2019-05-10T06:47:01-05:00 2018-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2017-07-01 251439732 EYE AND EAR FOUNDATION EYEA 4128641300 200 LOTHROP ST NO 251 PITTSBURGH PA 15213 LAWRENCE N GUMBERG TREASURER 4128641300 2019-04-30 1 EUGENE J LOGAN P00227231 4122613644 208.79.164.82 2019-04-30 15:31:02 ED P F1BB567B5E1AC7CB46F13B8AE25DE5492111512F ED4C94F1B30A2419E19D98BACB4CD30BED54357B 2017 2019-02-21 02:37:17Z GEORGE A FECHTER 200 LOTHROP ST NO 251 PITTSBURGH PA 15213 14302476 0 X WWW.EYEANDEAR.ORG X 1983 PA ADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT. 24 24 0 24 13308 -5480 3284692 1195494 0 0 1386853 1786014 35015 0 4706560 2981508 1969629 2651315 0 0 5000 0 0 0 369607 836165 959345 2810794 3610660 1895766 -629152 35636316 35855586 62410 129288 35573906 35726298 THE EYE & EAR FOUNDATION IS A 501(C)(3) ORGANIZATION WITH THE MISSION OF ADVANCING THE LEADING-EDGE ACADEMIC AND RESEARCH EFFORTS OF THE DEPARTMENTS OF OTOLARYNGOLOGY AND OPHTHALMOLOGY AT THE UNIVERSITY OF PITTSBURGH WITH THE ULTIMATE GOAL OF ENHANCING PATIENT CARE. 0 0 2726269 2651315 GRANTS TO DEPARTMENT OF OTOLARYNGOLOGY AND DEPARTMENT OF OPHTHALMOLOGY OF UNIVERSITY OF PITTSBURGH'S SCHOOL OF MEDICINE AND RELATED PROGRAMS AT THE UNIVERSITY OF PITTSBURGH AND UPMC HEALTH SYSTEM TO CONSISTENTLY IMPROVE THE QUALITY OF SCIENTIFIC ENDEAVORS. IN ADDITION TO GRANT MAKING ACTIVITY, THE ORGANIZATION ENGAGES IN FUNDRAISING ACTIVITIES TO RAISE DOLLARS TO FUND INNOVATIVE RESEARCH IN THE FIELDS OF OPHTHALMOLOGY AND OTOLARYNGOLOGY. 2726269 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X LAWTON SNYDER 4128641300 200 LOTHROP STREET SUITE 251 PITTSBURGH PA 15213 X X RUTH AULD EDD BOARD MEMBER 0.50 X 0 0 0 HENRY S BEUKEMA BOARD MEMBER 0.50 X 0 0 0 DEEPINDER K DHALIWAL MD LAC BOARD MEMBER 0.50 X 0 0 0 DOUGLAS P DICK BOARD MEMBER 0.50 X 0 0 0 LOUIS J FOX BOARD MEMBER 0.50 X 0 0 0 JONAS T JOHNSON MD FACS BOARD MEMBER 0.50 X 0 0 0 JEFFREY MARKELESQ BOARD MEMBER 0.50 X 0 0 0 MICHELE M MCKENNEY BOARD MEMBER (ENTERED 3/22/2018) 0.50 X 0 0 0 DIANA L MRVOS MD BOARD MEMBER 0.50 X 0 0 0 ALBERT C MUSE BOARD MEMBER 0.50 X 0 0 0 EUGENE N MYERS MD FACS FRCS BOARD MEMBER 0.50 X 0 0 0 B GORDON NELSON III BOARD MEMBER 0.50 X 0 0 0 JOSE-ALAIN SAHEL MD BOARD MEMBER 0.50 X 0 0 0 E RONALD SALVITTI MD BOARD MEMBER (ENTERED 11/30/2017) 0.50 X 0 0 0 NANCY L SNYDERMAN MD FACS BOARD MEMBER 0.50 X 0 0 0 VIOLET SOFFER BOARD MEMBER 0.50 X 0 0 0 PAUL R VITTONE BOARD MEMBER 0.50 X 0 0 0 NANCY D WASHINGTON BOARD MEMBER (ENTERED 3/22/2018) 0.50 X 0 0 0 BRUCE WIEGAND BOARD MEMBER 0.50 X 0 0 0 ALDO ZINI BOARD MEMBER 0.50 X 0 0 0 GEORGE A FECHTER CHAIRMAN 0.50 X X 0 0 0 CHARLES R BRODBECK ESQ VICE CHAIRMAN 0.50 X X 0 0 0 LAWRENCE N GUMBERG TREASURER 0.50 X X 0 0 0 CYNTHIA SUNSERI SECRETARY 0.50 X X 0 0 0 LAWTON SNYDER EXECUTIVE DIRECTOR 37.50 X 0 0 0 0 0 0 0 0 0 0 0 1195494 37244 1195494 622398 13308 609090 12484584 11320968 1163616 1163616 1163616 2981508 0 13308 1772706 2634315 2634315 17000 17000 5398 5398 30747 30747 173282 173282 3725 3725 6491 6491 22985 22985 12161 12161 46650 46650 14544 14544 OPERATION EXPENSE 622550 26252 226691 369607 FOREIGN TAXES PAID 18760 18760 SCIENTIFIC ADVISORY COM 1552 1552 BAD DEBTS EXPENSE 500 500 3610660 2726269 514784 369607 232201 252720 1333103 680728 1374866 48517 35386 1273466 32660760 33600155 35636316 35855586 43327 956 19083 128332 62410 129288 X 18596639 18771133 11421451 11362550 5555816 5592615 35573906 35726298 35636316 35855586 -629152 781544 0 X X 0 1 X 1 0 X 1556741 1784582 3161848 3181632 1195494 10880297 1556741 1784582 3161848 3181632 1195494 10880297 4733101 6147196 630529 585492 572377 514493 622398 2925289 7050 7050 69 413 573 35015 36070 13848706 0.44390 0.45120 X 5555816 10000 435023 408224 5592615 4957815 107867 757320 267186 5555816 5209786 100 -12423 239648 4957815 3307761 1972726 66383 137084 5209786 3001666 10000 436011 129916 3307761 0.00000 1.00000 0.00000 0 0 0 PUBLIC EQUITY FUNDS 23602790 F PRIVATE EQUITY FUNDS 1773808 F FIXED INCOME FUNDS 8223557 F 33600155 X 3762552 781544 -500 781044 2981508 0 2981508 3610160 0 3610160 500 500 3610660 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED INVESTMENT FUNDS ESTABLISHED FOR PERPETUAL SUPPORT OF THE FOUNDATION'S MISSION. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS DETERMINED NOT TO BE A PRIVATE FOUNDATION PURSUANT TO SECTION 509 OF THE IRC. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE ACCOUNTING STANDARDS CODIFICATION, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. THE FOUNDATION HAS ADOPTED THIS TOPIC WITHOUT IMPACT TO THE FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBTS EXPENSE -500. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBTS EXPENSE 500. CENTRAL AMERICA AND THE CARIBBEAN 0 0 FOREIGN INVESTMENTS 764896 0 0 0 0 0 0 764896 0 764896 1 0 0 1 1 0 1 UNIVERSITY OF PITTSBURGH 203 LOTHROP AVE PITTSBURGH PA 15213 250965591 501(C)(3) 2634315 N/A N/A GENERAL SUPPORT FOR ACADEMIC RESEARCH 1 0 RESEARCH AWARDS 8 7000 0 N/A N/A MUSE PRIZE 1 5000 0 N/A N/A ZOLA GOLD AWARD 1 5000 0 N/A N/A PART I, LINE 2: GRANTS TO ORGANIZATIONS: GRANTS FROM UNRESTRICTED NET ASSETS ARE MADE AT THE DISCRETION OF THE FOUNDATION'S BOARD OF DIRECTORS (BOARD). GRANTS FROM RESTRICTED NET ASSETS COMPLY WITH ALL DONOR-IMPOSED RESTRICTIONS. GRANTS TO INDIVIDUALS: THE ALBERT C. MUSE PRIZE WAS ESTABLISHED IN 2001 BY THE EYE & EAR FOUNDATION OF PITTSBURGH TO HONOR WORLD LEADERS IN THE FIELDS OF OPHTHALMOLOGY AND OTOLARYNGOLOGY. THE EYE & EAR FOUNDATION'S MISSION IS TO SUPPORT THE DEPARTMENTS OF OPHTHALMOLOGY AND OTLARYNGOLOGY AT THE UNIVERSITY OF PITTSBURGH, ITS SCHOOL OF MEDICINE AND THE UNIVERSITY OF PITTSBURGH MEDICAL CENTER. THE MUSE PRIZE ALTERNATES ANNUALLY BETWEEN OPHTHALMOLOGY AND OTOLARYNGOLOGY, CARRIES A CASH AWARD OF $5,000, AND RECOGNIZES INDIVIDUALS WHO HAVE MADE SIGNIFICANT, PROGRESSIVE CONTRIBUTIONS TO SCIENCE AND MEDICINE IN THESE SPECIALTIES. ELGIBILITY: THE 2017 ALBERT C. MUSE PRIZE IN OTOLARYNGOLOGY IS OPEN TO ALL INDIVIDUALS WHO HAVE MADE EXTRAORDINARY CONTRIBUTIONS TO OTOLARYNGOLOGY. THERE IS NO GEOGRAPHICAL RESTRICTION ON CANDIDATES. EACH NOMINATION WILL BE REVIEWED BY A SELECT PANEL OF JUDGES INCLUDING OTOLARYNGOLOGISTS FROM THE UPMC DEPARTMENT OF OTOLARYNGOLOGY, A NATIONAL LEADER IN OTOLARYNGOLOGY RESEARCH AND CLINICAL INNOVATION. ZOLA GOLD AWARD: THIS IS AN ANNUAL AWARD FOR ACADEMIC PURSUITS RELATED TO VOICE RESEARCH OR VOICE THERAPY AT THE UNIVERSITY OF PITTSBURGH VOICE CENTER UNDER THE DIRECTION OF THE DIRECTOR OF THE VOICE CENTER. X 2 37244 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED JUNE 30, 2018. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, ALL OF THE POWERS OF THE BOARD OF DIRECTORS EXCEPT THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO AMEND OR REPEAL THESE BYLAWS OR TO ADOPT NEW BYLAWS; TO FILL VACANCIES IN, CHANGE THE NUMBER OF, OR REMOVE MEMBERS OF THE BOARD OF DIRECTORS; TO DISSOLVE, REMOVE MEMBERS OR CHANGE THE NUMBER OF, OR FILL VACANCIES IN, THE EXECUTIVE COMMITTEE; OR TO AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF DIRECTORS WHICH BY ITS TERMS SHALL NOT BE AMENDABLE OR REPEALABLE. IT SHALL BE THE DUTY OF THE EXECUTIVE COMMITTEE TO SUPERVISE THE OPERATIONS OF THE CORPORATION BETWEEN MEETINGS OF THE BOARD. ANY ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE RATIFIED BY THE BOARD OF DIRECTORS AT ITS MEETING NEXT FOLLOWING THE ACTION. THE EXECUTIVE COMMITTEE SHALL MEET ON THE CALL OF THE CHAIRMAN OF THE CORPORATION AT SUCH TIMES AND PLACES AS SHALL BE DESIGNATED BY HIM. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIP: JONAS T. JOHNSON, M.D., DEEPINDER K. DHALIWAL, M.D., EUGENE N. MYERS, M.D., AND JOSE-ALAIN SAHEL, M.D. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL ELECT ALL MEMBERS OF THE BOARD, EXCEPT THE UNIVERSITY OF PITTSBURGH DIRECTORS. UNIVERSITY OF PITTSBURGH SHALL HAVE THE RIGHT TO APPOINT TWO UNIVERSITY DIRECTORS. THE EYE & EAR FOUNDATION'S NOMINATING COMMITTEE HAS THE POWER TO NOMINATE NEW MEMBERS TO THE BOARD OF DIRECTORS. THE FULL BOARD THEN VOTES ON THE ELECTION THE POTENTIAL NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD CHAIRMAN AND BOARD TREASURER. A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE ANNUAL MEETING AT WHICH TIME DIRECTORS ARE REQUESTED TO UPDATE THEIR ANNUAL CONFLICT DISCLOSURES AND ACKNOWLEDGE THEIR COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTATION IS AVAILABLE UPON REQUEST. FORM 990, PART VII ARTHUR S. LEVINE, MD AND CHARLES C. COHEN ARE EX-OFFICIO TRUSTEES OF THE ORGANIZATION WITH NO VOTING RIGHTS. FORM 990, PART XII, QUESTION 2, OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT: THE FOUNDATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE FOUNDATION HAS A COMMITTEE THAT ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.