Overview
What is Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?
Lions Medical Eye Bank & Research Center of Eastern Virginia Inc is a nonprofit organization situated in Norfolk, Virginia. Their primary mission is to offer safe and high-quality ocular tissue for healthcare professionals, who then utilize it for restoring sight through transplantation and research. The eye bank receives donated tissue, processes and evaluates it, and distributes it in accordance with guidelines issued by regulatory bodies such as the FDA and EBAA. The organization provided 720 ocular tissues for transplantation/implantation and research/education during the last fiscal year. By doing so, Lions Medical Eye Bank provides an opportunity for individuals to donate ocular tissue, offers healthcare professionals the means to combat blindness, and gives patients the hope of regaining clear vision. The organization has a workforce of 31 dedicated employees.
Official website here: www.lionseyebank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Lions Medical Eye Bank & Research Center of Eastern Virginia Inc. has received an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts a high percentage of independent board members and has no reported material diversion of assets, which reflects strong governance practices.
In terms of financial metrics, the program expense ratio stands at an impressive 79.45%, demonstrating a commitment to allocating funds directly towards its mission-related activities. Various policies, such as conflict of interest and whistleblower protections, are in place, further assuring stakeholders of the organization's operational integrity.
While the overall rating is commendable, there may be room for improvement in transparency or outreach efforts, as users have not provided extensive feedback on the organization's impact or community engagement. Overall, the Lions Medical Eye Bank is positioned as a reliable nonprofit with a focus on eye health and research.
This AI summary has been generated from information found on Charity Navigator.
Is Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc legitimate?
Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lions Medical Eye Bank & Research Center Of Eastern Virginia 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: $379,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $972,640
For more financial information, click here
Official website here: www.lionseyebank.org
What is the mission statement of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?
The Lions Medical Eye Bank & Research Center of Eastern Virginia's primary mission is to offer individuals the opportunity to donate ocular tissue. This donated tissue serves as a valuable resource for healthcare professionals, aiding in the fight against blindness. The organization's ultimate goal is to provide patients with the hope of regaining clear vision, including the ability to perceive form, color, and motion. To achieve this, the eye bank processes, evaluates, and disseminates the donated tissue according to guidelines issued by regulatory bodies like the FDA and EBAA, carrying out functions such as determining donor eligibility, evaluating tissue, storing, and distributing it. In the previous fiscal year, the eye bank supplied 666 tissues for transplantation/implantation and 54 tissues for research and education.
Official website here: www.lionseyebank.org
Who is the CEO of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?
David Korroch is the Director of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc. The CEO's salary of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc is $364,171 and their total compensation is $443,128.
Official website here: www.lionseyebank.org
What is the revenue of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?
Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc's revenue in 2022 was $2,447,492.
Official website here: www.lionseyebank.org
Who are the executives of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc and what are their salaries?
The average compensation at Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc during 2022 was $43,607. There are 31 employees and 28 volunteers at Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc.
Here are 21 key members and their salaries (Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc's CEO's salary is $364,171 and their total compensation is $443,128):
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- Compensation: $364,171
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Official website here: www.lionseyebank.org
Where can I find the form 990 for Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?
Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lionseyebank.org
Learn more at the official website: www.lionseyebank.org
Mission Statement of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc
Lions Medical Eye Bank & Research Center of Eastern Virginia is an organization dedicated to providing a unique opportunity for individuals to donate ocular tissue. This gift not only benefits those in the medical field, offering them the means to combat blindness, but also brings hope to patients who yearn to regain clear vision, observing form, color, and motion.
The primary mission of Lions Medical Eye Bank & Research Center of Eastern Virginia is to serve as a safe and reliable source of quality ocular tissue for healthcare professionals. The organization procures these tissues, processes them, evaluates their suitability, and distributes them in accordance with regulations issued by regulatory bodies such as the FDA, EBAA, and others. The functions of the eye bank encompass activities like determining donor eligibility, evaluating tissue, storing it, and distributing it for transplantation or research and educational purposes.
In the past fiscal year, Lions Medical Eye Bank & Research Center of Eastern Virginia provided 666 tissues for transplantation/implantation and 54 tissues for research and education, demonstrating the organization's significant role in restoring sight for numerous individuals and furthering medical knowledge in the field.
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Impact
July, 2024
The Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc plays a crucial role in restoring sight and ending blindness by providing safe and quality ocular tissue for transplantation and research. In the past fiscal year alone, the organization supplied 666 tissues for transplantation/implant and 54 tissues for research and education. By facilitating the donation, processing, evaluation, and distribution of ocular tissues, the Eye Bank is directly impacting the lives of patients, healthcare professionals, and researchers, offering hope for clear vision and advancements in the field of eye health.
This information is meant to be a general summary of Lions Medical Eye Bank & Research Center Of Eastern Virginia 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: $142,746
- Program Service Revenue: $2,288,108
- Gross Receipts: $2,533,701
Assets and Liabilities:
- Total Assets: $2,902,079
- Total Liabilities: $262,876
- Net Assets: $2,639,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TISSUE REIMBURSEMENT F
Revenue
$2,238,651
REIMBURSEMENTS
Revenue
$46,507
DONOR CONSENT FEES
Revenue
$2,950
Organization Details
Founding Year
1979
Phone
(757) 388-2748Principal Officer
David Korroch
Main Address
600 GRESHAM DRIVE, NORFOLK, VA, 23507
Website
www.lionseyebank.orgNTEE Category
Code: G41Z - Disease
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