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Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541116569 ✦ Norfolk, VA ✦ Designated as a 501(c)(3)

Overview

What is Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?

Lions Medical Eye Bank & Research Center of Eastern Virginia Inc is a nonprofit organization situated in Norfolk, Virginia. Their primary mission is to offer safe and high-quality ocular tissue for healthcare professionals, who then utilize it for restoring sight through transplantation and research. The eye bank receives donated tissue, processes and evaluates it, and distributes it in accordance with guidelines issued by regulatory bodies such as the FDA and EBAA. The organization provided 720 ocular tissues for transplantation/implantation and research/education during the last fiscal year. By doing so, Lions Medical Eye Bank provides an opportunity for individuals to donate ocular tissue, offers healthcare professionals the means to combat blindness, and gives patients the hope of regaining clear vision. The organization has a workforce of 31 dedicated employees.


Official website here: www.lionseyebank.org

Is Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc legitimate?

Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $379,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $972,640

For more financial information, click here


Official website here: www.lionseyebank.org

What is the mission statement of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?

The Lions Medical Eye Bank & Research Center of Eastern Virginia's primary mission is to offer individuals the opportunity to donate ocular tissue. This donated tissue serves as a valuable resource for healthcare professionals, aiding in the fight against blindness. The organization's ultimate goal is to provide patients with the hope of regaining clear vision, including the ability to perceive form, color, and motion. To achieve this, the eye bank processes, evaluates, and disseminates the donated tissue according to guidelines issued by regulatory bodies like the FDA and EBAA, carrying out functions such as determining donor eligibility, evaluating tissue, storing, and distributing it. In the previous fiscal year, the eye bank supplied 666 tissues for transplantation/implantation and 54 tissues for research and education.


Official website here: www.lionseyebank.org

Who is the CEO of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?

David Korroch is the Director of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc. The CEO's salary of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc is $364,171 and their total compensation is $443,128.


Official website here: www.lionseyebank.org

What is the revenue of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?

Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc's revenue in 2022 was $2,447,492.


Official website here: www.lionseyebank.org

Who are the executives of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc and what are their salaries?

The average compensation at Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc during 2022 was $43,607. There are 31 employees and 28 volunteers at Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc.

Here are 21 key members and their salaries (Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc's CEO's salary is $364,171 and their total compensation is $443,128):

    David Korroch (Ceo)
  • Compensation: $364,171
  • Related: $0
  • Other: $78,957

    • Bruce Bodner Md (Medical Dir)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • E Warriner Atkinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherry Atwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard D Boone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Gaddis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Hardee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin Joseph (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vickie Kennedy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chester P Kramer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Sidney Lanier (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Larmore (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael J Leonard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jordan Levitin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • H Hauser Weiler Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Watters Jr Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephanie Marioneaux Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ed Ianni Phd (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jashua Rockwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Senecal (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clayton Senecal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lionseyebank.org

    Where can I find the form 990 for Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc?

    The Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lionseyebank.org

    Learn more at the official website: www.lionseyebank.org

    Mission Statement of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc

    Lions Medical Eye Bank & Research Center of Eastern Virginia is an organization dedicated to providing a unique opportunity for individuals to donate ocular tissue. This gift not only benefits those in the medical field, offering them the means to combat blindness, but also brings hope to patients who yearn to regain clear vision, observing form, color, and motion.

    The primary mission of Lions Medical Eye Bank & Research Center of Eastern Virginia is to serve as a safe and reliable source of quality ocular tissue for healthcare professionals. The organization procures these tissues, processes them, evaluates their suitability, and distributes them in accordance with regulations issued by regulatory bodies such as the FDA, EBAA, and others. The functions of the eye bank encompass activities like determining donor eligibility, evaluating tissue, storing it, and distributing it for transplantation or research and educational purposes.

    In the past fiscal year, Lions Medical Eye Bank & Research Center of Eastern Virginia provided 666 tissues for transplantation/implantation and 54 tissues for research and education, demonstrating the organization's significant role in restoring sight for numerous individuals and furthering medical knowledge in the field.

    Impact

    This information is meant to be a general summary of Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Lions Medical Eye Bank & Research Center Of Eastern Virginia Inc plays a crucial role in restoring sight and ending blindness by providing safe and quality ocular tissue for transplantation and research. In the past fiscal year alone, the organization supplied 666 tissues for transplantation/implant and 54 tissues for research and education. By facilitating the donation, processing, evaluation, and distribution of ocular tissues, the Eye Bank is directly impacting the lives of patients, healthcare professionals, and researchers, offering hope for clear vision and advancements in the field of eye health.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $142,746
  • Program Service Revenue: $2,288,108
  • Gross Receipts: $2,533,701

    • Assets and Liabilities:
  • Total Assets: $2,902,079
  • Total Liabilities: $262,876
  • Net Assets: $2,639,203
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TISSUE REIMBURSEMENT F

    Revenue

    $2,238,651

    REIMBURSEMENTS

    Revenue

    $46,507

    DONOR CONSENT FEES

    Revenue

    $2,950

    Organization Details

    Founding Year

    1979

    Principal Officer

    David Korroch

    Main Address

    600 GRESHAM DRIVE, NORFOLK, VA, 23507

    NTEE Category

    Code: G41Z - Disease

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