Seva Foundation
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
Seva Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to create self-sustaining programs that preserve and restore sight."
Year, State Incorporated:
1978, CA
Seva Foundation reports that it, along with its partners, works to restore sight in communities across 20 countries with little or no access to eye care. The organization seeks to increase the capacity of local hospitals and develop sustainable eye care programs with long-term impact. In 2023, Seva Foundation states that it provided eye screenings for 423,970 children, served 332,963 individuals at its vision centers, and 59,005 children received glasses. In addition, the organization reports that it trained 431 ophthalmic support staff, 143 doctors, and established 27 vision centers.
For the year ended June 30, 2023, Seva Foundation's program expenses were:
International development education: $186,481
Global Sight Initiative: $9,942,514
Total Program Expenses: $10,128,995
Chief Executive
Kathleen Moynihan, Executive Director
Compensation*
$255,834
Chair of the Board
Mariano Yee, MD
Chair's Profession / Business Affiliation
Ophthalmologist at Visualiza, Guatemala City, Guatemala
Board Size
9
Paid Staff Size
36
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio, Special events
Fundraising costs were 14% of related contributions. (Related contributions, which totaled $9,922,473, 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 Seva Foundation's audited financial statements for the year ended June 30, 2023.
Source of Funds
| In-kind contributions | $371,355 |
| Special events, net | $-28,369 |
| Dividend and interest income | $815,182 |
| Other income | $-3,231 |
| Contributions and grants | $9,579,487 |
| Unrealized and realized gain on investments, net | $1,092,606 |
| Total Income | $11,827,030 |
Programs: 78% Fundraising: 11% Administrative: 11%
| Total Income | $11,827,030 |
| Total expenses: | $12,929,346 |
| Program expenses | $10,128,995 |
| Fundraising expenses | $1,402,565 |
| Administrative expenses | $1,397,786 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-1,102,316 |
| Beginning Net Assets | $34,783,813 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $33,681,497 |
| Total Liabilities | $1,199,910 |
| Total Assets | $34,881,407 |
Note: According to Seva Foundation's audited financial statements for the year ended June 30, 2023, the organization received $371,355 in contibuted goods and services including advertising ($157,366), ophthamalogy professional services ($127,548), program salaries for foreign offices ($70,541), and eye glasses and frames ($15,900).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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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 Wise Giving Alliance