Civic Intelligence

Macula Vision Research Foundation

990 • Fiscal year 2015 • EIN 23-2876473

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 02, 2016

Organization ProfileWWW.MVRF.ORG
100 Front Street No 300West Conshohocken, PA 19428

(610) 234-0091

Siviq Scores

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

Liabilities / Assets

90th percentile

0.95x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.58x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

52nd percentile

3.2%

Higher net margin than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

89th percentile

$194,610

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

35th percentile

-2.4%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$1,369,701

Down $33,175 (-2.4%) from 2014

Net Assets

Up

$74,203

Up $53,751 (+263%) from 2014

Liabilities

Down

$1,295,498

Down $86,926 (-6.3%) from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin52nd percentile

Revenue

Down

$2,234,557

Down $384,373 (-15%) from 2014

Expenses

Down

$2,163,188

Down $675,298 (-24%) from 2014

Net Income

Up

$71,369

Up $290,925 (+133%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2011: $315,821Liabilities 2011: $1,160,821Net Assets 2011: -$845,0002011Assets 2012: $1,595,248Liabilities 2012: $1,752,137Net Assets 2012: -$156,8892012Assets 2013: $965,738Liabilities 2013: $734,525Net Assets 2013: $231,2132013Assets 2014: $1,402,876Liabilities 2014: $1,382,424Net Assets 2014: $20,4522014Assets 2015: $1,369,701Liabilities 2015: $1,295,498Net Assets 2015: $74,2032015Assets 2016: $1,165,791Liabilities 2016: $513,418Net Assets 2016: $652,3732016Assets 2017: $1,733,220Liabilities 2017: $180,447Net Assets 2017: $1,552,7732017Assets 2018: $352,557Liabilities 2018: $352,557Net Assets 2018: $02018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2015

Assets$1,369,701
Liabilities$1,295,498
Net Assets$74,203
Open 2015 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,175,812Expenses 2011: $2,678,790Net Income 2011: -$502,9782011Revenue 2012: $3,873,908Expenses 2012: $3,185,797Net Income 2012: $688,1112012Expenses 2013: $751,8222013Revenue 2014: $2,618,930Expenses 2014: $2,838,486Net Income 2014: -$219,5562014Revenue 2015: $2,234,557Expenses 2015: $2,163,188Net Income 2015: $71,3692015Revenue 2016: $1,495,931Expenses 2016: $954,917Net Income 2016: $541,0142016Revenue 2017: $1,677,364Expenses 2017: $823,042Net Income 2017: $854,3222017Revenue 2018: $1,300,370Expenses 2018: $221,895Net Income 2018: $1,078,4752018Revenue 2019: $1,807Expenses 2019: $1,807Net Income 2019: $02019

Highlighted filing

2015

Revenue$2,234,557
Expenses$2,163,188
Net Income$71,369
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$2,234,557
Mission and Program Overview

Mission

Macular degeneration vision research and public education toward curing vision related diseases

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$500,000$700,000▲ $200,000
Investments in Publicly Traded Securities$510,644$493,037▼ $17,607
Savings and Temporary Cash Investments$379,515$138,897▼ $240,618
Prepaid Expenses and Deferred Charges$6,000$32,575▲ $26,575
Land, Buildings, and Equipment, Net$6,717$5,192▼ $1,525
Total Assets$1,402,876$1,369,701▼ $33,175
Liabilities
Grants Payable$1,300,000$1,200,000▼ $100,000
Accounts Payable and Accrued Expenses$82,424$95,498▲ $13,074
Total Liabilities$1,382,424$1,295,498▼ $86,926
Net Assets / Fund Balance
Permanently Rstr Net Assets$500,000$500,000→ $0
Temporarily Rstr Net Assets$17,392$100,000▲ $82,608
Unrestricted Net Assets$-496,940$-525,797▼ $28,857
Total Net Assets Fund Balance$20,452$74,203▲ $53,751
Total Liabilities and Net Assets / Fund Balance$1,402,876$1,369,701▼ $33,175

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,829$22,621$24,450
Leasehold Improvements$3,363$5,808$9,171

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$510,644-▲ $2,202$12,846$500,000
2013-$500,000▲ $17,060$6,416$510,644
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleBaseTotal
Robert S Molday PhdDirector$50,000$50,000

Board Members and Trustees

NameTitle
Shelly FisherChairman/president
Jeffrey LotmanVice-president
Colin J Barnstable DphilDirector
Dean Bok PhdDirector
Philip J Rosenfeld Md PhdDirector
Roderick R Mcinnes Md PhdDirector
William W Hauswirth PhdDirector
Dawn Prall GeorgeExecutive Director
George GinaderAssistant Secretary/treasu
Karen LotmanSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,221,376
Program Service Revenue
$0
Investment Income
$13,181
Other Revenue
$0
All Other Contributions
$2,221,376
Change in Net Assets
$71,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,234,557
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-17,618
Total Revenue per Audited Statements
$2,216,939
Total Revenue per Form 990
$2,234,557
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,500,000
Salaries, Compensation, and Employee Benefits$358,299
Other Expenses$304,889
Total Fundraising Expense$118,259
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,100,000--$1,100,000
Foreign Grants$400,000--$400,000
Current Officers, Directors, Trustees, and Key Employees$129,898$40,938$33,852$204,688
Fees for Services Other$128,143$4,375$19,375$151,893
Other Salaries and Wages$49,418$33,555$36,668$119,641
Office Expenses$34,433$17,000$7,697$59,130
Occupancy$8,678$11,280$8,466$28,424
Payroll Taxes$11,570$6,155$4,844$22,569
Travel$10,914$1,905$1,321$14,140
Fees for Services Accounting-$13,000-$13,000
Conferences and Meetings$8,120--$8,120
Insurance$3,158$3,410$1,375$7,943
Other Employee Benefits$448$3,087$3,525$7,060
Advertising$4,764$1,572-$6,336
Information Technology$4,388--$4,388
Pension Plan Contributions$2,088$1,117$1,136$4,341
Depreciation Depletion-$1,526-$1,526
Fees for Services Legal-$1,500-$1,500
Other Expenses$792$335-$1,127
Total Functional Expenses$1,896,812$148,117$118,259$2,163,188

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,163,188
Total Expenses per Audited Statements$2,163,188
Total Expenses per Form 990$2,163,188
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Doheny Eye InstitutePasadena, CA501(c)(3)Research$300,000
Tufts Medical CenterBoston, MA501(c)(3)Research$300,000
Wistar InstitutePhiladelphia, PA501(c)(3)Research$300,000
Jules Stein Eye InstituteLos Angeles, CA501(c)(3)Research$50,000
Pennsylvania State UniversityHershey, PA501(c)(3)Research$50,000
University of FloridaGainsville, FL501(c)(3)Research$50,000
University of Miami Bascom Palmer Eye InstituteMiami, FL501(c)(3)Research$50,000

International Summary

Offices
0
Employees
0
Spending
$400,000

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
EuropeProgram ServicesGrantmaking00$300,000
North AmericaProgram ServicesGrantmaking00$100,000
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
Yes
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

“Board chair shelly lotman fisher and board of director jeffrey lotman are siblings. Board secretary/treasurer karen lotman is mother of shelly lotman-fisher and jeffrey lotman.”

Form 990, Part VI, Section B, Line 11

“The directors review audited financial statements and form 990 and discuss any relevant findings with the independent accountants. If there are any issues, they are corrected prior to issuance.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy is monitored by the president and executive director on an annual basis via email distribution of the policy to each board member. The board president reviews completed forms. Compliance is enforced by the executive director and the president of the board and discussed as an agenda item during periodic status update meetings.”

Form 990, Part VI, Section B, Line 15

“The board arranges for an independent survey (which means that the person receiving the compensation should not be part of the process) to conduct a comparability review. Mvrf prefers to use the executive committee of the board for this purpose. The mvrf executive committee reviews salary and benefits comps data, such available from salary and benefit surveys, to learn what national npo's of a similar budget size that are located in the same, or a similar geographic region, pay their senior leaders. They also review and weigh overall performance and leadership-based metrics. The mvrf executive committee documents who was involved and the process used to conduct the review, as well as the disposition of the board's decision to approve the executive director's compensation. The documentation demonstrates that the board acted responsibly when it approved the executive director/ceo compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available on guidestar.org and upon request”

Filing and Contact Details

Filer

Filer Name
Macula Vision Research Foundation
EIN
23-2876473
Phone
6102340091
Address
100 FRONT STREET NO 300, WEST CONSHOHOCKEN, PA 19428

Signing Officer

Name
Shelly Lotman-fisher
Title
Board President
Phone
6102340091
Signed
2016-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly Lotman-fisher
Formed
1997
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
9
Employees
5
Volunteers
50

Preparer

Firm
Isdaner & Company LLC
Address
THREE BALA PLAZA SUITE 501 WEST, BALA CYNWYD, PA 19004-3484
Preparer
Edward W Doran CPA
Phone
6106684200
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from prior year.”

Financial Statement Notes

PART V, LINE 4:

“Endowment fund established to provide funding for research grants in accordance with the mission of the foundation.”

PART X, LINE 2:

“Mvrf is exempt from tax under section 501(c)(3) of the internal revenue code. Mvrf recognizes tax benefits only if it is more likely than not that a tax position will be sustained upon examination. Tax years 2012 and forward remain subject to examination. No liability for uncertain tax positions was recorded as of september 30, 2015.”

Raw XML AppendixShowing 400 of 696 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MACULAR DEGENERATION VISION RESEARCH AND PUBLIC EDUCATION TOWARD CURING VISION RELATED DISEASES
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt020452
IRS990/NetAssetsOrFundBalancesEOYAmt074203
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-17618
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08466
IRS990/OccupancyGrp/ManagementAndGeneralAmt011280
IRS990/OccupancyGrp/ProgramServicesAmt08678
IRS990/OccupancyGrp/TotalAmt028424
IRS990/OfficeExpensesGrp/FundraisingAmt07697
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017000
IRS990/OfficeExpensesGrp/ProgramServicesAmt034433
IRS990/OfficeExpensesGrp/TotalAmt059130
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03525
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03087
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0448
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07060
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc2BOOKS AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04866
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12496
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2335
IRS990/OtherExpensesGrp/ProgramServicesAmt0792
IRS990/OtherExpensesGrp/TotalAmt04866
IRS990/OtherExpensesGrp/TotalAmt12496
IRS990/OtherExpensesGrp/TotalAmt21127
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036668
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt033555
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049418
IRS990/OtherSalariesAndWagesGrp/TotalAmt0119641
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04844
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06155
IRS990/PayrollTaxesGrp/ProgramServicesAmt011570
IRS990/PayrollTaxesGrp/TotalAmt022569
IRS990/PensionPlanContributionsGrp/FundraisingAmt01136
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01117
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02088
IRS990/PensionPlanContributionsGrp/TotalAmt04341
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0500000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0500000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0500000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0700000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032575
IRS990/PrincipalOfficerNm0SHELLY LOTMAN-FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02607935
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02060000
IRS990/PYInvestmentIncomeAmt08807
IRS990/PYOtherExpensesAmt0566737
IRS990/PYOtherRevenueAmt02188
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-219556
IRS990/PYSalariesCompEmpBnftPaidAmt0211749
IRS990/PYTotalExpensesAmt02838486
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02618930
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt071369
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0379515
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0138897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02221376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02607935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01140350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03871315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02174153
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012015129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0321
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01560
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt024050
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.40570
IRS990ScheduleA/PublicSupportPY170Pct00.40500
IRS990ScheduleA/PublicSupportTotal170Amt04884718
IRS990ScheduleA/SubstantialContributorsTotAmt07130411
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02221376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02607935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01140350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03871315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02174153
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012015129
IRS990ScheduleA/TotalSupportAmt012039179
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
IRS990ScheduleC/DirectContactLegislatorsInd00
IRS990ScheduleC/GrantsOtherOrganizationsAmt048000
IRS990ScheduleC/GrantsOtherOrganizationsInd01
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ROSCOMMON INTERNATIONAL ("THE FIRM") WILL UNDERTAKE GOVERNMENT RELATIONS AND CONSULTING SERVICES NECESSARY AND APPROPRIATE IN REPRESENTING MVRF WITH RESPECT TO DECISION MAKERS IN STATE AND LOCAL GOVERNMENT REGARDING POLITICAL SUPPORT FOR AND PROCUREMENT OF PUBLIC SECTOR FUNDING RELEVANT TO AND APPROPRIATE FOR THE CORE MISSION OF THE MVRF.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt048000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0510644
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0500000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02202
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt012846
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0500000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0510644
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017060
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt06416
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt01829
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022621
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024450
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02163188
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03363
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05808
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09171
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-17618
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0-17618
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02234557
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUND ESTABLISHED TO PROVIDE FUNDING FOR RESEARCH GRANTS IN ACCORDANCE WITH THE MISSION OF THE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MVRF IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MVRF RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION. TAX YEARS 2012 AND FORWARD REMAIN SUBJECT TO EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF SEPTEMBER 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05192
IRS990ScheduleD/TotalExpensesPerForm990Amt02163188
IRS990ScheduleD/TotalRevenuePerForm990Amt02234557
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02216939
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02163188
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0100000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1300000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1GRANTMAKING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,369,701
Liabilities
$1,295,498
Net assets
$74,203
Revenue
$2,234,557
Expenses
$2,163,188
Net income
$71,369
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.35$0.00$1.30$0.22$1.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.18$1.55$1.68$0.82$0.85
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.51$0.65$1.50$0.95$0.54
2015Detailed filing. Detailed filing data is available for this year.$1.37$1.30$0.07$2.23$2.16$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.40$1.38$0.02$2.62$2.84$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.73$0.23$0.75
2012Summary only. Only limited summary data is available for this year.$1.60$1.75$0.16$3.87$3.19$0.69
2011Summary only. Only limited summary data is available for this year.$0.32$1.16$0.85$2.18$2.68$0.50