Glaucoma Service Foundation to Prevent Blindness
Nonprofit profile at a glance
- EIN
- 232106693
- IRS 990 coverage
- 2011–2016
- Forms available
- Form 990 2016
- Location
- Philadelphia, PA, USA
- Phone
- 2159283190
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Eye Diseases, Blindness and Vision Impairments
Reported finances
- Revenue
- $208,843
- Expenses
- $259,485
- Assets
- $124,597
- Liabilities
- $4,993
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- MAXINE COLM EDD (PRESIDENT)
People named in this filing
- MAXINE COLM EDD (PRESIDENT)
- JEREMIAH J WHITE JR (TRUSTEE)
- DR L JAY KATZ (SECRETARY)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is to encourage and support research into all fields related to eye diseases, stimulate education in this field, and to support educational institutions, agencies and organizations dealing with eye diseases.
What it reported doing in 2016
The foundation's printed newsletter, "searchlight glaucoma" gives a complete account of the foundation's program accomplishments. Copies of the newsletter are available upon request.
Operating model
- Revenue model
- Donor-supported. 100% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 26
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.1%; rating input score 89
- Program expense ratio: 71.7%; rating input score 72
- Fundraising efficiency: $4.91 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -24.2%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -19.1% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -23.3% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 89.1% of revenue deployed · 71.7% of spending went to programs
- Governance: 10 of 10 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $186K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2011 to 2016
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 23/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.