Better Business Bureau Report for
Houston Eye Associates Foundation

Better Business Bureau Report issued May 2012
Better Business Bureau Report expires May 2013


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: 2855 Gramercy
  Houston, TX 77025
Phone: 713-558-8760
713-668-6828
Web Address: www.houstoneye.com
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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 Foundation and other partnering medical professionals donate their surgical services and office visits, and Houston Eye Associates Foundation pays for hospital and surgical facility fees, vision-saving medications, laboratory testing and other ancillary expenses. In 2011, HEAF served 187 patients and 155 surgeries were performed with donated time valued at $803,011 from Houston Eye Associates physicians.

For the fiscal year ended December 31, 2010, Houston Eye Associates Foundation's program expenses were:

  
Patient services 1,526,250
Total Program Expenses: $1,526,250
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Governance

               

Chief Executive : Claudia McCabe, Executive Director
Compensation*:
 $59,657

Chair of the Board: Mark C. Vital, M.D.
Chair's Profession / Business Affiliation: Houston Eye Associates, Opthamologist, Corneal and external disease specialist

Board Size: 18

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:

newsletters
Fund raising costs were 7% of related contributions. (Related contributions, which totaled $1,652,217, 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

               


Source of Funds  
Donated services 787,559
Donated facilities 499,193
Contributions 206,553
Special events 158,912
Net realized and unrealized gain on investments 138,085
Interest and dividend income 26,736
Total Income $1,817,038


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Uses of Funds as a % of Total Expenses

Programs: 90%  Fund Raising: 7%  Administrative: 3% 

Total income   $1,817,038
  Program expenses $1,526,250
  Fund raising expenses 117,063
  Administrative expenses 45,999
 
Total expenses   $1,689,312
Income in Excess of Expenses   127,726
Beginning net assets   1,282,890
Ending net assets   1,410,616
Total liabilities   45,343
Total assets   $1,455,959


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Complaints

               

0 complaint(s) closed with BBB in the last 3 years. 0 complaint(s) closed in the last 12 months.

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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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