Overview
What is The Macula Foundation Inc?
The Macula Foundation Inc, situated in New York City, is a nonprofit organization dedicated to supporting and promoting research activities in macular associated diseases. They strive to prevent and restore vision loss by raising awareness about the macula and advancing knowledge in the field through innovative research. Their primary focus includes age-related macular degeneration, diabetic retinopathy, and various retinal and macular diseases such as central serous choroidoretinopathy, pseudoxanthoma elasticum, pathological high myopia, and macular degeneration. The foundation provides grants and allocations to qualified institutions, organizations, and individuals to further their mission.
Official website here: www.maculafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating) from Charity Navigator.
The Macula Foundation Inc has received an overall score of 84%, which reflects strong accountability and financial practices. The organization has a fully independent board, with all eight members meeting the criteria for independence. This governance structure, along with a robust audit and oversight committee, supports the foundation's commitment to transparency and effective financial management.
In terms of financial health, the foundation shows a positive liabilities to assets ratio of 0.26%, indicating sound fiscal responsibility. However, while the program expense ratio is 63.26%, which highlights that a significant portion of funds is directed towards its mission-related activities, it falls slightly short in comparison to some other nonprofits. This ratio suggests there may be room for improvement in maximizing funds utilized for programs versus administrative costs.
Overall, The Macula Foundation Inc demonstrates strong governance and accountability, crucial for donor trust. However, potential donors may want to consider its program expense ratio as one factor in their decision-making process regarding support.
This AI summary has been generated from information found on Charity Navigator.
Is The Macula Foundation Inc legitimate?
The Macula Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Macula Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.maculafoundation.org
What is the mission statement of The Macula Foundation Inc?
The Macula Foundation Inc's mission is centered around preventing and restoring vision loss. They achieve this by raising awareness about the macula and advancing knowledge in the field through innovative research. The organization has primarily focused on studying age-related macular degeneration, diabetic retinopathy, and various other retinal and macular diseases such as central serous choroidoretinopathy, pseudoxanthoma elasticum, pathological high myopic, and macular degeneration, due to their significant impact on vision.
Official website here: www.maculafoundation.org
Who is the CEO of The Macula Foundation Inc?
Dr Lawrence Yannuzzi is the Chairman/President of The Macula Foundation Inc.
Official website here: www.maculafoundation.org
What is the revenue of The Macula Foundation Inc?
The Macula Foundation Inc's revenue in 2020 was $1,673,890.
Official website here: www.maculafoundation.org
Who are the executives of The Macula Foundation Inc and what are their salaries?
There 7 volunteers at The Macula Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.maculafoundation.org
Where can I find the form 990 for The Macula Foundation Inc?
The Macula Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.maculafoundation.org
Learn more at the official website: www.maculafoundation.org
Mission Statement of The Macula Foundation Inc
The Macula Foundation Inc is dedicated to preventing and restoring vision loss, with a primary focus on the macula. Recognizing the significant impact of vision issues, this organization has set its principal goals towards studying age-related macular degeneration, diabetic retinopathy, and various other retinal and macular diseases such as central serous choriodretinopathy, pseudoxanthoma elasticum, pathological high myopia, and macular degeneration. By raising awareness about the macula and furthering knowledge in the field through innovative research, The Macula Foundation Inc strives to make strides in vision loss prevention and restoration.
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Impact
August, 2024
The Macula Foundation Inc is dedicated to preventing and restoring vision loss by raising awareness about the macula and furthering knowledge in the field through innovative research. Their focus on age-related macular degeneration, diabetic retinopathy, and other macular diseases has a significant impact on vision health. Through grants and allocations to qualified institutions, organizations, and individuals, they support and promote research activities in macular associated diseases. The foundation's work in medical research is paramount in advancing treatments and solutions for these conditions, ultimately improving the quality of life for those affected by vision impairments.
This information is meant to be a general summary of The Macula Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $920,641
- Gross Receipts: $6,152,504
Assets and Liabilities:
- Total Assets: $10,435,566
- Total Liabilities: $27,848
- Net Assets: $10,407,718
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Organization Details
Founding Year
1983
Phone
(212) 605-3777Principal Officer
Dr Lawrence Yannuzzi
Main Address
210 EAST 64TH STREET NO 8TH FL, NEW YORK, NY, 10065
Website
www.maculafoundation.orgNTEE Category
Code: H12 - Medical research
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