EYE & EAR FOUNDATION INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
EYE & EAR FOUNDATION INC (EIN 25-1439732)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-05-07
IRS object ID
201341279349300629
Schema version
2011v1.5
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)
Timestamp2013-05-07T09:38:20-05:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN251408703EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHNEIDER DOWNS & CO INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11133 PENN AVENUEAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15222ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN251439732EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1EYE AND EAR FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlEYEANameControl
Phone4128641300Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 LOTHROP ST NO 251AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15213ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePAUL R VITTONEName
TitleTREASURER AND FINANCE CHAIRTitle
Phone4128641300Phone
Date Signed2013-05-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSUSAN M KIRSCHName
PTINP00341397PTIN
Phone4122613644Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Name Of Principal Officer PersonGEORGE A FECHTERNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1200 LOTHROP ST NO 251AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15213ZIPCode
FieldValueIRS element (for citing)
Gross Receipts5438121GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.EYEANDEAR.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1983YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT.ActivityOrMissionDescription
Nbr Voting Members Governing Body19NbrVotingMembersGoverningBody
Nbr Independent Voting Members19NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers14TotalNbrVolunteers
Total Gross UBI-3688TotalGrossUBI
Net Unrelated Business Txbl Income-3688NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year983210ContributionsGrantsPriorYear
Contributions Grants Current Year697831ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year297305InvestmentIncomePriorYear
Investment Income Current Year-215211InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year2180OtherRevenueCurrentYear
Total Revenue Prior Year1280515TotalRevenuePriorYear
Total Revenue Current Year484800TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year1933431GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY1371149GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year0SalariesEtcPriorYear
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year290655TotalFundrsngExpCurrentYear
Other Expense Prior Year387309OtherExpensePriorYear
Other Expenses Current Year486116OtherExpensesCurrentYear
Total Expenses Prior Year2320740TotalExpensesPriorYear
Total Expenses Current Year1857265TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-1040225RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-1372465RevenuesLessExpensesCY
Total Assets BOY28180945TotalAssetsBOY
Total Assets EOY26682667TotalAssetsEOY
Total Liabilities BOY178853TotalLiabilitiesBOY
Total Liabilities EOY135889TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY28002092NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY26546778NetAssetsOrFundBalancesEOY
Mission DescriptionTHE 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.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1394532Expense
Grants1371149Grants
Revenue0Revenue
DescriptionGRANTS 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.Description
Total Program Service Expense1394532TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments1TermOrPermanentEndowments
Report Land Bldg Equip0ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities1ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations1GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members19NbrVotingGoverningBodyMembers
Number Independent Voting Members19NumberIndependentVotingMembers
Family Or Business Relationship1FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs1ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO0CompensationProcessCEO
Compensation Process Other0CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1LAWTON SNYDERBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number4128641300TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1200 LOTHROP STREET SUITE 251AddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15213ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
DEEPINDER K DHALIWAL MD LAC
BOARD MEMBER0.50X000
DOUGLAS P DICK
BOARD MEMBER0.50X000
LOUIS J FOX
BOARD MEMBER0.50X000
ALBERT C MUSE
BOARD MEMBER0.50X000
B GORDON NELSON III
BOARD MEMBER0.50X000
HUBERTA S SICILIANO
BOARD MEMBER0.50X000
VIOLET SOFFER
BOARD MEMBER0.50X000
CYNTHIA SUNSERI
BOARD MEMBER0.50X000
BRUCE WIEGAND
BOARD MEMBER0.50X000
ALDO ZINI
BOARD MEMBER0.50X000
JENNIFER R GRANDIS MD FACS
BOARD MEMBER0.50X000
JONAS T JOHNSON MD FACS
BOARD MEMBER0.50X000
EUGENE N MYERS MD FACS FRCS
BOARD MEMBER0.50X000
JOEL S SCHUMAN MD FACS
BOARD MEMBER0.50X000
ARTHUR S LEVINE MD
EX-OFFICIO0.50X000
GEORGE A FECHTER
CHAIRMAN0.50X000X
CHARLES R BRODBECK ESQ
VICE CHAIRMAN0.50X000X
PAUL R VITTONE
TREASURER/FINANCE CHAIR0.50X000X
LAWRENCE N GUMBERG
SECRETARY0.50X000X
FieldValueIRS element (for citing)
Total Reportable Comp From Org0TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Federated Campaigns2093FederatedCampaigns
All Other Contributions695738AllOtherContributions
Total Contributions697831TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column446449TotalRevenueColumn
Unrelated Business Revenue-3688UnrelatedBusinessRevenue
Exclusion$450,137ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities4291661Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities4953321Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities-661660Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-661660TotalRevenueColumn
Exclusion-$661,660ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionMISCELLANEOUS INCOMEDescription
Business Code900099BusinessCode
Total Revenue Column2180TotalRevenueColumn
Related Or Exempt Function Income2180RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Other Revenue2180TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column484800TotalRevenueColumn
Related Or Exempt Function Income2180RelatedOrExemptFunctionIncome
Unrelated Business Revenue-3688UnrelatedBusinessRevenue
Exclusion-$211,523ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total1357790Total
Program Services1357790ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total13359Total
Program Services13359ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total42778Total
Management And General42778ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total30488Total
Management And General30488ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total69734Total
Management And General69734ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total21200Total
Management And General21200ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total10184Total
Fundraising10184Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total5063Total
Management And General3026ManagementAndGeneral
Fundraising2037Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total5352Total
Fundraising5352Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total4577Total
Program Services4577ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total512Total
Management And General512ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalFundraisingFundraisingProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
EEF OPERATION EXPENSE271490271490
SCIENTIFIC ADVISORY COM1852318523
MOVING EXPENSES28002800
EVENT COSTS15921592

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1823Total
Program Services283ProgramServices
Management And General1540ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1857265Total
Program Services1394532ProgramServices
Management And General172078ManagementAndGeneral
Fundraising290655Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY290435BOY
EOY267210EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY132795BOY
EOY80299EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY190465BOY
EOY168202EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY27567250BOY
EOY26166956EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY28180945BOY
EOY26682667EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY53853BOY
EOY135889EOY

Grants Payable GrantsPayable

FieldValueIRS element (for citing)
BOY125000BOY
EOY0EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY178853BOY
EOY135889EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY19302555BOY
EOY17826283EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY6323922BOY
EOY6409745EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2375615BOY
EOY2310750EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY28002092BOY
EOY26546778EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY28180945BOY
EOY26682667EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-1372465ReconcilationRevenueExpenses
Reconcilation Other Changes-82849ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years3210711CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years152506CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years246875CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year983209CurrentTaxYearMinus1Year
Current Tax Year697831CurrentTaxYear
Total5291132Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years3210711CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years152506CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years246875CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year983209CurrentTaxYearMinus1Year
Current Tax Year697831CurrentTaxYear
Total5291132Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total1210841AmountsSubstContributorsTotal
Public Support Total1704080291PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years586946CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years509927CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years462818CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year456522CurrentTaxYearMinus1Year
Current Tax Year446449CurrentTaxYear
Total2462662Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years67620CurrentTaxYearMinus3Years
Current Tax Year Minus1 Year335CurrentTaxYearMinus1Year
Current Tax Year2180CurrentTaxYear
Total70135Total
FieldValueIRS element (for citing)
Total Support7823929TotalSupport
Public Support Pertcentage1700.52150PublicSupportPertcentage170
Public Support Pertcent Prior Year0.38700PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance2375615BeginningOfYearBalance
Investment Earnings Or Losses-26577InvestmentEarningsOrLosses
Other Expenditures38288OtherExpenditures
End Of Year Balance2310750EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance2001415BeginningOfYearBalance
Investment Earnings Or Losses430686InvestmentEarningsOrLosses
Other Expenditures56486OtherExpenditures
End Of Year Balance2375615EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance1839375BeginningOfYearBalance
Investment Earnings Or Losses194692InvestmentEarningsOrLosses
Other Expenditures32652OtherExpenditures
End Of Year Balance2001415EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance2467831BeginningOfYearBalance
Investment Earnings Or Losses-589608InvestmentEarningsOrLosses
Other Expenditures38848OtherExpenditures
End Of Year Balance1839375EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.00000BoardDesignatedEOYBalance
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.00000TermEndowmentEOYBalance
Endowments Held By Unrelated Orgs0EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs0EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings0TotalOfBookValueLandBuildings

Other Securities OtherSecurities (4 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
PUBLIC EQUITY FUNDS17907468F
PRIVATE EQUITY FUNDS1692223F
FIXED INCOME FUNDS5321493F
COMMODITY FUNDS1245772F
FieldValueIRS element (for citing)
Total Of Book Value Securities26166956TotalOfBookValueSecurities
Total Revenue484800TotalRevenue
Total Expenses1857265TotalExpenses
Excess Or Deficit For Year-1372465ExcessOrDeficitForYear
Net Unrealized GL On Investments-82849NetUnrealizedGLOnInvestments
Total Adjustments-82849TotalAdjustments
Excess Or Deficit Per FS-1455314ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt401951TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments-82849NetUnrealizedGainsInvestments
Revenue Not Rptd F990-82849RevenueNotRptdF990
Revenue Subtotal484800RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990484800TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1857265TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1857265ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901857265TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:PART V, LINE 4:THE FOUNDATION'S ENDOWMENT CONSISTS OF DONOR-RESTRICTED INVESTMENT FUNDS ESTABLISHED FOR PERPETUAL SUPPORT OF THE FOUNDATION'S MISSION.
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:PART X: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 2009.

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable

FieldValueIRS element (for citing)
RegionCENTRAL AMERICA AND THE CARIBBEANRegion
Number Of Offices0NumberOfOffices
Number Of Employees0NumberOfEmployees
Type Of Activities ConductedINVESTMENTSTypeOfActivitiesConducted
Specific Services ProvidedN/ASpecificServicesProvided
Total Expenditures1245772TotalExpenditures
FieldValueIRS element (for citing)
Subtotal Number Of Offices0SubtotalNumberOfOffices
Subtotal Number Of Employees0SubtotalNumberOfEmployees
Cont Number Of Offices0ContNumberOfOffices
Cont Number Of Employees0ContNumberOfEmployees
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Subtotal Amount Spent1245772SubtotalAmountSpent
Cont Amount Spent0ContAmountSpent
Total Amount Spent1245772TotalAmountSpent
Transfer To Foreign Corp1TransferToForeignCorp
Interest In Foreign Trust0InterestInForeignTrust
Own Foreign Corp1OwnForeignCorp
Passive Foreign Invest Co1PassiveForeignInvestCo
Foreign Partnership0ForeignPartnership
Boycott Countries0BoycottCountries

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained1RecordsMaintained

Recipient Table RecipientTable

Recipient Name Business RecipientNameBusiness

FieldValueIRS element (for citing)
Business Name Line1UNIVERSITY OF PITTSBURGHBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1203 LOTHROP AVEAddressLine1
CityPITTSBURGHCity
StatePAState
ZIP Code15213ZIPCode
FieldValueIRS element (for citing)
EIN Of Recipient250965591EINOfRecipient
IRC Section501(C)(3)IRCSection
Amount Of Cash Grant1357790AmountOfCashGrant
Method Of ValuationN/AMethodOfValuation
Description Of Non Cash AssistanceN/ADescriptionOfNonCashAssistance
Purpose Of GrantGENERAL SUPPORT FOR ACADEMIC RESEARCHPurposeOfGrant
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations0TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantMUSE PRIZE TO HONOR LEADERS IN FIELDS OF OPHTHALMOLOGY & OTOLARYNGOLOGYTypeOfGrant
Number Of Recipients8NumberOfRecipients
Amount Of Cash Grant13359AmountOfCashGrant
Method Of ValuationN/AMethodOfValuation
Description Of Non Cash AssistanceN/ADescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierPROCEDURE FOR MONITORING GRANTS IN THE U.S.:Identifier
Return ReferencePART I, LINE 2:ReturnReference
ExplanationSCHEDULE I, PART I, LINE 2: 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 2011 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 OPHTHALMOLOGISTS FROM THE UPMC DEPARTMENT OF OPHTHALMOLOGY, A NATIONAL LEADER IN OPHTHALMOLOGY RESEARCH AND CLINICAL INNOVATION.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (10 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 2BUSINESS RELATIONSHIP: ARTHUR S. LEVINE, M.D., JOEL S. SCHUMAN, M.D., JONAS T. JOHNSON, M.D., DEEPINDER K. DHALIWAL, M.D., EUGENE N. MYERS, M.D., AND JENNIFER R. GRANDIS, M.D.
FORM 990, PART VI, SECTION A, LINE 4IN FEBRUARY, 2012, THE BYLAWS OF EYE AND EAR FOUNDATION WERE AMENDED. FOLLOWING IS A SUMMARY OF THE SIGNIFICATN CHANGES: 1. ARTICLE II, SECTION 2 - SPECIFY THAT THE UNIVERSITY OF PITTSBURGH (THE "UNIVERSITY") HAS THE RIGHT TO APPOINT TWO DIRECTORS (THE "UNIVERSITY DIRECTORS"), CONSISTENT WITH THE AMENDED AND RESTATED ARTICLES OF INCORPORATION OF THE FOUNDATION. 2. ARTICLE II, SECTION 4 - SPECIFY THAT THE UNIVERSITY HAS THE RIGHT TO FILL ANY VACANCIES AMONG THE UNIVERSITY DIRECTORS. 3. ARTICLE IV, SECTION 7 - CLARIFY THAT THE TREASURER MAY DELEGATE CERTAIN FUNCTIONS, SUCH AS MAINTENANCE OF BOOKS AND RECORDS, AND PREPARATION OF OPERATING AND CAPITAL BUDGETS. 4. ARTICLE V - ADD THE EXECUTIVE COMMITTEE AS A STANDING COMMITTEE, CONSISTENT WITH CURRENT OPERATIONS OF THE FOUNDATION. 5. ARTICLE VI, SECTION 1 - REQUIRE ACCEPTANCE OF GIFTS IN ACCORDANCE WITH A GIFT ACCEPTANCE POLICY, IF ONE IS ADOPTED. 6. ARTICLE X - CLARIFY THAT INDEMNIFICATION OF OFFICERS AND DIRECTORS BY THE FOUNDATION MUST BE CONSISTENT WITH THE FOUNDATION'S STATUS AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE TAX CODE.
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 CHAIR OF THE FINANCE COMMITTEE. 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 VIIJOSEPH F. NOVAK, MD IS A DIRECTOR EMERITUS OF THE ORGANIZATION WITH NO VOTING RIGHTS.
FORM 990, PART XI, LINE 5:NET UNREALIZED LOSSES ON INVESTMENTS: -82,849.CHANGES IN NET ASSETS OR FUND BALANCES:
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.
FORM 990, PART VI, SECTION B, LINE 15:EYE AND EAR FOUNDATION DOES NOT COMPENSATE ANY INDIVIDUALS FOR BOARD OR EMPLOYMENT SERVICES. FORM 990 REQUIRES EYE AND EAR FOUNDATION TO DISCLOSE COMPENSATION PAID BY ITS SUPPORTED ORGANIZATION, UNIVERSITY OF PITTSBURGH, FOR SERVICES THE INDIVIDUALS PROVIDE TO THE UNIVERSITY OF PITTSBURGH. COMPENSATION IS AWARDED BY THE UNIVERSITY OF PITTSBURGH PURSUANT TO A PROCESS THAT SATISFIES THE REQUIREMENTS OF THE INTERMEDIATE SANCTIONS REGULATIONS.

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