Overview
What is Georgia Eye Bank Inc?
Georgia Eye Bank Inc, based in Atlanta, Georgia, is a dedicated nonprofit organization that combats blindness and visual impairment. They accomplish this by recovering, processing, and distributing donor eye tissue for transplantation and research purposes. The organization also actively promotes and offers education on eye donation to increase awareness in the community. In 2022, they supplied over 1,700 sight-restoring corneas for transplantation, with many being provided at reduced processing reimbursements or even gratis. Registered with the U.S. Food & Drug Administration and accredited by the Eye Bank Association of America, Georgia Eye Bank Inc operates under stringent medical, ethical, and professional standards. With a workforce of 44 individuals, the organization is committed to enhancing vision and combatting blindness.
Official website here: www.georgiaeyebank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator
Georgia Eye Bank Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts an impressive 96% score in this category, indicating rigorous financial oversight and a commitment to transparency. With an independent board makeup of 85%, the organization's governance is solid, ensuring that its operations are in the best interest of its mission.
Strengths highlighted in the data include a high program expense ratio of 88.07%, which shows that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization has established robust policies around conflict of interest, whistleblower protections, and document retention, which further underscores its commitment to ethical operations. The lack of any material diversion of assets also speaks to its integrity in financial management.
On the cultural and community front, Georgia Eye Bank Inc scored a perfect 100%. This signifies that the organization actively collects and utilizes feedback from its stakeholders, fostering a strong connection with the community it serves. Such practices indicate a responsive and engaged organizational culture, although the summary does not point out any specific challenges the organization may face moving forward. Overall, the high ratings in both accountability and community engagement position Georgia Eye Bank Inc as a trustworthy and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Eye Bank Inc legitimate?
Georgia Eye Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Eye Bank 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: $428,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,100,700
For more financial information, click here
Official website here: www.georgiaeyebank.org
What is the mission statement of Georgia Eye Bank Inc?
Georgia Eye Bank Inc, in the battle against blindness and visual impairment, recovers, processes, and supplies donor eye tissue for both surgical transplants and research studies. Additionally, the organization promotes and offers education related to eye donation. In 2022, they provided over 1,700 sight-restoring corneas, with many of these transplants granted at reduced processing reimbursements or gratis. Registered with the U.S. Food & Drug Administration and accredited by the Eye Bank Association of America, Georgia Eye Bank Inc operates under strict medical, ethical, and professional standards.
Official website here: www.georgiaeyebank.org
Who is the CEO of Georgia Eye Bank Inc?
Eric E Meinecke is the Chair/Trustee of Georgia Eye Bank Inc. The CEO's salary of Georgia Eye Bank Inc is $254,528 and their total compensation is $301,571.
Official website here: www.georgiaeyebank.org
What is the revenue of Georgia Eye Bank Inc?
Georgia Eye Bank Inc's revenue in 2022 was $6,672,999.
Official website here: www.georgiaeyebank.org
Who are the executives of Georgia Eye Bank Inc and what are their salaries?
The average compensation at Georgia Eye Bank Inc during 2022 was $57,482. There are 44 employees and 19 volunteers at Georgia Eye Bank Inc.
Here are 19 key members and their salaries (Georgia Eye Bank Inc's CEO's salary is $254,528 and their total compensation is $301,571):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $254,528
- Related: $0
- Other: $47,043
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $173,962
- Related: $0
- Other: $35,070
- Compensation: $109,423
- Related: $0
- Other: $25,237
- Compensation: $121,154
- Related: $0
- Other: $27,081
- Compensation: $103,307
- Related: $0
- Other: $24,380
- Compensation: $100,154
- Related: $0
- Other: $23,891
Official website here: www.georgiaeyebank.org
Where can I find the form 990 for Georgia Eye Bank Inc?
Georgia Eye Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.georgiaeyebank.org
Learn more at the official website: www.georgiaeyebank.org
Mission Statement of Georgia Eye Bank Inc
Georgia Eye Bank Inc, in the battle against blindness and visual impairment, plays a significant role. It recovers, processes, and dispenses donor eye tissue for surgical procedures and research studies. In addition to this, the organization promotes and offers education related to eye donation. With stringent medical, ethical, and professional standards, Georgia Eye Bank Inc operates under the supervision of the U.S. Food & Drug Administration and is accredited by the Eye Bank Association of America. In 2022, the bank provided over 1,700 sight-restoring corneas for transplant, many of which were provided at reduced processing reimbursements or gratis, demonstrating its commitment to improving vision and combating vision loss.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Georgia Eye Bank Inc's impact is significant in the fight against blindness and visual impairment. By recovering, processing, and providing donor eye tissue for transplant and research purposes, Georgia Eye Bank Inc has facilitated over 1,700 sight-restoring cornea transplants in 2022 alone. Many of these corneas were provided at reduced processing costs or entirely free of charge. Registered with the U.S. Food & Drug Administration and accredited by the Eye Bank Association of America, Georgia Eye Bank Inc operates under rigorous medical, ethical, and professional standards. Through its dedicated efforts, Georgia Eye Bank Inc not only restores vision but also promotes and educates the community about the importance of eye donation, making a significant impact on improving eye health and quality of life for many individuals.
This information is meant to be a general summary of Georgia Eye Bank 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: $306,630
- Program Service Revenue: $6,214,387
- Gross Receipts: $8,049,365
Assets and Liabilities:
- Total Assets: $19,854,081
- Total Liabilities: $3,744,481
- Net Assets: $16,109,600
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCESSING FEES INCOME
Revenue
$6,100,525
RESEARCH FEES
Revenue
$113,862
Organization Details
Founding Year
1979
Phone
(404) 264-1900Principal Officer
Eric E Meinecke
Main Address
5605 GLENRIDGE DR STE 250, ATLANTA, GA, 30342
Website
www.georgiaeyebank.orgNTEE Category
Code: E65 - Health
If you are a representative of Georgia Eye Bank Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.