2012-08-08T14:57:45-05:00 2011-06-30 Massachusetts Eye and Ear Infirmary 243 Charles Street Boston MA 02114 990 2010-07-01 042129889 Schepens Eye Research Institute Inc SCHE 6179120100 20 Staniford Street Boston MA 02114 CarolAnn Williams 6179120100 2012-08-08 6175733942 2010 2016-02-24 21:20:13Z John Fernandez 243 Charles Street Boston MA 02114 45431932 0 X www.schepens.harvard.edu X 1950 MA The Schepens Eye Research Institute fights blindness by developing new technologies, therapies and knowledge to retain and restore vision. Through a continuum of discovery, the Institute works toward a future in which blindness is prevented, alleviated and ultimately cured. 25 25 228 86 0 0 27600132 25889793 0 0 1195892 703373 -302869 -183164 28493155 26410002 0 0 0 0 15667857 15534650 3712 5191 890550 13422619 12827552 29094188 28367393 -601033 -1957391 53192566 51744282 28437781 25020334 24754785 26723948 The Schepens Eye Research Institute fights blindness by developing new technologies, therapies and knowledge to retain and restore vision. Through a continuum of discovery, the Institute works toward a future in which blindness is prevented, alleviated and ultimately cured. 0 0 22102327 The Institute has research at every stage of development from the critical new ideas that are changing the way researchers around the world look at the future of treatment, to products in late-stage clinical trials, set to make an immediate impact on the lives of people struggling with vision-robbing diseases and injuries. The Institute has made tremendous progress in developing new cures for macular degeneration, diabetic retinopathy, glaucoma, other types of retinal and optic nerve degenerations and damage, dry eye and eye tissue transplants. There has also been great strides made in the development of new technologies - new lenses and devices - to help those with low vision make the absolute most out of the vision they have until we can reverse vision loss. 22102327 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 35 0 1 228 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Phillip Johnson 6175733105 20 Staniford Street Boston MA 02114 Kennett F Burnes 4.00 X 0 0 0 Mark B Abelson MD 2.00 X 0 0 0 William F Aikman 2.00 X 0 0 0 DeWalt H Ankeny Jr 2.00 X 0 0 0 Paul Braverman 2.00 X 0 0 0 David Coit 2.00 X 0 0 0 Charles de Gunzburg 2.00 X 0 0 0 Robert L Gable 2.00 X 0 0 0 Gerard D Goldstein 2.00 X X 0 0 0 Susan Hudson Wilson 2.00 X 0 0 0 Mark S Hughes MD 2.00 X 0 0 0 Donald R Korb OD 2.00 X 0 0 0 Kay Lyons 2.00 X 0 0 0 Renee Manger 2.00 X 0 0 0 Victoria McCullough 2.00 X 0 0 0 Scott Newquist 2.00 X 0 0 0 Patricia Patricelli 2.00 X 0 0 0 Nancy Raquet 2.00 X 0 0 0 John Reilly 2.00 X 0 0 0 Joseph F Rizzo III MD 2.00 X 0 0 0 Eleanor G Shore MD 2.00 X 0 0 0 David Snyder MD 2.00 X 0 0 0 Sherman H Starr 2.00 X 0 0 0 Glenn P Strehle 2.00 X 0 0 0 Kathryn C Vecellio 2.00 X 0 0 0 Kenneth M Fischer 60.00 X 283522 0 33213 Carolyn Bellefeuille 40.00 X 65523 0 6533 Rhonda Flanagan 40.00 X 57410 0 5818 Nancy Trevethick 40.00 X 108640 0 11288 Patricia D'Amore 40.00 X 227264 0 42543 Reza Dana 40.00 X 243757 0 42870 Eliezer Peli 40.00 X 303854 0 40747 Darlene Dartt 40.00 X 203020 0 49153 Mary Chatterton 40.00 X 192402 0 28695 Michael Gilmore 40.00 X 186318 0 30701 Ilene Gipson 40.00 X 179201 0 34580 Joan Stein Streilein 40.00 X 164234 0 28330 David Conlon 40.00 X 190263 0 23528 2405408 0 377999 25 1 1 0 Harvard University Harvard University Cambridge MA 02212 Research Services 458436 MGH Research Finance PO Box 3829 Boston MA 02241 Research Services 432191 Mintz Levin Cohn Ferris PO Box 4539 Boston MA 02212 Legal 148441 Carpenter & Associates LLC 109 State Street Suite 320 Boston MA 02109 Legal 147422 UCI Foundation 101 The City Drive Blding 55 Orange CA 92868 Research Services 135927 5 19362978 6526815 25889793 646166 646166 184925 184925 55433 504986 -449553 -449553 -449553 18307187 18219822 30158 87365 -30158 57207 57207 290229 266964 23265 23265 Parking income 531390 44437 44437 All other revenue 900009 13762 13762 58199 26410002 58199 0 462010 613250 513263 99987 11413860 9922434 1285338 206088 823107 715553 92692 14862 1922946 1579543 299221 44182 761487 647393 98328 15766 9756 9756 347793 96347 251446 200269 200269 5191 5191 172406 172406 122246 122246 15460 25 8742 6693 2248941 1982900 146141 119900 372487 297990 74497 33000 33000 5018558 4070081 777335 171142 331252 282860 46894 1498 62621 47671 14950 2733 2733 1943335 1244783 679102 19450 176998 99148 77850 Professional fees 608825 33632 398012 177181 Subcontracts 266327 266327 894545 657661 228274 8610 28367393 22102327 5374516 890550 182413 115688 1687216 1108870 287845 27682 411320 669255 66602232 46846215 20850813 19756017 26170545 28612412 3602414 1454358 53192566 51744282 3296091 3524063 3685451 2801240 11950000 9881109 9506239 8813922 28437781 25020334 X 2602970 1571784 9740050 12740399 12411765 12411765 24754785 26723948 53192566 51744282 X -1957391 3926554 X 0 1 1 1 1 X 22626485 22923339 23901174 27600132 25889793 122940923 22626485 22923339 23901174 27600132 25889793 122940923 122940923 2084715 1284546 1334459 778104 831091 6312915 129253838 0.95120 0.92760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 122246 0 0 122246 0 Part IV, Supplemental Information: Part II - B, Line 1 (g) - The Institute pays annual dues to the Association of Independent Research Institutes. Fifteen percent (15%) of the membership dues apply to lobbying expenses. The Institute does contact legislators in order to advocate for appropriations for vision research funding. 26069898 4502516 2135240 172406 28264768 24449540 100000 2619572 967886 131328 26069898 33779307 100000 -5912380 3342542 174845 24449540 0.18000 0.82000 0 0 202816 202816 40296540 22534819 17761721 8276783 8260816 15967 17826093 16050580 1775513 19756017 7998083 F Domestic Equities 3163212 F Global Equities 7441879 F Real estate investments 23690 F Cash and cash equivalents 308615 F Fixed income 9662713 F Other multi asset funds 14220 F 28612412 Deferred Credit 6465986 Deferred rent 2185466 Annuity obligations 162470 8813922 26410002 28367393 -1957391 3884434 42120 3926554 1969163 30936100 3884434 814070 4698504 26237596 172406 172406 26410002 28966937 771950 771950 28194987 172406 172406 28367393 Description of Intended Use of Endowment Funds: Part V, Line 4: The intended use of the Institute's endowment funds is to provide a predictable stream of funding to the supported research activities while seeking to maintain the purchasing power of the endowment assets. Schedule D, Part X, Line 2 - The Institute is a tax-exempt organization as described in Section501(c)(3) of the Internal Revenue Code and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The Institute has adopted FASB ASC 740-10, Accounting for Uncertainty in Income Taxes which requires the accounting for uncertainty in income tax recognized in an entity's financial statements. The standard requires entities to determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authorities before any part of the benefit can be recorded in the financial statements. It also provides guidance on the recognition, measurement, and classification of income tax uncertainties, along with any related interest or penalties. A tax postion is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement. Schedule D, Part XI, Line 8 - change in contributions receivable 16,926, change in split interest agreements (19,597), change in restricted gifts 44,791 Schedule D, Part XII, LIne 2d - Change in contributions receivable 16,926 Change in restricted gifts 44,791 rental expenses 504,986 event expenses 266,964 change in split interest agreements (19,597) Schedule D, Part XIII, Line 2d - Rental expenses 504,986, event expenses 266,954 North America (includign Canada) 0 0 Program services Lab supplies 1620 Europe(including Iceland and Greenland) 0 0 Program services Equipment Lab supplies 105844 East Asia and the Pacific 0 0 Program services Lab supplies 1647 Middle East and North Africa 0 0 Program services Lab supplies 960 Central America and the Caribbean Investments 4760783 North America (including Canada) Investments 1216795 0 0 0 0 0 0 6087649 0 6087649 1 0 0 0 0 0 Florida events 290229 290229 92089 4050 170825 290229 290229 92089 4050 170825 266964 23265 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Kenneth M Fischer 257500 0 25000 0 1022 0 31410 0 1803 0 316735 0 0 0 Patricia D'Amore 182764 0 44500 0 0 0 23780 0 18763 0 269807 0 0 0 Reza Dana 183757 0 60000 0 0 0 24107 0 18763 0 286627 0 0 0 Eliezer Peli 213854 0 90000 0 0 0 27694 0 13053 0 344601 0 0 0 Darlene Dartt 197820 0 0 0 5200 0 25190 0 18763 0 246973 0 0 0 Mary Chatterton 182402 0 10000 0 0 0 22734 0 5961 0 221097 0 0 0 Michael Gilmore 148361 0 20649 0 17308 0 19756 0 10945 0 217019 0 0 0 Ilene Gipson 179201 0 0 0 0 0 22478 0 12102 0 213781 0 0 0 Joan Stein Streilein 164234 0 0 0 0 0 20739 0 7591 0 192564 0 0 0 David Conlon 98220 0 0 0 92043 0 23528 0 0 0 213791 0 0 0 Part I, Line 1a Payment of tax obligation was part of an employment contract Massachusetts Development Finance Agency 043431814 None00000 2010-12-30 10000000 Refund prior issue 1/14/1998 0 0 0 10000000 771650 172500 39286 8954935 51629 2010 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 Peter Bex Recruitment package X 31500 27682 0 1 1 27682 Seyfarth Shaw LLP Partner is Institute trustee 138843 Legal services 0 Form 990, Part VI, Section A, line 6 The Instutute has a Board of Trustees. Form 990, Part VI, Section A, line 7a The Executive Committee of the Board of Trustees, which consists of the Chairman and from seven to eleven additional trustees may elect one or more members of the governing body in the case of vacancies or other circumstances. Form 990, Part VI, Section A, line 7b Certain important decsions such as budgets, financing decisions, etc must be approved by a majority of the members. Form 990, Part VI, Section B, line 11 After the Form 990 is completed it is reviewed by the Director Finance Operations and legal counsel. The Form 990 is then presented to the Finance Committee for review and approval. The Board of Trustees are also given the Form 990 for review with time to submit comments and questions before final filing. Form 990, Part VI, Section B, line 12c Each trustee, committee member and employee is provided with and asked to review a copy of the conflict of interest policy and acknowledge this review in writing. Annually each trustee, officer, committee member and employee completes a Conflict of Interest form identifying any relationships, positions or circumstances in which they are involved and that they believe could be a conflict of interest. Completed forms are due in the President's Office no later that January 31. The President's Office collects the forms checking that all are returned, signed and dated. The President's Office follows up with anyone who did not return a form to ensure that all forms are collected. The President's Office maintains on file, in a confidential manner, all completed forms for 3 years. Form 990, Part VI, Section B, line 15 The Executive Compensation Committee of the Board of Trustees, comprised of independent trustees, reviews salaries and employment contracts of executives and key employees on an as needed basis. It reviews salary and benefit survey data from other comparable non-profit institutions as compared to salaries of Institute executives and key employees and provides recommendations as deemed appropriate. Minutes are recorded. This procedure was last undertaken for all postions noted above in 2010. Form 990, Part VI, Section C, line 19 The Institute makes these documents available to the public upon request in either a hard copy or electronic format. Form 990, Part XI, Line 5 Net unrealized gains on investments 3,884,434, change in contributions receivable 16,926, change in split interest agreements (19,597), change in restricted gifts 44,791