Himalayan Cataract Project INC FY2023 filing

Tax-deductible

Norwich, VT501(c)(3)Since 1999InternationalEIN 03-0362926Revenue $7.3M in FY2023

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.
77¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 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
$2.2M
8% of total assets
Looks good: liabilities are 8% 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
$7.3M
-77% vs prior year
Spent
$14.1M
To programs
77%
Net assets
$26.3M
By yearFY2020–FY2024
Revenue
$7.3M
FY2023▼ -77%
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
$14.1M
FY2023▲ +16%
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
$26.3M
FY2023▼ -19%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

77 cents of each dollar spent went to programs.

Program services 77% · $10.9M Management & general 17% · $2.4M Fundraising 6% · $849K

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

22 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$304,591Pt VII · Sec A
Chief Operating Officer
$213,803Pt VII · Sec A
General Counsel
$189,813Pt VII · Sec A
Vice President, Finance
$161,611Pt VII · Sec A
Chief Marketing Officer (from 3/23)
$152,554Pt VII · Sec A
Vice President, Global Talent & HR
$143,716Pt VII · Sec A
Chief Program Officer (from 4/23)
$130,318Pt VII · Sec A
Associate Vice President, Strategic Initiatives
$117,671Pt 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.

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Provided by the organization

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3 programs · $6.7M · in their own filed words · FY2023
01

Ethiopia

In 2023, HCP directly supported its partners in ethiopia by providing 26,359 outreach surgeries through 45 HCP supported outreaches, 228 pediatric surgeries, 988 ophthalmic surgeries of different types (cornea transplant, glaucoma, DCR and etc).

$3.9Mprogram expense
02

Ghana

Continued support for 14 implementing partners in ghana who performed 16,810 surgeries through HCP supported outreach events, while providing 194 training opportunities for eye care professionals. We also supported cornea summit to facilitate the passage of the human and organ transplant act (hota) which is still work in progress.

$1.9Mprogram expense
03

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 9 satellite clinics throughout rural nepal.

$923Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Gifts and grantsLn 1h$6.6M
Investment incomeLn 3$665K
Fees for servicesLn 2g$47K
Money outPt IX
$14.1M
Ln 25
Programscol B$10.9M
Managementcol C$2.4M
Fundraisingcol D$849K
Owns and owesPt X
$26.3M
net assets · Ln 32
Cash and savingsLn 1–2$11.9M
Total assetsLn 16$28.4M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
22
listed · VII A
PaidVII A10
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.6M
Government grantsLn 1e$577K
Noncash giftsLn 1g$303K
Fees for servicesLn 2g$47K
Investment incomeLn 3$665K
Other incomeLn 4–11$13K
Gains on assetsLn 7$150K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
SavingsLn 2$11.9M
Cash and savings togetherLn 1–2$11.9M
InvestmentsLn 11–13$9.7M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$521K
Total assetsLn 16$28.4M
LiabilitiesLn 26$2.2M
Net assetsLn 32$26.3M
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 FY23End FY23
Cash and savingsLn 1–2$21.0M$11.9M
InvestmentsLn 11–13$5.5M$9.7M
Land, buildings, equipmentLn 10c$1.7M$2.9M
Total assetsLn 16$34.2M$28.4M
LiabilitiesLn 26$1.8M$2.2M
Net assetsLn 32$32.4M$26.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Grants and assistance to foreign recipientsLn 3$5.1M$5.1M
Pay of current officers, directors and key staffLn 5$1.2M$356K$745K$79K
Other salaries and wagesLn 7$2.6M$1.6M$652K$392K
Pension plan contributionsLn 8$105K$59K$30K$15K
Other employee benefitsLn 9$454K$267K$120K$67K
Payroll taxesLn 10$258K$134K$92K$33K
Legal feesLn 11b$24K$14K$7K$3K
Accounting feesLn 11c$41K$24K$13K$5K
Investment management feesLn 11f$44K$44K
Other fees for servicesLn 11g$671K$325K$255K$91K
Advertising and promotionLn 12$26K$12K$11K$4K
Office expensesLn 13$125K$47K$32K$45K
Information technologyLn 14$295K$138K$116K$41K
OccupancyLn 16$171K$82K$67K$22K
TravelLn 17$516K$429K$64K$23K
Conferences, conventions and meetingsLn 19$134K$40K$95K
InterestLn 20$99$99
Depreciation, depletion and amortizationLn 22$34K$33K$699$296
InsuranceLn 23$72K$34K$27K$10K
Other expenses (24a–d)Ln 24$633K$575K$42K$16K
All other expensesLn 24e$28K$11K$13K$4K
Total functional expensesLn 25$14.1M$10.9M$2.4M$849K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $32.2M$20.3M$12.0M$38.7M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $7,275,872 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,532,439$6,551,257
I-9 Program service revenuePrior year $138,947$46,669
I-10 Investment incomePrior year $4,893,223$665,276
I-11 Other revenuePrior year $36,940$12,670
I-12 Total revenuePrior year $31,601,549$7,275,872
I-13 Grants and similar amounts paidPrior year $6,300,010$6,702,857
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,017,445$4,619,331
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,836,129$2,812,687
I-18 Total expensesPrior year $12,153,584$14,134,875
I-19 Revenue less expensesPrior year $19,447,965−$6,859,003
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 $7,275,872 across 9 lines filed
VIII-1e Government grants$577,266
VIII-1f All other contributions, gifts and grants$5,973,991
VIII-1g Noncash contributions (included above)$302,569
VIII-1h Total contributions, gifts and grants$6,551,257
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,669$46,669
VIII-3 Investment incomeExcluded from tax $515,251$515,251
VIII-7 Net gain or loss on sales of assetsExcluded from tax $150,025$150,025
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,670$12,670
VIII-12 Total revenueRelated to mission $46,669 · Unrelated business $0 · Excluded from tax $677,946$7,275,872
Part IX · Statement of functional expenses $14,134,875 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $1,635,732$1,635,732
IX-3 Grants and assistance to foreign recipientsPrograms $5,067,125$5,067,125
IX-5 Pay of current officers, directors and key staffPrograms $355,896 · Management $745,060 · Fundraising $78,988$1,179,944
IX-7 Other salaries and wagesPrograms $1,577,743 · Management $652,386 · Fundraising $392,083$2,622,212
IX-8 Pension plan contributionsPrograms $59,332 · Management $30,487 · Fundraising $14,842$104,661
IX-9 Other employee benefitsPrograms $266,988 · Management $120,427 · Fundraising $67,072$454,487
IX-10 Payroll taxesPrograms $133,705 · Management $91,606 · Fundraising $32,716$258,027
IX-11b Legal feesPrograms $13,891 · Management $7,456 · Fundraising $2,663$24,010
IX-11c Accounting feesPrograms $23,956 · Management $12,858 · Fundraising $4,592$41,406
IX-11f Investment management feesManagement $43,565$43,565
IX-11g Other fees for servicesPrograms $325,176 · Management $254,727 · Fundraising $90,974$670,877
IX-12 Advertising and promotionPrograms $11,561 · Management $10,719 · Fundraising $3,828$26,108
IX-13 Office expensesPrograms $47,415 · Management $31,955 · Fundraising $45,133$124,503
IX-14 Information technologyPrograms $137,652 · Management $115,750 · Fundraising $41,340$294,742
IX-16 OccupancyPrograms $81,541 · Management $66,815 · Fundraising $22,224$170,580
IX-17 TravelPrograms $428,658 · Management $64,118 · Fundraising $22,899$515,675
IX-19 Conferences, conventions and meetingsPrograms $39,599 · Management $94,612$134,211
IX-20 InterestManagement $99$99
IX-22 Depreciation, depletion and amortizationPrograms $33,414 · Management $699 · Fundraising $296$34,409
IX-23 InsurancePrograms $34,453 · Management $27,457 · Fundraising $9,806$71,716
IX-24 Other expenses (24a–d)Programs $574,875 · Management $41,632 · Fundraising $16,470$632,977
IX-24e All other expensesPrograms $10,880 · Management $13,385 · Fundraising $3,544$27,809
IX-25 Total functional expensesPrograms $10,859,592 · Management $2,425,813 · Fundraising $849,470$14,134,875
Part X · Balance sheet $28,444,342 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $21,013,254$11,866,673
X-3 Pledges and grants receivable$825,234
X-8 Inventories for sale or useStart of year $2,405,614$2,366,688
X-9 Prepaid expenses and deferred chargesStart of year $165,239$241,748
X-10c Land, buildings and equipment, netStart of year $1,747,700$2,935,867
X-11 Publicly traded securitiesStart of year $5,538,036$9,687,601
X-15 Other assetsStart of year $109,533$520,531
X-16 Total assetsStart of year $34,164,209$28,444,342
X-17 Accounts payable and accrued expensesStart of year $1,085,226$1,474,097
X-19 Deferred revenueStart of year $699,452$0
X-25 Other liabilitiesStart of year $0$698,272
X-26 Total liabilitiesStart of year $1,784,678$2,172,369
X-27 Net assets without donor restrictionsStart of year $28,380,169$24,059,257
X-28 Net assets with donor restrictionsStart of year $3,999,362$2,212,716
X-32 Total net assets or fund balancesStart of year $32,379,531$26,271,973
X-33 Total liabilities and net assetsStart of year $34,164,209$28,444,342
Part XI · Reconciliation of net assets $26,271,973 net assets at year end
XI-1 Total revenue$7,275,872
XI-2 Total expenses$14,134,875
XI-3 Revenue less expenses−$6,859,003
XI-4 Net assets at start of year$32,379,531
XI-5 Net unrealized gains (losses) on investments$751,445
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,271,973

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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