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RILEYS WAY FOUNDATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
RILEYS WAY FOUNDATION INC (EIN 47-1618480)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202123199349303782
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-11-15T08:45:17-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222428965PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CITRIN COOPERMAN & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 BROADHOLLOW RD SUITE 401AddressLine1Txt
CityMELVILLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11747ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471618480EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RILEY'S WAY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRILEBusinessNameControlTxt
Phone7188551855PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 THIRD AVENUE NO 848AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11217ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonIAN SANDLERPersonNm
Person TitleCO-PRESIDENTPersonTitleTxt
Phone7188551855PhoneNum
Signature2021-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstIANPersonFirstNm
Person LastSANDLERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEDWIN BIAZONPreparerPersonNm
PTINP00537569PTIN
Phone6319305000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerIAN SANDLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 THIRD AVENUE NO 848AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11217ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,035,256GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWWW.RILEYSWAY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSEE PART III LINE 1 AND SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent16VotingMembersIndependentCnt
Total Employee5TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$509,618PYContributionsGrantsAmt
CY Contributions Grants$1,767,776CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$80,070PYInvestmentIncomeAmt
CY Investment Income$270,126CYInvestmentIncomeAmt
PY Other Revenue$221,562PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$811,250PYTotalRevenueAmt
CY Total Revenue$2,037,902CYTotalRevenueAmt
PY Grants And Similar Paid$117,846PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$151,884CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$261,152PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$477,397CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$22,045CYTotalFundraisingExpenseAmt
PY Other Expenses$258,357PYOtherExpensesAmt
CY Other Expenses$119,310CYOtherExpensesAmt
PY Total Expenses$637,355PYTotalExpensesAmt
CY Total Expenses$748,591CYTotalExpensesAmt
PY Revenues Less Expenses$173,895PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,289,311CYRevenuesLessExpensesAmt
Total Assets BOY$3,217,277TotalAssetsBOYAmt
Total Assets EOY$4,506,588TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,217,277NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,506,588NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionORGANIZATION'S MISSIONRILEY'S WAY IS A NON-PROFIT ORGANIZATION IN NEW YORK CITY BUILDING KIND LEADERS FOR A BETTER TOMORROW. RILEY'S WAY WORKS WITH EDUCATORS AND YOUTH TO EMPOWER EMPATHY AND KINDNESS IN TEENS, AND PROVIDE THEM WITH THE INFRASTRUCTURE AND SUPPORT TO BECOME CHANGE-MAKERS AND CREATE LASTING CONNECTIONS IN THEIR COMMUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$533,744ExpenseAmt
Grant$151,884GrantAmt
DescTHE RILEY'S WAY FOUNDATION, INC. (THE "FOUNDATION") WAS ESTABLISHED ON AUGUST 19, 2014. THE FOUNDATION ANTICIPATES THAT IT WILL DEVELOP PROGRAMMING FOR THE PURPOSE OF EMPHASIZING THE VALUE OF KINDNESS AND EMPATHY AMONG CHILDREN IN ORDER TO CREATE A BROADER MOVEMENT OF CHANGED BEHAVIOR AND CHILDREN WORKING TOGETHER. THROUGH JULY 31, 2015, THE FOUNDATION WAS IN ITS START-UP PHASE AND WAS BUILDING RELATIONSHIPS WITH OTHER ENTITIES TO FULFILL THEIR MISSIONS. AS OF DECEMBER 31, 2016, THE FOUNDATION HAS CONTRACTS WITH FOUR SCHOOLS TO CARRY OUT THE PROGRAMS AND MISSION OF THE FOUNDATION. ONE OF THE PARTNER SCHOOLS HAS PILOTED THE RILEY'S WAY BOOK CLUB, A BOOK SERIES TO HELP ENGAGE STUDENTS TO DISCUSS VARIOUS POSITIVE CHARACTER TRAITS.Desc
Total Program Service Expenses$533,744TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee5EmployeeCnt
Employment Tax Returns Filed0EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Form1098 C Filed0Form1098CFiledInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member16IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIAN POTASHBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188551855PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line130 THIRD AVENUE RM 848AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11217ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
PAUL BURKE
BOARD MEMBER1.00Yes (X)$0$0$0
SCOTT EISENBERG
BOARD MEMBER1.00Yes (X)$0$0$0
JORDAN FREUNDLICH
BOARD MEMBER1.00Yes (X)$0$0$0
NOAH HELLER
BOARD MEMBER1.00Yes (X)$0$0$0
JOHN HORNER
BOARD MEMBER1.00Yes (X)$0$0$0
MINDY JACOBS
BOARD MEMBER1.00Yes (X)$0$0$0
DAVID KERSTEIN
BOARD MEMBER1.00Yes (X)$0$0$0
YOLANDA MARSHALL
BOARD MEMBER1.00Yes (X)$0$0$0
LAURA REBELL GROSS
DIRECTOR & CHAIR OF DEI COMMITTEE1.00Yes (X)$0$0$0Yes (X)
IAN SANDLER
CO-PRESIDENT1.00Yes (X)$0$0$0Yes (X)
MACKENZIE SANDLER
CO-PRESIDENT1.00Yes (X)$0$0$0Yes (X)
TERRY KAPLAN
DIRECTOR & CHIEF CREATIVE OFFICER1.00Yes (X)$0$0$0Yes (X)
AMY BERSH
SECRETARY1.00Yes (X)$0$0$0Yes (X)
BRIAN POTASH
DIRECTOR, TREASURER SAND CHAIR OF FINANCE COMMITTE1.00Yes (X)$0$0$0Yes (X)
KATIE LEONBERGER
BOARD MEMBER1.00Yes (X)$0$0$0
ERIC FRANK
BOARD MEMBER1.00Yes (X)$0$0$0
LINDSEY LEVINE
DIRECTOR & CHAIR OF DEVELOPMENT COMMITTEE1.00Yes (X)$0$0$0Yes (X)
OSELOKA IDIGBE
DIRECTOR & CHAIR OF PROGRAMMING COMMITTEE1.00Yes (X)$0$0$0Yes (X)
LAUREN KAPLAN
BOARD MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,767,776AllOtherContributionsAmt
Noncash Contributions$889,144NoncashContributionsAmt
Total Contributions$1,767,776TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,665TotalRevenueColumnAmt
Exclusion$4,665ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$3,262,815SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,997,354SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$265,461SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$265,461TotalRevenueColumnAmt
Exclusion$265,461ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,037,902TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$270,126ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$151,884TotalAmt
Program Services$151,884ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$409,681TotalAmt
Program Services$327,745ProgramServicesAmt
Management And General$61,452ManagementAndGeneralAmt
Fundraising$20,484FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$36,497TotalAmt
Management And General$36,497ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$31,219TotalAmt
Program Services$24,975ProgramServicesAmt
Management And General$4,683ManagementAndGeneralAmt
Fundraising$1,561FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$18,899TotalAmt
Management And General$18,899ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$41,628TotalAmt
Program Services$29,140ProgramServicesAmt
Management And General$12,488ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$22,714TotalAmt
Management And General$22,714ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,460TotalAmt
Management And General$5,460ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$18,540TotalAmt
Management And General$18,540ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,398TotalAmt
Management And General$1,398ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total$10,671TotalAmt
Management And General$10,671ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$748,591TotalAmt
Program Services$533,744ProgramServicesAmt
Management And General$192,802ManagementAndGeneralAmt
Fundraising$22,045FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$224,345BOYAmt
EOY$4,299,428EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,992,932BOYAmt
EOY$207,160EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,217,277BOYAmt
EOY$4,506,588EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,217,277BOYAmt
EOY$4,506,588EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,217,277BOYAmt
EOY$4,506,588EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,217,277BOYAmt
EOY$4,506,588EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,289,311ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$545,011CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$709,163CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$682,362CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$509,618CurrentTaxYearMinus1YearAmt
Current Tax Year$1,767,776CurrentTaxYearAmt
Total$4,213,930TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$545,011CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$709,163CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$682,362CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$509,618CurrentTaxYearMinus1YearAmt
Current Tax Year$1,767,776CurrentTaxYearAmt
Total$4,213,930TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$4,213,930PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,982CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$47,367CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$27,530CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$80,070CurrentTaxYearMinus1YearAmt
Current Tax Year$270,126CurrentTaxYearAmt
Total$439,075TotalAmt
FieldValueIRS element (for citing)
Total Support$4,653,005TotalSupportAmt
Public Support CY1700.90560PublicSupportCY170Pct
Public Support PY1700.93590PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,037,902TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,037,902RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,037,902TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$748,591TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$748,591ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$748,591TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION QUALIFIES AS A CHARITABLE FOUNDATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE NEW YORK STATE TAX LAWS. ACCORDINGLY, THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE FOUNDATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS BY ASSESSING THE LIKELIHOOD BASED UPON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION, BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. THE FOUNDATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF NEW YORK. THE FOUNDATION IS SUBJECT TO U.S. OR NEW YORK STATE TAX EXAMINATIONS BY TAXING AUTHORITIES FOR ALL PERIODS THAT WERE FILED.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
PROMISE54
1875 CONNECTICUT AVE NW 10TH FLOORWASHINGTONDC20009824119782$5,078TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS
STUDENT LEADERSHIP NETWORK
322 8TH AVENEW YORKNY10001061517218$13,520TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS
DREAM TO DANCE - AMERICAN STREET DANCE THEATER COMPANY
327 HOLLYWOOD AVENUEDOUGLASTONNY11363900774739$19,200TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS
ILLUMIN8
430 EAST 63RD ST SUITE 71NEW YORKNY10065824310076$5,500TO CARRY OUT PROGRAM ACTIVITIES, SIMILAR TO ALL OTHER GRANTS MADE BY THE FOUNDATION IN THE CURRENT YEAR AND PRIOR YEARS
FieldValueIRS element (for citing)
Total Other Org4TotalOtherOrgCnt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$889,144NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2FAMILY/BUSINESS RELATIONSHIPS IAN SANDLER & MACKENZIE SANDLER HAVE A FAMILY RELATIONSHIP. MACKENZIE SANDLER & TERRY KAPLAN HAVE A FAMILY RELATIONSHIP. BRIAN POTASH & ERIC FRANK HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11BBOARD REVIEW OF FORM 990 A COPY OF THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE BOARD FOR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY ALL OFFICERS, DIRECTORS, EMPLOYEES, AND BOARD MEMBERS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY, ANNUALLY. UPON RECEIVING THE POLICY EACH INDIVIDUAL MUST SIGN OFF, AFFIRMING THEIR RECEIPT, REVIEW, AND COMPLIANCE WITH THE POLICY. ADDITIONALLY, EACH INDIVIDUAL MUST DISCLOSE ANY KNOWN OR POTENTIAL CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15BOARD COMPENSATION THE ORGANIZATION DID NOT COMPENSATE ANY OFFICER, DIRECTOR, TOP MANAGEMENT OFFICIAL, OR KEY EMPLOYEE DURING THE TAX YEAR.
FORM 990, PART VI, SECTION C, LINE 18FORM 990 IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS ARE AVAILABLE UPON REQUEST
PART XII, LINE 1:THE FINANCIAL STATEMENTS AND FORM 990 ARE PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING WHICH IS A BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA.
PART XII, LINE 2C:THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR IN THE METHODS USED BY THE COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.

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