Knights Templar Eye Foundation Inc in Flower Mound, Texas (TX)

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Knights Templar Eye Foundation Inc
Employer Identification Number (EIN)520686958
Name of OrganizationKnights Templar Eye Foundation Inc
Address1033 Long Prairie Rd Ste 5, Flower Mound, TX 75022-4230
ActivitiesOther health services
SubsectionCharitable Organization
Ruling Date05/1957
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$91,850,481
Amount of Income$85,586,682
Form 990 Revenue Amount$11,685,838
National Taxonomy of Exempt Entities (NTEE)Diseases, Disorders, Medical Disciplines: Eye Diseases, Blindness and Vision Impairments


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Amount of income in 2012: $85,586,682
Knights Templar Eye Foundation Inc: 

 $85,586,682
Other organizations performing similar types of work: 

 $1,051,900

Assets in 2012: $91,850,481
This organization: 

 $91,850,481
Other organizations performing similar types of work: 

 $5,723,112

Expenses in 2007: $4,730,976
Knights Templar Eye Foundation Inc: 

 $4,730,976
Other organizations performing similar types of work: 

 $785,317

Income to expenses ratio in 2007: 1.1
Knights Templar Eye Foundation Inc: 

 1.1
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 91.3%
This organization: 

 91.3%
Other organizations performing similar types of work: 

 64.2%

Grants share in income in 2007: 45.8%
This organization: 

 45.8%
Other organizations performing similar types of work: 

 47.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$12,573,632$6,078,432$3,337,894$11,443,033$6,837,989$7,109,369$8,818,005$5,436,678
Contributions, gifts, grants, and similar amounts received$2,385,917$4,234,906$3,764,024$2,346,061$2,432,099$2,481,663$3,070,656$2,488,350
Contributions to donor advised funds$0$0
Direct public support$2,385,917$4,234,906$3,764,024$2,346,061$2,432,099$2,481,663$3,070,656$2,488,350
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0$0$0$0$0
Membership dues and assessments$95,281$94,621$84,967$78,272$69,740$476$116,930$0
Interest on savings and temporary cash investments$0$2,736,147$2,523,080$2,113,674$33,629$2,512,886$3,299,864$3,488,597
Dividends and interest from securities$3,216,423$435,518$470,657$535,642$3,027,334$613,223$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$6,873,117$-1,424,757$-3,506,539$6,367,254$1,237,340$1,500,971$2,330,292$-540,434
Gross amount from sales of assets other than inventory$30,216,117$58,335,441$63,065,579$75,440,842$49,199,009$50,838,707$55,016,860$53,572,840
Less: cost or other basis and sales expenses$23,343,000$59,760,198$66,572,118$69,073,588$47,961,669$49,337,736$52,686,568$54,113,274
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$2,894$1,997$1,705$2,130$37,847$150$263$165
Total expenses$6,715,493$6,125,558$5,646,864$6,089,749$6,478,959$5,021,829$4,845,175$4,730,976
Program services$6,119,844$5,558,099$5,091,114$5,571,406$6,059,874$4,616,677$4,438,013$4,320,013
Management and general$510,037$415,776$408,899$374,167$286,471$267,218$290,150$288,127
Fundraising$85,612$151,683$146,851$144,176$132,614$137,934$117,012$122,836
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$74,525,527$69,418,923$73,862,255$75,875,225$76,767,891$75,923,572$83,184,616$80,453,728
Excess or (deficit) for the year$5,858,139$-47,126$-2,308,970$5,353,284$359,030$2,087,540$3,972,830$705,702
Net assets or fund balances at beginning of year$77,041,722$74,525,527$69,418,923$73,862,255$75,875,225$76,767,891$75,923,572$83,184,616
Other changes in net assets or fund balances$-8,374,334$-5,059,478$6,752,302$-3,340,314$533,636$-2,931,859$3,288,214$-3,436,590
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,730,976$4,320,013$288,127$122,836
Grants paid from donor advised funds$0
Other grants and allocations$770,749
Specific assistance to individuals$3,247,404
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$192,011$111,570$43,109$37,332
Pension plan contributions not included above$24,382$14,167$5,474$4,741
Employee benefits not included above$41,024$23,837$9,211$7,976
Payroll taxes$15,523$9,020$3,485$3,018
Professional fundraising fees$0$0$0$0
Accounting fees$13,000$0$13,000$0
Legal fees$361$0$361$0
Supplies$20,768$15,576$4,154$1,038
Telephone$2,953$2,215$591$147
Postage and shipping$22,015$16,511$1,101$4,403
Occupancy$24,366$18,275$4,873$1,218
Equipment rental and maintenance$14,624$10,968$2,925$731
Printing and publications$0$0$0$0
Travel$8,265$0$8,265$0
Conferences, conventions, and meetings$32,131$24,445$7,686$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$301,400$55,276$183,892$62,232
Balance Sheets
20002001200220032004200520062007
Total assets$74,526,610$69,418,923$73,862,255$75,969,225$76,867,891$76,063,638$83,339,848$80,618,728
Cash - non-interest-bearing$0$0$0$0$0$0$0$0
Savings and temporary cash investments$677,457$1,479,436$2,617,722$1,633,179$557,285$1,747,735$3,348,759$4,538,992
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$77,975,174$70,192,515
Investments - other securities$73,830,992$65,448,532$67,434,537$67,647,011$72,340,920$67,198,960$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$4,100$4,100$4,100$6,030$6,030$6,030$335,473
Investments - other$0$2,471,361$3,795,317$6,663,668$3,945,446$7,092,082$1,993,560$5,540,431
Land, buildings, and equipment less accumulated depreciation$18,161$15,494$10,579$21,267$18,210$18,831$16,325$11,317
Other assets, including program-related investments$0$0$0$0$0$0$0$0
Total liabilities$1,083$0$0$94,000$100,000$140,066$155,232$165,000
Accounts payable and accrued expenses$1,083$0$0$94,000$100,000$140,066$155,232$165,000
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$74,526,610$69,418,923$73,862,255$75,969,225$76,867,891$76,063,638$83,339,848$80,618,728
Total net assets or fund balances$74,525,527$69,418,923$73,862,255$75,875,225$76,767,891$75,923,572$83,184,616$80,453,728
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$12,573,632$6,078,432$3,337,894$11,443,033$6,837,989$7,109,369$8,818,005$5,436,678
Total revenue, gains, and other support per audited financial statements$4,203,885$1,022,620$10,095,113$8,092,031$7,339,041$4,176,889$12,108,725$5,436,678
Other expenses$-8,369,747$-5,055,812$6,757,219$-3,351,002$536,693$-2,932,480$3,290,720$0
Net unrealized gains on investments$-8,369,747$-5,055,812$6,757,219$-3,351,002$536,693$-2,932,480$3,290,720$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$35,641$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$35,641$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$6,715,493$6,125,558$5,646,864$6,089,749$6,478,959$5,021,829$4,845,175$4,730,976
Total expenses and losses per audited financial statements$6,715,493$6,125,558$5,646,864$6,089,749$6,443,318$5,021,829$4,845,175$4,730,976
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$35,641$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$35,641$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,488,597$-540,269
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$3,488,597$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$-540,434
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$165
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$9,243,592$5,700,515$7,503,189$6,844,433$5,075,779$5,600,649$5,608,248$6,487,450
Gifts, grants, and contributions received$6,231,487$2,385,917$4,234,906$3,764,024$2,346,061$2,432,099$2,481,663$3,070,656
Membership fees received$102,293$95,281$94,621$84,967$78,272$69,740$476$116,930
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$2,908,749$3,216,423$3,171,665$2,993,737$2,649,316$3,060,963$3,126,109$3,299,864
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$1,063$2,894$1,997$1,705$2,130$37,847$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$11,685,838
Contributions, Gifts, Grants and Other Similar Amounts$3,580,656
Program Service Revenue$60,781
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,013,091
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$5,030,073
Gross amount from sales of assets other than inventory (Securities / Other)$78,930,917 / $0
Less: cost or other basis and sales expenses (Securities / Other)$73,900,844 / $0
Gain or (loss) (Securities / Other)$5,030,073 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,237
Statement of Functional Expenses (for 2012)
Total functional expenses$3,639,007
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$185,317
Payroll taxes$16,020
Professional fundraising services$0
Other$3,437,670
Balance Sheet (for 2012)
Total assets$91,850,481
Total liabilities$248,000
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$248,000
Total net assets or fund balances$91,602,481
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$27,717,320
Gifts, grants, contributions, and membership fees received$12,276,817
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$15,440,503
Gross receipts from related activities, etc.$62,018
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Knights Templar Eye Foundation Inc1033 Long Prairie Rd Ste 5, Flower Mound, TX 75022-4230TX1957-05$85,586,682
2National Society To Prevent Blindness, Prevent Blindness America211 W Wacker Dr Ste 1700, Chicago, IL 60606-1375IL1990-07$5,747,340
3St Louis Society For The Blind8770 Manchester Rd, Saint Louis, MO 63144-2724MO1941-07$4,595,474
4Bucks County Association For The Blind And Visually Impaired400 Freedom Dr, Newtown, PA 18940-1589PA1951-09$1,051,900
5Fayette County Association For The Blind48 Bierer Ln, Uniontown, PA 15401-5516PA1951-09$244,063
6Eye Institute Of New Jersey90 Bergen St 6th Flr, Newark, NJ 07103-2425NJ1972-02$161,855
7Southern California Lions Institute Inc12522 S Fairmont Way, Orange, CA 92869-5024CA1970-05$144,867
Number of organizations performing similar types of work
California2
Illinois1
Maryland2
Missouri1
New Jersey1
Pennsylvania2
Texas1
Total10

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