Better Business Bureau Report for
Kentucky Lions Eye Foundation

Better Business Bureau Report issued September 2015
Better Business Bureau Report expires September 2017


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


Find out more about this charity:

Back To Top

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
Back To Top

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

Back To Top

Evaluation Conclusions

              

Kentucky Lions Eye Foundation meets the 20 Standards for Charity Accountability.
Back To Top

Programs

              

The Kentucky Lions Eye Foundation 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, 2014, Kentucky Lions Eye Foundation's program expenses were:

  
Eye Bank, Eye Clinic & Screening 1,535,843
Direct Aid to Visually Impaired 64,297
Total Program Expenses: $1,600,140
Back To Top

Governance

              

Chief Executive : Wenda Owen , Executive Director
Compensation*: 
$76,727

Chair of the Board: Gerald Wedding
Chair's Profession / Business Affiliation: Broker / Auctioneer with Wedding Realty

Board Size: 51

Paid Staff Size: 12

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

Invitations to fund raising events, grant proposals, planned giving arrangements, internet appeals
Fund raising costs were 20% of related contributions. (Related contributions, which totaled $211,896, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

              

The following information is based on Kentucky Lions Eye Foundation's audited financial statements for the fiscal year ended June 30, 2014.

Ending net assets as reported below include $2,009,995 in unrestricted net assets, $90,016 in temporarily restricted net assets, and $1,306,082 in permanently restricted net assets.

Unrestricted net assets include $1,137,839 in undesignated assets and $872,156 in Board designated assets.

Total assets as reported include $175,035 invested in property and equipment, net.


Source of Funds  
Eye Bank Processing Fees 1,639,825
Net Investment Income 314,031
Patron Program Donation 78,742
General Donations 43,283
Basketball Fundraiser Revenue 33,532
Income from Holloran Trust 16,247
KidSight Program Donation 15,950
Income from Wrege Trust 12,534
Mobile Eye Screening Donation 7,813
Basketball Fundraiser Donations 3,795
Other Income 1,500
Service Endowment -2,172
Total Income $2,165,080


chart



Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 2%  Administrative: 10% 

Total income $2,165,080
Program expenses $1,600,140
Fund raising expenses 43,112
Administrative expenses 189,783
Total expenses $1,833,035
Income in Excess of Expenses 332,045
Beginning net assets 3,074,048
Ending net assets 3,406,093
Total liabilities 156,063
Total assets $3,562,156


Back To Top

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.

Send to:



What is an Accredited Charity