Nonprofit · EIN 54-1116569
LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC
Tax-exempt · NORFOLK, VA 23507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,735,126 | $2,717,266 | $17,860 | $3,174,313 | $282,088 | $2,892,225 |
| June 30, 2024 | 990 | $2,653,566 | $2,521,862 | $131,704 | $3,133,933 | $259,568 | $2,874,365 |
| June 30, 2023 | 990 | $2,590,453 | $2,578,379 | $12,074 | $3,000,884 | $250,340 | $2,750,544 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $29,164
- Program service revenue
- $2,426,910
- Investment income
- $271,108
- Other revenue
- $7,944
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $345,461
- Other salaries and wages
- $789,406
- Salaries, compensation and benefits (total)
- $1,400,784
- Professional fundraising fees
- $0
- Legal fees
- $250
- Accounting fees
- $31,150
- Occupancy
- $5,425
- Travel
- $69,222
- Depreciation
- $38,472
- Program services (functional)
- $2,269,576
- Management and general (functional)
- $447,690
Balance sheet and other
- Total assets, start of year
- $3,133,933
- Total assets, end of year
- $3,174,313
- Total liabilities, end of year
- $282,088
- Net assets, end of year
- $2,892,225
- Land, buildings and equipment
- $571,960
- Publicly traded securities
- $2,159,986
- Net assets without donor restrictions
- $2,857,974
- Net assets with donor restrictions
- $34,251
- Gross receipts
- $2,735,126
- Employees
- 34
- Volunteers
- 28
- Year formed
- 1979
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID KORROCH | CEO Officer | 55 | $257,406 | $84,976 |
| BRUCE BODNER MD | MEDICAL DIR Officer | 1 | $10,000 | $0 |
| EDDIE ACKISS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| E WARRINER ATKINSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SHERRY ATWOOD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RICK HARDEE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ED IANNI PHD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DEBBIE IVEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARTIN JOSEPH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| VICKIE KENNEDY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHESTER P KRAMER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BOB LARMORE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL J LEONARD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JORDAN LEVITIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ROBERT MADDEN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHANIE MARIONEAUX MD | DIRECTOR Trustee or director | 0.2 | $0 |
| VINCENT MEDINA | DIRECTOR Trustee or director | 0.2 | $0 |
| KRISTINA RAMSEY | DIRECTOR Trustee or director | 0.2 | $0 |
| JOSHUA ROCKWELL | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| BARBARA SENECAL | DIRECTOR Trustee or director | 0.2 | $0 |
| JOHN WATTERS JR MD | SECRETARY Trustee or director, Officer | 1 | $0 |
| H HAUSER WEILER MD | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID KORROCH | CEO Officer | 55 | $251,362 | $82,553 |
| BRUCE BODNER MD | MEDICAL DIR Officer | 1 | $15,000 | $0 |
| EDDIE ACKISS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| E WARRINER ATKINSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SHERRY ATWOOD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RICK HARDEE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ED IANNI PHD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DEBBIE IVEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARTIN JOSEPH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| VICKIE KENNEDY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHESTER P KRAMER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BOB LARMORE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MICHAEL J LEONARD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JORDAN LEVITIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ROBERT MADDEN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| STEPHANIE MARIONEAUX MD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| VINCENT MEDINA | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| KRISTINA RAMSEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOSHUA ROCKWELL | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BARBARA SENECAL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOHN WATTERS JR MD | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| H HAUSER WEILER MD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID KORROCH | CEO Officer | 50 | $269,520 | $80,050 |
| BRUCE BODNER MD | MEDICAL DIR Officer | 2 | $15,000 | $0 |
| E WARRINER ATKINSON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| SHERRY ATWOOD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RICHARD D BOONE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JEFFREY GADDIS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| RICK HARDEE | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARTIN JOSEPH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| VICKIE KENNEDY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CHESTER P KRAMER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| J SIDNEY LANIER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BOB LARMORE | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL J LEONARD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JORDAN LEVITIN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| H HAUSER WEILER MD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JOHN WATTERS JR MD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| STEPHANIE MARIONEAUX MD | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ED IANNI PHD | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JASHUA ROCKWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BARBARA SENECAL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDDIE ACKISS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| KRISTINA RAMSEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| ROBERT MADDEN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 GRESHAM DR, NORFOLK, VA 23507-1904
- Principal officer (990 for 2024)
- DAVID KORROCH, 600 GRESHAM DRIVE, NORFOLK, VA 23507
- Signed the 990
- DAVID KORROCH, CEO
- Phone
- (757) 388-2748
- Website
- LIONSEYEBANK.ORG
- Return prepared by
- PBMARES LLP
Mission
THE LIONS MEDICAL EYE BANK & RESEARCH CENTER OF EASTERN VIRGINIA PROVIDES PEOPLE THE OPPORTUNITY TO DONATE OCULAR TISSUE, HEALTH CARE PROFESSIONALS THE MEANS TO END BLINDNESS AND PATIENTS THE HOPE OF CLEARLY SEEING FORM, COLOR AND MOTION.
Program accomplishments
- THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SAFE, QUALITY OCULAR TISSUE TO HEALTH CARE PROFESSIONALS FOR RESTORATION OF SIGHT THROUGH TRANSPLANTATION AND RESEARCH. TISSUE IS DONATED TO THE ORGANIZATION AND PROCESSED, EVALUATED AND DISTRIBUTED PURSUANT TO GUIDELINES ISSUED BY THE FDA, EBAA AND OTHER REGULATORY BODIES. THESE FUNCTIONS INCLUDE, BUT ARE NOT LIMITED TO, DONOR ELIGIBILITY DETERMINATION, TISSUE EVALUATION, STORAGE AND DISTRIBUTION. THE EYE BANK PROVIDED 882 TISSUES FOR TRANSPLANTATION/IMPLANT AND 134 TISSUES FOR RESEARCH AND EDUCATION FOR THE PAST FISCAL YEAR.Expenses $2,042,618 · revenue $2,191,369
- THE ORGANIZATION PROMOTES OCULAR TISSUE DONATION THROUGH PUBLIC AND PROFESSIONAL EDUCATION. THE EYE BANK CONDUCTED HUNDREDS OF PROFESSIONAL IN-SERVICES AND LECTURES TO PUBLIC AND PROFESSIONAL ORGANIZATIONS, TO PROMOTE EYE DONATION. THROUGHOUT THE YEAR THE EYE BANK CONTINUES TO BE A MODEL FOR US AND INTERNATIONAL EYE BANK FACILITIES. RESEARCH, SUCH AS EXAMINING AND PUBLISHING THE IMPACT OF COVID-19 ON THE EYE BANKING PROFESSION IS ONGOING.Expenses $226,958 · revenue $243,485
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1116569
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G41Z)
- Assets (IRS master file)
- $3,174,313
- Income (IRS master file)
- $2,735,126
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,735,126 | $2,717,266 | $3,174,313 | XML |
| 990 | June 2024 | $2,653,566 | $2,521,862 | $3,133,933 | IRS |
| 990 | June 2023 | $2,590,453 | $2,578,379 | $3,000,884 | XML |
| 990 | June 2022 | $2,447,492 | $2,613,478 | $2,902,079 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1116569).
Questions about LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC
- What is the EIN of LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC?
- The employer identification number (EIN) of LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC is 54-1116569.
- Is LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC?
- The 990 for the year ended June 30, 2025 names DAVID KORROCH.
- Who are the officers and directors of LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC?
- The 990 for the year ended June 30, 2025 lists 22 people; 2 received compensation from the organization, the highest $257,406 (DAVID KORROCH, CEO).
- How much revenue does LIONS MEDICAL EYE BANK AND RESEARCH CENTER OF EASTERN VIRGINIA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,735,126, expenses of $2,717,266 and total assets of $3,174,313 at year end.
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