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Nonprofiteer
← EYE CORPS INC

Form 990 for tax year 2022

Filed by EYE CORPS INC.

Totals

Total revenue
$677,800
Total expenses
$741,385
Contributions and grants received
$677,800
Grants paid
$327,313
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$342,139
Total liabilities, end of year
$14,942
Net assets or fund balances, end of year
$327,197
Program services expenses (Part IX)
$537,499
Management and general expenses
$203,886
Fundraising expenses
$0
Program service expenses (Part III)
$537,499

Program services were 72.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $677,800

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $327,313 · program services $327,313

  • 5 · Compensation of officers, directors and key employees

    total $355,326 · program services $177,663 · management and general $177,663

  • 10 · Payroll taxes

    total $19,802 · program services $9,901 · management and general $9,901

  • 11b · Fees: legal

    total $1,534 · management and general $1,534

  • 11c · Fees: accounting

    total $2,163 · management and general $2,163

  • 11g · Fees: other

    total $18,842 · program services $9,421 · management and general $9,421

  • 13 · Office expenses

    total $984 · program services $492 · management and general $492

  • 14 · Information technology

    total $770 · program services $385 · management and general $385

  • 17 · Travel

    total $9,996 · program services $9,996

  • 24a · Other expenses: MEMBERSHIP DUES

    total $2,784 · program services $1,392 · management and general $1,392

  • 24b · Other expenses: PAYROLL PROCESSING FEES

    total $884 · program services $442 · management and general $442

  • 24c · Other expenses: BUSINESS REGISTRATION F

    total $520 · program services $260 · management and general $260

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $467 · program services $234 · management and general $233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $393,401 · end of year $342,126

  • 4 · Accounts receivable

    end of year $13

  • 25 · Other liabilities

    beginning of year $2,619 · end of year $14,942

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $390,782 · end of year $327,197

Mission and programs · 2022

Mission

EYE CORPS IS A TEXAS 501(C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE BLINDNESS DUE TO CATARACTS. EYE CORPS USES ALL DONATIONS RECEIVED TO HELP IN ORGANIZING AND SETTING UP CATARACT CAMPS AND SURGICAL CENTERS OUTSIDE THE U.S. IN ORDER TO PERFORM CATARACT SURGERIES FOR LOCAL, INDIGENT POPULATIONS AT NO CHARGE. OUR GOAL IS TO HELP LOCAL DOCTORS AND NURSES BECOME MORE ADVANCED IN THEIR SURGICAL KNOWLEDGE AND TO PROVIDE UP-TO-DATE EQUIPMENT, SUPPLIES, AND FINANCIAL SUPPORT SO THE DOCTORS AND NURSES MAY PROVIDE THE NEEDED MEDICAL ASSISTANCE TO THE LOCAL POPULATION.

Activities or mission (Part I)

EYE CORPS IS A TEXAS 501(C)(3) NON-PROFIT CORPORATION WHOSE MISSION IS TO ELIMINATE BLINDNESS DUE TO CATARACTS. EYE CORPS USES ALL DONATIONS RECEIVED TO HELP IN ORGANIZING AND SETTING UP CATARACT CAMPS AND SURGICAL CENTERS OUTSIDE THE U.S. IN ORDER TO PERFORM CATARACT SURGERIES FOR LOCAL, INDIGENT POPULATIONS AT NO CHARGE. OUR GOAL IS TO HELP LOCAL DOCTORS AND NURSES BECOME MORE ADVANCED IN THEIR SURGICAL KNOWLEDGE AND TO PROVIDE UP-TO-DATE EQUIPMENT AND SUPPLIES, SO THE DOCTORS AND NURSES MAY PROVIDE THE NEEDED MEDICAL ASSISTANCE TO THE LOCAL POPULATION.

  • 1) ESTABLISH CATARACT SURGERY CENTERS IN TANZANIA.2) TRAIN TANZANIAN DOCTORS AND NURSES TO PERFORM CATARACT SURGERIES.3) ORGANIZE AND CONDUCT CATARACT SURGERY CAMPS IN TANZANIA.

    Expenses $537,499 · Grants $327,313

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James E Sowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven E Smathers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Susan M MacDonald

    PRESIDENT

    Total calculated
    $314,659
    From this org
    $314,659
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,659
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $314,659

  • Stephanie Nowacek

    TREASURER & SECRETARY

    Total calculated
    $40,667
    From this org
    $40,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202302639349301015

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