Better Business Bureau Report for
Houston Eye Associates Foundation

Better Business Bureau Report issued June 2014
Better Business Bureau Report expires June 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Houston Eye Associates Foundation
Address: 7155 Old Katy Road, Suite N100
  Houston, TX 77024
Phone: 713-558-8740
713-668-6828
Web Address: www.houstoneye.com/foundation
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Better Business Bureau Comments

Year, State Incorporated: 1981, Texas
Affiliates: None
Stated Purpose: Houston Eye Associates Foundation's is committed to preserving and restoring sight with comprehensive eye care, surgeries, medications, and ancillary services for individuals in financial hardship; and supporting education and research initiatives for the benefit of the community.

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Evaluation Conclusions

              

Houston Eye Associates Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

Physicians of Houston Eye Associates and other partnering medical professionals donate their surgical services and office visits, and Houston Eye Associates Foundation pays for surgical facility fees, vision-saving medications, laboratory testing and other ancillary expenses. In 2013, HEAF served 208 patients and 299 surgeries were performed with donated time valued at $1,568,737 from partnering physicians.

For the fiscal year ended December 31, 2013, Houston Eye Associates Foundation's program expenses were:

  
Patient services 3,024,987
Total Program Expenses: $3,024,987
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Governance

              

Chief Executive : Claudia McCabe, Executive Director
Compensation*: 

Chair of the Board: Mark C. Vital, MD - President of the Board of Directors
Chair's Profession / Business Affiliation: Ophthalmologist, Corneal and External Disease Specialist - Houston Eye Associates

Board Size: 20

Paid Staff Size: 2

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

invitations to fund raising events, grant proposals, newsletters
Fund raising costs were 3% of related contributions. (Related contributions, which totaled $3,104,041, are donations received as a result of fund raising activities.)
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Tax Status

              

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.
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Financial

              

The following information is based on Houston Eye Associates Foundation's audited financial statements for the fiscal year ended December 31, 2013.

Source of Funds  
Donated services 1,626,782
Donated facilities 1,093,468
Contributions 200,247
Net realized and unrealized gain on investments 186,012
Special events 183,544
Interest and dividend income 45,878
Total Income $3,335,931


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Uses of Funds as a % of Total Expenses

Programs: 96%  Fund Raising: 3%  Administrative: 1% 

Total income $3,335,931
Program expenses $3,024,987
Fund raising expenses 95,379
Administrative expenses 37,202
Total expenses $3,157,568
Income in Excess of Expenses 178,363
Beginning net assets 1,475,049
Ending net assets 1,653,412
Total liabilities 33,531
Total assets $1,686,943


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Complaints

              

The BBB has processed no customer complaints on this charity in its three year reporting period.

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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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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