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THE BOSTON FOUNDATION FOR SIGHT: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
THE BOSTON FOUNDATION FOR SIGHT (EIN 04-3150037)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-26
IRS object ID
202201469349301620
Schema version
2021v4.2
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)
Return2022-05-26T17:16:47-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AAFCPAS INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line150 WASHINGTON STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043150037EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BOSTON FOUNDATION FOR SIGHT INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBOSTBusinessNameControlTxt
Phone7817267337PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1464 HILLSIDE AVENUE 205AddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHERYL SADELIPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone7817267337PhoneNum
Signature2022-05-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHERYLPersonFirstNm
Person LastSADELIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHARLES J WEBB CPAPreparerPersonNm
PTINP01584539PTIN
Phone5083669100PhoneNum
Preparation2022-05-26PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1BOSTONSIGHTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerSARA YOSTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1464 HILLSIDE AVENUE 205AddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,445,390GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BOSTONSIGHT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1992FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionBOSTON FOUNDATION FOR SIGHT, D/B/A BOSTONSIGHT, IS A WORLD RENOWNED NONPROFIT EYE HEALTH CARE ORGANIZATION. OUR MISSION IS TO IMPROVE QUALITY OF LIFE BY TRANSFORMING THE UNDERSTANDING, TREATMENT, AND CARE OF THE OCULAR SURFACE. WE ACHIEVED THIS THROUGH FIVE KEY STRATEGIES: PUBLIC AND PROFESSIONAL EDUCATION; CLINICAL RESEARCH; PATIENT ENGAGEMENT AND EMPOWERMENT; SPECIALIZED MEDICAL TREATMENT; AND TECHNICAL INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body12VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee54TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,160,076PYContributionsGrantsAmt
CY Contributions Grants$1,466,279CYContributionsGrantsAmt
PY Program Service Revenue$3,942,491PYProgramServiceRevenueAmt
CY Program Service Revenue$4,899,375CYProgramServiceRevenueAmt
PY Investment Income$10,349PYInvestmentIncomeAmt
CY Investment Income$1,994CYInvestmentIncomeAmt
PY Other Revenue$95,070PYOtherRevenueAmt
CY Other Revenue$77,742CYOtherRevenueAmt
PY Total Revenue$5,207,986PYTotalRevenueAmt
CY Total Revenue$6,445,390CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,180,173PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,537,598CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$80,941CYTotalFundraisingExpenseAmt
PY Other Expenses$1,775,433PYOtherExpensesAmt
CY Other Expenses$1,883,402CYOtherExpensesAmt
PY Total Expenses$4,955,606PYTotalExpensesAmt
CY Total Expenses$5,421,000CYTotalExpensesAmt
PY Revenues Less Expenses$252,380PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,024,390CYRevenuesLessExpensesAmt
Total Assets BOY$6,242,671TotalAssetsBOYAmt
Total Assets EOY$7,511,659TotalAssetsEOYAmt
Total Liabilities BOY$1,370,463TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,594,221TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,872,208NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,917,438NetAssetsOrFundBalancesEOYAmt
MissionOUR MISSION IS TO IMPROVE QUALITY OF LIFE BY TRANSFORMING THE UNDERSTANDING, TREATMENT, AND CARE OF THE OCULAR SURFACE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,192,265ExpenseAmt
Revenue$4,899,375RevenueAmt
DescBOSTON FOUNDATION FOR SIGHT, D/B/A BOSTONSIGHT, IS A WORLD RENOWNED NONPROFIT EYE HEALTH CARE ORGANIZATION. OUR MISSION IS TO IMPROVE QUALITY OF LIFE BY TRANSFORMING THE UNDERSTANDING, TREATMENT, AND CARE OF THE OCULAR SURFACE. SINCE 1992 WE HAVE RESTORED SIGHT TO THOUSANDS OF PATIENTS FROM AROUND THE WORLD. PROSTHETIC REPLACEMENT OF THE OCULAR SURFACE ECOSYSTEM (PROSE) IS AN INTEGRATED AND ITERATIVE TREATMENT PIONEERED BY BOSTONSIGHT THAT RESTORES VISUAL FUNCTION, SUPPORTS HEALING, REDUCES SYMPTOMS AND IMPROVES QUALITY OF LIFE FOR PATIENTS SUFFERING WITH OCULAR SURFACE DISEASE. BOSTONSIGHT PROSE USES FDA CLEARED (1994) CUSTOM DESIGNED AND FABRICATED PROSTHETIC DEVICES TO REPLACE OR SUPPORT IMPAIRED OCULAR SURFACE SYSTEM FUNCTIONS.Desc
Total Program Service Expenses$4,192,265TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee54EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members12GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHERYL SADELIPersonNm
Phone7817267337PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1464 HILLSIDE AVE SUITE 205AddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
SARA YOST
PRESIDENT & CHIEF EXECUTIVE OFFICER40.00Yes (X)Yes (X)$281,749$0$29,728
DANIEL BROCKS MD
MD, CHIEF MEDICAL OFFICER40.00$277,503$0$30,203Yes (X)
LAUREL LUCREZIA
CHIEF BUSINESS DEVELOPMENT/CLERK40.00Yes (X)$183,920$0$26,427
KAREN CARRASQUILLO OD PHD
VP OF CLINICAL & PROF AFFA40.00$195,288$0$9,048Yes (X)
KLIMENTY LEVIN
SOFTWARE ARCHITECT40.00$162,168$0$8,711Yes (X)
ALAN KWOK
DIR OF PROSE NETWORK CLINICAL REL40.00$142,679$0$24,806Yes (X)
BITA ASGHARI
ASSOC DIRECTOR OF CLINICAL EDUCATION40.00$129,732$0$12,786Yes (X)
CHIRAG PATEL
ASSOC DIRECTOR OF INNOVATIVE TECHNOLOGIES40.00$126,745$0$12,595Yes (X)
GLEN R BUNNELL
CFO/TREASURER (UNTIL 9/2021)40.00Yes (X)$108,673$0$16,744
OLGA TOMASHEVSKAYA
DIRECTOR OF ENGINEERING40.00$117,331$0$7,039Yes (X)
CHERYL SADELI
CHIEF FINANCIAL OFFICER (AS OF 12/21)40.00Yes (X)$0$0$0
DAVID ROSENBLOOM
BOARD CHAIR0.25Yes (X)$0$0$0
EUGENE BONTE
DIRECTOR0.25Yes (X)$0$0$0
SARAH SHOAF CABOT JD
DIRECTOR0.25Yes (X)$0$0$0
MICHAEL RAIZMAN MD
DIRECTOR0.25Yes (X)$0$0$0
J LOUIS MACDONALD
DIRECTOR0.25Yes (X)$0$0$0
CLIFFORD SCOTT OD
DIRECTOR0.25Yes (X)$0$0$0
KATHLEEN WEINGARTEN
DIRECTOR0.25Yes (X)$0$0$0
PAMELA J ANDERSON JD
DIRECTOR0.25Yes (X)$0$0$0
HOWARD PURCELL OD
DIRECTOR0.25Yes (X)$0$0$0
RON REMY
DIRECTOR0.25Yes (X)$0$0$0
MARCUS HUGHES ESQ
DIRECTOR0.25Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,725,788TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$178,087TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K11IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RSM US LLPBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line180 CITY SQUAREAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02129ZIPCd
FieldValueIRS element (for citing)
ServicesIT CONSULTINGServicesDesc
Compensation$274,266CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$691,700GovernmentGrantsAmt
All Other Contributions$774,579AllOtherContributionsAmt
Noncash Contributions$102,971NoncashContributionsAmt
Total Contributions$1,466,279TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PATIENT SERVICES, NET621110$3,085,992$3,085,992
NETWORK CLINIC REVENUE621110$1,813,383$1,813,383
FieldValueIRS element (for citing)
Total Program Service Revenue$4,899,375TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,994TotalRevenueColumnAmt
Exclusion$1,994ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$77,742TotalRevenueColumnAmt
Exclusion$77,742ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,445,390TotalRevenueColumnAmt
Related Or Exempt Func Income$4,899,375RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$79,736ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,159,281TotalAmt
Program Services$739,994ProgramServicesAmt
Management And General$391,508ManagementAndGeneralAmt
Fundraising$27,779FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,827,359TotalAmt
Program Services$1,449,131ProgramServicesAmt
Management And General$364,858ManagementAndGeneralAmt
Fundraising$13,370FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$76,926TotalAmt
Program Services$66,951ProgramServicesAmt
Management And General$9,169ManagementAndGeneralAmt
Fundraising$806FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$176,016TotalAmt
Program Services$132,548ProgramServicesAmt
Management And General$42,046ManagementAndGeneralAmt
Fundraising$1,422FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$298,016TotalAmt
Program Services$226,883ProgramServicesAmt
Management And General$68,506ManagementAndGeneralAmt
Fundraising$2,627FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$18,351TotalAmt
Program Services$5,310ProgramServicesAmt
Management And General$13,041ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$39,500TotalAmt
Management And General$39,500ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,030TotalAmt
Management And General$1,030ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$27,143TotalAmt
Program Services$24,995ProgramServicesAmt
Management And General$2,135ManagementAndGeneralAmt
Fundraising$13FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$262,409TotalAmt
Program Services$226,172ProgramServicesAmt
Management And General$17,357ManagementAndGeneralAmt
Fundraising$18,880FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$119,653TotalAmt
Program Services$92,060ProgramServicesAmt
Management And General$24,384ManagementAndGeneralAmt
Fundraising$3,209FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$188,493TotalAmt
Program Services$137,434ProgramServicesAmt
Management And General$39,474ManagementAndGeneralAmt
Fundraising$11,585FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$9,059TotalAmt
Program Services$8,141ProgramServicesAmt
Management And General$918ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$7,997TotalAmt
Program Services$7,872ProgramServicesAmt
Management And General$125ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,862TotalAmt
Management And General$6,862ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$599,530TotalAmt
Program Services$597,767ProgramServicesAmt
Management And General$1,307ManagementAndGeneralAmt
Fundraising$456FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$66,178TotalAmt
Program Services$46,514ProgramServicesAmt
Management And General$19,335ManagementAndGeneralAmt
Fundraising$329FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$272,185$272,185
SERVICE FEES$101,592$0$101,335$257
OUTSIDE SERVICES$61,872$61,103$561$208
OTHER EXPENSES$50,079$50,079

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$51,469TotalAmt
Program Services$47,126ProgramServicesAmt
Management And General$4,343ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,421,000TotalAmt
Program Services$4,192,265ProgramServicesAmt
Management And General$1,147,794ManagementAndGeneralAmt
Fundraising$80,941FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$185,830BOYAmt
EOY$738,879EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,029,991BOYAmt
EOY$2,271,130EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,097,900BOYAmt
EOY$1,224,819EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$358,729BOYAmt
EOY$287,605EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$68,657BOYAmt
EOY$76,784EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,608,220LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,198,925LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,277,541BOYAmt
EOY$1,409,295EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,224,023BOYAmt
EOY$1,503,147EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,242,671BOYAmt
EOY$7,511,659EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$645,302BOYAmt
EOY$812,129EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$369,509BOYAmt
EOY$514,893EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$355,652BOYAmt
EOY$267,199EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,370,463BOYAmt
EOY$1,594,221EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,664,290BOYAmt
EOY$5,670,405EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$207,918BOYAmt
EOY$247,033EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,872,208BOYAmt
EOY$5,917,438EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,242,671BOYAmt
EOY$7,511,659EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,024,390ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$99NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$20,741OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$251,134CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$275,022CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$433,481CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,160,076CurrentTaxYearMinus1YearAmt
Current Tax Year$1,466,279CurrentTaxYearAmt
Total$3,585,992TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$251,134CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$275,022CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$433,481CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,160,076CurrentTaxYearMinus1YearAmt
Current Tax Year$1,466,279CurrentTaxYearAmt
Total$3,585,992TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$595,949SubstantialContributorsTotAmt
Public Support Total170$2,990,043PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,965CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$92,003CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$378,980CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$61,896CurrentTaxYearMinus1YearAmt
Current Tax Year$79,736CurrentTaxYearAmt
Total$616,580TotalAmt
FieldValueIRS element (for citing)
Total Support$4,202,572TotalSupportAmt
Gross Receipts Rltd Activities$23,999,349GrossReceiptsRltdActivitiesAmt
Public Support CY1700.71150PublicSupportCY170Pct
Public Support PY1700.64680PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$185,000BeginningYearBalanceAmt
End Year Balance$185,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$185,000BeginningYearBalanceAmt
End Year Balance$185,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$185,000BeginningYearBalanceAmt
End Year Balance$185,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$185,000BeginningYearBalanceAmt
End Year Balance$185,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$185,000BeginningYearBalanceAmt
End Year Balance$185,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$554,000OtherCostOrOtherBasisAmt
Depreciation$536,224DepreciationAmt
Book Value$17,776BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,039,414OtherCostOrOtherBasisAmt
Depreciation$3,647,895DepreciationAmt
Book Value$1,391,519BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,806OtherCostOrOtherBasisAmt
Depreciation$14,806DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,409,295TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DUE FROM AFFILIATE$1,470,385
DEPOSITS$32,762
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,503,147TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE ENDOWMENT IS SOLELY USED TO SUPPORT PATIENT SERVICES.
PART X, LINE 2:BOSTONSIGHT ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BOSTONSIGHT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT DECEMBER 31, 2021. BOSTONSIGHT HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DETERMINATION OF WHICH ACTIVITIES ARE RELATED AND UNRELATED AS ITS ONLY SIGNIFICANT TAX POSITIONS AND HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. BOSTONSIGHT IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation Required0SubstantiationRequiredInd
Independent ConsultantYes (X)IndependentConsultantInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
SARA YOST
PRESIDENT & CHIEF EXECUTIVE OFFICER$281,208$0$541$0$0$0$11,755$0$17,973$0$311,477$0$0$0
DANIEL BROCKS MD
MD, CHIEF MEDICAL OFFICER$276,977$0$526$0$0$0$11,389$0$18,814$0$307,706$0$0$0
LAUREL LUCREZIA
CHIEF BUSINESS DEVELOPMENT/CLERK$183,355$0$565$0$0$0$7,613$0$18,814$0$210,347$0$0$0
KAREN CARRASQUILLO OD PHD
VP OF CLINICAL & PROF AFFA$194,756$0$532$0$0$0$7,850$0$1,198$0$204,336$0$0$0
KLIMENTY LEVIN
SOFTWARE ARCHITECT$161,624$0$544$0$0$0$6,432$0$2,279$0$170,879$0$0$0
ALAN KWOK
DIR OF PROSE NETWORK CLINICAL REL$142,126$0$553$0$0$0$5,992$0$18,814$0$167,485$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I. LINE 7:FormAndLineReferenceDesc
ExplanationALL STAFF MEMBERS RECEIVED A $500 GIFT CARD. THE PRESIDENT OF BOSTON FOUNDATION FOR SIGHT DETERMINED THE AMOUNT AND APPROVED THE GIFT CARDS FOR PAYMENT.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$15,971NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescEQUIPMENTDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$87,000NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BUPON RECEIVING DRAFTS FROM OUR CPA FIRM (AUDITORS), BOSTONSIGHT WILL TAKE THE FOLLOWING STEPS TO ASSURE ACCURACY AND COMPLIANCE WITH FEDERAL TAX REGULATIONS. THE PRESIDENT AND CFO OF BOSTONSIGHT WILL REVIEW THE FORM 990 IN DETAIL INCLUDING ACCOUNT GROUPINGS. UPON SATISFACTORY REVIEW, THE BOSTONSIGHT TREASURER WILL SUBMIT THE FORM 990 DRAFT TO THE BOSTONSIGHT AUDIT COMMITTEE. THE CPA FIRM WILL HOLD A MEETING FOR THE AUDIT COMMITTEE TO ADDRESS ANY CONCERNS OR QUESTIONS . UPON SATISFACTORY REVIEW BY THE AUDIT COMMITTEE, THE FINAL FORM 990 WILL BE GENERATED BY THE CPA FIRM. THE FINAL COPY OF THE FORM 990 WILL BE EMAILED TO ALL BOARD MEMBERS BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CWE REQUIRE BOSTONSIGHT DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO SIGN A CONFLICT OF INTEREST ACKNOWLEDGEMENT AND DISCLOSURE STATEMENT ANNUALLY. THE CEO AND CFO REVIEW THE FORMS AND DETERMINE IF A POTENTIAL CONFLICT EXISTS. ANY INDIVIDUAL THAT HAS A CONFLICT IS RECUSED FROM DISCUSSION AND VOTING ON THE GIVEN TOPIC.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.
FORM 990, PART XI, LINE 9:INTER-COMPANY RECLASSIFICATION 20,741.
FORM 990, PART XII, LINE 2CBOSTONSIGHT HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1BOSTONSIGHT SPECIALTY LENSES INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1464 HILLSIDE AVE SUITE 205AddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02494ZIPCd
FieldValueIRS element (for citing)
EIN832514718EIN
Primary ActivitiesMANUFACTURING MEDICAL DEVICESPrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1THE BOSTON FOUNDATION FOR SIGHTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Share Of Total Income-$68,814ShareOfTotalIncomeAmt
Share Of EOY Assets-$1,276,722ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
BOSTONSIGHT SPECIALTY LENSES INC
Q$1,819,313INTERCOMPANY REVENUE/EXPENSES
BOSTONSIGHT SPECIALTY LENSES INC
D$1,470,385AMOUNT DUE FROM SPECIALTY LENSES