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Nonprofiteer
← RESTORINGVISION

Form 990 for tax year 2022

Filed by RESTORINGVISION.

Totals

Total revenue
$3,676,482
Total expenses
$4,115,451
Contributions and grants received
$3,333,790
Grants paid
$2,099,057
Program service revenue
$338,243
Investment income
$363
Other revenue
$4,086
Total assets, end of year
$3,851,264
Total liabilities, end of year
$1,393,320
Net assets or fund balances, end of year
$2,457,944
Program services expenses (Part IX)
$3,698,542
Management and general expenses
$178,852
Fundraising expenses
$238,057
Program service expenses (Part III)
$3,698,542

Program services were 89.9% 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)

    $103,363

  • 1f · All other contributions, gifts and grants

    $3,230,427

  • 1g · Noncash contributions included above

    $354,006

  • 2a · Program service revenue: HANDLING FEES

    total $257,200 · related or exempt $257,200

  • 2b · Program service revenue: SHIPPING INCOME

    total $73,371 · related or exempt $73,371

  • 2c · Program service revenue: SERVICE FEES INCOME

    total $7,672 · related or exempt $7,672

  • 3 · Investment income

    total $363 · excluded $363

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,086 · related or exempt $2,913 · excluded $1,173

  • 11e · Other revenue, total

    $4,086

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,228 · program services $142,228

  • 3 · Grants to foreign organizations and individuals

    total $1,956,829 · program services $1,956,829

  • 5 · Compensation of officers, directors and key employees

    total $358,400 · program services $250,880 · management and general $53,760 · fundraising $53,760

  • 7 · Other salaries and wages

    total $710,311 · program services $598,646 · management and general $10,272 · fundraising $101,393

  • 8 · Pension plan contributions

    total $15,377 · program services $12,452 · management and general $600 · fundraising $2,325

  • 9 · Other employee benefits

    total $45,662 · program services $38,281 · management and general $853 · fundraising $6,528

  • 10 · Payroll taxes

    total $80,257 · program services $64,027 · management and general $4,590 · fundraising $11,640

  • 11b · Fees: legal

    total $2,935 · management and general $2,935

  • 11c · Fees: accounting

    total $51,420 · program services $7,000 · management and general $37,420 · fundraising $7,000

  • 11g · Fees: other

    total $131,856 · program services $117,324 · management and general $7,972 · fundraising $6,560

  • 12 · Advertising and promotion

    total $71,210 · program services $33,682 · management and general $13,029 · fundraising $24,499

  • 13 · Office expenses

    total $14,591 · program services $12,582 · management and general $568 · fundraising $1,441

  • 14 · Information technology

    total $50,109 · program services $20,560 · management and general $12,686 · fundraising $16,863

  • 16 · Occupancy

    total $23,988 · program services $19,190 · management and general $2,399 · fundraising $2,399

  • 17 · Travel

    total $25,159 · program services $20,071 · management and general $1,439 · fundraising $3,649

  • 23 · Insurance

    total $7,573 · management and general $7,573

  • 24a · Other expenses: FREIGHT AND SHIPPING

    total $334,410 · program services $334,410

  • 24b · Other expenses: INVENTORY ADJUSTMENT

    total $36,596 · program services $36,596

  • 24c · Other expenses: OTHER EXPENSES

    total $30,437 · program services $7,681 · management and general $22,756

  • 24d · Other expenses: PRODUCTION SERVICES

    total $26,103 · program services $26,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $307,418 · end of year $123,144

  • 2 · Savings and temporary cash investments

    beginning of year $1,361,475 · end of year $1,959,838

  • 3 · Pledges and grants receivable

    beginning of year $390,890 · end of year $9,015

  • 8 · Inventories for sale or use

    beginning of year $1,196,683 · end of year $1,753,967

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,815 · end of year $5,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $260,846 · end of year $1,393,320

  • 19 · Deferred revenue

    beginning of year $2,163 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $103,359 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,646,913 · end of year $2,457,944

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $0

Mission and programs · 2022

Mission

TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED. WE DO THIS BY CREATING EQUITABLE ACCESS TO CRITICAL VISION SERVICES AND EYEGLASSES FOR INDIVIDUALS LIVING ON LESS THAN $2/DAY. OUR PROGRAMS AND VISION INTERVENTIONS ARE AT THE INTERSECTION OF GLOBAL HEALTH, EDUCATION, AND ECONOMIC DEVELOPMENT, AND ADVANCE PROGRESS IN EIGHT OF THE 17 UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS.

Activities or mission (Part I)

TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED.

  • RESTORINGVISION'S PROGRAMS ARE IMPLEMENTED IN PARTNERSHIP WITH AN UNPARALLELED NETWORK OF 2,500 NGOS AND GOVERNMENT AGENCY PARTNERS. WE HAVE TWO PROGRAMS, OUR GLOBAL ACCESS PROGRAM AND COMMUNITY OUTREACH PROGRAM, WHICH COLLECTIVELY REACH 3.5 MILLION PEOPLE ANNUALLY WITH THE VISION SERVICES AND EYEGLASSES THEY NEED TO SEE CLEARLY IN ORDER TO LIVE INDEPENDENT, PRODUCTIVE, AND HEALTHY LIVES. OUR PROGRAMS FOCUS PRIMARILY ON THE PROVISION OF VISION SCREENINGS AND READING GLASSES TO ADDRESS PRESBYOPIA, WHICH IMPACTS 826 MILLION PEOPLE WORLDWIDE. WE ALSO ADDRESS OTHER EYE ISSUES INCLUDING MYOPIA THROUGH THE PROVISION OF EYE EXAMS AND MINUS GLASSES FOR ADULTS AND CHILDREN AND THE PROVISION OF PROTECTIVE SUNGLASSES TO PREVENT THE EARLY ONSET OF CATARACTS AND OTHER EYE DISEASES. CONSISTENT WITH OUR STRATEGIC PLAN, WE ARE INCREASING OUR FOOTPRINT IN AFRICA, REACHING MORE REFUGEES, AND BUILDING LOCAL PROGRAMS TO ENSURE SUSTAINABLE ACCESS TO VISION SERVICES FOR PEOPLE LIVING IN POVERTY. THIS YEAR WE WILL REACH 100 COUNTRIES AND SCALE OUR WORK IN 18 COUNTRIES. SINCE OUR FOUNDING IN 2003, WE HAVE REACHED OVER 20 MILLION PEOPLE IN 144 COUNTRIES.

    Expenses $3,698,542 · Grants $2,099,056 · Revenue $341,156

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

Listed in Part VII

  • Kevin Hassey

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Erwin Cho

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Reade Fahs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myles Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pelin Munis

    CEO

    Total calculated
    $230,069
    From this org
    $203,961
    From related orgs
    $0
    Other
    $26,108
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $203,961
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $18,108
    Filer's total
    $230,069

  • Jayanth Bhuvaraghan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Peters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nira Jethani

    TREASURER (THRU 08/22)

    Total calculated
    $0
    Hours/week
    20

  • Donald Barclay

    CFO AND TREASURER (FROM 08/22)

    Total calculated
    $128,330
    From this org
    $123,040
    From related orgs
    $0
    Other
    $5,290
    Hours/week
    50

  • Aminah Yoba

    SR DIRECTOR OF DEVELOPMENT

    Total calculated
    $135,141
    From this org
    $130,285
    From related orgs
    $0
    Other
    $4,856
    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

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUSES ARE SET BY THE BOARD OF DIRECTORS AND BASED ON MERIT.

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313199349313886

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