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Nonprofiteer
← MACULAR DEGENERATION FOUNDATION INC

Form 990 for tax year 2022

Filed by MACULAR DEGENERATION FOUNDATION INC.

Totals

Total revenue
$974,717
Total expenses
$667,651
Contributions and grants received
$847,426
Grants paid
$251,480
Program service revenue
$0
Investment income
$116,619
Other revenue
$10,672
Total assets, end of year
$4,601,927
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,601,927
Program services expenses (Part IX)
$566,269
Management and general expenses
$84,489
Fundraising expenses
$16,893
Program service expenses (Part III)
$316,454

Program services were 84.8% 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.

  • 1a · Federated campaigns

    $3,286

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $844,140

  • 1g · Noncash contributions included above

    $94,890

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $116,619 · related or exempt $0 · unrelated business $0 · excluded $116,619

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $14,000 · personal property $0

  • 6b · Less rental expenses

    real property $3,328 · personal property $0

  • 6c · Rental income or loss

    real property $10,672 · personal property $0

  • 6d · Net rental income or loss

    total $10,672 · related or exempt $0 · unrelated business $0 · excluded $10,672

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: NA

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $251,200 · program services $251,200

  • 2 · Grants to domestic individuals

    total $280 · program services $280

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $213,494 · program services $181,470 · management and general $21,349 · fundraising $10,675

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $33,330 · program services $1,667 · management and general $29,997 · fundraising $1,666

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $48,377 · program services $41,120 · management and general $7,257 · fundraising $0

  • 10 · Payroll taxes

    total $12,864 · program services $10,934 · management and general $1,256 · fundraising $674

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $6,066 · program services $910 · management and general $5,156 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $259 · program services $259 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $15,940 · program services $13,549 · management and general $1,594 · fundraising $797

  • 14 · Information technology

    total $14,171 · program services $11,337 · management and general $2,126 · fundraising $708

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $28,536 · program services $24,256 · management and general $2,853 · fundraising $1,427

  • 17 · Travel

    total $9,671 · program services $9,671 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $18,913 · program services $15,130 · management and general $2,837 · fundraising $946

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,368 · program services $0 · management and general $7,368 · fundraising $0

  • 23 · Insurance

    total $2,696 · program services $0 · management and general $2,696 · fundraising $0

  • 24a · Other expenses: Newsletter printing and distribution

    total $4,486 · program services $4,486 · management and general $0 · fundraising $0

  • 24b · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,176 · end of year $306,941

  • 2 · Savings and temporary cash investments

    beginning of year $4,057,800 · end of year $3,446,981

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,421 · end of year $4,141

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $741,032

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,468

  • 10c · Land, buildings and equipment, net

    beginning of year $811,877 · end of year $733,564

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $110,300

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,548,609 · end of year $3,612,019

  • 28 · Net assets with donor restrictions

    beginning of year $1,418,665 · end of year $989,908

Mission and programs · 2022

Mission

TO EDUCATE AND SUPPORT THOSE WHO SUFFER FROM MACULAR DEGENERATION BY PROVIDING INFORMATIONM RESOURCES WORKING WITH LOW VISION CENTERS TO RECYCLE DONATED LOWVISION DEVIICES PROVIDING LOW COST MAGNIFICATION FUNDING GRANTS FOR SUPPORT GROUPS AND TO FURTHER RESEARCH TO RESTORE VISION

Activities or mission (Part I)

BRING AWARENESS TO AND EDUCATE ABOUT MACULAR DEGENERATION. PROVIDE INFORMATION REGARDING NEW TREATMENTS AND RESOURCES AVAILABLE. PROVIDE GENERAL INFORMATION ABOUT THE DISEASE FUND GRANTS TO FURTHER RESEARCH INTO THE RESTORATION OF VISION DUE TO MACULAR DEGENERATION

  • RESEARCH PROGRAM DEVELOPMENT ACTIVITIES INCLUDING SURVEY AND APPRAISAL OF EMERGING THERAPIES FOR MACULAR DEGENERATION SUPPORT OF MACULAR DEGENERATION PATIENTS BY PROVIDING TOLL-FREE PHONE SUPPORT CREATING REPORTS AND PROVIDING CURRENT INFORMATION VIA 2 WEBSITES WWW.EYESIGHT.ORG AND WWW.MACULARNEWS.ORG ELECTRONIC AND LARGE PRINT NEWSLETTERS TRAVEL TO CONFERENCES FILM EDIT AND UPLOAD INTERVIEWS AND INFORMATION ON LATEST TREATMENTS AND RESEARCH. DIRECT SUPPORT OF PATIENTS BY WORKING WITH LOW VISION CENTERS MANUFACTURERS AND UTILIZING A RECYCLING PROGRAM FOR MAGNIFICATION DEVICES TO HELP LOW VISION SUFFERERS MAIL OUT DVDS NEWSLETTERS EDUCATIONAL MATERIAL POSTING NEWS ARTICLES ON WEBSITES AND SOCIAL MEDIA ACCOUNTS

    Expenses $301,415

  • Community Services for Vision Rehabilitation 360 Bel Air Blvd #110 Mobile AL: Grant to fund for low vision research into to products and technology to assist persons with Macular Degeneration. Grant to fund support to people with AMD to find low vision devices at low or no cost with support and training on low vision devices.

    Grants $160,000

  • University at Buffalo State University of New York 520 Lee Entrance Ste 211 Buffalo NY 14228 unrestricted funding of Epigenetic Architecture of the RPE and Choroid: Identification of therapeutic targets for AMD.

    Grants $50,000

As filed on the 2022 return.

Listed in Part VII

  • Julie Zavala

    Secretary Director of Operations

    Total calculated
    $108,429
    From this org
    $108,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $80,000
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $100,000

  • Betty Trauernicht

    President CEO

    Total calculated
    $46,833
    From this org
    $46,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Keith Colgan

    VP Director of IT

    Total calculated
    $34,500
    From this org
    $34,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Marybeth Sundstrom

    Treasurer Legal Counsel

    Total calculated
    $33,330
    From this org
    $33,330
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Rylee Zavala

    Director Community Outreach

    Total calculated
    $12,900
    From this org
    $12,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
28 March 2023
IRS schema version
2022v5.0
Source object
202310879349300401

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