The Cincinnati Eye Institute Foundation

Nonprofit profile at a glance

EIN
204418334
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2013
Location
Cincinnati, OH, USA
Phone
5138782300
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Eye Diseases, Blindness & Vision Impairments Research

Official website

Reported finances

Revenue
$959,816
Expenses
$942,445
Assets
$670,900
Liabilities
$85,043

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Amy Jones (President & CEO)

Highest reported compensation

  • Amy Jones (President & CEO): $185,120 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Cincinnati Eye Institute Foundation's (CEIF) Mission is to preserve and improve sight. CEIF provides access to eye care services for the most vulnerable and the underserved in the region. It also advances the education of eye care professionals, it educates the public about vision-related issues, and it funds eye-related research. CEIF has found that the most effective and efficient way to achieve its mission and goals is through the sharing of resources, the exchange of information, and the forging of collaborative partnerships with other community groups, agencies and like-minded individuals. CEIF has come to realize that it takes a community-wide effort to ensure that all individuals living in Greater Cincinnati have access to the eye care they need. This philosophy has led to CEIF's opening free clinics in partnership with other providers in neighborhoods of high poverty and high unemployment.

What it reported doing in 2024

The Cincinnati Eye Institute Foundation (CEIF) continues to support the education of eye care professionals in the region through continuing education programs for Doctors of Optometry, through promotion of professional certification of Ophthalmology technicians, and CEIF's continued supports Ophthalmology Residents in the Department of Ophthalmology at the University of Cincinnati's College of Medicine. The hope is that once their residency is complete, these residents will remain in the Greater Cincinnati area to practice.In 2013, CEIF joined with the OneSight Foundation, the Cincinnati Public School System, the Cincinnati Health Department and the Ohio Optometric Association to establish the OneSight Eye Clinic at Oyler School in the lower Price Hill area of Cincinnati. The CEI Foundation provided the design and business model for the Clinic which became the country's first, financially self-sustaining eye clinic within a school based health center.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 71
  • Accountability: 90
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 86.8%; rating input score 87
  • Fundraising efficiency: $16.46 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 1.8%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 39; 39th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 14.8% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 10.3% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 86.8% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $818K in reported program spending
  • Leadership: top reported pay $185K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 39/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.