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Nonprofiteer
← DEAN MCGEE EYE INSTITUTE FOUNDATION

Form 990 for tax year 2023

Filed by DEAN MCGEE EYE INSTITUTE FOUNDATION.

Totals

Total revenue
$7,248,111
Total expenses
$5,345,752
Contributions and grants received
$5,307,770
Grants paid
$4,609,671
Program service revenue
$0
Investment income
$1,940,341
Other revenue
$0
Total assets, end of year
$54,044,548
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$54,044,548
Program services expenses (Part IX)
$4,609,671
Management and general expenses
$86,662
Fundraising expenses
$649,419
Program service expenses (Part III)
$4,609,671

Program services were 86.2% 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

    $5,307,770

  • 1g · Noncash contributions included above

    $525,875

  • 3 · Investment income

    total $1,241,116 · excluded $1,241,116

  • 7a · Gross sales of assets other than inventory

    securities $3,102,132

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

    securities $2,402,907

  • 7c · Gain or loss

    securities $699,225

  • 7d · Net gain or loss

    total $699,225 · excluded $699,225

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,609,671 · program services $4,609,671

  • 7 · Other salaries and wages

    total $247,275 · fundraising $247,275

  • 11f · Fees: investment management

    total $86,185 · management and general $86,185

  • 11g · Fees: other

    total $142,291 · management and general $477 · fundraising $141,814

  • 12 · Advertising and promotion

    total $166,778 · fundraising $166,778

  • 16 · Occupancy

    total $73,345 · fundraising $73,345

  • 17 · Travel

    total $9,502 · fundraising $9,502

  • 23 · Insurance

    total $8,179 · fundraising $8,179

  • 24a · Other expenses: MEDICAL EXPENSES

    total $2,526 · fundraising $2,526

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,290,831 · end of year $525,658

  • 3 · Pledges and grants receivable

    beginning of year $1,297,714 · end of year $1,910,089

  • 4 · Accounts receivable

    beginning of year $75 · end of year $3,497,216

  • 11 · Investments: publicly traded securities

    beginning of year $45,224,326 · end of year $47,099,932

  • 15 · Other assets

    beginning of year $990,319 · end of year $1,011,653

  • 27 · Net assets without donor restrictions

    beginning of year $26,312,070 · end of year $24,552,809

  • 28 · Net assets with donor restrictions

    beginning of year $22,491,195 · end of year $29,491,739

Mission and programs · 2023

Mission

CREATED AND OPERATED TO SUPPORT DEAN MCGEE EYE INSTITUTE IN THE FURTHERANCE OF ITS MISSION.

Activities or mission (Part I)

TO SUPPORT/BENEFIT THE DEAN MCGEE EYE INSTITUTE

  • THE DEAN MCGEE EYE INSTITUTE FOUNDATION'S PURPOSE IS TO SUPPORT THE DEAN MCGEE EYE INSTITUTE BY ENABLING IT TO BE ON THE CUTTING-EDGE OF RESEARCH, PROVIDE WORLD-CLASS PATIENT CARE AND EDUCATE THE NEXT GENERATION OF OPHTHALMOLOGISTS.

    Expenses $4,609,671 · Grants $4,609,671

As filed on the 2023 return.

Listed in Part VII

  • Garyl G Geist

    SECRETARY/TREASURER

    Total calculated
    $304,374
    From this org
    $0
    From related orgs
    $270,247
    Other
    $34,127
    Hours/week
    0.5 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,307 related
    Bonus
    $0 + $250 related
    Other
    $0 + $690 related
    Deferred
    $0 + $8,398 related
    Nontaxable benefits
    $0 + $25,729 related
    Filer's total
    $0 + $304,374 related

  • Chris Fleming

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 0.05 related

  • Jari Askins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • Michael A Cawley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 0.05 related

  • Ali Farzaneh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • Trent Hardman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • Stacy Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • Kevin Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • Max Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05

  • David E Rainbolt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 0.5 related

  • George Rainey Williams Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.05 + 0.5 related

  • Kimberly Howard

    VP FINANCE, CFO (UNTIL 8/16/2024)

    Total calculated
    $200,165
    From this org
    $0
    From related orgs
    $181,317
    Other
    $18,848
    Hours/week
    10 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,261 related
    Bonus
    $0 + $250 related
    Other
    $0 + $1,806 related
    Deferred
    $0 + $5,552 related
    Nontaxable benefits
    $0 + $13,296 related
    Filer's total
    $0 + $200,165 related

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

None.

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 3
COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, DEAN MCGEE EYE INSTITUTE, USING THE FOLLOWING METHODS: - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349309632

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