The Eye Bank of Kentucky
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
The Eye Bank of Kentucky meets the 20 Standards for Charity Accountability.
Stated Purpose:
To restore sight through corneal transplant, ocular research, and medical education. We will promote eye, organ, and tissue donation while respecting and honoring the donors and their families who so selflessly give.
Year, State Incorporated:
2016, KY
The Eye Bank of Kentucky provides donated ocular tissue for transplantation to surgeons. They recover, evaluate, and surgically prepare donated eyes and corneas for transplant from deceased donors who selflessly give the gift of sight. The nonprofit also prepares autologous serum eye drops, called SeraTears™, for patients suffering from dry eye disease and other cornea surface disorders. This special preparation from the patient’s own blood helps to rebuild and repair the surface of the eye. The Eye Bank of Kentucky believes the ability to pay should never be a barrier to a person’s ability to receive a cornea transplant or ocular surface therapy. The Judy Tincher Charitable Tissue Fund was established for the purpose of providing charitable ocular tissue services to the medically under-insured or non-insured, throughout the nonprofit’s service area.
For the year ended June 30, 2022, The Eye Bank of Kentucky's program expenses were:
| Program services | $2,203,973 |
| Total Program Expenses | $2,203,973 |
Chief Executive
Brad Tennant, Chief Executive Officer
Chair of the Board
Mr. Noel Hardwick
Chair's Profession / Business Affiliation
Board Size
7
Paid Staff Size
28
Method(s) Used:
Direct mail appeals, Grant proposals
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on The Eye Bank of Kentucky's audited financial statements for the year ended June 30, 2022.
Source of Funds
| Eyebank processing fees | $2,909,461 |
| PPP loan forgiveness | $191,300 |
| Contributions | $39,758 |
| Other income | $550 |
| Interest | $280 |
| Total Income | $3,141,349 |
Programs: 75% Fundraising: 0% Administrative: 25%
| Total Income | $3,141,349 |
| Total expenses: | $2,956,196 |
| Program expenses | $2,203,973 |
| Fundraising expenses | $0 |
| Administrative expenses | $752,223 |
| Other expenses | $0 |
| Income in Excess of Expenses | $185,153 |
| Beginning Net Assets | $1,354,758 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $1,539,911 |
| Total Liabilities | $143,919 |
| Total Assets | $1,683,830 |
Total assets as reported above include $224,394 in property and equipment, net.
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana