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Spectoccular Foundation Inc.

 PO Box 812225
 Wellesley, MA 02482
[P] (617) 6920378
[F] --
www.spectfound.org
[email protected]
Deborah Hurley
INCORPORATED: 2014
 Printable Profile (Summary / Full)
EIN 80-0968454

LAST UPDATED: 10/25/2017
Organization DBA Spectoccular Foundation
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

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Mission StatementMORE »

Engaging in research and development for early detection of eye and other diseases and assisting low-income individuals with early detection of eye and other diseases and in living with eye disease.

Mission Statement

Engaging in research and development for early detection of eye and other diseases and assisting low-income individuals with early detection of eye and other diseases and in living with eye disease.

FinancialsMORE »

Fiscal Year Jan 01, 2016 to Dec 31, 2016
Projected Income $50,000.00
Projected Expense $30,000.00

ProgramsMORE »

  • Eye on the Future

Revenue vs. Expense ($000s)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

Engaging in research and development for early detection of eye and other diseases and assisting low-income individuals with early detection of eye and other diseases and in living with eye disease.

Background Statement

Spectoccular Foundation is a U.S. 501(c)(3) nonprofit charitable organization founded by individuals who believe that the fruits of science and technology offer some of the best hopes for human advancement.

Impact Statement

Carry out our mission at a high level of excellence
Set 2017-19 Strategic Plan
Enhance programs and partnerships
Increase funding

Needs Statement

Add members to the Board of Directors
Establish Advisory Boards
Match or surpass $50,000 Q4 2016 fundraising goal
Match or surpass $225,000 2017 fundraising goal

CEO Statement

There is a severe lack of recognition of the extent to which vision impairment and blindness are preventable or curable, especially through early detection and treatment. The bottom lines are: without intervention, the number of blind individuals is on course to increase dramatically; about 80% of blindness and vision impairment is avoidable; and children are affected by blindness and visual impairment, with significant, ongoing negative impacts on their educations and economic opportunities throughout their lives. Lower-income children are disproportionately affected, pushing them even farther away from the doors of the equality elevators of education and of economic, civic, and social participation.

SPECTOCCULAR FOUNDATION’S COMPARATIVE ADVANTAGE What differentiates Spectoccular Foundation from other, existing nonprofit organizations that address blindness and vision impairment? Most nonprofits in this field focus on blindness and vision impairment from a “post facto” perspective. The individual already suffers from blindness and the nonprofit devotes its resources to addressing the blindness, via medication and pharmaceuticals, medical and surgical interventions, adaptive programs for living with blindness, and job training for blind and visually-impaired individuals.

Spectoccular positions itself and its mission much earlier in the eye health and vision cycle:

Focus on prevention As described above, the vast majority of blindness and vision impairment is preventable. Yet, this fact is not widely known. Moreover, certain ethnic groups and others have genetic dispositions to certain vision diseases. There are geographic groupings that are more prone to vision problems. Finally, different demographic groups, from youth to the elderly, experience a variety of challenges to vision that are particular to their ages. Spectoccular Foundation builds awareness of the preventability of blindness and vision impairment, across all these sectors.

Focus on new technologies  Rather than a “post facto” focus on vision impairment, Spectoccular Foundation addresses vision proactively, including through the use of new technologies, currently becoming available, which provide easy, inexpensive, quick, non-invasive assessments of eye health and are able to detect vision irregularities at a very early stage, much sooner than current protocols. These tools would be useful everywhere, but would be especially welcome nad effective in areas where healthcare is relatively inaccessible, such as urban cores and remote and rural regions, due to cost or lack of available expertise.

Focus on children  Within a focus on low-income individuals, in urban cores and remote and rural areas, there will be a particular focus on children. Low-income children already bear a heavy burden of negative effects from factors in their environments. The ability to prevent vision impairment and blindness, through comprehensive assessment of eye health and very early detection of any vision issues, offers a significant advantage. Not only will these individual children benefit, but the economy and society at large will be enhanced by their contributions to the economy and civic and social life.


Board Chair Statement

Today, Spectoccular Foundation is a small organization with tremendous capacity for growth to provide solutions to prevent vision impairment and blindness, in acknowledgement of the fact that 80% of vision impairment is preventable and in the face of current predictions of sharp growth in vision impairment and blindness around the world.

Geographic Area Served

GREATER BOSTON REGION, MA
City of Boston- Citywide (Indiv. neighborhoods also listed)
STATEWIDE
NATIONAL
INTERNATIONAL
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Organization Categories

  1. Diseases Disorders & Medical Disciplines - Eye Diseases, Blindness & Vision Impairment
  2. Medical Research - Eye Diseases, Blindness & Vision Impairments Research
  3. Science & Technology - Engineering & Technology

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Eye on the Future

Eye on the Future
Budget  $500,000.00
Category  Diseases, Disorders & Medical Disciplines, General/Other Eye Diseases, Blindness & Vision Impairments
Population Served Children and Youth (0 - 19 years) Adults
Program Short-Term Success  Catalyze new and additional research and development of technologies to prevent vision impairment and blindness.
Program Long-Term Success  New technologies will be developed that will prevent vision impairment and blindness.
Program Success Monitored By  Eyesight saved.
Examples of Program Success  Ongoing program.

CEO/Executive Director/Board Comments

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Management


CEO/Executive Director Ms Deborah Hurley
CEO Term Start Jan 2014
CEO Email [email protected]
CEO Experience --
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
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Senior Staff

Name Title Experience/Biography
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Awards

Award Awarding Organization Year
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Affiliations

Affiliation Year
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Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
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Collaborations

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CEO/Executive Director/Board Comments

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Foundation Comments

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Staff Information

Number of Full Time Staff 1
Number of Part Time Staff 0
Number of Volunteers 0
Number of Contract Staff 0
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 1
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 1
Other (if specified): --
Gender Female: 1
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers --
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Under Development
Whistle Blower Policy No
Document Destruction Policy --
Directors and Officers Insurance Policy --
State Charitable Solicitations Permit Yes
State Registration --

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency N/A N/A
Non Management Formal Evaluation and Frequency N/A N/A

Governance


Board Chair Mr David Chaum
Board Chair Company Affiliation Chaum.com
Board Chair Term Jan 2014 - Jan 2017
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
David Chaum Volunteer Voting
James T. Dolbear Volunteer Voting

Constituent Board Members

Name Company Affiliations Status
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Youth Board Members

Name Company Affiliations Status
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Advisory Board Members

Name Company Affiliations Status
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Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 2
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 0
Male: 2
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits --
Board Meeting Attendance % 100%
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Under Development
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation No

Standing Committees

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CEO/Executive Director/Board Comments

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Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Expense Breakdown (%)

No data available

Fiscal Year Jan 01, 2016 to Dec 31, 2016
Projected Income $50,000.00
Projected Expense $30,000.00
Form 990s

2015 Spectoccular Foundation IRS Form 990-N Filings

2014 Spectoccular Foundation IRS Form 990-N Filings

Audit Documents --
IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

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Total Expenses -- -- --

Prior Three Years Revenue Sources

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Foundation and
Corporation Contributions
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Government Contributions -- -- --
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    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions -- -- --
Indirect Public Support -- -- --
Earned Revenue -- -- --
Investment Income, Net of Losses -- -- --
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind -- -- --
Other -- -- --

Prior Three Years Expense Allocations

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Program Expense -- -- --
Administration Expense -- -- --
Fundraising Expense -- -- --
Payments to Affiliates -- -- --
Total Revenue/Total Expenses -- -- --
Program Expense/Total Expenses -- -- --
Fundraising Expense/Contributed Revenue -- -- --

Prior Three Years Assets and Liabilities

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Total Assets -- -- --
Current Assets -- -- --
Long-Term Liabilities -- -- --
Current Liabilities -- -- --
Total Net Assets -- -- --

Prior Three Years Top Three Funding Sources

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1st (Source and Amount) -- --
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2nd (Source and Amount) -- --
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3rd (Source and Amount) -- --
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Financial Planning

Endowment Value --
Spending Policy Income Only
Percentage(If selected) --
Credit Line No
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year -- -- --
Current Ratio: Current Assets/Current Liabilities -- -- --

Long Term Solvency

Fiscal Year -- -- --
Long-term Liabilities/Total Assets -- -- --

CEO/Executive Director/Board Comments

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Foundation Comments

Spectoccular Foundation Inc. is newer and received its nonprofit status from the IRS in November 2014. This organization files 990-Ns.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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