Better Business Bureau Report for
Kentucky Lions Eye Foundation

Better Business Bureau Report issued August 2013
Better Business Bureau Report expires August 2015


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


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Charity Contact Information

Name: Kentucky Lions Eye Foundation
Address: 301 E. Muhammad Ali Boulevard
  Louisville, KY 40202
Phone: 502-583-0564
Web Address: www.kylionseye.org
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Better Business Bureau Comments

Year, State Incorporated: 1954, Kentucky
Affiliates: None
Stated Purpose: Kentucky Lions Eye Foundation's mission is to prevent and cure blindness by supporting research and operating eye clinics, eye screenings, and eye banks. The objectives of the organization include: --to provide quality programs and services for the conservation of sight --to provide assistance for the unmet medical needs associated with sight --to work closely with medical schools to obtain technical support in order to provide sight related clinical services, research, and related medical care

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Evaluation Conclusions

              

Kentucky Lions Eye Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Kentucky Lions Eye Foundation operates eye clinics for populations in need of eye care and also operates an eye bank for transplant and research purposes. In addition, the organization provides vision screening for the early detection of eye disease at multiple locations across the state and also supports eye research at the Kentucky Lions Research Institute, Department of Ophthalmology, University of Louisville.

For the fiscal year ended June 30, 2012, Kentucky Lions Eye Foundation's program expenses were:

  
Eye Bank, Eye Clinic & Screening 1,305,296
Direct Aid to Visually Impaired 77,782
Total Program Expenses: $1,383,078
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Governance

              

Chief Executive : Wenda Owen , Executive Director
Compensation*: 

Chair of the Board: Noel Hardwick
Chair's Profession / Business Affiliation: Self Employed

Board Size: 51

Paid Staff Size: 12

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Fund Raising

              

Method(s) Used:

Methods of fund raising include direct mail, invitations to fund raising events, grant proposals, and planned giving arrangements.
Fund raising costs were 38% of related contributions. (Related contributions, which totaled $244,598, are donations received as a result of fund raising activities.)

While the fund raising expense ratio was over the 35% ratio in standard 9, the agency has reported that fund raising event revenue is increasing and the agency anticipates meeting the standard going forward.
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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 Kentucky Lions Eye Foundation's audited financial statements for the fiscal year ended June 30, 2012.

Ending net assets as reported below include $1,767,019 in unrestricted net assets , $36,679 in temporarily restricted net assets, and $990,409 in permanently restricted net assets.

Unrestricted net assets include $1,030,141 ub undesignated assets and $736,878 in Board designated assets.

Total assets as reported include $158,995 invested in property and equipment, net.


Source of Funds  
Eye Bank Processing Fees 1,451,300
KidSight Donations / Grants 66,683
All Star Basketball Revenue 56,906
Holloran Trust Income 27,089
All Star Basketball Game Donations 18,803
Patron Program Donations 17,528
Candy Day & Pins 16,009
Finis Davis Fellow Membership 13,700
General Donations 11,140
Memorials 6,575
Mobile Eye Screenings 5,846
Service Endowment 4,319
Other Income 1,760
Net Investment Income -8,705
Loss on Uncollectible Pledges -23,000
Total Income $1,665,953


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Uses of Funds as a % of Total Expenses

Programs: 84%  Fund Raising: 6%  Administrative: 10% 

Total income $1,665,953
Program expenses $1,383,078
Fund raising expenses 92,670
Administrative expenses 157,374
Total expenses $1,633,122
Income in Excess of Expenses 32,831
Beginning net assets 2,761,276
Other Changes in Net Assets 144,058
Ending net assets 2,794,107
Total liabilities 120,853
Total assets $2,914,960


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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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