The Institute for Visual Sciences Inc

Nonprofit profile at a glance

EIN
132828590
IRS 990-EZ coverage
2009–2015
Forms available
Form 990 2012, Form 990-EZ 2015, Form 990-N 2013
Location
New York, NY, USA
Phone
2122491140
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Eye Diseases, Blindness & Vision Impairments Research

Reported finances

Revenue
$3,667
Expenses
$759,361
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • FRANCES A L'ESPERANCE (chairman and director)
  • Ellen L'Esperance (treasurer and director)
  • joan gubernowycz (secretary and 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-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

THE INSTITUTE APPLIES TECHNOLOGICAL RESOURCES TO THE DIAGNOSIS AND TREATMENT OF EYE DISEASE AND CONDUCTS MEDICAL RESEARCH. The institute dissolved during the year.

What it reported doing in 2015

Research - members of the institute for visual sciences group evaluated opthamological lasers for use in surgical procedures. Sponsored diabetic renal-retinal syndrome symposium. The institute dissolved during the year.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.8%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -20,608%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 30.9% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: -40.7% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -20.9% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $743K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2009 to 2015
  • 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: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.