Civic Intelligence

The Macula Foundation Inc

EIN 13-3156197 • 501(c)3 • New York, NY

Profile

To prevent and restore vision loss by raising awareness about the macula and furthering knowledge in the field with innovative research. Because of the impact on vision, our principal goals have been the study of age related macular degeneration, diabetic retinopathy and other retinal macular diseases.

210 East 64th StreetNew York, NY 10065

www.maculafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

1.14x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

4th percentile

-85%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

59th percentile

7.0%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Assets

Up

$11,813,435

Up $1,497,830 (+15%) from 2022

Liabilities

Up

$197,924

Up $130,397 (+193%) from 2022

Net Assets

Up

$11,615,511

Up $1,367,433 (+13%) from 2022

Revenue

Up

$173,553

Up $2,124,992 (+109%) from 2022

Expenses

Up

$320,672

Up $77,204 (+32%) from 2022

Net Income

Up

-$147,119

Up $2,047,788 (+93%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2024

Assets$11,813,435
Liabilities$197,924
Net Assets$11,615,511

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$173,553
Expenses$320,672
Net Income-$147,119

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 14, 2025
Return Version
2023v6.0
Gross Receipts
$173,553
Mission and Program Overview

Mission

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

To prevent and restore vision loss by raising awareness about the macula and furthering knowledge in the field with innovative research. Because of the impact on vision, our principal goals have been the study of age related macular degeneration, diabetic retinopathy and other retinal macular diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,760,907$11,182,920▲ $1,422,013
Savings and Temporary Cash Investments$268,304$440,874▲ $172,570
Land, Buildings, and Equipment, Net$115,024$124,914▲ $9,890
Cash and Non-Interest-Bearing Accounts$84,857$61,704▼ $23,153
Accounts Receivable$2,672$3,023▲ $351
Total Assets$10,231,764$11,813,435▲ $1,581,671
Liabilities
Accounts Payable and Accrued Expenses$36,440$197,924▲ $161,484
Total Liabilities$36,440$197,924▲ $161,484
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,243,597$10,663,784▲ $1,420,187
Net Assets With Donor Restrictions$951,727$951,727→ $0
Total Net Assets Fund Balance$10,195,324$11,615,511▲ $1,420,187
Total Liabilities and Net Assets / Fund Balance$10,231,764$11,813,435▲ $1,581,671

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$163,684--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Lawrence a YannuzziChairman/president
Dr Kurt GitterVice President
Dr Jack DodickDirector
Dr Nicholas YannuzziDirector
Matthew TrachtenbergDirector
Jerry H LabowitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$171,684
Program Service Revenue
$0
Investment Income
$1,869
Other Revenue
$0
All Other Contributions
$171,684
Change in Net Assets
$-147,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$250,500
Grants and Similar Amounts Paid$70,172
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$0$100,558$0$100,558
Grants to Domestic Orgs$63,287--$63,287
Travel$0$59,001$0$59,001
Fees for Services Legal$0$16,525$0$16,525
Depreciation Depletion$0$16,491$0$16,491
All Other Expenses$14,449$1,030$0$15,479
Other Expenses$12,401$0$0$12,401
Grants to Domestic Individuals$6,885--$6,885
Information Technology$0$5,742$0$5,742
Insurance$0$4,529$0$4,529
Office Expenses$0$3,552$0$3,552
Interest$0$538$0$538
Total Functional Expenses$97,022$223,650$0$320,672
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
International Retinal Imaging SocietyLos Angeles, CA-Research$40,087
Bascom Palmer Eye InstituteMiami, FL-Research$16,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Macula Foundation Inc
EIN
13-3156197
Phone
2126053777
Address
210 EAST 64TH STREET, NEW YORK, NY 10065

Signing Officer

Name
Dr Lawrence Yannuzzi
Title
Chairman/president
Phone
2126053777
Signed
2025-08-14
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
7

Preparer

Firm
Goldfine & Co Inc
Address
40 EXCHANGE PL STE 1602, NEW YORK, NY 10005
Preparer
Michael Goldfine CPA
Phone
2127146655
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Dr. Lawrence a. Yannuzzi and dr. Nicholas yannuzzi are related.

Pt VI, Line 11B

The form 990 is provided to the chairman and board members for review and discussion and is finally reviewed with the external cpa prior to its filing with the irs.

Pt VI, Line 12C

The foundation requires all board members and staff to review, complete, and sign the policy annually. Per the written policy, the issue is brought up annually at a meeting of the board of directors, the results of which are noted in the minutes to the meeting. Also, each board member and officer annually signs a statement affirming that such person recevied a copy of the policy and has: read and understands the policy, agreed to comply, and understands that the corporation is charitable and must engage in activities that accomplish its tax exempt purposes in order to maintain its federal tax exemption.

Other

Form 990 part i, line 1 such as central serous chorioretinopathy, pseudoxanthoma elasticum, pathological high myopic, and macular degeneration. Additionally, we offer support for post doctoral fellowship training and teaching programs involving macular disease.

Pt VI, Line 19

The foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Pt XII, Line 2C

This process has not changed from the prior year. The form 990 is provided to the chairman and board members for review and discussion prior to the cpa filing the return.

Pt VI, Line 18

The foundation makes its 990 and financial statements available to the public upon request. In addition, the annual filings can be found on guidestar and the nys charities bureau website.

Other

Form 990 part iii, line 1 study of age-related macular degeneration, diabetic retinopathy and other retinal, macular dieases such as central serous chorioretinopathy, pseudoxanthoma elasticum, pathological high myopic, and macular degegneration. Additionally, we offer support for post doctoral fellowship training and teaching programs involving macular disease.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BASCOM PALMER EYE INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1INTERNATIONAL RETINAL IMAGING SOCIETY
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IRS990ScheduleI/RecipientTable/RecipientEIN1822970469
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO Box 86228
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIAMI
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LOS ANGELES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR. LAWRENCE A. YANNUZZI AND DR. NICHOLAS YANNUZZI ARE RELATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE CHAIRMAN AND BOARD MEMBERS FOR REVIEW AND DISCUSSION AND IS FINALLY REVIEWED WITH THE EXTERNAL CPA PRIOR TO ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REQUIRES ALL BOARD MEMBERS AND STAFF TO REVIEW, COMPLETE, AND SIGN THE POLICY ANNUALLY. PER THE WRITTEN POLICY, THE ISSUE IS BROUGHT UP ANNUALLY AT A MEETING OF THE BOARD OF DIRECTORS, THE RESULTS OF WHICH ARE NOTED IN THE MINUTES TO THE MEETING. ALSO, EACH BOARD MEMBER AND OFFICER ANNUALLY SIGNS A STATEMENT AFFIRMING THAT SUCH PERSON RECEVIED A COPY OF THE POLICY AND HAS: READ AND UNDERSTANDS THE POLICY, AGREED TO COMPLY, AND UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND MUST ENGAGE IN ACTIVITIES THAT ACCOMPLISH ITS TAX EXEMPT PURPOSES IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 PART I, LINE 1 SUCH AS CENTRAL SEROUS CHORIORETINOPATHY, PSEUDOXANTHOMA ELASTICUM, PATHOLOGICAL HIGH MYOPIC, AND MACULAR DEGENERATION. ADDITIONALLY, WE OFFER SUPPORT FOR POST DOCTORAL FELLOWSHIP TRAINING AND TEACHING PROGRAMS INVOLVING MACULAR DISEASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. THE FORM 990 IS PROVIDED TO THE CHAIRMAN AND BOARD MEMBERS FOR REVIEW AND DISCUSSION PRIOR TO THE CPA FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION MAKES ITS 990 AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ANNUAL FILINGS CAN BE FOUND ON GUIDESTAR AND THE NYS CHARITIES BUREAU WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 PART III, LINE 1 STUDY OF AGE-RELATED MACULAR DEGENERATION, DIABETIC RETINOPATHY AND OTHER RETINAL, MACULAR DIEASES SUCH AS CENTRAL SEROUS CHORIORETINOPATHY, PSEUDOXANTHOMA ELASTICUM, PATHOLOGICAL HIGH MYOPIC, AND MACULAR DEGEGNERATION. ADDITIONALLY, WE OFFER SUPPORT FOR POST DOCTORAL FELLOWSHIP TRAINING AND TEACHING PROGRAMS INVOLVING MACULAR DISEASE.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR LAWRENCE YANNUZZI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02126053777
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MACULA FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MACU
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010763636
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDFINE & CO INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 EXCHANGE PL STE 1602
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010005
ReturnHeader/PreparerPersonGrp/PhoneNum02127146655
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL GOLDFINE CPA
ReturnHeader/ReturnTs02025-08-15T08:12:42-07:00
ReturnHeader/ReturnTypeCd0990

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