Macular Disease Foundation Inc
- Assets
- $162.2k
- Revenue
- $1.8k
- Investments
- $124.7k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 54-1558130
Organization Overview
Macular Disease Foundation Inc is located in Virginia Beach, VA. The organization was established in 2003. According to its NTEE Classification (P86) the organization is classified as: Blind & Visually Impaired Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Macular Disease 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROMOTE VISUAL, VOCATIONAL, SOCIAL AND EDUCATIONAL REHABILITATION OF PERSONS AND FAMILIES WITH MACULAR DISEASES AND OTHER VISUAL HANDICAPS IN THE COMMONWEALTH OF VIRGINIA, THE DISTRICT OF COLUMBIA AND MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark W Bragg President | 2 | $0 | |
Edward Conner Board Member | 2 | $0 | |
Andrey Swystun Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $552 |
| Dividends & Interest | $620 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $480 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,022 |
| Total operating and administrative expenses | $3,403 |
| Contributions, gifts, grants paid | $7,300 |
| Total expenses and disbursements | $10,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,060 |
| Savings and temporary cash investments | $34,397 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $162,175 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Macular Disease Foundation Inc has awarded $5,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LVRC PURPOSE: RESEARCH | $5,500 |
HADLEY INSTITUTE FOR THE BLIND PURPOSE: RESEARCH | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbia Lighthouse For The Blind Washington, DC | $2,566,703 | $5,984,616 |
American Brotherhood For The Blind Dba Blind Children And Adults Baltimore, MD | $40,761,646 | $7,116,152 |
Paws4people Inc Wilmington, NC | $15,578,958 | $1,702,258 |
Business Opportunities For The Blind Inc Henrico, VA | $4,301,602 | $3,162,870 |
L C Industries Foundation Durham, NC | $70,225,807 | $7,494,768 |
Blinded Veterans Association Alexandria, VA | $12,546,357 | $1,740,081 |
Jacobus Ten Broek Memorial Endowment Fund Baltimore, MD | $22,280,085 | $1,332,977 |
National Society To Prevent Blindness Raleigh, NC | $4,515,037 | $1,534,754 |
North Carolina Lions Incorporated Sherrills Ford, NC | $6,692,938 | $2,448,979 |
Vons Vision Inc Florence, KY | $2,556,546 | $1,445,752 |
Canines For Service Inc Wilmington, NC | $1,312,732 | $749,548 |
Smoky Mountain Service Dogs Loudon, TN | $5,908,676 | $1,151,192 |