EYE & EAR FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
EYE & EAR FOUNDATION INC (EIN 25-1439732)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-04-29
IRS object ID
201601209349301100
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-04-29T12:16:49-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN251408703PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHNEIDER DOWNS & CO INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE PPG PLACE SUITE 1700AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15222ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN251439732EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EYE AND EAR FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEYEABusinessNameControlTxt
Phone4128641300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 LOTHROP ST NO 251AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15213ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAWRENCE N GUMBERGPersonNm
Person TitleTREASURERPersonTitleTxt
Phone4128641300PhoneNum
Signature2016-04-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEUGENE J LOGANPreparerPersonNm
PTINP00227231PTIN
Phone4122613644PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGEORGE A FECHTERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 LOTHROP ST NO 251AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15213ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$15,689,379GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.EYEANDEAR.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1983FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers21TotalVolunteersCnt
Total Gross UBI$5,377TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$8,746NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,556,741PYContributionsGrantsAmt
CY Contributions Grants$1,784,582CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,614,180PYInvestmentIncomeAmt
CY Investment Income-$308,389CYInvestmentIncomeAmt
PY Other Revenue$69PYOtherRevenueAmt
CY Other Revenue-$33,464CYOtherRevenueAmt
PY Total Revenue$3,170,990PYTotalRevenueAmt
CY Total Revenue$1,442,729CYTotalRevenueAmt
PY Grants And Similar Paid$3,379,762PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,742,318CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$257,023CYTotalFundraisingExpenseAmt
PY Other Expenses$616,687PYOtherExpensesAmt
CY Other Expenses$697,666CYOtherExpensesAmt
PY Total Expenses$3,996,449PYTotalExpensesAmt
CY Total Expenses$2,439,984CYTotalExpensesAmt
PY Revenues Less Expenses-$825,459PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$997,255CYRevenuesLessExpensesAmt
Total Assets BOY$32,468,270TotalAssetsBOYAmt
Total Assets EOY$31,965,853TotalAssetsEOYAmt
Total Liabilities BOY$569,376TotalLiabilitiesBOYAmt
Total Liabilities EOY$77,888TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$31,898,894NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$31,887,965NetAssetsOrFundBalancesEOYAmt
MissionTHE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,786,562ExpenseAmt
Grant$1,742,318GrantAmt
Revenue$0RevenueAmt
DescGRANTS 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.Desc
Total Program Service Expenses$1,786,562TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri Discl0QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAWTON SNYDERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4128641300PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 LOTHROP STREET SUITE 251AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15213ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
RUTH AULD EDD
BOARD MEMBER (ENTERED 3/2015)0.50Yes (X)$0$0$0
DEEPINDER K DHALIWAL MD LAC
BOARD MEMBER0.50Yes (X)$0$0$0
DOUGLAS P DICK
BOARD MEMBER0.50Yes (X)$0$0$0
LOUIS J FOX
BOARD MEMBER0.50Yes (X)$0$0$0
JENNIFER R GRANDIS MD FACS
BOARD MEMBER (EXITED 12/2014)0.50Yes (X)$0$0$0
JONAS T JOHNSON MD FACS
BOARD MEMBER0.50Yes (X)$0$0$0
JEFFREY MARKELESQ
BOARD MEMBER0.50Yes (X)$0$0$0
DIANA L MRVOS MD
BOARD MEMBER0.50Yes (X)$0$0$0
ALBERT C MUSE
BOARD MEMBER0.50Yes (X)$0$0$0
EUGENE N MYERS MD FACS FRCS
BOARD MEMBER0.50Yes (X)$0$0$0
B GORDON NELSON III
BOARD MEMBER0.50Yes (X)$0$0$0
JOEL S SCHUMAN MD FACS
BOARD MEMBER0.50Yes (X)$0$0$0
HUBERTA S SICILIANO
BOARD MEMBER (EXITED 10/2014)0.50Yes (X)$0$0$0
VIOLET SOFFER
BOARD MEMBER0.50Yes (X)$0$0$0
PAUL R VITTONE
BOARD MEMBER0.50Yes (X)$0$0$0
BRUCE WIEGAND
BOARD MEMBER0.50Yes (X)$0$0$0
ALDO ZINI
BOARD MEMBER0.50Yes (X)$0$0$0
GEORGE A FECHTER
CHAIRMAN0.50Yes (X)$0$0$0Yes (X)
CHARLES R BRODBECK ESQ
VICE CHAIRMAN0.50Yes (X)$0$0$0Yes (X)
LAWRENCE N GUMBERG
TREASURER0.50Yes (X)$0$0$0Yes (X)
CYNTHIA SUNSERI
SECRETARY0.50Yes (X)$0$0$0Yes (X)
LAWTON SNYDER
EXECUTIVE DIRECTOR37.50$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$55,150FundraisingAmt
All Other Contributions$1,729,432AllOtherContributionsAmt
Noncash Contributions$5,264NoncashContributionsAmt
Total Contributions$1,784,582TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$585,492TotalRevenueColumnAmt
Unrelated Business Revenue$5,377UnrelatedBusinessRevenueAmt
Exclusion$580,115ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$13,310,442SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$14,204,323SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$893,881SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$893,881TotalRevenueColumnAmt
Exclusion-$893,881ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$8,450FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$55,150ContriRptFundraisingEventAmt
Fundraising Direct Expenses$42,327FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$33,877TotalRevenueColumnAmt
Exclusion-$33,877ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$413TotalRevenueColumnAmt
Related Or Exempt Func Income$413RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$413OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,442,729TotalRevenueColumnAmt
Related Or Exempt Func Income$413RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$5,377UnrelatedBusinessRevenueAmt
Exclusion-$347,643ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,737,318TotalAmt
Program Services$1,737,318ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$5,000TotalAmt
Program Services$5,000ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5,118TotalAmt
Management And General$5,118ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,187TotalAmt
Management And General$22,187ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$177,449TotalAmt
Management And General$177,449ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$306TotalAmt
Management And General$306ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,684TotalAmt
Management And General$6,684ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$26,658TotalAmt
Management And General$26,658ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$30,608TotalAmt
Program Services$30,608ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$13,786TotalAmt
Management And General$13,786ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmt
OPERATION EXPENSE$382,929$125,906$257,023
FOREIGN TAXES PAID$15,724$15,724
HONORARIUMS$5,819$5,819
SCIENTIFIC ADVISORY COM$4,512$4,512

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,886TotalAmt
Program Services$3,305ProgramServicesAmt
Management And General$2,581ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,439,984TotalAmt
Program Services$1,786,562ProgramServicesAmt
Management And General$396,399ManagementAndGeneralAmt
Fundraising$257,023FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$377,816BOYAmt
EOY$121,135EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,408,151BOYAmt
EOY$1,108,043EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,076,882BOYAmt
EOY$1,297,779EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$66,429BOYAmt
EOY$79,655EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$29,538,992BOYAmt
EOY$29,359,241EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$32,468,270BOYAmt
EOY$31,965,853EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$123,796BOYAmt
EOY$9,138EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$445,580BOYAmt
EOY$68,750EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$569,376BOYAmt
EOY$77,888EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$20,148,631BOYAmt
EOY$19,014,184EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,442,502BOYAmt
EOY$7,663,995EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,307,761BOYAmt
EOY$5,209,786EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$31,898,894BOYAmt
EOY$31,887,965EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$32,468,270BOYAmt
EOY$31,965,853EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$997,255ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$986,326NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$983,209CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$697,831CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,807,728CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,556,741CurrentTaxYearMinus1YearAmt
Current Tax Year$1,784,582CurrentTaxYearAmt
Total$6,830,091TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$983,209CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$697,831CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,807,728CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,556,741CurrentTaxYearMinus1YearAmt
Current Tax Year$1,784,582CurrentTaxYearAmt
Total$6,830,091TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,618,540SubstantialContributorsTotAmt
Public Support Total170$5,211,551PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$456,522CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$446,449CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$615,317CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$630,529CurrentTaxYearMinus1YearAmt
Current Tax Year$585,492CurrentTaxYearAmt
Total$2,734,309TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$335CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,180CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$489CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69CurrentTaxYearMinus1YearAmt
Current Tax Year$413CurrentTaxYearAmt
Total$3,486TotalAmt
FieldValueIRS element (for citing)
Total Support$9,567,886TotalSupportAmt
Public Support CY1700.54470PublicSupportCY170Pct
Public Support PY1700.51550PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,307,761BeginningYearBalanceAmt
Investment Earnings Or Losses$66,383InvestmentEarningsOrLossesAmt
Other Expenditures$137,084OtherExpendituresAmt
End Year Balance$3,237,060EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,001,666BeginningYearBalanceAmt
Investment Earnings Or Losses$436,011InvestmentEarningsOrLossesAmt
Other Expenditures$129,916OtherExpendituresAmt
End Year Balance$3,307,761EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,310,750BeginningYearBalanceAmt
Contributions$500,000ContributionsAmt
Investment Earnings Or Losses$308,871InvestmentEarningsOrLossesAmt
Other Expenditures$117,955OtherExpendituresAmt
End Year Balance$3,001,666EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,375,615BeginningYearBalanceAmt
Investment Earnings Or Losses-$26,577InvestmentEarningsOrLossesAmt
Other Expenditures$38,288OtherExpendituresAmt
End Year Balance$2,310,750EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,001,415BeginningYearBalanceAmt
Investment Earnings Or Losses$430,686InvestmentEarningsOrLossesAmt
Other Expenditures$56,486OtherExpendituresAmt
End Year Balance$2,375,615EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (3 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PUBLIC EQUITY FUNDS$19,213,397F
PRIVATE EQUITY FUNDS$1,901,230F
FIXED INCOME FUNDS$8,244,614F
FieldValueIRS element (for citing)
Total Book Value Securities$29,359,241TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,471,382TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$986,326NetUnrealizedGainsInvstAmt
Other Revenue$42,327OtherRevenueAmt
Revenue Not Reported$1,028,653RevenueNotReportedAmt
Revenue Subtotal$1,442,729RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,442,729TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,482,311TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$42,327OtherExpensesIncludedAmt
Expenses Not Reported$42,327ExpensesNotReportedAmt
Expenses Subtotal$2,439,984ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,439,984TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 FASB ISSUED THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE 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 2012.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSES

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CELEBRATION OF VOICE EVENTEvent1Nm
Gross Receipts Event1$57,000GrossReceiptsEvent1Amt
Charitable Contri Event1$50,700CharitableContriEvent1Amt
Gross Revenue Event1$6,300GrossRevenueEvent1Amt
Rent Facility Costs Event1$18,198RentFacilityCostsEvent1Amt
Entertainment Event1$250EntertainmentEvent1Amt
Other Direct Expenses Event1$22,686OtherDirectExpensesEvent1Amt
Event2SMED - CASBAH DINNEREvent2Nm
Gross Receipts Event2$6,600GrossReceiptsEvent2Amt
Charitable Contri Event2$4,450CharitableContriEvent2Amt
Gross Revenue Event2$2,150GrossRevenueEvent2Amt
Other Direct Expenses Event2$1,193OtherDirectExpensesEvent2Amt
Gross Receipts Total$63,600GrossReceiptsTotalAmt
Charitable Contributions Tot$55,150CharitableContributionsTotAmt
Gross Revenue Total Events$8,450GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$18,198RentFcltyCostsTotalEventsAmt
Entertainment Total Events$250EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$23,879OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$42,327DirectExpenseSummaryEventsAmt
Net Income Summary-$33,877NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1UNIVERSITY OF PITTSBURGHBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1203 LOTHROP AVEAddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15213ZIPCd
FieldValueIRS element (for citing)
Recipient EIN250965591RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,727,388CashGrantAmt
Valuation Method UsedN/AValuationMethodUsedDesc
Non Cash AssistanceN/ANonCashAssistanceDesc
Purpose Of GrantGENERAL SUPPORT FOR ACADEMIC RESEARCHPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeRESEARCH AWARDGrantTypeTxt
Recipient1RecipientCnt
Cash Grant$5,000CashGrantAmt
Valuation Method UsedN/AValuationMethodUsedDesc

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS 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 2014 ALBERT C. MUSE PRIZE IN OPHTHALMOLOGY IS OPEN TO ALL INDIVIDUALS WHO HAVE MADE EXTRAORDINARY CONTRIBUTIONS TO OPHTHALMOLOGY. THERE IS NO GEOGRAPHICAL RESTRICTION ON CANDIDATES. EACH NOMINATION WILL BE REVIEWED BY A SELECT PANEL OF JUDGES INCLUDING OPTHALMOLOGISTS FROM THE UPMC DEPARTMENT OF OPHTHALMOLOGY, A NATIONAL LEADER IN OPHTHALMOLOGY RESEARCH AND CLINICAL INNOVATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1THE 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 2BUSINESS RELATIONSHIP: JOEL S. SCHUMAN, M.D., JONAS T. JOHNSON, M.D., DEEPINDER K. DHALIWAL, M.D., EUGENE N. MYERS, M.D., AND JENNIFER GRANDIS, MD. (EXITED 12/2014).
FORM 990, PART VI, SECTION A, LINE 7ATHE BOARD OF DIRECTORS OF THE CORPORATION SHALL ELECT ALL MEMBERS OF THE BOARD OF THE CORPORATION, EXCEPT THE UNIVERSITY DIRECTORS. UNIVERSITY OF PITTSBURGH SHALL HAVE THE RIGHT TO APPOINT TWO UNIVERSITY DIRECTORS. THE BOARD OF DIRECTORS OF THE CORPORATION SHALL BY RESOLUTION CLASSIFY THE MEMBERS OF THE BOARD OF THE CORPORATION IN RESPECT TO THE TIME FOR WHICH THEY SHALL SEVERALLY HOLD OFFICE BY DIVIDING THEM INTO THREE CLASSES OF AS NEARLY EQUAL NUMBER AS POSSIBLE. THE EYE & EAR FOUNDATION'S EXECUTIVE 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 11THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT 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 12CTHE 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 19ALL DOCUMENTATION IS AVAILABLE UPON REQUEST.
FORM 990, PART VIIARTHUR S. LEVINE, MD IS AN EX-OFFICIO 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.

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