2024-04-29T12:25:25-05:00 2023-06-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2022-07-01 251439732 EYE AND EAR FOUNDATION EYEA 4128641300 200 LOTHROP ST 251 PITTSBURGH PA 15213 ALDO ZINI TREASURER 4128641300 2024-04-24 1 ALDO ZINI 999009999 1 ELENA FAURIE P01684710 4122613644 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAWRENCE N GUMBERG 200 LOTHROP ST 251 PITTSBURGH PA 15213 28810339 0 X WWW.EYEANDEAR.ORG X 1983 PA ADVANCING ACADEMIC & RESEARCH EFFORTS OF OTOLARYNGOLOGY & OPHTHALMOLOGY DEPTS. AT UNIV. OF PITT. 31 31 0 32 10765 4067 3803546 6915882 0 0 6370858 -945079 0 0 10174404 5970803 4735438 6787573 0 0 0 0 0 0 563504 1833665 1374274 6569103 8161847 3605301 -2191044 54288220 55946526 268893 383699 54019327 55562827 X THE 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. 1 0 6943514 6787574 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 AND IMPROVE ACCESS TO CARE IN THE FIELDS OF OPHTHALMOLOGY AND OTOLARYNGOLOGY. MISSION OF MERCY ("MOM") IS AN ANNUAL TWO-DAY EVENT PROVIDING DENTAL, VISION, AND HEARING SERVICES. IN 2022, OVER 700 PATIENTS WERE SEEN, 681 FREE EYEGLASSES WERE PRESCRIBED, AND 79 FOLLOW-UP APPOINTMENTS WERE MADE. 6943514 1 1 0 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 31 31 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X LAWTON SNYDER 4128641300 200 LOTHROP ST 251 PITTSBURGH PA 15213 X X NEAL S BECKFORD MD BOARD MEMBER 0.50 X 0 0 0 HENRY S BEUKEMA BOARD MEMBER 0.50 X 0 0 0 GAIL BLEACH PHD ENTER 323 BOARD MEMBER 0.50 X 0 0 0 GLENN E BOST II BOARD MEMBER 0.50 X 0 0 0 MARGARETHA CASSELBRANT BOARD MEMBER 0.50 X 0 0 0 DEEPINDER K DHALIWAL MD LAC BOARD MEMBER 0.50 X 0 0 0 DOUGLAS P DICK BOARD MEMBER 0.50 X 0 0 0 GEORGE A FECHTER CHAIRMAN (EXIT 11/22) BOARD MEMBER 0.50 X 0 0 0 LOUIS J FOX BOARD MEMBER 0.50 X 0 0 0 BRUCE S GEBHARDT BOARD MEMBER 0.50 X 0 0 0 JONAS T JOHNSON MD FACS BOARD MEMBER 0.50 X 0 0 0 CAROLE L KAMIN BOARD MEMBER 0.50 X 0 0 0 ELENA LAQUATRA ENTER 922 BOARD MEMBER 0.50 X 0 0 0 JEFFREY MARKELESQ BOARD MEMBER 0.50 X 0 0 0 MICHELE M MCKENNEY BOARD MEMBER 0.50 X 0 0 0 DIANA L MRVOS MD BOARD MEMBER 0.50 X 0 0 0 ALBERT C MUSE BOARD MEMBER 0.50 X 0 0 0 EUGENE N MYERS MD FACS FRCS BOARD MEMBER 0.50 X 0 0 0 B GORDON NELSON III BOARD MEMBER 0.50 X 0 0 0 JOSE ALAIN SAHEL MD BOARD MEMBER 0.50 X 0 0 0 E RONALD SALVITTI MD BOARD MEMBER 0.50 X 0 0 0 ANANTHA SHEKHAR MD PHD BOARD MEMBER 0.50 X 0 0 0 JAMES L SOFFER BOARD MEMBER 0.50 X 0 0 0 PAUL R VITTONE BOARD MEMBER 0.50 X 0 0 0 NANCY D WASHINGTON BOARD MEMBER 0.50 X 0 0 0 BRUCE WIEGAND BOARD MEMBER 0.50 X 0 0 0 JOSE P ZEVALLOS MD MPH FACS (ENTER (9/22) BOARD MEMBER 0.50 X 0 0 0 LAWRENCE N GUMBERG CHAIRMAN (EFFECTIVE 11/22) 0.50 X X 0 0 0 CHARLES R BRODBECK ESQ VICE CHAIRMAN 0.50 X X 0 0 0 CYNTHIA SUNSERI SECRETARY 0.50 X X 0 0 0 ALDO ZINI TREASURER (EFFECTIVE 11/22) 0.50 X X 0 0 0 LAWTON SNYDER CHIEF EXECUTIVE OFFICER 37.50 X 0 0 0 0 0 0 0 0 0 0 0 6915882 119547 6915882 1059689 10765 1048924 20834768 22839536 -2004768 -2004768 -2004768 5970803 0 10765 -955844 6773373 6773373 14200 14200 5034 5034 36926 36926 148949 148949 2813 2813 3425 3425 7812 7812 27166 27166 42045 42045 54180 54180 34361 34361 15341 15341 OPERATION EXPENSE 992212 97761 330947 563504 SCIENTIFIC ADVISORY COM 4000 4000 FOREIGN TAXES PAID 10 10 8161847 6943514 654829 563504 936164 193192 737438 921706 117141 148789 10475713 7566722 42021764 47116117 54288220 55946526 62164 63706 206729 319993 268893 383699 X 18218757 18196773 35800570 37366054 54019327 55562827 54288220 55946526 -2191044 3734544 0 X X 0 1 X 1 0 X 1934940 3821056 2593262 3803546 6915882 19068686 1934940 3821056 2593262 3803546 6915882 19068686 6072889 12995797 707596 545124 597592 810855 1048924 3710091 25326 5519 30845 22809622 0.56980 0.57490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5481801 70000 399945 397676 5554070 6397097 78919 -591817 402398 5481801 5331220 25100 1432904 392127 6397097 5511011 125200 71185 376176 5331220 5592615 120415 214168 416187 5511011 0.00000 1.00000 0.00000 0 0 0 PUBLIC EQUITY FUNDS 27571133 F PRIVATE EQUITY FUNDS 1238143 F FIXED INCOME FUNDS 18306841 F 47116117 X 9556398 3734544 3734544 5821854 148949 148949 5970803 8012898 0 8012898 148949 148949 8161847 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 FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE ACCOUNTING STANDARDS CODIFICATION (ASC), 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 2020. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 FOREIGN INVESTMENTS N/A 2674560 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FOREIGN INVESTMENTS N/A 118639 0 0 0 0 0 0 2793199 0 2793199 1 0 0 1 1 0 PART III ACCOUNTING METHOD: 1 UNIVERSITY OF PITTSBURGH 203 LOTHROP AVE PITTSBURGH PA 15213 250965591 501(C)(3) 6554903 0 N/A N/A GENERAL SUPPORT FOR ACADEMIC RESEARCH UPMC 203 LOTHROP AVE PITTSBURGH PA 15213 251423657 501(C)(3) 93470 0 N/A N/A GENERAL SUPPORT FOR ACADEMIC RESEARCH PARKVIEW HEALTH 2220 PARKVIEW PLAZA DR FT WAYNE IN 46845 350868085 501(C)(3) 125000 0 N/A N/A GENERAL SUPPORT FOR ACADEMIC RESEARCH 3 0 MUSE PRIZE 1 5000 0 N/A N/A MUSE ENDOWED RESEARCH AWARD 1 4000 0 N/A N/A ZOLA GOLD AWARD 1 1000 0 N/A N/A SICILIANO LECTURE HONORARIUM 1 1000 0 N/A N/A BJ FERGUSON LECTURE HONORARIUM 1 1000 0 N/A N/A RESEARCH AWARDS 5 2200 0 N/A N/A PART I, LINE 2: GRANTS 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 2022 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. X 2 119547 COST/SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE AMOUNT SHOWN IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH TYPE OF PROPERTY FOR THE YEAR ENDED JUNE 30, 2023. FORM 990, PART III, LINE 2 MISSION OF MERCY ("MOM") IS AN ANNUAL TWO-DAY EVENT PROVIDING DENTAL, VISION, AND HEARING SERVICES. FORM 990, PART VI, SECTION A, LINE 1A THE 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 2 BUSINESS RELATIONSHIPS: DEEPINDER K. DHALIWAL, MD, LAC, JONAS T. JOHNSON, MD, EUGENE N. MYERS, MD, AND JOSE-ALAIN SAHEL, MD FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL ELECT ALL MEMBERS OF THE BOARD, EXCEPT THE UNIVERSITY OF PITTSBURGH DIRECTORS. UNIVERSITY OF PITTSBURGH SHALL HAVE THE RIGHT TO APPOINT TWO UNIVERSITY DIRECTORS. THE EYE & EAR FOUNDATION'S NOMINATING 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 11B THE FORM 990 IS REVIEWED BY THE BOARD CHAIRMAN 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 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 CHARLES C. COHEN IS A HONORARY DIRECTOR 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.