Civic Intelligence

Hermann Eye Fund

990 • Fiscal year 2023 • EIN 74-2145014

Aug 01, 2022 to Jul 31, 2023 • Filed on Feb 03, 2025

Organization ProfileN/A
6400 Fannin St Suite 1800Houston, TX 77030

(713) 500-3804

Siviq Scores

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

Liabilities / Assets

39th percentile

0.13x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

2.02x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

40th percentile

0.8%

Higher net margin than 40% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

22nd percentile

-1.8%

Faster asset growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-60%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$30,605,731

Down $546,959 (-1.8%) from 2022

Net Assets

Down

$26,748,531

Down $4,404,159 (-14%) from 2022

Liabilities

Up

$3,857,200

Up $3,857,200 from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin40th percentile

Revenue

Down

$1,909,876

Down $2,890,294 (-60%) from 2022

Expenses

Down

$1,895,345

Down $535,053 (-22%) from 2022

Net Income

Down

$14,531

Down $2,355,241 (-99%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$40M$30M$20M$10M$0Assets 2011: $18,181,183Liabilities 2011: $1,638,060Net Assets 2011: $16,543,1232011Assets 2012: $19,003,615Liabilities 2012: $1,629,347Net Assets 2012: $17,374,2682012Assets 2013: $21,107,905Liabilities 2013: $1,456,581Net Assets 2013: $19,651,3242013Assets 2014: $20,046,408Liabilities 2014: $1,253,931Net Assets 2014: $18,792,4772014Assets 2015: $20,022,610Liabilities 2015: $937,480Net Assets 2015: $19,085,1302015Assets 2016: $16,857,600Liabilities 2016: $666,099Net Assets 2016: $16,191,5012016Assets 2017: $17,381,972Liabilities 2017: $426,099Net Assets 2017: $16,955,8732017Assets 2018: $16,954,411Liabilities 2018: $0Net Assets 2018: $16,954,4112018Assets 2019: $36,060,472Liabilities 2019: $0Net Assets 2019: $36,060,4722019Assets 2021: $36,488,074Liabilities 2021: $0Net Assets 2021: $36,488,0742021Assets 2022: $31,152,690Liabilities 2022: $0Net Assets 2022: $31,152,6902022Assets 2023: $30,605,731Liabilities 2023: $3,857,200Net Assets 2023: $26,748,5312023Assets 2024: $28,160,900Liabilities 2024: $0Net Assets 2024: $28,160,9002024

Highlighted filing

2023

Assets$30,605,731
Liabilities$3,857,200
Net Assets$26,748,531
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $3,296,035Expenses 2011: $5,063,945Net Income 2011: -$1,767,9102011Revenue 2012: $2,467,014Expenses 2012: $3,098,120Net Income 2012: -$631,1062012Revenue 2013: $2,963,296Expenses 2013: $2,439,936Net Income 2013: $523,3602013Revenue 2014: $2,819,054Expenses 2014: $4,657,597Net Income 2014: -$1,838,5432014Revenue 2015: $2,931,024Expenses 2015: $3,199,921Net Income 2015: -$268,8972015Revenue 2016: $2,295,699Expenses 2016: $6,058,095Net Income 2016: -$3,762,3962016Revenue 2017: $2,793,779Expenses 2017: $3,052,443Net Income 2017: -$258,6642017Revenue 2018: $2,162,252Expenses 2018: $2,649,526Net Income 2018: -$487,2742018Revenue 2019: $20,482,205Expenses 2019: $2,466,075Net Income 2019: $18,016,1302019Revenue 2021: $1,787,346Expenses 2021: $2,956,238Net Income 2021: -$1,168,8922021Revenue 2022: $4,800,170Expenses 2022: $2,430,398Net Income 2022: $2,369,7722022Revenue 2023: $1,909,876Expenses 2023: $1,895,345Net Income 2023: $14,5312023Revenue 2024: $3,316,138Expenses 2024: $2,942,276Net Income 2024: $373,8622024

Highlighted filing

2023

Revenue$1,909,876
Expenses$1,895,345
Net Income$14,531
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Feb 3, 2025
Return Version
2022v5.0
Gross Receipts
$5,500,293
Mission and Program Overview

Mission

Hermann Eye Fund provides patient services and indigent care, teaches residents, fellows, interns, medical students, nurses, ophthalmic assistants, allied health personnel, practicing physicians and optometrists and performs scientific research.

Promote eye care for the indigent and training and research to further the fight against eye disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,495,196$28,229,974▲ $734,778
Investments Other Securities$1,935,771$1,374,521▼ $561,250
Other Notes and Loans Receivable, Net$500,000$500,000→ $0
Savings and Temporary Cash Investments$1,253,850$282,311▼ $971,539
Cash and Non-Interest-Bearing Accounts$-50,316$217,375▲ $267,691
Land, Buildings, and Equipment, Net$18,189$1,550▼ $16,639
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$31,152,690$30,605,731▼ $546,959
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$0$3,857,200▲ $3,857,200
Accounts Payable and Accrued Expenses$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$3,857,200▲ $3,857,200
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,080,520$26,748,531▼ $3,331,989
Net Assets With Donor Restrictions$1,072,170$0▼ $1,072,170
Total Net Assets Fund Balance$31,152,690$26,748,531▼ $4,404,159
Total Liabilities and Net Assets / Fund Balance$31,152,690$30,605,731▼ $546,959

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$1,461,156$1,461,156
Other Land Buildings$0$1,368,540$1,368,540
Equipment$0$105,257$105,257
Buildings$1,550$17,600$19,150
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Richard Andrassy MdPresident
Paula CizikVice President
Deborah GordonBoard Member
James Mccarthy MdBoard Member
Kevin Giglio MdBoard Member
Ana TouchstoneExecutive Director
Diana HawkinsSecretary
Kevin DillonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$33,067
Program Service Revenue
$0
Investment Income
$827,383
Other Revenue
$1,049,426
All Other Contributions
$33,067
Change in Net Assets
$14,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,895,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$1,538,828-$1,538,828
Fees for Service Investment Mgmnt Fees-$114,795-$114,795
Fees for Services Accounting-$79,323-$79,323
Fees for Services Other-$53,520-$53,520
Other Expenses$22,438$44,451-$22,438
Depreciation Depletion-$16,639-$16,639
Fees for Services Legal-$14,588-$14,588
Insurance-$10,545-$10,545
Office Expenses-$200-$200
Travel-$18-$18
Total Functional Expenses$22,438$1,872,907$0$1,895,345
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Other person - hef does not have an inhouse executive director. Uthealth's chief of staff to the cfo serves part-time in the executive director role for hef. Hef pays a set amount to uthealth for this arrangement. The executive director provided is ana touchstone and the amount paid to uthealth for this arrangement is $52,320.”

Form 990, Part VI, Section A, Line 7A

“There may be up to 7 members - 3 at-large members and 4 members appointed by supporting organizations. All board members are voting members. The governing body of the legal entity to which the ophthalmology service of memorial hermann - texas medical center (memorial hermann) belongs, the university of texas health science center at houston (uthealth), and the president shall each have the right to appoint one of the at-large directors. Memorial hermann and uthealth each appoint two directors.”

Form 990, Part VI, Section B, Line 11B

“The organization engages an independent accounting firm to prepare form 990. The 990 is then reviewed by an outside accountant, the organization's executive director, board officer, and the governing board.”

Form 990, Part VI, Section B, Line 12C

“Members of the board are required to complete disclosure statements annually. If a potential conflict is disclosed, a committee would be formed to review the material facts associated with the potential conflict. If the assigned committee determines a conflict exists, the member is separated from influencing future board actions with respect to such conflict. This includes abstaining from voting if there is a conflict of interest.”

Form 990, Part VI, Section C, Line 19

“Documents are made available upon request within respective deadlines.”

Filing and Contact Details

Filer

Filer Name
Hermann Eye Fund
EIN
74-2145014
In Care Of
% ANA TOUCHSTONE
Phone
7135003804
Address
6400 Fannin St Suite 1800, Houston, TX 77030

Signing Officer

Name
Kevin Dillon
Title
Treasurer
Phone
7137041777
Signed
2025-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Dillon
Formed
1980
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Forvis Mazars LLP
Address
2700 Post Oak Blvd Ste 1500, HOUSTON, TX 77056
Preparer
Amanda Maya
Phone
7134994600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other changes in net assets: adjustment to cash basis balance sheet $3,222”

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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0HERMANN EYE FUND PROVIDES FUNDING FOR: PATIENT SERVICES; INDIGENT CARE; TEACHING AND TRAINING RESIDENTS, FELLOWS, INTERNS, MEDICAL STUDENTS, NURSES, OPHTHALMIC ASSISTANTS, ALLIED HEALTH PERSONNEL, PRACTICING PHYSICIANS AND OPTOMETRISTS; AND SCIENTIFIC RESEARCH.
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IRS990/NetAssetsOrFundBalancesEOYAmt026748531
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0136230
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0962145
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IRS990/NetUnrlzdGainsLossesInvstAmt01340655
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt030080520
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt026748531
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01538828
IRS990/OccupancyGrp/TotalAmt01538828
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0200
IRS990/OfficeExpensesGrp/TotalAmt0200
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IRS990/OperateHospitalInd0false
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
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IRS990/OtherExpensesGrp/Desc1Indigent Care
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044451
IRS990/OtherExpensesGrp/ProgramServicesAmt022438
IRS990/OtherExpensesGrp/TotalAmt044451
IRS990/OtherExpensesGrp/TotalAmt122438
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
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IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/Desc1RENTAL REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt046038
IRS990/OtherRevenueMiscGrp/ExclusionAmt141243
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046038
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt141243
IRS990/OtherRevenueTotalAmt087281
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0500000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0500000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KEVIN DILLON
IRS990/PriorPeriodAdjustmentsAmt0-5762567
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0HERMANN EYE FUND PROVIDES FUNDS TO THE UNIVERSITY OF TEXAS DEPARTMENT OF OPHTHALMOLOGY TO AID IN RESEARCH, EDUCATION OF STUDENTS AND FACULTY, COMMUNITY SERVICE, AND PATIENT EDUCATION AND CARE.
IRS990/ProgSrvcAccomActy3Grp/Desc0FUNDING FOR RESEARCH OF EYE-RELATED SUBJECTS. THE RESEARCH IS DONE CONTINUALLY WITH ASSISTANCE FROM THE DEPARTMENT OF OPHTHALMOLOGY A THE UNIVERSITY OF TEXAS MEDICAL CENTER AT HOUSTON.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01222695
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02313677
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02430398
IRS990/PYOtherRevenueAmt01263798
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02369772
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02430398
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04800170
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt014531
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0962145
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01253850
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0282311
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0741152597
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd16
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MEMORIAL HERMANN HEALTH SYSTEM
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1DEPT OF OPHTHALMOLOGY - UT HEALTH HOUSTON
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01550
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017600
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019150
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0105257
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105257
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01461156
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01461156
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01368540
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01368540
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01550
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PERSON - HEF DOES NOT HAVE AN INHOUSE EXECUTIVE DIRECTOR. UTHEALTH'S CHIEF OF STAFF TO THE CFO SERVES PART-TIME IN THE EXECUTIVE DIRECTOR ROLE FOR HEF. HEF PAYS A SET AMOUNT TO UTHEALTH FOR THIS ARRANGEMENT. THE EXECUTIVE DIRECTOR PROVIDED IS ANA TOUCHSTONE AND THE AMOUNT PAID TO UTHEALTH FOR THIS ARRANGEMENT IS $52,320.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE MAY BE UP TO 7 MEMBERS - 3 AT-LARGE MEMBERS AND 4 MEMBERS APPOINTED BY SUPPORTING ORGANIZATIONS. ALL BOARD MEMBERS ARE VOTING MEMBERS. THE GOVERNING BODY OF THE LEGAL ENTITY TO WHICH THE OPHTHALMOLOGY SERVICE OF MEMORIAL HERMANN - TEXAS MEDICAL CENTER (MEMORIAL HERMANN) BELONGS, THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON (UTHEALTH), AND THE PRESIDENT SHALL EACH HAVE THE RIGHT TO APPOINT ONE OF THE AT-LARGE DIRECTORS. MEMORIAL HERMANN AND UTHEALTH EACH APPOINT TWO DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ENGAGES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE FORM 990. THE 990 IS THEN REVIEWED BY AN OUTSIDE ACCOUNTANT, THE ORGANIZATION'S EXECUTIVE DIRECTOR, BOARD OFFICER, AND THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD ARE REQUIRED TO COMPLETE DISCLOSURE STATEMENTS ANNUALLY. IF A POTENTIAL CONFLICT IS DISCLOSED, A COMMITTEE WOULD BE FORMED TO REVIEW THE MATERIAL FACTS ASSOCIATED WITH THE POTENTIAL CONFLICT. IF THE ASSIGNED COMMITTEE DETERMINES A CONFLICT EXISTS, THE MEMBER IS SEPARATED FROM INFLUENCING FUTURE BOARD ACTIONS WITH RESPECT TO SUCH CONFLICT. THIS INCLUDES ABSTAINING FROM VOTING IF THERE IS A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST WITHIN RESPECTIVE DEADLINES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER CHANGES IN NET ASSETS: ADJUSTMENT TO CASH BASIS BALANCE SHEET $3,222
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,605,731
Liabilities
$3,857,200
Net assets
$26,748,531
Revenue
$1,909,876
Expenses
$1,895,345
Net income
$14,531
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$28.2$0.00$28.2$3.32$2.94$0.37
2023Detailed filing. Detailed filing data is available for this year.$30.6$3.86$26.7$1.91$1.90$0.01
2022Detailed filing. Detailed filing data is available for this year.$31.2$0.00$31.2$4.80$2.43$2.37
2021Detailed filing. Detailed filing data is available for this year.$36.5$0.00$36.5$1.79$2.96$1.17
2019Detailed filing. Detailed filing data is available for this year.$36.1$0.00$36.1$20.5$2.47$18.0
2018Detailed filing. Detailed filing data is available for this year.$17.0$0.00$17.0$2.16$2.65$0.49
2017Summary only. Only limited summary data is available for this year.$17.4$0.43$17.0$2.79$3.05$0.26
2016Summary only. Only limited summary data is available for this year.$16.9$0.67$16.2$2.30$6.06$3.76
2015Summary only. Only limited summary data is available for this year.$20.0$0.94$19.1$2.93$3.20$0.27
2014Summary only. Only limited summary data is available for this year.$20.0$1.25$18.8$2.82$4.66$1.84
2013Summary only. Only limited summary data is available for this year.$21.1$1.46$19.7$2.96$2.44$0.52
2012Summary only. Only limited summary data is available for this year.$19.0$1.63$17.4$2.47$3.10$0.63
2011Summary only. Only limited summary data is available for this year.$18.2$1.64$16.5$3.30$5.06$1.77