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Nonprofiteer
← KNIGHTS TEMPLAR EYE FOUNDATION INC

Form 990 for tax year 2024

Filed by KNIGHTS TEMPLAR EYE FOUNDATION INC.

Totals

Total revenue
$12,597,408
Total expenses
$8,288,381
Contributions and grants received
$2,627,883
Grants paid
$6,183,262
Program service revenue
$0
Investment income
$8,928,928
Other revenue
$1,040,597
Total assets, end of year
$201,316,355
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$201,316,355
Program services expenses (Part IX)
$6,788,955
Management and general expenses
$1,174,108
Fundraising expenses
$325,318
Program service expenses (Part III)
$6,788,955

Program services were 81.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,627,883

  • 3 · Investment income

    total $4,755,007 · excluded $4,755,007

  • 7a · Gross sales of assets other than inventory

    securities $45,640,706

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

    securities $41,466,785

  • 7c · Gain or loss

    securities $4,173,921

  • 7d · Net gain or loss

    total $4,173,921 · excluded $4,173,921

  • 8a · Fundraising events: gross income

    $1,189,992

  • 8b · Fundraising events: direct expenses

    $255,868

  • 8c · Net income from fundraising events

    total $934,124 · excluded $934,124

  • 11a · Other revenue: REFUNDS-UNUTILIZED GRA

    total $106,449 · related or exempt $106,449

  • 11b · Other revenue: OTHER INCOME

    total $24 · related or exempt $24

  • 11e · Other revenue, total

    $106,473

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,183,262 · program services $6,183,262

  • 5 · Compensation of officers, directors and key employees

    total $107,200 · management and general $80,603 · fundraising $26,597

  • 7 · Other salaries and wages

    total $215,211 · program services $196,671 · fundraising $18,540

  • 8 · Pension plan contributions

    total $12,064 · management and general $12,064

  • 10 · Payroll taxes

    total $24,480 · program services $14,933 · management and general $6,120 · fundraising $3,427

  • 11b · Fees: legal

    total $27,817 · program services $6,954 · management and general $6,954 · fundraising $13,909

  • 11c · Fees: accounting

    total $40,232 · management and general $40,232

  • 11f · Fees: investment management

    total $827,969 · management and general $827,969

  • 13 · Office expenses

    total $51,957 · program services $27,424 · management and general $16,696 · fundraising $7,837

  • 14 · Information technology

    total $210,190 · program services $111,328 · management and general $70,714 · fundraising $28,148

  • 16 · Occupancy

    total $54,969 · program services $32,981 · management and general $10,994 · fundraising $10,994

  • 17 · Travel

    total $28,726 · program services $14,363 · management and general $7,182 · fundraising $7,181

  • 19 · Conferences, conventions and meetings

    total $130,694 · program services $83,255 · management and general $30,152 · fundraising $17,287

  • 22 · Depreciation, depletion and amortization

    total $3,483 · management and general $3,483

  • 23 · Insurance

    total $18,914 · management and general $18,914

  • 24a · Other expenses: PUBLICITY AND PUBLIC RE

    total $169,746 · program services $71,909 · management and general $335 · fundraising $97,502

  • 24b · Other expenses: POSTAGE

    total $58,544 · program services $26,345 · management and general $2,927 · fundraising $29,272

  • 24c · Other expenses: VOLUNTARY CONTRIBUTION

    total $46,804 · fundraising $46,804

  • 24d · Other expenses: HEALTH

    total $29,555 · management and general $29,555

  • 24e · All other expenses

    total $46,564 · program services $19,530 · management and general $9,214 · fundraising $17,820

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,889,802 · end of year $346,077

  • 2 · Savings and temporary cash investments

    beginning of year $5,997,934 · end of year $12,666,111

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

    $147,799

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

    $127,481

  • 10c · Land, buildings and equipment, net

    beginning of year $23,801 · end of year $20,318

  • 11 · Investments: publicly traded securities

    beginning of year $174,704,936 · end of year $188,277,319

  • 15 · Other assets

    beginning of year $6,530 · end of year $6,530

  • 27 · Net assets without donor restrictions

    beginning of year $173,938,285 · end of year $189,631,637

  • 28 · Net assets with donor restrictions

    beginning of year $11,684,718 · end of year $11,684,718

Mission and programs · 2024

Mission

TO IMPROVE VISION THROUGH RESEARCH, EDUCATION, AND SUPPORTING ACCESS TO CARE.

  • EYE RESEARCH GRANTS TO HOSPITALS, FOUNDATIONS, AND SCHOOLS.

    Expenses $6,788,955 · Grants $6,183,262

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey N Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David J Kussman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Jack M Harper II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey A Bolstad

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Lawrence E Tucker

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Kenneth B Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William H Koon II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David D Goodwin

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • James C Herndon

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Terry L Plemons

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • David M Dryer

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Daniel R Sherry

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • David W Studley

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Duane L Vaught

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Benjamin F Williams

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • James C McGee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeremy C Vaughn

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Rodney Mann

    DIRECTOR-AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Robert W Bigley

    ASSIST SECY/OFFICE ADMINISTRATOR

    Total calculated
    $107,200
    From this org
    $107,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Darin Brown

    EMPLOYEE

    Total calculated
    $118,281
    From this org
    $118,281
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
8 December 2025
IRS schema version
2024v5.2
Source object
202513439349301111

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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