2011-11-15T09:38:09-06:00 2010-12-31 RSM MCGLADREY INC 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2010-01-01 223607512 PROJECT SUNSHINE INC PROJ 2123548035 108 WEST 39TH STREET SUITE 725 NEW YORK NY 10018 BEATRICE KERNAN 2123548035 2011-11-11 1 MARTIN GREIF 2123721000 2010 2016-02-24 21:20:13Z BEATRICE KERNAN 108 WEST 39TH STREET STE 725 NY NY 10018 3318258 0 X WWW.PROJECTSUNSHINE.ORG X 1998 NJ PROJECT SUNSHINE PROVIDES FREE PROGRAMS THAT BENEFIT CHILDREN AND FAMILIES AFFECTED BY MEDICAL CHALLENGES. 25 25 10 10000 0 0 1686545 1892097 0 0 826 4874 -278090 -359857 1409281 1537114 24103 45350 0 0 668888 650705 0 0 158699 669065 701852 1362056 1397907 47225 139207 1381210 1471019 110403 61005 1270807 1410014 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 1081616 45350 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. 1081616 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 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 0 1 16 0 1 10 1 0 1 IS 0 0 0 1 1 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X BEATRICE KERNAN 2123548035 108 WEST 39TH ST STE725 NEW YORK NY 10018 JAMES CHUNG 1.00 X 0 0 0 RICK CUMMINGS 1.00 X 0 0 0 ANNA MARIA DESALVA 1.00 X 0 0 0 VERNON EVANSON 1.00 X 0 0 0 FABIANNE B WOLFF GERSHON 1.00 X 0 0 0 SHIMON KATZ 1.00 X 0 0 0 CORINNE KELLER 1.00 X 0 0 0 YOO JIN KIM 1.00 X 0 0 0 ANDREW KLUGER 1.00 X 0 0 0 BILLY MACKLOWE 1.00 X 0 0 0 TOM MCAULEY 1.00 X 0 0 0 DARIA MYERS 1.00 X 0 0 0 FLOYD RAPPY 1.00 X 0 0 0 BERNARD M ROSOF MD 1.00 X 0 0 0 AMY SAPERSTEIN 1.00 X 0 0 0 MARK SCHONFELD 1.00 X 0 0 0 NANCY SPIELBERG 1.00 X 0 0 0 CHATRI TRISIRIPISAL 1.00 X 0 0 0 ALISON TUREN 1.00 X 0 0 0 ALBERT TYLIS 1.00 X 0 0 0 LILLIAN VERNON 1.00 X 0 0 0 ROBIN WILPON WACHTLER 1.00 X 0 0 0 DIONNE WARWICK 1.00 X 0 0 0 JOSEPH M WEILGUS 5.00 X 0 0 0 HOWARD WEISER 5.00 X 0 0 0 BEATRICE KERNAN 40.00 X 138211 0 15944 138211 0 15944 1 0 1 0 0 822515 1069582 127216 1892097 3880 3880 1352891 1351897 994 994 994 69390 822515 429247 -359857 -359857 1537114 0 0 -354983 45350 45350 154155 121176 7438 25541 408851 316899 19954 71998 41559 36625 1803 3131 46140 41451 966 3723 3816 3816 118876 118876 76916 75849 72 995 73014 62409 617 9988 121637 111791 2438 7408 37727 27396 10331 27560 24759 577 2224 17121 15381 359 1381 PROGRAM MATERIALS 155569 155194 375 MISCELLANEOUS 27374 16796 386 10192 FOOD 23318 18065 5253 COMPUTER EXPENSES 18924 12475 290 6159 1397907 1081616 157592 158699 328775 421000 723866 522664 158060 337799 18919 56131 224271 125671 117345 98600 34245 34825 1381210 1471019 70139 27200 40264 33805 110403 61005 X 911643 805267 359164 604747 1270807 1410014 1381210 1471019 139207 0 X 0 1 1 X 0 X 2194405 2170419 1622572 1686545 1892097 9566038 2194405 2170419 1622572 1686545 1892097 9566038 367423 9198615 3398 50398 10890 15930 3880 84496 9650534 0.95320 0.94540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65060 32530 32530 111961 55964 55997 47250 37177 10073 98600 DEFERRED LEASE OBLIGATION 33805 33805 1537114 1397907 139207 0 139207 1574825 37711 37711 1537114 0 1537114 1435618 37711 37711 1397907 0 1397907 PROJECT SUNSHINE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES UNDER ASC 740, ACCOUNTING FOR INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, PROJECT SUNSHINE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. 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 THIS GUIDANCE. GENERALLY, PROJECT SUNSHINE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2007, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. 1 CHINA 0 0 SUPPORT OF VOLUNTEER PROGRAM SERVICES PROGRAM MATERIALS 8500 ISRAEL 0 0 SUPPORT OF VOLUNTEER PROGRAM SERVICES PROGRAM MATERIALS 15050 KENYA 0 0 SUPPORT OF VOLUNTEER PROGRAM SERVICES PROGRAM MATERIALS 21800 0 0 0 45350 0 45350 CHINA SUPPORT OF PROGRAMS 8500 CASH ISRAEL SUPPORT OF PROGRAMS 6500 WIRE TRANSFER KENYA SUPPORT OF PROGRAMS 21800 WIRE TRANSFER 3 0 SUPPORT OF PROGRAMS ISRAEL 1 8550 WIRE TRANSFER 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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 760765 707965 52800 0 0 188703 0 0 166560 OTHER 131140 114550 16590 0 0 30070 0 0 43914 891905 822515 69390 218773 210474 429247 -359857 X X X 0 0 0 0 0 0 0 0 0 BEATRICE KERNAN 138211 0 0 0 0 0 10000 0 5944 0 154155 0 0 0 X 3 78439 FMV X PROGRAM SUPPLIES/MATERIALS 13 48777 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 FOR COMPLETENESS AND ACCURACY. 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 AND KEY EMPLOYEES. ON AN ANNUAL BASIS, BOARD MEMBERS AND KEY 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 AND KEY EMPLOYEES ARE ALSO RESPONSIBLE FOR PROMPTLY DISCLOSING ANY CONFLICT THAT MAY ARISE. FORM 990, PART VI, SECTION B, LINE 15 FOR THE COMPENSATION OF TOP MANAGEMENT POSITIONS, THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS, BASED ON OUTSIDE COMPARATIVES, WHICH ARE REVIEWED AND APPROVED BY THE CHAIRMAN OF THE BOARD, IN CONSULTATION WITH KEY MEMBERS OF THE BOARD OF DIRECTORS. 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.