Himalayan Cataract Project INC FY2020 filing

Tax-deductible

Norwich, VT501(c)(3)Since 1999InternationalEIN 03-0362926Revenue $10.2M in FY2020

On file with the IRScureblindness.org16 Beaver Meadow Rd FL 3, 05055-9305 · Norwich, VTTax-exempt since Nov 1999Publicly supported charity — 170(b)(1)(A)(vi)

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$911K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $6.4M a year · 34% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$911K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $38K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$801K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
Spent
$6.9M
To programs
69%
Net assets
$14.1M
By yearFY2020–FY2024
Revenue
$10.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.2M
FY2021$12.7M
FY2022$31.6M
FY2023$7.3M
FY2024$32.2M
Expenses
$6.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6.9M
FY2021$8.7M
FY2022$12.2M
FY2023$14.1M
FY2024$20.3M
Net assets
$14.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14.1M
FY2021$18.5M
FY2022$32.4M
FY2023$26.3M
FY2024$38.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $4.8M Management & general 22% · $1.5M Fundraising 8% · $574K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $911K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$243,439Pt VII · Sec A
Chief Operating Officer
$165,201Pt VII · Sec A
Chief of Tech & Procurement
$149,279Pt VII · Sec A
General Council
$126,797Pt VII · Sec A
Chief of Program Admin
$124,762Pt VII · Sec A
Director of Finance
$101,800Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (start 12/20)
$0Pt VII · Sec A

Katherine Overbey’s $310K as Chief Executive Officer is at the 62nd percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Katherine Overbey$310,258$304,591$73,846——
Job Heintz -Former Officer——$262,510——
Job C Heintz———$248,192$243,439
Emily R Newick$212,729$213,803$236,495$167,396$165,201
Jeff Wallace$190,553$152,554———
Jeff Lively$186,574$189,813$177,645$128,750$126,797
Josie Noah$186,113$130,318———
Ruth Bolan$185,113$106,671———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Himalayan Cataract Project INC is an international affairs nonprofit based in Norwich, VT, formed in 1999.

Provided by the organization

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3 programs · $3.9M · in their own filed words · FY2020
01

Ethiopia

In 2020, HCP directly supported its partners in ethiopia in providing over 9,700 outreach surgeries over the course of 36 surgical campaigns. HCP supported 133 training opportunities for ethiopian ophthalmic professionals in 2020, while also procuring specialized ophthalmic supplies for 24 different partner institutions.

$1.9Mprogram expense
02

Nepal

Continued support for longtime partner, the tilganga institute of ophthalmology, to help in our collective efforts of strengthening eye care in nepal, india, myanmar and indonesia. Tilganga oversees its main training hospital in kathmandu and 18 satellite clinics throughout rural nepal.

$1.0Mprogram expense
03

Ghana

Continued support for 14 implementing partners in ghana who performed over 4,700 surgeries through 57 HCP supported outreach events, while providing training opportunities for 81 eye care professionals.

$903Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 5 funders$38K
See all 5 funders →
Grants paid · 13 grants · $2.1M · 2023–2024
Serge Global INCPA · FY2024$392,173
Helen Keller InternationalNY · FY2024$346,560
The Carter Center INCGA · FY2024$210,000
Seva FoundationCA · FY2024$46,188
Sight for SoulsWA · FY2024$28,985
Safe Surgery Initiative INCFY2024$20,000
The Carter Center INCGA · FY2023$159,886
Surgivision Consultants INCFY2023$23,373

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Gifts and grantsLn 1h$10.0M
Investment incomeLn 3$246K
Other incomeLn 4–11$10K
Money outPt IX
$6.9M
Ln 25
Programscol B$4.8M
Managementcol C$1.5M
Fundraisingcol D$574K
Owns and owesPt X
$14.1M
net assets · Ln 32
Cash and savingsLn 1–2$6.8M
Total assetsLn 16$14.9M
LiabilitiesLn 26$801K
PeoplePt VI, VII
17
listed · VII A
PaidVII A6
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.0M
Government grantsLn 1e$551K
Noncash giftsLn 1g$599K
Fees for servicesLn 2g$8K
Investment incomeLn 3$246K
Other incomeLn 4–11$10K
Gains on assetsLn 7$111K
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
SavingsLn 2$6.8M
Cash and savings togetherLn 1–2$6.8M
InvestmentsLn 11–13$4.9M
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$238K
Total assetsLn 16$14.9M
LiabilitiesLn 26$801K
Net assetsLn 32$14.1M
OperationsPt I, VI
EmployeesI 523
VolunteersI 621
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.9M$6.8M
InvestmentsLn 11–13$4.3M$4.9M
Land, buildings, equipmentLn 10c$2K$98K
Total assetsLn 16$11.8M$14.9M
LiabilitiesLn 26$1.3M$801K
Net assetsLn 32$10.5M$14.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$3.7M$3.7M
Pay of current officers, directors and key staffLn 5$479K$185K$246K$49K
Other salaries and wagesLn 7$1.4M$573K$450K$328K
Pension plan contributionsLn 8$38K$16K$12K$10K
Other employee benefitsLn 9$245K$106K$82K$58K
Payroll taxesLn 10$132K$55K$49K$28K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$35K$35K
Investment management feesLn 11f$33K$33K
Other fees for servicesLn 11g$84K$18K$66K
Office expensesLn 13$81K$25K$24K$32K
Information technologyLn 14$115K$654$94K$20K
OccupancyLn 16$118K$52K$59K$7K
TravelLn 17$24K$13K$10K$500
InterestLn 20$3K$245$3K$41
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$384K$4K$337K$42K
All other expensesLn 24e$20K$17K$2K$1K
Total functional expensesLn 25$6.9M$4.8M$1.5M$574K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32.2M$20.3M$12.0M$38.7M 990 PDF
FY2023 $7.3M$14.1M−$6.9M$26.3M 990 PDF
FY2022 $31.6M$12.2M$19.4M$32.4M 990 PDF
FY2021 $12.7M$8.7M$4.0M$18.5M 990 PDF
FY2020 Viewing $10.2M$6.9M$3.4M$14.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $10,236,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,268,577$9,972,665
I-9 Program service revenuePrior year $848,636$8,104
I-10 Investment incomePrior year $194,068$245,555
I-11 Other revenuePrior year $0$10,330
I-12 Total revenuePrior year $10,311,281$10,236,654
I-13 Grants and similar amounts paidPrior year $8,101,060$3,690,851
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,005,171$2,246,454
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,828,699$913,684
I-18 Total expensesPrior year $11,934,930$6,850,989
I-19 Revenue less expensesPrior year −$1,623,649$3,385,665
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,236,654 across 9 lines filed
VIII-1e Government grants$550,766
VIII-1f All other contributions, gifts and grants$9,421,899
VIII-1g Noncash contributions (included above)$598,774
VIII-1h Total contributions, gifts and grants$9,972,665
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,104$8,104
VIII-3 Investment incomeExcluded from tax $134,453$134,453
VIII-7 Net gain or loss on sales of assetsExcluded from tax $111,102$111,102
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,330$10,330
VIII-12 Total revenueRelated to mission $8,104 · Unrelated business $0 · Excluded from tax $255,885$10,236,654
Part IX · Statement of functional expenses $6,850,989 across 18 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $3,690,851$3,690,851
IX-5 Pay of current officers, directors and key staffPrograms $184,649 · Management $245,630 · Fundraising $48,708$478,987
IX-7 Other salaries and wagesPrograms $573,472 · Management $450,382 · Fundraising $328,018$1,351,872
IX-8 Pension plan contributionsPrograms $16,327 · Management $12,409 · Fundraising $9,588$38,324
IX-9 Other employee benefitsPrograms $105,828 · Management $81,772 · Fundraising $57,669$245,269
IX-10 Payroll taxesPrograms $54,954 · Management $49,331 · Fundraising $27,717$132,002
IX-11b Legal feesManagement $14,717$14,717
IX-11c Accounting feesManagement $35,417$35,417
IX-11f Investment management feesManagement $33,156$33,156
IX-11g Other fees for servicesPrograms $17,577 · Management $66,204$83,781
IX-13 Office expensesPrograms $24,607 · Management $24,401 · Fundraising $31,658$80,666
IX-14 Information technologyPrograms $654 · Management $94,105 · Fundraising $20,153$114,912
IX-16 OccupancyPrograms $52,361 · Management $59,318 · Fundraising $6,523$118,202
IX-17 TravelPrograms $13,070 · Management $10,087 · Fundraising $500$23,657
IX-20 InterestPrograms $245 · Management $2,764 · Fundraising $41$3,050
IX-22 Depreciation, depletion and amortizationManagement $2,349$2,349
IX-24 Other expenses (24a–d)Programs $4,458 · Management $337,238 · Fundraising $42,125$383,821
IX-24e All other expensesPrograms $17,003 · Management $1,891 · Fundraising $1,062$19,956
IX-25 Total functional expensesPrograms $4,756,056 · Management $1,521,171 · Fundraising $573,762$6,850,989
Part X · Balance sheet $14,932,587 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,876,293$6,797,826
X-4 Accounts receivableStart of year $2,147,630$2,112,911
X-8 Inventories for sale or useStart of year $597,610$801,867
X-9 Prepaid expenses and deferred chargesStart of year $50,967$33,506
X-10c Land, buildings and equipment, netStart of year $2,217$97,681
X-11 Publicly traded securitiesStart of year $4,337,446$4,851,213
X-15 Other assetsStart of year $802,420$237,583
X-16 Total assetsStart of year $11,814,583$14,932,587
X-17 Accounts payable and accrued expensesStart of year $830,230$461,990
X-19 Deferred revenueStart of year $457,204$1,425
X-24 Unsecured notes and loans payable$337,092
X-26 Total liabilitiesStart of year $1,287,434$800,507
X-27 Net assets without donor restrictionsStart of year $8,307,766$10,721,720
X-28 Net assets with donor restrictionsStart of year $2,219,383$3,410,360
X-32 Total net assets or fund balancesStart of year $10,527,149$14,132,080
X-33 Total liabilities and net assetsStart of year $11,814,583$14,932,587
Part XI · Reconciliation of net assets $14,132,080 net assets at year end
XI-1 Total revenue$10,236,654
XI-2 Total expenses$6,850,989
XI-3 Revenue less expenses$3,385,665
XI-4 Net assets at start of year$10,527,149
XI-5 Net unrealized gains (losses) on investments$219,266
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,132,080

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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