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Nonprofiteer
← HIMALAYAN CATARACT PROJECT INC

Form 990 for tax year 2022

Filed by HIMALAYAN CATARACT PROJECT INC.

Totals

Total revenue
$31,601,549
Total expenses
$12,153,584
Contributions and grants received
$26,532,439
Grants paid
$6,300,010
Program service revenue
$138,947
Investment income
$4,893,223
Other revenue
$36,940
Total assets, end of year
$34,164,209
Total liabilities, end of year
$1,784,678
Net assets or fund balances, end of year
$32,379,531
Program services expenses (Part IX)
$8,624,724
Management and general expenses
$2,335,272
Fundraising expenses
$1,193,588
Program service expenses (Part III)
$8,624,724

Program services were 71.0% 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)

    $174,400

  • 1f · All other contributions, gifts and grants

    $26,358,039

  • 1g · Noncash contributions included above

    $16,655,005

  • 2a · Program service revenue: TECH. & PROCUREMENT

    total $138,947 · related or exempt $138,947

  • 3 · Investment income

    total $193,428 · excluded $193,428

  • 7a · Gross sales of assets other than inventory

    securities $20,117,208

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

    securities $15,417,413

  • 7c · Gain or loss

    securities $4,699,795

  • 7d · Net gain or loss

    total $4,699,795 · excluded $4,699,795

  • 11a · Other revenue: SIGHTLIFE NOVARTIS PROJECT REIMBU

    total $25,827 · excluded $25,827

  • 11b · Other revenue: MERRILL LYNCH REIMBURSEMENT

    total $8,600 · excluded $8,600

  • 11c · Other revenue: DAYBREAK VISION PROJECT REIMBURSE

    total $2,513 · excluded $2,513

  • 11e · Other revenue, total

    $36,940

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $6,300,010 · program services $6,300,010

  • 5 · Compensation of officers, directors and key employees

    total $917,024 · program services $281,126 · management and general $445,375 · fundraising $190,523

  • 6 · Compensation of disqualified persons

    total $278,960 · management and general $278,960

  • 7 · Other salaries and wages

    total $2,149,204 · program services $1,211,244 · management and general $521,725 · fundraising $416,235

  • 8 · Pension plan contributions

    total $96,095 · program services $50,980 · management and general $26,688 · fundraising $18,427

  • 9 · Other employee benefits

    total $353,443 · program services $172,426 · management and general $118,388 · fundraising $62,629

  • 10 · Payroll taxes

    total $222,719 · program services $100,701 · management and general $81,649 · fundraising $40,369

  • 11b · Fees: legal

    total $4,725 · management and general $4,725

  • 11c · Fees: accounting

    total $127,156 · management and general $127,156

  • 11f · Fees: investment management

    total $41,503 · management and general $41,503

  • 11g · Fees: other

    total $213,060 · program services $51,997 · management and general $131,048 · fundraising $30,015

  • 13 · Office expenses

    total $146,819 · program services $42,337 · management and general $54,193 · fundraising $50,289

  • 14 · Information technology

    total $481,678 · program services $3,444 · management and general $151,035 · fundraising $327,199

  • 16 · Occupancy

    total $171,710 · program services $66,268 · management and general $95,819 · fundraising $9,623

  • 17 · Travel

    total $348,564 · program services $221,362 · management and general $121,353 · fundraising $5,849

  • 20 · Interest

    total $285 · management and general $285

  • 22 · Depreciation, depletion and amortization

    total $36,075 · program services $33,921 · management and general $1,543 · fundraising $611

  • 24a · Other expenses: PROCUREMENT PROGRAM EXP

    total $90,210 · program services $85,697 · management and general $4,513

  • 24b · Other expenses: RECRUITING

    total $63,507 · management and general $63,507

  • 24c · Other expenses: FUNDRAISING

    total $50,937 · management and general $14,224 · fundraising $36,713

  • 24d · Other expenses: MEMBERSHIPS

    total $29,551 · management and general $29,551

  • 24e · All other expenses

    total $30,349 · program services $3,211 · management and general $22,032 · fundraising $5,106

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,719,235 · end of year $21,013,254

  • 4 · Accounts receivable

    beginning of year $1,448,569 · end of year $3,184,833

  • 8 · Inventories for sale or use

    beginning of year $1,296,305 · end of year $2,405,614

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,162 · end of year $165,239

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

    $1,798,426

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

    $50,726

  • 10c · Land, buildings and equipment, net

    beginning of year $828,165 · end of year $1,747,700

  • 11 · Investments: publicly traded securities

    beginning of year $6,634,628 · end of year $5,538,036

  • 15 · Other assets

    beginning of year $404,783 · end of year $109,533

  • 17 · Accounts payable and accrued expenses

    beginning of year $855,259 · end of year $1,085,226

  • 19 · Deferred revenue

    end of year $699,452

  • 27 · Net assets without donor restrictions

    beginning of year $14,106,150 · end of year $28,380,169

  • 28 · Net assets with donor restrictions

    beginning of year $4,433,438 · end of year $3,999,362

Mission and programs · 2022

Mission

OUR MISSION IS TO CURE NEEDLESS BLINDNESS WITH THE HIGHEST QUALITY CARE AT THE LOWEST COST.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • ETHIOPIA: IN 2022, HCP DIRECTLY SUPPORTED ITS PARTNERS IN ETHIOPIA IN PROVIDING 23,359 OUTREACH SURGERIES THROUGH 51 HCP SUPPORTED OUTREACHES. HCP SUPPORTED 208 TRAINING OPPORTUNITIES FOR ETHIOPIAN OPHTHALMIC PROFESSIONALS IN 2022, WHILE ALSO PROCURING SPECIALIZED OPHTHALMIC SUPPLIES FOR 19 DIFFERENT PARTNER INSTITUTIONS. HCP CONTINUES TO SUPPORT CORNEA AND EYE BANK DEVELOPMENT WHILE ALSO ADVOCATING FOR ADDITIONAL HUMAN AND FINANCIAL RESOURCES DEDICATED TO EYE CARE THROUGH PARTICIPATION IN NATIONAL EYE HEALTH PLANNING AND SURVEYS. ADDITIONALLY, HCP CONTINUED CONSTRUCTION ON A SPECIALTY EYE CENTER IN ETHIOPIA.

    Expenses $3,115,521 · Grants $2,294,134

  • GHANA: CONTINUED SUPPORT FOR 14 IMPLEMENTING PARTNERS IN GHANA WHO PERFORMED 16,810 SURGERIES THROUGH HCP SUPPORTED OUTREACH EVENTS, WHILE PROVIDING 194 TRAINING OPPORTUNITIES FOR EYE CARE PROFESSIONALS.

    Expenses $2,920,422 · Grants $2,174,938

  • NEPAL: CONTINUED SUPPORT FOR LONGTIME PARTNER, THE TILGANGA INSTITUTE OF OPHTHALMOLOGY, TO HELP IN OUR COLLECTIVE EFFORTS OF STRENGTHENING EYE CARE IN NEPAL, INDIA, MYANMAR AND INDONESIA. TILGANGA OVERSEES ITS MAIN TRAINING HOSPITAL IN KATHMANDU AND 21 SATELLITE CLINICS THROUGHOUT RURAL NEPAL. IN 2022, HCP DIRECTLY SUPPORTED 969 SURGERIES AT COMMUNITY EYE CENTERS ACROSS NEPAL.

    Expenses $730,603 · Grants $544,292

  • BHUTAN: SUPPORTING COUNTRY-WIDE BLINDNESS ALLEVIATION PROGRAM AND THE HCP CONSTRUCTED NATIONAL EYE HOSPITAL IN THIMPHU, THE CAPITAL OF BHUTAN. FUNDS ARE PROVIDED TO SUPPORT NATIONAL EYE HEALTH PLANNING, COMMUNITY OUTREACH EFFORTS INCLUDING CATARACT SURGERY, SCHOOL EYE HEALTH SCREENINGS, HUMAN RESOURCE DEVELOPMENT, AND IN-KIND GRANTS OF OPHTHALMIC EQUIPMENT. HCP DIRECTLY SUPPORTED OVER 1,647 SURGERIES ON BHUTAN IN 2022.

    Expenses $308,748 · Grants $231,160

  • SOUTH SUDAN: DONATION OF OPHTHALMIC EQUIPMENT AND CONSUMABLES AS WELL AS OPERATIONAL COSTS TO SUPPORT THE PROVISION OF CATARACT SURGERY. HCP DIRECTLY SUPPORTED OVER 1,900 CATARACT SURGERIES IN SOUTH SUDAN.

    Expenses $581,399 · Grants $428,886

  • TECHNOLOGY AND PROCUREMENT PROGRAM: HCP'S TECHNOLOGY & PROCUREMENT PROGRAM SOURCES AND MANAGES EQUIPMENT AND MATERIALS FOR HCP PROGRAMS AS WELL AS THOSE BEING CONDUCTED BY OTHER ORGANIZATIONS.

    Expenses $123,873 · Revenue $138,947

  • OTHER PROGRAMS: INDIA, SIERRA LEONE, RWANDA, KENYA

    Expenses $844,158 · Grants $626,600

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

Listed in Part VII

  • Matthew Oliva MD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Geoffrey Tabin MD

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Kal Mentak PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dimitri Azar MD MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Farran Tozer Brown MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Guy Kezirian MD MBA Facs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Goldberg MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stewart Halpern Mppm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessica Feilmeier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert Wolcott PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Menghis Bairu MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adrienne Graves PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emily R Newick

    INTERIM CEO / CHIEF OPERATING OFFICER

    Total calculated
    $270,367
    From this org
    $236,495
    From related orgs
    $0
    Other
    $33,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,495
    Bonus
    $1,000
    Other
    $0
    Deferred
    $7,450
    Nontaxable benefits
    $26,422
    Filer's total
    $270,367

  • Katherine Overbey

    CHIEF EXECUTIVE OFFICER (FROM 10/2022)

    Total calculated
    $80,452
    From this org
    $73,846
    From related orgs
    $0
    Other
    $6,606
    Hours/week
    40

  • Jeff Lively

    GENERAL COUNSEL

    Total calculated
    $185,140
    From this org
    $177,645
    From related orgs
    $0
    Other
    $7,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,496
    Bonus
    $2,149
    Other
    $0
    Deferred
    $5,671
    Nontaxable benefits
    $1,824
    Filer's total
    $185,140

  • Sarah Judd

    DEVELOPMENT DIRECTOR

    Total calculated
    $189,449
    From this org
    $166,621
    From related orgs
    $0
    Other
    $22,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,472
    Bonus
    $2,149
    Other
    $0
    Deferred
    $5,319
    Nontaxable benefits
    $17,509
    Filer's total
    $189,449

  • Alex Smith Davis

    CHIEF OF PROGRAMS

    Total calculated
    $191,616
    From this org
    $160,083
    From related orgs
    $0
    Other
    $31,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,971
    Bonus
    $2,112
    Other
    $0
    Deferred
    $5,111
    Nontaxable benefits
    $26,422
    Filer's total
    $191,616

  • Jackton Downard

    DIRECTOR OF FINANCE

    Total calculated
    $154,534
    From this org
    $124,149
    From related orgs
    $0
    Other
    $30,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,004
    Bonus
    $2,145
    Other
    $0
    Deferred
    $3,963
    Nontaxable benefits
    $26,422
    Filer's total
    $154,534

  • Pamela Clapp

    SENIOR PROGRAM & TRAINING DIRECTOR

    Total calculated
    $142,897
    From this org
    $112,872
    From related orgs
    $0
    Other
    $30,025
    Hours/week
    40

  • William Shields

    GLOBAL DIRECTOR OF TECHNOLOGY

    Total calculated
    $164,191
    From this org
    $159,112
    From related orgs
    $0
    Other
    $5,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,629
    Bonus
    $1,483
    Other
    $0
    Deferred
    $5,079
    Nontaxable benefits
    $0
    Filer's total
    $164,191

  • Job Heintz -Former Officer

    STRATEGIC ADV. (UNTIL 04/2022)

    Total calculated
    $278,520
    From this org
    $262,510
    From related orgs
    $0
    Other
    $16,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $86,707
    Bonus
    $0
    Other
    $175,803
    Deferred
    $8,380
    Nontaxable benefits
    $7,630
    Filer's total
    $278,520

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 1A
OCCASIONALLY BUSINESS CLASS FLIGHTS WERE BOOKED WHEN SURGICAL SKILLS WERE REQUIRED SHORTLY UPON ARRIVAL.
PART I, LINE 4A
- JOB HEINTZ - SEVERANCE $175,803
PART I, LINE 8
HCP MOVED ITS FORMER CEO INTO A TRANSITIONAL POSITION AS GLOBAL STRATEGIC ADVISOR TO HELP BUILD HCP'S PLAN TO SCALE THE ORGANIZATION AND TO BEST POSITION HCP FOR SUCCESS IN ITS SEARCH FOR ITS NEXT CEO. FOR COMPENSATION PAID, HCP HAD A PROCESS CALCULATED TO MEET THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER IRS REGULATIONS 53.4958-6.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313139349305801

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