RICHMOND EYE AND EAR FOUNDATION

EIN: 161628388 501(c)(3) Philanthropy & Grantmaking

RICHMOND, VA

Total Revenue
$174,052
Total Expenses
$151,184
Total Assets
$257,087
Net Assets
$59,735
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
TAYLAN BOZKURT
Phone
8045459434
Tax Period
2022-01-01 to 2022-12-31

RICHMOND EYE AND EAR FOUNDATION, founded in 2001, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $607K in total revenue in fiscal year 2018. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 66% operating deficit.

Mission

RICHMOND EYE & EAR FOUNDATION OPERATES IN DIRECT SUPPORT OF THE CHARITABLE PURPOSE OF ITS SUPPORTED ORGANIZATION, RICHMOND EYE AND EAR HEALTHCARE ALLIANCE. RICHMOND EYE AND EAR HEALTHCARE ALLIANCE (REEHA) OFFERS LOW VISION REHABILITATION SERVICE TO VISUALLY IMPAIRED, TEACHING PATIENTS TO USE THEIR REMAINING VISION MORE EFFICIENTLY. THE LOW VISION CLINIC SERVES MORE THAN 900 PATIENTS. RICHMOND EYE & EAR CONTINUES TO PROVIDE THIS SERVICE DESPITE TRADITIONALLY HIGH OPERATING COSTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $174,052
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $174,052

Expense Breakdown

Grants Paid $79,926
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $151,184
Other Expenses $71,258
TOTAL EXPENSES $151,184

Year-over-Year Comparison

2022 2021 Change
Revenue $174,052 $160,110 +0.1%
Expenses $151,184 $74,982 +1.0%
Net Income $22,868 $85,128 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$737,743
Total Directors
18
$0
Key Employees
1
$192,404
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MRS CHERRY PETERS DIRECTOR 1.00
Director
$0 $0 $0
MR PETER PASTORE DIRECTOR 1.00
Director
$0 $0 $0
MRS CHERYL JARVIS DIRECTOR 1.00
Director
$0 $0 $0
MS JOANNE WILEY DIRECTOR 1.00
Director
$0 $0 $0
CHRIS PETRAS MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ARMSTRONG JR MD DIRECTOR 1.00
Director
$0 $0 $0
DR ANNE H MCELROY DIRECTOR 1.00
Director
$0 $0 $0
MRS JEAN BENSON DIRECTOR 1.00
Director
$0 $0 $0
MRS CAROL ADELAAR DIRECTOR 1.00
Director
$0 $0 $0
ISAAC WORNAM MD DIRECTOR 1.00
Director
$0 $0 $0
ALENE OWENS DIRECTOR 1.00
Director
$0 $0 $0
PAUL MILLER DIRECTOR 1.00
Director
$0 $0 $0
DR PETER NETLAND COMMITTEE MEMBER 1.00
Director
$0 $0 $0
DR LAURENCE DINARDO COMMITTEE MEMBER 1.00
Director
$0 $0 $0
DR WILLIAM BENSON COMMITTEE MEMBER 1.00
Director
$0 $0 $0
BARRY E ROPER MD COMMITTEE MEMBER 1.00
Director
$0 $0 $0
DANIEL COELHO MD COMMITTEE MEMBER 1.00
Director
$0 $0 $0
RICHARD COSTANZO PHD COMMITTEE MEMBER 1.00
Director
$0 $0 $0
MR TAYLAN BOZKURT CEO STARTING JULY 2022 1.00
Officer
$0 $7,411 $171,237
MR BRUCE P KUPPER CEO 1.00
Officer
$0 $13,284 $331,089
MR JOHN HEADLEY CFO 1.00
Officer
$0 $15,289 $235,417
KAREN COLTRANE DIRECTOR OF DEVELOPMENT & FUNDRAISING 15.00
Key Emp
$0 $14,906 $192,404
JAMIE PUCCI OD DIRECTOR OF LOW VISION CENTER 40.00
Highest
$0 $11,646 $128,670
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 No data No data No data No data
2022 $174,052 $151,184 $257,087 $22,868
2021 $160,110 $74,982 $234,219 $85,128
2020 $111,011 $58,753 $169,678 $52,258
2019 $559,532 $460,308 $167,420 $99,224
2018 $606,886 $1,005,403 $16,820 $-398,517
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