PLATINUM2024

HIMALAYAN CATARACT PROJECT INC

aka HCP Cureblindness   |   Norwich, VT   |  www.cureblindness.org
GuideStar Charity Check

HIMALAYAN CATARACT PROJECT INC

EIN: 03-0362926


Mission

HCP Cureblindness (Himalayan Cataract Project) enables countries to end avoidable blindness by developing high-quality, cost-effective eye care systems in underserved areas of the world so everyone everywhere can regain or retain their sight.

Ruling year info

1999

Co-founder and Chair

Dr. Geoff Tabin

CEO

Katherine Overbey

Main address

PO Box 863

Norwich, VT 05055 USA

Show more contact info

EIN

03-0362926

Subject area info

Community health care

Specialty hospital care

Eye diseases

Basic and emergency aid

International development

Population served info

Adults

Economically disadvantaged people

People with vision impairments

NTEE code info

Hospital (Specialty) (E24)

Community Health Systems (E21)

Eye Diseases, Blindness and Vision Impairments (G41)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Globally, 43 million people are blind. 80% of this burden is treatable or preventable. Unfortunately, 90% of people suffering from vision loss live in low- and middle-income countries where a solution isnt available. Without care, blindness dramatically affects individuals, their families and their communities. Blind children are more likely to die in childhood than children with good vision, especially in low-income countries. Vision loss is linked to social exclusion more broadly, including the experience of negative attitudes, violence and bullying, sexual assault, and loneliness. The restoration of sight helps break the cycle of poverty and inequity. Studies show that as many as 90% of blind individuals in poor communities cannot work. 55% of the worlds blind are women - and 90% of women who are blind are living in poverty. Sight helps people learn. Children can learn twice as much when they see clearly.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Changing the Arc of Global Blindness

The Himalayan Cataract Project (HCP) provides critical eye care services, training for ophthalmic professionals, and enhanced eye care infrastructure where they are needed most. HCP works with local implementing partners to serve more than 1.6 million people annually through examinations and basic treatment, including the provision of over 123,000 sight-restoring surgeries and hundreds of training opportunities for eye care personnel.

The Himalayan Cataract Project (HCP) uses the elimination of cataracts as the cornerstone to strengthening national eye care. Our model is rooted in local providers, patients, and institutions, combining direct surgical care, multi-tiered training opportunities, and structural improvements to elevate eye care in a country. Our approach is efficient: surgical teams can provide over 1,000 surgeries in one week while simultaneously teaching the next generation of surgeons, nurses, and technicians through high-volume exposure.

Population(s) Served
Adults
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of cataract surgeries performed

This metric is no longer tracked.
Totals By Year
Related Program

Changing the Arc of Global Blindness

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

HCP Cureblindness (Himalayan Cataract Project) envisions a world in which no person is needlessly blind. We enable countries to cure avoidable blindness by developing high-quality, cost-effective eye care systems in underserved areas of the world so everyone, everywhere can regain or retain their sight. HCP Cureblindness tackles avoidable blindness in over 25 countries in South Asia and sub-Saharan Africa with core country operations in Nepal, Bhutan, India, Ethiopia, and Ghana.

HCPs approach to eye care is uniqueit focuses on building local capacity, ensuring quality infrastructure and equipment are available, enabling quality patient care and aiding effective prevention. We provide training and equipment to healthcare professionals, who then go on to provide eye care services in their own communities. This action-based approach builds local leadership, empowers key actors, and develops sustainable practices from the ground up.

We are committed to building high-quality, cost-effective eye care systems that enable people to regain or retain their sight. Our programmatic focus areas to achieve this mission are:

LOCAL CAPACITY: Provide training for clinical and non-clinical personnel to expand access to quality care and improve outcomes.

PATIENT CARE: Support partners in providing direct service and expand partnerships to ensure access to care across disease areas.

INFRASTRUCTURE & EQUIPMENT: Ensure trained personnel have the appropriate tools to apply their skills.

PREVENTION: Expand training for community health workers to address comprehensive eye care at the primary care level.

Together with an extensive network of implementing partners in over 25 countries, HCP Cureblindness has provided more than 1.4 million sight-restoring surgeries, screened more than 14.5 million people to provide care and basic treatments, has trained over 19,500 eye health professionals, and has established 5 eye hospitals.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

HIMALAYAN CATARACT PROJECT INC
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 HCP 2022 Audited Financial Statements 2019 HCP FY19 Audited Financial Statement
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

16.66

Average of 18.84 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

20.8

Average of 8.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

20%

Average of 17% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

HIMALAYAN CATARACT PROJECT INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

HIMALAYAN CATARACT PROJECT INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

HIMALAYAN CATARACT PROJECT INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of HIMALAYAN CATARACT PROJECT INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$322,665 -$1,199,488 $2,416,303 $3,386,998 $14,310,094
As % of expenses -3.2% -10.1% 35.3% 39.0% 118.1%
Unrestricted surplus (deficit) after depreciation -$323,044 -$1,200,138 $2,413,954 $3,384,430 $14,274,019
As % of expenses -3.2% -10.1% 35.2% 39.0% 117.4%
Revenue composition info
Total revenue (unrestricted & restricted) $12,009,506 $10,311,281 $10,236,654 $12,691,566 $31,601,549
Total revenue, % change over prior year 24.1% -14.1% -0.7% 24.0% 149.0%
Program services revenue 0.7% 8.2% 0.1% 2.0% 0.4%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.9% 1.7% 1.3% 1.0% 0.6%
Government grants 5.6% 2.4% 5.4% 2.5% 0.6%
All other grants and contributions 82.4% 87.4% 92.0% 92.8% 83.4%
Other revenue 10.4% 0.1% 1.2% 1.7% 15.0%
Expense composition info
Total expenses before depreciation $9,978,120 $11,934,280 $6,848,640 $8,678,086 $12,117,509
Total expenses, % change over prior year 21.5% 19.6% -42.6% 26.7% 39.6%
Personnel 16.8% 16.8% 32.8% 31.3% 33.2%
Professional fees 2.6% 2.1% 2.4% 2.3% 3.2%
Occupancy 0.7% 1.0% 1.7% 1.7% 1.4%
Interest 0.0% 0.0% 0.0% 0.1% 0.0%
Pass-through 73.9% 67.9% 53.9% 54.0% 52.0%
All other expenses 6.1% 12.2% 9.1% 10.7% 10.2%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $9,978,499 $11,934,930 $6,850,989 $8,680,654 $12,153,584
One month of savings $831,510 $994,523 $570,720 $723,174 $1,009,792
Debt principal payment $0 $0 $0 $337,092 $0
Fixed asset additions $3,246 $0 $97,813 $733,052 $955,610
Total full costs (estimated) $10,813,255 $12,929,453 $7,519,522 $10,473,972 $14,118,986

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 6.0 3.9 11.9 12.1 20.8
Months of cash and investments 10.4 8.3 20.4 21.2 26.3
Months of estimated liquid unrestricted net assets 11.4 8.4 18.6 18.4 26.4
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $4,947,665 $3,876,293 $6,797,826 $8,719,235 $21,013,254
Investments $3,714,485 $4,337,446 $4,851,213 $6,634,628 $5,538,036
Receivables $1,848,141 $2,147,630 $2,112,911 $1,448,569 $3,184,833
Gross land, buildings, equipment (LBE) $36,682 $11,951 $109,764 $842,816 $1,798,426
Accumulated depreciation (as a % of LBE) 92.2% 81.4% 11.0% 1.7% 2.8%
Liabilities (as a % of assets) 5.3% 10.9% 5.4% 4.4% 5.2%
Unrestricted net assets $9,507,904 $8,307,766 $10,721,720 $14,106,150 $28,380,169
Temporarily restricted net assets $1,899,241 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $1,899,241 $2,219,383 $3,410,360 $4,433,438 $3,999,362
Total net assets $11,407,145 $10,527,149 $14,132,080 $18,539,588 $32,379,531

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Co-founder and Chair

Dr. Geoff Tabin

During a climbing trip to Nepal, Himalayan Cataract Project Co-director and American ophthalmologist Dr. Geoff Tabin observed cataract surgery performed on a woman who had been blind for three years and saw her sight completely restored. He had found his calling. After completing his training, Dr. Tabin returned to Nepal to work with Co-director Dr. Sanduk Ruit. Adopting Dr. Ruit?s methods for delivering high quality cataract surgery at a very low cost, Dr. Tabin began teaching other Nepali ophthalmologists while running the eye hospital in Biratnagar, Nepal?s second largest city. Now Professor of Ophthalmology & Visual Sciences and Director of the Division of International Ophthalmology at the Moran Eye Center, University of Utah, Dr. Tabin spends at least 4 months each year in Asia with the Himalayan Cataract Project and is working to develop other international eye care programs using the successful model of the Himalayan Cataract Project and the Tilaganga Eye Centre.

CEO

Katherine Overbey

K-T serves as the CEO of HCP Cureblindness, where she is responsible for the overarching strategic approach of the organization and enabling the team to deliver on its stretching goals to end avoidable blindness in underserved areas. She believes deeply in the mission of building systemic solutions that ensure everyone has access to the high quality vision care they need and deserve. She is a strong believer in the power of collaboration and actively seeks to work with others to accelerate efforts toward a common vision. Prior to HCP, K-T has served in executive roles of increasing responsibility at Cincinnati Childrens Hospital, Procter & Gamble and Bain & Company. Most recently, she served as President and Executive Director of OneSight, a leading vision care NGO focused on refractive error. She graduated from Princeton University, where she received her AB with a concentration in International Politics, and holds an MBA from the J.L. Kellogg Graduate School of Management at Northwe

Number of employees

Source: IRS Form 990

HIMALAYAN CATARACT PROJECT INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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HIMALAYAN CATARACT PROJECT INC

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
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HIMALAYAN CATARACT PROJECT INC

Board of directors
as of 03/29/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Dr. Geoff Tabin

Geoff Tabin, MD

Matthew Oliva, MD

Dimitri Azar, MD

Stewart Halpern

Guy Kezirian, MD

Jeffrey Goldberg, MD

Farran Tozer Brown

Robert Wolcott, PhD

Menghis Bairu, MD

Jessica Feilmeier

Kal Mentak, PhD

Organizational demographics

SOURCE: Self-reported; last updated 1/18/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.