Civic Intelligence

Southern Eye Bank

EIN 72-0502570 • 501(c)3 • Metairie, LA

View Organization Page

Profile

The southern eye bank provides corneas and eye tissues to various doctors and hospitals to restore sight and repair torn and damaged eyes.

2701 Kingman StreetMetairie, LA 70006

www.southerneyebank.com

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.04x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

10th percentile

-24%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

51st percentile

4.6%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

60%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$11,666,403

Up $508,757 (+4.6%) from 2023

Liabilities

Down

$18,168

Down $1,815 (-9.1%) from 2023

Net Assets

Up

$11,648,235

Up $510,572 (+4.6%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin10th percentile

Revenue

Up

$404,488

Up $152,096 (+60%) from 2023

Expenses

Down

$501,563

Down $187,764 (-27%) from 2023

Net Income

Up

-$97,075

Up $339,860 (+78%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

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

$15M$10M$5.0M$0Assets 2010: $5,181,869Liabilities 2010: $398,440Net Assets 2010: $4,783,4292010Assets 2011: $5,266,960Liabilities 2011: $393,571Net Assets 2011: $4,873,3892011Assets 2012: $5,878,242Liabilities 2012: $384,179Net Assets 2012: $5,494,0632012Assets 2013: $6,634,220Liabilities 2013: $19,636Net Assets 2013: $6,614,5842013Assets 2014: $7,052,914Liabilities 2014: $169,745Net Assets 2014: $6,883,1692014Assets 2015: $6,799,649Liabilities 2015: $90,579Net Assets 2015: $6,709,0702015Assets 2016: $7,202,361Liabilities 2016: $51,724Net Assets 2016: $7,150,6372016Assets 2017: $8,038,025Liabilities 2017: $112,159Net Assets 2017: $7,925,8662017Assets 2018: $7,594,467Liabilities 2018: $112,670Net Assets 2018: $7,481,7972018Assets 2019: $8,828,603Liabilities 2019: $34,225Net Assets 2019: $8,794,3782019Assets 2020: $9,439,004Liabilities 2020: $252,650Net Assets 2020: $9,186,3542020Assets 2021: $10,995,375Liabilities 2021: $47,416Net Assets 2021: $10,947,9592021Assets 2022: $10,927,141Liabilities 2022: $11,828Net Assets 2022: $10,915,3132022Assets 2023: $11,157,646Liabilities 2023: $19,983Net Assets 2023: $11,137,6632023Assets 2024: $11,666,403Liabilities 2024: $18,168Net Assets 2024: $11,648,2352024

Highlighted filing

2024

Assets$11,666,403
Liabilities$18,168
Net Assets$11,648,235
Open 2024 Filing

Operations Trend

Revenue Growth87th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,533,0142010Expenses 2011: $1,596,7772011Expenses 2012: $1,573,7982012Revenue 2013: $2,269,384Expenses 2013: $1,821,971Net Income 2013: $447,4132013Revenue 2014: $2,263,940Expenses 2014: $2,034,950Net Income 2014: $228,9902014Revenue 2015: $2,368,436Expenses 2015: $2,385,160Net Income 2015: -$16,7242015Revenue 2016: $2,547,902Expenses 2016: $2,323,481Net Income 2016: $224,4212016Revenue 2017: $2,694,298Expenses 2017: $2,420,336Net Income 2017: $273,9622017Revenue 2018: $2,790,615Expenses 2018: $2,473,511Net Income 2018: $317,1042018Revenue 2019: $2,554,331Expenses 2019: $2,291,845Net Income 2019: $262,4862019Revenue 2020: $1,791,201Expenses 2020: $1,931,149Net Income 2020: -$139,9482020Revenue 2021: $2,880,299Expenses 2021: $2,251,042Net Income 2021: $629,2572021Revenue 2022: $2,113,011Expenses 2022: $868,619Net Income 2022: $1,244,3922022Revenue 2023: $252,392Expenses 2023: $689,327Net Income 2023: -$436,9352023Revenue 2024: $404,488Expenses 2024: $501,563Net Income 2024: -$97,0752024

Highlighted filing

2024

Revenue$404,488
Expenses$501,563
Net Income-$97,075
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$11,666,403
Liabilities
$18,168
Net assets
$11,648,235
Revenue
$404,488
Expenses
$501,563
Net income
-$97,075
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$0.02$11.6$0.40$0.50$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$0.02$11.1$0.25$0.69$0.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$0.01$10.9$2.11$0.87$1.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.0$0.05$10.9$2.88$2.25$0.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.44$0.25$9.19$1.79$1.93$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$0.03$8.79$2.55$2.29$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.59$0.11$7.48$2.79$2.47$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.04$0.11$7.93$2.69$2.42$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.20$0.05$7.15$2.55$2.32$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.80$0.09$6.71$2.37$2.39$0.02
2014Detailed filing. Detailed filing data is available for this year.$7.05$0.17$6.88$2.26$2.03$0.23
2013Detailed filing. Detailed filing data is available for this year.$6.63$0.02$6.61$2.27$1.82$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.88$0.38$5.49$1.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.39$4.87$1.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$0.40$4.78$1.53
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.0
Gross Receipts
$3,525,037
Mission and Program Overview

Mission

The southern eye bank foundation supports the greater new orleans foundation (gnof), a community foundation, and other public charities that promote and achieve the goals of gnof, which goals include the enrichment of life in the greater new orleans (continued on sch. O) area by serving as a conduit for donations dedicated to improve the community, and particularly, non-profit organizations that work to support the enhancement of vision and eyecare and related services for residents in southeast louisiana.

The southern eye bank provides corneas and eye tissues to various doctors and hospitals to restore sight and repair torn and damaged eyes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,945,981$7,182,231▲ $1,236,250
Land, Buildings, and Equipment, Net$1,090,187$1,052,103▼ $38,084
Accounts Receivable$409,707$373,655▼ $36,052
Cash and Non-Interest-Bearing Accounts$147,375$219,397▲ $72,022
Prepaid Expenses and Deferred Charges$1,217$1,217→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,594,467$8,828,603▲ $1,234,136
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$112,669$34,224▼ $78,445
Other Liabilities$1$1→ $0
Total Liabilities$112,670$34,225▼ $78,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,481,797$8,794,378▲ $1,312,581
Total Net Assets Fund Balance$7,481,797$8,794,378▲ $1,312,581
Total Liabilities and Net Assets / Fund Balance$7,594,467$8,828,603▲ $1,234,136

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$459,753$100,590$560,343
Buildings$333,475$117,588$451,063
Equipment$64,918$240,545$305,463
Land$192,000-$192,000
Other Land Buildings$1,957$15,664$17,621

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,896,448$2,031▲ $1,316,854-$7,182,231
2018$6,226,320$2,006▼ $299,243-$5,896,448
2017$5,559,456$2,017▲ $695,113-$6,226,320
2016$5,217,907$2,004▲ $368,232-$5,559,456
2015$5,372,089$1,927▼ $97,434-$5,217,907
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Clifford a Hendricks Iii MdCo Chief Med DrPT$20,000$20,000
Pulin Shah MdCo Chief Med DrPT$20,000$20,000

Board Members and Trustees

NameTitle
Peter SperlingPresident
Father James CarterVice President
Antonio Barrios Md MphDirector
Belva Misshore-pichonDirector
Bruce BarronDirector
Charles F Seemann IiiDirector
Cle DabeziesDirector
David KennedyDirector
Ginny KullmanDirector
Judge Camille Buras-tifftDirector
Maria Bernal MdDirector
Peter R Kastl MdDirector
Rebecca Metzinger MdDirector
Delmar CaldwellEmeritus
Diana RachalEmeritus
Herbert KaufmanEmeritus
Joseph C ThompsonEmeritus
Miles Friedlander MdEmeritus
Patrick M Kingsmill JdEmeritus
Maurice Gaudet IvSecretary
Robert J Mora CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Advanced Sight NetworkManagement Services500 ROBERT JEMISON ROAD, Birmingham, AL 35209$153,336
Revenue and Support

Revenue Composition

Contributions and Grants
$4,524
Program Service Revenue
$2,328,515
Investment Income
$221,292
Other Revenue
$0
All Other Contributions
$4,524
Change in Net Assets
$262,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,554,331
Revenue Not Reported on Form 990
$1,050,095
Total Revenue per Audited Statements
$3,604,426
Total Revenue per Form 990
$2,554,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,124,212
Salaries, Compensation, and Employee Benefits$1,091,108
Grants and Similar Amounts Paid$76,525
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$761,804$72,603-$834,407
Fees for Services Management$153,336--$153,336
All Other Expenses$149,423--$149,423
Other Employee Benefits$105,453$11,717-$117,170
Advertising$100,548--$100,548
Travel$94,241--$94,241
Office Expenses$92,079--$92,079
Grants to Domestic Orgs$76,525--$76,525
Other Expenses$75,064--$75,064
Payroll Taxes$59,581$6,620-$66,201
Current Officers, Directors, Trustees, and Key Employees$40,000--$40,000
Depreciation Depletion$38,084--$38,084
Insurance$37,104--$37,104
Pension Plan Contributions$29,997$3,333-$33,330
Fees for Service Investment Mgmnt Fees-$33,102-$33,102
Fees for Services Accounting-$30,587-$30,587
Occupancy$22,077--$22,077
Fees for Services Legal$2,275--$2,275
Total Functional Expenses$2,133,883$157,962$0$2,291,845

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,291,845
Total Expenses per Audited Statements$2,291,845
Total Expenses per Form 990$2,291,845
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Louisiana Childrens MuseumNew Orleans, LA-Exhibit$41,500
St Thomas Community Health CtNew Orleans, LA-Community Service$15,000
International Eye InstituteCoeurdalene, ID-Mission Trip$10,000
Childrens Museum of AcadianaLafayette, LA-Exhibit$5,025
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
Clifford a Hendricks IiiDirectorCo-medical DirectorNo$20,000
Pulin Shah MdDirectorCo-medical DirectorNo$20,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Board review of compensation of employees is done annually. Because it is a budget item the board reviews all employees salaries. This is documented in the board minutes. The board meets quarterly.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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

Filing and Contact Details

Filer

Filer Name
Southern Eye Bank
EIN
72-0502570
Phone
5048913937
Address
2701 KINGMAN STREET, METAIRIE, LA 70006

Signing Officer

Name
Robert J Mora CPA
Title
Treasurer
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert J Mora CPA
Formed
1947
Legal Domicile
La
Voting Board Members
17
Independent Board Members
17
Employees
22

Preparer

Firm
Reginald a Bresette Iii LLC
Address
820 LAFITTE ST STE 105, MANDEVILLE, LA 70448
Preparer
Reginald a Bresette
Phone
9858821600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The organization's finance committee assumes responsibility for oversight of audit and selection of independent accountant.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The purpose of the endowment fund is to provide a perpetual source of money to assure the future growth and health of southern eye bank. This includes future viablity of the lab.”

Part X : FIN48 Footnote

“Uncertain Tax PositionsThe organization recognizes the financial impact of a tax position when it is more likely than not that the position will be sustained upon examination. As of December 31, 2019, the organization did not have any uncertain tax positions. Tax years ended December 31, 2016 and later remain subject to examination by taxing authorities.”

Raw XML AppendixShowing 400 of 699 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.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt0373655
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IRS990/BooksInCareOfDetail/USAddress/CityNm0METAIRIE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
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IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
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IRS990/Desc0THE SOUTHERN EYE BANK PROVIDES CORNEAS AND EYE TISSUES TO VARIOUS DOCTORS AND HOSPITALS TO RESTORE SIGHT AND REPAIR TORN AND DAMAGED EYES. TOTAL OF 1,528 EYE CORNEAS AND TISSUES WERE RECEIVED FROM 685 ORGAN DONORS. 828 USED FOR TRANSPLANT. 257 USED FOR TRAINING AND RESEARCH. THERE WERE 34 TRANSPLANTS FROM IMPORTED TISSUE. THERE WERE 152 SCLERA TRANSPLANTS.
IRS990/DescribedInSection501c3Ind0true
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