The Macula Foundation INC FY2019 filing

Tax-deductible

New York, NY501(c)(3)Since 1983Medical ResearchEIN 13-3156197

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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.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $207K a year · 100% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 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
$59K
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
$931K
Spent
$706K
To programs
70%
Net assets
$9.6M
By yearFY2019–FY2024
Revenue
$931K
FY2019
Revenue by fiscal year
FY2019$931K
FY2020$1.7M
FY2022−$2.0M
FY2024$174K
FY2024$1.9M
Expenses
$706K
FY2019
Expenses by fiscal year
FY2019$706K
FY2020$386K
FY2022$243K
FY2024$321K
FY2024$269K
Net assets
$9.6M
FY2019
Net assets by fiscal year
FY2019$9.6M
FY2020$10.4M
FY2022$10.2M
FY2024$11.6M
FY2024$16.5M

From the FY2019 Form 990 (year ending September 2019) · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2024-02-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2024.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $497K Management & general 30% · $208K

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 (FY2018); the FY2019 filing did not itemize Part VII
Chairman/President
$0Pt VII · Sec A
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.

Provided by the organization

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1 program service account for $497K of program spending, described in the organization's own filed words · FY2018.
01

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

$497Kprogram expense

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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
See all 6 funders →
Grants paid · 14 grants · $533K · 2018–2024
Genedx INCFY2024$7,200
Bascom Palmer Eye InstituteFY2023$16,000
Northwell Health INCNY · FY2019$25,000
Unitemized GrantFY2019$24,365
Uab Department of OpthamologyAL · FY2019$22,725
Individual RecipientFY2019$5,576
Manhattan Eye Ear & Throat HospitalnorthhealthNY · FY2018$198,650
Manhattan Eye Ear & Throat HospitalnorthhealthNY · FY2018$74,500
Unitemized GrantFY2018$22,631

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$931K
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$227K
Money outPt IX
$706K
Ln 25
Programscol B$497K
Managementcol C$208K
Owns and owesPt X
$9.6M
net assets · Ln 32
Cash and savingsLn 1–2$380K
Total assetsLn 16$9.7M
LiabilitiesLn 26$59K
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$1.0M
Noncash giftsLn 1g$131K
Investment incomeLn 3$227K
Gains on assetsLn 7−$309K
Total revenueLn 12$931K
Assets in detailPt X, end of year
CashLn 1$278K
SavingsLn 2$103K
Cash and savings togetherLn 1–2$380K
InvestmentsLn 11–13$9.3M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$9.7M
LiabilitiesLn 26$59K
Net assetsLn 32$9.6M
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 FY19End FY19
Cash and savingsLn 1–2$3.0M$380K
InvestmentsLn 11–13$6.1M$9.3M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$9.0M$9.7M
LiabilitiesLn 26$23K$59K
Net assetsLn 32$9.0M$9.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$358K$358K
Grants to domestic individualsLn 2$23K$23K
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$72K$72K
Other fees for servicesLn 11g$34K$34K
Office expensesLn 13$25K$25K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$125K$112K$13K
Depreciation, depletion and amortizationLn 22$491$491
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$22K$4K$18K
Total functional expensesLn 25$706K$497K$208K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $931K$706K$226K$9.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (4 parts)
Part VIII · Statement of revenue $931,384 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,013,418
VIII-1g Noncash contributions (included above)$130,856
VIII-1h Total contributions, gifts and grants$1,013,418
VIII-3 Investment incomeExcluded from tax $227,313$227,313
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$309,347−$309,347
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$82,034$931,384
Part IX · Statement of functional expenses $705,552 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $358,451$358,451
IX-2 Grants to domestic individualsPrograms $22,631$22,631
IX-11c Accounting feesManagement $27,400$27,400
IX-11f Investment management feesManagement $71,862$71,862
IX-11g Other fees for servicesManagement $34,189$34,189
IX-13 Office expensesManagement $25,140$25,140
IX-17 TravelManagement $11,344$11,344
IX-19 Conferences, conventions and meetingsPrograms $112,425 · Management $12,735$125,160
IX-22 Depreciation, depletion and amortizationManagement $491$491
IX-23 InsuranceManagement $7,240$7,240
IX-24 Other expenses (24a–d)Programs $3,612 · Management $18,032$21,644
IX-25 Total functional expensesPrograms $497,119 · Management $208,433 · Fundraising $0$705,552
Part X · Balance sheet $9,661,925 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $344,879$277,656
X-2 Savings and temporary cash investmentsStart of year $2,616,472$102,819
X-4 Accounts receivable$1,800
X-10c Land, buildings and equipment, netStart of year $3,193$2,702
X-11 Publicly traded securitiesStart of year $6,066,057$9,276,948
X-16 Total assetsStart of year $9,030,601$9,661,925
X-17 Accounts payable and accrued expensesStart of year $23,000$58,977
X-26 Total liabilitiesStart of year $23,000$58,977
X-32 Total net assets or fund balancesStart of year $9,007,601$9,602,948
X-33 Total liabilities and net assetsStart of year $9,030,601$9,661,925
Part XI · Reconciliation of net assets $9,602,948 net assets at year end
XI-1 Total revenue$931,384
XI-2 Total expenses$705,552
XI-3 Revenue less expenses$225,832
XI-4 Net assets at start of year$9,007,601
XI-5 Net unrealized gains (losses) on investments$369,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,602,948

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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