The Cincinnati Eye Institute Foundation

EIN: 204418334 501(c)(3) Medical Research

Cincinnati, OH

Total Revenue
$959,816
Total Expenses
$942,445
Total Assets
$670,900
Net Assets
$585,857
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
OH
Principal Officer
Amy R Jones
Phone
5138782300
Tax Period
2024-01-01 to 2024-12-31

The Cincinnati Eye Institute Foundation, founded in 2008, is a small nonprofit in the Medical Research sector that reported $960K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum.

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.

Program Service Accomplishments

Program 1
Expenses: $762,694

The CEI Foundation's Vision Clinics located in the neighborhoods of Covington, Florence,Newport,Price Hill, and College Hill/North College Hill provide free and or reduced cost comprehensive dilated...

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The CEI Foundation's Vision Clinics located in the neighborhoods of Covington, Florence,Newport,Price Hill, and College Hill/North College Hill provide free and or reduced cost comprehensive dilated eye exams by ophthalmologists and optometrists. These clinics serve the poor and uninsured population of Greater Cincinnati and Northern Kentucky. The household income of patients seen at all CEIF Clinics are at or below 200% of the Federal Poverty Guidelines. These Clinics provide patients with comprehensive, dilated eye exams, tests for eye disease, assistance with pharmaceutical indigent care applications for free or reduced price medications and vouchers for free prescription eye glasses including lenses and frames. CEIF Vision Clinics continue to be the only free or reduced cost resource for adult and children in the region.

Program 2

The Richard Kerstine Vision Outreach Program provides free preventive eye screenings and lectures on maintaining eye health and eye disease throughout the Greater Cincinnati community. The Vision...

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The Richard Kerstine Vision Outreach Program provides free preventive eye screenings and lectures on maintaining eye health and eye disease throughout the Greater Cincinnati community. The Vision Outreach Program targets all adults aged 60+ and adult African Americans and Latinos because of their higher prevalence rates of eye disease due to diabetes and other diseases. The Program works directly with local nonprofit agencies, community centers, senior center, churches, and retirement communities to provide onsite screening and lectures on preventing and treating eye disease. Follow-up services are provided to participants needing additional testing or care, including assistance in obtaining medical appointments with local eye care providers, or through charitable agencies including The CEI Foundation's Vision Clinics.

Program 3
Expenses: $49,870

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...

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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.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $929,565
Program Service Revenue $0
Investment Income $12,741
Other Revenue $17,510
TOTAL REVENUE $959,816

Expense Breakdown

Grants Paid $49,600
Salaries & Benefits $618,406
Fundraising Expenses $56,489
Program Expenses $817,868
Other Expenses $274,439
TOTAL EXPENSES $942,445

Year-over-Year Comparison

2024 2023 Change
Revenue $959,816 $608,775 +0.6%
Expenses $942,445 $803,105 +0.2%
Net Income $17,371 $-194,330 -1.1%
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
10
Independent Members
10
Employees
5
Volunteers
10

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
4
$185,120
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Melanie Prevost CPA Vice Chairman & Treasurer 2.00
Officer Director
$0 $0 $0
Hope O'Brien MD Director 2.00
Director
$0 $0 $0
George H Sehi PHD Secretary 2.00
Officer Director
$0 $0 $0
Daniel Geeding PHD Director 2.00
Director
$0 $0 $0
Mona Kerstine Director 2.00
Director
$0 $0 $0
Robert Wassler Director 2.00
Director
$0 $0 $0
Bruce Healey Chairman 2.00
Officer Director
$0 $0 $0
Michael McGraw Director 2.00
Director
$0 $0 $0
Susan Emerson Director 2.00
Director
$0 $0 $0
Bill Cloppert Director 2.00
Director
$0 $0 $0
Amy Jones President & CEO 40.00
Officer
$7,000 $44,129 $185,120
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 $959,816 $942,445 $670,900 $17,371
2023 $608,775 $803,105 $692,128 $-194,330
2022 $547,303 $543,061 $853,324 $4,242
2021 $513,575 $461,778 $816,396 $51,797
2020 $434,610 $389,950 $748,135 $44,660
2019 $295,429 $414,063 $748,619 $-118,634
2018 $485,186 $459,111 $858,643 $26,075
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