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Nonprofiteer
← RESTORINGVISION

Form 990 for tax year 2024

Filed by RESTORINGVISION.

Totals

Total revenue
$15,698,688
Total expenses
$8,288,948
Contributions and grants received
$15,016,781
Grants paid
$4,201,093
Program service revenue
$569,780
Investment income
$106,972
Other revenue
$5,155
Total assets, end of year
$14,261,211
Total liabilities, end of year
$2,685,540
Net assets or fund balances, end of year
$11,575,671
Program services expenses (Part IX)
$7,111,727
Management and general expenses
$624,657
Fundraising expenses
$552,564
Program service expenses (Part III)
$7,111,727

Program services were 85.8% 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

    $15,016,781

  • 1g · Noncash contributions included above

    $4,933,201

  • 2a · Program service revenue: HANDLING FEES

    total $512,426 · related or exempt $512,426

  • 2b · Program service revenue: SHIPPING INCOME

    total $44,695 · related or exempt $44,695

  • 2c · Program service revenue: SERVICE FEES INCOME

    total $12,659 · related or exempt $12,659

  • 3 · Investment income

    total $106,972 · excluded $106,972

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $5,155 · excluded $5,155

  • 11e · Other revenue, total

    $5,155

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,412,628 · program services $1,412,628

  • 3 · Grants to foreign organizations and individuals

    total $2,788,465 · program services $2,788,465

  • 5 · Compensation of officers, directors and key employees

    total $417,784 · program services $312,721 · management and general $45,507 · fundraising $59,556

  • 7 · Other salaries and wages

    total $1,543,314 · program services $1,155,207 · management and general $168,104 · fundraising $220,003

  • 8 · Pension plan contributions

    total $40,275 · program services $30,147 · management and general $4,387 · fundraising $5,741

  • 9 · Other employee benefits

    total $293,069 · program services $219,369 · management and general $31,922 · fundraising $41,778

  • 10 · Payroll taxes

    total $157,975 · program services $118,248 · management and general $17,207 · fundraising $22,520

  • 11b · Fees: legal

    total $8,223 · program services $4,808 · management and general $539 · fundraising $2,876

  • 11c · Fees: accounting

    total $112,518 · program services $56,259 · management and general $45,007 · fundraising $11,252

  • 11e · Fees: professional fundraising services

    total $24,500 · fundraising $24,500

  • 11g · Fees: other

    total $498,884 · program services $269,131 · management and general $158,602 · fundraising $71,151

  • 12 · Advertising and promotion

    total $61,242 · program services $39,939 · management and general $9,315 · fundraising $11,988

  • 13 · Office expenses

    total $20,542 · program services $10,438 · management and general $6,739 · fundraising $3,365

  • 14 · Information technology

    total $67,679 · program services $58,125 · management and general $6,673 · fundraising $2,881

  • 16 · Occupancy

    total $37,093 · program services $6,750 · management and general $26,884 · fundraising $3,459

  • 17 · Travel

    total $178,198 · program services $133,470 · management and general $18,587 · fundraising $26,141

  • 19 · Conferences, conventions and meetings

    total $139,330 · program services $85,877 · management and general $12,444 · fundraising $41,009

  • 22 · Depreciation, depletion and amortization

    total $1,060 · management and general $1,060

  • 23 · Insurance

    total $6,545 · management and general $6,545

  • 24a · Other expenses: FREIGHT AND SHIPPING

    total $376,747 · program services $376,747

  • 24b · Other expenses: OTHER EXPENSES

    total $88,119 · program services $20,273 · management and general $63,565 · fundraising $4,281

  • 24c · Other expenses: PRODUCTION SERVICES

    total $10,825 · program services $10,825

  • 24d · Other expenses: OTHER EMPLOYEE FEES

    total $3,933 · program services $2,300 · management and general $1,570 · fundraising $63

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $573,369 · end of year $2,326,897

  • 2 · Savings and temporary cash investments

    beginning of year $1,986,406 · end of year $4,569,298

  • 3 · Pledges and grants receivable

    beginning of year $3,565 · end of year $32,169

  • 8 · Inventories for sale or use

    beginning of year $3,209,308 · end of year $7,278,174

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,777 · end of year $22,425

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

    $11,370

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

    $1,060

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $10,310

  • 15 · Other assets

    beginning of year $0 · end of year $21,938

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,621,494 · end of year $2,680,688

  • 19 · Deferred revenue

    end of year $4,852

  • 27 · Net assets without donor restrictions

    beginning of year $3,795,492 · end of year $11,575,671

  • 28 · Net assets with donor restrictions

    beginning of year $370,439 · end of year $0

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO EMPOWER LIVES BY RESTORING VISION FOR MILLIONS OF PEOPLE IN NEED.

  • RESTORINGVISION'S PROGRAMS ARE IMPLEMENTED IN PARTNERSHIP WITH AN UNPARALLELED NETWORK OF 3,000 NGOS AND GOVERNMENT PARTNERS. WE HAVE TWO PROGRAMS, OUR GLOBAL ACCESS PROGRAM AND COMMUNITY OUTREACH PROGRAM, WHICH COLLECTIVELY REACH MILLIONS OF PEOPLE ANNUALLY WITH THE VISION SERVICES AND EYEGLASSES THEY NEED TO SEE CLEARLY IN ORDER TO LIVE INDEPENDENT, PRODUCTIVE, AND HEALTHY LIVES. OUR PROGRAMS FOCUS PRIMARILY ON THE PROVISION OF VISION SCREENINGS AND READING GLASSES TO ADDRESS PRESBYOPIA, WHICH IMPACTS 826 MILLION PEOPLE WORLDWIDE. WE ALSO ADDRESS OTHER EYE ISSUES INCLUDING MYOPIA THROUGH THE PROVISION OF EYE EXAMS AND MINUS GLASSES FOR ADULTS AND CHILDREN AND THE PROVISION OF PROTECTIVE SUNGLASSES TO PREVENT THE EARLY ONSET OF CATARACTS AND OTHER EYE DISEASES. CONSISTENT WITH OUR STRATEGIC PLAN, WE ARE INCREASING OUR FOOTPRINT IN AFRICA, REACHING MORE REFUGEES, AND BUILDING LOCAL PROGRAMS TO ENSURE SUSTAINABLE ACCESS TO VISION SERVICES FOR PEOPLE LIVING IN POVERTY. THIS YEAR WE WILL REACH 100 COUNTRIES AND SCALE OUR WORK IN 18 COUNTRIES. SINCE OUR FOUNDING IN 2003, WE HAVE REACHED OVER 20 MILLION PEOPLE IN 144 COUNTRIES.

    Expenses $7,111,727 · Grants $4,201,093 · Revenue $569,780

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jayanth Bhuvaraghan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Peters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pelin Munis

    CEO

    Total calculated
    $281,803
    From this org
    $246,340
    From related orgs
    $0
    Other
    $35,463
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,188
    Bonus
    $28,152
    Other
    $0
    Deferred
    $11,103
    Nontaxable benefits
    $24,360
    Filer's total
    $281,803

  • Reade Fahs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erwin Cho

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin Hassey

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Myles Lewis

    TREASURER (FROM 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Katrina Posey

    TREASURER (THRU 12/24)

    Total calculated
    $135,981
    From this org
    $131,971
    From related orgs
    $0
    Other
    $4,010
    Hours/week
    40

  • Fredric Lomangino

    DIRECTOR (THRU 11/24)

    Total calculated
    $142,284
    From this org
    $124,616
    From related orgs
    $0
    Other
    $17,668
    Hours/week
    40

  • Jacob Gomez

    DIRECTOR

    Total calculated
    $134,735
    From this org
    $115,788
    From related orgs
    $0
    Other
    $18,947
    Hours/week
    40

  • Mark Lorey

    DIRECTOR

    Total calculated
    $183,607
    From this org
    $154,222
    From related orgs
    $0
    Other
    $29,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,222
    Bonus
    $0
    Other
    $0
    Deferred
    $6,473
    Nontaxable benefits
    $22,912
    Filer's total
    $183,607

  • Shaun Starkey

    DIRECTOR

    Total calculated
    $102,810
    From this org
    $102,462
    From related orgs
    $0
    Other
    $348
    Hours/week
    40

  • Aminah Yoba

    SR DIRECTOR OF DEVELOPMENT

    Total calculated
    $158,528
    From this org
    $146,652
    From related orgs
    $0
    Other
    $11,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,652
    Bonus
    $0
    Other
    $0
    Deferred
    $4,492
    Nontaxable benefits
    $7,384
    Filer's total
    $158,528

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 · 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 BONUSES WERE A PERCENTAGE OF SALARY BASED ON TENURE AND PERFORMANCE.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349313522

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