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 Vulnerability Assessment (Tuckman-Chang)

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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 Friends of Aravind, Inc., founded in 2000 and doing business as the Aravind Eye Foundation, Inc. ("AEF") since 2011, is a not-for-profit organization that helps the Aravind Eye Care System ("AECS") in India spread its model of sustainable, high-quality eye care to India's rural populations and to other developing countries. AEF provides funding for capacity building, community outreach, training and education, and medical research to help AECS achieve its vision of eliminating needless blindness worldwide. AEF makes grants to provide eye glasses to underprivileged school children in the India states of Tamil Nadu and Pondicherry; to treat patients for eye cancer, corneal ulcers, and ocular trauma; and to provide equipment and training to eye hospitals and vision centers in South Asia and Africa.

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Trantor Score

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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Liquidity & Cash Position

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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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