Macula Society Inc
- Assets
- $5.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Pepper Pike, OH
- Founding
- 01/1988
- Data as of
- 12/2023
- EIN
- 34-1319823
Organization Overview
Macula Society Inc is located in Pepper Pike, OH. The organization was established in 1988. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Macula Society Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macula Society 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 12/2023, Macula Society Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE STUDY OF RETINAL-VASCULAR AND MACULAR DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A VEHICLE FOR RESEARCH, COOPERATIVE STUDIES, DATA AND INFORMATION ACCUMULATION AND DISSEMINATION WITH RESPECT TO RETINAL-VASCULAR AND MACULAR DISEASES FOR APPROXIMATELY 586 MEMBERS. TO PROVIDE A FORUM FOR THE EXCHANGE OF IDEAS AND INFORMATION AMONG OPHTHALMOLOGISTS WITH SPECIFIC INTEREST IN THE MANAGEMENT OF RETINAL-VASCULAR AND MACULAR DISEASES. PROVIDING SUB-SPECIALTY EDUCATIONAL SERVICES FOR THE AMERICAN ACADEMY OF OPHTHALMOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Singerman Chief Operating Officer | Officer | 40 | $200,454 |
Daniel F Martin MD President | OfficerTrustee | 1 | $0 |
Lawrence J Singerman MD Executive Secretary | OfficerTrustee | 1 | $0 |
Srinivas R Sadda MD President-Elect | OfficerTrustee | 1 | $0 |
Julia A Haller MD Secretary | OfficerTrustee | 1 | $0 |
Judy E Kim MD Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $157,285 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,631 |
| Total Program Service Revenue | $1,014,600 |
| Investment income | $125,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,694,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,950 |
| Grants and other assistance to domestic individuals. | $197,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,643 |
| Compensation of current officers, directors, key employees. | $116,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,446 |
| Pension plan accruals and contributions | $278 |
| Other employee benefits | $4,212 |
| Payroll taxes | $22,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,505 |
| Fees for services: Accounting | $20,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,868 |
| Advertising and promotion | $0 |
| Office expenses | $12,457 |
| Information technology | $8,552 |
| Royalties | $0 |
| Occupancy | $27,158 |
| Travel | $183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,014,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,733 |
| Insurance | $3,689 |
| All other expenses | $0 |
| Total functional expenses | $1,693,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,166,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $195,153 |
| Net Land, buildings, and equipment | $7,218 |
| Investments—publicly traded securities | $4,430,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,795 |
| Total assets | $5,840,860 |
| Accounts payable and accrued expenses | $14,003 |
| 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 | $42,507 |
| Total liabilities | $56,510 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $5,784,350 |
| Total liabilities and net assets/fund balances | $5,840,860 |