2012-05-15T08:58:59-05:00 2011-06-30 SCHNEIDER DOWNS & CO INC 1133 PENN AVENUE PITTSBURGH PA 15222 990 2010-07-01 251439732 EYE AND EAR FOUNDATION EYEA 4128207035 BIOMEDICAL SCIENCES TWR 203 LOTHROP ST NO 119 PITTSBURGH PA 15213 PAUL VITTONE 4128207035 2012-05-11 1 SUSAN M KIRSCH 4122613644 2010 2016-02-24 21:20:13Z PAUL VITTONE BIOMEDICAL SCIENCES TWR 203 LOTHROP ST NO 1 PITTSBURGH PA 15213 4608581 0 X WWW.EYEANDEAR.ORG X 1983 PA ADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT. 15 10 0 13 -1310 -1310 246875 983210 0 0 -810471 297305 0 0 -563596 1280515 2435010 1933431 0 0 0 0 0 0 251738 288750 387309 2723760 2320740 -3287356 -1040225 24309806 28180945 281136 178853 24028670 28002092 X THE EYE & EAR FOUNDATION IS A 501(C)(3) SUPPORTING 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 1938546 1933431 0 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. 1938546 1 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 15 10 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 PA X PAUL VITTONE 4123838756 203 LOTHROP STREET 119 PITTSBURGH PA 15213 X DOUGLAS P DICK 0.50 X 0 0 0 ALBERT C MUSE 0.50 X 0 0 0 B GORDON NELSON III 0.50 X 0 0 0 HUBERTA S SICILIANO 0.50 X 0 0 0 VIOLET SOFFER 0.50 X 0 0 0 DEEPINDER K DHALIWAL MD 0.50 X 0 0 0 JENNIFER R GRANDIS MD FACS 0.50 X 0 227411 31963 JONAS T JOHNSON MD FACS 0.50 X 0 185314 37093 EUGENE N MYERS MD FACS FRCS 0.50 X 0 132702 33693 JOEL S SCHUMAN MD FACS 0.50 X 0 240360 46222 ARTHUR S LEVINE MD 0.50 X 0 787737 49256 PAUL R VITTONE 0.50 X X 0 0 0 GEORGE A FECHTER 0.50 X X 0 0 0 CHARLES R BRODBECK ESQ 0.50 X X 0 0 0 LAWRENCE N GUMBERG 0.50 X X 0 0 0 0 1573524 198227 0 0 1 0 0 10262 972948 983210 456522 -1310 457832 3168849 3328066 -159217 -159217 -159217 1280515 0 -1310 298615 1928131 1928131 5300 5300 27080 27080 26677 26677 72340 72340 16163 16163 1911 81 1830 4560 4560 1901 1901 500 500 EEF OPERATION EXPENSE 205155 205155 EVENT COSTS 24613 583 24030 BAD DEBT EXPENSE 3763 3763 MISCELLANEOUS 2335 2335 SCIENTIFIC ADVISORY COM 296 296 15 15 2320740 1938546 130456 251738 92053 290435 171615 190465 62498 0 73380 132795 23910260 27567250 24309806 28180945 156136 53853 125000 125000 281136 178853 X 16808267 19302555 5218988 6323922 2001415 2375615 24028670 28002092 24309806 28180945 X -1040225 5013647 X X 0 1 1 X 0 X X X 0 0 0 UNIVERSITY OF PGH 250965591 2 1 1 1 1928131 1 1928131 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2001415 430686 56486 2375615 1839375 194692 32652 2001415 2467831 -589608 38848 1839375 0.00000 1.00000 0.00000 0 0 0 PUBLIC EQUITY FUNDS 19784353 F PRIVATE EQUITY FUNDS 1567179 F FIXED INCOME FUNDS 4554283 F HEDGE FUNDS 50502 F COMMODITY FUNDS 1610933 F 27567250 1280515 2320740 -1040225 5013647 5013647 3973422 6294162 5013647 5013647 1280515 0 1280515 2320740 0 2320740 0 2320740 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 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 EXPENCTED TO BE TAKEN ON A TAX RETURN. THE FOUNDATION HAS ADOPTED THIS TOPIC WITHOUT IMPACT TO THE FINANCIAL STATEMENTS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 1610933 0 0 0 0 0 0 1610933 0 1610933 1 0 0 1 0 0 1 UNIVERSITY OF PITTSBURGH 203 LOTHROP AVE PITTSBURGH PA 15213 250965591 501(C)(3) 1928131 N/A N/A GENERAL SUPPORT FOR ACADEMIC RESEARCH 1 0 MUSE PRIZE TO HONOR LEADERS IN FIELDS OF OPHTHALMOLOGY & OTOLARYNGOLOGY 1 5000 N/A N/A PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE 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. 0 0 0 0 0 0 0 0 0 JENNIFER R GRANDIS MD FACS 0 196760 0 30051 0 600 0 24000 0 7963 0 259374 0 0 JONAS T JOHNSON MD FACS 0 184714 0 0 0 600 0 22812 0 14281 0 222407 0 0 EUGENE N MYERS MD FACS FRCS 0 132102 0 0 0 600 0 16800 0 16893 0 166395 0 0 JOEL S SCHUMAN MD FACS 0 239760 0 0 0 600 0 26909 0 19313 0 286582 0 0 ARTHUR S LEVINE MD 0 720057 0 0 0 67680 0 29400 0 19856 0 836993 0 0 SUPPLEMENTAL INFORMATION PART III SCHEDULE J, LINE 3: 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. FORM 990, PART VI, SECTION A, LINE 2 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.- BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE 1997 AGREEMENT WITH THE UNIVERSITY OF PITTSBURGH: NOTWITHSTANDING AND IN ADDITION TO ANY RIGHTS OF THE UNIVERSITY TO APPOINT OR DESIGNATE MEMBERS TO THE EYE AND EAR FOUNDATION'S BOARD UNDER OTHER AGREEMENTS OR ARRANGEMENTS WITH EYE AND EAR FOUNDATION (EEF) AND/OR EEF'S ARTICLES OF INCORPORATION, THE UNIVERSITY OF PITTSBURGH SHALL BE ENTITLED HEREUNDER TO DESIGNATE ONE INDIVIDUAL TO BE ELECTED TO SERVE AS A VOTING MEMBER OF THE BOARD, AND TO REQUEST THE REMOVAL OR REPLACEMENT OF SUCH BOARD MEMBER SHALL BE MADE IN WRITING BY THE UNIVERSITY'S SENIOR VICE CHANCELLOR FOR HEALTH SCIENCES (OR THE SUCCESSOR TO SUCH OFFICE) AND THE BOARD OF EEF SHALL EFFECT SUCH ELECTION OR REMOVAL PROMPTLY AFTER RECEIPT OF SAME. FORM 990, PART VI, SECTION B, LINE 11 THE 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 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 JOSEPH F. NOVAK, MD IS A DIRECTOR EMERITUS OF THE ORGANIZATION WITH NO VOTING RIGHTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,013,647. OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT: FORM 990, PART XI, QUESTION 2 THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. IN ADDITION, THE ORGANIZATION 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. SCHOOL OF MEDICINE OF THE UNIVERSITY OF PITTSBURGH 116 ATWOOD STREET SUITE 201 PITTSBURGH PA 15260 250965591 INSTRUCTION, RESEARCH, PUBLIC SERVICE, ACADEMIC SUPPORT PA 501(C)(3) 170(B) (1)(A)(II) N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0