Civic Intelligence

The Macula Foundation Inc

990 • Fiscal year 2017 • EIN 13-3156197

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 14, 2018

Organization ProfileWWW.MACULAFOUNDATION.ORG
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

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.07x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

93rd percentile

61%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

3.0%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$8,229,048

Up $750,058 (+10%) from 2016

Net Assets

Up

$8,144,678

Up $1,083,330 (+15%) from 2016

Liabilities

Down

$84,370

Down $333,272 (-80%) from 2016

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin93rd percentile

Revenue

Up

$1,240,077

Up $36,482 (+3.0%) from 2016

Expenses

Down

$480,013

Down $543,489 (-53%) from 2016

Net Income

Up

$760,064

Up $579,971 (+322%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2017

Assets$8,229,048
Liabilities$84,370
Net Assets$8,144,678
Open 2017 Filing

Operations Trend

Revenue Growth45th 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

2017

Revenue$1,240,077
Expenses$480,013
Net Income$760,064
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 14, 2018
Return Version
2016v3.1
Gross Receipts
$3,988,965
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 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$5,090,498$5,976,146▲ $885,648
Savings and Temporary Cash Investments$2,380,404$2,245,856▼ $134,548
Prepaid Expenses and Deferred Charges$4,080$7,046▲ $2,966
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$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,478,990$8,229,048▲ $750,058
Other Assets Total$4,008$0▼ $4,008
Liabilities
Grants Payable$378,026$0▼ $378,026
Accounts Payable and Accrued Expenses$39,616$84,370▲ $44,754
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$417,642$84,370▼ $333,272
Net Assets / Fund Balance
Unrestricted Net Assets$6,423,615$7,506,945▲ $1,083,330
Temporarily Rstr Net Assets$637,733$637,733→ $0
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$7,061,348$8,144,678▲ $1,083,330
Total Liabilities and Net Assets / Fund Balance$7,478,990$8,229,048▲ $750,058
Compensation and Service Providers
Top Officer Pay20th percentile

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
$690,512
Program Service Revenue
$0
Investment Income
$549,565
Other Revenue
$0
All Other Contributions
$690,512
Change in Net Assets
$760,064

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,182,412
Revenue Not Reported on Financial Statements
$57,665
Revenue Not Reported on Form 990
$323,266
Total Revenue per Audited Statements
$1,505,678
Total Revenue per Form 990
$1,240,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,338
Grants and Similar Amounts Paid$197,675
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$194,150--$194,150
Office Expenses-$91,985-$91,985
Travel-$69,905-$69,905
Fees for Service Investment Mgmnt Fees-$57,665-$57,665
Fees for Services Accounting-$29,654-$29,654
Other Expenses$0$11,053$0$11,053
Fees for Services Other-$8,405-$8,405
Insurance-$7,118-$7,118
Grants to Domestic Individuals$3,525--$3,525
Total Functional Expenses$203,953$276,060$0$480,013

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$480,013
Expenses per Audited Statements$422,348
Total Expenses per Audited Statements$422,348
Expenses Not Reported on Financial Statements$57,665
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
LuEsther T Mertz Retinal Research CenterNew York, NY501(c)(3)Research Equipment$150,000
UNIV OF ALABAMA - Dept of OphthalmologyBirmingham, AL501(c)(3)Research Support$20,000
Lighthouse Guild International IncNew York, NY-General Support$12,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Phone
2126053777
Signed
2018-08-14
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 2017 AND 2016. 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/TotalAmt1275
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07046
IRS990/PrincipalOfficerNm0DR LAWRENCE YANNUZZI
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IRS990/ReconcilationRevenueExpnssAmt0760064
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02380404
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IRS990ScheduleA/PublicSupportPY170Pct00.77635
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04433660
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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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 2017 AND 2016. 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:
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IRS990ScheduleI/RecipientTable/CashGrantAmt212500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH EQUIPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LuEsther T Mertz Retinal Research Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIV OF ALABAMA - Dept of Ophthalmology
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LIGHTHOUSE GUILD INTERNATIONAL INC
IRS990ScheduleI/RecipientTable/RecipientEIN0631206956
IRS990ScheduleI/RecipientTable/RecipientEIN1464215298
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0210 East 64th St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1700 S 18th St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2250 West 64th St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Birmingham
IRS990ScheduleI/RecipientTable/USAddress/CityNm2NEW YORK
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1AL
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1352940009

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,229,048
Liabilities
$84,370
Net assets
$8,144,678
Revenue
$1,240,077
Expenses
$480,013
Net income
$760,064
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