MICHAEL MAGRO FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MICHAEL MAGRO FOUNDATION INC (EIN 20-2280077)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-07-31
IRS object ID
201342129349300229
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

FieldValueIRS element (for citing)
Timestamp2013-07-31T10:48:14-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1J K PESCOW & COMPANYBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1128 PROSPECT AVEAddressLine1
CityDOUGLASTONCity
StateNYState
ZIP Code11363ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN202280077EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MICHAEL MAGRO FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMICHNameControl
Phone7183261221Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 JULIAN STREETAddressLine1
CityHICKSVILLECity
StateNYState
ZIP Code11801ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePAUL MAGROName
TitlePRESIDENTTitle
Phone7183261221Phone
Date Signed2013-02-25DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameROCHELLE NECHINName
Phone7184235340Phone
Date Prepared2013-03-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonPAUL MAGRONameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line112 JULIAN STREETAddressLine1
CityHICKSVILLECity
StateNYState
ZIP Code11801ZIPCode
FieldValueIRS element (for citing)
Gross Receipts101210GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteMICHAELMAGROFOUNDATION.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2005YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionTO REDUCE THE FINANCIAL HARDSHIP OF FAMILIES OF CHILDREN DIAGNOSED WITH CANCER AND/OR BLOOD DISORDER AND HELP THOSE CHILDREN THROUGH THE TREATMENT AND AFTER TREATMENT PHASE OF THEIR ILLNESS.ActivityOrMissionDescription
Nbr Voting Members Governing Body18NbrVotingMembersGoverningBody
Nbr Independent Voting Members18NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers25TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year30272ContributionsGrantsPriorYear
Contributions Grants Current Year21994ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year223InvestmentIncomePriorYear
Investment Income Current Year160InvestmentIncomeCurrentYear
Other Revenue Prior Year59105OtherRevenuePriorYear
Other Revenue Current Year79056OtherRevenueCurrentYear
Total Revenue Prior Year89600TotalRevenuePriorYear
Total Revenue Current Year101210TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year91894OtherExpensePriorYear
Other Expenses Current Year94955OtherExpensesCurrentYear
Total Expenses Prior Year91894TotalExpensesPriorYear
Total Expenses Current Year94955TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-2294RevenuesLessExpensesPriorYear
Revenues Less Expenses CY6255RevenuesLessExpensesCY
Total Assets BOY144226TotalAssetsBOY
Total Assets EOY150481TotalAssetsEOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY144226NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY150481NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTO REDUCE THE FINANCIAL HARDSHIP OF FAMILIES OF CHILDREN DIAGNOSED WITH CANCER AND/OR BLOOD DISORDER AND HELP THOSE CHILDREN THROUGH THE TREATMENT AND AFTER TREATMENT PHASE OF THEIR ILLNESS.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense69372Expense
DescriptionTO REDUCE THE FINANCIAL HARDSHIP AND HELP EASE THE EMOTIONAL TURMOIL OF FAMILIES THAT HAVE A CHILD DIAGNOSED WITH CANCER AND OTHER NOT-FOR PROFIT INSTITUTIONS AND FOUNDATIONS THAT DO THE SAME. ADDITIONALLY, THE PURCHASE OF MEDICAL EQUIPMENT SPECIFICALLY FOR THE TREATMENT OF CHILDREN WITH CANCER FOR INSTITUTIONS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense1596Expense
DescriptionTO PROVIDE TWO SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS GOING TO COLLEGE.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense20077Expense
DescriptionS.O.A.R. PROGRAM - SCHOOL RE-ENTRY ONGOING ACADEMIC RESOURCES PROGRAM. PROVIDES INDIVIDUALIZED PRE AND POST SCHOOL REENTRY SUPPORT ESSENTIAL FOR A YOUNG STUDENT WITH CANCER OR BLOOD DISORDER. CHILDREN TREATED FOR CANCER OR BLOOD DISORDERS OFTENCANNOT ATTEND SCHOOL FOR PROLONGED PERIODS OF TIME. THE S.O.A.R PROGRAM IS DESIGNED TO GIVE EACH CHILD THE CHANCE TO FIND HAPPINESS AND SUCCESS IN AN ACADEMIC ENVIRONMENT.Description
FieldValueIRS element (for citing)
Total Program Service Expense91045TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredfalseScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members18NbrVotingGoverningBodyMembers
Number Independent Voting Members18NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementfalseRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonROCHELLE NECHINNamePerson
Telephone Number7184235340TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1128 PROSPECT AVEAddressLine1
CityDOUGLASTONCity
StateNYState
ZIP Code11363ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (18 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
DR MARK WEINBLATT
TRUSTEE2.00X000
JANICE MCINTRYE
TRUSTEE6.00X000
KENNY EXLER
TRUSTEE6.00X000
LINDA SWEENEY
TRUSTEE6.00X000
JOSEPH S DESENA
TRUSTEE6.00X000
NICOLE ALMEIDA
TRUSTEE6.00X000
ANN MARIE DEFRANCES
TRUSTEE6.00X000
MARY KATE MAFFETT-COLEMAN
TRUSTEE6.00X000
MARC MAGRO
TRUSTEE2.00X000
THOMAS PRIORE
TRUSTEE6.00X000
BARBARA SHEILDS
TRUSTEE6.00X000
GAIL FERRATINO WALSH
TRUSTEE6.00X000
EDWARD WALSH
TRUSTEE6.00X000
BRIAN HORVATH
TRUSTEE6.00X000
PAUL MAGRO
PRESIDENT10.00000X
TERRY MAGRO
V-P10.00000X
SHARON PATERNOSTER
SECRETARY6.00000X
LINDA STEINBERG
TREASURER6.00000X
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions21994AllOtherContributions
Total Contributions21994TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column160TotalRevenueColumn
Exclusion$160ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionFUNDRAISERS - NETDescription
Total Revenue Column79056TotalRevenueColumn
Exclusion$79,056ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue79056TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column101210TotalRevenueColumn
Exclusion$79,216ExclusionAmount

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total66Total
Management And General66ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total2016Total
Program Services744ProgramServices
Management And General1272ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total73Total
Program Services73ProgramServices

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total84Total
Program Services42ProgramServices
Management And General42ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total726Total
Management And General726ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
PROGRAM EXPENSES6791667916
S.O.A.R. PROGRSAM EXPENSE2000020000
STORAGE SPACE14761476
DONATIONS10391039

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total1559Total
Program Services1231ProgramServices
Management And General328ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total94955Total
Program Services91045ProgramServices
Management And General3910ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY138267BOY
EOY145605EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY3836BOY
EOY2803EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis3444LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec2783LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY711BOY
EOY661EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1412BOY
EOY1412EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY144226BOY
EOY150481EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY144226BOY
EOY150481EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY144226BOY
EOY150481EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY144226BOY
EOY150481EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses6255ReconcilationRevenueExpenses
Method Of Accounting CashXMethodOfAccountingCash
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteefalseAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years63507CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years28393CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years32810CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year30272CurrentTaxYearMinus1Year
Current Tax Year101050CurrentTaxYear
Total256032Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years63507CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years28393CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years32810CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year30272CurrentTaxYearMinus1Year
Current Tax Year101050CurrentTaxYear
Total256032Total
FieldValueIRS element (for citing)
Public Support Total170256032PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years260CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years166CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years306CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year223CurrentTaxYearMinus1Year
Current Tax Year160CurrentTaxYear
Total1115Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years86692CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years75421CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years64105CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year59105CurrentTaxYearMinus1Year
Total285323Total
FieldValueIRS element (for citing)
Total Support542470TotalSupport
Public Support Pertcentage1700.47200PublicSupportPertcentage170
Public Support Pertcent Prior Year0.30910PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170
Facts And Circumstances TestTHE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. WHILEFactsAndCircumstancesTest

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis3444OtherCostOrOtherBasis
Depreciation2783Depreciation
Book Value661BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings661TotalOfBookValueLandBuildings

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S MISSIONFORM 990 - ORGANIZATION'S MISSIONTO REDUCE THE FINANCIAL HARDSHIP OF FAMILIES OF CHILDREN DIAGNOSED WITH CANCER AND/OR BLOOD DISORDER AND HELP THOSE CHILDREN THROUGH THE TREATMENT AND AFTER TREATMENT PHASE OF THEIR ILLNESS.
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITSFORM 990, PAGE 1, PART I, LINE 6VOLUNTEERS WORK ON EVENTS. THERE IS NO COMPENSATION.
RELATED PARTY INFORMATION AMONG OFFICERSFORM 990, PAGE 6, PART VI, LINE 2PAUL MAGRO PRES FAMILY RELATIONSHIP TERRY MAGRO V-P FAMILY RELATIONSHIP MARC MAGRO TRUSTEE FAMILY RELATIONSHIP
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19FORM 990 IS SENT TO THE NYS DEPARTMENT OF CHARITIES AND OPEN FOR INSPECTION.

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