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Nonprofiteer
← LIONS WORLD VISION INSTITUTE INC

Form 990 for tax year 2022

Filed by LIONS WORLD VISION INSTITUTE INC.

Totals

Total revenue
$29,967,734
Total expenses
$27,774,341
Contributions and grants received
$322,092
Grants paid
$211,420
Program service revenue
$28,671,301
Investment income
$901,947
Other revenue
$72,394
Total assets, end of year
$38,481,395
Total liabilities, end of year
$4,566,305
Net assets or fund balances, end of year
$33,915,090
Program services expenses (Part IX)
$21,523,613
Management and general expenses
$6,250,728
Fundraising expenses
$0
Program service expenses (Part III)
$21,523,613

Program services were 77.5% 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.

  • 1d · Related organizations

    $322,092

  • 2a · Program service revenue: TISSUE PROCESSING FEES

    total $28,671,301 · related or exempt $28,671,301

  • 3 · Investment income

    total $452,491 · excluded $452,491

  • 6a · Gross rents

    real property $55,526

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $55,526

  • 6d · Net rental income or loss

    total $55,526 · excluded $55,526

  • 7a · Gross sales of assets other than inventory

    securities $2,451,477

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

    securities $2,002,021

  • 7c · Gain or loss

    securities $449,456

  • 7d · Net gain or loss

    total $449,456 · excluded $449,456

  • 11a · Other revenue: OTHER INCOME

    total $16,868 · excluded $16,868

  • 11e · Other revenue, total

    $16,868

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $211,420 · program services $211,420

  • 5 · Compensation of officers, directors and key employees

    total $822,851 · program services $691,195 · management and general $131,656

  • 7 · Other salaries and wages

    total $8,314,073 · program services $6,952,500 · management and general $1,361,573

  • 8 · Pension plan contributions

    total $342,300 · program services $68,460 · management and general $273,840

  • 9 · Other employee benefits

    total $1,686,427 · program services $371,112 · management and general $1,315,315

  • 10 · Payroll taxes

    total $664,097 · program services $154,841 · management and general $509,256

  • 11b · Fees: legal

    total $495,141 · program services $99,025 · management and general $396,116

  • 11c · Fees: accounting

    total $20,226 · management and general $20,226

  • 11d · Fees: lobbying

    total $164,826 · management and general $164,826

  • 11f · Fees: investment management

    total $41,196 · management and general $41,196

  • 11g · Fees: other

    total $6,651,571 · program services $6,448,429 · management and general $203,142

  • 12 · Advertising and promotion

    total $140,044 · program services $52,214 · management and general $87,830

  • 13 · Office expenses

    total $173,337 · program services $66,591 · management and general $106,746

  • 14 · Information technology

    total $561,787 · program services $417,534 · management and general $144,253

  • 16 · Occupancy

    total $563,704 · program services $185,724 · management and general $377,980

  • 17 · Travel

    total $410,261 · program services $235,231 · management and general $175,030

  • 19 · Conferences, conventions and meetings

    total $1,822 · program services $635 · management and general $1,187

  • 22 · Depreciation, depletion and amortization

    total $720,364 · program services $144,073 · management and general $576,291

  • 23 · Insurance

    total $253,363 · program services $56,853 · management and general $196,510

  • 24a · Other expenses: LAB SUPPLIES & EXPENSES

    total $3,613,654 · program services $3,580,184 · management and general $33,470

  • 24b · Other expenses: EYE TRANSPORTATION

    total $1,533,758 · program services $1,532,226 · management and general $1,532

  • 24c · Other expenses: PROGRAM DEVELOPMENT

    total $50,054 · program services $34,982 · management and general $15,072

  • 24d · Other expenses: RESEARCH & PUBLIC EDUCA

    total $28,090 · program services $5,668 · management and general $22,422

  • 24e · All other expenses

    total $309,975 · program services $214,716 · management and general $95,259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $830,375 · end of year $681,098

  • 2 · Savings and temporary cash investments

    beginning of year $7,883,326 · end of year $6,985,851

  • 4 · Accounts receivable

    beginning of year $4,569,783 · end of year $4,645,039

  • 8 · Inventories for sale or use

    beginning of year $532,189 · end of year $633,316

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,122 · end of year $211,121

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

    $12,344,291

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

    $4,731,701

  • 10c · Land, buildings and equipment, net

    beginning of year $7,523,447 · end of year $7,612,590

  • 11 · Investments: publicly traded securities

    beginning of year $13,954,515 · end of year $16,271,383

  • 14 · Intangible assets

    beginning of year $834,494 · end of year $712,637

  • 15 · Other assets

    beginning of year $145,008 · end of year $728,360

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,196,989 · end of year $3,842,965

  • 25 · Other liabilities

    beginning of year $398,484 · end of year $723,340

  • 27 · Net assets without donor restrictions

    beginning of year $31,805,786 · end of year $33,915,090

Mission and programs · 2022

Mission

TO SET NEW STANDARDS FOR OCULAR ENDEAVORS THAT WILL IMPROVE VISUAL OUTCOMES AND QUALITY OF LIFE FOR THOSE WHO ARE BLIND OR VISUALLY IMPAIRED.

Activities or mission (Part I)

IMPROVE VISUAL OUTCOMES AND QUALITY OF LIFE FOR THOSE WHO ARE BLIND OR VISUALLY IMPAIRED.

  • LIONS WORLD VISION INSTITUTE (LWVI) IS A COMBINED EYE BANK AND OCULAR RESEARCH CENTER THAT EMPOWERS RESEARCHERS TO CONDUCT REAL-TIME STUDIES OF HEALTHY AND DISEASED OCULAR TISSUE. WE ARE THE LARGEST DISTRIBUTOR OF CORNEAS THROUGHOUT THE WORLD PROVIDING SERVICES FROM THE LARGEST EYE BANK NETWORK WORLD. WE HAVE INTRODUCED 10 OCULAR TISSUE PROCESSING AND DELIVERY INNOVATIONS OVER THE PAST 10 YEARS THAT STREAMLINE CORNEA TRANSPLANTATION AND IMPROVE CLINICAL OUTCOMES. WE WERE THE FIRST EYE BANK TO PROVIDE PRE-LOADED CORNEAS INTO THE MARKETPLACE, AND THE LARGEST OF CORNEAS WORLDWIDE. AS A NONPROFIT, WE ARE GROUNDED IN THE BELIEF THAT EVERYONE DESERVES THE GIFT OF SIGHT.(CONTINUED ON SCHEDULE O)WE ARE COMMITTED TO HONORING THE GIFT FROM OUR DONORS BY RECOVERING TISSUE TO IMPROVE THE LIVES OF THE PEOPLE IN THE COMMUNITY WE SERVE. OUR SENIOR MANAGEMENT TEAM HAS A COMBINED 100+ YEARS' EXPERIENCE IN ORGAN, TISSUE AND CORNEA RECOVERY, PROCESSING, DISTRIBUTION, NON-PROFIT MANAGEMENT, AND TRANSPLANTATION. WE ARE APPROVED AS PROVIDER OF OCULAR TISSUE IN OVER 70 COUNTRIES AROUND THE WORLD. SINCE 1969, WE HAVE BROUGHT THE GIFT OF SIGHT TO MORE THAN 500,000 MEN, WOMEN, AND CHILDREN. THE ORGANIZATION'S EYE BANK SERVICE IS KNOWN FOR ITS PRACTICE EXCELLENCE IN SERVICE QUALITY AND INNOVATION CONSTANTLY DEVELOPING NEW PROCESSING TECHNIQUES AND PRODUCTS TO STREAMLINE CORNEA TRANSPLANTATION AND IMPROVE CORNEA TRANSPLANT CLINICAL OUTCOMES. THE ORGANIZATION WAS THE FIRST TO OFFER A PRELOADED ULTRA-THIN DSAEK PREPARATION USING FLUID INJECTION THAT SIGNIFICANTLY REDUCED ENDOTHELIAL CELL LOSS IMPROVING CLINICAL OUTCOMES.OUR PROPRIETARY NO-TOUCH HYDRO-DISSECTION PREPARATION OF GRAFTS FOR DMEK PROCEDURES REDUCED ENDOTHELIAL CELL LOSS LEADING TO IMPROVED CLINICAL OUTCOMES. OUR DESIGN AND STUDIES OF A WEISS GLASS CANNULA ALLOWS FOR ULTRA-TIN DSAEK AND DMEK GRAFTS TO BE TRANSPLANTED USING FLUID INJECTION THROUGH A SIGNIFICANTLY SMALLER INCISION REDUCING ENDOTHELIAL CELL LOSS AND IMPROVING CLINICAL OUTCOMES.IN OUR OCULAR RESEARCH CENTER, WE ARE WORKING ON LONG-TERM STUDIES RELATED TO TREATMENTS FOR AGE-RELATED MACULAR DEGENERATION AND GLAUCOMA. WE ARE LEADING THE INDUSTRY IN INNOVATIONS TO ADVANCE THE EYE BANKING INDUSTRY, WHILE WORKING ON EYE BANK DEVELOPMENT AROUND THE WORLD. IN NOVEMBER 2018, THE INSTITUTE PARTNERED WITH RTI DONOR SERVICES, INC. (RTIDS), A NONPROFIT ORGANIZATION DEDICATED TO PROVIDING RESPONSIBLE STEWARDSHIP OF THE GIFT OF TISSUE DONATION AND ANNOUNCED AN EXPANDED RELATIONSHIP TO INCREASE EFFICIENCIES IN TISSUE DONATION AND ENHANCE PATIENTS' LIVES. THROUGH THIS RELATIONSHIP, EACH PARTNER FOCUSES ON ITS CORE AREA OF EXPERTISE. THE INSTITUTE MANAGES ALL ASPECTS OF TISSUE RECOVERY SERVICES FOR FLORIDA HOSPITALS IN RTIDS ' FORMER SERVICE AREA, AND RTIDS FOCUSES SPECIFICALLY ON ACQUIRING TISSUE FOR PROCESSING AND DISTRIBUTION. THIS EXPANSION MOVED THE INSTITUTE FROM EXCLUSIVELY PROCURING EYE TISSUE TO ASSUMING RESPONSIBILITY FOR PROCUREMENT OF BONE, SKIN, HEART VALVES, CONNECTIVE TISSUE AND VEINS USED IN SURGICAL PROCEDURES AND MEDICAL RESEARCH AT HOSPITALS THROUGHOUT THE UNITED STATES.

    Expenses $19,371,252 · Grants $211,420 · Revenue $22,905,445

  • PUBLIC & PROFESSIONAL EDUCATION - INCREASE AWARENESS OF NEED FOR TISSUE PROCUREMENT WITH LONG TERM GOAL OF INCREASING THE NUMBER OF DONORS, CHANGING MORE PEOPLE'S LIVES, AND HONORING THE GIFT.

    Expenses $2,152,361

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

Listed in Part VII

  • Douglass Pace

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Edwin Narain

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Suarez

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carl Tremonti

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stephen Csenge

    FOUNDATION CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew McIntosh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Felicia Harvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Gebhart

    BOARD MEMBER

    Total calculated
    $156,850
    From this org
    $0
    From related orgs
    $156,850
    Other
    $0
    Hours/week
    1 + 12 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $156,850 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,850 related

  • Peter Diniaco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Rady

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sanjay Chheda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Cliff Salinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Bevirt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margie Franklin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason K Woody

    PRESIDENT & CEO

    Total calculated
    $470,038
    From this org
    $441,264
    From related orgs
    $0
    Other
    $28,774
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $342,264
    Bonus
    $99,000
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $8,274
    Filer's total
    $470,038

  • Beatriz D Viamontes

    CHIEF FINANCIAL OFFICER

    Total calculated
    $191,834
    From this org
    $157,199
    From related orgs
    $0
    Other
    $34,635
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $137,199
    Bonus
    $20,000
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $7,635
    Filer's total
    $191,834

  • Arthur Kurz

    CHIEF MARKETING OFFICER

    Total calculated
    $241,202
    From this org
    $202,473
    From related orgs
    $0
    Other
    $38,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,473
    Bonus
    $20,000
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $11,729
    Filer's total
    $241,202

  • Jeffery Thomas

    REGIONAL VP

    Total calculated
    $233,493
    From this org
    $214,709
    From related orgs
    $0
    Other
    $18,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,709
    Bonus
    $20,000
    Other
    $0
    Deferred
    $18,732
    Nontaxable benefits
    $52
    Filer's total
    $233,493

  • David Ammar

    SCIENTIFIC DIRECTOR

    Total calculated
    $164,130
    From this org
    $125,522
    From related orgs
    $0
    Other
    $38,608
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,522
    Bonus
    $5,000
    Other
    $0
    Deferred
    $23,750
    Nontaxable benefits
    $14,858
    Filer's total
    $164,130

  • Eddie Parbon

    TISSUE RECOVERY TECHNICIAN

    Total calculated
    $139,561
    From this org
    $139,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Karen Demarco

    DIRECTOR OF DOMESTIC DEVELOPMENT

    Total calculated
    $159,278
    From this org
    $120,721
    From related orgs
    $0
    Other
    $38,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $88,221
    Bonus
    $32,500
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $11,557
    Filer's total
    $159,278

  • Melanie Hardegree

    DIRECTOR OF DONATION SERVICES

    Total calculated
    $109,141
    From this org
    $109,141
    From related orgs
    $0
    Other
    $0
    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. 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 · Form 990 of other organizations
  • 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LIONS WORLD VISION INSTITUTE INC

    501(C)(3) · RAISE FUNDS TO SUPPORT SIGHT RELATED EDUCATION, TREATMENT, RESEARCH ETC. · FL · controlled entity

  • SIGHTLIFE

    501(C)(3) · RECEIVES HUMAN EYE TISSUE AND PARTS TO PRESERVE FOR TRANSPLANT AND RESEARCH · FL

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349307394

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