2014-08-14T17:12:53-05:00 2013-09-30 PRICEWATERHOUSECOOPERS LLP 125 HIGH STREET BOSTON MA 02110 990 2012-10-01 042785453 FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY INC % PHILLIP C JOHNSON FOUN 6175733942 243 CHARLES STREET Suite BOSTON MA 02114 CAROLANN WILLIAMS 6175733942 2014-07-09 true 6175305000 2012 2015-11-30 17:44:51Z JOHN FERNANDEZ 243 CHARLES STREET BOSTON MA 02114 96539600 false X WWW.MASSEYEANDEAR.ORG X 1983 MA SEE SCHEDULE O. 21 18 0 18 45139 8587 8066534 17969359 0 0 32168125 7467834 1455438 521866 41690097 25959059 11939626 14267985 0 0 0 0 0 0 0 1461755 1494538 13401381 15762523 28288716 10196536 180851159 203158036 40147711 52777267 140703448 150380769 X SEE SCHEDULE O. false false 14520540 14267985 0 THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSE OF THE MASSACHUSETTES EYE AND EAR INFIRMARY ("THE INFIRMARY"), A TAX-EXEMPT MEDICAL AND SURGICAL HOSPITAL, WHICH PROVIDES PATIENT CARE, RESEARCH AND EDUCATION IN OPHTHALMOLOGY, OTOLARYNGOLOGY AND RELATED SPECIALTIES. THE FOUNDATION RAISES FUNDS, INVESTS FUNDS AND MAKES GRANTS TO THE INFIRMARY. 14520540 true true false false false false false false false true false true false true true true false true false false true false false false true false false true true true false false false false false false false false true false false false false true true true false false true 14 2 0 true true false false false false true true false false false false X 21 18 false false true false false false false true true false false true true true true true true false false false MA NY X PHILLIP C JOHNSON 6175733105 243 CHARLES STREET BOSTON MA 02114 X JOHN R FERNANDEZ 10.0 50.0 X X 0 810694 155041 WYCLIFFE GROUSBECK 3.0 7.0 X X 0 0 0 JONATHAN UHRIG 3.0 7.0 X X 0 0 0 LILY H BENTAS 3.0 7.0 X X 0 0 0 RICHARD H ALDRICH 2.0 2.0 X 0 0 0 DEWALT PETE ANKEY 2.0 6.0 X 0 0 0 JAMES CARLISLE 2.0 2.0 X 0 0 0 CHARLES DE GUNZBERG 2.0 6.0 X 0 0 0 SAMUEL FLEMING 2.0 2.0 X 0 0 0 HARVEY FREISHTAT 2.0 2.0 X 0 0 0 LYLE HOWLAND 2.0 2.0 X 0 0 0 DIANE E KANEB 2.0 2.0 X 0 0 0 JONATHAN KUTCHINS 2.0 4.0 X 0 0 0 VICTORIA MCCULLOUGH 2.0 6.0 X 0 0 0 JOAN W MILLER MD 2.0 58.0 X 0 781005 56306 JOSEPH B NADOL JR MD 2.0 58.0 X 0 782173 62754 ANNETTE NOVA 2.0 6.0 X 0 0 0 WILLIAM ROMAN 2.0 2.0 X 0 0 0 FREDERICK THORNE 2.0 2.0 X 0 0 0 KATHRYN VECELLIO 2.0 6.0 X 0 0 0 EUGENE HILL 2.0 2.0 X 0 0 0 SUSAN WILLIAMS 3.0 57.0 X 0 268612 19064 MAUREEN KELLEY 3.0 57.0 X 0 172383 28262 CAROLANN WILLIAMS 3.0 57.0 X 0 360843 11502 PETER CHINETTI 0.0 0.0 X 0 110893 225 0 3286603 333154 0 true true false CAMBRIDGE ASSOCIATES 125 HIGH STREET BOSTON MA 02110 INVESTMENT CONSULTNT 274496 Bomin Communications Group Inc 283 MYRTLE STREET ASHLAND MA 01721 event planners 278107 2 1482101 400000 16087258 3005470 17969359 0 1286502 45139 1241363 0 0 0 0 0 76306279 70124947 6181332 6181332 6181332 106205 1482101 455594 -349389 -349389 0 0 GAIN ON BENEFICIAL INTEREST IN TRUSTS 871255 871255 871255 25959059 45139 7944561 13911566 13911566 356419 356419 0 0 0 0 0 0 0 0 0 626 626 35565 35565 0 0 535409 535409 6583 5683 900 0 80131 17419 62712 0 0 0 38677 38677 0 0 0 0 0 0 REIMB/MEEI/EMP BENEFITS 588335 588335 MISCELLANEOUS 175895 157459 18436 FOOD 29489 29489 BOOKS & SUBSCRIPTIONS 3828 3828 15762523 14520540 1241983 0 204518 863986 0 0 2566040 8943048 0 0 0 0 0 0 0 0 0 0 0 0 0 66091601 66930504 94052449 107392717 0 0 0 0 17936551 19027781 180851159 203158036 51125 75317 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40096586 52701950 40147711 52777267 X 52077675 53386061 36575900 39271922 52049873 57722786 140703448 150380769 180851159 203158036 X 10196536 -519215 X false true X true false X 5065977 6228576 7847609 8066534 17869359 45078055 0 0 5065977 6228576 7847609 8066534 17869359 45078055 4347810 40730245 1269120 1216632 676409 1349835 1241363 5753359 244740 33185 8587 286512 1641648 871255 2512903 53630829 0.75946 0.71383 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 89724541 2692680 3521682 7238559 1495683 87204661 86399272 1269332 6139492 2803513 1280042 89724541 60472244 29640100 1622561 4005052 1330581 86399272 60355993 736023 4138384 3579845 1178311 60472244 60792309 993556 3611396 3713026 1328242 60355993 0.08553 0.59035 0.32411 false false INVSTMNT IN LIMITED PARTNERSHP 50086449 C FIXED INCOME INVESTMENTS 7880856 C PRIVATE EQUITY 23747031 EMERGING MARKET 10835402 INFLATION HEDGE 5178132 INTERNATIONAL EQUITY 9214847 OTHER 450000 107392717 BENEFICIAL INTEREST IN TRUSTS 15399928 REMAINDER INTEREST-CHAR TRUST 403651 DUE FROM AFFILIATES 224202 INTEREST IN PROFESSORSHIP 3000000 19027781 0 CHAR GIFT ANNUITY & UNITRUST PAYABLE 655642 DUE TO AFFILIATES 52046308 52701950 X SCHEDULE D, PART V, LINE 4: THE ENDOWMENT FUNCTIONS TO SUPPORT THE MISSION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY TO PROVIDE SUPERIOR PATIENT CARE AND RESEARCH. THE INCOME FROM THE ENDOWMENT FUNDS ARE SUBJECT TO DONOR-IMPOSED STIPULATIONS USUALLY FOR RESEARCH, EDUCATION AND PATIENT CARE. SCHEDULE D, PART X, LINE 2: THE FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, INC. ("THE FOUNDATION") WAS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS WITH ITS AFFILIATED ORGANIZATIONS. THE INCOME TAX FOOTNOTE IS AS FOLLOWS: THE FOUNDATION AND ITS AFFILIATES QUALIFY AS TAX-EXEMPT ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. THE FOUNDATION, INFIRMARY, ASSOCIATES, SCHEPENS AND EMBANKMENT ARE TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CIRCLE IS TAX-EXEMPT UNDER 501(C)(25) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND THERE WAS NO IMPACT TO THE FOUNDATION'S FINANCIAL STATEMENTS FOR THE YEAR ENDED SEPTEMBER 30, 2013. Central America and the Caribbean Investments 52740020 East Asia and the Pacific Program Services CONFERENCES/EDUCATION 7811 North America Program Services CONFERENCES/EDUCATION 2241 Europe (Including Iceland and Greenland) Program Services CONFERENCES/EDUCATION 15348 Middle East and North Africa Program Services CONFERENCES/EDUCATION 8328 South Asia Program Services CONFERENCES/EDUCATION 1317 Sub-Saharan Africa Program Services CONFERENCES/EDUCATION 1329 52776394 52776394 true false true true true false THE ORGANIZATION IDENTIFIES FOREIGN EXPENDITURES SEPERATELY ON ITS BOOKS AND RECORDS. X X X X X true ME MA NY SENSE-ATION 1068258 994353 73905 17668 101763 24599 168292 GOLF 196200 163900 32300 62720 38060 1 323848 323848 0 0 0 42492 1588306 1482101 106205 17668 164483 24599 248844 455594 -349389 true MASSACHUSETTS EYE AND EAR INFIRMARY 243 CHARLES STREET BOSTON MA 02114 042103591 501(C)(3) 11505312 FMV N/A MASSACHUSETTS EYE AND EAR ASSOCIATES INC 243 CHARLES STREET BOSTON MA 02114 222658209 501(C)(3) 2130156 FMV N/A SCHEPENS EYE RESEARCH INSTITUTE INC 20 STANIFORD STREET BOSTON MA 02114 042129889 501(C)(3) 170000 FMV N/A NEW ENGLAND EYE CENTER 800 Washington Street Boston MA 02111 043400617 501(c)(3) 53049 FMV N/A MASS LIONS RESEARCH LAB AT BU 88 East Concord Street Boston MA 02118 042103547 501(c)(3) 53049 FMV N/A 5 0 FREE MEDICAL CARE FOR INDIVIDUALS 5890 356419 0 FMV N/A SCHEDULE I, PART I, LINE 2: THE FOUNDATION IS THE PARENT OF THE INFIRMARY AND THE MASSACHUSETTS EYE AND EAR ASSOCIATES (THE "ASSOCIATES"), A RELATED GROUP OF TAX-EXEMPT ENTITIES. TRANSFERS ARE MADE BETWEEN THESE GROUPS TO CARRY OUT THE MISSION THEY ARE DEDICATED TO: PATIENT CARE, RESEARCH AND TEACHING. THE BOARD OF DIRECTORS, MANAGEMENT TEAMS, MEDICAL DOCTORS, AND EMPLOYEES, WORK CLOSELY TO MONITOR AND ENSURE THAT THE POLICIES AND PROCEDURES IN PLACE WITH RESPECT TO THESE TRANSFERS ARE BEING CARRIED OUT TO FURTHER THE CHARITABLE CAUSE OF ALL ENTITIES. true true false false false false false false false JOHN R FERNANDEZ 0 640224 0 169660 0 810 0 132843 0 22198 0 965735 0 0 JOAN W MILLER MD 0 677686 0 85486 0 17833 0 34495 0 21811 0 837311 0 0 JOSEPH B NADOL JR MD 0 685358 0 70882 0 25933 0 34495 0 28259 0 844927 0 0 SUSAN WILLIAMS 0 225529 0 25509 0 17574 0 10660 0 8404 0 287676 0 0 MAUREEN KELLEY 0 168771 0 3250 0 362 0 6857 0 21405 0 200645 0 0 CAROLANN WILLIAMS 0 286775 0 73660 0 408 0 9982 0 1520 0 372345 0 0 PETER CHINETTI 0 0 0 0 0 110893 0 0 0 225 0 111118 0 0 SCHEDULE J, PART I, LINE 3: THE FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, INC. ("THE FOUNDATION") DOES NOT HAVE ANY PAID EMPLOYEES. EMPLOYEES OF THE FOUNDATION ARE LEASED FROM THE MASSACHUSETTS EYE AND EAR INFIRMARY ("THE INFIRMARY"), A RELATED ORGANIZATION. THE INFIRMARY USED A COMPENSATION COMMITTEE, COMPENSATION SURVEY, APPROVAL BY THE BOARD, AND AN INDEPENDENT COMPENSATION CONSULTANT TO ESTABLISH THE COMPENSATION OF THE PRESIDENT. SCHEDULE J, PART I, LINE 4A: IN CONNECTION WITH HIS DEPARTURE EFFECTIVE MAY 1, 2011, PETER CHINETTI RECEIVED 12 MONTHS OF SALARY AND BENEFITS CONTINUATION. SCHEDULE J, PART I, LINE 4B: John Fernandez participates in a Deferred Compensation arrangement with Massachusetts Eye and Ear. Under this agreement, Mr. Fernandez will be credited $120,000 for CALENDAR YEAR 2012. Each annual credit will vest on the fourth anniversary of the date such credit was made or upon (1) the attainment of the age of 65 while employed; (2) termination without cause or resignation for good reason; (3) death; (4) disability; or (5) change of control of MASSACHUSETTS Eye and Ear within the meaning of section 409A of the Internal Revenue Code. X 61 3005470 HI/LO MEAN false true false SCHEDULE M, PART I, COLUMN (B) THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE YEAR. FORM 990, PART I, LINE 1 & PART III, LINE 1: THE FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, INC. ("THE FOUNDATION") IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF AND TO CARRY OUT THE PURPOSE OF THE MASSACHUSETTS EYE AND EAR INFIRMARY, (THE "INFIRMARY") A TAX EXEMPT MEDICAL AND SURGICAL HOSPITAL WHICH PROVIDES PATIENT CARE, RESEARCH AND EDUCATION IN OPHTHALMOLOGY, OTOLARYNGOLOGY AND RELATED SPECIALTIES. THE FOUNDATION RAISES FUNDS, INVESTS FUNDS AND MAKES GRANTS TO THE INFIRMARY. FORM 990, PART VI, LINE 1A: THE FOUNDATION'S BYLAWS STATE THE FOLLOWING: THERE SHALL BE AN EXECUTIVE COMMITTEE CONSISTING OF THE CHAIR OF THE BOARD OF DIRECTORS, WHO SHALL CHAIR THE COMMITTEE, THE VICE CHAIR(S) OF THE BOARD OF DIRECTORS, IF ANY, THE SECRETARY, THE TREASURER, THE PRESIDENT OF THE CORPORATION, AND TWO OTHER MEMBERS OF THE BOARD OF DIRECTORS APPOINTED ANNUALLY ON A ROTATING BASIS BY THE BOARD OF DIRECTORS UPON RECOMMENDATION OF THE CHAIR OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO TRANSACT ALL EMERGENCY BUSINESS OF THE CORPORATION DURING THE PERIOD BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL ALSO TRANSACT SUCH BUSINESS, PERFORM SUCH DUTIES, AND EXERCISE SUCH POWERS AS MAY BE DIRECTED OR DELEGATED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE EXECUTIVE COMMITTEE SHALL KEEP A RECORD OF ITS PROCEEDINGS. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD OF DIRECTORS AT ITS NEXT REGULAR MEETING. FORM 990, PART VI, LINE 4: IN DECEMBER 2012, THE ORGANIZATION AMENDED ITS BYLAWS BY INCREASING THE MAXIMUM NUMBER OF ELECTED DIRECTORS FROM 17 TO 19. FORM 990, PART VI, LINE 11B: THE FOUNDATION'S FORM 990 IS PREPARED BY PRICEWATERHOUSECOOPERS, LLP USING INFORMATION PREPARED BY MANAGEMENT. AFTER THE FORM 990 IS COMPLETED, IT IS REVIEWED BY THE DIRECTOR FINANCE OPERATIONS OF THE INFIRMARY. THE FORM 990 IS THEN PRESENTED TO THE FINANCE COMMITTEE FOR FURTHER REVIEW AND APPROVAL AS AUTHORIZED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS ALSO GIVEN THE FORM 990 FOR REVIEW WITH TIME TO SUBMIT COMMENTS AND QUESTIONS BEFORE FINAL FILING. FORM 990, PART VI, LINE 12C: ALL EMPLOYEES OF THE FOUNDATION ARE LEASED FROM THE INFIRMARY AND COVERED BY THE INFIRMARY CONFLICT OF INTEREST POLICY. MEMBERS OF THE STAFF ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST TO THEIR CHIEF OF SERVICE, DEPARTMENT AND DIRECTOR OF LABORATORY/UNIT. MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY, IN WRITING, ANY INTERESTS THAT COULD RISE TO CONFLICTS. THE OFFICE OF THE INTERNAL LEGAL COUNSEL OBTAINS AND REVIEWS THE ANNUAL CONFLICTS OF INTEREST STATEMENTS SUBMITTED BY MEMBERS OF THE BOARD OF DIRECTORS, AND REPORTS ON THE SAME TO THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD. WITH RESPECT TO INTERESTS DISCLOSED BY THE BOARD MEMBERS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, THE INTERNAL LEGAL COUNSEL REVIEWS ALL TRANSACTIONS BETWEEN SUCH INTERESTS AND AFFILIATES OF THE FOUNDATION, TO DETERMINE WHETHER THESE TRANSACTION WERE CONDUCTED AT ARM'S LENGTH. FORM 990, PART VI, LINE 15: EMPLOYEES ARE LEASED FROM THE INFIRMARY. PLEASE SEE THE INFIRMARY'S RETURN FOR COMPENSATION DISCLOSURES. THE CHAIRMAN OF THE COMPENSATION COMMITTEE OF THE BOARD OF THE MASSACHUSETTS EYE AND EAR INFIRMARY PRESENTS A RECOMMENDATION TO THE COMPENSATION COMMITTEE WHO HAVE FINAL APPROVAL OF THE CEO'S BASE SALARY AND BONUS AMOUNT. THE CEO RECOMMENDS EXECUTIVE SALARIES TO THE COMPENSATION COMMITTEE OF THE BOARD WHICH HAS FINAL AUTHORIZATION TO APPROVE IT. TOTAL COMPENSATION FOR THE CEO, CHIEFS AND VICE PRESIDENTS, INCLUDING BONUS PAYMENTS, INCLUDING COMPARABILITY DATA, IS ANALYZED BY INDEPENDENT COMPENSATION CONSULTANTS AND IS DETERMINED TO BE REASONABLE. FORM 990, PART VI, LINE 19: SUMMARIZED FINANCIAL STATEMENTS ARE AVAILABLE ON THE INFIRMARY'S WEBSITE: WWW.MASSEYEANDEAR.ORG. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE UPON REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII: COMPENSATION IS FOR PROFESSIONAL SERVICES AND NOT FOR SERVICE AS OFFICERS. THE FOUNDATION LEASES EMPLOYEES FROM THE INFIRMARY. PLEASE SEE THE INFIRMARY'S RETURN FOR COMPENSATION DISCLOSURES. MASSACHUSETTS EYE & EAR INFIRMARY 243 CHARLES STREET BOSTON MA 02114 042103591 HOSPITAL MA 501(C)(3) 3 FOUNDATION true MASSACHUSETTS EYE & EAR ASSOCIATES INC 243 CHARLES STREET BOSTON MA 02114 222658209 PATRIENT CARE MA 501(C)(3) 9 FOUNDATION true EMBANKMENT SERVICES INC 14 DAVID MUGAR WAY BOSTON MA 02114 043272965 SUPPORT MA 501(C)(3) 11 -TYPE I FOUNDATION true CIRCLE COMPANY INC 243 CHARLES STREET BOSTON MA 02114 042801797 TITLE HOLDNG MA 501(C)(25) N/A FOUNDATION true SCHEPENS EYE RESEARCH INSTITUTE INC 20 STANIFORD STREET BOSTON MA 02114 042129889 RESEARCH MA 501(C)(3) 7 FOUNDATION true false true true false false false false false false false false true false true true true false false false EMBANKMENT SERVICES INC C 100000 CASH MASSACHUSETTS EYE AND EAR INFIRMARY B 11505312 CASH MASSACHUSETTS EYE AND EAR ASSOCIATES INC B 2130156 CASH SCHEPENS EYE RESEARCH INSTITUTE INC B 170000 CASH CIRCLE COMPANY INC C 300000 CASH MASSACHUSETTS EYE AND EAR INFIRMARY L 1755051 CASH MASSACHUSETTS EYE AND EAR INFIRMARY N 0 CASH MASSACHUSETTS EYE AND EAR INFIRMARY P 4300000 CASH MASSACHUSETTS EYE AND EAR INFIRMARY O 588335 CASH