2019-02-11T13:46:23-06:00 2018-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-07-01 043476160 THE MATCH FOUNDATION INC MATC 6172320300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 NNENNA UDE PRESIDENT AND CEO 6172320300 2019-02-08 1 JOHN BUCKLEY CPA P00830631 5083669100 2019-02-08 64.238.141.162 2019-02-08 09:25:36 ES P 00AC68185A21F79280EE8D14E69A55E23ABC417D D0D11AF730C84EA989067D997D1D7D43B936B30F 2017 2019-02-21 02:37:17Z X NNENNA UDE 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 6756400 0 X WWW.MATCHEDUCATION.ORG X 1999 MA THE MATCH FOUNDATION, INC. IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, A MASSACHUSETTS CHARTER SCHOOL. THE MATCH FOUNDATION, INC. ALSO SUPPORTS THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC., A NOT-FOR-PROFIT CORPORATION THAT OFFERS A MASTERS IN EFFECTIVE TEACHING DEGREE TO CANDIDATES STUDYING AND TRAINING TO TEACH IN HIGH-POVERTY URBAN SCHOOLS. ADDITIONALLY, THE MATCH FOUNDATION, INC. ENGAGES IN INITIATIVES TO DISSEMINATE BEST PRACTICES AND PROVIDE SUPPLEMENTARY SUPPORT SERVICES. 3 3 78 14 0 0 5121384 4565209 556743 365161 1195890 1119885 295013 388511 7169030 6438766 1118086 1437197 0 0 3735205 2955150 0 0 158968 2952891 2771396 7806182 7163743 -637152 -724977 56432378 48894066 24176744 23653127 32255634 25240939 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, A MASSACHUSETTS CHARTER SCHOOL ESTABLISHED PURSUANT TO MASSACHUSETTS GENERAL LAWS, CHAPTER 71, 89 AND THE CHARLES SPOSATO GRADUTATE SCHOOL OF EDUCATION, INC. AND TO PROVIDE STUDY SUPPORT, PERSONAL COACHING AND JOB PLACEMENT SERVICES TO HIGH SCHOOL GRADUATES IN BOSTON WHO ARE ENROLLED IN AN ONLINE BACHELOR'S AND ASSOCIATE'S DEGREES PROGRAM. IN ADDITION TO THE AFOREMENTIONED PURPOSE, THE ORGANIZATION'S STATED PURPOSE ALSO INCLUDES, BUT IS NOT LIMITED TO, ENGAGING AND PERFORMING IN THE ACTIVITIES THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; OWNING, LEASING AND MAINTAINING THE SITES AT WHICH THE SCHOOLS ARE LOCATED; AND ENGAGING IN OTHER NON-PROFIT PURPOSES AS ARE PERMISSIBLE FOR A CORPORATION ORGANIZED UNDER M.G.L.C.180 AND EXEMPT FROM FEDERAL INCOME TAXATION. 0 1 1641915 1437197 336269 DUET, INC. (FORMERLY, MATCH BEYOND) IS AN INNOVATIVE COLLEGE AND JOBS PROGRAM FOR YOUNG ADULTS WHO COME FROM LOW-INCOME BACKGROUNDS AND WHO HAVE NO COLLEGE DEGREE. DUET, INC. STUDENTS ENROLL, VIA ITS PARTNERSHIP WITH SOUTHERN NEW HAMPSHIRE UNIVERSITY'S COLLEGE FOR AMERICA, IN COMPETENCY-BASED, LOW-COST, RIGOROUS ONLINE DEGREE PROGRAMS. AS THEY STUDY ONLINE AND SEEK QUALITY EMPLOYMENT, STUDENTS WORK CLOSELY WITH MATCH BEYOND COACHES WHO PROVIDE THEM WITH LIFE COACHING, ACADEMIC SUPPORT, AND JOBS COUNSELING. MATCH BEYOND AIMS TO CREATE UNPRECEDENTED GRADUATION RATES AND EMPLOYMENT OUTCOMES FOR ITS STUDENTS. 1137202 28892 MATCH EXPORT IS A PROGRAM THAT SEEKS TO TRANSFER THE KNOWLEDGE THAT HAS BEEN GENERATED ACROSS MATCH EDUCATION IN THE FIELDS OF PREK-12 SCHOOLING AND TEACHER PREPARATION TO TEACHERS, SCHOOL AND DISTRICT LEADERS, TEACHER PREPARATION PROGRAMS, AND OTHER STAKEHOLDERS THROUGH THREE WEBSITES: MATCH FISHTANK, MATCH MINIS AND MATCH SCHOOLHOUSE. 3313679 SUPPORT FOR MATCH CHARTER PUBLIC SCHOOL INCLUDING FACILITIES DEBT SERVICE AND FUNDING FOR STUDENT SUMMER CAMPS AND TUTOR HOUSING. OPERATING SUPPORT GRANT TO CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION. 3313679 6092796 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 78 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NJ NY X X ANNE HEALY CHIEF FINANCIAL OFFICER 6172320300 215 FOREST HILLS JAMAICA PLAIN MA 02130 X MATTHEW VETTEL CHAIR,TREASURER AND DIRECTOR 1.00 X X 0 0 0 ALEX CORTEZ CLERK AND DIRECTOR 1.00 X X 0 0 0 ORLANDO WATKINS DIRECTOR 1.00 X 0 0 0 NNENNA UDE PRESIDENT/CEO (BEG. 6/6/18) 5.00 X 0 0 0 STIG LESCHLY PRESIDENT/CEO (THRU 6/5/18) 5.00 X 0 0 0 ANNE HEALY CHIEF FINANCIAL OFFICER 40.00 X 139380 0 8056 MICHAEL LARSSON PRESIDENT OF DUET 40.00 X 137117 0 8419 MICHELE CARROLL DIRECTOR OF EMPLOYMENT OF DUET 40.00 X 127717 0 1929 ELIZABETH MARINO CHIEF GROWTH AND STRATEGY OFFICER OF DUET 40.00 X 123427 0 257 CLAIRE KAPLAN EXECUTIVE DIRECTOR OF MATCH EXPORT 32.00 X 114516 0 301 642157 0 18962 5 0 0 0 BELLWETHER EDUCATION PARTNERS 517 BOSTON POST ROAD 171 SUDBURY MA 01776 CONSULTING SERVICES 201000 1 4565209 4565209 COLLEGE COACHING PROGRAM 611710 332821 332821 PROFESSIONAL DEV WORKSHOPS 611710 32340 32340 365161 1119885 1119885 265609 317634 -52025 -52025 -52025 AMORTIZATION OF BOND DISCOUNT 900099 281185 281185 GAIN ON TRANSFER OF LEASE 900099 95250 95250 CHANGE IN DISCOUNT ON PLEDGE RECE 900099 64101 64101 440536 6438766 365161 0 1508396 1437197 1437197 150926 150926 2402199 1993857 284222 124120 195035 117342 68782 8911 206990 161850 35151 9989 50853 50853 58174 58174 19308 19308 278713 260852 17861 63169 59908 2755 506 21932 2457 19436 39 615593 494049 120944 600 34560 30563 3616 381 6995 1851 3814 1330 905821 905821 214254 214254 56429 56429 PROGRAM INITIATIVES 281629 280379 1250 0 SMALL FURNITURE 87470 31542 50467 5461 PROFESSIONAL DEVELOPMEN 33144 30879 1411 854 DUES AND SUBSCRIPTIONS 22821 0 16044 6777 20531 19142 1389 7163743 6092796 911979 158968 2075378 702296 5803646 7119532 7529245 1525961 25983307 25142031 103062 21344 2155913 692536 1879510 1463377 13058230 12919525 56432378 48894066 271787 619435 21532000 21155849 2372957 1877843 24176744 23653127 X 24010807 23750758 8244827 1490181 32255634 25240939 56432378 48894066 X -724977 -6289718 X X 0 1 X 1 0 X 4623990 12452259 5226572 5121384 4565209 31989414 4623990 12452259 5226572 5121384 4565209 31989414 4464703 27524711 1160953 827076 1239018 1203630 1119885 5550562 295589 49833 76007 90220 511649 38051625 6748969 0.72340 0.66620 X 436600 436600 1411235 556692 854543 308078 135844 172234 1463377 DEFERRED FINANCING COSTS 179719 BOND RECEIVABLE 12714703 DEPOSITS 7650 DUE FROM THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. 154 DUE FROM THE MATCH CHARTER PUBLIC SCHOOL 17299 12919525 X 6756400 317634 317634 6438766 0 6438766 7481377 317634 317634 7163743 0 7163743 PART X, LINE 2: THE MATCH FOUNDATION, INC. ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE SCHEDULE D PART XII, LINE 2D AND 4B RENTAL INCOME IS SHOWN NET OF RELATED EXPENSES IN FORM 990, PART VIII. 1 MATCH CHARTER PUBLIC SCHOOL 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 043453891 501(C)(3) 36694 TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION INC 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 300639724 501(C)(3) 1400503 TO SUPPORT THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. 2 FORM 990 SCHEDULE I THE FOUNDATION REVIEWS EXPENDITURES INCURRED UNDER THE GRANT BY THE SCHOOLS. A MATCH SCHOOL FOUNDATION ISSUE SERIES 2014A 043431814 2014-08-21 4000000 TO FUND CAPITAL PROJECTS 0 0 0 B MATCH SCHOOL FOUNDATION ISSUE SERIES 2014B 043431814 2014-08-21 18000000 TO FUND CAPITAL PROJECTS 0 0 0 A 844151 4000000 71851 49923 3878226 2015 0 0 1 1 B 18000000 123611 224655 17651734 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 1 0 0 0 0 A 0 B 0 FORM 990, PART III, LINE 3 MATCH BEYOND COLLEGE AND JOBS PROGRAM WAS SPUN-OFF INTO A NEW NON PROFIT CORPORATION CALLED DUET, INC. EFFECTIVE JUNE 30, 2018. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO, CFO AND GENERAL COUNSEL, THEN IS PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS CONFLICTS OF INTEREST THROUGH BOARD MEMBER DISCLOSURE SIGNOFFS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ITS OWN COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF ITS BOARD OF DIRECTORS, THAT ANNUALLY MEETS TO COMPLETE PERFORMANCE EVALUATIONS AND MAKE SALARY DECISIONS FOR THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 INDIVIDUAL REQUESTS ARE ADDRESSED ON A CASE-BY-CASE BASIS. FORM 990, PART XI, LINE 9: TRANSFER OF BUSINESS SEGMENT TO DUET, INC. -6,289,718. FORM 990, PART XII, LINE 2C THE FOUNDATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VII NNENNA UDE, THE PRESIDENT AND CEO, IS NOT COMPENSATED BY THE ORGANIZATION. UDE IS COMPENSATED BY MATCH CHARTER PUBLIC SCHOOL (THE SCHOOL), WHICH IS UNRELATED TO THE ORGANIZATION, AS THE EXECUTIVE DIRECTOR OF THE SCHOOL, FOR PROVIDING SERVICES TO THE SCHOOL. THE SCHOOL HAS A DISTINCT INSTITUTIONAL INTEREST IN HAVING UDE SERVE AS SENIOR MANAGER AND OFFICER OF THE ORGANIZATION, AND REQUIRES UDE TO SERVE AS PRESIDENT AND CEO OF THE ORGANIZATION AS PART OF HER SERVICES TO THE SCHOOL.