Skip to content
Nonprofiteer
← SANKARA EYE FOUNDATION USA

Form 990 for tax year 2023

Filed by SANKARA EYE FOUNDATION USA.

Totals

Total revenue
$10,511,538
Total expenses
$12,591,438
Contributions and grants received
$11,299,254
Grants paid
$11,099,270
Program service revenue
$0
Investment income
$116,796
Other revenue
-$904,512
Total assets, end of year
$8,000,371
Total liabilities, end of year
$624,109
Net assets or fund balances, end of year
$7,376,262
Program services expenses (Part IX)
$11,288,335
Management and general expenses
$764,122
Fundraising expenses
$538,981
Program service expenses (Part III)
$11,288,335

Program services were 89.7% 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

    $660,628

  • 1f · All other contributions, gifts and grants

    $10,638,626

  • 1g · Noncash contributions included above

    $89,978

  • 3 · Investment income

    total $110,394 · excluded $110,394

  • 7a · Gross sales of assets other than inventory

    securities $121,441

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

    securities $115,039

  • 7c · Gain or loss

    securities $6,402

  • 7d · Net gain or loss

    total $6,402 · excluded $6,402

  • 8a · Fundraising events: gross income

    $0

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

    $660,628

  • 8b · Fundraising events: direct expenses

    $904,512

  • 8c · Net income from fundraising events

    total -$904,512 · excluded -$904,512

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $11,099,270 · program services $11,099,270

  • 5 · Compensation of officers, directors and key employees

    total $206,565 · program services $58,231 · management and general $59,782 · fundraising $88,552

  • 7 · Other salaries and wages

    total $55,976 · program services $3,985 · management and general $51,991

  • 9 · Other employee benefits

    total $13,540 · program services $2,644 · management and general $8,904 · fundraising $1,992

  • 10 · Payroll taxes

    total $18,656 · program services $4,835 · management and general $4,998 · fundraising $8,823

  • 11b · Fees: legal

    total $3,594 · management and general $3,594

  • 11c · Fees: accounting

    total $59,679 · management and general $59,679

  • 11g · Fees: other

    total $302,768 · management and general $302,768

  • 12 · Advertising and promotion

    total $479,945 · program services $79,398 · management and general $82,958 · fundraising $317,589

  • 13 · Office expenses

    total $175,790 · program services $17,431 · management and general $36,334 · fundraising $122,025

  • 14 · Information technology

    total $7,000 · management and general $7,000

  • 16 · Occupancy

    total $82,400 · program services $12,359 · management and general $70,041

  • 17 · Travel

    total $13,920 · management and general $13,920

  • 22 · Depreciation, depletion and amortization

    total $1,241 · management and general $1,241

  • 23 · Insurance

    total $3,218 · management and general $3,218

  • 24a · Other expenses: PRODUCTION + DESIGN

    total $67,876 · program services $10,182 · management and general $57,694

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,847,527 · end of year $1,309,896

  • 2 · Savings and temporary cash investments

    beginning of year $4,645,385 · end of year $5,092,837

  • 3 · Pledges and grants receivable

    beginning of year $1,004,271 · end of year $1,079,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,928 · end of year $830

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

    $26,643

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

    $24,833

  • 10c · Land, buildings and equipment, net

    beginning of year $1,241 · end of year $1,810

  • 15 · Other assets

    beginning of year $71,859 · end of year $515,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,628 · end of year $110,209

  • 25 · Other liabilities

    beginning of year $69,639 · end of year $513,900

  • 27 · Net assets without donor restrictions

    beginning of year $5,061,731 · end of year $3,907,462

  • 28 · Net assets with donor restrictions

    beginning of year $4,392,213 · end of year $3,468,800

Mission and programs · 2023

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.

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

    Expenses $6,399,458 · Grants $6,295,000

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

    Expenses $4,888,877 · Grants $4,804,270

As filed on the 2023 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

    COO/DIRECTOR

    Total calculated
    $70,332
    From this org
    $66,000
    From related orgs
    $0
    Other
    $4,332
    Hours/week
    40

  • 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

    CEO/EXECUTIVE CHAIRMAN

    Total calculated
    $136,233
    From this org
    $132,000
    From related orgs
    $0
    Other
    $4,233
    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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202443179349309019

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.