2014-05-15T16:11:20-05:00 2013-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2012-07-01 043476160 THE MATCH SCHOOL FOUNDATION INC MATC 6172520300 1001 COMMONWEALTH AVENUE BOSTON MA 02215 STIG LESCHLY 6172520300 2014-05-14 1 JOHN BUCKLEY CPA P00830631 5083669100 2014-05-14 2012 2015-11-30 17:44:51Z STIG LESCHLY 1001 COMMONWEALTH AVENUE BOSTON MA 02215 8019148 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 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. 5 5 19 1 0 0 6789714 4029320 356700 1178379 883850 1195149 423609 1616300 8453873 8019148 2002274 1106407 0 0 5694 922358 0 0 35760 329418 1403162 2337386 3431927 6116487 4587221 32264514 36105541 15387443 14641249 16877071 21464292 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 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. 1 1 2431397 1106407 2794679 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. 2431397 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 0 0 0 1 11 0 19 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X RICHARD E DRAGON CPA 6172320300 1001 COMMONWEALTH AVENUE BOSTON MA 02215 X DENISE BLUMENTHAL 2.00 X X 0 0 0 MATTHEW VETTEL 2.00 X X 0 0 0 MINI JAIKUMAR 2.00 X X 0 0 0 BRIDGITT EVANS 2.00 X 0 0 0 PAUL DENINGER 2.00 X 0 0 0 MICHAEL GOLDSTEIN 2.00 X 0 0 0 STIG LESCHLY 5.00 X 0 0 0 MEREDITH LIU 2.00 X 21259 0 613 21259 0 613 0 0 0 0 MATCH CHARTER PUBLIC SCHOOL 1001 COMMONWEALTH AVENUE BOSTON MA 02215 ADMINISTRATIVE FEE 168989 1 4029320 4029320 TUTOR CONSULTING FEE 900099 1178379 1178379 1178379 1195149 1195149 LOAN FORGIVENESS 900000 1290829 1290829 AMORTIZATION OF BOND DISCOUNT 900001 281185 281185 MISCELLANEOUS INCOME 900099 44286 44286 1616300 8019148 2794679 0 1195149 1106407 1106407 75191 75191 750589 599476 151113 75235 61193 14042 21343 21343 168989 168989 10500 10500 1571 680 891 4635 4635 5292 5292 10463 7707 2756 489651 489651 18296 17231 1065 8822 8822 234821 234821 67959 67959 10178 10178 FINANCING CHARGES AND F 107550 107550 BAD DEBT 68700 68700 EVALUATIONS 43587 43587 MISCELLANEOUS 41590 12644 5829 23117 110558 14194 96364 3431927 2431397 964770 35760 10914 79261 15740245 14617096 5808515 5345872 746100 5239898 4704 62148 1642826 176092 1218507 1466734 8735529 9294532 32264514 36105541 453691 319745 740000 4396100 4186638 9797652 10134866 15387443 14641249 X 10053504 14789512 6823567 6674780 16877071 21464292 32264514 36105541 4587221 0 X X 0 1 X 1 0 X 1116677 2524812 3737401 6789714 4029320 18197924 1116677 2524812 3737401 6789714 4029320 18197924 4357482 13840442 531784 508322 517814 883850 1195149 3636919 32740 34243 264828 786657 1616300 2734768 24569611 383613 0.56330 0.63900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 436600 436600 1188433 163743 1024690 17793 12349 5444 1466734 SITE DEVELOPMENT COSTS 231057 DEFERRED FINANCING COSTS 29197 DEPOSIT 62500 BOND RECEIVABLE 8971778 9294532 DUE TO SCHOOL 457796 INVESTMENT CONTRACT PAYABLE 3380400 DEFERRED INCOME 31667 BONDS PAYABLE 6265003 10134866 X 8019148 0 8019148 0 8019148 3431927 0 3431927 0 3431927 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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. 1 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. 3 THE FOUNDATION REVIEWS EXPENDITURES INCURRED UNDER THE GRANT BY THE SCHOOLS. 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.