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Nonprofiteer
← SEVA FOUNDATION

Form 990 for tax year 2023

Filed by SEVA FOUNDATION.

Totals

Total revenue
$10,031,643
Total expenses
$13,237,872
Contributions and grants received
$9,319,735
Grants paid
$5,844,397
Program service revenue
$0
Investment income
$765,303
Other revenue
-$53,395
Total assets, end of year
$32,922,456
Total liabilities, end of year
$896,981
Net assets or fund balances, end of year
$32,025,475
Program services expenses (Part IX)
$10,404,020
Management and general expenses
$1,408,198
Fundraising expenses
$1,425,654
Program service expenses (Part III)
$10,404,020

Program services were 78.6% 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

    $34,067

  • 1f · All other contributions, gifts and grants

    $9,285,668

  • 1g · Noncash contributions included above

    $90,645

  • 3 · Investment income

    total $765,303 · excluded $765,303

  • 8a · Fundraising events: gross income

    $0

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

    $34,067

  • 8b · Fundraising events: direct expenses

    $44,511

  • 8c · Net income from fundraising events

    total -$44,511 · excluded -$44,511

  • 10b · Cost of goods sold

    $8,884

  • 10c · Net income from sales of inventory

    total -$8,884 · related or exempt -$8,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $611,566 · program services $611,566

  • 3 · Grants to foreign organizations and individuals

    total $5,232,831 · program services $5,232,831

  • 5 · Compensation of officers, directors and key employees

    total $468,115 · program services $253,624 · management and general $164,534 · fundraising $49,957

  • 7 · Other salaries and wages

    total $2,500,857 · program services $1,480,427 · management and general $511,228 · fundraising $509,202

  • 8 · Pension plan contributions

    total $98,017 · program services $57,473 · fundraising $40,544

  • 9 · Other employee benefits

    total $377,567 · program services $240,948 · management and general $1,725 · fundraising $134,894

  • 10 · Payroll taxes

    total $199,516 · program services $97,465 · management and general $56,255 · fundraising $45,796

  • 11b · Fees: legal

    total $43,527 · program services $18,051 · management and general $25,476

  • 11c · Fees: accounting

    total $57,225 · management and general $57,225

  • 11e · Fees: professional fundraising services

    total $48,900 · fundraising $48,900

  • 11f · Fees: investment management

    total $6,461 · management and general $6,461

  • 11g · Fees: other

    total $1,043,550 · program services $732,498 · management and general $222,015 · fundraising $89,037

  • 12 · Advertising and promotion

    total $597,188 · program services $106,512 · management and general $183,534 · fundraising $307,142

  • 13 · Office expenses

    total $94,590 · program services $49,340 · management and general $26,533 · fundraising $18,717

  • 16 · Occupancy

    total $115,562 · program services $43,866 · management and general $38,796 · fundraising $32,900

  • 17 · Travel

    total $97,363 · program services $90,196 · management and general $4,907 · fundraising $2,260

  • 23 · Insurance

    total $22,111 · program services $7,960 · management and general $8,181 · fundraising $5,970

  • 24a · Other expenses: PROGRAM EXPENSES

    total $801,083 · program services $801,083

  • 24b · Other expenses: FEES & DUES

    total $513,913 · program services $351,864 · management and general $27,298 · fundraising $134,751

  • 24c · Other expenses: COMMUNITY OUTREACH/EYE

    total $225,705 · program services $225,705

  • 24d · Other expenses: OTHER EXPENSES

    total $82,225 · program services $2,611 · management and general $74,030 · fundraising $5,584

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,098,785 · end of year $1,020,986

  • 2 · Savings and temporary cash investments

    beginning of year $263,915 · end of year $341,274

  • 3 · Pledges and grants receivable

    beginning of year $2,984,228 · end of year $2,302,746

  • 4 · Accounts receivable

    beginning of year $22,204 · end of year $18,981

  • 7 · Other notes and loans receivable

    beginning of year $250,846 · end of year $245,261

  • 8 · Inventories for sale or use

    beginning of year $22,514 · end of year $19,284

  • 9 · Prepaid expenses and deferred charges

    beginning of year $131,028 · end of year $339,725

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

    $163,679

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

    $163,679

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $30,107,887 · end of year $28,410,684

  • 15 · Other assets

    beginning of year $0 · end of year $223,515

  • 17 · Accounts payable and accrued expenses

    beginning of year $857,420 · end of year $588,356

  • 18 · Grants payable

    beginning of year $342,490 · end of year $85,110

  • 25 · Other liabilities

    beginning of year $0 · end of year $223,515

  • 27 · Net assets without donor restrictions

    beginning of year $28,217,383 · end of year $25,282,783

  • 28 · Net assets with donor restrictions

    beginning of year $5,464,114 · end of year $6,742,692

Mission and programs · 2023

Mission

SEVA FOUNDATION PARTNERS WORLDWIDE TO CREATE SELF-SUSTAINING PROGRAMS THAT PRESERVE AND RESTORE SIGHT. OUR VISION IS A WORLD FREE OF AVOIDABLE BLINDNESS.

Activities or mission (Part I)

PARTNER WORLDWIDE TO CREATE SELF-SUSTAINING PROGRAMS THAT PRESERVE AND RESTORE SIGHT.

  • SIGHT SERVICES & RESTORATION PROGRAMSEVA IS A GLOBAL NONPROFIT EYE CARE ORGANIZATION THAT TRANSFORMS LIVES BY RESTORING SIGHT AND PREVENTING BLINDNESS. SINCE 1978, SEVA HAS PROVIDED SIGHT-SAVING SURGERIES, EYEGLASSES, MEDICINE, AND OTHER EYE CARE SERVICES TO 64 MILLION PEOPLE IN UNDERSERVED COMMUNITIES AROUND THE WORLD.GLOBALLY, AT LEAST 2.2 BILLION PEOPLE HAVE A VISION IMPAIRMENT, AND OF THESE, OVER 1.1 BILLION PEOPLE HAVE A VISION IMPAIRMENT THAT COULD HAVE BEEN PREVENTED OR IS YET TO BE ADDRESSED. OUR PROGRAMS HAVE BEEN INSTRUMENTAL IN MAKING EYE CARE AVAILABLE TO (CONTINUED ON SCHEDULE O) THOSE WHO CAN'T AFFORD IT. THEY ARE DRIVEN BY 4 PILLARS - ESTABLISHING SELF-SUSTAINING VISION CENTERS, EYE CARE FOR CHILDREN, BRINGING THE BEST IN TECHNOLOGY, AND TRAINING & JOB CREATION.TOWARDS THIS AIM, SEVA WORKS WITH 150+ PARTNER HOSPITALS AROUND THE WORLD TO STRENGTHEN THE CAPACITY OF LOCAL HOSPITALS AND DEVELOP SUSTAINABLE EYE CARE PROGRAMS WITH LONG-TERM IMPACT.DURING THIS REPORT YEAR, SEVA'S NETWORK OF PROGRAMS AND PARTNERS PROVIDED EYE CARE SERVICES TO 7,314,781 PEOPLE (MORE THAN 50% WOMEN AND GIRLS) AND 885,782 SIGHT SAVING SURGERIES. IN ADDITION, 58,635 CHILDREN RECEIVED EYEGLASSES.IN ASIA, SEVA MADE EYE CARE SERVICES AVAILABLE TO APPROXIMATELY 3.5 MILLION PEOPLE BY ESTABLISHING 35 PRIMARY EYE CARE VISION CENTERS IN BANGLADESH, CAMBODIA, INDIA, AND NEPAL.IN SUB-SAHARAN AFRICA, CATARACT REMAINS THE BIGGEST CAUSE OF BLINDNESS. THIS PAST YEAR, SEVA SUPPORTED PARTNER HOSPITALS TO PROVIDE 5,901 CATARACT SURGERIES AND 64,776 EYE EXAMS AND SERVICES. IN THE AMERICAS, SEVA FUNDED 6 VISION CENTERS AND SUPPORTED PARTNER HOSPITALS TO PROVIDE 14,150 CATARACT SURGERIES AND 225,046 EYE EXAMS AND SERVICES.GLOBALLY, 5,546 DOCTORS, OPHTHALMIC SUPPORT STAFF, HOSPITAL ADMINISTRATORS, AND COMMUNITY HEALTH PROMOTERS RECEIVED TRAINING IN EYE HEALTH CARE PROVISION AND OUTREACH.SPECIFICALLY, SEVA LED 22 TRAININGS, REACHING 635 PEOPLE TO ESTABLISH AND IMPROVE TRAINING PROGRAMS AT THEIR HOSPITAL. IN ALL PROGRAMS, SEVA CONTINUALLY MONITORS PROGRAM ACTIVITIES AND OUTCOMES TO DETERMINE THE EVIDENCE OF IMPACT AS WE GO, AND COURSE CORRECT AS NEEDED.SEVA BELIEVES THAT RESTORING SIGHT IS ONE OF THE MOST COST-EFFECTIVE WAYS TO RELIEVE SUFFERING AND REDUCE POVERTY. THIS YEAR, SEVA PUBLISHED FINDINGS IN THE BULLETIN OF THE WORLD HEALTH ORGANIZATION DEMONSTRATING THAT EVERY DOLLAR SPENT ON REFRACTIVE ERROR OR CATARACT CORRECTION PRODUCES $36 IN BENEFITS, ON PAR WITH OTHER 'BEST BUYS' IN INTERNATIONAL DEVELOPMENT. WHEN A BLIND PERSON GETS HER SIGHT BACK, SHE CAN GO BACK TO WORK, EARN AND SUPPORT HER FAMILY.

    Expenses $10,404,020 · Grants $5,844,397

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mariano Yee

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    4
  • Claudio M Privitera

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Lisa Laird

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Vaughan Acton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Neal Shorstein

    BOARD MEMBER (THRU 09/23)

    Total calculated
    $0
    Hours/week
    1
  • Wavy Gravy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dhivya Ravilla Ramasamy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Martin Spencer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Yvette Joseph

    BOARD MEMBER (THRU 09/23)

    Total calculated
    $0
    Hours/week
    1
  • Jacob Wojnas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Moynihan

    EXECUTIVE DIRECTOR

    Total calculated
    $258,517
    From this org
    $228,697
    From related orgs
    $0
    Other
    $29,820
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $213,207
    Bonus
    $15,000
    Other
    $490
    Deferred
    $11,750
    Nontaxable benefits
    $18,070
    Filer's total
    $258,517
  • Deborah Moses

    CFO

    Total calculated
    $202,668
    From this org
    $190,927
    From related orgs
    $0
    Other
    $11,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,561
    Bonus
    $15,000
    Other
    $6,366
    Deferred
    $9,535
    Nontaxable benefits
    $2,206
    Filer's total
    $202,668
  • Heidi Chase

    CHIEF PROGRAM OFFICER

    Total calculated
    $179,983
    From this org
    $169,616
    From related orgs
    $0
    Other
    $10,367
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,464
    Bonus
    $5,000
    Other
    $7,152
    Deferred
    $8,497
    Nontaxable benefits
    $1,870
    Filer's total
    $179,983
  • Julie Nestingen

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $180,309
    From this org
    $169,483
    From related orgs
    $0
    Other
    $10,826
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $151,060
    Bonus
    $5,500
    Other
    $12,923
    Deferred
    $8,632
    Nontaxable benefits
    $2,194
    Filer's total
    $180,309
  • Suzanne Gilbert

    SR. DIRECTOR OF RESEARCH

    Total calculated
    $130,789
    From this org
    $122,562
    From related orgs
    $0
    Other
    $8,227
    Hours/week
    32
  • Giri Sastromihardjo

    FINANCE DIRECTOR

    Total calculated
    $160,289
    From this org
    $141,602
    From related orgs
    $0
    Other
    $18,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,351
    Bonus
    $5,000
    Other
    $251
    Deferred
    $7,068
    Nontaxable benefits
    $11,619
    Filer's total
    $160,289
  • Chundak Tenzing

    GLOBAL MEDICAL DIRECTOR

    Total calculated
    $140,278
    From this org
    $132,171
    From related orgs
    $0
    Other
    $8,107
    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 · 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 7
THE INDIVIDUALS LISTED ON PART VII RECEIVED NON-FIXED BONUSES BASED ON THEIR PERFORMANCE AND ACHIEVEMENT OF GOALS. BONUS DETERMINATION WAS DOCUMENTED IN WRITING AT THE TIME OF APPROVAL.

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
2023
Filed
12 December 2024
IRS schema version
2023v5.1
Source object
202413489349300501

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

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