Onesight Essilorluxottica Foundation Fund

Nonprofit profile at a glance

EIN
471119043
IRS 990-PF coverage
2015–2024
Forms available
Form 990-PF 2024
Location
Dallas, TX, USA
Phone
5135169859
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$8,980,320
Expenses
$11,518,291

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2024

The foundation reported 79 grants totaling $10,302,934. The stated grant purposes included our partner, khmer sight foundation will be implementing monthly vses on the ground on behalf of oself and aim to equiplow income beneficiaries across their charitableevents. many international eye hospitals and ngo groups will send in their teams on a regular basistoprovide these charitable services., el indonesia is committed to help drive csr efforts for oself in indonesia by working with 3 major and active foundations in indonesia. mnc foundation is the largest media house in sea and has committed to two big scale vses and works with semarang ministry to mobilise the 19 schools around semarang so we can provide access to the students. john fawcett foundationhas monthly screenings around the islands. iropinis active in providing vision screening, and oself leaders have been identified to organise 2 big scale vses with our partners and el factories volunteers during world sight day and family day. the entire factory operations team will be 0 involved as part of community building in the suvarnkhat village surrounding our factory., plus 63 other reported purposes.

Operating model

Revenue model
Donor-supported. 97% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 89% of its reported charitable disbursements as grants.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 89
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 0

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 100th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 89.4%; rating input score 89; 71st percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.39; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 0th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 87 filed money-flow records
  • 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.

  • High — Endowment Health: Endowment-health comparison scored 0/100.
  • Review — Compliance: Part VII-B activity disclosures: Grants to organizations not reported.