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Nonprofiteer
← HIMALAYAN CATARACT PROJECT INC

Form 990 for tax year 2023

Filed by HIMALAYAN CATARACT PROJECT INC.

Totals

Total revenue
$7,275,872
Total expenses
$14,134,875
Contributions and grants received
$6,551,257
Grants paid
$6,702,857
Program service revenue
$46,669
Investment income
$665,276
Other revenue
$12,670
Total assets, end of year
$28,444,342
Total liabilities, end of year
$2,172,369
Net assets or fund balances, end of year
$26,271,973
Program services expenses (Part IX)
$10,859,592
Management and general expenses
$2,425,813
Fundraising expenses
$849,470
Program service expenses (Part III)
$10,859,592

Program services were 76.8% 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.

  • 1e · Government grants (contributions)

    $577,266

  • 1f · All other contributions, gifts and grants

    $5,973,991

  • 1g · Noncash contributions included above

    $302,569

  • 2a · Program service revenue: TECH. & PROCUREMENT

    total $46,669 · related or exempt $46,669

  • 3 · Investment income

    total $515,251 · excluded $515,251

  • 7a · Gross sales of assets other than inventory

    securities $22,100,385

  • 7b · Less cost or other basis and sales expenses

    securities $21,950,360

  • 7c · Gain or loss

    securities $150,025

  • 7d · Net gain or loss

    total $150,025 · excluded $150,025

  • 11a · Other revenue: CURRENCY GAIN

    total $12,585 · excluded $12,585

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $85 · excluded $85

  • 11e · Other revenue, total

    $12,670

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,635,732 · program services $1,635,732

  • 3 · Grants to foreign organizations and individuals

    total $5,067,125 · program services $5,067,125

  • 5 · Compensation of officers, directors and key employees

    total $1,179,944 · program services $355,896 · management and general $745,060 · fundraising $78,988

  • 7 · Other salaries and wages

    total $2,622,212 · program services $1,577,743 · management and general $652,386 · fundraising $392,083

  • 8 · Pension plan contributions

    total $104,661 · program services $59,332 · management and general $30,487 · fundraising $14,842

  • 9 · Other employee benefits

    total $454,487 · program services $266,988 · management and general $120,427 · fundraising $67,072

  • 10 · Payroll taxes

    total $258,027 · program services $133,705 · management and general $91,606 · fundraising $32,716

  • 11b · Fees: legal

    total $24,010 · program services $13,891 · management and general $7,456 · fundraising $2,663

  • 11c · Fees: accounting

    total $41,406 · program services $23,956 · management and general $12,858 · fundraising $4,592

  • 11f · Fees: investment management

    total $43,565 · management and general $43,565

  • 11g · Fees: other

    total $670,877 · program services $325,176 · management and general $254,727 · fundraising $90,974

  • 12 · Advertising and promotion

    total $26,108 · program services $11,561 · management and general $10,719 · fundraising $3,828

  • 13 · Office expenses

    total $124,503 · program services $47,415 · management and general $31,955 · fundraising $45,133

  • 14 · Information technology

    total $294,742 · program services $137,652 · management and general $115,750 · fundraising $41,340

  • 16 · Occupancy

    total $170,580 · program services $81,541 · management and general $66,815 · fundraising $22,224

  • 17 · Travel

    total $515,675 · program services $428,658 · management and general $64,118 · fundraising $22,899

  • 19 · Conferences, conventions and meetings

    total $134,211 · program services $39,599 · management and general $94,612

  • 20 · Interest

    total $99 · management and general $99

  • 22 · Depreciation, depletion and amortization

    total $34,409 · program services $33,414 · management and general $699 · fundraising $296

  • 23 · Insurance

    total $71,716 · program services $34,453 · management and general $27,457 · fundraising $9,806

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $522,643 · program services $522,643

  • 24b · Other expenses: DUES AND SUBS

    total $62,013 · program services $26,799 · management and general $25,947 · fundraising $9,267

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $25,799 · program services $13,368 · management and general $9,159 · fundraising $3,272

  • 24d · Other expenses: ADMIN SERVICE FEES

    total $22,522 · program services $12,065 · management and general $6,526 · fundraising $3,931

  • 24e · All other expenses

    total $27,809 · program services $10,880 · management and general $13,385 · fundraising $3,544

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $21,013,254 · end of year $11,866,673

  • 3 · Pledges and grants receivable

    end of year $825,234

  • 4 · Accounts receivable

    beginning of year $3,184,833

  • 8 · Inventories for sale or use

    beginning of year $2,405,614 · end of year $2,366,688

  • 9 · Prepaid expenses and deferred charges

    beginning of year $165,239 · end of year $241,748

  • 10a · Land, buildings and equipment: cost or other basis

    $3,021,002

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,135

  • 10c · Land, buildings and equipment, net

    beginning of year $1,747,700 · end of year $2,935,867

  • 11 · Investments: publicly traded securities

    beginning of year $5,538,036 · end of year $9,687,601

  • 15 · Other assets

    beginning of year $109,533 · end of year $520,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,085,226 · end of year $1,474,097

  • 19 · Deferred revenue

    beginning of year $699,452 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $698,272

  • 27 · Net assets without donor restrictions

    beginning of year $28,380,169 · end of year $24,059,257

  • 28 · Net assets with donor restrictions

    beginning of year $3,999,362 · end of year $2,212,716

Mission and programs · 2023

Mission

WE ENABLE COUNTRIES TO CURE AVOIDABLE BLINDNESS BY DEVELOPING HIGH QUALITY, COST-EFFECTIVE EYE CARE IN UNDERSERVED AREAS OF THE WORLD.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • ETHIOPIA: IN 2023, HCP DIRECTLY SUPPORTED ITS PARTNERS IN ETHIOPIA BY PROVIDING 26,359 OUTREACH SURGERIES THROUGH 45 HCP SUPPORTED OUTREACHES, 228 PEDIATRIC SURGERIES, 988 OPHTHALMIC SURGERIES OF DIFFERENT TYPES (CORNEA TRANSPLANT, GLAUCOMA, DCR AND ETC). HCP SUPPORTED 722 TRAINING OPPORTUNITIES FOR ETHIOPIAN OPHTHALMIC PROFESSIONALS IN 2023, WHILE ALSO PROCURING SPECIALIZED OPHTHALMIC EQUIPMENT AND SUPPLIES FOR 24 DIFFERENT PARTNER INSTITUTIONS. HCP CONTINUES TO SUPPORT CORNEA AND EYE BANK DEVELOPMENT WHILE ALSO ADVOCATING FOR EYE HEALTH PRIORITIZATION BY KEY STAKEHOLDERS THROUGH SUPPORTING THE DEVELOPMENT OF A MULTI YEAR NATIONAL EYE HEALTH STRATEGIC PLAN. HCP IS THE FIRST INGO IN ETHIOPIA TO SUPPORT MOH IN IMPLEMENTING A FULL SCALE PRIMARY EYECARE PROGRAM IN SELECTED PARTS OF THE COUNTRY. ADDITIONALLY, HCP CONTINUED CONSTRUCTION ON A SPECIALTY EYE CENTER IN ETHIOPIA.

    Expenses $3,873,328 · Grants $2,767,952

  • GHANA: CONTINUED SUPPORT FOR 14 IMPLEMENTING PARTNERS IN GHANA WHO PERFORMED 16,810 SURGERIES THROUGH HCP SUPPORTED OUTREACH EVENTS, WHILE PROVIDING 194 TRAINING OPPORTUNITIES FOR EYE CARE PROFESSIONALS. WE ALSO SUPPORTED CORNEA SUMMIT TO FACILITATE THE PASSAGE OF THE HUMAN AND ORGAN TRANSPLANT ACT (HOTA) WHICH IS STILL WORK IN PROGRESS. 81 PEDIATRIC CATARACT SURGERIES WERE COMPLETED. 2,224 CHILDREN WERE SCREENED AND 50 TEACHERS WERE ALSO SCREENED. 139 GLASSES WERE PROVIDED FOR CHILDREN AND 30 FOR TEACHERS.

    Expenses $1,877,955 · Grants $1,706,841

  • NEPAL: CONTINUED SUPPORT FOR LONGTIME PARTNER, THE TILGANGA INSTITUTE OF OPHTHALMOLOGY, TO HELP IN OUR COLLECTIVE EFFORTS OF STRENGTHENING EYE CARE IN NEPAL, INDIA, MYANMAR AND INDONESIA. TILGANGA OVERSEES ITS MAIN TRAINING HOSPITAL IN KATHMANDU AND 9 SATELLITE CLINICS THROUGHOUT RURAL NEPAL. IN 2023, HCP DIRECTLY SUPPORTED 91,618 EYE SCREENINGS AND 2,877 SURGERIES AT COMMUNITY EYE CENTERS ACROSS NEPAL AND 237 PEDIATRIC SURGERIES AT TILGANGA INSTITUTE OF OPTHALMOLOGY. HCP SUPPORTED 1,224 CORNEA TRANSPLANTS TO COMBAT CORNEAL BLINDNESS AND TRAINED 382 EYE HEALTH WORKERS IN NEPAL. HCP ALSO PROVIDED 14 PIECES OF EQUIPMENT TO TILGANGA INSTITUTE OF OPTHALMOLOGY.

    Expenses $922,561 · Grants $874,000

  • BHUTAN: HCP SUPPORTS A COUNTRY-WIDE BLINDNESS ALLEVIATION PROGRAM AND THE HCP CONSTRUCTED NATIONAL EYE HOSPITAL IN THIMPHU, THE CAPITAL OF BHUTAN. FUNDS ARE PROVIDED TO SUPPORT NATIONAL EYE HEALTH PLANNING, COMMUNITY OUTREACH EFFORTS INCLUDING CATARACT SURGERY, SCHOOL EYE HEALTH SCREENINGS, HUMAN RESOURCE DEVELOPMENT, AND IN-KIND GRANTS OF OPHTHALMIC EQUIPMENT. HCP DIRECTLY SUPPORTED 1,164 SURGERIES AT OUTREACHES IN BHUTAN IN 2023, 40 CORNEA TRANSPLANTS, PROVIDED TRAINING FOR 71 OPHTHALMIC PERSONNEL.

    Expenses $103,405 · Grants $97,011

  • SOUTH SUDAN: DONATION OF OPHTHALMIC EQUIPMENT AND CONSUMABLES AS WELL AS OPERATIONAL COSTS TO SUPPORT THE PROVISION OF CATARACT SURGERY. HCP DIRECTLY SUPPORTED OVER 4,377 CATARACT SURGERIES IN SOUTH SUDAN.

    Expenses $242,975 · Grants $242,975

  • OTHER PROGRAMS: INDIA, ERITREA, SOMALIA, KENYA, TANZANIA, RWANDA, PROGRAM SERVICES ALLOCATION.HCP WORKS WITH 2 PARTNERS IN INDIA FOCUSED ON ADDRESSING CORNEAL BLINDNESS, PREVENTION, AND HIGH-QUALITY TRAINING PROGRAMS. IN EASTERN AFRICA COUNTRIES, HCP WORKS WITH 5 PARTNERS TO ADVANCE EYE CARE BY BUILDING LOCAL CAPACITY, ENSURING QUALITY INFRASTRUCTURE AND EQUIPMENT ARE AVAILABLE, ENABLING QUALITY PATIENT CARE AND AIDING EFFECTIVE PREVENTION. PROGRAM SUPPORT SERVICES INCLUDING PROGRAM PLANNING, MANAGEMENT AND EXECUTION; OPHTHALMIC EQUIPMENT AND CONSUMABLE SOURCING, LOGISTICS AND SUPPORT; AND PROGRAMMATIC MONITORING, LEARNING AND EVALUATION, IN SUPPORT OF PROGRAMS ACROSS ALL GEOGRAPHIES.

    Expenses $3,839,368 · Grants $1,014,078 · Revenue $46,669

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GEOFFREY TABIN MD

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MATTHEW OLIVA MD

    LEAD DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • JEFFREY GOLDBERG MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ADRIENNE GRAVES PHD

    BOARD MEMBER (THROUGH 8/23)

    Total calculated
    $0
    Hours/week
    2

  • STEWART HALPERN MPPM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GUY KEZIRIAN MD MBA FACS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FARRAN TOZER BROWN MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KAL MENTAK PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JESSICA FEILMEIER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DIMITRI AZAR MD MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROBERT WOLCOTT PHD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MENGHIS BAIRU MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATHERINE OVERBEY

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $347,743
    From this org
    $304,591
    From related orgs
    $0
    Other
    $43,152
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,591
    Bonus
    $0
    Other
    $0
    Deferred
    $10,500
    Nontaxable benefits
    $32,652
    Filer's total
    $347,743

  • EMILY R NEWICK

    CHIEF OPERATING OFFICER

    Total calculated
    $252,818
    From this org
    $213,803
    From related orgs
    $0
    Other
    $39,015
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,803
    Bonus
    $0
    Other
    $0
    Deferred
    $6,412
    Nontaxable benefits
    $32,603
    Filer's total
    $252,818

  • JEFF LIVELY

    GENERAL COUNSEL

    Total calculated
    $199,261
    From this org
    $189,813
    From related orgs
    $0
    Other
    $9,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,813
    Bonus
    $0
    Other
    $0
    Deferred
    $5,690
    Nontaxable benefits
    $3,758
    Filer's total
    $199,261

  • JACKTON DOWNARD

    VICE PRESIDENT, FINANCE

    Total calculated
    $198,696
    From this org
    $161,611
    From related orgs
    $0
    Other
    $37,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,611
    Bonus
    $0
    Other
    $0
    Deferred
    $4,844
    Nontaxable benefits
    $32,241
    Filer's total
    $198,696

  • JEFF WALLACE

    CHIEF MARKETING OFFICER (FROM 3/23)

    Total calculated
    $181,426
    From this org
    $152,554
    From related orgs
    $0
    Other
    $28,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,554
    Bonus
    $0
    Other
    $0
    Deferred
    $1,830
    Nontaxable benefits
    $27,042
    Filer's total
    $181,426

  • JEFF DORETTI

    VICE PRESIDENT, GLOBAL TALENT & HR

    Total calculated
    $161,303
    From this org
    $143,716
    From related orgs
    $0
    Other
    $17,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,716
    Bonus
    $0
    Other
    $0
    Deferred
    $4,307
    Nontaxable benefits
    $13,280
    Filer's total
    $161,303

  • PAMELA CLAPP

    ASSOCIATE VICE PRESIDENT, STRATEGIC INITIATIVES

    Total calculated
    $153,145
    From this org
    $117,671
    From related orgs
    $0
    Other
    $35,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,671
    Bonus
    $0
    Other
    $0
    Deferred
    $3,526
    Nontaxable benefits
    $31,948
    Filer's total
    $153,145

  • KARLA KLOTZ

    FINANCIAL CONTROLLER

    Total calculated
    $141,700
    From this org
    $115,190
    From related orgs
    $0
    Other
    $26,510
    Hours/week
    40

  • JOSIE NOAH

    CHIEF PROGRAM OFFICER (FROM 4/23)

    Total calculated
    $140,965
    From this org
    $130,318
    From related orgs
    $0
    Other
    $10,647
    Hours/week
    40

  • RUTH BOLAN

    CHIEF DEVELOPMENT OFFICER (FROM 5/23)

    Total calculated
    $120,865
    From this org
    $106,671
    From related orgs
    $0
    Other
    $14,194
    Hours/week
    40

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
OCCASIONALLY BUSINESS CLASS FLIGHTS WERE BOOKED WHEN SURGICAL SKILLS WERE REQUIRED SHORTLY UPON ARRIVAL.

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202403129349302750

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