Overview
What is Lions Eye Bank Of Nebraska Inc?
Lions Eye Bank of Nebraska Inc is a nonprofit organization located in Omaha, Nebraska, dedicated to the promotion, procurement, and distribution of human eye tissue for transplantation and research. Their core mission is to restore vision to individuals with visual difficulties and contribute to the fight against blindness. The organization's staff and board members act as stewards, ensuring the highest quality of eye tissue while maintaining the dignity and respect of donor families. Their ultimate goal is to provide a positive donation experience for the families and their loved ones. A recent state-wide donor registry has been established in Nebraska, which they believe will increase the number of donors for both life-saving organs and tissues like eyes. New FDA regulations require additional paperwork, record keeping, testing, and more, which the bank is adapting to. The bank's workforce comprises 3 individuals.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating
The Lions Eye Bank of Nebraska Inc has received a 69% rating from Charity Navigator, indicating a need for improvement in accountability and financial transparency. The organization demonstrates strengths in governance, with 100% of its board members being independent and an overall positive liability to assets ratio of 29.07%. Additionally, the organization shows a commendable program expense ratio of 84.03%, suggesting that a significant portion of its resources is allocated towards its mission-driven programs.
However, the nonprofit faces several limitations in its accountability practices. It has not provided financial statements, which significantly impacts its transparency score. Furthermore, the absence of critical policies such as conflict of interest and whistleblower protection raises concerns about operational oversight. The lack of publicly available financial documents, including the tax form on its website, further complicates the evaluation of its financial health.
In conclusion, while Lions Eye Bank of Nebraska Inc has strong governance and allocates a majority of its budget to programs, it must address its gaps in financial transparency and policy implementation to enhance its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Lions Eye Bank Of Nebraska Inc legitimate?
Lions Eye Bank Of Nebraska Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lions Eye Bank Of Nebraska 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: $595,074
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Official website here: www.none
What is the mission statement of Lions Eye Bank Of Nebraska Inc?
The Lions Eye Bank of Nebraska Inc's mission is centered around the retrieval, processing, distribution, and research of eye tissue. Their primary goal is to restore vision to individuals with visual difficulties and contribute to the fight against blindness. The organization is committed to maintaining the highest quality of human eye tissue and upholding the dignity and respect of all those involved in the eye donation process. The Lions Eye Bank considers the donor family as a crucial component, striving to make the donation process a positive experience for them and their loved ones. Recognizing the importance of increasing the number of donors, they have established a state-wide donor registry with the Nebraska Organ Recovery System and the Department of Motor Vehicles. New FDA regulations have led to additional requirements, including paperwork, recordkeeping, testing, and more, to ensure the highest standards are met.
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Who is the CEO of Lions Eye Bank Of Nebraska Inc?
Kal Lausterer is the Chairman Of of Lions Eye Bank Of Nebraska Inc.
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What is the revenue of Lions Eye Bank Of Nebraska Inc?
Lions Eye Bank Of Nebraska Inc's revenue in 2023 was $1,501,442.
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Who are the executives of Lions Eye Bank Of Nebraska Inc and what are their salaries?
The average compensation at Lions Eye Bank Of Nebraska Inc during 2023 was $198,358. There are 3 employees at Lions Eye Bank Of Nebraska Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Lions Eye Bank Of Nebraska Inc
The Lions Eye Bank of Nebraska Inc is dedicated to providing the 'gift of sight' through the promotion, procurement, and distribution of human eye tissue for transplantation and research. This nonprofit organization's mission is centered around retrieving, processing, and distributing eye tissue to restore vision for individuals experiencing visual difficulties and to contribute to the crusade against all forms of blindness.
The Lions Eye Bank of Nebraska Inc serves as stewards, ensuring the highest quality of human eye tissue is provided while maintaining the dignity and respect of all those involved in the eye donation process. They understand the importance of fulfilling the wishes of donor families and aim to make the donation process a positive experience for them and their loved ones. This commitment to donor families is a key factor in ensuring the organization's success.
Recently, a state-wide donor registry was established in Nebraska with the Nebraska Organ Recovery System and the Department of Motor Vehicles. This registry is expected to increase the number of donors, not only for life-saving organs but also for eyes and other tissues. The Lions Eye Bank of Nebraska Inc is actively complying with new FDA regulations, which require additional paperwork, record-keeping, testing, and more.
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Impact
July, 2024
Lions Eye Bank Of Nebraska Inc's impact is profound in the community, as it provides the "gift of sight" through the promotion, procurement, and distribution of human eye tissue for transplantation and research. By offering the highest quality human eye tissue to restore vision to those with visual difficulties, this organization plays a crucial role in the crusade against all forms of blindness. The focus on maintaining the dignity and respect of all individuals involved in the donation process, particularly the donor families, demonstrates a profound commitment to ethical and compassionate practices. Additionally, initiatives such as the establishment of a state-wide donor registry in collaboration with the Nebraska Organ Recovery System and the Department of Motor Vehicles are likely to increase the number of donors, thereby furthering the organization's impact in restoring vision and improving the lives of individuals in need.
This information is meant to be a general summary of Lions Eye Bank Of Nebraska 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 2023.
- Investment Income: $20,746
- Program Service Revenue: $1,456,029
- Gross Receipts: $1,501,442
Assets and Liabilities:
- Total Assets: $1,269,074
- Total Liabilities: $369,014
- Net Assets: $900,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TISSUE SALES
Revenue
$1,456,029
Organization Details
Founding Year
1982
Phone
(402) 559-4039Principal Officer
Kal Lausterer
Main Address
985541 NEBRASKA MEDICAL CENTER, OMAHA, NE, 681985541
Website
www.noneNTEE Category
Code: S120 - Community improvement
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