Civic Intelligence

The North Carolina Eye Bank Inc

990 • Fiscal year 2018 • EIN 56-0628753

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

3900 Westpoint Boulevard Suite FWinston Salem, NC 27103-3903

(336) 765-0932

Siviq Scores

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

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.06x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

11th percentile

-18%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$308,486

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

10th percentile

-9.5%

Faster asset growth than 10% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-8.4%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Down

$19,301,756

Down $2,020,499 (-9.5%) from 2017

Net Assets

Down

$18,716,839

Down $2,013,403 (-9.7%) from 2017

Liabilities

Down

$584,917

Down $7,096 (-1.2%) from 2017

Revenue

Down

$9,083,983

Down $830,634 (-8.4%) from 2017

Expenses

Up

$10,704,420

Up $1,239,511 (+13%) from 2017

Net Income

Down

-$1,620,437

Down $2,070,145 (-460%) from 2017

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $10,754,964Liabilities 2011: $630,953Net Assets 2011: $10,124,0112011Assets 2012: $13,409,619Liabilities 2012: $554,938Net Assets 2012: $12,854,6812012Assets 2013: $17,111,374Liabilities 2013: $665,793Net Assets 2013: $16,445,5812013Assets 2014: $20,257,787Liabilities 2014: $804,169Net Assets 2014: $19,453,6182014Assets 2015: $21,260,700Liabilities 2015: $593,587Net Assets 2015: $20,667,1132015Assets 2016: $20,739,913Liabilities 2016: $571,208Net Assets 2016: $20,168,7052016Assets 2017: $21,322,255Liabilities 2017: $592,013Net Assets 2017: $20,730,2422017Assets 2018: $19,301,756Liabilities 2018: $584,917Net Assets 2018: $18,716,8392018Assets 2019: $20,295,426Liabilities 2019: $647,511Net Assets 2019: $19,647,9152019Assets 2020: $22,057,527Liabilities 2020: $1,557,229Net Assets 2020: $20,500,2982020Assets 2021: $25,282,806Liabilities 2021: $1,730,799Net Assets 2021: $23,552,0072021Assets 2022: $21,744,242Liabilities 2022: $971,118Net Assets 2022: $20,773,1242022Assets 2023: $23,742,418Liabilities 2023: $1,190,579Net Assets 2023: $22,551,8392023Assets 2024: $21,173,627Liabilities 2024: $1,114,982Net Assets 2024: $20,058,6452024

Highlighted filing

2018

Assets$19,301,756
Liabilities$584,917
Net Assets$18,716,839

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $7,838,102Expenses 2011: $6,061,962Net Income 2011: $1,776,1402011Revenue 2012: $9,338,847Expenses 2012: $6,882,362Net Income 2012: $2,456,4852012Revenue 2013: $9,874,359Expenses 2013: $7,669,343Net Income 2013: $2,205,0162013Revenue 2014: $9,979,161Expenses 2014: $7,622,922Net Income 2014: $2,356,2392014Revenue 2015: $10,715,700Expenses 2015: $9,228,535Net Income 2015: $1,487,1652015Revenue 2016: $10,287,456Expenses 2016: $11,092,665Net Income 2016: -$805,2092016Revenue 2017: $9,914,617Expenses 2017: $9,464,909Net Income 2017: $449,7082017Revenue 2018: $9,083,983Expenses 2018: $10,704,420Net Income 2018: -$1,620,4372018Revenue 2019: $12,092,850Expenses 2019: $11,161,774Net Income 2019: $931,0762019Revenue 2020: $11,460,025Expenses 2020: $10,607,642Net Income 2020: $852,3832020Revenue 2021: $15,112,420Expenses 2021: $12,060,711Net Income 2021: $3,051,7092021Revenue 2022: $10,730,866Expenses 2022: $13,509,748Net Income 2022: -$2,778,8822022Revenue 2023: $16,603,118Expenses 2023: $14,824,403Net Income 2023: $1,778,7152023Revenue 2024: $14,310,108Expenses 2024: $15,479,301Net Income 2024: -$1,169,1932024

Highlighted filing

2018

Revenue$9,083,983
Expenses$10,704,420
Net Income-$1,620,437
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$9,083,983
Mission and Program Overview

Mission

The mission of the north carolina eye bank inc d/b/a miracles in sight is to support the restoration, preservation, and enhancement of sight through transplant, research, education and innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,591,040$11,498,950▲ $907,910
Land, Buildings, and Equipment, Net$1,447,270$1,557,712▲ $110,442
Savings and Temporary Cash Investments$2,381,495$1,533,742▼ $847,753
Intangible Assets$1,526,973$1,526,973→ $0
Accounts Receivable$1,628,876$1,378,259▼ $250,617
Cash and Non-Interest-Bearing Accounts$897,736$643,130▼ $254,606
Prepaid Expenses and Deferred Charges$129,863$181,617▲ $51,754
Inventories for Sale or Use$96,747$93,109▼ $3,638
Total Assets$21,322,255$19,301,756▼ $2,020,499
Other Assets Total$2,622,255$888,264▼ $1,733,991
Liabilities
Accounts Payable and Accrued Expenses$492,013$582,417▲ $90,404
Other Liabilities$100,000$2,500▼ $97,500
Total Liabilities$592,013$584,917▼ $7,096
Net Assets / Fund Balance
Unrestricted Net Assets$20,730,242$18,716,839▼ $2,013,403
Total Net Assets Fund Balance$20,730,242$18,716,839▼ $2,013,403
Total Liabilities and Net Assets / Fund Balance$21,322,255$19,301,756▼ $2,020,499

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,327,748$2,250,608$3,578,356
Other Land Buildings$86,260$443,620$529,880
Leasehold Improvements$143,704$355,247$498,951
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dean VavraPresident &FT$275,768$32,718$308,486
Dean VavraPresident & CEO-$275,000$33,486$308,486
Brenda HornVP of BusineFT$147,345$17,612$164,957
Brenda HornVP of Business-$142,925$22,032$164,957
Bobby Russ JrDirector ofFT$115,682$21,477$137,159
Mike TramberVP of OperatFT$115,682$19,523$135,205
Gay WilsonDirector ofFT$115,682$18,467$134,149
Ingrid ShunderVP of RecoveFT$106,669$22,774$129,443

Board Members and Trustees

NameTitle
Rupe GillChair
Jennifer DalmanVice Chair
Bailey Liipfert IiiDirector
Brett ParkisDirector
David BarnwellDirector
Mike MackayDirector
David Tremblay MdMedical Dire
Jan Frye HillSecretary
Robert Enzenauer MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,380
Program Service Revenue
$10,499,894
Investment Income
$333,821
Other Revenue
$-1,751,112
All Other Contributions
$1,380
Change in Net Assets
$-1,620,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,346,986
Other Expenses$5,230,234
Grants and Similar Amounts Paid$127,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,511,966$355,287-$3,867,253
All Other Expenses$787,721$103,710-$891,431
Other Employee Benefits$574,475$83,496-$657,971
Depreciation Depletion$390,781$53,811-$444,592
Other Expenses$375,919--$375,919
Occupancy$296,462$42,178-$338,640
Information Technology$260,908$34,862-$295,770
Payroll Taxes$256,893$37,479-$294,372
Current Officers, Directors, Trustees, and Key Employees-$275,768-$275,768
Pension Plan Contributions$209,023$42,599-$251,622
Fees for Services Legal$93,208$134,606-$227,814
Travel$184,894$38,870-$223,764
Advertising$180,639$800-$181,439
Office Expenses$107,101$46,679-$153,780
Conferences and Meetings$124,201$13,785-$137,986
Grants to Domestic Orgs$127,200--$127,200
Insurance$60,816$25,848-$86,664
Fees for Services Other$8,629$32,696-$41,325
Fees for Services Accounting-$26,000-$26,000
Total Functional Expenses$9,355,946$1,348,474$0$10,704,420
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Musc FoundationCharleston, SC501c3Storm Eye Fellow$75,000
Unc Dept of OphthalmologyChapel Hill, NC501c3Corneal Fellow$50,000
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberDisease ConsultingNo$37,800
-Board MemberCorneal Tisse FeesNo$33,800
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unconditional Promises to Give$2,500
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
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 director of finance and administration and executive director of the organization review the form 990 then it is sent electronically to the board audit committee chair and finance committee for final review and approval

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

The board directs the organization's administrative office to compile any potential conflicts of interest through inquiry of applicable parties. The compiled reports, if any, are reviewed by the board chair at least annually.

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

The board reviews the compensation of the executive director. A third party review with comparability data and contemporaneous substantiation was performed and provided to the personnel committee of the board of directors in 2015 and 2018.

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

The executive director reviews and approves the compensation of all other key employees of the organization.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents, conflict of interest policy and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
The North Carolina Eye Bank Inc
EIN
56-0628753
Phone
3367650932
Address
3900 WESTPOINT BOULEVARD SUITE F, WINSTON SALEM, NC 27103-3903
Doing Business As
Miracles in Sight

Signing Officer

Name
Dean Vavra
Title
President & CEO
Phone
3397650932
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rupe Gill
Formed
1951
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
88

Preparer

Firm
Gray Callison & Jones CPA Pc
Address
3813 FORRESTGATE DR, WINSTON SALEM, NC 27103
Preparer
Ernest V Logemann
Phone
3367603210
Supplemental Narrative

Additional Explanations

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

365,179 quality systems & regulatory affairs - is responsible for the formulation and implementation of policies and procedures related to donor screening, tissue recovery, tissue preservation and suitability of tissue for use. They oversee staff training and competency testing, compliance with industry medical standards and applicable state or federal regulations. --- 2,110,866 business development - pursues and maintains current knowledge regarding ophthalmological surgical trends and emerging techniques and cultivates and strengthens relationships with surgeons and other pertinent professionals by providing ongoing education, customized support, and timely communication. Promotes mis core and speciality services and works in conjunction with clinical services to optimize distribution outlets as identified in the mis strategic plan. --- 13,238 research and development - performs investigative activities to improve mis existing products, processes and services. Support the organization's growth by vetting and managing the development of new products and services used in the ophthalmologic industry. --- 765,859 professional development - provides professional and public information, education, and training including funding to other nonprofits to further promote and achieve these activities. This program works closely with hospitals, hospice, and funeral homes to ensure the donor and family wishes for donation are achieved. They participate in and support donate life north carolina, which is the public education group for the state.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization and affiliate are exempt from federal income tax under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The organization files its income tax return in the u.s. Federal jurisdiction. For tax years after 2016, the organization's tax returns remain subject to examination by applicable tax jurisdictions. In the normal course of business, the organization is subject to examination by various tax authorities. Although the outcome of tax audits is always uncertain, the organization believes that there are no significant unrecognized tax liabilities at december 31, 2018.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT &
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0365,179 QUALITY SYSTEMS & REGULATORY AFFAIRS - IS RESPONSIBLE FOR THE FORMULATION AND IMPLEMENTATION OF POLICIES AND PROCEDURES RELATED TO DONOR SCREENING, TISSUE RECOVERY, TISSUE PRESERVATION AND SUITABILITY OF TISSUE FOR USE. THEY OVERSEE STAFF TRAINING AND COMPETENCY TESTING, COMPLIANCE WITH INDUSTRY MEDICAL STANDARDS AND APPLICABLE STATE OR FEDERAL REGULATIONS. --- 2,110,866 BUSINESS DEVELOPMENT - PURSUES AND MAINTAINS CURRENT KNOWLEDGE REGARDING OPHTHALMOLOGICAL SURGICAL TRENDS AND EMERGING TECHNIQUES AND CULTIVATES AND STRENGTHENS RELATIONSHIPS WITH SURGEONS AND OTHER PERTINENT PROFESSIONALS BY PROVIDING ONGOING EDUCATION, CUSTOMIZED SUPPORT, AND TIMELY COMMUNICATION. PROMOTES MIS CORE AND SPECIALITY SERVICES AND WORKS IN CONJUNCTION WITH CLINICAL SERVICES TO OPTIMIZE DISTRIBUTION OUTLETS AS IDENTIFIED IN THE MIS STRATEGIC PLAN. --- 13,238 RESEARCH AND DEVELOPMENT - PERFORMS INVESTIGATIVE ACTIVITIES TO IMPROVE MIS EXISTING PRODUCTS, PROCESSES AND SERVICES. SUPPORT THE ORGANIZATION'S GROWTH BY VETTING AND MANAGING THE DEVELOPMENT OF NEW PRODUCTS AND SERVICES USED IN THE OPHTHALMOLOGIC INDUSTRY. --- 765,859 PROFESSIONAL DEVELOPMENT - PROVIDES PROFESSIONAL AND PUBLIC INFORMATION, EDUCATION, AND TRAINING INCLUDING FUNDING TO OTHER NONPROFITS TO FURTHER PROMOTE AND ACHIEVE THESE ACTIVITIES. THIS PROGRAM WORKS CLOSELY WITH HOSPITALS, HOSPICE, AND FUNERAL HOMES TO ENSURE THE DONOR AND FAMILY WISHES FOR DONATION ARE ACHIEVED. THEY PARTICIPATE IN AND SUPPORT DONATE LIFE NORTH CAROLINA, WHICH IS THE PUBLIC EDUCATION GROUP FOR THE STATE.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.2$1.11$20.1$14.3$15.5$1.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$1.19$22.6$16.6$14.8$1.78
2022Detailed filing. Detailed filing data is available for this year.$21.7$0.97$20.8$10.7$13.5$2.78
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.3$1.73$23.6$15.1$12.1$3.05
2020Detailed filing. Detailed filing data is available for this year.$22.1$1.56$20.5$11.5$10.6$0.85
2019Detailed filing. Detailed filing data is available for this year.$20.3$0.65$19.6$12.1$11.2$0.93
2018Detailed filing. Detailed filing data is available for this year.$19.3$0.58$18.7$9.08$10.7$1.62
2017Detailed filing. Detailed filing data is available for this year.$21.3$0.59$20.7$9.91$9.46$0.45
2016Detailed filing. Detailed filing data is available for this year.$20.7$0.57$20.2$10.3$11.1$0.81
2015Detailed filing. Detailed filing data is available for this year.$21.3$0.59$20.7$10.7$9.23$1.49
2014Summary only. Only limited summary data is available for this year.$20.3$0.80$19.5$9.98$7.62$2.36
2013Summary only. Only limited summary data is available for this year.$17.1$0.67$16.4$9.87$7.67$2.21
2012Summary only. Only limited summary data is available for this year.$13.4$0.55$12.9$9.34$6.88$2.46
2011Summary only. Only limited summary data is available for this year.$10.8$0.63$10.1$7.84$6.06$1.78