Operation Eyesight Universal
Calgary, AB T2N 3T8
Executive Director: Brian Foster
Board Chair: Rob Ohlson
Charitable Reg. #: 11906 8955 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #30
Avg. Compensation $43,628
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||1|
|$120k - $160k||2|
|$80k - $120k||1|
|$40k - $80k||6|
About Operation Eyesight Universal:
Founded in 1963, Operation Eyesight Universal (OEU) is a Calgary-based charity that provides eye care for people in developing countries. OEU’s mission is to prevent blindness and raise awareness of eye care. While 285 million people live with visual impairment, the charity reports that 80% of all blindness cases are preventable. OEU partners with hospitals and eye centres in India, Zambia, Ghana and Kenya, supplying local doctors with training, equipment and facilities needed for eye care.
In F2015, Operation Eyesight Universal sent $3.2m to its partners in the developing world. OEU funded 42 eye care projects in India, increasing the number of surgeries by 100% over 2014. 66 villages in India are now free from blindness. OEU also funded 8,000 eye surgeries and trained 800 health workers in Ghana. In Kenya, OEU gave money for screening tests; 208,197 children were tested for eye problems. OEU further equipped 7 water points in Zambia and persuaded the government to install 20 new water boreholes. To date, OEU has helped 35 million people and organized 74 eye care programs.
Operation Eyesight Universal is a Mid-Cap charity, which received donations of $4m in F2015. Administrative costs are 4% of total revenues and fundraising costs are 21% of total donations. Total overhead costs are 26%, falling within Ci’s reasonable range. OEU has total funding reserves of $4.2m that can cover the charity’s annual program costs for 1.3 years.
This charity report is an update that is being reviewed by the charity. Changes and edits may be forthcoming.
Updated on June 30th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending December
|Administrative costs as % of revenues||4.3%||3.0%||5.1%|
|Fundraising costs as % of donations||21.2%||19.1%||27.7%|
|Program cost coverage (%)||129.0%||131.2%||110.9%|
Summary Financial StatementsAll figures in $s
|Program costs - International||3,228,572||3,092,855||2,206,958|
|Program costs - Canada||0||0||0|
|Cash flow from operations||(162,795)||1,818,157||1,291,461|