Civic Intelligence

Macula Vision Research Foundation

990 • Fiscal year 2016 • EIN 23-2876473

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 02, 2017

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

77th percentile

0.44x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.34x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

88th percentile

36%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$205,187

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 13.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

9th percentile

-15%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$1,165,791

Down $203,910 (-15%) from 2015

Net Assets

Up

$652,373

Up $578,170 (+779%) from 2015

Liabilities

Down

$513,418

Down $782,080 (-60%) from 2015

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin88th percentile

Revenue

Down

$1,495,931

Down $738,626 (-33%) from 2015

Expenses

Down

$954,917

Down $1,208,271 (-56%) from 2015

Net Income

Up

$541,014

Up $469,645 (+658%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2016

Assets$1,165,791
Liabilities$513,418
Net Assets$652,373
Open 2016 Filing

Operations Trend

Revenue Growth10th 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

2016

Revenue$1,495,931
Expenses$954,917
Net Income$541,014
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$1,515,468
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$493,037$528,726▲ $35,689
Savings and Temporary Cash Investments$138,897$433,399▲ $294,502
Pledges and Grants Receivable$700,000$200,000▼ $500,000
Prepaid Expenses and Deferred Charges$32,575--
Land, Buildings, and Equipment, Net$5,192$3,666▼ $1,526
Total Assets$1,369,701$1,165,791▼ $203,910
Liabilities
Grants Payable$1,200,000$400,000▼ $800,000
Accounts Payable and Accrued Expenses$95,498$113,418▲ $17,920
Total Liabilities$1,295,498$513,418▼ $782,080
Net Assets / Fund Balance
Permanently Rstr Net Assets$500,000$500,000→ $0
Temporarily Rstr Net Assets$100,000$228,726▲ $128,726
Unrestricted Net Assets$-525,797$-76,353▲ $449,444
Total Net Assets Fund Balance$74,203$652,373▲ $578,170
Total Liabilities and Net Assets / Fund Balance$1,369,701$1,165,791▼ $203,910

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$915$23,535$24,450
Leasehold Improvements$2,751$6,420$9,171

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$500,000-▲ $42,364$13,638$528,726
2014$510,644-▲ $2,202$12,846$500,000
2013-$500,000▲ $17,060$6,416$510,644
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleBaseTotal
Robert S Molday PhdDirector$12,500$12,500

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
$1,482,627
Program Service Revenue
$0
Investment Income
$12,269
Other Revenue
$1,035
All Other Contributions
$1,282,627
Change in Net Assets
$541,014

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,495,931
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$37,156
Total Revenue per Audited Statements
$1,533,087
Total Revenue per Form 990
$1,495,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,484
Salaries, Compensation, and Employee Benefits$369,433
Total Fundraising Expense$140,465
Grants and Similar Amounts Paid$100,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$137,564$30,717$53,214$221,495
Conferences and Meetings$213,277--$213,277
Other Salaries and Wages$70,448$15,102$29,759$115,309
Foreign Grants$100,000--$100,000
Office Expenses$45,669$19,468$24,456$89,593
Fees for Services Other$43,228$2,794$13,345$59,367
Occupancy$8,274$12,388$8,247$28,909
Travel$20,318$1,568$153$22,039
Payroll Taxes$14,674$2,569$4,578$21,821
Fees for Services Accounting-$13,000-$13,000
Information Technology$8,758$1,270$376$10,404
Insurance$4,303$2,493$1,605$8,401
Other Employee Benefits$3,460$682$1,970$6,112
Pension Plan Contributions$2,878$613$1,205$4,696
Fees for Services Legal-$3,086-$3,086
Other Expenses$250$2,267$237$2,267
Depreciation Depletion-$1,526-$1,526
Total Functional Expenses$675,011$139,441$140,465$954,917

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$954,917
Total Expenses per Audited Statements$954,917
Total Expenses per Form 990$954,917
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$100,000

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$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
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
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
2017-02-02
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
3
Volunteers
60

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. No liability for uncertain tax positions was recorded as of september 30, 2016.”

Raw XML AppendixShowing 400 of 634 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/NetAssetsOrFundBalancesEOYAmt0652373
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-223
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-223
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt037156
IRS990/NoncashContributionsAmt019537
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08247
IRS990/OccupancyGrp/ManagementAndGeneralAmt012388
IRS990/OccupancyGrp/ProgramServicesAmt08274
IRS990/OccupancyGrp/TotalAmt028909
IRS990/OfficeExpensesGrp/FundraisingAmt024456
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019468
IRS990/OfficeExpensesGrp/ProgramServicesAmt045669
IRS990/OfficeExpensesGrp/TotalAmt089593
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01970
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0682
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03460
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06112
IRS990/OtherExpensesGrp/Desc0HONORARIUMS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BOOKS AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/FundraisingAmt01320
IRS990/OtherExpensesGrp/FundraisingAmt1237
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15867
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22031
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32267
IRS990/OtherExpensesGrp/ProgramServicesAmt01910
IRS990/OtherExpensesGrp/ProgramServicesAmt1250
IRS990/OtherExpensesGrp/TotalAmt022000
IRS990/OtherExpensesGrp/TotalAmt19097
IRS990/OtherExpensesGrp/TotalAmt22518
IRS990/OtherExpensesGrp/TotalAmt32267
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01035
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01035
IRS990/OtherRevenueTotalAmt01035
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029759
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015102
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt070448
IRS990/OtherSalariesAndWagesGrp/TotalAmt0115309
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04578
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02569
IRS990/PayrollTaxesGrp/ProgramServicesAmt014674
IRS990/PayrollTaxesGrp/TotalAmt021821
IRS990/PensionPlanContributionsGrp/FundraisingAmt01205
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0613
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02878
IRS990/PensionPlanContributionsGrp/TotalAmt04696
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0500000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0500000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0700000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032575
IRS990/PrincipalOfficerNm0SHELLY LOTMAN-FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02221376
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01500000
IRS990/PYInvestmentIncomeAmt013181
IRS990/PYOtherExpensesAmt0304889
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt071369
IRS990/PYSalariesCompEmpBnftPaidAmt0358299
IRS990/PYTotalExpensesAmt02163188
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02234557
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0541014
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0138897
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0433399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01482627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02221376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02607935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01140350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03871315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011323603
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012492
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0321
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034982
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44650
IRS990ScheduleA/PublicSupportPY170Pct00.40570
IRS990ScheduleA/PublicSupportTotal170Amt05071328
IRS990ScheduleA/SubstantialContributorsTotAmt06252275
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01482627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02221376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02607935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01140350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03871315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011323603
IRS990ScheduleA/TotalSupportAmt011358585
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/GrantsOtherOrganizationsAmt040000
IRS990ScheduleC/GrantsOtherOrganizationsInd01
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ROSCOMMON INTERNATIONAL,FOLLOWED BY GRAY & OSCAR IN APRIL 2016, UNDERTOOK 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/TotalLobbyingExpendituresAmt040000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0500000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0528726
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt042364
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt013638
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0510644
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0500000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02202
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt012846
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0500000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0510644
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017060
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt06416
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0915
IRS990ScheduleD/EquipmentGrp/DepreciationAmt023535
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024450
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0954917
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02751
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06420
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09171
IRS990ScheduleD/NetUnrealizedGainsInvstAmt037156
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.94570
IRS990ScheduleD/RevenueNotReportedAmt037156
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01495931
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. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF SEPTEMBER 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.05430
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03666
IRS990ScheduleD/TotalExpensesPerForm990Amt0954917
IRS990ScheduleD/TotalRevenuePerForm990Amt01495931

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,165,791
Liabilities
$513,418
Net assets
$652,373
Revenue
$1,495,931
Expenses
$954,917
Net income
$541,014
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
2016Detailed filing. Detailed filing data is available for this year.$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