Overview
What is Kentucky Lions Eye Foundation Inc?
The Kentucky Lions Eye Foundation Inc, located in Louisville, Kentucky, is a dedicated nonprofit organization that focuses on vision-related services. Their activities encompass education, detection, prevention, treatment, and empowerment to enhance the quality of life for Kentuckians, particularly those in financial need. Their volunteer programs provide essential screenings and financial support for vision-related surgeries, as well as other medical needs for over 9,500 children and nearly 9,000 adults annually. Furthermore, the Foundation offers assistance for surgeries and other needs for approximately 70 visually impaired individuals each fiscal year. The Eye Clinic provides eye exams and other necessary services for approximately 2,000 individuals, in addition to supporting eye exams for numerous others. Overall, the Kentucky Lions Eye Foundation Inc is committed to improving vision health and independence in Kentucky through collaborative partnerships.
Official website here: www.kylionseye.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two-Star out of Four Star rating)
The Kentucky Lions Eye Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 68%. This rating indicates average performance in terms of accountability and finance. While the organization boasts strengths such as a fully independent board and solid audit practices, it faces challenges regarding certain governance policies and financial transparency.
One notable strength is the foundation's commitment to board independence, with all members meeting independence criteria. The organization also demonstrates effective oversight through its audit and oversight committee, which scored full marks. However, the absence of a whistleblower policy and document retention and destruction policies points to potential governance shortcomings, ultimately impacting its overall score.
Financially, the foundation shows a relatively low liabilities to assets ratio of 1.20%, suggesting a stable financial position. However, its program expense ratio of 53.88% raises concerns about the proportion of expenses allocated to programs versus administrative costs. Addressing these governance and financial management issues could enhance the foundation's effectiveness and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Lions Eye Foundation Inc legitimate?
Kentucky Lions Eye Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Lions 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: $91,452
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,912
For more financial information, click here
Official website here: www.kylionseye.org
What is the mission statement of Kentucky Lions Eye Foundation Inc?
The Kentucky Lions Eye Foundation's mission is centered around providing vision services. This encompasses education, detection, prevention, treatment, and empowerment for individuals in need. Through collaborative partnerships, the foundation aims to enhance independence and improve the quality of life for all, with a particular focus on financially disadvantaged children and adults. Their activities include offering volunteer programs that provide screenings, financial support for vision-related surgeries and medical needs, and assistance for eye exams, glasses, and related services. During the 2021-2022 fiscal year, over 9,500 adults and nearly 9,000 children were screened, and 70 visually impaired individuals received assistance for surgeries and other needs. The foundation's Eye Clinic also provided eye exams and other services for approximately 2,000 individuals.
Official website here: www.kylionseye.org
Who is the CEO of Kentucky Lions Eye Foundation Inc?
Lindy Lamkin is the President of Kentucky Lions Eye Foundation Inc.
Official website here: www.kylionseye.org
What is the revenue of Kentucky Lions Eye Foundation Inc?
Kentucky Lions Eye Foundation Inc's revenue in 2022 was $474,315.
Official website here: www.kylionseye.org
Who are the executives of Kentucky Lions Eye Foundation Inc and what are their salaries?
The average compensation at Kentucky Lions Eye Foundation Inc during 2022 was $64,121. There are 3 employees and 200 volunteers at Kentucky Lions Eye Foundation Inc.
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- Compensation: $88,789
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- Other: $2,664
Official website here: www.kylionseye.org
Where can I find the form 990 for Kentucky Lions Eye Foundation Inc?
Kentucky Lions Eye Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kylionseye.org
Learn more at the official website: www.kylionseye.org
Mission Statement of Kentucky Lions Eye Foundation Inc
The Kentucky Lions Eye Foundation, in its mission, aims to provide vision services to individuals across Kentucky. Through collaborative partnerships, the organization seeks to enhance independence and improve the quality of life for all Kentuckians, with a particular focus on children and adults in financial need. Their vision services encompass education, detection, prevention, treatment, and empowerment, ensuring that those in need receive the necessary support. The foundation offers various programs, including volunteer screenings, financial aid for vision-related surgeries and medical needs, assistance for visually impaired individuals, and support for eye exams and eyeglasses. During the 2021-2022 fiscal year, over 9,500 children and nearly 9,000 adults benefited from these programs, while 70 visually impaired individuals received assistance for surgeries and other needs. The Eye Clinic, a part of the foundation, provided eye exams and other services to approximately 2,000 individuals, further reinforcing their commitment to vision care.
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Impact
July, 2024
Kentucky Lions Eye Foundation Inc's impact is significant in providing vision services to communities in need. Through their volunteer programs, they offer screenings and financial support for vision-related surgeries and medical needs, particularly focusing on children and adults facing financial challenges. During the last fiscal year, over 9,500 children and nearly 9,000 adults were screened through their programs. Furthermore, 70 visually impaired individuals received assistance for surgeries and other necessities. The Eye Clinic offered eye exams and services to approximately 2,000 individuals and supported eye exams. Through collaborative partnerships, the foundation enables greater independence and enhances the quality of life for all Kentuckians.
This information is meant to be a general summary of Kentucky Lions 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: $161,284
- Gross Receipts: $1,551,119
Assets and Liabilities:
- Total Assets: $4,909,096
- Total Liabilities: $44,339
- Net Assets: $4,864,757
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Organization Details
Founding Year
1954
Phone
(502) 583-0564Principal Officer
Lindy Lamkin
Main Address
301 EAST MUHAMMAD ALI BLVD, LOUISVILLE, KY, 40202
Website
www.kylionseye.orgNTEE Category
Code: G41Z - Disease
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