Totals
- Total revenue
- $971,028
- Total expenses
- $1,145,356
- Contributions and grants received
- $365,116
- Grants paid
- $375,388
- Program service revenue
- $241,903
- Investment income
- $326,355
- Other revenue
- $37,654
- Total assets, end of year
- $4,583,321
- Total liabilities, end of year
- $59,887
- Net assets or fund balances, end of year
- $4,523,434
- Program services expenses (Part IX)
- $907,907
- Management and general expenses
- $150,331
- Fundraising expenses
- $87,118
- Program service expenses (Part III)
- $907,907
Program services were 79.3% 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
$365,116
-
1g · Noncash contributions included above
$12,126
-
2a · Program service revenue: Program Income
total $241,903 · related or exempt $241,903
-
3 · Investment income
total $107,952 · excluded $107,952
-
7a · Gross sales of assets other than inventory
securities $564,980
-
7b · Less cost or other basis and sales expenses
securities $346,577
-
7c · Gain or loss
securities $218,403
-
7d · Net gain or loss
total $218,403 · excluded $218,403
-
8c · Net income from fundraising events
total $0
-
10a · Gross sales of inventory
$41,417
-
10b · Cost of goods sold
$4,228
-
10c · Net income from sales of inventory
total $37,189 · excluded $37,189
-
11a · Other revenue: Miscellaneous Income
total $465 · related or exempt $465
-
11e · Other revenue, total
$465
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $375,388 · program services $375,388
-
5 · Compensation of officers, directors and key employees
total $299,168 · program services $214,110 · management and general $49,654 · fundraising $35,404
-
7 · Other salaries and wages
total $140,118 · program services $100,280 · management and general $23,256 · fundraising $16,582
-
8 · Pension plan contributions
total $8,441 · program services $6,033 · management and general $1,403 · fundraising $1,005
-
10 · Payroll taxes
total $35,287 · program services $25,366 · management and general $5,804 · fundraising $4,117
-
11c · Fees: accounting
total $41,830 · management and general $41,830
-
11f · Fees: investment management
total $14,981 · management and general $14,981
-
11g · Fees: other
total $119,389 · program services $115,461 · management and general $835 · fundraising $3,093
-
13 · Office expenses
total $20,615 · program services $6,283 · management and general $1,789 · fundraising $12,543
-
14 · Information technology
total $24,119 · program services $22,637 · management and general $289 · fundraising $1,193
-
16 · Occupancy
total $4,785 · program services $1,324 · management and general $229 · fundraising $3,232
-
22 · Depreciation, depletion and amortization
total $32,274 · program services $24,206 · management and general $4,195 · fundraising $3,873
-
23 · Insurance
total $7,337 · program services $3,327 · management and general $3,895 · fundraising $115
-
24a · Other expenses: Voucher Program
total $451 · management and general $331 · fundraising $120
-
24b · Other expenses: Other Expenses
total $21,173 · program services $13,492 · management and general $1,840 · fundraising $5,841
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $90,070 · end of year $159,891
-
3 · Pledges and grants receivable
beginning of year $10,000
-
4 · Accounts receivable
beginning of year $1,695 · end of year $1,688
-
8 · Inventories for sale or use
beginning of year $46,069 · end of year $61,155
-
9 · Prepaid expenses and deferred charges
beginning of year $9,109 · end of year $4,239
-
10a · Land, buildings and equipment: cost or other basis
$260,302
-
10b · Land, buildings and equipment: accumulated depreciation
$210,631
-
10c · Land, buildings and equipment, net
beginning of year $66,366 · end of year $49,671
-
11 · Investments: publicly traded securities
beginning of year $4,405,958 · end of year $4,306,677
-
17 · Accounts payable and accrued expenses
beginning of year $70,849 · end of year $59,887
-
27 · Net assets without donor restrictions
beginning of year $4,374,829 · end of year $4,324,845
-
28 · Net assets with donor restrictions
beginning of year $183,589 · end of year $198,589
Mission and programs · 2025
Mission
New Eyes provides the transformative tool of eyeglasses to children and adults facing financial challenges in the United States.
-
In FY2025-26, New Eyes purchased new eyeglasses for 15,204 children and adults in financial need in all 50 states, the District of Columbia and Puerto Rico at an average cost of $24.69. New Eyes also provided 5,000 new frames, donated by other eyewear manufacturers, for distribution at optical clinics overseas.
Expenses $903,679 · Grants $375,388 · Revenue $241,903
-
The Organization continues to sell eyeglasses to the public online under Azimuth Eyewear, started in FY2022-23, at market value, directing net proceeds to help fund the e-voucher program.
Expenses $4,228
As filed on the 2025 return.
Listed in Part VII
-
Jean Gajano
Executive Director
- Total calculated
- $162,240
- From this org
- $159,137
- From related orgs
- $0
- Other
- $3,103
- Hours/week
- 40
Schedule J breakdown matched by us · ignoring case and punctuation
- Base
- $154,137
- Bonus
- $5,000
- Other
- not reported
- Deferred
- $3,103
- Nontaxable benefits
- not reported
- Filer's total
- $162,240
-
Melissa Malone
Chief Operating Officer
- Total calculated
- $146,645
- From this org
- $143,790
- From related orgs
- $0
- Other
- $2,855
- Hours/week
- 40
-
Elizabeth Bisio
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Smith
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
James Pellicane Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Janet Campen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Alex Cooke
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Amiel Jaggernauth
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Katrina Van Amsterdam
President
- Total calculated
- $0
- Hours/week
- 2
-
Christopher Lee
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gautam Chhada
Board Member
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Approval by the board or compensation committee
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
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
- 2025
- Filed
- 29 June 2026
- IRS schema version
- 2025v4.2
- Source object
- 202621819349300422
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