Civic Intelligence

The Macula Foundation Inc

990 • Fiscal year 2016 • EIN 13-3156197

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 14, 2017

210 EAST 64TH STREET Suite 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

32nd percentile

0.06x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

0.35x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

76th percentile

11%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

25th percentile

-7.4%

Faster revenue growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,478,990

Up $759,762 (+11%) from 2015

Net Assets

Up

$7,061,348

Up $579,068 (+8.9%) from 2015

Liabilities

Up

$417,642

Up $180,694 (+76%) from 2015

Revenue

Down

$1,203,595

Down $96,291 (-7.4%) from 2015

Expenses

Down

$1,023,502

Down $298,101 (-23%) from 2015

Net Income

Up

$180,093

Up $201,810 (+929%) from 2015

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

2016

Assets$7,478,990
Liabilities$417,642
Net Assets$7,061,348

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

2016

Revenue$1,203,595
Expenses$1,023,502
Net Income$180,093
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 14, 2017
Return Version
2015v3.0
Gross Receipts
$3,660,930
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$6,258,146$5,090,498▼ $1,167,648
Savings and Temporary Cash Investments$451,699$2,380,404▲ $1,928,705
Prepaid Expenses and Deferred Charges$1,228$4,080▲ $2,852
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$6,719,228$7,478,990▲ $759,762
Other Assets Total$8,155$4,008▼ $4,147
Liabilities
Grants Payable$0$378,026▲ $378,026
Accounts Payable and Accrued Expenses$222,695$39,616▼ $183,079
Other Liabilities$14,253$0▼ $14,253
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$236,948$417,642▲ $180,694
Net Assets / Fund Balance
Unrestricted Net Assets$5,844,547$6,423,615▲ $579,068
Temporarily Rstr Net Assets$637,733$637,733→ $0
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,482,280$7,061,348▲ $579,068
Total Liabilities and Net Assets / Fund Balance$6,719,228$7,478,990▲ $759,762
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 Jack DodickDirector
Dr Mark S BlimenkranzDirector
Dr Nina Y FreundSecretary
Jerry H LabowitzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$903,561
Program Service Revenue
$0
Investment Income
$300,034
Other Revenue
$0
All Other Contributions
$903,561
Change in Net Assets
$180,093

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$49,832Market Quotation
Total Noncash Contributions1$49,832-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,143,470
Revenue Not Reported on Financial Statements
$60,125
Revenue Not Reported on Form 990
$398,975
Total Revenue per Audited Statements
$1,542,445
Total Revenue per Form 990
$1,203,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$686,712
Other Expenses$336,790
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$680,316--$680,316
Travel-$125,877-$125,877
Office Expenses-$68,187-$68,187
Fees for Service Investment Mgmnt Fees-$60,125-$60,125
Fees for Services Accounting-$24,832-$24,832
Foreign Grants$6,000--$6,000
Fees for Services Other-$4,830-$4,830
Insurance-$3,995-$3,995
Grants to Domestic Individuals$396--$396
Other Expenses$45,090$275-$275
Fees for Services Legal-$234-$234
Total Functional Expenses$731,802$291,700$0$1,023,502

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,023,502
Expenses per Audited Statements$963,377
Total Expenses per Audited Statements$963,377
Expenses Not Reported on Financial Statements$60,125
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lenox Hill HospitalmeethNew York, NY-Retinal Reseasrch$573,016
i sBaltimore, MD501(c)(3)Retina Study$42,100
NYU School of MedicineNew York, NY501(c)(3)Retinal Research$41,855
UNIV OF ALABAMA - Dept of OphthalmologyBirmingham, AL-Research Support$10,000

International Summary

Offices
0
Employees
0
Spending
$6,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificGrantmaking-00$6,000
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
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 provided to the chairman and board members for review and discussions 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 Suite 8TH FL, NEW YORK, NY 10021

Signing Officer

Name
Dr Lawrence a Yannuzzi
Title
President
Signed
2017-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lawrence Yannuzzi
Formed
1983
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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:

The Foundation has been determined by the Internal Revenue Service ("IRS") to be tax-exempt organization under section 501(c)(3) of the U.S. Internal Revenue Code (the "code")and is, therefore, exempt from Federal income tax under Section 501(a) of the Code and from state and local taxes under comparable laws. There was no unrelated business income for 2016 and 2015. In addition, the Foundation has not taken an uncertain position that would provision of liability under asc 740, "income taxes".

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IRS990/OtherExpensesGrp/Desc0MISC. EXPENSES
IRS990/OtherExpensesGrp/Desc1MISC. PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc2NYS FILING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03345
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1275
IRS990/OtherExpensesGrp/ProgramServicesAmt045090
IRS990/OtherExpensesGrp/TotalAmt03345
IRS990/OtherExpensesGrp/TotalAmt145090
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04080
IRS990/PrincipalOfficerNm0DR LAWRENCE YANNUZZI
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02380404
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IRS990ScheduleA/SubstantialContributorsTotAmt0572981
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01363689
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05106837
IRS990ScheduleA/TotalSupportAmt05839988
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt060125
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IRS990ScheduleD/RevenueNotReportedAmt0398975
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt060125
IRS990ScheduleD/RevenueSubtotalAmt01143470
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation has been determined by the Internal Revenue Service ("IRS") to be tax-exempt organization under section 501(c)(3) of the U.S. Internal Revenue Code (the "code")and is, therefore, exempt from Federal income tax under Section 501(a) of the Code and from state and local taxes under comparable laws. There was no unrelated business income for 2016 and 2015. In addition, the Foundation has not taken an uncertain position that would provision of liability under asc 740, "income taxes".
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalExpensesPerForm990Amt01023502
IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01542445
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt06000
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt01
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0RESEARCH GRANTS for mactel 2 study
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc0fmv
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
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IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt06000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE MACULA FOUNDATION, INC. maintains WRITTEN DOCUMENTATION OF DISBURSEMENTS IN THEiR RECORDS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleF/TotalEmployeeCnt00
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IRS990ScheduleI/RecipientTable/CashGrantAmt041855
IRS990ScheduleI/RecipientTable/CashGrantAmt142100
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt3573016
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Retinal Research
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Retina Study
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3RETINAL RESEASRCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NYU School of Medicine
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1i s
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2UNIV OF ALABAMA - Dept of Ophthalmology
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3LENOX HILL HOSPITALMEETH
IRS990ScheduleI/RecipientTable/RecipientEIN0131624070
IRS990ScheduleI/RecipientTable/RecipientEIN1131624070
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PROVIDE ADDRESS

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