FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY INC Charity Report

Public IRS 990 nonprofit record

FOUNDATION OF THE MASSACHUSETTS EYE AND EAR INFIRMARY INC

EIN 04-2785453 · 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 $93.60 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 leaders23 people are listed in the latest report.

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

Money made simple

32.24%of revenue went to mission work93.6% of expenses · Program services

$34.46spent for every $100 of revenueRevenue covered expenses this year.

2.22%of revenue went to management and office costs6.4% of expenses

$13.66in assets for every $1 spent this yearSome assets cannot be spent right away.

23.0%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.

Pay context: The highest compensation shown in this filing is $229,175 for JOHN R 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$73,914,360

Mission workProgram services$23,832,25532.24% of revenue93.6% of expenses

ManagementOffice and general costs$1,640,9912.22% of revenue6.4% of expenses

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

Revenue left after expensesReported annual surplus$48,441,11465.54% of revenueShown in gray on the chart

Total expenses$25,473,24634.46% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 93.6% mission · 6.4% management · 0.0% fundraisingTotal expenses: 34.46% of revenue

2016Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 67.79% of revenue

2015Expense mix: 94.4% mission · 5.6% management · 0.0% fundraisingTotal expenses: 70.56% of revenue

Money in and money out

Revenue$73,914,360

Expenses$25,473,246

Annual surplus $48,441,114 Revenue was higher than expenses 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)$23,832,255 · 93.6% of expenses

Management and office costs$1,640,991 · 6.4% of expenses

See all reported dollar amounts

Revenue$73,914,360

Expenses$25,473,246

Assets$348,073,191

Contributions$16,981,267

Mission work (program services)$23,832,255

Grants given$74,677,937

Average grant$3,930,418

Management and general$1,640,991

Stocks and bonds$106,495,562

Accounting fees$114,032

Investing fees$690,928

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 R FERNANDEZPRESIDENT · 10 hrs/week $229,175Base · Other $229,175

D BRADLEY WELLING MDDIRECTOR · 2 hrs/week $62,940Base · Other $62,940

THOMAS SEQUIST MDDIRECTOR (SINCE 7/18) · 2 hrs/week $46,400Base · Other $46,400

MARTHA PYLE FARRELLASSISTANT SECRETARY · 3 hrs/week $25,895Base · Other $25,895

MAUREEN KELLEYASSISTANT SECRETARY · 3 hrs/week $21,289Base · Other $21,289

CAROLANN WILLIAMSCFO & VP FINANCE AND ADMIN · 3 hrs/week $18,998Base · Other $18,998

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 (23)

JOHN R FERNANDEZPRESIDENT

D BRADLEY WELLING MDDIRECTOR

THOMAS SEQUIST MDDIRECTOR (SINCE 7/18)

MARTHA PYLE FARRELLASSISTANT SECRETARY

MAUREEN KELLEYASSISTANT SECRETARY

CAROLANN WILLIAMSCFO & VP FINANCE AND ADMIN

JONATHAN UHRIGTREASURER

WYCLIFFE GROUSBECKCHAIR

WILLIAM ROMANDIRECTOR (UNTIL 12/17)

TINA SMITHDIRECTOR

THOMAS LAUERDIRECTOR

ROBERT KNAPPDIRECTOR

ROBERT ATCHINSONDIRECTOR

LYLE HOWLANDSECRETARY

KATRINE BOSLEYDIRECTOR (SINCE 12/17)

JONATHAN KUTCHINSDIRECTOR (UNTIL 12/17)

JAMES CARLISLEDIRECTOR

HARVEY FREISHTATDIRECTOR/SECRETARY AS OF 4/18

EUGENE HILLDIRECTOR

DIANE E KANEBDIRECTOR

DEWALT PETE ANKENYDIRECTOR

CHARLES DE GUNZBURGDIRECTOR

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) 573-3942 Officer phone(617) 573-3424

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
Grant-giving organization: Yes