2015-02-16T09:42:03-06:00 2014-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2013-07-01 043476160 THE MATCH SCHOOL FOUNDATION INC MATC 6172520300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 STIG LESCHLY PRESIDENT AND CEO 6172520300 2015-02-05 1 JOHN BUCKLEY CPA P00830631 5083669100 2015-02-05 2013 2016-02-25 16:41:14Z STIG LESCHLY 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 9560521 0 X WWW.MATCHEDUCATION.ORG X 1999 MA THE ORGANIZATION, A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION, ACTS PRIMARILY TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, MATCH COMMUNITY DAY CHARTER PUBLIC SCHOOL, AND THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. (THE "SCHOOLS"). 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 MAINTAIN 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 INTERNAL REVENUE CODE. 6 6 91 0 0 0 4029320 4623990 1178379 2719203 1195149 1160953 1616300 432443 8019148 8936589 1106407 1300100 0 0 922358 2217085 0 0 41083 1403162 1398362 3431927 4915547 4587221 4021042 36105541 33167338 14641249 7682004 21464292 25485334 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND TO OTHERWISE SUPPORT THE FUNCTIONS OF THE SCHOOLS: 1. TO PROVIDE FUNDRAISING, PURCHASING, DATA PROCESSING, INSURANCE, EQUIPMENT, MANAGEMENT, FISCAL, ADMINISTRATIVE, PLANNING, POLICY-MAKING, STRATEGIC, HUMAN RESOURCES, BENEFIT-PLANNING, COMMUNICATION AND INVESTMENT SERVICES TO AND OTHERWISE TO SUPPORT THE FUNCTION OF MATCH CHARTER PUBLIC SCHOOL, MATCH COMMUNITY DAY CHARTER PUBLIC SCHOOL, AND THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC.(THE "SCHOOLS"), MASSACHUSETTS CHARTER SCHOOLS ESTABLISHED PURSUANT TO MASSACHUSETTS GENERAL LAWS, CHAPTER 71, 89 AND GOVERNED BY A SINGLE BOARD OF TRUSTEES AS A NETWORK OF SCHOOLS; 2. TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; AND 3. TO OWN OR LEASE, AND MAINTAIN THE SITE AT WHICH THE SCHOOLS ARE LOCATED. 1 0 3719598 1300100 3151646 CONSULTING SERVICES AND PROGRAMS FOR OTHER ORGANIZATIONS - THE FOUNDATION CONTRACTS WITH OTHER EDUCATION ORGANIZATIONS, INCLUDING SCHOOL DISTRICTS AND NON-PROFITS, TO OFFER A VARIETY OF SERVICES TO IMPROVE SCHOOLS. THESE INCLUDE DEVELOPING AND MANAGING A TUTORING PROGRAM FOR HIGH SCHOOL STUDENTS IN LAWRENCE, MA AND CHICAGO, IL, AND A TEACHER COACHING PROGRAM IN NEW ORLEANS, LA. 3719598 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 16 0 91 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA IL LA X X RICHARD E DRAGON CPA 6172320300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 X DENISE BLUMENTHAL CLERK AND DIRECTOR 2.00 X X 0 0 0 MATTHEW VETTEL TREASURER AND DIRECTOR 2.00 X X 0 0 0 JIM PEYSER DIRECTOR 2.00 X 0 0 0 BRIDGITT EVANS DIRECTOR 2.00 X 0 0 0 PAUL DENINGER DIRECTOR 2.00 X 0 0 0 DANIEL KRAMER DIRECTOR 2.00 X 0 0 0 STIG LESCHLY PRESIDENT & CEO 10.00 X 0 0 0 MEREDITH LIU CHIEF FINANCIAL OFFICER 2.00 X 106365 0 0 106365 0 0 1 0 0 0 STUDIO G ARCHITECTS 179 BOYLSTON ST JAMAICA PLAIN MA 02130 ARCHITECTURAL DESIGN 711966 CONTRACTING SPECIALISTS INC 453 SOUTH MAIN ST ATTLEBORO MA 02703 CONSTRUCTION SERVICE 353828 MATCH CHARTER PUBLIC SCHOOL 1001 COMMONWEALTH AVENUE BOSTON MA 02215 ADMINISTRATIVE FEE 250000 KROKIDAS & BLUESTEIN 600 ATLANTIC AVENUE BOSTON MA 02210 LEGAL CONSULTING 161535 QROE PRESERVATION DEVELOPMENT 440 HUMPHREY STREET SWAMPSCOTT MA 01907 REAL ESTATE ADVISORY SERVICE 152724 5 4623990 4623990 TUTOR CONSULTING FEE 900099 2719203 2719203 2719203 1160953 1160953 760786 623932 136854 136854 136854 AMORTIZATION OF BOND DISCOUNT 900001 281185 281185 MISCELLANEOUS INCOME 900099 14404 14404 295589 8936589 3151646 0 1160953 1300100 1300100 109137 109137 1821470 1429403 392067 105970 60130 45840 180508 134221 46287 250000 250000 64 64 16802 16802 77452 47014 4589 25849 88691 86851 1840 39468 35571 3822 75 18796 15970 2826 235211 205351 29860 114389 105431 2225 6733 4008 350 3658 238454 238454 86476 86476 23197 23197 G & A TUTOR EXPENSE 98496 98496 MISCELLANEOUS 49665 22644 26919 102 G & A CENTRAL FEE 25390 25390 CAREER FAIR 17058 17058 14745 9504 5241 4915547 3719598 1154866 41083 79261 844205 14617096 8055815 5345872 4788037 5239898 5239898 62148 105267 3216266 242753 1466734 2973513 9294532 11160603 36105541 33167338 319745 153849 4186638 4418389 10134866 3109766 14641249 7682004 X 14789512 17680753 6674780 7804581 21464292 25485334 36105541 33167338 4021042 0 X X 0 1 X 1 1 1 X 2524812 3737401 6789714 4029320 4623990 21705237 2524812 3737401 6789714 4029320 4623990 21705237 4041277 17663960 508322 517814 883850 1195149 1160953 4266088 34243 264828 786657 1616300 295589 2997617 28968942 0.60980 0.56330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1856117 1856117 1342356 225738 1116618 17793 17015 778 2973513 SITE DEVELOPMENT COSTS 1460558 DEFERRED FINANCING COSTS 10810 BOND RECEIVABLE 9252963 DUE FROM RELATED PARTY 436272 11160603 DUE TO SCHOOL 1430 INVESTMENT CONTRACT PAYABLE 3078436 DEFERRED INCOME 29900 3109766 X 9560521 623932 623932 8936589 0 8936589 5539479 623932 623932 4915547 0 4915547 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, 2014 AND 2013. 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 IN PART VIII. 1 MATCH CHARTER PUBLIC SCHOOL 1001 COMMONWEALTH AVENUE BOSTON MA 02215 043453891 N/A 275100 FMV TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION INC 1001 COMMONWEALTH AVENUE BOSTON MA 02215 300639724 N/A 1025000 FMV 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. FORM 990, PART III, LINE 2 MATCH BEYOND, THE NEWEST DIVISION OF MATCH EDUCATION, PROVIDES PERSONAL COACHING, ACADEMIC SUPPORT, AND JOB PLACEMENT SERVICES TO LOW-INCOME HIGH SCHOOL GRADUATES IN BOSTON WHO ARE ENROLLED IN ONLINE BACHELOR'S AND ASSOCIATE'S DEGREES. 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 A COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF BOTH THE SCHOOLS' AND FOUNDATION'S BOARD, THAT ANNUALLY MEETS TO COMPLETE PERFORMANCE EVALUATIONS AND MAKE SALARY DECISIONS FOR LEADERS OF BOTH ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 INDIVIDUAL REQUESTS ARE ADDRESSED ON A CASE-BY-CASE BASIS. 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. 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.