Form 990 for tax year 2024
Filed by EYE BANK FOR SIGHT RESTORATION INC.
Totals
- Total revenue
- $13,584,079
- Total expenses
- $10,436,188
- Contributions and grants received
- $639,031
- Grants paid
- $12,759
- Program service revenue
- $5,638,878
- Investment income
- $7,346,471
- Other revenue
- -$40,301
- Total assets, end of year
- $89,169,209
- Total liabilities, end of year
- $2,450,729
- Net assets or fund balances, end of year
- $86,718,480
- Program services expenses (Part IX)
- $8,351,018
- Management and general expenses
- $1,242,659
- Fundraising expenses
- $842,511
- Program service expenses (Part III)
- $8,351,018
Program services were 80.0% 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
$119,651
-
1f · All other contributions, gifts and grants
$519,380
-
1g · Noncash contributions included above
$52,541
-
2a · Program service revenue: Processing fees
total $5,638,878 · related or exempt $5,638,878
-
3 · Investment income
total $1,291,318 · excluded $1,291,318
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $12,059,310
-
7b · Less cost or other basis and sales expenses
securities $6,004,157
-
7c · Gain or loss
securities $6,055,153
-
7d · Net gain or loss
total $6,055,153 · excluded $6,055,153
-
8a · Fundraising events: gross income
$23,177
-
8a · Fundraising events: contributions included on line 1c
$119,651
-
8b · Fundraising events: direct expenses
$72,386
-
8c · Net income from fundraising events
total -$49,209 · excluded -$49,209
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Miscellaneous
total $8,908 · related or exempt $8,908
-
11e · Other revenue, total
$8,908
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $6,759 · program services $6,759
-
2 · Grants to domestic individuals
total $6,000 · program services $6,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $376,467 · program services $263,528 · management and general $56,468 · fundraising $56,471
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,009,646 · program services $3,173,220 · management and general $417,811 · fundraising $418,615
-
8 · Pension plan contributions
total $280,336 · program services $195,564 · management and general $40,926 · fundraising $43,846
-
9 · Other employee benefits
total $830,964 · program services $652,895 · management and general $81,278 · fundraising $96,791
-
10 · Payroll taxes
total $307,225 · program services $258,174 · management and general $22,625 · fundraising $26,426
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $7,005 · program services $5,805 · management and general $1,200
-
11c · Fees: accounting
total $145,870 · management and general $145,870
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $234,826 · management and general $234,826
-
11g · Fees: other
total $189,043 · program services $189,043
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $296,461 · program services $227,247 · management and general $5,339 · fundraising $63,875
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $496,785 · program services $390,797 · management and general $57,984 · fundraising $48,004
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $57,171 · program services $36,416 · management and general $11,882 · fundraising $8,873
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $192,828 · program services $160,908 · management and general $17,762 · fundraising $14,158
-
23 · Insurance
total $123,699 · program services $82,413 · management and general $39,117 · fundraising $2,169
-
24a · Other expenses: Corneal imports
total $1,514,462 · program services $1,514,462
-
24b · Other expenses: Lab supplies
total $447,957 · program services $447,957
-
24c · Other expenses: Program marketing
total $359,975 · program services $359,975
-
24d · Other expenses: Maintenance of equipment
total $169,706 · program services $95,956 · management and general $25,262 · fundraising $48,488
-
24e · All other expenses
total $383,003 · program services $283,899 · management and general $84,309 · fundraising $14,795
-
26 · Joint costs (an allocation of the lines above)
total $87,294 · program services $43,647 · fundraising $43,647
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $144,217 · end of year $212,635
-
2 · Savings and temporary cash investments
beginning of year $330,169 · end of year $679,113
-
3 · Pledges and grants receivable
beginning of year $5,620 · end of year $12,050
-
4 · Accounts receivable
beginning of year $1,963,276 · end of year $1,723,306
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $230,389 · end of year $265,154
-
10a · Land, buildings and equipment: cost or other basis
$2,905,329
-
10b · Land, buildings and equipment: accumulated depreciation
$2,133,492
-
10c · Land, buildings and equipment, net
beginning of year $896,163 · end of year $771,837
-
11 · Investments: publicly traded securities
beginning of year $70,418,075 · end of year $78,145,515
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,432,131 · end of year $7,359,599
-
17 · Accounts payable and accrued expenses
beginning of year $347,448 · end of year $305,248
-
21 · Escrow or custodial account liability
beginning of year $164,687 · end of year $179,380
-
25 · Other liabilities
beginning of year $2,421,896 · end of year $1,966,101
-
27 · Net assets without donor restrictions
beginning of year $73,850,114 · end of year $81,756,194
-
28 · Net assets with donor restrictions
beginning of year $4,635,895 · end of year $4,962,286
Mission and programs · 2024
Mission
The Eye-Bank for Sight Restoration (The Eye-Bank), the worlds first eye bank, is devoted to restoring sight through eye donations and cornea transplants, as well as providing ocular tissue for research into treatment and cures for other eye diseases. Public awareness about the need for eye donations is a key component of our efforts to restore sight to more than a thousand of individuals each year.
Activities or mission (Part I)
The Eye-Bank's mission is to restore sight through eye donations and cornea transplants.
-
The Eye-Banks state-of-the-art ocular laboratory operates 24/7 to recover, evaluate and distribute safe, quality donor eye tissue for cornea transplants and other ophthalmic surgeries. Staff receives continual education and training in the latest technological advances, including preparing partial thickness grafts which can be provided pre-loaded upon request for endothelial keratoplasty (EK) procedures.
Expenses $5,195,911 · Grants $6,759 · Revenue $5,647,786
-
The Eye-Banks Ocular Tissue Research Program supplies donor eye tissue to medical scientists researching cures and treatment of eye diseases such as cataracts, glaucoma and diseases of the retina. The Eye-Bank also provides adult human Retina Pigment Epithelial (ah-RPE) cells to a growing number of researchers across the country who are conducting studies on the potential for transplanting RPE cells in the future. In 2024, The Ocular Tissue Research Program expanded its ability to fulfill requests for even more specific types of tissue for customized research. The Eye-Bank also hosted a third annual reception at the 2024 meeting of ARVO (Association for Research in Vision and Ophthalmology) which enabled us to meet in-person with researchers currently using our donor tissue and cultivate new opportunities for our Research Program to collaborate. In August, 2024, The Eye-Bank hosted its 7th Wing Chu, MD Cornea Fellow Day which provides a didactic session about eye banking and a wet lab for a DMEK surgical procedure to a group of cornea fellows in attendance. Throughout the year, The Eye-Bank routinely invites groups of ophthalmology residents from area hospital systems, to visit and tour the Ocular Laboratory which gives them an awareness of how quality tissue is provided for surgeries. Also in August, The Eye-Bank was inspected by the Eye Bank Association of America (EBAA) and achieved a three-year Accreditation Certificate, the highest ranking offered by the Association. EBAA Accreditation ensures safe, quality ocular tissue by confirming that its Medical Standards are consistently followed by all eye bank staff.
Expenses $973,841
-
The Eye-Banks Public Education Program offers resources and materials about eye donation to the general public including brochures and a newsletter, eye-to-eye, which is circulated to more than 15,000 transplant recipients, friends and supporters of The Eye-Bank and an effective website that also offers valuable information in Spanish as well as English about eye donation and cornea transplantation; how to write to your donor family; and how to enroll in the NYS Donate Life Registry. In addition, The Eye-Bank increased its presence on social media platforms with videos featuring transplant recipients as well as cornea surgeons and dedicated staff members which help to inform the public about the importance of eye donation.
Expenses $759,952
-
Through a long-established Professional Education Program and its team of regional hospital and community liaisons, The Eye-Bank provides information about eye donation and donor criteria to health care professionals at hospitals throughout The Eye-Banks service area, which includes New York City, Long Island and the lower Hudson Valley. In 2024, The Eye-Bank continued to partner with Donate Life New York State and the NYS Department of Motor Vehicles in a pilot program to increase enrollments in the Donate Life Registry at DMV branch offices, an effort which relied on the hospital and community liaisons skilled outreach activities.
Expenses $745,858
-
The Eye-Banks Marketing Program continued to inform the public about the importance of eye donation and enrolling in the Donate Life Registry through its highly-successful multi-media advertising campaign that reaches a New York metropolitan audience via radio and newspapers as well as social media platforms and email marketing. Both media and digital marketing placement included Spanish language outlets. The 2024 ad campaign Be a Hero at the DMV reinforced the opportunity for New Yorkers to enroll in the Donate Life Registry while conducting transactions at the DMV and provided additional support to the Pilot Program established by Donate Life NYS to achieve this shared goal.
Expenses $587,517
-
The Young Ambassador Program invites cornea transplant recipients ages four to 17 to express themselves creatively through art and poetry and selected efforts are featured in The Eye-Banks annual Thanksgiving Card. The program also awards two annual $3,000 scholarships to qualifying student applicants pursuing higher education -- one for a successful public education project and one for a STEM research paper describing a way to increase eye donation.
Expenses $87,939 · Grants $6,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Patricia Dahl
CEO/Exec. Dir.
- Total calculated
- $376,467
- From this org
- $330,000
- From related orgs
- $0
- Other
- $46,467
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $330,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- $29,600
- Nontaxable benefits
- $16,867
- Filer's total
- $376,467
-
Edwin Roberts
Associate Director
- Total calculated
- $245,852
- From this org
- $184,062
- From related orgs
- $0
- Other
- $61,790
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,062
- Bonus
- not reported
- Other
- not reported
- Deferred
- $17,606
- Nontaxable benefits
- $44,184
- Filer's total
- $245,852
-
Karen Bardavid
Dir of Development
- Total calculated
- $233,604
- From this org
- $173,269
- From related orgs
- $0
- Other
- $60,335
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,269
- Bonus
- not reported
- Other
- not reported
- Deferred
- $16,527
- Nontaxable benefits
- $43,808
- Filer's total
- $233,604
-
Hortense Kendall
Laboratory Manager
- Total calculated
- $208,734
- From this org
- $151,099
- From related orgs
- $0
- Other
- $57,635
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,099
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,310
- Nontaxable benefits
- $43,325
- Filer's total
- $208,734
-
Noel Mick Moschetta
Dir Communications
- Total calculated
- $199,074
- From this org
- $166,663
- From related orgs
- $0
- Other
- $32,411
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,663
- Bonus
- not reported
- Other
- not reported
- Deferred
- $15,866
- Nontaxable benefits
- $16,545
- Filer's total
- $199,074
-
Dana Arifi
Dir Fin & Admin
- Total calculated
- $178,343
- From this org
- $147,815
- From related orgs
- $0
- Other
- $30,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,815
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,008
- Nontaxable benefits
- $16,520
- Filer's total
- $178,343
-
Joseph J Shaheen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Manish Krishnan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rachel A Heisler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Umber Ahmad
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Courtney DiTullio
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne McCooey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Giovanni F DiCenso
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leo J Corbett
Director
- Total calculated
- $0
- Hours/week
- 1
-
Audrey MacIsaac
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Paul Kayaian
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dennis R Tarzian
President
- Total calculated
- $0
- Hours/week
- 2
-
Richard A Mittenthal
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joseph J D'Ambrosio
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrea Nordquist
Director
- Total calculated
- $0
- Hours/week
- 1
-
David R Adler
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Michele A Masucci
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rocio Sanz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Zambrelli
Director
- Total calculated
- $0
- Hours/week
- 1
-
Joan Larson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sruthi Madhavan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rachel Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jaclyn D Newman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kieran Powell
Director
- Total calculated
- $0
- Hours/week
- 1
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 committee
- 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
-
$6,759
Fellowship program
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513179349303216
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