2021-07-22T07:03:51-05:00 2020-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-01-01 043150037 THE BOSTON FOUNDATION FOR SIGHT INC BOST 7817267337 464 HILLSIDE AVENUE NO 205 NEEDHAM MA 02494 GLEN R BUNNELL CHIEF FINANCIAL OFFICER 7817267337 2021-07-20 1 GLEN BUNNELL XXX-XX-XXXX CHARLES J WEBB CPA P01584539 5083669100 2021-07-20 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BOSTONSIGHT SARA YOST 464 HILLSIDE AVENUE NO 205 NEEDHAM MA 02494 5207986 0 X WWW.BOSTONSIGHT.ORG X 1992 MA BOSTON 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. 9 8 52 8 0 0 433481 1160076 4816924 3942491 614097 10349 362897 95070 6227399 5207986 0 0 0 0 3215922 3180173 0 0 124221 1915071 1775433 5130993 4955606 1096406 252380 6149488 6242671 1529660 1370463 4619828 4872208 OUR MISSION IS TO IMPROVE QUALITY OF LIFE BY TRANSFORMING THE UNDERSTANDING, TREATMENT, AND CARE OF THE OCULAR SURFACE. 0 0 3807569 5207986 BOSTON 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. 3807569 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 52 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X GLEN R BUNNELL 7817267337 464 HILLSIDE AVE SUITE 205 NEEDHAM MA 02494 DANIEL BROCKS MD MEDICAL DIRECTOR 40.00 X 268390 0 38021 SARA YOST CEO/DIRECTOR 40.00 X X 208171 0 38291 LAUREL LUCREZIA CHIEF BUSINESS DEVELOPMENT OFFICER 40.00 X 173370 0 31198 KAREN CARRASQUILLO OD PHD VP OF CLINICAL & PROF AFFA 40.00 X 184688 0 11130 GLEN R BUNNELL CFO 40.00 X 142833 0 34791 ALAN KWOK OPTOMETRIST 40.00 X 133111 0 34999 KLIMENTY LEVIN SOFTWARE ENGINEER 40.00 X 154667 0 9614 BITA ASGHARI OPTOMETRIST 40.00 X 123770 0 17008 CHIRAG PATEL OPTOMETRIST 40.00 X 121803 0 16208 OLGA TOMASHEVSKAYA DIRECTOR OF ENGINEERING 40.00 X 110518 0 8387 DAVID ROSENBLOOM DIRECTOR 0.25 X 0 0 0 EUGENE BONTE DIRECTOR 0.25 X 0 0 0 SARAH SHOAF CABOT JD DIRECTOR 0.25 X 0 0 0 MICHAEL RAIZMAN MD DIRECTOR 0.25 X 0 0 0 J LOUIS MACDONALD DIRECTOR 0.25 X 0 0 0 CLIFFORD SCOTT OD DIRECTOR 0.25 X 0 0 0 KATHLEEN WEINGARTEN DIRECTOR 0.25 X 0 0 0 PAMELA J ANDERSON JD DIRECTOR 0.25 X 0 0 0 1621321 0 239647 10 0 1 0 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 IT CONSULTING 301039 1 795675 364401 15811 1160076 PATIENT SERVICES, NET 621110 2534135 2534135 NETWORK CLINIC REVENUE 621110 1408356 1408356 3942491 10349 10349 51547 51547 OTHER REVENUE 900099 43523 43523 43523 5207986 3986014 0 61896 1289540 877367 385792 26381 1398344 1159637 182884 55823 74359 63644 8560 2155 165210 161630 659 2921 252720 214780 31493 6447 41616 2898 38718 42662 42662 24000 24000 14126 2217 11779 130 137125 118083 9224 9818 189639 91716 94318 3605 206695 158668 36968 11059 19412 19412 556697 550467 4868 1362 69101 53546 15167 388 SUPPLIES 208573 208573 SERVICE FEES 99126 0 99091 35 POSTAGE 60139 46427 13115 597 OUTSIDE SERVICES 36797 36568 229 69725 61348 5106 3271 4955606 3807569 1023816 124221 398530 185830 1898956 2029991 1138945 1097900 261343 358729 84378 68657 4876936 3599395 1371814 1277541 995522 1224023 6149488 6242671 538320 645302 593163 369509 398177 355652 1529660 1370463 X 4358157 4664290 261671 207918 4619828 4872208 6149488 6242671 252380 0 X X 0 1 X 1 0 X 262729 251134 275022 433481 1160076 2382442 262729 251134 275022 433481 1160076 2382442 272503 2109939 4972 3965 92003 717035 61896 879871 3262313 27360370 0.64680 0.48370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185000 185000 185000 185000 185000 185000 185000 185000 185000 185000 1.00000 0 0 546850 528395 18455 4315280 3056194 1259086 14806 14806 0 1277541 DUE FROM AFFILIATE 1191261 DEPOSITS 32762 1224023 X 5210806 2820 2820 5207986 0 5207986 4958426 2820 2820 4955606 0 4955606 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 FINANCIAL STATEMENTS AT DECEMBER 31, 2020. 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. X 0 0 X X 0 0 0 0 0 0 0 0 0 DANIEL BROCKS MD MEDICAL DIRECTOR 267866 0 0 0 524 0 10051 0 27970 0 306411 0 0 0 SARA YOST CEO/DIRECTOR 207637 0 0 0 534 0 8732 0 29559 0 246462 0 0 0 LAUREL LUCREZIA CHIEF BUSINESS DEVELOPMENT OFFICER 172806 0 0 0 564 0 1139 0 30059 0 204568 0 0 0 KAREN CARRASQUILLO OD PHD VP OF CLINICAL & PROF AFFA 184154 0 0 0 534 0 7425 0 3705 0 195818 0 0 0 GLEN R BUNNELL CFO 142277 0 0 0 556 0 6033 0 28758 0 177624 0 0 0 ALAN KWOK OPTOMETRIST 132557 0 0 0 554 0 5667 0 29332 0 168110 0 0 0 KLIMENTY LEVIN SOFTWARE ENGINEER 154123 0 0 0 544 0 6132 0 3482 0 164281 0 0 0 PART I. LINE 7: ALL STAFF MEMBERS RECEIVED A $500 GIFT CARD. THE PRESIDENT OF BOSTON FOUNDATION FOR SIGHT DETERMINED THE AMOUNT AND APPROVED THE GIFT CARDS FOR PAYMENT. FORM 990, PART VI, SECTION B, LINE 11B UPON 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 12C WE 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 19 THE 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 XII, LINE 2C BOSTONSIGHT HAS NOT CHANGED ITS OVERSIGHT AND SELECTION PROCESS FROM THE PRIOR YEAR. BOSTONSIGHT TECH INC 464 HILLSIDE AVE SUITE 205 NEEDHAM MA 02494 832514718 MANUFACTURING MEDICAL DEVICES MA THE BOSTON FOUNDATION FOR SIGHT C -362493 134457 1.00000 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 BOSTONSIGHT TECH INC Q 1323501 INTERCOMPANY REVENUE/EXPENSES BOSTONSIGHT TECH INC D 1191261 AMOUNT DUE FROM TECH