Eye and Contact Lens Foundation

Nonprofit profile at a glance

EIN
411876202
IRS 990-EZ coverage
2010–2025
Forms available
Form 990 2020, Form 990-EZ 2025
Location
Centennial, CO, USA
Phone
3037706048
Rating confidence
Limited

Reported finances

Expenses
$329,296
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • MICHAEL H GOLDSTEIN MD (CHAIR)
  • JAMES E KEY II MD (TRUSTEE)
  • S LANCE FORSTOT MD (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The eye and contact lens foundation supports education and the advancement of research and technologies related to contact lenses, anterior segment vision care services and public eye health care.

What it reported doing in 2025

Support scholars and mentoring relationships. Provide training opportunities for residents, fellows and young investigators. Support dissemination of new contact lens and other means of vision correction worldwide.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 82
  • Sustainability: 11
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 99.5%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: -11% per year; rating input score 0; 49th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 56th percentile among comparable filings

Details

  • Where the money goes: 99.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $328K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 3 of 3 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • 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.

  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.