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Nonprofiteer
← WORLD CATARACT FOUNDATION

Form 990 for tax year 2023

Filed by WORLD CATARACT FOUNDATION.

Totals

Total revenue
$343,151
Total expenses
$206,161
Contributions and grants received
$186,993
Grants paid
$0
Program service revenue
$0
Investment income
$65,271
Other revenue
$90,887
Total assets, end of year
$1,396,483
Total liabilities, end of year
$5,991
Net assets or fund balances, end of year
$1,390,492
Program services expenses (Part IX)
$178,712
Management and general expenses
$20,851
Fundraising expenses
$6,598
Program service expenses (Part III)
$178,712

Program services were 86.7% 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.

  • 1a · Federated campaigns

    $75,560

  • 1f · All other contributions, gifts and grants

    $111,433

  • 1g · Noncash contributions included above

    $110,878

  • 3 · Investment income

    total $52,138 · related or exempt $52,138

  • 7a · Gross sales of assets other than inventory

    securities $13,133

  • 7c · Gain or loss

    securities $13,133

  • 7d · Net gain or loss

    total $13,133 · related or exempt $13,133

  • 8a · Fundraising events: gross income

    $123,295

  • 8b · Fundraising events: direct expenses

    $32,408

  • 8c · Net income from fundraising events

    total $90,887 · excluded $90,887

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $78,000 · program services $58,500 · management and general $15,600 · fundraising $3,900

  • 8 · Pension plan contributions

    total $2,170 · program services $1,627 · management and general $434 · fundraising $109

  • 10 · Payroll taxes

    total $6,835 · program services $5,126 · management and general $1,367 · fundraising $342

  • 11c · Fees: accounting

    total $2,429 · program services $1,822 · management and general $486 · fundraising $121

  • 12 · Advertising and promotion

    total $440 · program services $330 · management and general $88 · fundraising $22

  • 13 · Office expenses

    total $487 · program services $366 · management and general $97 · fundraising $24

  • 14 · Information technology

    total $555 · program services $416 · management and general $111 · fundraising $28

  • 16 · Occupancy

    total $6,707 · program services $5,031 · management and general $1,341 · fundraising $335

  • 17 · Travel

    total $53,808 · program services $53,808

  • 23 · Insurance

    total $1,736 · program services $1,302 · management and general $347 · fundraising $87

  • 24a · Other expenses: MEDCIAL SUPPLIES

    total $28,524 · program services $28,524

  • 24b · Other expenses: PROGRAM EXPENSES

    total $10,000 · program services $10,000

  • 24c · Other expenses: FREEMAN PRJECT

    total $4,750 · program services $4,750

  • 24d · Other expenses: MISCELLANEOUS

    total $4,116 · program services $3,087 · management and general $823 · fundraising $206

  • 24e · All other expenses

    total $5,604 · program services $4,023 · management and general $157 · fundraising $1,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,843 · end of year $24,681

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

    $278,231

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

    $278,231

  • 11 · Investments: publicly traded securities

    beginning of year $1,221,581 · end of year $1,273,328

  • 15 · Other assets

    beginning of year $20,000 · end of year $98,474

  • 25 · Other liabilities

    beginning of year $3,207 · end of year $5,991

  • 27 · Net assets without donor restrictions

    beginning of year $1,228,364 · end of year $1,352,992

  • 28 · Net assets with donor restrictions

    beginning of year $27,853 · end of year $37,500

Mission and programs · 2023

Mission

THE WORLD CATARACT FOUNDATION PROVIDES HUMANITARIAN SERVICES HELPING THE WORLD TO SEE BY ELIMINATING CATARACT BLINDNESS THROUGH SURGERY, TRAINING AND EQUIPPING.

  • FREE SURGERIES FOR PEOPLE SUFFERING FROM LOW VISION OR BLINDNESS FROM CATARACTS IN DEVELOPING COUNTRIES.

    Expenses $120,212

  • FREE SURGERIES FOR PEOPLE SUFFERING FROM LOW VISION OR BLINDNESS FROM CATARACTS IN DEVELOPING COUNTRIES.

    Expenses $58,500

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

Listed in Part VII

  • Cristy Beech

    EXECUTIVE DI

    Total calculated
    $78,000
    From this org
    $78,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Pat Beech

    DIRECTOR

    Total calculated
    $0
  • Nancy Coe

    DIRECTOR

    Total calculated
    $0
  • Raleigh Crawford

    DIRECTOR

    Total calculated
    $0
  • Noble Crigler

    DIRECTOR

    Total calculated
    $0
  • Dr Chris Fleming

    DIRECTOR

    Total calculated
    $0
  • Kevin Floyd

    DIRECTOR

    Total calculated
    $0
  • Dr John Freeman

    DIRECTOR

    Total calculated
    $0
  • Dr Kimberly Freeman

    SECRETARY

    Total calculated
    $0
  • Jerre Freeman

    DIRECTOR

    Total calculated
    $0
  • Richard Grant

    DIRECTOR

    Total calculated
    $0
  • Dow McVean

    DIRECTOR

    Total calculated
    $0
  • Sandra Morris

    DIRECTOR

    Total calculated
    $0
  • Richard Myers

    VICE PRESIDE

    Total calculated
    $0
  • Patricia Sherman

    DIRECTOR

    Total calculated
    $0
  • Gib Wilson

    PRESIDENT

    Total calculated
    $0
  • Nancy Wilson

    DIRECTOR

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202443059349302294

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