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The Macula Foundation INC

Tax-deductible

New York, NY501(c)(3)Since 1983Medical Research EIN 13-3156197Revenue $1.9M in FY2025

On file with the IRSmaculafoundation.org210 E 64th St, 10065-7471 · New York, NYTax-exempt since Jun 2024Publicly supported charity — 170(b)(1)(A)(vi)

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To prevent and restore vision loss by raising awareness about the Macula and furthering knowledge in the field with innovative research. Because of the impact on vision, our principal goals have been the study of age related macular degeneration, diabetic retinopathy and other retinal macular diseases.

501(c)(3) charity; gifts are tax-deductible.
16¢ of each $1 spent went to programs.
Run by 7 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $159K a year · 29% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
16%
of spending
Concern: 16% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
53 mo
of spending, in cash
Plus $15.3M in investments, Pt X · Ln 11–13
Looks good: 53.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $117K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$94K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
×11 vs prior year
Spent
$269K
To programs
16%
Net assets
$16.5M
By yearFY2019–FY2025
Revenue
$1.9M
FY2025▲ ×11
Tap a bar for its year
Revenue by fiscal year
FY2019$931K
FY2020$1.7M
FY2022−$2.0M
FY2024$174K
FY2025$1.9M
Expenses
$269K
FY2025▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2019$706K
FY2020$386K
FY2022$243K
FY2024$321K
FY2025$269K
Net assets
$16.5M
FY2025▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2019$9.6M
FY2020$10.4M
FY2022$10.2M
FY2024$11.6M
FY2025$16.5M

From the FY2025 Form 990 (year ending September 2025) · see the original

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Is it real?

Yes. Exemption reinstated (2024-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

16 cents of each dollar spent went to programs.

Program services 16% · $43K Management & general 84% · $226K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Dr Lawrence a Yannuzzi
Chairman/President
$0Pt VII · Sec A
Dr Kurt Gitter
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Macula Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Preventing and restoring vision loss through macula research and awareness.

Questions for The Macula Foundation INC

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Provided by the organization

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1 program · $43K · in their own filed words · FY2024
01

To provide grants and allocations to qualified instituions, organizations and individuals to support and promote research activities in macular associated diseases

$43Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
The Mertz Charitable Trust Ua #745176FY2024$80K
Donor Advised Charitable Giving INCFY2024$20K
The Brodsky Family FoundationFY2024$10K
Jophed Thomas FoundationFY2024$5K
Boehm Family Foundation INCFY2024$1K
Victoria Loconsolo Foundation INCFY2024$1K
Total grants receivedfrom 6 funders$117K
See all 6 funders →
Grants paid · 14 grants · $533K · 2018–2024
Genedx INCFY2024$7,200
International Retinal Imaging SocietyCA · FY2023$40,087
Bascom Palmer Eye InstituteFY2023$16,000
Northwell Health INCNY · FY2019$25,000
Unitemized GrantFY2019$24,365
Uab Department of OpthamologyAL · FY2019$22,725
International Retinal Imaging SocietyCA · FY2019$12,000
President and Fellows of Harvard CollegeMA · FY2019$10,000
Individual RecipientFY2019$5,576
Manhattan Eye Ear & Throat HospitalnorthhealthNY · FY2018$198,650
Manhattan Eye Ear & Throat HospitalnorthhealthNY · FY2018$74,500
Board of the University of AlabamaAL · FY2018$69,369
Unitemized GrantFY2018$22,631
American Ophthalmological SocietyCA · FY2018$5,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.9M
Ln 12
Investment incomeLn 3$1.7M
Gifts and grantsLn 1h$221K
Money outPt IX
$269K
Ln 25
Programscol B$43K
Managementcol C$226K
Owns and owesPt X
$16.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$16.6M
LiabilitiesLn 26$94K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$221K
Investment incomeLn 3$1.7M
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$15.3M
Land, buildings, equipmentLn 10c$109K
Total assetsLn 16$16.6M
LiabilitiesLn 26$94K
Net assetsLn 32$16.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 67
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$292K$1.2M
InvestmentsLn 11–13$14.7M$15.3M
Land, buildings, equipmentLn 10c$125K$109K
Total assetsLn 16$15.2M$16.6M
LiabilitiesLn 26$315K$94K
Net assetsLn 32$14.8M$16.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Legal feesLn 11b$4K$0$4K$0
Accounting feesLn 11c$32K$0$32K$0
Other fees for servicesLn 11g$793$0$793$0
Office expensesLn 13$15K$0$15K$0
TravelLn 17$102K$0$102K$0
Conferences, conventions and meetingsLn 19$41K$0$41K$0
Depreciation, depletion and amortizationLn 22$16K$0$16K$0
InsuranceLn 23$4K$0$4K$0
Other expenses (24a–d)Ln 24$39K$32K$7K$0
All other expensesLn 24e$4K$0$4K$0
Total functional expensesLn 25$269K$43K$226K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.9M$269K$1.6M$16.5M 990 PDF
FY2024 $174K$321K−$147K$11.6M 990 PDF
FY2023 Not on file
FY2022 −$2.0M$243K−$2.2M$10.2M 990 PDF
FY2021 Not on file
FY2020 $1.7M$386K$1.3M$10.4M 990 PDF
FY2019 $931K$706K$226K$9.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,891,816 revenue, 12 lines filed
I-8 Contributions and grants$220,862
I-9 Program service revenue$0
I-10 Investment income$1,670,954
I-11 Other revenue$0
I-12 Total revenue$1,891,816
I-13 Grants and similar amounts paid$10,875
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$258,008
I-18 Total expenses$268,883
I-19 Revenue less expenses$1,622,933
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,891,816 across 4 lines filed
VIII-1f All other contributions, gifts and grants$220,862
VIII-1h Total contributions, gifts and grants$220,862
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,670,954
VIII-12 Total revenueRelated to mission $1,670,954 · Unrelated business $0 · Excluded from tax $0$1,891,816
Part IX · Statement of functional expenses $268,883 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $10,875$10,875
IX-11b Legal feesPrograms $0 · Management $3,875 · Fundraising $0$3,875
IX-11c Accounting feesPrograms $0 · Management $32,500 · Fundraising $0$32,500
IX-11g Other fees for servicesPrograms $0 · Management $793 · Fundraising $0$793
IX-13 Office expensesPrograms $0 · Management $14,557 · Fundraising $0$14,557
IX-17 TravelPrograms $0 · Management $102,231 · Fundraising $0$102,231
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $40,878 · Fundraising $0$40,878
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $16,247 · Fundraising $0$16,247
IX-23 InsurancePrograms $0 · Management $4,339 · Fundraising $0$4,339
IX-24 Other expenses (24a–d)Programs $31,750 · Management $7,158 · Fundraising $0$38,908
IX-24e All other expensesPrograms $0 · Management $3,680 · Fundraising $0$3,680
IX-25 Total functional expensesPrograms $42,625 · Management $226,258 · Fundraising $0$268,883
Part X · Balance sheet $16,558,308 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $292,220$1,187,337
X-10c Land, buildings and equipment, netStart of year $124,914$108,667
X-11 Publicly traded securitiesStart of year $14,733,036$15,262,304
X-16 Total assetsStart of year $15,156,609$16,558,308
X-17 Accounts payable and accrued expenses$92,811
X-24 Unsecured notes and loans payable$1,284
X-26 Total liabilitiesStart of year $315,329$94,095
X-27 Net assets without donor restrictionsStart of year $13,910,185$15,533,118
X-28 Net assets with donor restrictionsStart of year $931,095$931,095
X-32 Total net assets or fund balancesStart of year $14,841,280$16,464,213
X-33 Total liabilities and net assetsStart of year $15,156,609$16,558,308
Part XI · Reconciliation of net assets $16,464,213 net assets at year end
XI-1 Total revenue$1,891,816
XI-2 Total expenses$268,883
XI-3 Revenue less expenses$1,622,933
XI-4 Net assets at start of year$14,841,280
XI-10 Net assets at end of year$16,464,213

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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