OneSight reports that it is dedicated to creating a world where lack of access to vision care is no longer a barrier. The organization provides one-week charitable clinics, operates long-term self-sustaining vision centers, and delivers eye exams and glasses to underserved populations throughout the United States and around the world.
For the year ended December 31, 2021, OneSight's program expenses were:
Sustainable programs |
$5,306,129 |
Outreach |
$4,543,157 |
Charitable programs |
$3,570,408 |
In-store programs |
$607,914 |
Total Program Expenses: |
$14,027,608 |
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Chief Executive
Katherine Overbey, President and Executive Director
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Compensation*
$305,771
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Chair of the Board
Lukas Ruecker
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Chair's Profession / Business Affiliation
President, EyeMed Vision Care
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Board Size
9
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Paid Staff Size
45
*2021 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events, Cause- related marketing (affinity credit cards, consumer product sales, etc.)
Fundraising costs were 11% of related contributions. (Related contributions, which totaled $11,338,661, are donations received as a result of fundraising activities.)
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 OneSight's audited financial statements for the year ended December 31, 2021.
Source of Funds |
Contributions |
$11,237,661 |
In-kind contributions |
$1,507,020 |
Investment return, net |
$1,491,051 |
Other income |
$1,122,330 |
Paycheck Protection Program grant |
$843,767 |
Gain on disposal of fixed asset |
$88,215 |
Total Income |
$16,290,044 |
- Programs: 80%
- Administrative: 13%
- Fundraising: 7%
Total Income |
$16,290,044 |
Program expenses |
$14,027,608 |
Fundraising expenses |
$1,245,915 |
Administrative expenses |
$2,310,149 |
Other expenses |
$0 |
Total expenses: |
$17,583,672 |
Income in Excess of Expenses |
$-1,293,628 |
Beginning Net Assets |
$25,766,864 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$24,473,236 |
Total Liabilities |
$1,931,883 |
Total Assets |
$26,405,119 |
Note: According to the organization's 2021 audited financial statements, OneSight received in-kind contributions totaling $1,507,020 in the form of donated product and manufacturing services ($1,463,000) and donated space ($44,000).