Macula Foundation Inc
- Assets
- $10.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1983
- Data as of
- 09/2020
- EIN
- 13-3156197
Organization Overview
Macula Foundation Inc is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macula Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Macula Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $386.3k during the year ending 09/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Macula Foundation Inc has awarded 30 individual grants totaling $3,347,712. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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 SUCH AS CENTRAL SEROUS CHORIORETINOPATHY, PSEUDOXANTHOMA ELASTICUM, PATHOLOGICAL HIGH MYOPIC, AND MACULAR DEGENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS AND ALLOCATIONS TO QUALIFIED INSTITUTIONS, ORGANIZATIONS AND INDIVIDUALS TO SUPPORT AND PROMOTE RESEARCH ACTIVITIES IN MACULAR ASSOCIATED DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Lawrence A Yannuzzi Chairman/president | OfficerTrustee | 4 | $0 |
Dr Kurt Gitter Vice President | OfficerTrustee | 1 | $0 |
Jerry H Labowitz Treasurer | OfficerTrustee | 1 | $0 |
Mathew Trachtenberg Director | Trustee | 1 | $0 |
Dr Jack Dodick Director | Trustee | 1 | $0 |
Dr Nicolas Yannuzzi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $753,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,249 |
| Total Program Service Revenue | $0 |
| Investment income | $345,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $575,345 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,673,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,301 |
| Grants and other assistance to domestic individuals. | $24,365 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,091 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $93,142 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,355 |
| Office expenses | $12,199 |
| Information technology | $18,827 |
| Royalties | $0 |
| Occupancy | $3,351 |
| Travel | $31,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $491 |
| Insurance | $8,691 |
| All other expenses | $0 |
| Total functional expenses | $386,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,836 |
| Savings and temporary cash investments | $428,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,921 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,211 |
| Investments—publicly traded securities | $9,950,692 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,435,566 |
| Accounts payable and accrued expenses | $27,848 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,848 |
| Net assets without donor restrictions | $9,703,476 |
| Net assets with donor restrictions | $704,242 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,435,566 |
Grants Awarded
Over the last fiscal year, Macula Foundation Inc has awarded $75,301 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Westbury, NY PURPOSE: RESEARCH | $25,000 |
Birmingham, AL PURPOSE: RESEARCH - CURCIO PROJECT | $22,725 |
Los Angeles, CA PURPOSE: RESEARCH | $12,000 |
Cambridge, MA PURPOSE: RESEARCH | $10,000 |
VARIOUS OTHER DOMESTIC ORGANIZATIONS PURPOSE: RESEARCH | $5,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Macula Foundation Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Sharon And Lewis Korman Foundation New York, NY PURPOSE: FOR OPERATIONS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Autism Speaks Inc Princeton, NJ | $46,226,879 | $53,701,450 |
Service Coordination Unlimited Inc Pittsburgh, PA | $4,474,883 | $7,015,271 |
Integrate Health Inc Medway, MA | $11,519,968 | $5,602,759 |
Neuroendocrine Tumor Research Foundation Boston, MA | $26,608,419 | $8,207,303 |
Eagles Autism Challenge Inc Philadelphia, PA | $4,671,801 | $3,218,137 |
Hope & Heroes Childrens Cancer Fund New York, NY | $6,179,073 | $4,699,771 |
Sharsheret Inc Teaneck, NJ | $13,435,565 | $7,157,553 |
Town Fair Tire Foundation Inc East Haven, CT | $52,065,135 | $4,401,407 |
The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Cure Rare Disease Inc Boston, MA | $1,470,434 | $2,486,822 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Cookies For Kids Cancer Califon, NJ | $3,410,240 | $2,364,523 |