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.
30¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
30%
of spending
Concern: 30% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
19 mo
of spending, in cash
Plus $11.2M in investments, Pt X · Ln 11–13
Looks good: 18.8 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
$198K
2% of total assets
Looks good: liabilities are 2% 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
$174K
+109% vs prior year
Spent
$321K
To programs
30%
Net assets
$11.6M
By yearFY2019–FY2025
Revenue
$174K
FY2024▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2019$931K
FY2020$1.7M
FY2022−$2.0M
FY2024$174K
FY2025$1.9M
Expenses
$321K
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2019$706K
FY2020$386K
FY2022$243K
FY2024$321K
FY2025$269K
Net assets
$11.6M
FY2024▲ +13%
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 FY2024 Form 990 (year ending September 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

30 cents of each dollar spent went to programs.

Program services 30% · $97K Management & general 70% · $224K

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 (FY2023); the FY2024 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.

Questions for The Macula Foundation INC

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Provided by the organization

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1 program · $97K · in their own filed words · FY2023
01

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

$97Kprogram 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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Gifts and grantsLn 1h$172K
Investment incomeLn 3$2K
Money outPt IX
$321K
Ln 25
Programscol B$97K
Managementcol C$224K
Owns and owesPt X
$11.6M
net assets · Ln 32
Cash and savingsLn 1–2$503K
Total assetsLn 16$11.8M
LiabilitiesLn 26$198K
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$172K
Investment incomeLn 3$2K
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$441K
Cash and savings togetherLn 1–2$503K
InvestmentsLn 11–13$11.2M
Land, buildings, equipmentLn 10c$125K
Total assetsLn 16$11.8M
LiabilitiesLn 26$198K
Net assetsLn 32$11.6M
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 FY24End FY24
Cash and savingsLn 1–2$353K$503K
InvestmentsLn 11–13$9.8M$11.2M
Land, buildings, equipmentLn 10c$115K$125K
Total assetsLn 16$10.2M$11.8M
LiabilitiesLn 26$36K$198K
Net assetsLn 32$10.2M$11.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$63K$63K
Grants to domestic individualsLn 2$7K$7K
Legal feesLn 11b$17K$0$17K$0
Office expensesLn 13$4K$0$4K$0
Information technologyLn 14$6K$0$6K$0
TravelLn 17$59K$0$59K$0
Conferences, conventions and meetingsLn 19$101K$0$101K$0
InterestLn 20$538$0$538$0
Depreciation, depletion and amortizationLn 22$16K$0$16K$0
InsuranceLn 23$5K$0$5K$0
Other expenses (24a–d)Ln 24$28K$12K$16K$0
All other expensesLn 24e$15K$14K$1K$0
Total functional expensesLn 25$321K$97K$224K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$269K$1.6M$16.5M 990 PDF
FY2024 Viewing $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 FY2024 990 (6 parts)
Part I · Summary $173,553 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $260,921$171,684
I-9 Program service revenue$0
I-10 Investment incomePrior year $427$1,869
I-11 Other revenue$0
I-12 Total revenuePrior year $261,348$173,553
I-13 Grants and similar amounts paidPrior year $86,600$70,172
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $227,502$250,500
I-18 Total expensesPrior year $314,102$320,672
I-19 Revenue less expensesPrior year −$52,754−$147,119
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 $173,553 across 4 lines filed
VIII-1f All other contributions, gifts and grants$171,684
VIII-1h Total contributions, gifts and grants$171,684
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,869
VIII-12 Total revenueRelated to mission $1,869 · Unrelated business $0 · Excluded from tax $0$173,553
Part IX · Statement of functional expenses $320,672 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $63,287$63,287
IX-2 Grants to domestic individualsPrograms $6,885$6,885
IX-11b Legal feesPrograms $0 · Management $16,525 · Fundraising $0$16,525
IX-13 Office expensesPrograms $0 · Management $3,552 · Fundraising $0$3,552
IX-14 Information technologyPrograms $0 · Management $5,742 · Fundraising $0$5,742
IX-17 TravelPrograms $0 · Management $59,001 · Fundraising $0$59,001
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $100,558 · Fundraising $0$100,558
IX-20 InterestPrograms $0 · Management $538 · Fundraising $0$538
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $16,491 · Fundraising $0$16,491
IX-23 InsurancePrograms $0 · Management $4,529 · Fundraising $0$4,529
IX-24 Other expenses (24a–d)Programs $12,401 · Management $15,684 · Fundraising $0$28,085
IX-24e All other expensesPrograms $14,449 · Management $1,030 · Fundraising $0$15,479
IX-25 Total functional expensesPrograms $97,022 · Management $223,650 · Fundraising $0$320,672
Part X · Balance sheet $11,813,435 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $84,857$61,704
X-2 Savings and temporary cash investmentsStart of year $268,304$440,874
X-4 Accounts receivableStart of year $2,672$3,023
X-10c Land, buildings and equipment, netStart of year $115,024$124,914
X-11 Publicly traded securitiesStart of year $9,760,907$11,182,920
X-16 Total assetsStart of year $10,231,764$11,813,435
X-17 Accounts payable and accrued expensesStart of year $36,440$197,924
X-26 Total liabilitiesStart of year $36,440$197,924
X-27 Net assets without donor restrictionsStart of year $9,243,597$10,663,784
X-28 Net assets with donor restrictionsStart of year $951,727$951,727
X-32 Total net assets or fund balancesStart of year $10,195,324$11,615,511
X-33 Total liabilities and net assetsStart of year $10,231,764$11,813,435
Part XI · Reconciliation of net assets $11,615,511 net assets at year end
XI-1 Total revenue$173,553
XI-2 Total expenses$320,672
XI-3 Revenue less expenses−$147,119
XI-4 Net assets at start of year$10,195,324
XI-10 Net assets at end of year$11,615,511

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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