2023-09-27T13:34:44-05:00 2023-03-31 113266576 GRASSI & CO CPA'S PC 750 THIRD AVENUE 28TH FLOOR NEW YORK NY 10017 990 2022-04-01 141612290 FRIENDS OF KAREN INC FRIE 9142774547 118 TITICUS ROAD NORTH SALEM NY 10560 JUDITH FACTOR EXECUTIVE DIRECTOR 9142774547 2023-09-22 1 JUDITH FACTOR 999009999 0 DAVID ROTTKAMP P01303468 2126616166 2023-09-19 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JUDITH FACTOR 118 TITICUS ROAD NORTH SALEM NY 10560 5278924 0 X WWW.FRIENDSOFKAREN.ORG X 1979 NY PROVPROVIDES EMOTIONAL , FINANCIAL AND ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTION AND ABLE TO COPE. 15 15 35 256 0 0 4025317 4471360 0 0 175612 127713 324195 -216964 4525124 4382109 1450533 1577234 0 0 2049131 2208783 0 0 510433 457480 559093 3957144 4345110 567980 36999 6402198 6250678 290192 322136 6112006 5928542 X PROVIDES EMOTIONAL, FINANCIAL AND ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTIONING, AND ABLE TO COPE. 0 0 3408287 1577234 IN 2022 FRIENDS OF KAREN PROVIDED PSYCHOSOCIAL,FINANCIAL AND ADVOCACY SUPPORT FOR 1,298 CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES,THEIR SIBLINGS, PARENTS AND OTHER FAMILY MEMBERS. CHILDREN AND THEIR FAMILIES WERE REFERRED TO FRIENDS OF KAREN FROM 17 MAJOR HOSPITALS IN NEW YORK, NEW JERSEY AND CONNECTICUT WHERE CHILDREN ARE TREATED IN THE PEDIATRIC ONCOLOGY OR TRANSPLANT UNIT. FRIENDS OF KAREN EMBRACES THE NEEDS OF THE WHOLE FAMILY WHICH IS AFFECTED DEEPLY BY THE CONSEQUENCES OF THE CHILD'S ILLNESS. ITS COMPREHENSIVE SERVICES, INCLUDING SPECIAL ASSISTANCE FOR SIBLINGS (ONE-ON-ONE AND GROUP ZOOM SESSIONS FOR 251 CHILDREN IN 2022), ARE PROVIDED AT NO COST TO FAMILIES. (CONTINUED ON SCHEDULE O)ALL SERVICES ARE DELIVERED BY A TEAM OF LICENSED, SKILLED PROFESSIONAL SOCIAL WORKERS, CHILD LIFE SPECIALISTS AND CREATIVE ARTS THERAPISTS. FRIENDS OF KAREN IS A PROGRAM THAT EXEMPLIFIES THE CURRENT STANDARDS OF PSYCHOSOCIAL CARE FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES. IN ADDITION TO COVERING ILLNESS-RELATED AND BASIC LIVING EXPENSES FOR A FAMILY WHEN THERE IS A LOSS OF INCOME AS A RESULT OF THE CHILD'S ILLNESS, FRIENDS OF KAREN'S GIFT PROGRAMS OFFERED BIRTHDAY AND HOLIDAY GIFTS TO ILL CHILDREN AND THEIR SIBLINGS, AS WELL AS SCHOOL SUPPLIES. IN 2022 FRIENDS OF KAREN FULFILLED THE HOLIDAY WISHES OF 808 CHILDREN, AND DISTRIBUTED BACK-TO-SCHOOL BACKPACKS AND SCHOOL SUPPLIES TO 738 CHILDREN, AS WELL AS BIRTHDAY GIFTS TO 708 CHILDREN. THE ORGANIZATION PROVIDED FUNDS FOR THANKSGIVING AND HOLIDAY MEALS, AND SUPERMARKET GIFT CARDS AND EMERGENCY FUNDS FOR FOOD YEAR-ROUND TO THE NEEDIEST FAMILIES. THROUGH A SPECIAL FUND, FRIENDS OF KAREN WAS ALSO ABLE TO PROVIDE GIFT CARDS TO PURCHASE CLOTHING AND SHOES FOR ILL CHILDREN, THEIR SIBLINGS AND SOMETIMES THE PARENTS WHOSE RESOURCES ARE STRETCHED TO THE LIMIT DUE TO LOSS OF JOBS OR EMPLOYMENT INTERRUPTIONS AS A RESULT OF THEIR CHILD'S ILLNESS. 3408287 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 68 0 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CT NJ X X THERESA SORRENTINO 9146174049 118 TITICUS ROAD NORTH SALEM NY 10560 LAURA SALERNO-EVANS VICE PRESIDENT 2.00 X X 0 0 0 RICHARD SGAGLIO PRESIDENT 2.00 X X 0 0 0 SHARON WEINER SECRETARY 2.00 X X 0 0 0 THOMAS JOCELYN TREASURER 2.00 X X 0 0 0 ARLENE DEL MUNDO BOARD MEMBER 1.00 X 0 0 0 EVAN SCHREIBER BOARD MEMBER 1.00 X 0 0 0 FRANCISCO BARRENECHEA BOARD MEMBER 1.00 X 0 0 0 JONATHAN MALAWER BOARD MEMBER 1.00 X 0 0 0 LOUIS MELTZER BOARD MEMBER 1.00 X 0 0 0 MARISA CARSON - BIBENS BOARD MEMBER (ENDED 12/22) 1.00 X 0 0 0 MICHAEL NIEVES BOARD MEMBER 1.00 X 0 0 0 MICHAEL ZARO BOARD MEMBER 1.00 X 0 0 0 PAMELA HERVEY BOARD MEMBER 1.00 X 0 0 0 RUNA GANGULY ROSENFIELD BOARD MEMBER (ENDED 8/22) 1.00 X 0 0 0 PAUL SMADBECK BOARD MEMBER 1.00 X 0 0 0 STEVEN SWIRSKY BOARD MEMBER 1.00 X 0 0 0 JUDITH FACTOR EXECUTIVE DIRECTOR 40.00 X 204015 0 430 THERESA SORRENTINO DIRECTOR , FINANCE & ADM 40.00 X 107400 0 10856 LESLIE BELLISSIMO REGIONAL DIRECTOR , LI, METRO NYC 40.00 X 123231 0 0 RHONDA RYAN DIRECTOR , FAMILY SUPPORT 40.00 X 118700 0 430 553346 0 11716 4 0 1 0 0 1441175 49947 2980238 331815 4471360 120527 120527 584207 760 577061 720 7146 40 7186 7186 82331 1441175 319034 -236703 -236703 OTHER INCOME 900099 19739 19739 19739 4382109 0 0 -89251 1577234 1577234 330861 226135 45811 58915 1575207 1076624 218078 280505 96484 65389 14616 16479 206231 139767 31241 35223 21240 21240 107511 51748 44398 11365 271168 170970 32180 68018 24486 16349 4596 3541 6929 6332 350 247 1064 355 339 370 47309 34186 5051 8072 49187 37148 5571 6468 OUTREACH AND COMMUNCIAT 25553 6000 19553 MISCELLANEOUS 4387 50 2819 1518 CATERING AND ENTERTAINM 159 159 DONATED MATERIALS AND S 100 100 4345110 3408287 426390 510433 732740 734015 36282 39298 201062 298000 15295 14743 992741 756921 252944 235820 5159341 4894125 4534 34677 6402198 6250678 123343 119547 166849 165153 0 37436 290192 322136 X 5775576 5415721 366430 512821 6112006 5928542 6402198 6250678 X 36999 -371649 155000 -3814 X X 0 1 X 1 0 X 3685290 3404717 3672508 4025317 4471360 19259192 3685290 3404717 3672508 4025317 4471360 19259192 1180814 18078378 117495 126480 69010 120877 120527 554389 -121012 -125305 -58237 324195 -216964 -197323 19616258 0.92160 0.90670 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 17,843. 2022 AMOUNT: $ 19,739. NET INCOME OR LOSS FROM FUNDRAISING EVENTS - 2018 AMOUNT: $ -121,012. 2019 AMOUNT: $ -125,305. 2020 AMOUNT: $ -58,237. 2021 AMOUNT: $ 306,352. 2022 AMOUNT: $ -236,703. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 1.00000 0 0 1 1 720828 554642 166186 259537 199886 59651 12375 2393 9982 235820 OPEARTING LEASE LIABILITES 37436 37436 X 3992867 -371649 31447 -340202 4333069 21240 27800 49040 4382109 4327517 3647 3647 4323870 21240 21240 4345110 PART V, LINE 4: INCOME TO BE USED FOR ITEMS THAT ARE IMPORTANT TO THE WELL-BEING OF THE CHILD THAT ARE NOT NORMALLY PAID FOR BY THE ORGANIZATION. PART X, LINE 2: THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADD BACK DONATED DIRECT COST OF SPECIAL EVENTS REMOVED FROM 990 27,800. NYC GALA 593270 581436 11834 19496 60500 30568 23244 ALWAYS GOLD GALA 237808 217458 20350 8886 29951 4156 25257 1 692428 642281 50147 150 38545 36368 10200 31713 1523506 1441175 82331 150 66927 126819 44924 80214 319034 -236703 1 BILLS PAID ON BEHALF OF CRITICALLY ILL CHILDREN 1299 1356166 221068 RETAIL COST CLOTHING/HOUSEHOLD PART I, LINE 2: AS DONATIONS COME IN, FRIENDS OF KAREN, INC. RECORDS THEM AS A GIFT IN KIND IN THE RAISER'S EDGE DATABASE EITHER AT THE VALUE SUGGESTED BY THE DONOR OR RETAIL COST. A WRITTEN REQUEST IS PROCESSED BY ONE OF THE SOCIAL WORKERS IDENTIFYING A FAMILY IN NEED, THE ITEMS ARE DISTRIBUTED ACCORDINGLY AND THEN RECORDED IN ETO SOCIAL SOLUTIONS (CHILD DATABASE) AND THEN MAILED TO THE APPROPRIATE FAMILY. X X X 0 0 0 0 0 0 0 1 0 JUDITH FACTOR EXECUTIVE DIRECTOR 199015 0 5000 0 0 0 0 0 430 0 204445 0 0 0 PART I, LINE 7 THE ORGANIZATION'S BOARD APPROVES THE BONUS AWARDED AND PAID TO JUDITH FACTOR. X 290 RETAIL X 158183 RETAIL X 12 66896 MARKET VALUE X 1 195 FMV X OTHER 1564 106251 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE FORM 990 WAS REVIEWED AND DISCUSSED THOROUGHLY WITH THE FINANCE COMMITTEE MEMBERS. AFTER THE FINANCE COMMITTEE APPROVED THE DRAFT, THE DRAFT WAS PRESENTED TO ALL BOARD MEMBERS ELECTRONICALLY. ALL ISSUES WERE THOROUGHLY REVIEWED AND CORRECTED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS ANNUALLY, WHICH THE EXECUTIVE DIRECTOR REVIEWS. AFTER REVIEWING THE FORMS, THE EXECUTIVE DIRECTOR REPORTS BACK TO THE BOARD OF DIRECTORS. THE GOVERNING BOARD OR COMMITTEE WILL ADDRESS ANY POTENTIAL CONFLICTS OF INTEREST THAT MAY ARISE. THEY WILL DETERMINE IF THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THESE FORMS ARE MAINTAINED IN INDIVIDUAL BOARD MEMBER PERSONNEL FILES. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SERVES AS THE PERSONNEL AND COMPENSATION COMMITTEE. IN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR, THE COMMITTEE REVIEWED SALARIES OF SIMILAR ORGANIZATIONS (SIZE , BUDGET, MISSION) AS WELL AS THE SCOPE OF RESPONSIBILITIES AND RANGE OF THE EXECUTIVE DIRECTOR'S EXPERIENCE. THIS PROCESS LAST TOOK PLACE IN APRIL 2022. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND IN THE ANNUAL REPORT PUBLISHED IN THE FALL, AND WIDELY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING PRINCIPLE - TOPIC 842 -3,814. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.