Skip to content
Nonprofiteer
← HIMALAYAN CATARACT PROJECT INC

Form 990 for tax year 2025

Filed by HIMALAYAN CATARACT PROJECT INC.

Totals

Total revenue
$39,631,386
Total expenses
$38,885,105
Contributions and grants received
$32,838,184
Grants paid
$26,736,753
Program service revenue
$0
Investment income
$6,787,619
Other revenue
$5,583
Total assets, end of year
$40,962,507
Total liabilities, end of year
$4,672,651
Net assets or fund balances, end of year
$36,289,856
Program services expenses (Part IX)
$33,140,942
Management and general expenses
$4,385,725
Fundraising expenses
$1,358,438
Program service expenses (Part III)
$33,140,942

Program services were 85.2% 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.

  • 1e · Government grants (contributions)

    $617,776

  • 1f · All other contributions, gifts and grants

    $32,220,408

  • 1g · Noncash contributions included above

    $22,933,429

  • 3 · Investment income

    total $605,676 · excluded $605,676

  • 7a · Gross sales of assets other than inventory

    securities $53,094,025

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

    securities $46,912,082

  • 7c · Gain or loss

    securities $6,181,943

  • 7d · Net gain or loss

    total $6,181,943 · excluded $6,181,943

  • 11a · Other revenue: CURRENCY GAIN

    total $4,802 · excluded $4,802

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $781 · excluded $781

  • 11e · Other revenue, total

    $5,583

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,504,876 · program services $1,504,876

  • 3 · Grants to foreign organizations and individuals

    total $25,231,877 · program services $25,231,877

  • 5 · Compensation of officers, directors and key employees

    total $1,745,529 · program services $530,170 · management and general $975,089 · fundraising $240,270

  • 7 · Other salaries and wages

    total $3,341,857 · program services $1,463,444 · management and general $1,356,126 · fundraising $522,287

  • 8 · Pension plan contributions

    total $138,058 · program services $58,885 · management and general $57,784 · fundraising $21,389

  • 9 · Other employee benefits

    total $613,392 · program services $269,848 · management and general $246,040 · fundraising $97,504

  • 10 · Payroll taxes

    total $333,058 · program services $132,471 · management and general $150,307 · fundraising $50,280

  • 11b · Fees: legal

    total $111,100 · management and general $111,100

  • 11c · Fees: accounting

    total $65,136 · program services $53,828 · management and general $11,308

  • 11f · Fees: investment management

    total $56,311 · management and general $56,311

  • 11g · Fees: other

    total $1,535,593 · program services $849,994 · management and general $547,063 · fundraising $138,536

  • 12 · Advertising and promotion

    total $117,407 · program services $6 · management and general $43,744 · fundraising $73,657

  • 13 · Office expenses

    total $120,069 · program services $19,922 · management and general $64,453 · fundraising $35,694

  • 14 · Information technology

    total $599,249 · program services $191,981 · management and general $304,562 · fundraising $102,706

  • 16 · Occupancy

    total $131,625 · program services $43,408 · management and general $80,143 · fundraising $8,074

  • 17 · Travel

    total $703,840 · program services $552,176 · management and general $111,981 · fundraising $39,683

  • 19 · Conferences, conventions and meetings

    total $350,507 · program services $225,139 · management and general $113,174 · fundraising $12,194

  • 22 · Depreciation, depletion and amortization

    total $12,146 · program services $12,146

  • 23 · Insurance

    total $46,545 · program services $5,028 · management and general $39,574 · fundraising $1,943

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $1,538,552 · program services $1,538,552

  • 24b · Other expenses: DUES AND SUBS

    total $249,142 · program services $227,145 · management and general $13,593 · fundraising $8,404

  • 24c · Other expenses: SHIPPING

    total $157,314 · program services $157,314

  • 24d · Other expenses: SCREENING ACCESS

    total $36,667 · program services $36,667

  • 24e · All other expenses

    total $145,255 · program services $36,065 · management and general $103,373 · fundraising $5,817

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,757,713 · end of year $11,372,209

  • 3 · Pledges and grants receivable

    beginning of year $642,207 · end of year $466,046

  • 8 · Inventories for sale or use

    beginning of year $2,928,055 · end of year $3,906,209

  • 9 · Prepaid expenses and deferred charges

    beginning of year $170,572 · end of year $273,635

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

    $5,450,543

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

    $96,389

  • 10c · Land, buildings and equipment, net

    beginning of year $3,999,813 · end of year $5,354,154

  • 11 · Investments: publicly traded securities

    beginning of year $19,545,390 · end of year $18,836,019

  • 15 · Other assets

    beginning of year $1,513,292 · end of year $754,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,276,675 · end of year $4,593,633

  • 25 · Other liabilities

    beginning of year $600,499 · end of year $79,018

  • 27 · Net assets without donor restrictions

    beginning of year $36,744,737 · end of year $34,306,928

  • 28 · Net assets with donor restrictions

    beginning of year $1,935,131 · end of year $1,982,928

Mission and programs · 2025

Mission

WE ENABLE COUNTRIES TO CURE AVOIDABLE BLINDNESS BY DEVELOPING HIGH QUALITY, COST-EFFECTIVE EYE CARE IN UNDERSERVED AREAS OF THE WORLD.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • INDIA: CURE BLINDNESS PROJECT SUPPORTS OVER 5 PARTNERS IN INDIA WITH CAPACITY BUILDING FOR ALLIED OPHTHALMIC PERSONNEL, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 120,000 CATARACT SURGERIES AND INVESTMENT IN PRIMARY EYE CARE TO ENSURE PREVENTION AND EARLY INTERVENTION OF BLINDNESS.

    Expenses $7,620,333 · Grants $7,453,424

  • ETHIOPIA: CURE BLINDNESS PROJECT SUPPORTS OVER 28 PARTNERS IN ETHIOPIA WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS, RESIDENTS AND ALLIED OPHTHALMIC PERSONNEL, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 39,0000 CATARACT SURGERIES AND OVER 3,100 OTHER EYE SURGERIES, PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS AND CONSUMABLES TO PROVIDE PATIENT CARE AND INVESTMENT IN PRIMARY EYE CARE TO ENSURE PREVENTION AND EARLY INTERVENTION OF BLINDNESS. ADDITIONALLY, CURE BLINDNESS PROJECT CONTINUES TO PLAN FOR, CREATE, CONSTRUCT, AND OPERATIONALIZE A FULLY INDEPENDENT SPECIALTY EYE CARE CLINIC IN ETHIOPIA.

    Expenses $6,707,698 · Grants $5,203,388

  • GHANA: CURE BLINDNESS PROJECT SUPPORTS OVER 15 PARTNERS IN GHANA WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS, RESIDENTS AND ALLIED OPHTHALMIC PERSONNEL, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 20,000 CATARACT SURGERIES AND OVER 1,000 OTHER EYE SURGERIES, PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS AND CONSUMABLES TO PROVIDE PATIENT CARE AND INVESTMENT IN PRIMARY EYE CARE TO ENSURE PREVENTION AND EARLY INTERVENTION OF BLINDNESS. ADDITIONALLY, CURE BLINDNESS PROJECT CONTINUED CONSTRUCTION ON A SPECIALTY EYE CENTER IN GHANA.

    Expenses $3,919,690 · Grants $3,375,167

  • NEPAL: CURE BLINDNESS PROJECT SUPPORTS OVER 5 PARTNERS IN NEPAL WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS, RESIDENTS AND ALLIED OPHTHALMIC PERSONNEL, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 42,000 CATARACT SURGERIES AND OVER 1,200 OTHER EYE SURGERIES, PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS, AND CONSUMABLES TO PROVIDE PATIENT CARE, AND INVESTMENT IN PRIMARY EYE CARE TO ENSURE PREVENTION AND EARLY INTERVENTION OF BLINDNESS.

    Expenses $3,487,049 · Grants $3,343,449

  • SOUTH SUDAN: CURE BLINDNESS PROJECT SUPPORTS 4 PARTNERS IN SOUTH SUDAN WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS AND RESIDENTS, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 7,000 CATARACT SURGERIES AND OVER 2,000 OTHER EYE SURGERIES, AND PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS AND CONSUMABLES TO PROVIDE PATIENT CARE.

    Expenses $508,097 · Grants $500,807

  • BHUTAN: CURE BLINDNESS SUPPORTS THE MINISTRY OF HEALTH IN BHUTAN WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS, RESIDENTS AND ALLIED OPHTHALMIC PERSONNEL, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 1,200 CATARACT SURGERIES AND OVER 200 OTHER EYE SURGERIES, PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS AND CONSUMABLES TO PROVIDE PATIENT CARE AND INVESTMENT IN PRIMARY EYE CARE TO ENSURE PREVENTION AND EARLY INTERVENTION OF BLINDNESS.

    Expenses $235,336 · Grants $235,180

  • OTHER PROGRAMS: LATIN AMERICA, OTHER AFRICA, OTHER ASIA, PROGRAM SERVICES ALLOCATION.CURE BLINDNESS PARTNERS IN OTHER COUNTRIES ACROSS ASIA, AFRICA AND LATIN AMERICA, WITH CAPACITY BUILDING FOR OPHTHALMOLOGISTS AND RESIDENTS, SUPPORT FOR PATIENT CARE ADMINISTERING MORE THAN 76,000 CATARACT SURGERIES AND THE PROVISION OF EQUIPMENT, SURGICAL INSTRUMENTS AND CONSUMABLES TO PROVIDE PATIENT CARE.

    Expenses $10,662,739 · Grants $6,625,338

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Oliva MD

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Geoffrey Tabin MD

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    5

  • Menghis Bairu MD

    VICE CHAIR

    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

  • Farran Tozer Brown MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessica Feilmeier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dimitri Azar MD MBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert Wolcott PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chris Holzshu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Katherine Overbey

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $379,795
    From this org
    $335,263
    From related orgs
    $0
    Other
    $44,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,263
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,356
    Nontaxable benefits
    $35,176
    Filer's total
    $379,795

  • Emily R Newick

    CHIEF OPERATING OFFICER

    Total calculated
    $263,549
    From this org
    $221,840
    From related orgs
    $0
    Other
    $41,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,840
    Bonus
    $2,000
    Other
    $0
    Deferred
    $6,533
    Nontaxable benefits
    $35,176
    Filer's total
    $263,549

  • Jeff Wallace

    CHIEF MARKETING OFFICER

    Total calculated
    $243,353
    From this org
    $202,231
    From related orgs
    $0
    Other
    $41,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,231
    Bonus
    $2,000
    Other
    $0
    Deferred
    $5,946
    Nontaxable benefits
    $35,176
    Filer's total
    $243,353

  • Josie Noah

    CHIEF PROGRAM OFFICER

    Total calculated
    $225,250
    From this org
    $194,327
    From related orgs
    $0
    Other
    $30,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,327
    Bonus
    $2,000
    Other
    $0
    Deferred
    $5,708
    Nontaxable benefits
    $25,215
    Filer's total
    $225,250

  • Ruth Bolan

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $222,266
    From this org
    $191,439
    From related orgs
    $0
    Other
    $30,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,439
    Bonus
    $2,000
    Other
    $0
    Deferred
    $5,612
    Nontaxable benefits
    $25,215
    Filer's total
    $222,266

  • Jackton Downard

    VICE PRESIDENT, FINANCE

    Total calculated
    $206,710
    From this org
    $166,658
    From related orgs
    $0
    Other
    $40,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,658
    Bonus
    $2,000
    Other
    $0
    Deferred
    $4,876
    Nontaxable benefits
    $35,176
    Filer's total
    $206,710

  • Jeff Lively

    GENERAL COUNSEL

    Total calculated
    $204,606
    From this org
    $194,790
    From related orgs
    $0
    Other
    $9,816
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,790
    Bonus
    $2,000
    Other
    $0
    Deferred
    $5,716
    Nontaxable benefits
    $4,100
    Filer's total
    $204,606

  • Alie Bangura

    DIRECTOR, IT

    Total calculated
    $171,454
    From this org
    $132,398
    From related orgs
    $0
    Other
    $39,056
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,898
    Bonus
    $1,500
    Other
    $0
    Deferred
    $3,880
    Nontaxable benefits
    $35,176
    Filer's total
    $171,454

  • Pamela Clapp

    ASSOCIATE VP, STRATEGIC INITIATIVES

    Total calculated
    $166,873
    From this org
    $127,952
    From related orgs
    $0
    Other
    $38,921
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,452
    Bonus
    $1,500
    Other
    $0
    Deferred
    $3,745
    Nontaxable benefits
    $35,176
    Filer's total
    $166,873

  • Patrick Emery

    AVP, ASIA

    Total calculated
    $151,896
    From this org
    $133,821
    From related orgs
    $0
    Other
    $18,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,321
    Bonus
    $1,500
    Other
    $0
    Deferred
    $3,923
    Nontaxable benefits
    $14,152
    Filer's total
    $151,896

  • Michelle Vernick

    VICE PRESIDENT, GLOBAL TALENT

    Total calculated
    $151,456
    From this org
    $135,991
    From related orgs
    $0
    Other
    $15,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,991
    Bonus
    $2,000
    Other
    $0
    Deferred
    $1,313
    Nontaxable benefits
    $14,152
    Filer's total
    $151,456

  • Karla Klotz

    FINANCIAL CONTROLLER

    Total calculated
    $150,966
    From this org
    $122,183
    From related orgs
    $0
    Other
    $28,783
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,683
    Bonus
    $1,500
    Other
    $0
    Deferred
    $3,568
    Nontaxable benefits
    $25,215
    Filer's total
    $150,966

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 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

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 7
THE FOLLOWING EMPLOYEES RECEIVED MERIT BASED BONUSES: - KATHERINE OVERBEY $10,000 - EMILY NEWICK $2,000 - JEFF WALLACE $2,000 - JOSIE NOAH $2,000 - RUTH BOLAN $2,000 - JACKTON DOWNARD $2,000 - JEFF LIVELY $2,000 - ALIE BANGURA $1,500 - PAMELA CLAPP $1,500 - PATRICK EMERY $1,500 - MICHELLE VERNICK $2,000 - KARLA KLOTZ $1,500

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

Provenance

Return type
form_990
Tax year
2025
Filed
18 September 2026
IRS schema version
2025v4.2
Source object
202602619349301410

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

The source document this was parsed from is served over the API, which is where bulk and document access live.