2015-11-11T11:40:20-06:00 2014-12-31 222428965 CITRIN COOPERMAN & COMPANY LLP 529 FIFTH AVENUE NEW YORK NY 100174683 990 2014-01-01 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 2015-11-11 1 ERIC ALBERT P00536007 2126971000 2015-11-10 2014 2016-02-25 16:41:14Z 200 MERRICK AVENUE EAST MEADOW NY 11554 1199874 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 0 250 0 0 939748 1199800 0 0 87 74 40968 -149436 980803 1050438 632164 1060795 0 0 0 0 0 0 0 78455 52276 710619 1113071 270184 -62633 293854 268816 24027 119325 269827 149491 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 716768 716768 983524 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. 313301 313301 116225 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. 30726 30726 30726 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. 1060795 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 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 639213 560587 1199800 74 74 0 639213 149436 -149436 -149436 1050438 0 0 -149362 55516 55516 590383 590383 414896 414896 32132 32132 MISCELLANEOUS 12533 12533 BANK FEES 7246 7246 PRINTING 365 365 1113071 1060795 52276 0 293854 206981 14462 43869 0 3504 293854 268816 55551 24027 0 63774 24027 119325 X 0 0 0 0 269827 149491 269827 149491 293854 268816 X -62633 -57703 X X 0 1 X 1 0 X 267732 194651 131916 544786 639213 1778298 1014285 748465 783941 612721 560587 3719999 1282017 943116 915857 1157507 1199800 5498297 0 0 0 5498297 147 265 238 87 74 811 147 265 238 87 74 811 1282164 943381 916095 1157594 1199874 5499108 0.99990 0.99980 0.00010 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DEFERRED INCOME 63774 63774 X 1050438 0 1050438 0 1050438 1113071 0 1113071 0 1113071 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 313301 NORTH AMERICA (CANADA) PROGRAM SERVICES ALLOWS ILL CHILDREN TO EXPERIENCE A LIVE HOCKEY GAME 19781 0 0 0 0 0 0 333082 0 333082 EAST ASIA AND THE PACIFIC YOUTH HOCKEY 313301 WIRE TRANSFERS, CHECKS NORTH AMERICA (CANADA) ALLOWS ILL CHILDREN TO EXPERIENCE A LIVE HOCKEY GAME 19781 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. CBW TOURNAMENT 116225 116225 GOLF OUTING 173300 173300 15000 46817 13 349688 349688 87619 639213 639213 15000 134436 149436 -149436 1 THE SMILE TRAIN 245 FIFTH AVE NEW YORK NY 10016 133661416 501(C)(3) 25000 THE ORGANIZATION PROVIDES TRAINING AND FUNDING TO EMPOWER LOCAL DOCTORS IN 85+ DEVELOPING COUNTRIES TO PROVIDE 100%-FREE CLEFT REPAIR SURGERY IN THEIR COMMUNITIES. THE CLARK GILLES FOUNDATION 1757 VETERANS MEM HIGHWAY ISLANDIA NY 11749 113386742 501(C)(3) 5000 THE GOAL OF THE ORGANIZATION IS TO HELP CHILDREN WHO ARE PHYSICALLY, MENTALLY, OR FINANCIALLY CHALLENGED, AND IMPROVE THE QUALITY OF LIFE FOR THEM AND THEIR FAMILY DURING DIFFICULT CIRCUMSTANCES. 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 100000 124647 TOYS FOR HOSPITALIZED CHILDREN 9522 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 NEW YORK ISLANDERS HOCKEY CLUB LP BUSINESS ORGANIZATION THAT IS RELATED TO THE DIRECTORS OF THIS ORGANIZATION TO PROVDE CASH FLOW ON A SHORT TERM BASIS X 99046 0 0 0 0 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, PART XI, LINE 9: SECTION 481(A) ADJUSTMENT -57,703. 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: BILLBOARD - $6,900 CASINO NIGHT - $163,259 ICF DAY - $23,707 CHUCK A PUCK - $33,672 SILENT AUCTION - $94,430 OTHER ACTIVITIES - $27,720 TOTAL OTHER GROSS REVENUE - $349,688 DIRECT EXPENSES: GOLF OUT - $46,817 CASINO NIGHT - $52,669 CHUCK A. PUCK - $15,844 JAMBOREE - $7,033 ICF DAY - $2,551 HOSPITAL VISITS - $9,522 TOTAL OTHER DIRECT EXPENSES - $134,436