2016-12-19T08:03:05-06:00 2016-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-07-01 043476160 THE MATCH FOUNDATION INC MATC 6172320300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 STIG LESCHLY PRESIDENT AND CEO 6172320300 2016-12-16 1 JOHN BUCKLEY CPA P00830631 5083669100 2016-12-16 2015 2017-02-10 21:41:12Z STIG LESCHLY 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 8771792 0 X WWW.MATCHEDUCATION.ORG X 1999 MA THE CORPORATION, A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION, (CONTINUED ON SCHEDULE O)ACTS 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 GRADUATE SCHOOL OF EDUCATION, INC. (THE "SCHOOLS") 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 PURSUANT TO SECTION 501(C)(3) OF THE CODE. 7 7 99 6 0 0 12401810 5226572 2483102 624760 827076 1239018 245571 791193 15957559 7881543 924321 760441 0 0 3557979 3731863 0 0 327735 2006763 2971867 6489063 7464171 9468496 417372 61627343 63335189 26673513 30442403 34953830 32892786 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 0 1030987 760441 160046 MATCH BEYOND CREATES AN ACCELERATED PATHWAY TOWARD FULLY ACCREDITED ASSOCIATE'S AND BACHELOR'S DEGREES, AS WELL AS EMPLOYMENT OPPORTUNITIES FOR STUDENTS TO MOVE INTO MIDDLE-CLASS CAREERS. 1089237 1462 MATCH EXPORT IS THE CORPORATION'S EFFORT TO SHARE THE CORPORATION'S KNOWLEDGE WITH EDUCATORS EVERYWHERE THROUGH A MIX OF FREE ONLINE RESOURCES, WORKSHOPS, AND PARTNERSHIPS WITH DISTRICTS. 344553 463252 THE EDUCATIONAL LEADER COACHING PROGRAM IN NEW ORLEANS PROVIDES TRAINING AND COACHING SUPPORT FOR SCHOOL LEADERS THAT WORK FOR VARIOUS SCHOOLS IN THE CITY. 3117609 3117609 5582386 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 54 0 1 99 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NJ IL FL NY PA LA X X ANNE HEALY DIRECTOR OF FINANCE AND ADMINISTRATION 6172320300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 X DENISE BLUMENTHAL CLERK AND DIRECTOR 2.00 X X 0 0 0 MATTHEW VETTEL CHAIR,TREASURER AND DIRECTOR 2.00 X X 0 0 0 BRIDGITT EVANS DIRECTOR 2.00 X 0 0 0 PAUL DENINGER DIRECTOR 2.00 X 0 0 0 ALEX CORTEZ DIRECTOR 2.00 X 0 0 0 TOM BEECHER DIRECTOR 2.00 X 0 0 0 PAUL STRIGLER DIRECTOR 2.00 X 0 0 0 STIG LESCHLY PRESIDENT & CEO 5.00 X 0 0 0 0 0 0 0 0 0 0 1 5226572 5226572 TUTOR CONSULTING FEE 900099 463252 463252 OTHER PROGRAM REVENUE 900099 161508 161508 624760 1239018 1239018 832916 890249 -57333 -57333 -57333 TAX CREDIT REVENUE 900099 491334 491334 AMORTIZATION OF BOND DISCOUNT 900099 281185 281185 MISCELLANEOUS INCOME 900099 76007 76007 848526 7881543 624760 0 2030211 760441 760441 3290600 2199566 829224 261810 165814 100187 57813 7814 275449 201482 53700 20267 250000 250000 49519 49519 18582 18582 205236 143954 49359 11923 36943 34482 611 1850 230016 170632 56912 2472 166956 74726 88743 3487 510834 250993 259427 414 154332 127538 22746 4048 25192 7325 4929 12938 960040 960040 191497 191497 41362 41362 PROGRAM INITIATIVES 61568 61039 529 PROFESSIONAL DEVELOPMEN 24069 20541 3385 143 MISCELLANEOUS 23076 20200 2836 40 SMALL FURNITURE 22645 7743 14902 7464171 5582386 1554050 327735 197214 2683603 8231352 3612215 10991320 7784330 5239898 34375117 32109 164368 2539555 463169 2962834 2076386 33972616 12639170 61627343 63335189 3762072 332903 14684484 22603217 8078364 7175483 148593 330800 26673513 30442403 X 22208570 23105455 12745260 9787331 34953830 32892786 61627343 63335189 X 417372 -2478416 X X 0 1 X 1 1 1 X 6789714 4029320 4623990 12452259 5226572 33121855 6789714 4029320 4623990 12452259 5226572 33121855 7770940 25350915 883850 1195149 1160953 827076 1239018 5306046 786657 1616300 295589 49833 76007 2824386 41252287 0.61450 0.58320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 436600 436600 1572757 413839 1158918 530198 49330 480868 2076386 DEFERRED FINANCING COSTS 240625 BOND RECEIVABLE 12152333 DEPOSITS 147198 DUE FROM SCHOOLS 99014 12639170 DUE TO SCHOOLS 228200 DEFERRED INCOME 102600 330800 X 8771792 890249 890249 7881543 0 7881543 10832836 3368665 3368665 7464171 0 7464171 PART X, LINE 2: THE FOUNDATION 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, 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE LOSS ON DISPOSAL OF FIXED ASSET CANCELLATION OF PLEDGES RECEIVABLE SCHEDULE D PART XII, LINE 2D AND 4B RENTAL INCOME IS SHOWN NET IN PART VIII. 1 MATCH CHARTER PUBLIC SCHOOL 215 FOREST HILLS ST JAMAICA PLAIN MA 02130 043453891 501(C)(3) 210441 TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION INC 215 FOREST HILLS ST JAMAICA PLAIN MA 02130 300639724 501(C)(3) 550000 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 4000000 71851 220000 3708149 2015 0 0 1 1 B 17938931 123611 220000 17595320 2015 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 PART II LINE 3 UNDER THE SERIES 2014B BOND, THE FOUNDATION HAS ACCESS OF UP TO $18 MILLION BUT HAS ONLY DRAWN DOWN ON $17,938,931 AS OF JUNE 30, 2016. DENISE BLUMENTHAL BOARD MEMBER 6986 CONTRACTED SERVICES 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE 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: LOSS ON DISPOSAL -41,521. CANCELLATION OF PLEDGES RECEIVABLE -2,436,895. 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 STIG LESCHLY, THE PRESIDENT AND CEO (LESCHLY), IS NOT COMPENSATED BY THE ORGANIZATION. LESCHLY IS COMPENSATED BY MATCH CHARTER PUBLIC SCHOOL (THE SCHOOL), WHICH IS UNRELATED TO THE ORGANIZATION, AS THE CEO OF THE SCHOOL, FOR PROVIDING SERVICES TO THE SCHOOL. THE SCHOOL HAS A DISTINCT INSTITUTIONAL INTEREST IN HAVING LESCHLY SERVE AS SENIOR MANAGER AND OFFICER OF THE ORGANIZATION, AND REQUIRES LESCHLY TO SERVE AS PRESIDENT AND CEO OF THE ORGANIZATION AS PART OF HIS SERVICES TO THE SCHOOL.