2011-04-29T14:07:37-07:00 2010-06-30 990 2009-07-01 042129889 SCHEPENS EYE RESEARCH INSTITUTE INC SCHE 6179120100 20 Staniford Street Boston MA 02114 Kenneth Fischer 6179122620 2011-04-29 2009 2016-02-24 21:20:13Z Kenneth M Fischer 20 Staniford Street Boston MA 02114 52027676 0 X schepens.harvard.edu X 1957 MA 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 56 0 0 23901174 27600132 0 0 559450 1195892 -380418 -302869 24080206 28493155 0 0 0 0 15038245 15667857 8070 3712 1127595 12835530 13422619 27881845 29094188 -3801639 -601033 51734123 53192566 27890238 28437781 23843885 24754785 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 24121623 0 0 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. 0 0 0 24121623 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 1 228 1 0 0 0 0 0 1 1 0 0 0 25 25 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Kenneth Fischer 6179120100 20 Staniford Street Boston MA 021142500 Mark B Abelson MD 0.2 X 0 0 0 William Aikman 0.2 X 0 0 0 De Walt Ankeny Jr 0.2 X 0 0 0 Paul Braverman 0.2 X 0 0 0 Kennett F Burnes 1 X 0 0 0 David M Coit 0.2 X 0 0 0 Gerard Goldstein 0.20 X X 0 0 0 Charles S de Gunzburg 0.2 X 0 0 0 Robert L Gable 0.3 X 0 0 0 Susan Hudson Wilson 0.2 X 0 0 0 Mark S Hughes 0.2 X 0 0 0 Donald R Korb OD 0.2 X 0 0 0 Kay Lyons 0.2 X 0 0 0 Renee Manger 0.2 X 0 0 0 Victoria D McCullough 0.2 X 0 0 0 Scott Newquist 0.2 X 0 0 0 Patricia M Patricelli 0.2 X 0 0 0 Nancy Raquet 0.2 X 0 0 0 John H Reilly 0.2 X 0 0 0 Joseph F Rizzo III MD 0.2 X 0 0 0 TRG Sear 0.2 X 0 0 0 Eleanor G Shore MD 0.2 X 0 0 0 David A Snyder MD 0.2 X 0 0 0 Sherman H Starr 0.2 X 0 0 0 Glenn P Strehle 0.2 X 0 0 0 A Raymond Tye 0.2 X 0 0 0 Kathryn C Vecellio 0.2 X 0 0 0 Kenneth Fischer 40 X X 271897 0 8744 David Conlon 40 X X 236226 0 38978 Carolyn Bellefeuille 40 X 63993 0 13047 Eliezer Peli 40 X X 275479 0 46982 Patricia D'Amore 40 X X 191881 0 44114 Reza Dana 40 X X 189758 0 47674 Michael Gilmore 40 X 369499 0 49737 Mary Chatterton 40 X 182424 0 30647 Darlene Dartt 40 X 192878 0 46066 Joan Stein Streilein 40 X 161081 0 28464 Ilene Gipson 40 X 173761 0 35430 2308877 0 389883 26 0 1 0 MGH Reseach Finance Cambridge Street Boston MA 02114 Research Services 524211 President and Fellows of Harvard Harvard University Cambridge MA 02115 Research Services 328620 Mintz Levin Cohen & Ferris 1 Financial Center Boston MA 02212 Legal 148441 UCI Foundation Dept of Opth Orange CA 92868 Research 135927 Carpenter & Associates 84 State Street Boston MA 02109 Legal 132565 7 0 0 0 0 20439097 7161035 83691 27600132 0 761762 0 0 761762 0 0 0 0 16342 0 0 16342 82137 0 493792 0 -411655 0 -411655 0 0 -411655 23295153 0 22861023 0 434130 0 434130 0 0 434130 181028 0 179706 1322 1322 0 0 Parking Income 531390 35988 35988 0 0 55134 55134 0 0 91122 28493155 92444 0 800579 790830 0 640480 150350 11384928 10113253 963581 308094 948998 813002 98639 37357 1781404 1582424 127029 71951 761697 676617 64467 20613 15186 15186 352104 136648 215456 87665 87665 0 0 0 0 3712 3712 131328 131328 121130 121130 64730 2064 14225 48441 2703848 2495350 120000 88498 117594 94075 23519 0 0 0 0 5271155 4451959 639362 179834 405087 339655 60880 4552 0 0 0 0 67429 57361 9818 250 0 0 0 0 0 0 0 0 1987561 1837204 130387 19970 221481 139279 82202 Subcontracts 1128924 1128924 0 0 Miscellaneous 283807 109277 140340 34190 Professional Fees 463590 23401 280406 159783 29094188 24121623 3844970 1127595 71980 182413 919798 1687216 300000 287845 387357 411320 65908369 45057556 21932700 20850813 18639078 5876424 26170545 3606786 3602414 51734123 53192566 2690990 3296091 2796979 3685451 12265000 11950000 10137269 9506239 27890238 28437781 X 3234125 2602970 8197995 9740050 12411765 12411765 23843885 24754785 51734123 53192566 X 0 1 1 X 1 1 X 23661236 22626485 22923339 23901174 27600132 120712366 0 0 0 0 0 0 0 0 0 0 23661236 22626485 22923339 23901174 27600132 120712366 0 120712366 3933219 2084715 1284546 1334459 778104 9415043 0 0 0 0 0 0 0 0 0 0 130127409 0.92765 0.90797 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 121130 0 0 121130 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 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. 24449540 100000 2619572 0 967886 131328 26069898 33779307 100000 -5912380 0 3342542 174845 24449540 0.233 0.767 0 0 0 0 202818 202818 0 40186236 20970525 19215711 0 8260245 8260245 0 0 17259070 15826786 1432284 0 0 0 0 20850813 14918686 F 0 F Domestic Equitites 2566767 F Global Equities 7154488 F Real Estate Investments 16909 F Cash & Cash Equivalents 1513695 F 26170545 Trustee Held Bond Funds 3437966 Funds held in trust by others 164448 3602414 Annuity Obligations 168141 Deferred Rent 2251566 Deferred Credit 7086532 9506239 28493155 29094188 -601033 1439097 0 0 0 72836 1511933 910900 30547258 1439097 0 0 807024 2246121 28301137 131328 60690 192018 28493155 29636358 0 0 0 673498 673498 28962860 131328 0 131328 29094188 SchD_P05_S00_L04 Schedule D, 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. SchD_P10_S00_L00 Schedule D, Part X The Institute is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code and is generally exempt from income taxes pursuant to Section 501(a) of the Code. Effective July 1, 2007 the Institute adopted FASB 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 position is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Change in Contribution Receivable - 147,995 Change in split-interest agreements (14,469) non-cash donations (60690) Net 72,836 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Change in contributions receivable 147,995 Change in split interest agreements (14,469) Rental expenses 493,792 Event expenses 179,706, Total 807,024 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b non-cash donations SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Rental Expenses 493,792 Event Expenses 179,706 Net 673,498 East Asia and the Pacific Program Services Research services 525 Europe (including Iceland and Greenland) Program Services Research services and equipment 116769 Middle East and North Africa Program Services Research services 10035 North America (including Canada and Mexico, but not the United States) Program Services Research services 590 0 0 127919 Florida events 181028 0 181028 0 0 0 51108 450 128148 0 0 181028 0 181028 0 0 0 51108 450 128148 179706 1322 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Kenneth Fischer 257500 0 14397 0 0 0 6510 0 2234 0 280641 0 0 0 David Conlon 240991 0 0 0 0 0 31244 0 7734 0 279969 0 0 0 Michael Gilmore 300000 0 0 0 69499 0 31410 0 18327 0 419236 0 0 0 Eliezer Peli 216971 0 58508 0 0 0 26655 0 20327 0 322461 0 0 0 Mary Chatterton 182424 0 0 0 0 0 22734 0 10649 0 215807 0 0 0 Darlene Dartt 192878 0 0 0 0 0 24739 0 25978 0 243595 0 0 0 Joan Stein Streilein 161081 0 0 0 0 0 19558 0 11812 0 192451 0 0 0 Patricia D'Amore 190850 0 1031 0 0 0 23287 0 20827 0 235995 0 0 0 Reza Dana 187912 0 1846 0 0 0 22847 0 24827 0 237432 0 0 0 Ilene Gipson 173761 0 0 0 0 0 21604 0 17688 0 213053 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Tax obligation payment was part of an employment contract Michael Gilmore Recruitment Package X 500000 256250 0 1 1 Peter Bex Recruitment Package X 31500 31595 0 1 1 287845 X 7 23001 average of high & low price on gift date X Silent Auction items 4 2890 fair market value X Centerpieces 1 2000 fair market value X food & tickets for Red Sox game 1 5800 fair market value X advertising logo Indianapolis 500 1 50000 market value 0 1 0 F990_P06_S0A_L07a 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. F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 After preparation in the Finance Office the Form 990 is reviewed by the President. The chairman of the Finance Committee is then provided the Institute's Form 990 for review and concurrence before it is filed with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Each trustee, officer, committee memeber and employee is provoded with and asked to review a copy of the conflict of interest policy and acknowledge this review in writing. Annually in December each trustee, officer, committee member and employee completes a Conflict of Interest form identifying any relationships, positions or cirmcumstances 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 than 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Executive Compensation Committee of the Board of Trustees, comprised of independent trustees, reviews salaries and emplyment 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 positions noted above in 2010. F990_P06_S0C_L19 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 electroinc format.