Form 990 for tax year 2023
Filed by HOUSTON EYE ASSOCIATES FOUNDATION.
Totals
- Total revenue
- $206,917
- Total expenses
- $657,500
- Contributions and grants received
- $224,691
- Grants paid
- $246,515
- Program service revenue
- $0
- Investment income
- -$26,541
- Other revenue
- $8,767
- Total assets, end of year
- $2,996,263
- Total liabilities, end of year
- $65,565
- Net assets or fund balances, end of year
- $2,930,698
- Program services expenses (Part IX)
- $495,350
- Management and general expenses
- $96,366
- Fundraising expenses
- $65,784
- Program service expenses (Part III)
- $495,350
Program services were 75.3% 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
$224,691
-
3 · Investment income
total $80,875 · excluded $80,875
-
7b · Less cost or other basis and sales expenses
securities $107,416
-
7c · Gain or loss
securities -$107,416
-
7d · Net gain or loss
total -$107,416 · excluded -$107,416
-
8a · Fundraising events: gross income
$14,240
-
8b · Fundraising events: direct expenses
$5,473
-
8c · Net income from fundraising events
total $8,767 · excluded $8,767
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $246,515 · program services $246,515
-
5 · Compensation of officers, directors and key employees
total $97,385 · program services $72,447 · management and general $10,449 · fundraising $14,489
-
7 · Other salaries and wages
total $112,862 · program services $83,961 · management and general $12,109 · fundraising $16,792
-
8 · Pension plan contributions
total $23,123 · program services $19,519 · management and general $1,442 · fundraising $2,162
-
9 · Other employee benefits
total $20,871 · program services $15,653 · management and general $2,087 · fundraising $3,131
-
10 · Payroll taxes
total $16,286 · program services $12,118 · management and general $1,744 · fundraising $2,424
-
11c · Fees: accounting
total $38,929 · management and general $38,929
-
11f · Fees: investment management
total $9,735 · management and general $9,735
-
12 · Advertising and promotion
total $19,399 · program services $4,324 · management and general $2,162 · fundraising $12,913
-
13 · Office expenses
total $8,849 · program services $5,866 · management and general $1,926 · fundraising $1,057
-
14 · Information technology
total $5,206 · management and general $5,206
-
16 · Occupancy
total $22,502 · program services $11,654 · management and general $1,554 · fundraising $9,294
-
17 · Travel
total $643 · program services $547 · management and general $32 · fundraising $64
-
22 · Depreciation, depletion and amortization
total -$128 · management and general -$128
-
23 · Insurance
total $2,167 · management and general $2,167
-
24a · Other expenses: OVERHEAD
total $24,000 · program services $20,400 · management and general $1,200 · fundraising $2,400
-
24b · Other expenses: POSTAGE AND SHIPPING
total $3,463 · program services $1,731 · management and general $866 · fundraising $866
-
24c · Other expenses: EMPLOYEE RELATIONS
total $2,901 · management and general $2,901
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $961 · management and general $961
-
24e · All other expenses
total $1,831 · program services $615 · management and general $1,024 · fundraising $192
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $347,954 · end of year $142,321
-
4 · Accounts receivable
beginning of year $6,319 · end of year $161,677
-
9 · Prepaid expenses and deferred charges
beginning of year $2,963
-
10a · Land, buildings and equipment: cost or other basis
$25,596
-
10b · Land, buildings and equipment: accumulated depreciation
$25,596
-
10c · Land, buildings and equipment, net
beginning of year -$128 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,530,276 · end of year $2,692,265
-
17 · Accounts payable and accrued expenses
beginning of year $63,084 · end of year $65,565
-
25 · Other liabilities
beginning of year $23,640 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,793,153 · end of year $2,923,191
-
28 · Net assets with donor restrictions
beginning of year $7,507 · end of year $7,507
Mission and programs · 2023
Mission
HOUSTON EYE ASSOCIATES FOUNDATION IS COMMITTED TO PRESERVING AND WORKING TO RESTORE SIGHT AND REMOVING ECONOMIC AND CULTURAL BARRIERS TO QUALITY, COMPREHENSIVE VISION CARE FOR TEXANS IN NEED. THE VISION PROGRAM SERVES UNDERINSURED AND UNINSURED, LOW-INCOME TEXAS RESIDENTS. DOCTORS VOLUNTEER PATIENT CARE, INCLUDING, EXAMS, DIAGNOSTICS, TREATMENTS, AND SURGERIES. MEDICAL PARTNERS OFFER SERVICES, EQUIPMENT, MEDICATIONS, AND GLASSES AT DONATED OR REDUCED RATES. DONORS HELP TO COVER THESE DIRECT COSTS AND PATIENT MANAGEMENT. THERE IS NEVER A COST TO THE PATIENT OR THEIR FAMILY.
Activities or mission (Part I)
HOUSTON EYE ASSOCIATES FOUNDATION IS COMMITTED TO PRESERVING AND WORKING TO RESTORE SIGHT AND REMOVING ECONOMIC AND CULTURAL BARRIERS TO QUALITY, COMPREHENSIVE VISION CARE FOR TEXANS IN NEED.
-
THE PURPOSE OF HOUSTON EYE ASSOCIATES FOUNDATION IS TO PROVIDE MEDICAL AND SURGICAL EYE CARE SERVICES TO ADULTS AND CHILDREN WHO ARE IN FINANCIAL HARDSHIP.
Expenses $495,350 · Grants $246,515
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charity Grannis MDCHARITY GRANNIS MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Irv Wishnow OdIRV WISHNOW OD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Janet Blake PhDJANET BLAKE PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Julie CaggianoJULIE CAGGIANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Justus W Thomas MDJUSTUS W THOMAS MD
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Lanier WhildenLANIER WHILDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark C Vital MD FacsMARK C VITAL MD FACS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Noel ForemanNOEL FOREMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sabrina McTopySABRINA MCTOPY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Samih Elchahal MDSAMIH ELCHAHAL MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tim Kovoor MDTIM KOVOOR MD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
William H Quayle MDWILLIAM H QUAYLE MD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Gwen JohnsonGWEN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ellen EfsicELLEN EFSIC
EXECUTIVE DIRECTOR
- Total calculated
- $100,000
- From this org
- $97,385
- From related orgs
- $0
- Other
- $2,615
- 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
- 29 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510349349301326
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