Overview
What is Minnesota Lions Vision Foundation Inc?
Minnesota Lions Vision Foundation Inc is a charitable organization based in Saint Paul, Minnesota, with an address at 1000 Westgate Drive 260. Its primary mission is to enhance vision by offering financial support and oversight to the Minnesota Lions Eye Bank, as well as raising funds for the University of Minnesota's Department of Ophthalmology and Visual Neurosciences. This support includes operating funds for the eye bank and financial contributions towards the university's ophthalmology priorities. Moreover, the foundation aims to educate the public about the importance of eye donations. During the year, they transferred $5,028,743 to the University of Minnesota for these purposes.
Official website here: www.mnlionsvisionfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rates the Minnesota Lions Vision Foundation Inc with a remarkable 96%, granting it a Four-Star out of Four Star rating. This high score is primarily attributed to their strong performance in Accountability & Finance, reflecting the organization's commitment to transparency and effective management of its resources. With 100% of its board members being independent, along with an absence of material asset diversion and robust financial oversight, the organization's financial integrity stands out.
The Foundation excels in its program expense ratio, indicating that a significant majority of its revenue is directed toward its programs rather than administrative costs. This financial efficiency highlights their focus on maximizing the impact of their efforts in vision care and related services. However, it's important to note that the organization has not been evaluated on newer metrics such as Impact & Measurement, Culture & Community, or Leadership & Adaptability, which could offer insights into its broader performance.
User reviews from GreatNonprofits could not be fetched, so no additional public sentiment is available at this time. Overall, the Foundation's strong financial score speaks to its operational soundness, but further insights on its impact and community engagement remain unassessed.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Lions Vision Foundation Inc legitimate?
Minnesota Lions Vision Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Lions Vision Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,714,070
For more financial information, click here
Official website here: www.mnlionsvisionfoundation.org
What is the mission statement of Minnesota Lions Vision Foundation Inc?
The Minnesota Lions Vision Foundation Inc's mission is centered around improving vision. They achieve this by providing financial oversight and operational funds for the Minnesota Lions Eye Bank. Additionally, they raise funds for the University of Minnesota's Department of Ophthalmology priorities. Furthermore, the foundation actively educates the public about the importance of eye donations. By doing so, they aim to support the operations of an eye bank and contribute to the purchase of research equipment at the University.
Official website here: www.mnlionsvisionfoundation.org
Who is the CEO of Minnesota Lions Vision Foundation Inc?
Rob Hed is the Chair of Minnesota Lions Vision Foundation Inc.
Official website here: www.mnlionsvisionfoundation.org
What is the revenue of Minnesota Lions Vision Foundation Inc?
Minnesota Lions Vision Foundation Inc's revenue in 2022 was $7,087,055.
Official website here: www.mnlionsvisionfoundation.org
Who are the executives of Minnesota Lions Vision Foundation Inc and what are their salaries?
There 26 volunteers at Minnesota Lions Vision Foundation Inc.
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Official website here: www.mnlionsvisionfoundation.org
Where can I find the form 990 for Minnesota Lions Vision Foundation Inc?
Minnesota Lions Vision Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnlionsvisionfoundation.org
Learn more at the official website: www.mnlionsvisionfoundation.org
Mission Statement of Minnesota Lions Vision Foundation Inc
Minnesota Lions Vision Foundation, an organization dedicated to enhancing vision, fulfills its mission by providing financial oversight and operational funds for the Minnesota Lions Eye Bank. Additionally, the foundation raises funds to support priority projects within the University of Minnesota's Department of Ophthalmology and Visual Neurosciences. Furthermore, the foundation plays a crucial role in educating the public about eye donations, aiming to increase awareness and promote the cause. By providing funds for the eye bank's operations and purchasing research equipment, Minnesota Lions Vision Foundation contributes significantly to vision improvement efforts, ultimately benefiting individuals in need of such services.
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Impact
July, 2024
Minnesota Lions Vision Foundation Inc's impact is significant in improving vision by providing fiscal oversight and operating funds for the MN Lions Eye Bank, raising funds for the University of Minnesota Department of Ophthalmology priorities, and educating the public about eye donations. The foundation plays a crucial role in supporting the operations of an eye bank and purchasing research equipment for the University of Minnesota Department of Ophthalmology & Visual Neurosciences. With over $5 million paid to the university during a year, the foundation's efforts help advance eye health and research, ultimately benefiting individuals affected by eye diseases.
This information is meant to be a general summary of Minnesota Lions Vision Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15,463
- Program Service Revenue: $6,302,529
- Gross Receipts: $7,087,055
Assets and Liabilities:
- Total Assets: $6,721,552
- Total Liabilities: $2,037,711
- Net Assets: $4,683,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TISSUE PROCESSING FEES
Revenue
$6,302,529
Organization Details
Founding Year
1963
Phone
(763) 754-8921Principal Officer
Rob Hed
Main Address
1000 WESTGATE DRIVE 260, SAINT PAUL, MN, 55114
NTEE Category
Code: G40 - Disease
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