Friends for Sight EIN 87-6126811

Friends for Sight

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Provides free vision screenings and eye care access to save sight and change lives. For fiscal year 2025 it reported $878K in revenue, $1.1M in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Salt Lake Cty, UT
Website
www.friendsforsight.org
Filings
5 on file (2021–2025)
Revenue
$878KFY2025
Expenses
$1.1M
Net assets
$1.9M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  87-6126811 Public charity (501(c)(3)) Salt Lake Cty, UT
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides free vision screenings and eye care access to save sight and change lives.
Leadership
Bruce Bowen · Director
Money in and out
$878K revenue, $1.1M expenses
Bottom line
93% program efficiency
Where the money goes · FY2025
Total revenue
$878K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$196K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.04 Fundraising $0.04
Program efficiency
93%
of spending reaches programs>-0.01% vs prior filing year
Operating runway
21.8mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▼ -44% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$878K
FY2025▲ +46%
Expenses
$1.1M
FY2025▲ +54%
Total assets
$1.9M
FY2025▼ -8%
Total liabilities
$27K
FY2025▼ -12%
Total revenue
$878K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$196K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $999K of program spending, described in the organization's own filed words · FY2024.
01

Vision screenings were held for individuals by eye care professionals. 713 pairs of glasses were distributed to individuals based on needs identified during these exams.

$999Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFriends for Sight
EINHdr · item D87-6126811
Principal addressHdr · item CSalt Lake Cty, UT
WebsiteHdr · item Jwww.friendsforsight.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Kate Edwards$101,280$108,780
Jamie Justice$88,429$38,125

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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Statement of Revenue

Part VIII
Contributions & grants$844K · 96%
Investment income$33K · 4%
Contributions & grants96%$844K
Investment income4%$33K
Other revenue$1K
Total revenueLn 12$878K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.04 Fundraising $0.04
Program services93%$999K
Management & general4%$38K
Fundraising4%$38K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$27K
Total net assetsLn 32$1.9M
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses (Pt IX) $1.1M · Less non-cash grants $289K · Cash operating expenses/yr $785K
21.8 months
Where the money goes
Program services
Program services $999K · Total expenses $1.1M
93%
Management & General
Management & general $38K · Total expenses $1.1M
4%
Fundraising
Fundraising $38K · Total expenses $1.1M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $695K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $844K · Total revenue $878K
96%
Government reliance
Government grants — · Total revenue $878K
Earned-income share
Program service revenue $0 · Total revenue $878K
0%
Investment reliance
Investment income $33K · Total revenue $878K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $878K · Prior year $602K
+46%
Revenue CAGR
FY2020 $575K · FY2024 $878K
+11%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $878K · Expenses $1.1M
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
66%
People & payroll
Highest Reported Total Compensation
Individual Bruce Bowen · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $583K · Total expenses $1.1M
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 4%
Fundraising cost ratio 4%
Revenue growth 46%
Legal fee ratio 0.1%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$24K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$878K revenue · viewing · ⤓ 990 PDF
FY2024$602K revenue · ⤓ 990 PDF
FY2023$694K revenue · ⤓ 990 PDF
FY2022$608K revenue · ⤓ 990 PDF
FY2021$575K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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