FRIENDS OF ARAVIND INC DBA ARAVIND EYE FOUNDATION INC

EIN: 383532410 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$835,389
Total Expenses
$519,098
Total Assets
$7,487,556
Net Assets
$7,487,556
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Principal Officer
DR R CHRISTINE MELTON
Phone
9174124742
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF ARAVIND INC DBA ARAVIND EYE FOUNDATION INC, founded in 2000, is a small nonprofit in the Health Care sector that reported $835K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $316K, a strong 38% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO ENGAGE IN SUCH ACTIVITY AS MAY BE NECESSARY, APPROPRIATE OR OTHERWISE HELPFUL TO SUPPORT, PROVIDE ASSISTANCE TO OR PERFORM FUNCTIONS OF ARAVIND EYE HOSPITAL AND POSTGRADUATE INSTITUTE OF OPHTHAMOLOGY HEADQUARTERS IN MADRAI, INDIA (ARAVIND EYE HOSPITAL). THE GOAL OF ARAVIND EYE HOSPITAL IS TO ELIMINATE NEEDLESS BLINDNESS. Aravind Eye Foundation WILL SUPPORT ARAVIND EYE HOSPITAL IN WORKING TOWARD THAT GOAL:(A) BY PROMOTING ARAVIND EYE HOSPITAL AND COMMUNICATING ITS ACTIVITIES THROUGHOUT THE WORLD;(B) BY SUPPORTING ARAVIND EYE HOSPITAL DIRECTLY IN SERVICE DELIVERY, HUMAN RESOURCE AND ORGANIZATION DEVELOPMENT, SECURING EQUIPMENT AND SUPPLIES, LOCATING VOLUNTEERS WHO MEET IDENTIFIED NEEDS AND METTING OTHER REQUESTS OF THE ARAVIND EYE HOSPITAL; AND(C) BY ASSISTING IN THE SPREAD OF "THE ARAVIND MODEL" TO OTHER PLACES IN INDIA AND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $137,376

Cataract InitiativeAravind Eye Foundation SUPPORTS THE ARAVIND EYE CARE SYSTEM IN ITS MISSION TO ELIMINATE NEEDLESS BLINDNESS BY FUNDING ITS PROJECT DIVISIONS INCLUDING capacity building, community...

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Cataract InitiativeAravind Eye Foundation SUPPORTS THE ARAVIND EYE CARE SYSTEM IN ITS MISSION TO ELIMINATE NEEDLESS BLINDNESS BY FUNDING ITS PROJECT DIVISIONS INCLUDING capacity building, community outreach, RESEARCH, training and EDUCATION, spectacles for school children, AND RING OF HOPE, WHICH provides treatment for children with eye cancer.

Program 2
Expenses: $100,867

Spectacles for ScholarsAravinds 117 Rural Vision Centers cover a population of approximately 12 million and can provide 90% of basic vision care, from vision screening and spectacles to surgical...

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Spectacles for ScholarsAravinds 117 Rural Vision Centers cover a population of approximately 12 million and can provide 90% of basic vision care, from vision screening and spectacles to surgical follow-up. All patients are first seen by highly trained technicians, followed by a telemedicine visit with an ophthalmologist, who reviews results and prescribes treatment.Twenty-one centers have been funded by the Aravind Eye Foundation since 2011; this past year nearly 200,000 patients visited and more than 25,000 received eye glasses from these centers.The most common vision problem in the world can be solved with the simplest solution a pair of eyeglasses. Aravinds Spectacle for Scholars program screened 304,032 students and 13,280 received free spectacles.

Program 3
Expenses: $95,876

School Screen at VCThe foundation continues to support work to integrate school screening into vision centers. This program seeks to reach students who might be missed by traditional school...

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School Screen at VCThe foundation continues to support work to integrate school screening into vision centers. This program seeks to reach students who might be missed by traditional school screenings and to raise awareness about the importance of eyecare within the whole community. This past year, the programs in Madurai and Tirunelveli screened 76,673 students from 362 schools and referred 7,081 children for follow-up at their local vision center.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,088
Program Service Revenue $0
Investment Income $358,746
Other Revenue $1,555
TOTAL REVENUE $835,389

Expense Breakdown

Grants Paid $430,009
Salaries & Benefits $55,112
Fundraising Expenses $22,778
Program Expenses $452,654
Other Expenses $33,977
TOTAL EXPENSES $519,098

Year-over-Year Comparison

2024 2023 Change
Revenue $835,389 $4,636,372 -0.8%
Expenses $519,098 $451,082 +0.2%
Net Income $316,291 $4,185,290 -0.9%
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
13
Independent Members
12
Employees
1
Volunteers
1

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
5
$15,282
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donna Campbell Executive Dir. 30.00
Officer
$15,282 $0 $15,282
DR R CHRISTINE MELTON President 1.00
Officer Director
$0 $0 $0
PAVITHRA MEHTA Sec/Tres 1.00
Director
$0 $0 $0
DR ANANDI NAGARAJAN Vice President 1.00
Officer Director
$0 $0 $0
DR ALAN ROBIN BOARD MEMBER 1.00
Director
$0 $0 $0
DR ARAVIND Srinivasan Board Member 1.00
Director
$0 $0 $0
THULSIRAJ Ravilla Board Member 1.00
Director
$0 $0 $0
JOHN SAMUEL BOARD MEMBER 1.00
Director
$0 $0 $0
Sriram Viswanathan Board Member 1.00
Director
$0 $0 $0
Dr RD Ravindran Board Member 1.00
Director
$0 $0 $0
Lady Neelam Sekhri Feachem Board Member 1.00
Director
$0 $0 $0
Dr MEENA ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
DR SACHIN GUPTA Vice President 1.00
Officer Director
$0 $0 $0
CHITRA PRASAD TREASURER/Secre 4.00
Officer Director
$0 $0 $0
Ms Kathy Stillo Board Member 0.00
Director
$0 $0 $0
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 $835,389 $519,098 $7,487,556 $316,291
2023 $4,636,372 $451,082 $7,087,513 $4,185,290
2022 $563,859 $477,312 $2,764,816 $86,547
2021 $454,694 $1,609,075 $3,018,003 $-1,154,381
2020 $1,484,783 $586,022 $4,079,307 $898,761
2019 $996,369 $957,818 $3,041,771 $38,551
2018 $334,580 $1,042,936 $2,811,768 $-708,356
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