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Nonprofiteer
← SANKARA EYE FOUNDATION USA

Form 990 for tax year 2022

Filed by SANKARA EYE FOUNDATION USA.

Totals

Total revenue
$9,778,681
Total expenses
$9,709,857
Contributions and grants received
$10,086,849
Grants paid
$8,299,027
Program service revenue
$0
Investment income
$30,009
Other revenue
-$338,177
Total assets, end of year
$9,576,211
Total liabilities, end of year
$122,267
Net assets or fund balances, end of year
$9,453,944
Program services expenses (Part IX)
$8,469,027
Management and general expenses
$649,080
Fundraising expenses
$591,750
Program service expenses (Part III)
$8,469,027

Program services were 87.2% 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.

  • 1c · Fundraising events

    $386,640

  • 1e · Government grants (contributions)

    $41,822

  • 1f · All other contributions, gifts and grants

    $9,658,387

  • 1g · Noncash contributions included above

    $100,971

  • 3 · Investment income

    total $30,009 · excluded $30,009

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $386,640

  • 8b · Fundraising events: direct expenses

    $338,177

  • 8c · Net income from fundraising events

    total -$338,177 · excluded -$338,177

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $8,299,027 · program services $8,299,027

  • 5 · Compensation of officers, directors and key employees

    total $138,341 · program services $48,420 · fundraising $89,921

  • 7 · Other salaries and wages

    total $49,900 · program services $3,174 · management and general $46,726

  • 9 · Other employee benefits

    total $10,689 · program services $1,603 · management and general $9,086

  • 10 · Payroll taxes

    total $13,574 · program services $4,072 · management and general $679 · fundraising $8,823

  • 11c · Fees: accounting

    total $40,336 · management and general $40,336

  • 11g · Fees: other

    total $281,195 · management and general $281,195

  • 12 · Advertising and promotion

    total $369,617 · program services $73,924 · fundraising $295,693

  • 13 · Office expenses

    total $253,881 · program services $22,143 · management and general $156,638 · fundraising $75,100

  • 16 · Occupancy

    total $68,183 · program services $10,227 · management and general $57,956

  • 17 · Travel

    total $1,281 · management and general $1,281

  • 22 · Depreciation, depletion and amortization

    total $1,918 · management and general $1,918

  • 23 · Insurance

    total $9,117 · management and general $9,117

  • 24a · Other expenses: EVENT EXPENSE

    total $129,887 · management and general $7,674 · fundraising $122,213

  • 24b · Other expenses: PRODUCTION + DESIGN

    total $42,911 · program services $6,437 · management and general $36,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,409,546 · end of year $3,847,527

  • 2 · Savings and temporary cash investments

    beginning of year $17,893 · end of year $4,645,385

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,004,271

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,425 · end of year $5,928

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

    $24,833

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

    $23,592

  • 10c · Land, buildings and equipment, net

    beginning of year $3,159 · end of year $1,241

  • 15 · Other assets

    beginning of year $3,240 · end of year $71,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,408 · end of year $52,628

  • 24 · Unsecured notes and loans payable

    beginning of year $41,822

  • 25 · Other liabilities

    beginning of year $0 · end of year $69,639

  • 27 · Net assets without donor restrictions

    beginning of year $5,516,254 · end of year $5,061,731

  • 28 · Net assets with donor restrictions

    beginning of year $3,876,779 · end of year $4,392,213

Mission and programs · 2022

Mission

TO WORK TOWARDS ERADICATING CURABLE BLINDNESS ALL OVER INDIA. OUR KEY PROGRAM IS VISION 20/20 - WITH THE GOAL OF PERFORMING 500,000 FREE SURGERIES PER YEAR THROUGHOUT INDIA. WE HAVE BEEN PRIMARILY PARTNERING WITH SANKARA EYE FOUNDATION IN INDIA IN OUR MISSION AND JOINTLY HAVE ESTABLISHED 9 HOSPITALS IN 7 STATES. THESE EFFORTS HAVE PROVIDED FOR OVER 160,000 FREE EYE SURGERIES ANNUALLY FOR THE RURAL POOR - MAKING IT AMONG THE LARGEST FREE EYE CARE PROVIDERS IN THE WORLD.

Activities or mission (Part I)

TO ERADICATE CURABLE BLINDNESS ALL OVER INDIA. WE ARE ACCOMPLISHING THIS MISSION BY RAISING FUNDS TO BUILD STATE-OF-THE-ART EYE HOSPITALS AND PROVIDING FUNDING FOR FREE EYE SURGERIES FOR THE RURAL POOR AT THESE HOSPITALS THROUGHOUT INDIA.

  • GENERAL SURGERIES FUND FOR PROVIDING EYE CARE BY PROVIDING FINANCIAL SUPPORT TO SEF INDIA, VISION INDIA FOUNDATION AND VISION FOUNDATION OF INDIA.

    Expenses $4,332,307 · Grants $4,254,027

  • PROVIDING FINANCIAL SUPPORT TO SEF, INDIA TO BUILD SUPER SPECIALITY EYE CARE HOSPITALS ACROSS DIFFERENT STATES IN INDIA.

    Expenses $4,136,720 · Grants $4,045,000

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

Listed in Part VII

  • K Sridharan

    PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Padma Parthasarathy

    CFO/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Divyogi Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sundar Radhakrishnan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Venkat Maddipati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Anjuben Desai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Sumanth Rajagopal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Krishnamurthy Muralidharan

    EXECUTIVE CHAIRMAN

    Total calculated
    $138,341
    From this org
    $131,500
    From related orgs
    $0
    Other
    $6,841
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349318937

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