documented and includes a review and approval by the chief executive officer.

Form 990, Page 6, Part VI, 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
Old Dominion Eye Foundation Inc
EIN
54-0699616
Phone
8045607540
Address
9200 ARBORETUM PKWY SUITE 104, RICHMOND, VA 23236

Signing Officer

Name
William E Proctor
Title
Exec Director/CEO
Phone
8045607540
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William E Proctor
Formed
1962
Legal Domicile
Va
Voting Board Members
26
Independent Board Members
25
Employees
38
Volunteers
25

Preparer

Firm
Meadows Urquhart Acree & Cook Llp
Address
1802 BAYBERRY CT 102, RICHMOND, VA 23226-3773
Preparer
David C Acree CPA
Phone
8042495786
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXEC DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEDICAL DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19LEGAL COUNCI
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0129631
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GrantsPayableGrp/BOYAmt011000
IRS990/GrantsPayableGrp/EOYAmt011000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0627446
IRS990/GrossReceiptsAmt02863779
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0755
IRS990/InsuranceGrp/ManagementAndGeneralAmt04517
IRS990/InsuranceGrp/ProgramServicesAmt020673
IRS990/InsuranceGrp/TotalAmt025945
IRS990/InvestmentIncomeGrp/ExclusionAmt079016
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt079016
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02254067
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02370920
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0343535
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0143286
IRS990/LandBldgEquipBasisNetGrp/EOYAmt098350
IRS990/LandBldgEquipCostOrOtherBssAmt0441885
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0497815
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPLY HUMAN EYE TISSUE FOR TRANSPLANT/RESEARCH/TEACHING.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03705770
IRS990/NetAssetsOrFundBalancesEOYAmt03842830
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0129631
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0129631
IRS990/NetUnrlzdGainsLossesInvstAmt0-34188
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt03628
IRS990/OccupancyGrp/ManagementAndGeneralAmt021705
IRS990/OccupancyGrp/ProgramServicesAmt099336
IRS990/OccupancyGrp/TotalAmt0124669
IRS990/OfficeExpensesGrp/FundraisingAmt02090
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029588
IRS990/OfficeExpensesGrp/ProgramServicesAmt057217
IRS990/OfficeExpensesGrp/TotalAmt088895
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01937
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011592
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053053
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066582
IRS990/OtherExpensesGrp/Desc0LABORATORY SUPPLIES
IRS990/OtherExpensesGrp/Desc1PROCESSING FEES
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3ASSOCIATION DUES
IRS990/OtherExpensesGrp/FundraisingAmt0777
IRS990/OtherExpensesGrp/FundraisingAmt1407
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04652
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12434
IRS990/OtherExpensesGrp/ProgramServicesAmt0388898
IRS990/OtherExpensesGrp/ProgramServicesAmt169784
IRS990/OtherExpensesGrp/ProgramServicesAmt221289
IRS990/OtherExpensesGrp/ProgramServicesAmt311140
IRS990/OtherExpensesGrp/TotalAmt0388898
IRS990/OtherExpensesGrp/TotalAmt169784
IRS990/OtherExpensesGrp/TotalAmt226718
IRS990/OtherExpensesGrp/TotalAmt313981
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt027608
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0165171
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0755934
IRS990/OtherSalariesAndWagesGrp/TotalAmt0948713
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02454
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014683
IRS990/PayrollTaxesGrp/ProgramServicesAmt067197
IRS990/PayrollTaxesGrp/TotalAmt084334
IRS990/PensionPlanContributionsGrp/FundraisingAmt0616
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03686
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016871
IRS990/PensionPlanContributionsGrp/TotalAmt021173
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0149100
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0146300
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013163
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021475
IRS990/PrincipalOfficerNm0WILLIAM E PROCTOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EYE TISSUE PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02047138
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02047138
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127309
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt052071
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt065299
IRS990/PYOtherExpensesAmt01025234
IRS990/PYProgramServiceRevenueAmt02029315
IRS990/PYRevenuesLessExpensesAmt0-175296
IRS990/PYSalariesCompEmpBnftPaidAmt01296747
IRS990/PYTotalExpensesAmt02321981
IRS990/PYTotalRevenueAmt02146685
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0171248
IRS990/RegularMonitoringEnfrcInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.96$0.51$2.45$2.64$2.90$0.26
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.64$2.66$2.30$2.84$0.54
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.91$0.71$3.21$2.80$2.76$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.32$3.07$2.34$2.44$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.82$0.28$3.53$2.02$2.23$0.21
2020Detailed filing. Detailed filing data is available for this year.$3.45$0.19$3.26$1.81$1.94$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.82$0.17$3.65$1.84$2.11$0.27
2018Detailed filing. Detailed filing data is available for this year.$4.01$0.17$3.84$2.37$2.19$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.90$0.19$3.71$2.15$2.32$0.18
2016Summary only. Only limited summary data is available for this year.$3.92$0.22$3.69$2.37$2.37$0.00
2015Summary only. Only limited summary data is available for this year.$3.92$0.23$3.69$2.40$2.24$0.16
2014Summary only. Only limited summary data is available for this year.$3.86$0.25$3.61$2.31$2.22$0.09
2013Summary only. Only limited summary data is available for this year.$3.51$0.22$3.28$2.24$2.19$0.05
2012Summary only. Only limited summary data is available for this year.$3.36$0.32$3.05$1.83$2.00$0.17