THE MATCH FOUNDATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE MATCH FOUNDATION INC (EIN 04-3476160)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201431359349308683
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-15T16:11:20-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042571780 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1 |
| City | WESTBORO | City |
| State | MA | State |
| ZIP Code | 01581 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043476160 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MATCH SCHOOL FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MATC | NameControl |
| Phone | 6172520300 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 COMMONWEALTH AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STIG LESCHLY | Name |
| Title | PRESIDENT AND CEO | Title |
| Phone | 6172520300 | Phone |
| Date Signed | 2014-05-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN BUCKLEY CPA | Name |
| PTIN | P00830631 | PTIN |
| Phone | 5083669100 | Phone |
| Date Prepared | 2014-05-14 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | STIG LESCHLY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 COMMONWEALTH AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 8019148 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MATCHEDUCATION.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | 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 AFOREMENTONED 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 INTERNAL REVENUE CODE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 5 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 19 | TotalNbrEmployees |
| Total Nbr Volunteers | 1 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 6789714 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4029320 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 356700 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1178379 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 883850 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1195149 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 423609 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1616300 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8453873 | TotalRevenuePriorYear |
| Total Revenue Current Year | 8019148 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2002274 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1106407 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5694 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 922358 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 35760 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 329418 | OtherExpensePriorYear |
| Other Expenses Current Year | 1403162 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2337386 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3431927 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6116487 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4587221 | RevenuesLessExpensesCY |
| Total Assets BOY | 32264514 | TotalAssetsBOY |
| Total Assets EOY | 36105541 | TotalAssetsEOY |
| Total Liabilities BOY | 15387443 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14641249 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 16877071 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 21464292 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 AND MATCH COMMUNITY DAY CHARTER PUBLIC SCHOOL,(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. | MissionDescription |
| Significant New Program Services | 1 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 2431397 | Expense |
| Grants | 1106407 | Grants |
| Revenue | 2794679 | Revenue |
| Description | 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 A TEACHER COACHING PROGRAM IN NEW ORLEANS, LA. | Description |
| Total Program Service Expense | 2431397 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 11 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 19 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 5 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD E DRAGON CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6172320300 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 COMMONWEALTH AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (8 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| DENISE BLUMENTHAL | ||||||
| CLERK AND DIRECTOR | 2.00 | X | X | 0 | 0 | 0 |
| MATTHEW VETTEL | ||||||
| TREASURER AND DIRECTOR | 2.00 | X | X | 0 | 0 | 0 |
| MINI JAIKUMAR | ||||||
| CLERK 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 | |
| MICHAEL GOLDSTEIN | ||||||
| PRESIDENT | 2.00 | X | 0 | 0 | 0 | |
| STIG LESCHLY | ||||||
| PRESIDENT & CHIEF EXECUTIVE OFFICER | 5.00 | X | 0 | 0 | 0 | |
| MEREDITH LIU | ||||||
| CHIEF FINANCIAL OFFICER | 2.00 | X | 21259 | 0 | 613 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 21259 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 613 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MATCH CHARTER PUBLIC SCHOOL | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1001 COMMONWEALTH AVENUE | AddressLine1 |
| City | BOSTON | City |
| State | MA | State |
| ZIP Code | 02215 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | ADMINISTRATIVE FEE | DescriptionOfServices |
| Compensation | 168989 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 4029320 | AllOtherContributions |
| Total Contributions | 4029320 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUTOR CONSULTING FEE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1178379 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1178379 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1178379 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1195149 | TotalRevenueColumn |
| Exclusion | $1,195,149 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LOAN FORGIVENESS | 900000 | 1290829 | 1290829 |
| AMORTIZATION OF BOND DISCOUNT | 900001 | 281185 | 281185 |
| MISCELLANEOUS INCOME | 900099 | 44286 | 44286 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1616300 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8019148 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2794679 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,195,149 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1106407 | Total |
| Program Services | 1106407 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75191 | Total |
| Management And General | 75191 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 750589 | Total |
| Program Services | 599476 | ProgramServices |
| Management And General | 151113 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75235 | Total |
| Program Services | 61193 | ProgramServices |
| Management And General | 14042 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21343 | Total |
| Management And General | 21343 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168989 | Total |
| Management And General | 168989 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10500 | Total |
| Management And General | 10500 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1571 | Total |
| Program Services | 680 | ProgramServices |
| Management And General | 891 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4635 | Total |
| Program Services | 4635 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5292 | Total |
| Program Services | 5292 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10463 | Total |
| Program Services | 7707 | ProgramServices |
| Fundraising | 2756 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 489651 | Total |
| Program Services | 489651 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18296 | Total |
| Program Services | 17231 | ProgramServices |
| Fundraising | 1065 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8822 | Total |
| Fundraising | 8822 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234821 | Total |
| Management And General | 234821 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67959 | Total |
| Management And General | 67959 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10178 | Total |
| Management And General | 10178 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|---|
| FINANCING CHARGES AND F | 107550 | 107550 | ||
| BAD DEBT | 68700 | 68700 | ||
| EVALUATIONS | 43587 | 43587 | ||
| MISCELLANEOUS | 41590 | 5829 | 12644 | 23117 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110558 | Total |
| Program Services | 14194 | ProgramServices |
| Management And General | 96364 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3431927 | Total |
| Program Services | 2431397 | ProgramServices |
| Management And General | 964770 | ManagementAndGeneral |
| Fundraising | 35760 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10914 | BOY |
| EOY | 79261 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15740245 | BOY |
| EOY | 14617096 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5808515 | BOY |
| EOY | 5345872 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 746100 | BOY |
| EOY | 5239898 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4704 | BOY |
| EOY | 62148 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1642826 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 176092 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1218507 | BOY |
| EOY | 1466734 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8735529 | BOY |
| EOY | 9294532 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32264514 | BOY |
| EOY | 36105541 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 453691 | BOY |
| EOY | 319745 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 740000 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4396100 | BOY |
| EOY | 4186638 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9797652 | BOY |
| EOY | 10134866 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15387443 | BOY |
| EOY | 14641249 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10053504 | BOY |
| EOY | 14789512 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6823567 | BOY |
| EOY | 6674780 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16877071 | BOY |
| EOY | 21464292 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32264514 | BOY |
| EOY | 36105541 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4587221 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1116677 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2524812 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3737401 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6789714 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4029320 | CurrentTaxYear |
| Total | 18197924 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1116677 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2524812 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3737401 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 6789714 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4029320 | CurrentTaxYear |
| Total | 18197924 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 4357482 | AmountsSubstContributorsTotal |
| Public Support Total170 | 13840442 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 531784 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 508322 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 517814 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 883850 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1195149 | CurrentTaxYear |
| Total | 3636919 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 32740 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 34243 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 264828 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 786657 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1616300 | CurrentTaxYear |
| Total | 2734768 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 24569611 | TotalSupport |
| Gross Receipts From Admissions Etc | 383613 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.56330 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.63900 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 436600 | OtherCostOrOtherBasis |
| Book Value | 436600 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1188433 | OtherCostOrOtherBasis |
| Depreciation | 163743 | Depreciation |
| Book Value | 1024690 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 17793 | OtherCostOrOtherBasis |
| Depreciation | 12349 | Depreciation |
| Book Value | 5444 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1466734 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| SITE DEVELOPMENT COSTS | 231057 |
| DEFERRED FINANCING COSTS | 29197 |
| DEPOSIT | 62500 |
| BOND RECEIVABLE | 8971778 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 9294532 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO SCHOOL | $457,796 |
| INVESTMENT CONTRACT PAYABLE | $3,380,400 |
| DEFERRED INCOME | $31,667 |
| BONDS PAYABLE | $6,265,003 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10134866 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 8019148 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 8019148 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 8019148 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3431927 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3431927 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3431927 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | THE FOUNDATION FOLLOWS THE U.S. GAAP STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRED THE FOUNDATION TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF JUNE 30, 2013, THE FOUNDATION DETERMINED THAT THEY HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. THE FOUNDATION FILES INFORMATION RETURNS IN THE UNITED STATES (FEDERAL) AND MASSACHUSETTS (STATE) JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|---|
| MATCH CHARTER PUBLIC SCHOOL | |||||||||
| 1001 COMMONWEALTH AVENUE | BOSTON | MA | 02215 | 043453891 | N/A | 512407 | 0 | FMV | TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL |
| MATCH COMMUNITY DAY CHARTER PUBLIC SCHOOL | |||||||||
| 215 FOREST HILLS STREET | JAMAICA PLAIN | MA | 02130 | 800693442 | N/A | 80000 | 0 | FMV | TO SUPPORT THE MATCH COMMUNITY DAY CHARTER PUBLIC SCHOOL |
| THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION INC | |||||||||
| 1001 COMMONWEALTH AVENUE | BOSTON | MA | 02215 | 300639724 | N/A | 514000 | 0 | FMV | TO SUPPORT THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 3 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE FOUNDATION REVIEWS EXPENDITURES INCURRED UNDER THE GRANT BY THE SCHOOLS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| NEW PROGRAM SERVICES | FORM 990, PART III, LINE 2 | THE FOUNDATION'S TUTOR REPLICATION (I.E. LAWRENCE AND CHICAGO) AND NEW ORLEANS PROJECTS ARE DISTINCT PROGRAMS, AND THEIR COMBINED REVENUE IS $1.1M. THE FOUNDATION DID NOT REPORT THIS PROGRAM IN THE PRIOR YEAR RETURN AS THE PROGRAM WAS INSIGNIFICANT. |
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE FOUNDATION'S TUTOR REPLICATION (I.E. LAWRENCE AND CHICAGO) AND NEW ORLEANS PROJECTS ARE DISTINCT PROGRAMS, AND THEIR COMBINED REVENUE IS $1.1M. THE FOUNDATION DID NOT REPORT THIS PROGRAM IN THE PRIOR YEAR RETURN AS THE PROGRAM WAS INSIGNIFICANT. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE FORM 990 IS REVIEWED BY THE CONTROLLER, THEN IS PROVIDED TO THE BOARD OF TRUSTEES AND FINANCE COMMITTEE 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. | |
| FORM 990, PART VII | MICHAEL GOLDSTEIN RESIGNED AS PRESIDENT EFFECTIVE MAY 1, 2013 AND STIG LESCHLY TOOK OVER AS PRESIDENT IN ADDITION TO CEO. | |
| FORM 990, PART VII | MINI JAIKUMAR RESIGNED AS CLERK AND DIRECTOR EFFECTIVE AUGUST 30, 2012. | |
| 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. |
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