2016-11-09T14:18:03-06:00 2015-12-31 222428965 CITRIN COOPERMAN & COMPANY LLP 529 FIFTH AVENUE NEW YORK NY 100174683 990 2015-01-01 061671668 ISLANDERS CHILDREN'S FOUNDATION INC C/O NEW YORK ISLANDERS HOCKEY CLUB LP ISLA 5169352213 200 MERRICK AVENUE EAST MEADOW NY 11554 ARTHUR J MCCARTHY TREASURER 5169352213 2016-10-31 1 ERIC ALBERT P00536007 2126971000 2016-10-28 2015 2017-02-10 21:41:12Z 200 MERRICK AVENUE EAST MEADOW NY 11554 1068407 0 X N/A X 2003 NY THE ISLANDERS CHILDREN'S FOUNDATION IS DEDICATED TO WORKING WITH ORGANIZATIONS THAT PROVIDE OPPORTUNITIES TO CHILDREN, FOCUSING ON THE AREAS OF HEALTH, EDUCATION, AND YOUTH HOCKEY DEVELOPMENT. 4 4 0 50 0 0 1199800 1068340 0 0 74 67 -149436 -164969 1050438 903438 1060795 759785 0 0 0 0 0 0 0 52276 38312 1113071 798097 -62633 105341 268816 342865 119325 88033 149491 254832 X THE ISLANDERS CHILDREN'S FOUNDATION IS DEDICATED TO WORKING WITH ORGANIZATIONS THAT PROVIDE OPPORTUNITIES TO CHILDREN, FOCUSING ON THE AREAS OF HEALTH, EDUCATION, AND YOUTH HOCKEY DEVELOPMENT. 0 0 493616 493616 919964 SPORTS, RECREATIONAL, AND MUSIC OPPORTUNITIES FOR CHILDREN. THE ISLANDERS CHILDREN'S FOUNDATION SUPPORTS MANY SPORTS, MUSICAL, AND RECREATIONAL PROGRAMS BENEFITTING CHILDREN. THE ACITIVITES CONSIST OF DIRECT FINANCIAL SUPPORT TO OTHER RECOGNIZED CHARITIES THAT FOCUS ON CHILDREN. THE ORGANIZATION ALSO DIRECTLY PROVIDES SPORTS AND RECREATIONAL OPPORTUNITIES AND EQUIPMENT TO UNDERPRIVILEGED CHILDREN IN THE COMMUNITY. 247340 247340 94207 YOUTH HOCKEY. THE ORGANIZATION SUPPORTS OPPORTUNITIES FOR CHILDREN TO PARTICIPATE IN THE SPORT OF HOCKEY. THE ORGANIZTION'S EFFORTS FOCUS ON INSTRUCTION, SPORTSMANSHIP, AND CULTURAL EXCHANGES THROUGH INTERNATIONAL PROGRAMS. 18829 18829 18829 HEALTH RELATED ISSUES FOR CHILDREN. THE ORGANIZATION PROVIDES SUPPORT TO VARIOUS RECOGNIZED CHARITIES THAT ARE INVOLVED IN HEALTH ISSUES THAT AFFECT CHILDREN. SPORTS, RECREATIONAL, AND MUSIC OPPORTUNITIES FOR CHILDREN. THE ISLANDERS CHILDREN'S FOUNDATION SUPPORTS MANY SPORTS, MUSICAL, AND RECREATIONAL PROGRAMS BENEFITTING CHILDREN. THE ACITIVITES CONSIST OF DIRECT FINANCIAL SUPPORT TO OTHER RECOGNIZED CHARITIES THAT FOCUS ON CHILDREN. THE ORGANIZATION ALSO DIRECTLY PROVIDES SPORTS AND RECREATIONAL OPPORTUNITIES AND EQUIPMENT TO UNDERPRIVILEGED CHILDREN IN THE COMMUNITY. HEALTH RELATED ISSUES FOR CHILDREN. THE ORGANIZATION PROVIDES SUPPORT TO VARIOUS RECOGNIZED CHARITIES THAT ARE INVOLVED IN HEALTH ISSUES THAT AFFECT CHILDREN. YOUTH HOCKEY. THE ORGANIZATION SUPPORTS OPPORTUNITIES FOR CHILDREN TO PARTICIPATE IN THE SPORT OF HOCKEY. THE ORGANIZTION'S EFFORTS FOCUS ON INSTRUCTION, SPORTSMANSHIP, AND CULTURAL EXCHANGES THROUGH INTERNATIONAL PROGRAMS. 759785 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 0 0 0 0 0 0 1 1 0 0 X 4 4 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 0 0 0 NY X X ARTHUR MCCARTHY 5162496565 1255 HEMPSTEAD TURNPIKE UNIONDALE NY 11553 X KIMBERLY DEY DIRECTOR/PRES 1.00 X X 0 0 0 CHRIS DEY VICE PRESIDENT 1.00 X X 0 0 0 ARTHUR J MCCARTHY TREASURER 1.00 X X 0 0 0 ROY E REICHBACH DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 549808 518532 1068340 67 67 0 549808 164969 -164969 -164969 903438 0 0 -164902 21680 21680 408773 408773 329332 329332 32000 32000 BANK FEES 4433 4433 MISCELLANEOUS 1411 1411 PRINTING 468 468 798097 759785 38312 0 206981 244938 14462 39826 43869 10100 3504 48001 268816 342865 55551 32000 63774 56033 119325 88033 X 0 0 0 0 149491 254832 149491 254832 268816 342865 105341 0 X X 0 1 X 1 0 X 194651 131916 544786 639213 549808 2060374 748465 783941 612721 560587 518532 3224246 943116 915857 1157507 1199800 1068340 5284620 0 0 0 5284620 265 238 87 74 67 731 265 238 87 74 67 731 943381 916095 1157594 1199874 1068407 5285351 0.99990 0.99990 0.00010 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM RELATED PARTY 48001 48001 DEFERRED INCOME 48025 DUE TO RELATED PARTY 8008 56033 X 903438 0 903438 0 903438 798097 0 798097 0 798097 PART X, LINE 2: THE FOUNDATION IS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM NEW YORK STATE INCOME TAXES AND IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2010. THE FOUNDATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX BENEFITS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES. UNDER THAT GUIDANCE, THE FOUNDATION ASSESSES THE LIKELIHOOD, BASED ON 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. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. 0 EAST ASIA AND THE PACIFIC PROGRAM SERVICES YOUTH HOCKEY 247340 NORTH AMERICA (CANADA) PROGRAM SERVICES ALLOWS ILL CHILDREN TO EXPERIENCE A LIVE HOCKEY GAME 81992 0 0 0 0 0 0 329332 0 329332 EAST ASIA AND THE PACIFIC YOUTH HOCKEY 247340 WIRE TRANSFERS, CHECKS NORTH AMERICA (CANADA) ALLOWS ILL CHILDREN TO EXPERIENCE A LIVE HOCKEY GAME 81992 WIRE TRANSFERS, CHECKS 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION CONTINUALLY MONITORS THE USE OF THE GRANT FUNDS. THE ORGANIZATION REQUIRES QUARTERLY BUDGETS. AT THE END OF A QUARTER, PRIOR TO FUNDING THE NEXT QUARTER, THE ORGANIZATION REVIEWS THE QUARTERLY EXPENDITURES. THEN THE NEXT QUARTERLY BUDGET IS FINALIZED. THERE ARE SITE VISITS TO MONITOR ACTIVITIES AND VIEW EXPENDITURES. CASINO NIGHT 212080 212080 29750 26382 GOLF OUTING 187661 187661 42333 54969 6 150067 150067 11535 549808 549808 29750 42333 92886 164969 -164969 1 PAL ICE HOCKEY 660 TERRY ROAD HAUPPAUGE NY 11788 264540740 501(C)(3) 5000 THE ORGANIZATION STRIVES TO HELP CHILDREN DEVELOP HOCKEY SKILLS AS WELL AS TO BACOME GOOD CITIZENS. TOWARD THAT END THE ORGANIZATION HAS ALL OF ITS TEAMS SELECT A COMMUNITY SERVICE PROJECT FOR ALL THEIR PLAYERS TO PARTICIPATE IN. THROUGH DOING FOR OTHERS, THE CHILDREN LEARN VALUABLE LIFE LESSONS THAT WILL SERVE THEM WELL IN THEIR YEARS TO COME. SPORTS AND RECREATIONAL OPPORTUNITIES FOR CHILDREN 75000 207336 THE ORGANIZATION WORKS WITH OTHER NON-PROFIT ORGANIZATIONS AND FUNDS A VARITEY OF IH-HOUSE YOUTH PROGRAMS. THE PROGRAMS INCLUDE HOCKEY CLINICS, ATTENDANCE OPPORTUNITIES AT PROFESSIONAL HOCKEY GAMES, AND HEALTH CARE RELATED ASSISTANCE TO PRIMARILY LOCAL FAMILIES AND CHILDREN. TOYS FOR HOSPITALIZED CHILDREN 10596 PURCHASE PRICE THE ORGANIZATION DONATED APPROXIMATELY 650 TOYS DURING HOSPITAL VISITS. SCHEDULE I, PART III: THE NUMBER OF RECIPIENTS IS AN ACTUAL AMOUNT FROM THE ORGANIZATION'S RECORDS. THE CASH WAS EXPENDED FOR HEALTH CARE RELATED MATTERS FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - KIMBERLY DEY AND CHRIS DEY ARE WIFE AND HUSBAND FORM 990, PART VI, SECTION A, LINE 8A THE BOARD DOES MAINTAIN WRITTEN DOCUMENTATION FOR CERTAIN ACTIONS UNDERTAKEN DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD DOES MAINTAIN WRITTEN DOCUMENTATION FOR CERTAIN ACTIONS UNDERTAKEN BY CERTAIN COMMITTEES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - THE RETURN IS REVIEWED BY ONE OR MORE OF THE DIRECTORS PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS MEET PERIODICALLY TO REVIEW AND DISCUSS POTENTIAL ISSUES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PAGE 12, PART XII, QUESTION 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SCHEDULE G, PAGE 2, PART II, LINE 1(C) & LINE 9(B)&(C) GROSS REVENUE: SILENT AUCTION - $128,101 OTHER ACTIVITIES - $17,041 CBW TOURNAMENT - $4,925 TOTAL OTHER GROSS REVENUE - $150,067 DIRECT EXPENSES: GOLF OUT - $54,969 CASINO NIGHT - $26,382 HOSPITAL VISITS - $10,596 JAMBOREE - $939 TOTAL OTHER DIRECT EXPENSES - $92,886