SCHEPENS EYE RESEARCH INSTITUTE INC Charity Report

Public IRS 990 nonprofit record

SCHEPENS EYE RESEARCH INSTITUTE INC

EIN 04-2129889 · Community Health Systems (E21)

What they do

SEE SCHEDULE O.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.00%of revenue went to mission work70.8% of expenses · Program services

$100.34spent for every $100 of revenueSpending was higher than revenue this year.

29.34%of revenue went to management and office costs29.2% of expenses

$2.83in assets for every $1 spent this yearSome assets cannot be spent right away.

74.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $97,223 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $229,175 for JOHN FERNANDEZ (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$28,772,720

Mission workProgram services$20,427,65271.00% of revenue70.8% of expenses

ManagementOffice and general costs$8,442,29129.34% of revenue29.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$28,869,943100.34% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2017CurrentExpense mix: 70.8% mission · 29.2% management · 0.0% fundraisingTotal expenses: 100.34% of revenue

2016Expense mix: 77.6% mission · 22.4% management · 0.0% fundraisingTotal expenses: 108.18% of revenue

2015Expense mix: 74.7% mission · 25.3% management · 0.0% fundraisingTotal expenses: 115.53% of revenue

Money in and money out

Revenue$28,772,720

Expenses$28,869,943

Annual shortfall $97,223 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$20,427,652 · 70.8% of expenses

Management and office costs$8,442,291 · 29.2% of expenses

See all reported dollar amounts

Revenue$28,772,720

Expenses$28,869,943

Assets$81,562,366

Contributions$21,393,495

Mission work (program services)$20,427,652

Management and general$8,442,291

Executive compensation (total)$410,856

Accounting fees$33,282

Investing fees$43,532

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JOHN FERNANDEZPRESIDENT · 4 hrs/week $229,175Base · Other $229,175

JOSEPH RIZZO MDDIRECTOR · 4 hrs/week $58,175Base · Other $58,175

ELIEZER PELISENIOR SCIENTIST · 60 hrs/week $45,134Base · Other $45,134

PATRICIA DAMOREDIRECTOR OF RESEARCH · 60 hrs/week $44,459Base · Other $44,459

NEENA HAIDERASSOCIATE SCIENTIST · 60 hrs/week $37,192Base · Other $37,192

DARLENE DARTTSENIOR SCIENTIST · 60 hrs/week $34,611Base · Other $34,611

JAMES ZIESKESENIOR SCIENTIST · 60 hrs/week $28,703Base · Other $28,703

MARTHA PYLE FARRELLASSISTANT SECRETARY · 4 hrs/week $25,895Base · Other $25,895

LOTFI MERABETASSOCIATE SCIENTIST · 60 hrs/week $25,631Base · Other $25,631

MAUREEN KELLEYASSISTANT SECRETARY · 4 hrs/week $21,289Base · Other $21,289

CAROLANN WILLIAMSCFO AND VP FINANCE & ADMIN · 4 hrs/week $18,998Base · Other $18,998

DEBRA ROGERSVP OPTHALMOLOGY · 10 hrs/week $16,757Base · Other $16,757

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

JOHN FERNANDEZPRESIDENT

JOSEPH RIZZO MDDIRECTOR

ELIEZER PELISENIOR SCIENTIST

PATRICIA DAMOREDIRECTOR OF RESEARCH

NEENA HAIDERASSOCIATE SCIENTIST

DARLENE DARTTSENIOR SCIENTIST

JAMES ZIESKESENIOR SCIENTIST

MARTHA PYLE FARRELLASSISTANT SECRETARY

LOTFI MERABETASSOCIATE SCIENTIST

MAUREEN KELLEYASSISTANT SECRETARY

CAROLANN WILLIAMSCFO AND VP FINANCE & ADMIN

DEBRA ROGERSVP OPTHALMOLOGY

RENEE MANGERDIRECTOR (UNTIL 12/17)

SHERMAN STARRDIRECTOR (UNTIL 12/17)

VICTORIA MCCULLOUGHDIRECTOR (UNTIL 12/17)

PATRICIA PATRICELLIDIRECTOR

WILLIAM AIKMANDIRECTOR

WYCLIFFE K GROUSBECKDIRECTOR

MARK ABELSONDIRECTOR (UNTIL 12/17)

KAY LYONSDIRECTOR

LYLE HOWLANDSECRETARY

KENNETT BURNESCHAIRMAN

KENNETH FISCHERDIRECTOR

JOAN W MILLER MDDIRECTOR

KATHRYN VECELLIODIRECTOR

JONATHAN UHRIGTREASURER

JOHN REILLYDIRECTOR

GERARD GOLDSTEINDIRECTOR (UNTIL 12/17)

DONALD KORBDIRECTOR (UNTIL 12/17)

DEWALT PETE ANKENYDIRECTOR

CHARLES DE GUNZBERGDIRECTOR

ANNETTE NOVADIRECTOR (UNTIL 12/17)

About this charity

Recognized since: January 2010
Location: 399 REVOLUTION DR STE 645, SOMERVILLE, MA 02145-1574
County: Suffolk
In care of: % TAX DEPARTMENT
Primary officer: CAROLANN WILLIAMS, CFO & VP FIN & ADMIN

How to reach them

WebsiteVisit the charity’s website Phone(617) 912-0100

Filing and classification

Latest tax year: 2017
Tax period began: October 1, 2017
Return type: 990
Tax preparer: PRICEWATERHOUSECOOPERS LLP
NTEE classification: Community Health Systems (E21)
IRS tax category: Community Health Systems