Civic Intelligence

Macula Vision Research Foundation

990 • Fiscal year 2017 • EIN 23-2876473

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 12, 2018

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

(610) 668-6705

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.10x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

92nd percentile

51%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$1,733,220

Up $567,429 (+49%) from 2016

Net Assets

Up

$1,552,773

Up $900,400 (+138%) from 2016

Liabilities

Down

$180,447

Down $332,971 (-65%) from 2016

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin92nd percentile

Revenue

Up

$1,677,364

Up $181,433 (+12%) from 2016

Expenses

Down

$823,042

Down $131,875 (-14%) from 2016

Net Income

Up

$854,322

Up $313,308 (+58%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2017

Assets$1,733,220
Liabilities$180,447
Net Assets$1,552,773
Open 2017 Filing

Operations Trend

Revenue Growth65th 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

2017

Revenue$1,677,364
Expenses$823,042
Net Income$854,322
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 12, 2018
Return Version
2016v3.0
Gross Receipts
$1,720,398
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$528,726$1,076,712▲ $547,986
Savings and Temporary Cash Investments$433,399$654,358▲ $220,959
Pledges and Grants Receivable$200,000$0▼ $200,000
Land, Buildings, and Equipment, Net$3,666$2,150▼ $1,516
Total Assets$1,165,791$1,733,220▲ $567,429
Liabilities
Grants Payable$400,000$150,000▼ $250,000
Other Liabilities$0$25,300▲ $25,300
Accounts Payable and Accrued Expenses$113,418$5,147▼ $108,271
Total Liabilities$513,418$180,447▼ $332,971
Net Assets / Fund Balance
Permanently Rstr Net Assets$500,000$1,000,000▲ $500,000
Unrestricted Net Assets$-76,353$376,061▲ $452,414
Temporarily Rstr Net Assets$228,726$176,712▼ $52,014
Total Net Assets Fund Balance$652,373$1,552,773▲ $900,400
Total Liabilities and Net Assets / Fund Balance$1,165,791$1,733,220▲ $567,429

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10$24,440$24,450
Leasehold Improvements$2,140$7,031$9,171

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$528,726$500,000▲ $59,753$11,767$1,076,712
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 PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn Prall GeorgeExecutive DirectorFT$195,000$17,386$212,386

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,663,327
Program Service Revenue
$0
Investment Income
$14,037
Other Revenue
$0
All Other Contributions
$1,463,327
Change in Net Assets
$854,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,677,364
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$46,078
Total Revenue per Audited Statements
$1,723,442
Total Revenue per Form 990
$1,677,364
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$333,484
Grants and Similar Amounts Paid$300,000
Other Expenses$189,558
Total Fundraising Expense$124,308
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,000--$300,000
Current Officers, Directors, Trustees, and Key Employees$125,957$40,081$49,273$215,311
Other Salaries and Wages$66,728$4,385$18,231$89,344
Office Expenses$35,283$11,030$16,471$62,784
Fees for Services Other$5,905$32,540$18,120$56,565
Occupancy$6,817$10,515$5,887$23,219
Payroll Taxes$14,134$2,420$3,620$20,174
Fees for Services Accounting-$13,000-$13,000
Travel$5,610$14$1,932$7,556
Insurance$4,006$1,637$1,091$6,734
Other Employee Benefits$2,589$431$2,049$5,069
Information Technology$64$1,785$2,589$4,438
Pension Plan Contributions$2,681$176$729$3,586
Other Expenses$83$1,926$4,316$1,926
Depreciation Depletion-$1,516-$1,516
Fees for Services Legal-$150-$150
Total Functional Expenses$569,857$128,877$124,308$823,042

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$823,042
Total Expenses per Audited Statements$823,042
Total Expenses per Form 990$823,042
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Scheie InstitutePhiladelphia, PA501(c)(3)Research$100,000
University of Pennsylvania School of MedicinePhiladelphia, PA501(c)(3)Research$100,000
Wistar InstitutePhiladelphia, PA501(c)(3)Research$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$25,300
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 11B

“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
6106686705
Address
100 FRONT STREET NO 300, WEST CONSHOHOCKEN, PA 19428

Signing Officer

Name
Shelly Lotman-fisher
Title
Board President
Phone
6106686705
Signed
2018-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly Lotman-fisher
Formed
1997
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
3
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. No liability for uncertain tax positions was recorded as of september 30, 2017.”

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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/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt046078
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05887
IRS990/OccupancyGrp/ManagementAndGeneralAmt010515
IRS990/OccupancyGrp/ProgramServicesAmt06817
IRS990/OccupancyGrp/TotalAmt023219
IRS990/OfficeExpensesGrp/FundraisingAmt016471
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011030
IRS990/OfficeExpensesGrp/ProgramServicesAmt035283
IRS990/OfficeExpensesGrp/TotalAmt062784
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02049
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0431
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02589
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05069
IRS990/OtherExpensesGrp/Desc0BOOKS AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/FundraisingAmt04316
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02213
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15058
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21926
IRS990/OtherExpensesGrp/ProgramServicesAmt083
IRS990/OtherExpensesGrp/TotalAmt06529
IRS990/OtherExpensesGrp/TotalAmt15141
IRS990/OtherExpensesGrp/TotalAmt21926
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt025300
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018231
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04385
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt066728
IRS990/OtherSalariesAndWagesGrp/TotalAmt089344
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03620
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02420
IRS990/PayrollTaxesGrp/ProgramServicesAmt014134
IRS990/PayrollTaxesGrp/TotalAmt020174
IRS990/PensionPlanContributionsGrp/FundraisingAmt0729
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0176
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02681
IRS990/PensionPlanContributionsGrp/TotalAmt03586
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0500000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01000000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHELLY LOTMAN-FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01482627
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0100000
IRS990/PYInvestmentIncomeAmt012269
IRS990/PYOtherExpensesAmt0485484
IRS990/PYOtherRevenueAmt01035
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0541014
IRS990/PYSalariesCompEmpBnftPaidAmt0369433
IRS990/PYTotalExpensesAmt0954917
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01495931
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0854322
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0433399
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0654358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01663327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01482627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02221376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02607935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01140350
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09115615
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt014150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012492
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0321
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048716
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51420
IRS990ScheduleA/PublicSupportPY170Pct00.44650
IRS990ScheduleA/PublicSupportTotal170Amt04712719
IRS990ScheduleA/SubstantialContributorsTotAmt04402896
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01663327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01482627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02221376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02607935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01140350
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09115615
IRS990ScheduleA/TotalSupportAmt09164331
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/ExplanationTxt0GRAY & OSCAR, LLC 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/TotalLobbyingExpendituresAmt048000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0528726
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0500000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01076712
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt059753
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt011767
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0500000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0528726
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt042364
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt013638
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0510644
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0500000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02202
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt012846
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0500000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0510644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017060
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt06416
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt010
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024440
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024450
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0823042
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02140
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07031
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09171
IRS990ScheduleD/NetUnrealizedGainsInvstAmt046078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ANNUITIES PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.92880
IRS990ScheduleD/RevenueNotReportedAmt046078
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01677364
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, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.07120
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02150
IRS990ScheduleD/TotalExpensesPerForm990Amt0823042
IRS990ScheduleD/TotalLiabilityAmt025300
IRS990ScheduleD/TotalRevenuePerForm990Amt01677364
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01723442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0823042
IRS990ScheduleI/GrantRecordsMaintainedInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,733,220
Liabilities
$180,447
Net assets
$1,552,773
Revenue
$1,677,364
Expenses
$823,042
Net income
$854,322
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
2017Detailed filing. Detailed filing data is available for this year.$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