Civic Intelligence

Kleb Inc.

990 • Fiscal year 2018 • EIN 81-4274526

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 05, 2018

301 East Muhammad Ali BlvdLouisville, KY 40202

(502) 852-5457

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.56x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

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

Net Margin

63rd percentile

8.7%

Higher net margin than 63% of similar nonprofits.

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

Top Officer Pay

63rd percentile

$88,101

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

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

Asset Growth

92nd percentile

52%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

93rd percentile

94%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$879,878

Up $300,413 (+52%) from 2017

Net Assets

Up

$385,823

Up $241,880 (+168%) from 2017

Liabilities

Up

$494,055

Up $58,533 (+13%) from 2017

Revenue

Up

$2,784,030

Up $1,350,013 (+94%) from 2017

Expenses

Up

$2,542,150

Up $1,252,076 (+97%) from 2017

Net Income

Up

$241,880

Up $97,937 (+68%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $579,465Liabilities 2017: $435,522Net Assets 2017: $143,9432017Assets 2018: $879,878Liabilities 2018: $494,055Net Assets 2018: $385,8232018Assets 2019: $1,149,322Liabilities 2019: $405,246Net Assets 2019: $744,0762019Assets 2020: $1,422,985Liabilities 2020: $543,423Net Assets 2020: $879,5622020Assets 2021: $1,708,878Liabilities 2021: $354,120Net Assets 2021: $1,354,7582021Assets 2022: $1,683,830Liabilities 2022: $143,919Net Assets 2022: $1,539,9112022Assets 2023: $1,934,868Liabilities 2023: $131,893Net Assets 2023: $1,802,9752023Assets 2024: $1,453,622Liabilities 2024: $161,408Net Assets 2024: $1,292,2142024Assets 2025: $1,467,798Liabilities 2025: $184,423Net Assets 2025: $1,283,3752025

Highlighted filing

2018

Assets$879,878
Liabilities$494,055
Net Assets$385,823

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $1,434,017Expenses 2017: $1,290,074Net Income 2017: $143,9432017Revenue 2018: $2,784,030Expenses 2018: $2,542,150Net Income 2018: $241,8802018Revenue 2019: $3,087,404Expenses 2019: $2,729,151Net Income 2019: $358,2532019Revenue 2020: $2,789,931Expenses 2020: $2,654,445Net Income 2020: $135,4862020Revenue 2021: $3,338,144Expenses 2021: $2,862,948Net Income 2021: $475,1962021Revenue 2022: $3,122,889Expenses 2022: $2,937,736Net Income 2022: $185,1532022Revenue 2023: $3,743,516Expenses 2023: $3,480,452Net Income 2023: $263,0642023Revenue 2024: $3,778,158Expenses 2024: $4,288,919Net Income 2024: -$510,7612024Revenue 2025: $3,796,243Expenses 2025: $3,805,082Net Income 2025: -$8,8392025

Highlighted filing

2018

Revenue$2,784,030
Expenses$2,542,150
Net Income$241,880
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$2,784,030
Mission and Program Overview

Mission

The mission is to restore sight through corneal transplant, ocular research and medical education. Promote organ, eye and tissue donation while respecting and honoring the donors and their families who so selflessly give.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$324,553$324,909▲ $356
Cash and Non-Interest-Bearing Accounts$24,698$311,698▲ $287,000
Land, Buildings, and Equipment, Net$196,716$207,478▲ $10,762
Intangible Assets$25,424$19,068▼ $6,356
Total Assets$579,465$879,878▲ $300,413
Other Assets Total$8,074$16,725▲ $8,651
Liabilities
Accounts Payable and Accrued Expenses$235,522$294,055▲ $58,533
Other Liabilities$200,000$200,000→ $0
Total Liabilities$435,522$494,055▲ $58,533
Net Assets / Fund Balance
Unrestricted Net Assets$143,943$385,823▲ $241,880
Total Net Assets Fund Balance$143,943$385,823▲ $241,880
Total Liabilities and Net Assets / Fund Balance$579,465$879,878▲ $300,413

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$174,199$162,257$336,456
Other Land Buildings$30,027$18,837$48,864
Leasehold Improvements$3,252$3,252$6,504
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph BilleCOOFT$88,101$88,101
Bradley TennantCEOFT$78,243$78,243

Board Members and Trustees

NameTitle
Woodford VanMeter MDChairman of the Board
Richard Eiferman MDVice Chairman of the Board
Hossein Asghari MDDirector
Judge Glenn AcreeDirector
Noel HardwickDirector
Thomas MatneySecretary
Arnold T VanEttenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,818
Program Service Revenue
$2,672,212
Investment Income
$0
Other Revenue
$0
All Other Contributions
$111,818
Change in Net Assets
$241,880

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$35,000Fair Market Value (FMV)
Cars and Other Vehicles2$10,965Fair Market Value (FMV)
Securities Publicly Traded110$10,171Fair Market Value (FMV)
Total Noncash Contributions114$56,136-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,784,030
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,784,030
Total Revenue per Form 990
$2,784,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,512,079
Salaries, Compensation, and Employee Benefits$1,030,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$436,977$225,163-$662,140
Fees for Services Other$230,402$5,627-$236,029
All Other Expenses$142,992$61,540-$204,532
Current Officers, Directors, Trustees, and Key Employees$109,779$56,566-$166,345
Other Employee Benefits$60,471$31,160-$91,631
Other Expenses$191,021$73,288-$73,288
Office Expenses-$69,588-$69,588
Depreciation Depletion$49,383$13,891-$63,274
Payroll Taxes$40,515$20,876-$61,391
Fees for Services Management-$51,845-$51,845
Pension Plan Contributions$32,050$16,514-$48,564
Travel-$32,506-$32,506
Insurance-$19,665-$19,665
Interest-$8,476-$8,476
Fees for Services Accounting-$3,700-$3,700
Total Functional Expenses$1,851,745$690,405$0$2,542,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,542,150
Total Expenses per Audited Statements$2,542,150
Total Expenses per Form 990$2,542,150
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable to KLEF$200,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section B, line 11B

Return is reviewed by the Controller, Treasurer, and CEO prior to filing.

Form 990, Part VI, Section B, line 15

Organization's CEO compensation is reviewed by Human Resources Committee, Finance Committee and Board of Directors. Within these committees are individuals with a broad base of knowledge and experience working with businesses and other non-profit organizations that are able to provide input into appropriate and comparable compensation amounts. Comparable salary data is reviewed when available.

Form 990, Part VI, Section C, line 19

Governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
KLEB Inc
EIN
81-4274526
Phone
5028525457
Address
301 East Muhammad Ali Blvd, Louisville, KY 40202

Signing Officer

Name
Arnold T VanEtten
Title
Treasurer
Phone
5025830564
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arnold T VanEtten
Formed
2016
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
3
Employees
20
Volunteers
1

Preparer

Firm
Strothman & Company PSC
Address
325 W Main St Suite 1600, Louisville, KY 40202-4251
Preparer
William G Carroll
Phone
5025851600
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Financial Accounting Standards Board issued Accounting Standards Codification ("ASC") 740-10, Accounting for Uncertainty in Income Taxes, which prescribed a comprehensive model of how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. There was no impact to the Foundation's financial statements as a result of the implementation of ASC 740-10.

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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02672212
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0209367
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0321185
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02672212
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01224650
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03896862
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt04218047
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02784030
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01434017
IRS990ScheduleA/Total509Grp/TotalAmt04218047
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02784030
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01434017
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04218047
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0174199
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0162257
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0336456
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02542150
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03252
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03252
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06504
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030027
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018837
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0200000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Note Payable to KLEF
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02784030
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Financial Accounting Standards Board issued Accounting Standards Codification ("ASC") 740-10, Accounting for Uncertainty in Income Taxes, which prescribed a comprehensive model of how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. There was no impact to the Foundation's financial statements as a result of the implementation of ASC 740-10.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0207478
IRS990ScheduleD/TotalExpensesPerForm990Amt02542150
IRS990ScheduleD/TotalLiabilityAmt0200000
IRS990ScheduleD/TotalRevenuePerForm990Amt02784030
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02784030
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02542150
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/CarsAndOtherVehiclesGrp/ContributionCnt02
IRS990ScheduleM/CarsAndOtherVehiclesGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NonCashCheckboxInd0X
IRS990ScheduleM/CarsAndOtherVehiclesGrp/NoncashContributionsRptF990Amt010965
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt02
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Other assets
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt035000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0110
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt010171
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return is reviewed by the Controller, Treasurer, and CEO prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's CEO compensation is reviewed by Human Resources Committee, Finance Committee and Board of Directors. Within these committees are individuals with a broad base of knowledge and experience working with businesses and other non-profit organizations that are able to provide input into appropriate and comparable compensation amounts. Comparable salary data is reviewed when available.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Kentucky Lions Eye Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0610516171
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Non-profit operations
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0301 East Muhammad Ali Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Louisville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040202
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt058630
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1200000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Kentucky Lions Eye Foundation Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Loan from Kentucky Lions Eye Foundation Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0579465
IRS990/TotalAssetsEOYAmt0879878
IRS990/TotalAssetsGrp/BOYAmt0579465
IRS990/TotalAssetsGrp/EOYAmt0879878
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0111818
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0690405
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01851745
IRS990/TotalFunctionalExpensesGrp/TotalAmt02542150
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0435522
IRS990/TotalLiabilitiesEOYAmt0494055
IRS990/TotalLiabilitiesGrp/BOYAmt0435522

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