2014-11-17T11:54:27-06:00 2013-12-31 521022232 SNYDER COHN PC 11200 ROCKVILLE PIKE SUITE 415 NORTH BETHESDA MD 20852 990 2013-01-01 010637743 MOST VALUABLE KIDS INC MOST 3019197180 11122 STEPHALEE LANE ROCKVILLE MD 20852 DARYLE BOBB FOUNDER 3019197180 2014-11-12 1 STEVEN M BRAUNSTEIN P00086901 3016526700 2013 2015-11-30 17:44:51Z DARYLE BOBB 11122 STEPHALEE LANE ROCKVILLE MD 20852 332152 0 X WWW.MOSTVALUABLEKIDS.ORG X 2002 MD TO FOSTER EDUCATIONAL AND SOCIAL ACHIEVEMENT OF UNDERPRIVILEGED CHILDREN. 12 12 1 12 0 0 134635 286752 0 0 13 19 7571 26322 142219 313093 0 0 0 0 42255 38524 8000 0 26737 63310 117118 113565 155642 28654 157451 94279 273227 20077 22576 74202 250651 TO FOSTER EDUCATIONAL AND SOCIAL ACHIEVEMENT OF UNDERPRIVILEGED CHILDREN. 0 0 86744 TO PROMOTE AN APPRECIATION OF SPORTS AND PHYSICAL ACTIVITY FOR UNDERPRIVILEGED, NEEDY, AND LESS FORTUNATE CHILDREN UNDER THE AGE OF 18, TO COMBAT JUVENILE DELINQUENCY, AND TO PROVIDE EDUCATION AND CHARACTER BUILDING PROGRAMS. 86744 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 0 MD X LESLIE GILINSON 2023455678 14023 WELLAND TERRACE NORTH POTOMAC MD 20878 X DARYLE BOBB DIRECTOR 3.00 X X 0 0 0 BETH BOBB DIRECTOR 1.00 X X 0 0 0 LESLIE GILINSON TREASURER 3.00 X X 0 0 0 MATT WARD DIRECTOR 1.00 X 0 0 0 ANTON COHEN DIRECTOR 1.00 X 0 0 0 NEIL KISHTER VICE PRESIDENT 1.00 X X 0 0 0 STEPHEN LIEBERMAN PRESIDENT 3.00 X X 0 0 0 JOANNE HAMILTON DIRECTOR 1.00 X 0 0 0 ADAM KAPLAN DIRECTOR 1.00 X 0 0 0 MIKE SCHAENGOLD DIRECTOR 1.00 X 0 0 0 TRAVIS BOOTH DIRECTOR 1.00 X 0 0 0 JOE ZAMOISKI DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 76928 209824 286752 19 19 45381 76928 19059 26322 26322 313093 0 0 26341 X 25818 20654 3873 1291 12706 10165 1906 635 7800 7800 48267 11625 13392 23250 279 279 5845 267 4898 680 4405 3524 881 1240 1240 2032 2032 PURCHASED TICKETS 40365 40365 POSTAGE AND DELIVERY 4630 3518 1112 MEALS AND ENTERTAINMENT 1433 1433 OTHER ADMINISTRATIVE EX 280 280 542 150 392 155642 86744 42161 26737 49046 119832 25988 30996 18341 26280 16986 6700 5727 904 973 0 78160 94279 273227 15606 13132 4471 9444 20077 22576 X 55861 215178 18341 35473 74202 250651 94279 273227 X 157451 18998 X 1 X 0 0 0 X 767122 856235 992345 715318 931582 4262602 767122 856235 992345 715318 931582 4262602 135818 4126784 30 16 13 19 78 4262680 0.96810 0.97350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6700 5727 973 973 OTHER ASSETS - TICKETS 78160 78160 ACCRUED PAYROLL AND PAYROLL TAXES 9444 9444 X PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX EFFECT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE ACCRUED AS A COMPONENT OF GENERAL AND ADMINISTRATIVE EXPENSES WHEN ASSESSED. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY UNDER SECTION 501(C)(3) AND ITS DETERMINATION THAT IT HAS NO UNRELATED BUSINESS INCOME AS TAX POSITIONS; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. INCOME TAX YEARS ENDED PRIOR TO DECEMBER 31, 2010 ARE NO LONGER SUBJECT TO AUDIT BY TAXING AUTHORITIES. GOLF TOURNAMENT 89614 76928 12686 15201 SILENT AUCTION 32695 0 32695 3858 122309 76928 45381 19059 19059 26322 X EVENT TICKETS 4461 0 0 0 0 PART I, LINE 33: THE ORGANIZATION RECEIVED CONTRIBUTIONS OF EVENT TICKETS WITH A FAIR VALUE OF $599,449 DURING 2013. THESE CONTRIBUTIONS HAVE NOT BEEN REPORTED AS REVENUES ON FORM 990, PART VIII BECAUSE THE ORGANIZATION DOES NOT USE OR SELL THE CONTRIBUTIONS TO RAISE FUNDS BUT RATHER PASSES THEM ON TO THOSE WHO QUALIFY TO RECIEVE THEM UNDER THE ORGANIZATION'S GUIDLINES IN ACCORDANCE WITH ITS MISSION AND EXEMPT PURPOSE. FORM 990, PART VI, SECTION A, LINE 2 DARYLE BOBB, FOUNDER, AND BETH BOBB, DIRECTOR, ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 10B NO FORMAL POLICIES AND PROCEDURES EXIST FOR THE CHAPTERS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS FIRST REVIEWED BY THE EXECUTIVE DIRECTOR FOR INFORMATION ACCURACY AND BY THE CFO FOR FINANCIAL ACCURACY. A FINAL REVIEW IS THEN DONE BY THE PRESIDENT BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION IS DETERMINED BY COMPARING SALARIES OF PEOPLE IN SIMILAR POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 189. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 189. MERCHANT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,578. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,578. CONSULTING: PROGRAM SERVICE EXPENSES 11,625. MANAGEMENT AND GENERAL EXPENSES 11,625. FUNDRAISING EXPENSES 23,250. TOTAL EXPENSES 46,500. FORM 990, PART XI, LINE 9: REVENUE ON BOOKS NOT ON RETURN 18,998. FORM 990, PART XI, LINE 9 THE ORGANIZATION RECEIVED CONTRIBUTIONS OF EVENT TICKETS WITH A FAIR VALUE OF $599,449 DURING 2013, OF WHICH $18,998 WAS FOR 2014 EVENTS. THESE TICKETS WERE INCLUDED IN OTHER ASSETS ON THE BALANCE SHEET AS OF DECEMBER 31, 2013. HOWEVER, BECAUSE THE ORGANIZATION DOES NOT USE OR SELL THE CONTRIBUTIONS TO RAISE FUNDS BUT RATHER PASSES THEM ON TO THOSE WHO QUALIFY TO RECEIVE THEM UNDER THE ORGANIZATION'S GUIDELINES IN ACCORDANCE WITH ITS MISSION AND EXEMPT PURPOSE, THERE WILL BE NO EFFECT ON THE STATEMENT OF REVENUE OR STATEMENT OF FUNCTIONAL EXPENSES IN REGARDS TO TICKET ACTIVITY, THUS RESULTING IN A RECONCILING ITEM TO NET ASSETS FOR ANY TICKETS CONTRIBUTED BUT NOT YET USED BY DECEMBER 31, 2013. THE $18,998 IN DONATED OTHER ASSETS WAS REPORTED ON THE BALANCE SHEET FOR BOOK PURPOSES, NOT TAX PURPOSES, AS OF DECEMBER 31, 2013. FORM 990, PART IX, LINE 25 THE ORGANIZATION ACTS IN AN AGENCY CAPACITY TO MATCH UP DONATIONS OF PROFESSIONAL AND COLLEGIATE SPORTS AND ENTERTAINMENT EVENTS WITH THOSE THE ORGANIZATION HAS DETERMINED QUALIFY TO RECEIVE THESE DONATIONS. BECAUSE THE ORGANIZATION FUNCTIONS PRIMARILY TO ADMINISTER THIS PROGRAM, THE ORGANIZATION'S MANAGEMENT AND GENERAL EXPENSES WILL GENERALLY APPEAR HIGH AS A PERCENTAGE OF ITS TOTAL EXPENSES. SEE SCHEDULE M FOR FURTHER EXPLANATION OF EVENT TICKETS RECEIVED AND DONATED.