Civic Intelligence

Macula Vision Research Foundation

990 • Fiscal year 2018 • EIN 23-2876473

Oct 01, 2017 to Sep 30, 2018 • Filed on Jun 05, 2019

100 Front Street No 300West Conshohocken, PA 19428

(610) 234-0090

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.27x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$216,437

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-80%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-22%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$352,557

Down $1,380,663 (-80%) from 2017

Net Assets

Down

$0

Down $1,552,773 (-100%) from 2017

Liabilities

Up

$352,557

Up $172,110 (+95%) from 2017

Revenue

Down

$1,300,370

Down $376,994 (-22%) from 2017

Expenses

Down

$221,895

Down $601,147 (-73%) from 2017

Net Income

Up

$1,078,475

Up $224,153 (+26%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$352,557
Liabilities$352,557
Net Assets$0

Operations Trend

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

2018

Revenue$1,300,370
Expenses$221,895
Net Income$1,078,475
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jun 5, 2019
Return Version
2017v2.3
Gross Receipts
$2,377,392
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$1,076,712--
Pledges and Grants Receivable-$200,000-
Savings and Temporary Cash Investments$654,358$152,557▼ $501,801
Land, Buildings, and Equipment, Net$2,150$0▼ $2,150
Total Assets$1,733,220$352,557▼ $1,380,663
Liabilities
Grants Payable$150,000$352,557▲ $202,557
Other Liabilities$25,300$0▼ $25,300
Accounts Payable and Accrued Expenses$5,147--
Total Liabilities$180,447$352,557▲ $172,110
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,000,000$0▼ $1,000,000
Unrestricted Net Assets$376,061$0▼ $376,061
Temporarily Rstr Net Assets$176,712$0▼ $176,712
Total Net Assets Fund Balance$1,552,773$0▼ $1,552,773
Total Liabilities and Net Assets / Fund Balance$1,733,220$352,557▼ $1,380,663

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$24,450$24,450
Leasehold Improvements$0$9,171$9,171

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,076,712$120,806▲ $35,367--
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

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn Prall GeorgeExecutive DirectorFT$195,000$21,437$216,437

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
$1,262,991
Program Service Revenue
$0
Investment Income
$35,475
Other Revenue
$1,904
All Other Contributions
$1,062,991
Change in Net Assets
$1,078,475

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,298,466
Revenue Not Reported on Financial Statements
$1,904
Revenue Not Reported on Form 990
$340,992
Other Revenue Adjustments
$1,904
Total Revenue per Audited Statements
$1,639,458
Total Revenue per Form 990
$1,300,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$100,000
Salaries, Compensation, and Employee Benefits$63,306
Other Expenses$58,589
Total Fundraising Expense$32,105
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$100,000--$100,000
Current Officers, Directors, Trustees, and Key Employees$28,987$8,958$11,011$48,956
Fees for Services Other$8,902$4,000$8,510$21,412
Other Salaries and Wages$12,097--$12,097
Fees for Services Accounting-$10,000-$10,000
Office Expenses$1,029$84$7,742$8,855
Depreciation Depletion-$2,150-$2,150
Payroll Taxes$1,063$232$285$1,580
Information Technology$600$665-$1,265
Travel$1,026--$1,026
Occupancy$349$505$109$963
Other Expenses$1,238$280$400$680
Insurance$384$82$103$569
Pension Plan Contributions$327$71$88$486
Other Employee Benefits$126$26$35$187
Total Functional Expenses$157,263$32,527$32,105$221,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$560,983
Expenses Not Reported on Form 990$340,992
Total Expenses per Form 990$221,895
Expenses per Audited Statements$219,991
Expenses Not Reported on Financial Statements$1,904
Other Expense Adjustments$1,904
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Pennsylvania School of MedicinePhiladelphia, 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
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
6102340090
Address
100 FRONT STREET NO 300, WEST CONSHOHOCKEN, PA 19428

Signing Officer

Name
Shelly Lotman-fisher
Title
Board President
Phone
6102340090
Signed
2019-06-05
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
0

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 XI, LINE 9:

Assets donated during dissolution -2,631,248.

Form 990, Part XII, Line 2C

The process has not changed from prior year.

2017 Form 990 - Dissolution

In december 2017, the board of directors elected to cease operations, and the foundation entered into an agreement to make a charitable gift of substantially all assets to the raymond and ruth perelman school of medicine of the university of pennsylvania. The university agreed to use the proceeds to establish endowed funds to provide financial support to macula vision and macular degeneration research performed in the department of opthamology. Assets of $2,631,248 were donated as of september 30, 2018.

Financial Statement Notes

PART V, LINE 4:

Endowment fund established to provide funding for research grants in accordance with the mission of the foundation. In accordance with a gift agreement to donate assets realized during the dissolution of the foundation, all permanently restricted net assets were transferred to upenn during the year ended september 30, 2018 to establish the brewer fund of the macula vision research foundation within the department of opthamology at the raymand and ruth perelman school of medicine at upenn.

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.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Prior year grant expense returned 1,904.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Prior year grant returned 1,904.

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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/NoncashContributionsAmt02305
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0109
IRS990/OccupancyGrp/ManagementAndGeneralAmt0505
IRS990/OccupancyGrp/ProgramServicesAmt0349
IRS990/OccupancyGrp/TotalAmt0963
IRS990/OfficeExpensesGrp/FundraisingAmt07742
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt084
IRS990/OfficeExpensesGrp/ProgramServicesAmt01029
IRS990/OfficeExpensesGrp/TotalAmt08855
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-2631248
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt035
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0126
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0187
IRS990/OtherExpensesGrp/Desc0PRINTING AND COPYING
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3BOOKS AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt03320
IRS990/OtherExpensesGrp/FundraisingAmt1502
IRS990/OtherExpensesGrp/FundraisingAmt2400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01280
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12299
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21895
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3280
IRS990/OtherExpensesGrp/ProgramServicesAmt01135
IRS990/OtherExpensesGrp/ProgramServicesAmt11238
IRS990/OtherExpensesGrp/TotalAmt05735
IRS990/OtherExpensesGrp/TotalAmt14039
IRS990/OtherExpensesGrp/TotalAmt21895
IRS990/OtherExpensesGrp/TotalAmt3680
IRS990/OtherLiabilitiesGrp/BOYAmt025300
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01904
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01904
IRS990/OtherRevenueTotalAmt01904
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012097
IRS990/OtherSalariesAndWagesGrp/TotalAmt012097
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd01
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0285
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0232
IRS990/PayrollTaxesGrp/ProgramServicesAmt01063
IRS990/PayrollTaxesGrp/TotalAmt01580
IRS990/PensionPlanContributionsGrp/FundraisingAmt088
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt071
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0327
IRS990/PensionPlanContributionsGrp/TotalAmt0486
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01000000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHELLY LOTMAN-FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01663327
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0300000
IRS990/PYInvestmentIncomeAmt014037
IRS990/PYOtherExpensesAmt0189558
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0854322
IRS990/PYSalariesCompEmpBnftPaidAmt0333484
IRS990/PYTotalExpensesAmt0823042
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01677364
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01078475
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0654358
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01262991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01663327
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01482627
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02221376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02607935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09238256
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt014150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt012492
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012995
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08758
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt055455
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52380
IRS990ScheduleA/PublicSupportPY170Pct00.51420
IRS990ScheduleA/PublicSupportTotal170Amt04867935
IRS990ScheduleA/SubstantialContributorsTotAmt04370321
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01262991
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01663327
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01482627
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02221376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02607935
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09238256
IRS990ScheduleA/TotalSupportAmt09293711
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsInd00
IRS990ScheduleC/GrantsOtherOrganizationsAmt020000
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/TotalLobbyingExpendituresAmt020000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01076712
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0120806
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01232885
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt035367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0528726
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0500000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01076712
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059753
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt011767
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0500000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0528726
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt042364
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt013638
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0510644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0500000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02202
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt012846
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0500000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0510644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017060
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06416
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0340992
IRS990ScheduleD/DonatedServicesUseFcltsAmt0340992
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024450
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024450
IRS990ScheduleD/ExpensesNotReportedAmt0340992
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01904
IRS990ScheduleD/ExpensesSubtotalAmt0219991
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09171
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09171
IRS990ScheduleD/OtherExpensesNotIncludedAmt01904
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01904
IRS990ScheduleD/RevenueNotReportedAmt0340992
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01904
IRS990ScheduleD/RevenueSubtotalAmt01298466
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUND ESTABLISHED TO PROVIDE FUNDING FOR RESEARCH GRANTS IN ACCORDANCE WITH THE MISSION OF THE FOUNDATION. IN ACCORDANCE WITH A GIFT AGREEMENT TO DONATE ASSETS REALIZED DURING THE DISSOLUTION OF THE FOUNDATION, ALL PERMANENTLY RESTRICTED NET ASSETS WERE TRANSFERRED TO UPENN DURING THE YEAR ENDED SEPTEMBER 30, 2018 TO ESTABLISH THE BREWER FUND OF THE MACULA VISION RESEARCH FOUNDATION WITHIN THE DEPARTMENT OF OPTHAMOLOGY AT THE RAYMAND AND RUTH PERELMAN SCHOOL OF MEDICINE AT UPENN.
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/ExplanationTxt2PRIOR YEAR GRANT EXPENSE RETURNED 1,904.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PRIOR YEAR GRANT RETURNED 1,904.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0221895
IRS990ScheduleD/TotalRevenuePerForm990Amt01300370
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01639458
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0560983

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