Civic Intelligence

The Macula Foundation Inc

990 • Fiscal year 2014 • EIN 13-3156197

Oct 01, 2013 to Sep 30, 2014 • Filed on Aug 17, 2015

Organization ProfileWWW.MACULAFOUNDATION.ORG
210 East 64th StreetSuite 8TH FLNew York, NY 10021

(212) 605-3777

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

90th percentile

56%

Faster revenue growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$7,183,405

Up $1,115,105 (+18%) from 2013

Net Assets

Up

$7,141,832

Up $1,104,831 (+18%) from 2013

Liabilities

Up

$41,573

Up $10,274 (+33%) from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin93rd percentile

Revenue

Up

$1,964,253

Up $705,462 (+56%) from 2013

Expenses

Down

$824,999

Down $333,296 (-29%) from 2013

Net Income

Up

$1,139,254

Up $1,038,758 (+1034%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $4,923,548Liabilities 2011: $82,354Net Assets 2011: $4,841,1942011Assets 2012: $5,417,345Liabilities 2012: $70,188Net Assets 2012: $5,347,1572012Assets 2013: $6,068,300Liabilities 2013: $31,299Net Assets 2013: $6,037,0012013Assets 2014: $7,183,405Liabilities 2014: $41,573Net Assets 2014: $7,141,8322014Assets 2015: $6,719,228Liabilities 2015: $236,948Net Assets 2015: $6,482,2802015Assets 2016: $7,478,990Liabilities 2016: $417,642Net Assets 2016: $7,061,3482016Assets 2017: $8,229,048Liabilities 2017: $84,370Net Assets 2017: $8,144,6782017Assets 2018: $9,032,338Liabilities 2018: $68,871Net Assets 2018: $8,963,4672018Assets 2019: $9,661,925Liabilities 2019: $58,977Net Assets 2019: $9,602,9482019Assets 2020: $10,435,566Liabilities 2020: $27,848Net Assets 2020: $10,407,7182020Assets 2021: $12,784,906Liabilities 2021: $300,387Net Assets 2021: $12,484,5192021Assets 2022: $10,315,605Liabilities 2022: $67,527Net Assets 2022: $10,248,0782022Assets 2024: $11,813,435Liabilities 2024: $197,924Net Assets 2024: $11,615,5112024

Highlighted filing

2014

Assets$7,183,405
Liabilities$41,573
Net Assets$7,141,832
Open 2014 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $1,717,231Expenses 2011: $1,861,356Net Income 2011: -$144,1252011Revenue 2012: $1,624,689Expenses 2012: $1,534,884Net Income 2012: $89,8052012Revenue 2013: $1,258,791Expenses 2013: $1,158,295Net Income 2013: $100,4962013Revenue 2014: $1,964,253Expenses 2014: $824,999Net Income 2014: $1,139,2542014Revenue 2015: $1,299,886Expenses 2015: $1,321,603Net Income 2015: -$21,7172015Revenue 2016: $1,203,595Expenses 2016: $1,023,502Net Income 2016: $180,0932016Revenue 2017: $1,240,077Expenses 2017: $480,013Net Income 2017: $760,0642017Revenue 2018: $1,290,259Expenses 2018: $617,651Net Income 2018: $672,6082018Revenue 2019: $931,384Expenses 2019: $705,552Net Income 2019: $225,8322019Revenue 2020: $1,673,890Expenses 2020: $386,252Net Income 2020: $1,287,6382020Revenue 2021: $2,518,108Expenses 2021: $303,267Net Income 2021: $2,214,8412021Revenue 2022: -$1,951,439Expenses 2022: $243,468Net Income 2022: -$2,194,9072022Revenue 2024: $173,553Expenses 2024: $320,672Net Income 2024: -$147,1192024

Highlighted filing

2014

Revenue$1,964,253
Expenses$824,999
Net Income$1,139,254
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Aug 17, 2015
Return Version
2013v4.0
Gross Receipts
$4,750,713
Mission and Program Overview

Mission

The macular foundation, inc., was established to support basic and clinical research in vitreous, retinal and macular diseases.

Grants and allocations to qualified institutions, organizations, and individuals to support and promote RESEARCH ACTIVITIES IN MACULAR associated diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,387,723$5,939,569▲ $551,846
Savings and Temporary Cash Investments$676,316$1,222,891▲ $546,575
Prepaid Expenses and Deferred Charges$3,181$3,337▲ $156
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,068,300$7,183,405▲ $1,115,105
Other Assets Total$1,080$17,608▲ $16,528
Liabilities
Accounts Payable and Accrued Expenses$17,048$27,322▲ $10,274
Other Liabilities$14,251$14,251→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$31,299$41,573▲ $10,274
Net Assets / Fund Balance
Unrestricted Net Assets$5,817,114$6,671,099▲ $853,985
Temporarily Rstr Net Assets$219,887$470,733▲ $250,846
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,037,001$7,141,832▲ $1,104,831
Total Liabilities and Net Assets / Fund Balance$6,068,300$7,183,405▲ $1,115,105
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Mr Matthew TrachenbergChairman of Audit Committee
Dr Lawrence a YannuzziCHAIRMAN,PRES & DIRector
DR FRANCIS A L'ESPERANCEDirector
Dr Mark S BlimenkranzDirector
Dr Nina Y FreundDirector & Secretary
Dr Kurt GitterV. P.& Director
Mr Jerry H LabowitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,174,002
Program Service Revenue
$0
Investment Income
$790,251
Other Revenue
$0
All Other Contributions
$1,174,002
Change in Net Assets
$1,139,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,893,587
Revenue Not Reported on Financial Statements
$70,666
Revenue Not Reported on Form 990
$-34,423
Total Revenue per Audited Statements
$1,859,164
Total Revenue per Form 990
$1,964,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$710,826
Other Expenses$114,173
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$428,000--$428,000
Grants to Domestic Individuals$282,826--$282,826
Fees for Service Investment Mgmnt Fees$0$70,666$0$70,666
Office Expenses$0$18,194$0$18,194
Fees for Services Accounting$0$15,500$0$15,500
Insurance$0$6,518$0$6,518
Advertising$0$3,000$0$3,000
Other Expenses$0$295$0$295
Total Functional Expenses$710,826$114,173$0$824,999

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$824,999
Expenses per Audited Statements$754,333
Total Expenses per Audited Statements$754,333
Expenses Not Reported on Financial Statements$70,666
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
13-1624070-501(c)(3)General Support$410,000
63-6001138-501(c)(3)General Support$10,000
13-1096620-501(c)(3)General Support$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$14,251
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Section B, Line 11A

“Form 990 is reviewed and signed by the chairman before it is filed.”

Form 990, Page 6, Part VI, Section C, Line 18

“Form 990 is available upon request.”

Filing and Contact Details

Filer

EIN
13-3156197
In Care Of
% JOAN DALY
Phone
2126053777

Signing Officer

Name
Dr Lawrence A Yannuzzi
Title
Chairman, President & Director
Phone
2126053777
Signed
2015-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lawrence Yannuzzi
Formed
1978
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
James P Wetzold
Phone
2126053777
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The organization's board of trustees is responsible for the oversight of the audit of its financial statements and the selection of an independent auditor.”

Form 990, Page 12, Part XI, Line 9

“CHANGES IN NET ASSETS: NET REALIZED losses ON INVESTMENTS: ($34,423)”

Financial Statement Notes

Part X, Line 2

“Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would be sustained upon examination by the IRS. The Foundation's management has analyzed the tax positions taken by the Foundation and has concluded that, as of September 30, 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Foundation's management believes it is no longer subject to income tax examinations for years prior to October 1, 2011.”

Part XI, Line 2A

“Net unrealized losses on investments: ($34,423).”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03181
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03337
IRS990/PrincipalOfficerNm0DR LAWRENCE YANNUZZI
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IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01174002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0862607
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01346397
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0696121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05442816
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0396184
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0370833
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028674
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01846942
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.30952
IRS990ScheduleA/PublicSupportPY170Pct00.37143
IRS990ScheduleA/PublicSupportTotal170Amt02256329
IRS990ScheduleA/SubstantialContributorsTotAmt03186487
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05442816
IRS990ScheduleA/TotalSupportAmt07289758
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/ExpensesSubtotalAmt0754333
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt070666
IRS990ScheduleD/InvestmentExpensesNotIncldAmt070666
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-34423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0-34423
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt070666
IRS990ScheduleD/RevenueSubtotalAmt01893587
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would be sustained upon examination by the IRS. The Foundation's management has analyzed the tax positions taken by the Foundation and has concluded that, as of September 30, 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Foundation's management believes it is no longer subject to income tax examinations for years prior to October 1, 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NET UNREALIZED LOSSES ON INVESTMENTS: ($34,423).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2A
IRS990ScheduleD/TotalExpensesPerForm990Amt0824999
IRS990ScheduleD/TotalLiabilityAmt014251
IRS990ScheduleD/TotalRevenuePerForm990Amt01964253
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0754333
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0282826
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOlarship and research grants
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0fmv
IRS990ScheduleI/RecipientTable/CashGrantAmt0410000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
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IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10LENOX HILL HOSPITALMEETH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11LIGHTHOUSE INTERNATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12UNIVERSITY OF ALABAMA
IRS990ScheduleI/RecipientTable/RecipientEIN0131624070
IRS990ScheduleI/RecipientTable/RecipientEIN1131096620
IRS990ScheduleI/RecipientTable/RecipientEIN2636001138
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10100 EAST 77TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11111 EAST 59TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12UNIVERSITY OF ALABAMA
IRS990ScheduleI/RecipientTable/USAddress/City0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/City1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/City2TUSCALOOSA
IRS990ScheduleI/RecipientTable/USAddress/State0NY
IRS990ScheduleI/RecipientTable/USAddress/State1NY
IRS990ScheduleI/RecipientTable/USAddress/State2AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode010075
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode110022
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode235487
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2fmv
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION KEEPS WRITTEN DOCUMENTATION OF DISBURSEMENTS IN THEIR RECORds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of Procedure for Monitoring Use of Funds:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF TRUSTEES IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED AND SIGNED BY THE CHAIRMAN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES IN NET ASSETS: NET REALIZED losses ON INVESTMENTS: ($34,423)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 12, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, SECTION B, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 12, PART XI, LINE 9
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0710826

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,183,405
Liabilities
$41,573
Net assets
$7,141,832
Revenue
$1,964,253
Expenses
$824,999
Net income
$1,139,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.8$0.20$11.6$0.17$0.32$0.15
2022Detailed filing. Detailed filing data is available for this year.$10.3$0.07$10.2$1.95$0.24$2.19
2021Summary only. Only limited summary data is available for this year.$12.8$0.30$12.5$2.52$0.30$2.21
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.03$10.4$1.67$0.39$1.29
2019Detailed filing. Detailed filing data is available for this year.$9.66$0.06$9.60$0.93$0.71$0.23
2018Detailed filing. Detailed filing data is available for this year.$9.03$0.07$8.96$1.29$0.62$0.67
2017Detailed filing. Detailed filing data is available for this year.$8.23$0.08$8.14$1.24$0.48$0.76
2016Detailed filing. Detailed filing data is available for this year.$7.48$0.42$7.06$1.20$1.02$0.18
2015Detailed filing. Detailed filing data is available for this year.$6.72$0.24$6.48$1.30$1.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$7.18$0.04$7.14$1.96$0.82$1.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.03$6.04$1.26$1.16$0.10
2012Summary only. Only limited summary data is available for this year.$5.42$0.07$5.35$1.62$1.53$0.09
2011Summary only. Only limited summary data is available for this year.$4.92$0.08$4.84$1.72$1.86$0.14