2024-09-18T14:22:14-05:00 2024-03-31 113266576 GRASSI & CO CPA'S PC 750 THIRD AVENUE 28TH FLOOR NEW YORK NY 10017 990 2023-04-01 141612290 FRIENDS OF KAREN INC FRIE 9142774547 118 TITICUS ROAD NORTH SALEM NY 10560 JUDITH FACTOR EXECUTIVE DIRECTOR 9142774547 2024-09-18 1 0 DAVID ROTTKAMP P01303468 2126616166 2024-09-18 2023 2024-08-08 14:25:15Z JUDITH FACTOR 118 TITICUS ROAD NORTH SALEM NY 10560 5163507 0 X WWW.FRIENDSOFKAREN.ORG X 1979 NY PROVIDES 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. 17 17 31 182 0 0 4471360 3707030 0 0 127713 201474 -216964 -175061 4382109 3733443 1577234 1537357 0 0 2208783 2483960 0 0 576265 559093 511800 4345110 4533117 36999 -799674 6250678 5691178 322136 144174 5928542 5547004 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 3453258 1537357 IN 2023 FRIENDS OF KAREN PROVIDED PSYCHOSOCIAL,FINANCIAL AND ADVOCACY SUPPORT FOR 1,257 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 ABOUT 250 CHILDREN IN 2023), ARE PROVIDED AT NO COST TO FAMILIES. ALL SERVICES ARE DELIVERED BY A TEAM OF LICENSED, SKILLED PROFESSIONAL SOCIAL WORKERS, (CONTINUED ON SCHEDULE O)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 2023 FRIENDS OF KAREN FULFILLED THE HOLIDAY WISHES OF 846 CHILDREN, AND DISTRIBUTED BACK-TO-SCHOOL BACKPACKS AND SCHOOL SUPPLIES TO 728 CHILDREN, AS WELL AS BIRTHDAY GIFTS TO 695 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. 3453258 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 77 0 31 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 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 RICHARD SGAGLIO PRESIDENT 2.00 X X 0 0 0 LAURA SALERNO-EVANS VICE PRESIDENT 2.00 X X 0 0 0 PAMELA HERVEY 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 GINA LODOLINI BOARD MEMBER 1.00 X 0 0 0 JONATHAN MALAWER BOARD MEMBER 1.00 X 0 0 0 LOUIS MELTZER BOARD MEMBER (LOA SINCE 10/2023) 1.00 X 0 0 0 MICHAEL NIEVES BOARD MEMBER 1.00 X 0 0 0 MICHAEL ROBERTS BOARD MEMBER (STARTED 2/24) 1.00 X 0 0 0 PAUL SMADBECK BOARD MEMBER 1.00 X 0 0 0 SARA NORRIS BOARD MEMBER 1.00 X 0 0 0 STEVEN CONNOLY BOARD MEMBER 1.00 X 0 0 0 STEVEN SWIRSKY BOARD MEMBER 1.00 X 0 0 0 YEMI OLUWOLE BOARD MEMBER (STARTED 1/24) 1.00 X 0 0 0 JUDITH FACTOR EXECUTIVE DIRECTOR 40.00 X 201600 0 438 THERESA SORRENTINO DIRECTOR , FINANCE & ADM 40.00 X 114174 0 11017 RHONDA RYAN DIRECTOR , FAMILY SUPPORT 40.00 X 125014 0 438 LESLIE BELLISSIMO REGIONAL DIRECTOR , LI, METRO NYC 40.00 X 128738 0 438 569526 0 12331 4 0 1 0 0 1362141 27257 2317632 331961 3707030 127017 127017 1223637 1149180 74457 74457 74457 88354 1362141 280884 -192530 -192530 OTHER INCOME 900099 17469 17469 17469 3733443 0 0 26413 1537357 1537357 331971 222224 49873 59874 1815272 1215949 272058 327265 155681 102342 24949 28390 181036 119011 29012 33013 16916 16916 110994 46143 54369 10482 217599 104359 39998 73242 24900 18329 2376 4195 9116 8318 261 537 925 804 121 45825 32994 5041 7790 52104 41544 4113 6447 OUTREACH AND COMMUNICAT 26898 3069 23829 MISCELLANEOUS 4865 815 2849 1201 DONATED MATERIALS 1658 1658 4533117 3453258 503594 576265 734015 224131 39298 48138 298000 106919 14743 8382 997119 795641 235820 201478 4894125 5091912 34677 10218 6250678 5691178 119547 131240 165153 1870 37436 11064 322136 144174 X 5415721 5159915 512821 387089 5928542 5547004 6250678 5691178 -799674 418136 0 X X 0 1 X 1 0 X 3404717 3672508 4025317 4471360 3707030 19280932 3404717 3672508 4025317 4471360 3707030 19280932 1248505 18032427 126480 69010 120877 120527 127017 563911 -125305 -58237 324195 -216964 -175061 -251372 19593471 0.92030 0.92160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2021 AMOUNT: $ 17,843. 2022 AMOUNT: $ 19,739. 2023 AMOUNT: $ 17,469. NET INCOME OR LOSS FROM FUNDRAISING EVENTS - 2019 AMOUNT: $ -125,305. 2020 AMOUNT: $ -58,237. 2021 AMOUNT: $ 306,352. 2022 AMOUNT: $ -236,703. 2023 AMOUNT: $ -192,530. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18000 18000 18000 18000 18000 18000 18000 18000 18000 18000 1.00000 0 0 1 1 719628 571145 148483 265115 221760 43355 12375 2736 9639 201478 OPEARTING LEASE LIABILITES 11064 11064 X 4136540 418136 1877 420013 3716527 16916 16916 3733443 4518078 1877 1877 4516201 16916 16916 4533117 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. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX ELIMINATION PRIOR TO 2021. NYC GALA 627055 606760 20295 42074 70246 27802 13968 ALWAYS GOLD GALA 326642 282696 43946 22241 31568 5000 14455 1 496798 472685 24113 143 8398 23773 550 20666 1450495 1362141 88354 143 72713 125587 33352 49089 280884 -192530 1 BILLS PAID ON BEHALF OF CRITICALLY ILL CHILDREN 1280 1326253 211104 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 0 0 JUDITH FACTOR EXECUTIVE DIRECTOR 201600 0 0 0 0 0 0 0 438 0 202038 0 0 0 X 176610 RETAIL X 14 54201 MARKET VALUE X 5 465 RETAIL X OTHER 1594 100685 RETAIL 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 2024. 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 XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.