Civic Intelligence

The Macula Foundation Inc

990 • Fiscal year 2020 • EIN 13-3156197

Oct 01, 2019 to Sep 30, 2020 • Filed on Mar 17, 2022

210 East 64th Street No 8th FLNew York, NY 10065

(212) 605-3777

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

9th percentile

0.02x

Higher debt load relative to revenue than 9% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

53rd percentile

8.0%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

80%

Faster revenue growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$10,435,566

Up $773,641 (+8.0%) from 2019

Net Assets

Up

$10,407,718

Up $804,770 (+8.4%) from 2019

Liabilities

Down

$27,848

Down $31,129 (-53%) from 2019

Revenue

Up

$1,673,890

Up $742,506 (+80%) from 2019

Expenses

Down

$386,252

Down $319,300 (-45%) from 2019

Net Income

Up

$1,287,638

Up $1,061,806 (+470%) from 2019

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

2020

Assets$10,435,566
Liabilities$27,848
Net Assets$10,407,718

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

2020

Revenue$1,673,890
Expenses$386,252
Net Income$1,287,638
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Mar 17, 2022
Return Version
2019v5.2
Gross Receipts
$6,152,504
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 such as central serous chorioretinopathy, pseudoxanthoma elasticum, pathological high myopic, and macular degeneration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,276,948$9,950,692▲ $673,744
Savings and Temporary Cash Investments$102,819$428,906▲ $326,087
Cash and Non-Interest-Bearing Accounts$277,656$51,836▼ $225,820
Land, Buildings, and Equipment, Net$2,702$2,211▼ $491
Accounts Receivable$1,800$1,921▲ $121
Total Assets$9,661,925$10,435,566▲ $773,641
Liabilities
Accounts Payable and Accrued Expenses$58,977$27,848▼ $31,129
Total Liabilities$58,977$27,848▼ $31,129
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,272,341$9,703,476▲ $431,135
Net Assets With Donor Restrictions$330,607$704,242▲ $373,635
Total Net Assets Fund Balance$9,602,948$10,407,718▲ $804,770
Total Liabilities and Net Assets / Fund Balance$9,661,925$10,435,566▲ $773,641

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,211$1,473$3,684
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$753,249
Program Service Revenue
$0
Investment Income
$920,641
Other Revenue
$0
All Other Contributions
$753,249
Change in Net Assets
$1,287,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,614,627
Revenue Not Reported on Financial Statements
$59,263
Revenue Not Reported on Form 990
$-482,868
Total Revenue per Audited Statements
$1,131,759
Total Revenue per Form 990
$1,673,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$286,586
Grants and Similar Amounts Paid$99,666
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$93,142-$93,142
Grants to Domestic Orgs$75,301--$75,301
Conferences and Meetings$27,467$29,501-$56,968
Travel-$31,325-$31,325
Fees for Services Accounting-$26,000-$26,000
Grants to Domestic Individuals$24,365--$24,365
Information Technology-$18,827-$18,827
Office Expenses-$12,199-$12,199
Insurance-$8,691-$8,691
Other Expenses$11,514$3,500-$3,500
Occupancy-$3,351-$3,351
Advertising-$1,355-$1,355
Fees for Services Legal-$1,091-$1,091
Depreciation Depletion-$491-$491
Total Functional Expenses$156,779$229,473$0$386,252

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$386,252
Expenses per Audited Statements$326,989
Total Expenses per Audited Statements$326,989
Expenses Not Reported on Financial Statements$59,263
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Meethnorthwell HealthNew York, NY501(c)3Research$25,000
Uab Department of OpthamologyBirmingham, AL501(c)3Research - Curcio Project$22,725
International Retinal Imaging SocLos Angeles, CA501(c)3Research$12,000
President & Fellows of HarvardCambridge, MA501(c)3Research$10,000
Various Other Domestic Organizations-501(c)3Research$5,576
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
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, 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: 1- has received a copy of the conflicts of interest policy 2- has read and understands the policy 3- has agreed to comply with the policy, and 4- understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes

Form 990, Part VI, Section B, Line 15

The foundation does not compensate any officer or key employee.

Form 990, Part VI, Section C, 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.

Form 990, Part VI, Section C, Line 19

The foundation 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
Phone
2126053777
Address
210 EAST 64TH STREET NO 8TH FL, NEW YORK, NY 10065

Signing Officer

Name
Dr Lawrence Yannuzzi
Title
Chairman/president
Phone
2126053777
Signed
2022-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Lawrence Yannuzzi
Formed
1983
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Nussbaum Berg Klein & Wolpow Cpas Llp
Address
445 BROADHOLLOW RD STE 319, MELVILLE, NY 11747
Preparer
Michael Corkery
Phone
6318455252
Supplemental Narrative

Additional Explanations

Part XII Line 2C

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

Financial Statement Notes

PART X, LINE 2:

The foundation applies the provisions pertaining to uncertain tax provisions of fasb asc topic 740, income taxes, and has determined that there are no material uncertain tax positions that require recognition 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. Management believes it is no longer subject to income tax examination for years prior to 2017.

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IRS990/PYRevenuesLessExpensesAmt0225832
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0705552
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0931384
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01287638
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0102819
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0428906
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0753249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01013418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01068665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0690512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0903561
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04429405
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0345296
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0227313
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0169332
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0151948
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0150359
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01044248
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.69420
IRS990ScheduleA/PublicSupportPY170Pct00.71130
IRS990ScheduleA/PublicSupportTotal170Amt03799981
IRS990ScheduleA/SubstantialContributorsTotAmt0629424
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0753249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01013418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01068665
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0690512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0903561
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04429405
IRS990ScheduleA/TotalSupportAmt05473653
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02211
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01473
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt059263
IRS990ScheduleD/ExpensesSubtotalAmt0326989
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt059263
IRS990ScheduleD/InvestmentExpensesNotIncldAmt059263
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-482868
IRS990ScheduleD/RevenueNotReportedAmt0-482868
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt059263
IRS990ScheduleD/RevenueSubtotalAmt01614627
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION APPLIES THE PROVISIONS PERTAINING TO UNCERTAIN TAX PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION 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. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02211
IRS990ScheduleD/TotalExpensesPerForm990Amt0386252
IRS990ScheduleD/TotalRevenuePerForm990Amt01673890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01131759
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0326989
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt024365
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STIPENDS FOR MEDICAL STUDENTS/PERSONNEL PERFORMING RESEARCH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990ScheduleI/RecipientTable/CashGrantAmt022725
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt312000
IRS990ScheduleI/RecipientTable/CashGrantAmt45576
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH - CURCIO PROJECT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UAB DEPARTMENT OF OPTHAMOLOGY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MEETHNORTHWELL HEALTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2PRESIDENT & FELLOWS OF HARVARD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3INTERNATIONAL RETINAL IMAGING SOC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4VARIOUS OTHER DOMESTIC ORGANIZATIONS
IRS990ScheduleI/RecipientTable/RecipientEIN0631206956
IRS990ScheduleI/RecipientTable/RecipientEIN1113418133
IRS990ScheduleI/RecipientTable/RecipientEIN2042103580
IRS990ScheduleI/RecipientTable/RecipientEIN3822970469
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01720 2ND AVE SOUTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1210 EAST 64TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21563 MASSACHUSETTS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31355 SAN PABLO STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BIRMINGHAM
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd035294
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110065
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd202138
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd390033
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION MAINTAINS WRITTEN DOCUMENTATION OF DISBURSEMENTS IN THEIR RECORDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleI/TotalOtherOrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 DISCUSSIONS AND IS FINAL 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: 1- HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY 2- HAS READ AND UNDERSTANDS THE POLICY 3- HAS AGREED TO COMPLY WITH THE POLICY, AND 4- UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE FORM 990 IS PROVIDED TO THE CHAIRMAN AND BOARD MEMBERS FOR REVIEW AND DISCUSSIONS PRIOR TO CPA FILING RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09661925
IRS990/TotalAssetsEOYAmt010435566
IRS990/TotalAssetsGrp/BOYAmt09661925
IRS990/TotalAssetsGrp/EOYAmt010435566
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0753249
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0229473
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156779
IRS990/TotalFunctionalExpensesGrp/TotalAmt0386252
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058977
IRS990/TotalLiabilitiesEOYAmt027848
IRS990/TotalLiabilitiesGrp/BOYAmt058977
IRS990/TotalLiabilitiesGrp/EOYAmt027848
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09602948
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010407718
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0156779
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0920641
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01673890
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09661925
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010435566
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt031325
IRS990/TravelGrp/TotalAmt031325

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