Form 990 for tax year 2024
Filed by MASSACHUSETTS LIONS EYE RESEARCH FUND INC.
Totals
- Total revenue
- $1,024,397
- Total expenses
- $1,076,079
- Contributions and grants received
- $869,728
- Grants paid
- $1,020,000
- Program service revenue
- $0
- Investment income
- $154,669
- Other revenue
- $0
- Total assets, end of year
- $3,827,346
- Total liabilities, end of year
- $939,500
- Net assets or fund balances, end of year
- $2,887,846
- Program services expenses (Part IX)
- $1,031,826
- Management and general expenses
- $44,253
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,031,826
Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$869,728
-
3 · Investment income
total $99,728 · excluded $99,728
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $224,956
-
7b · Less cost or other basis and sales expenses
securities $170,015
-
7c · Gain or loss
securities $54,941
-
7d · Net gain or loss
total $54,941 · excluded $54,941
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,020,000 · program services $1,020,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $19,764 · management and general $19,764
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $16,492 · management and general $16,492
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: MISCELLANEOUS
total $5,040 · management and general $5,040
-
24b · Other expenses: AWARDS/GIFTS
total $4,279 · program services $4,279
-
24c · Other expenses: MEETING EXPENSE
total $3,953 · program services $3,953
-
24d · Other expenses: PUBLIC RELATIONS
total $2,599 · program services $2,599
-
24e · All other expenses
total $3,952 · program services $995 · management and general $2,957
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,084,485 · end of year $2,047,431
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,588,256 · end of year $1,779,915
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $19,500 · end of year $19,500
-
18 · Grants payable
beginning of year $780,000 · end of year $920,000
-
27 · Net assets without donor restrictions
beginning of year $121,857 · end of year $204,937
-
28 · Net assets with donor restrictions
beginning of year $2,751,384 · end of year $2,682,909
Mission and programs · 2024
Mission
GRANTS TO MEDICAL AND RESEARCH FACILITIES ENGAGED IN EYE RESEARCH.
-
GRANTS TO MEDICAL AND RESEARCH FACILITIES ENGAGED IN EYE RESEARCH.
Expenses $1,020,000
-
MISCELLANEOUS AWARDS FOR ACHIEVEMENT IN THE FIELD OF EYE RESEARCH OR FUNDRAISING TO BENEFIT EYE RESEARCH.
Expenses $7,547
-
PRINTING OF LITERATURE TO MAKE GENERAL PUBLIC AWARE OF DEVELOPMENT AND MEDICAL TECHNOLOGY IN THE EYE RESEARCH FIELD.
Expenses $4,279
As filed on the 2024 return.
Listed in Part VII
-
James RothJAMES ROTH
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Beverly DillonBEVERLY DILLON
President
- Total calculated
- $0
- Hours/week
- 2
-
Brenda MacPhersonBRENDA MACPHERSON
2ND VP
- Total calculated
- $0
- Hours/week
- 0
-
Robert GroverROBERT GROVER
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Kathy SalemKATHY SALEM
Executive Dir.
- Total calculated
- $0
- Hours/week
- 0
-
John RiemerJOHN RIEMER
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jeanne FarrowJEANNE FARROW
Asst Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Patricia KalickiPATRICIA KALICKI
Vice President
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
TUFTS UNIVERSITY SCHOOL OF ME
$138,000
-
BU SCHOOL OF MEDICINE
$138,000
-
CHILDRENS HOSPITAL
$138,000
-
JOSLIN DIABETES CENTER
$138,000
-
MASSACHUSETTS EYE & EAR
$138,000
-
SCHEPENS EYE RESEARCH CTR
$130,000
-
NEW ENGLAND EYE CENTER
$100,000
-
PRESIDENTIAL GRANT BU
$100,000
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 29 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202610299349300721
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