2014-11-14T09:25:47-06:00 2013-12-31 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2013-01-01 223607512 PROJECT SUNSHINE INC PROJ 2123548035 211 EAST 43RD STREET NO 401 NEW YORK NY 10017 BEATRICE KERNAN EXECUTIVE DIRECTOR 2123548035 2014-11-12 1 MARTIN GREIF P00029738 2123721000 2013 2015-11-30 17:44:51Z X BEATRICE KERNAN 211 EAST 43RD STREET NO 401 NEW YORK NY 10017 3262420 0 X WWW.PROJECTSUNSHINE.ORG X 1998 NJ PROJECT SUNSHINE PROVIDES FREE PROGRAMS THAT BENEFIT CHILDREN AND FAMILIES AFFECTED BY MEDICAL CHALLENGES. 26 26 14 15000 0 0 2213644 2763805 0 0 2641 1715 -267705 -273020 1948580 2492500 94782 121278 0 0 879319 945235 0 0 195763 963517 1136353 1937618 2202866 10962 289634 1593034 1871819 78307 67458 1514727 1804361 PROJECT SUNSHINE IS A VOLUNTEER-BASED NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES FREE RECREATIONAL, EDUCATIONAL AND SOCIAL SERVICE PROGRAMS THAT BENEFIT CHILDREN AND FAMILIES AFFECTED BY MEDICAL CHALLENGES. 0 0 1769734 121278 PROJECT SUNSHINE, INC. IS A VOLUNTEER-BASED NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES FREE RECREATIONAL, EDUCATIONAL AND SOCIAL SERVICE PROGRAMS THAT BENEFIT CHILDREN AND FAMILIES AFFECTED BY MEDICAL CHALLENGES. 1769734 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 34 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X BEATRICE KERNAN 2123548035 211 EAST 43RD STREET SUITE 401 NEW YORK NY 10017 X NATAN BIBLIOWICZ DIRECTOR 1.00 X 0 0 0 JAMES CHUNG DIRECTOR 1.00 X 0 0 0 ANNA MARIA DESALVA DIRECTOR 1.00 X 0 0 0 VERNON EVENSON DIRECTOR 1.00 X 0 0 0 FABIANNE B WOLFF GERSHON DIRECTOR 1.00 X 0 0 0 SHIMON KATZ DIRECTOR 1.00 X 0 0 0 CORINNE KELLER DIRECTOR 1.00 X 0 0 0 YOO JIN KIM DIRECTOR 1.00 X 0 0 0 ANDREW KLUGER DIRECTOR 1.00 X 0 0 0 BILLY MACKLOWE DIRECTOR 1.00 X 0 0 0 TOM MCAULEY DIRECTOR 1.00 X 0 0 0 DARIA MYERS DIRECTOR 1.00 X 0 0 0 FLOYD RAPPY DIRECTOR 1.00 X 0 0 0 BERNARD M ROSOF MD DIRECTOR 1.00 X 0 0 0 AMY SAPERSTEIN DIRECTOR 1.00 X 0 0 0 MARK SCHONFELD DIRECTOR 1.00 X 0 0 0 NANCY SPIELBERG DIRECTOR 1.00 X 0 0 0 CHATRI TRISIRIPISAL DIRECTOR 1.00 X 0 0 0 REED V TUCKSON DIRECTOR 1.00 X 0 0 0 ALISON TUREN DIRECTOR 1.00 X 0 0 0 ALBERT TYLIS DIRECTOR 1.00 X 0 0 0 LILLIAN VERNON DIRECTOR 1.00 X 0 0 0 ROBIN WILPON WACHTLER DIRECTOR 1.00 X 0 0 0 DIONNE WARWICK DIRECTOR 1.00 X 0 0 0 JOSEPH M WEILGUS CHAIRMAN 5.00 X 0 0 0 HOWARD WEISER DIRECTOR 5.00 X 0 0 0 BEATRICE KERNAN EXECUTIVE DIRECTOR 40.00 X 148167 0 30448 148167 0 30448 1 0 1 0 0 1066400 1697405 182193 2763805 1715 1715 400000 400000 0 96900 1066400 369920 -273020 -273020 2492500 0 0 -271305 121278 121278 178615 141297 12382 24936 644995 501758 43914 99323 62475 53418 4707 4350 59150 51525 3167 4458 3930 3930 131975 131975 130433 109762 20671 117271 92629 5120 19522 130345 113543 6980 9822 55476 43343 400 11733 24583 21414 1316 1853 22478 19580 1204 1694 PROGRAM MATERIALS 428133 428133 FOOD 42819 35902 6917 MISCELLANEOUS 26347 21746 1233 3368 COMPUTER EXPENSES 22563 14406 370 7787 2202866 1769734 237369 195763 615956 1010787 578880 623535 220788 86019 75996 73978 248496 205241 67169 43255 34245 34245 1593034 1871819 60219 61428 18088 6030 78307 67458 X 1094740 1242119 419987 562242 1514727 1804361 1593034 1871819 289634 0 X 0 1 X 1 0 X 1686545 1892097 2171847 2213644 2763805 10727938 1686545 1892097 2171847 2213644 2763805 10727938 1996171 8731767 15930 3880 1781 2761 1715 26067 10754005 0.81200 0.86270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65060 60413 4647 136186 97578 38608 47250 47250 0 43255 DEFERRED LEASE OBLIGATION 6030 6030 X 2554489 61989 61989 2492500 0 2492500 2264855 61989 61989 2202866 0 2202866 PART X, LINE 2: PROJECT SUNSHINE WAS INCORPORATED IN 1998 AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) AS AN ORGANIZATION (NOT A PRIVATE FOUNDATION) FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE IRC. ADDITIONALLY, PROJECT SUNSHINE AS A NONPROFIT ENTITY IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE TAX YEARS ENDED DECEMBER 31, 2013 AND 2012, PROJECT SUNSHINE DID NOT OWE ANY UBIT. MANAGEMENT EVALUATED PROJECT SUNSHINE'S TAX POSITIONS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT PROJECT SUNSHINE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION 740, ACCOUNTING FOR INCOME TAXES. GENERALLY, PROJECT SUNSHINE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. 1 EAST ASIA AND THE PACIFIC 0 0 SUPPORT OF VOLUNTEER PROGRAM SERVICES PROGRAM MATERIALS 24409 MIDDLE EAST AND NORTH AFRICA 0 1 SUPPORT OF VOLUNTEER PROGRAM SERVICES PROGRAM MATERIALS 59069 SUB-SAHARAN AFRICA 0 0 SUPPORT OF VOLUNTEER PROGRAM SERVICES PROGRAM MATERIALS 37800 0 1 0 0 0 1 121278 0 121278 EAST ASIA AND THE PACIFIC SUPPORT OF PROGRAMS 24409 CASH MIDDLE EAST AND NORTH AFRICA SUPPORT OF PROGRAMS 34640 WIRE TRANSFER SUB-SAHARAN AFRICA SUPPORT OF PROGRAMS 37800 WIRE TRANSFER 3 0 SUPPORT OF PROGRAMS MIDDLE EAST AND NORTH AFRICA 1 24429 WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF ANY FUNDS TRANSFERRED OUTSIDE OF THE UNITED STATES FOR PROGRAM SERVICE ACTIVITIES. THE PARTIES RECEIVING SUCH FUNDS ARE REQUIRED TO SUBMIT BACKUP DOCUMENTATION FOR EXPENSES INCURRED IN CARRYING OUT THE PROGRAM SERVICE ACTIVITIES. IN ADDITION, THESE PARTIES ARE IN CONTINUAL CONTACT WITH PROJECT SUNSHINE THROUGHOUT THE YEAR REGARDING THE PROGRAMS THAT THEY ARE CONDUCTING AND PROVIDING UPDATES TO THE ORGANIZATION OF THE RESULTS OF SUCH ACTIVITIES. GALA EVENT 659253 606753 52500 164289 78087 GOLF CLASSIC 470832 431632 39200 69421 43281 1 33214 28014 5200 7200 7642 1163299 1066399 96900 240910 129010 369920 -273020 X X X 0 0 0 0 0 0 0 0 0 BEATRICE KERNAN EXECUTIVE DIRECTOR 148167 0 0 0 0 0 21000 0 9448 0 178615 0 0 0 X PROGRAM SUPPL 23 182193 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SHIMON KATZ, DIRECTOR AND NANCY SPIELBERG, DIRECTOR HAVE FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE AND AUDIT COMMITTEE IS AUTHORIZED BY THE BOARD OF DIRECTORS TO REVIEW AND APPROVE THE IRS FORM 990. THE ORGANIZATION'S AUDIT FIRM PROVIDES THE FINANCE AND AUDIT COMMITTEE WITH A DRAFT OF THE IRS FORM 990, WHICH THE FINANCE AND AUDIT COMMITTEE AND MANAGEMENT THEN REVIEW ON BEHALF OF THE BOARD. THE AUDIT FIRM THEN ADDRESSES ANY CONCERNS OR REVISIONS TO THE IRS FORM 990 PROPOSED BY THE FINANCE AND AUDIT COMMITTEE. THE FINANCE AND AUDIT COMMITTEE THEN VOTE FOR THE APPROVAL OF THE IRS FORM 990. THE IRS FORM 990 IS THEN MADE AVAILABLE TO EACH MEMBER OF THE BOARD OF DIRECTORS BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD-APPROVED CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL BOARD MEMBERS, OFFICERS AND SENIOR EMPLOYEES. ON AN ANNUAL BASIS, BOARD MEMBERS, OFFICERS AND SENIOR EMPLOYEES MUST DISCLOSE ANY CONFLICTS THAT HE OR SHE MAY HAVE BY COMPLETING A CONFLICTS OF INTEREST DISCLOSURE FORM AND SUBMITTING IT TO A MEMBER OF THE ORGANIZATION'S MANAGEMENT FOR REVIEW. BOARD MEMBERS, OFFICERS AND SENIOR EMPLOYEES ARE ALSO RESPONSIBLE FOR PROMPTLY DISCLOSING ANY CONFLICT THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15A LINE 15A: THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE CHAIRMAN OF THE BOARD, BASED ON OUTSIDE COMPARATIVES AND IN CONSULTATION WITH KEY MEMBERS OF THE BOARD OF DIRECTORS. THE DECISIONMAKING PROCESS IS CONTEMPORANEOUSLY SUBSTANTIATED IN THE BOARD MINUTES. LINE 15B: THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION REPORTED ON THIS FORM 990. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN (F) THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN COLUMN F, PART VII AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS.