Civic Intelligence

Georgia Eye Bank Inc

EIN 58-1371513 • 501(c)3 • Atlanta, GA

View Organization Page

Profile

In the fight against blindness and visual impairment, georgia eye bank, inc. Recovers, processes and provides donor eye tissue for eye surgeries and eye research studies. In addition, georgia eye bank, inc. Promotes and provides education pertaining to eye donation.

5605 Glenridge Dr Ste 250Atlanta, GA 30342

www.georgiaeyebank.org

Siviq Scores

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

Liabilities / Assets

39th percentile

0.12x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.36x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

67th percentile

$342,798

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

29th percentile

-1.1%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$21,094,683

Up $1,240,602 (+6.2%) from 2022

Liabilities

Down

$3,548,947

Down $195,534 (-5.2%) from 2022

Net Assets

Up

$17,545,736

Up $1,436,136 (+8.9%) from 2022

Operations
Liabilities / Revenue57th percentileNet Margin66th percentile

Revenue

Up

$9,500,385

Up $2,827,386 (+42%) from 2022

Expenses

Up

$7,052,699

Up $747,831 (+12%) from 2022

Net Income

Up

$2,447,686

Up $2,079,555 (+565%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

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

$30M$20M$10M$0Assets 2011: $6,249,227Liabilities 2011: $563,531Net Assets 2011: $5,685,6962011Assets 2012: $7,294,148Liabilities 2012: $567,425Net Assets 2012: $6,726,7232012Assets 2013: $8,459,306Liabilities 2013: $659,314Net Assets 2013: $7,799,9922013Assets 2014: $9,749,894Liabilities 2014: $558,361Net Assets 2014: $9,191,5332014Assets 2015: $10,351,332Liabilities 2015: $561,103Net Assets 2015: $9,790,2292015Assets 2016: $11,505,782Liabilities 2016: $578,976Net Assets 2016: $10,926,8062016Assets 2017: $12,824,993Liabilities 2017: $631,486Net Assets 2017: $12,193,5072017Assets 2018: $13,652,029Liabilities 2018: $609,817Net Assets 2018: $13,042,2122018Assets 2019: $15,462,250Liabilities 2019: $592,613Net Assets 2019: $14,869,6372019Assets 2020: $17,460,985Liabilities 2020: $604,765Net Assets 2020: $16,856,2202020Assets 2021: $18,619,601Liabilities 2021: $722,543Net Assets 2021: $17,897,0582021Assets 2022: $19,854,081Liabilities 2022: $3,744,481Net Assets 2022: $16,109,6002022Assets 2023: $21,094,683Liabilities 2023: $3,548,947Net Assets 2023: $17,545,7362023

Highlighted filing

2023

Assets$21,094,683
Liabilities$3,548,947
Net Assets$17,545,736
Open 2023 Filing

Operations Trend

Revenue Growth29th percentile

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

$10M$5.0M$0Revenue 2011: $4,507,826Expenses 2011: $3,849,398Net Income 2011: $658,4282011Expenses 2012: $3,900,3802012Revenue 2013: $5,089,241Expenses 2013: $4,141,575Net Income 2013: $947,6662013Revenue 2014: $5,761,019Expenses 2014: $4,756,447Net Income 2014: $1,004,5722014Revenue 2015: $5,804,779Expenses 2015: $5,236,283Net Income 2015: $568,4962015Revenue 2016: $6,263,126Expenses 2016: $5,367,823Net Income 2016: $895,3032016Revenue 2017: $6,398,768Expenses 2017: $5,514,310Net Income 2017: $884,4582017Revenue 2018: $6,744,200Expenses 2018: $5,646,474Net Income 2018: $1,097,7262018Revenue 2019: $6,844,999Expenses 2019: $5,942,190Net Income 2019: $902,8092019Revenue 2020: $6,717,667Expenses 2020: $5,730,566Net Income 2020: $987,1012020Revenue 2021: $6,754,621Expenses 2021: $5,925,184Net Income 2021: $829,4372021Revenue 2022: $6,672,999Expenses 2022: $6,304,868Net Income 2022: $368,1312022Revenue 2023: $9,500,385Expenses 2023: $7,052,699Net Income 2023: $2,447,6862023

Highlighted filing

2023

Revenue$9,500,385
Expenses$7,052,699
Net Income$2,447,686
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$21,094,683
Liabilities
$3,548,947
Net assets
$17,545,736
Revenue
$9,500,385
Expenses
$7,052,699
Net income
$2,447,686
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$21.1$3.55$17.5$9.50$7.05$2.45
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$3.74$16.1$6.67$6.30$0.37
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$0.72$17.9$6.75$5.93$0.83
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$0.60$16.9$6.72$5.73$0.99
2019Summary only. Only limited summary data is available for this year.$15.5$0.59$14.9$6.84$5.94$0.90
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$0.61$13.0$6.74$5.65$1.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$0.63$12.2$6.40$5.51$0.88
2016Summary only. Only limited summary data is available for this year.$11.5$0.58$10.9$6.26$5.37$0.90
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.56$9.79$5.80$5.24$0.57
2014Summary only. Only limited summary data is available for this year.$9.75$0.56$9.19$5.76$4.76$1.00
2013Detailed filing. Detailed filing data is available for this year.$8.46$0.66$7.80$5.09$4.14$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.29$0.57$6.73$3.90
2011Summary only. Only limited summary data is available for this year.$6.25$0.56$5.69$4.51$3.85$0.66
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 7, 2021
Return Version
2020v4.0
Gross Receipts
$8,477,787
Mission and Program Overview

Mission

Improving vision and lives through transplantation of ocular tissue and cells, innovation, research, education, and collaboration to advance treatments and patient outcomes.

In the fight against blindness and visual impairment, georgia eye bank, inc. Recovers, processes and provides donor eye tissue for eye surgeries and eye research studies. In addition, georgia eye bank, inc. Promotes and provides education pertaining to eye donation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,369,157$10,448,666▲ $1,079,509
Cash and Non-Interest-Bearing Accounts$3,986,402$5,069,146▲ $1,082,744
Accounts Receivable$912,509$954,553▲ $42,044
Land, Buildings, and Equipment, Net$689,939$534,599▼ $155,340
Savings and Temporary Cash Investments$264,134$268,872▲ $4,738
Prepaid Expenses and Deferred Charges$240,109$185,149▼ $54,960
Total Assets$15,462,250$17,460,985▲ $1,998,735
Liabilities
Other Liabilities$325,905$362,996▲ $37,091
Accounts Payable and Accrued Expenses$266,708$241,769▼ $24,939
Total Liabilities$592,613$604,765▲ $12,152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,669,637$16,656,220▲ $1,986,583
Net Assets With Donor Restrictions$200,000$200,000→ $0
Total Net Assets Fund Balance$14,869,637$16,856,220▲ $1,986,583
Total Liabilities and Net Assets / Fund Balance$15,462,250$17,460,985▲ $1,998,735

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$99,887$698,693$798,580
Other Land Buildings$179,961$283,701$463,662
Leasehold Improvements$254,751$184,490$439,241

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$200,000-▲ $2,250$-2,250$200,000
2019$200,000-▲ $3,929$-3,929$200,000
2018$200,000-▲ $4,126$-4,126$200,000
2017$200,000-▲ $15,667$-15,667$200,000
2016$200,000-▲ $9,651$-9,651$200,000
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleBaseOtherTotal
Eric E MeineckePres/CEO/tru$238,404$44,547$282,951
Eric E MeineckePres/CEO/trustee$183,404$99,547$282,951
David a ThompsonChief Fin Ad$171,385$33,610$204,995
David a ThompsonChief Fin Admin Ofcr$145,385$59,610$204,995
Saira QuraishyMgr, Tech Op$117,431$25,503$142,934
Susan LittlefieldMgr, Quality$107,116$23,923$131,039
Janice SedgwickMgr. Public$101,462$23,086$124,548
Bruce H VarnumChair/truste-$30,000$30,000

Board Members and Trustees

NameTitle
Farish WheelerTrustee
G Barry LacyTrustee
Joseph GuerrisiTrustee
Matthew HudginsTrustee
R Doyle Stulting Md PhdTrustee
Richard L ShackelfordTrustee
Terence G NormanTrustee
Vanessa-lauren MassieTrustee
William Barry Lee MdTrustee
Bruce L DickSecretary/tr
Russell G ThorntonTreasurer/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$717,438
Program Service Revenue
$5,649,932
Investment Income
$350,297
Other Revenue
$0
All Other Contributions
$108,938
Change in Net Assets
$987,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,699,073
Revenue Not Reported on Financial Statements
$18,594
Revenue Not Reported on Form 990
$999,482
Total Revenue per Audited Statements
$7,698,555
Total Revenue per Form 990
$6,717,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,026,342
Other Expenses$2,704,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,584,337$284,426-$1,868,763
Current Officers, Directors, Trustees, and Key Employees$347,418$62,370-$409,788
Occupancy$374,657$19,719-$394,376
All Other Expenses$311,953$81,144-$393,097
Pension Plan Contributions$281,152$50,473-$331,625
Fees for Services Other$323,744$1,195-$324,939
Other Employee Benefits$205,925$36,968-$242,893
Payroll Taxes$146,901$26,372-$173,273
Other Expenses$160,941--$160,941
Depreciation Depletion$147,573$7,767-$155,340
Insurance$42,060$2,214-$44,274
Office Expenses$39,807$2,096-$41,903
Fees for Services Accounting-$29,176-$29,176
Fees for Service Investment Mgmnt Fees-$18,594-$18,594
Travel$5,207$274-$5,481
Total Functional Expenses$5,107,778$622,788$0$5,730,566

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,730,566
Expenses per Audited Statements$5,711,972
Total Expenses per Audited Statements$5,711,972
Expenses Not Reported on Financial Statements$18,594
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
William Barry Lee MdTrusteeSee Info BelowNo$1,295,440
R Doyle Stulting Md PhdTrusteeSee Info BelowNo$172,900
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Retirement Plan Contribution$331,626
Accrued Rent$31,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 11B

“The board reviews a draft of the form 990 at the first board meeting after its preparation and before it is finalized and filed.”

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

“Each board of trustees member completes and signs the conflict of interest policy annually. As new board of trustee members come on board they complete it as well.”

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

“Compensation is reviewed and approved by the governing board.”

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

“Compensations are reviewed and approved by the governing board.”

Form 990, Page 6, Part VI, Line 19

“All governing documents, policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Georgia Eye Bank Inc
EIN
58-1371513
Phone
4042641900
Address
5605 GLENRIDGE DR STE 250, ATLANTA, GA 30342

Signing Officer

Name
Eric E Meinecke
Title
Pres/CEO/trustee
Phone
4042641900
Signed
2021-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric E Meinecke
Formed
1979
Legal Domicile
Ga
Voting Board Members
13
Independent Board Members
9
Employees
39
Volunteers
24

Preparer

Firm
Brooks Mcginnis & Company LLC
Address
5607 GLENRIDGE DR STE 650, ATLANTA, GA 30342-4959
Preparer
Jack L Mcginnis
Phone
4045314940
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“In the fight against blindness and visual impairment, georgia eye bank, inc. Recovers, processes and provides donor eye tissue for eye surgeries and eye research studies. In addition, georgia eye bank, inc. Promotes and provides education pertaining to eye donation.”

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

“Georgia eye bank, inc. Provides education and training regarding eye, organ and tissue donation to medical professionals, coroners/medical examiners and funeral home personnel. Donation awareness and public education are crticial components of the georgia eye bank mission. Non-transplantable tissues were provided for education, research and surgical training. Georgia eye bank, inc. Believes strongly that everyone in need should receive the gift of sight. Without compromising service, tissue availability or recipient safety within its service area, georgia eye bank, inc. Also supports international efforts to cure corneal blindness. From helping develop sustainable eye banks in other countries to providing low cost or gratis tissue to those in need, georgia eye bank, inc. Is dramatically impacting the lives of people around the world. To accomplish its mission, the eye bank depends on the generosity of financial donors and actively pursues foundation and corporation support for its activities.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Interest if available is used to offset cost of reduced fee tissue.”

Schedule D, Page 3, Part X

“The eye bank is exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Income from certain activities not directly related to the eye bank's tax-exempt purpose is subject to taxation as unrelated business income. For the years ended december 31, 2020 and 2019, the eye bank did not have any unrelated business income, and accordingly, no unrelated business income tax. The eye bank believes it has appropriate support for any tax positions taken that are material to the financial statements. The applicable federal and state tax forms are subject to examination by the appropriate regulatory authorities, and the returns are typically open for the last three years.”

Raw XML AppendixShowing 400 of 583 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/ActivityOrMissionDesc0IN THE FIGHT AGAINST BLINDNESS AND VISUAL IMPAIRMENT, GEORGIA EYE BANK, INC. RECOVERS, PROCESSES AND PROVIDES DONOR EYE TISSUE FOR EYE SURGERIES AND EYE RESEARCH STUDIES. IN ADDITION, GEORGIA EYE BANK, INC. PROMOTES AND PROVIDES EDUCATION PERTAINING TO EYE DONATION.
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IRS990/Desc0IN THE FIGHT AGAINST BLINDNESS AND VISUAL IMPAIRMENT, GEORGIA EYE BANK, INC. RECOVERS, PROCESSES, AND PROVIDES DONOR EYE TISSUE FOR TRANSPLANT AND RESEARCH. THE EYE BANK ALSO PROMOTES AND PROVIDES EDUCATION PERTAINING TO EYE DONATION. IN 2020, THE EYE BANK PROVIDED OVER 1,600 SIGHT-RESTORING CORNEAS FOR TRANSPLANT, MANY OF WHICH WERE PROVIDED FOR A REDUCED PROCESSING REIMBURSEMENT OR GRATIS. REGISTERED WITH THE U.S. FOOD & DRUG ADMINISTRATION AND ACCREDITED BY THE EYE BANK ASSOCIATION OF AMERICA, GEORGIA EYE BANK, INC. OPERATES UNDER STRICT MEDICAL, ETHICAL AND PROFESSIONAL STANDARDS.
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