Essilor Vision Foundation
Nonprofit profile at a glance
- EIN
- 331174387
- IRS 990 coverage
- 2014–2021
- Forms available
- Form 990 2021
- Location
- Dallas, TX, USA
- Phone
- 2144964316
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Eye Diseases, Blindness and Vision Impairments
Reported finances
- Revenue
- $816,858
- Expenses
- $827,871
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- BECKY PALM (PRESIDENT)
People named in this filing
- KEVIN RUPP (CHAIR)
- MARTY BASSETT (DIRECTOR)
- PATRICK ESQUERRE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Essilor vision foundation (evf) believes that nothing should stand in the way of a child having a brighter future, especially something as solvable as poor vision. Every day, evf focuses on empowering children to reach their full potential by helping them to see clearly.
What it reported doing in 2021
Kids vision for life (kvfl), evf's cornerstone program, provides vision exams and glasses to children in need at no cost to the children or their families. Children climb on board a mobile vision clinic to receive a vision exam from an eye doctor and have the chance to pick out their own frames. The glasses are usually made on-site and are provided to the child before the end of the day. Kvfl bridges the gap between the need and the solution, assisting under-served population where it is most convenient: in schools and at school-related or community-related events.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 86
- Accountability: 79
- Sustainability: 20
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 91.2%; rating input score 91
- Fundraising efficiency: $12.59 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 63.6%; rating input score 64; 13th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.3%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: -13.1% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -11.8% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -8.9% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 91.2% of spending went to programs
- Governance: 7 of 11 board members independent · 7 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $755K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 5 filing years from 2014 to 2021
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.