Civic Intelligence

The Macula Foundation Inc

990 • Fiscal year 2015 • EIN 13-3156197

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 15, 2016

210 East 64th Street 8th FloorNew York, NY 10021

(212) 605-3777

Siviq Scores

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

Liabilities / Assets

26th percentile

0.04x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.18x

Higher debt load relative to revenue than 50% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

32nd percentile

-1.7%

Higher net margin than 32% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

16th percentile

-6.5%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$6,719,228

Down $464,177 (-6.5%) from 2014

Net Assets

Down

$6,482,280

Down $659,552 (-9.2%) from 2014

Liabilities

Up

$236,948

Up $195,375 (+470%) from 2014

Revenue

Down

$1,299,886

Down $664,367 (-34%) from 2014

Expenses

Up

$1,321,603

Up $496,604 (+60%) from 2014

Net Income

Down

-$21,717

Down $1,160,971 (-102%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$6,719,228
Liabilities$236,948
Net Assets$6,482,280

Operations Trend

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

2015

Revenue$1,299,886
Expenses$1,321,603
Net Income-$21,717
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 15, 2016
Return Version
2014v6.0
Gross Receipts
$2,444,498
Mission and Program Overview

Mission

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

To provide grants & allocations to qualified institutions, organizations, & individuals to support & promote research activities in macular associated diseases.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,939,569$6,258,146▲ $318,577
Savings and Temporary Cash Investments$1,222,891$451,699▼ $771,192
Prepaid Expenses and Deferred Charges$3,337$1,228▼ $2,109
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$7,183,405$6,719,228▼ $464,177
Other Assets Total$17,608$8,155▼ $9,453
Liabilities
Accounts Payable and Accrued Expenses$27,322$222,695▲ $195,373
Other Liabilities$14,251$14,253▲ $2
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$41,573$236,948▲ $195,375
Net Assets / Fund Balance
Unrestricted Net Assets$6,671,099$5,844,547▼ $826,552
Temporarily Rstr Net Assets$470,733$637,733▲ $167,000
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$7,141,832$6,482,280▼ $659,552
Total Liabilities and Net Assets / Fund Balance$7,183,405$6,719,228▼ $464,177
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew TrachenbergChairman of Audit Committee
Dr Lawrence a YannuzziChairman/president
Dr Kurt GitterVice President
DR FRANCIS A L'ESPERANCEDirector
Dr Mark S BlimenkranzDirector
Dr Nina Y FreundSecretary
Jerry H LabowitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$802,978
Program Service Revenue
$0
Investment Income
$496,908
Other Revenue
$0
All Other Contributions
$802,978
Change in Net Assets
$-21,717

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$27,399Market Quotation
Total Noncash Contributions1$27,399-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,227,091
Revenue Not Reported on Financial Statements
$72,795
Revenue Not Reported on Form 990
$-637,835
Total Revenue per Audited Statements
$589,256
Total Revenue per Form 990
$1,299,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,179,492
Other Expenses$142,111
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,113,430--$1,113,430
Fees for Service Investment Mgmnt Fees-$72,795-$72,795
Grants to Domestic Individuals$66,062--$66,062
Fees for Services Other-$25,179-$25,179
Office Expenses-$16,454-$16,454
Fees for Services Accounting$12,795--$12,795
Other Expenses$10,048$0$0$10,048
Insurance-$4,565-$4,565
Total Functional Expenses$1,202,335$119,268$0$1,321,603

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,321,603
Expenses per Audited Statements$1,248,808
Total Expenses per Audited Statements$1,248,808
Expenses Not Reported on Financial Statements$72,795
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lenox Hill HospitalmeethNew York, NY501(c)(3)Retinal Research$1,008,050
John Hopkins Univ - School of MedicineBaltimore, MD501(c)(3)Retina Study$42,100
UNIV OF ALABAMA - Dept of OphthalmologyBirmingham, AL501(c)(3)Research Support$20,000
Palace TheatreNew York, NY-General Support$13,500
Int'al Consortium for Health Outcomes MeasurementCambridge, MA-General Support$10,000
Lighthouse InternationalNew York, NY-General Support$10,000
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$14,253
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is reviewed by the chairman before it is filed with the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization requires all board members and staff to review, complete and sign the policy annually.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization does not compensate any officer or key employee.

FORM 990, PART VI, SECTION C, LINE 19:

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

Filing and Contact Details

Filer

Filer Name
The Macula Foundation Inc
EIN
13-3156197
In Care Of
% JOAN DALY
Phone
2126053777
Address
210 EAST 64TH STREET 8TH FLOOR, NEW YORK, NY 10021

Signing Officer

Name
Dr Lawrence a Yannuzzi
Title
President
Phone
2126053777
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lawrence Yannuzzi
Formed
1983
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

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 macula foundation, inc. (the "reporting organization") and recognize a tax liability (or asset) if the reporting organization has taken an uncertain position that more likely than not would be sustained upon examination by the irs. The reporting organization's management has analyzed the tax positions taken by the reporting organization and has concluded that, as of september 30, 2015, 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 reporting organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The reporting organization's management believes it is no longer subject to income tax examinations for years prior to october 1, 2012.

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IRS990/PrincipalOfficerNm0DR LAWRENCE YANNUZZI
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05549673
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0217291
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IRS990ScheduleA/PublicSupportPY170Pct00.50982
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05549673
IRS990ScheduleA/TotalSupportAmt06349756
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt072795
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-637835
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0-637835
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt072795
IRS990ScheduleD/RevenueSubtotalAmt01227091
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE MACULA FOUNDATION, INC. (THE "REPORTING ORGANIZATION") AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE REPORTING ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE IRS. THE REPORTING ORGANIZATION'S MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE REPORTING ORGANIZATION AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 2015, 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 REPORTING ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE REPORTING ORGANIZATION'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO OCTOBER 1, 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RESEARCH GRANTS
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Retinal Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Retina Study
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LENOX HILL HOSPITALMEETH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1JOHN HOPKINS UNIV - SCHOOL OF MEDICINE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2UNIV OF ALABAMA - Dept of Ophthalmology
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Palace Theatre
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Int'al Consortium for Health Outcomes Measurement
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5LIGHTHOUSE INTERNATIONAL
IRS990ScheduleI/RecipientTable/RecipientEIN0131624070
IRS990ScheduleI/RecipientTable/RecipientEIN1460854621
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 E 77TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1733 N Broadway
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2700 S 18th St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31564 BROADWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt414 ARROW ST STE 11
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5111 E 59TH ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Baltimore
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm3NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm4CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5NEW YORK
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010075

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