Overview
What is Old Dominion Eye Foundation Inc?
Old Dominion Eye Foundation Inc, situated in Richmond, Virginia, is a nonprofit organization dedicated to the operation of an eye bank and related services. Their primary mission revolves around supplying human eye tissue for corneal transplants, while also supporting research and teaching endeavors in the field of ophthalmology. With a team of 38 employees, they contribute significantly to enhancing vision and eye health, promoting medical advancements, and educating professionals in their field.
Official website here: www.odef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
The Old Dominion Eye Foundation Inc has achieved an impressive rating of 96%, reflecting a strong commitment to accountability and financial management. This score, based entirely on the Accountability & Finance beacon, highlights the organization’s effective governance and operational practices, with a perfect score in several critical areas such as independent board membership and the absence of asset diversion.
Strengths of the organization include a well-structured independent board composed entirely of members who provide oversight and governance, along with comprehensive policies like conflict of interest and whistleblower protections. Furthermore, the foundation maintains a high program expense ratio of 81.23%, indicating a significant portion of its funds is directed toward its mission-related activities.
While the foundation has demonstrated robust financial health and transparency, maintaining continuous adherence to these standards will be essential for sustaining its high rating. Overall, the Old Dominion Eye Foundation Inc presents itself as a reliable and well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Old Dominion Eye Foundation Inc legitimate?
Old Dominion Eye Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Dominion Eye 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: $161,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,128,203
For more financial information, click here
Official website here: www.odef.org
What is the mission statement of Old Dominion Eye Foundation Inc?
The Old Dominion Eye Foundation Inc's mission revolves around supplying human eye tissue for various purposes. This includes transplants, research, and educational purposes. Their primary objective is to contribute to corneal transplants, further scientific research, and offer teaching opportunities in the field of ophthalmology. The foundation operates an eye bank and associated services, serving as a crucial resource in the medical community.
Official website here: www.odef.org
Who is the CEO of Old Dominion Eye Foundation Inc?
William E Proctor is the Exec Directo of Old Dominion Eye Foundation Inc.
Official website here: www.odef.org
What is the revenue of Old Dominion Eye Foundation Inc?
Old Dominion Eye Foundation Inc's revenue in 2022 was $2,344,556.
Official website here: www.odef.org
Who are the executives of Old Dominion Eye Foundation Inc and what are their salaries?
The average compensation at Old Dominion Eye Foundation Inc during 2022 was $33,944. There are 38 employees and 20 volunteers at Old Dominion Eye Foundation Inc.
Here are 19 key members and their salaries:
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Official website here: www.odef.org
Where can I find the form 990 for Old Dominion Eye Foundation Inc?
Old Dominion Eye Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odef.org
Learn more at the official website: www.odef.org
Mission Statement of Old Dominion Eye Foundation Inc
Old Dominion Eye Foundation Inc is an organization dedicated to supplying human eye tissue for various purposes. Its primary mission is to provide eye tissue for corneal transplants, as well as supporting research and teaching initiatives in the field of ophthalmology. By operating an eye bank and related services, this nonprofit contributes to the medical community's advancements in eye care and vision restoration.
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Impact
July, 2024
Old Dominion Eye Foundation Inc plays a crucial role in the field of eye health by supplying human eye tissue for corneal transplants, research, and teaching services. Its operation of an eye bank and related services directly impacts individuals in need of corneal transplants, researchers furthering knowledge in eye health, and educators teaching future healthcare professionals. By fulfilling its mission to provide human eye tissue for transplant, research, and teaching purposes, Old Dominion Eye Foundation Inc contributes significantly to improving eye health outcomes and advancing knowledge in the field.
This information is meant to be a general summary of Old Dominion Eye 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: $243,222
- Program Service Revenue: $2,027,878
- Gross Receipts: $3,214,389
Assets and Liabilities:
- Total Assets: $3,389,966
- Total Liabilities: $319,086
- Net Assets: $3,070,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EYE TISSURE PROCESSING FEES
Revenue
$2,027,878
Organization Details
Founding Year
1962
Phone
(804) 560-7540Principal Officer
William E Proctor
Main Address
9200 ARBORETUM PKWY SUITE 104, RICHMOND, VA, 23236
Website
www.odef.orgNTEE Category
Code: E65 - Health
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