2024-05-14T15:49:58-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 043476160 THE MATCH FOUNDATION INC MATC 6172320300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 NNENNA UDE PRESIDENT AND CEO 6172320300 2024-05-10 1 NNENNA UDE XXX-XX-XXXX 1 JOHN BUCKLEY CPA P00830631 5083669100 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NNENNA UDE 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 2350464 0 X WWW.MATCHEDUCATION.ORG X 1999 MA SEE SCHEDULE O 4 4 3 4 0 0 768138 840710 0 0 1024491 1071641 298670 259513 2091299 2171864 543963 699450 0 0 354299 438454 0 0 144270 968717 877942 1866979 2015846 224320 156018 40980707 41419256 19696565 19278698 21284142 22140558 X THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, A MASSACHUSETTS CHARTER SCHOOL. 1 0 1431987 699450 PROVIDES SUPPORT FOR MATCH CHARTER PUBLIC SCHOOL INCLUDING FACILITIES DEBT SERVICE AND TUTOR HOUSING. 1431987 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X TORY SOUTIERE CHIEF FINANCIAL OFFICER 6179355569 215 FOREST HILLS ST JAMAICA PLAIN MA 02130 X MATTHEW VETTEL CHAIR, TREASURER, DIRECTOR 1.00 X X 0 0 0 ORLANDO WATKINS CLERK AND DIRECTOR 1.00 X X 0 0 0 ROBERT FOGEL DIRECTOR 1.00 X 0 0 0 JOHN CALHOUN DIRECTOR 1.00 X 0 0 0 NNENNA UDE PRESIDENT/CEO 5.00 X 0 0 0 ANNE HEALY CFO (UNTIL 6/2023) 40.00 X 152408 0 40493 GENEVIEVE DUSING DIR. OF DEV. AND COMM. 40.00 X 108678 0 12709 261086 0 53202 2 0 1 0 0 635009 205701 840710 1071641 1071641 154225 178600 -24375 -24375 -24375 AMORTIZATION OF BOND DISCOUNT 900099 281185 281185 MISCELLANEOUS REVENUE 900099 2703 2703 283888 2171864 -24375 0 1355529 696290 696290 3160 3160 288673 154634 134039 128720 126667 2053 21061 14194 6867 15654 15654 38584 38584 10722 10722 12290 12290 11517 11517 17156 17080 76 25580 24398 632 550 585518 585518 79499 79499 3776 3776 MISCELLANEOUS 35364 26652 8649 63 COLABORATION FEES 13464 13464 DUES AND FEES 12298 11676 622 PROGRAM INITIATIVES 8601 8601 7919 7869 50 2015846 1431987 439589 144270 375000 250200 3307387 2266278 105598 118803 149505 22271425 21686288 14802 4086 2155913 1169176 1066236 986737 1836731 13840259 14120628 40980707 41419256 72678 79120 19334550 19000843 203092 86245 198735 19696565 19278698 X 21176514 22030430 107628 110128 21284142 22140558 40980707 41419256 X 156018 700398 X X 0 1 X 1 0 X 800359 937701 903793 768138 840710 4250701 800359 937701 903793 768138 840710 4250701 4250701 1335326 1275014 1696141 1218504 1225866 6750851 281185 281185 295608 288657 283888 1430523 12432075 204102 0.34190 0.38720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 436600 436600 1411235 942489 468746 308078 226687 81391 986737 BOND RECEIVABLE 14120628 14120628 DUE TO THE MATCH CHARTER PUBLIC SCHOOL 198735 198735 X 2350464 178600 178600 2171864 0 2171864 2194446 178600 178600 2015846 0 2015846 PART X, LINE 2: THE MATCH FOUNDATION, INC. ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES OF $178,600 SHOWN NET ON THE STATEMENT OF REVENUE 178,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES OF $178,600 SHOWN NET ON THE STATEMENT OF REVENUE 178,600. 1 MATCH CHARTER PUBLIC SCHOOL 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 043453891 501(C)3 696290 0 TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL 1 FORM 990 SCHEDULE I THE FOUNDATION REVIEWS EXPENDITURES INCURRED UNDER THE GRANT BY THE SCHOOLS. 0 0 0 0 0 0 0 0 0 ANNE HEALY CFO (UNTIL 6/2023) 152408 0 0 0 0 0 0 0 40493 0 192901 0 0 0 A MATCH SCHOOL FOUNDATION ISSUE SERIES 2014A 043431814 2014-08-21 4000000 TO FUND CAPITAL PROJECTS 0 0 0 B MATCH SCHOOL FOUNDATION ISSUE SERIES 2014B 043431814 2014-08-21 18000000 TO FUND CAPITAL PROJECTS 0 0 0 A 2004563 4000000 71851 49923 3878226 2015 0 0 1 1 B 771000 18000000 123611 224655 17651734 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART I: THE MATCH FOUNDATION, INC., FORMED IN MAY 1999, ACTS PRIMARILY TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, A MASSACHUSETTS CHARTER SCHOOL. IN ADDITION TO THIS ROLE AS A FUNDRAISING FOUNDATION TO SUPPLEMENT RESOURCES OF MATCH SCHOOL, THE FOUNDATION'S STATED PURPOSE ALSO INCLUDES, BUT IS NOT LIMITED TO, ENGAGING AND PERFORMING IN THE ACTIVITIES THAT MATCH SCHOOL WOULD OTHERWISE HAVE TO PERFORM; OWNING, LEASING AND MAINTAINING THE SITES AT WHICH MATCH SCHOOL IS LOCATED; AND ENGAGING IN OTHER NONPROFIT PURPOSES AS ARE PERMISSIBLE FOR A CORPORATION ORGANIZED UNDER M.G.L.C. 180 AND EXEMPT FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THROUGH THE END OF FISCAL YEAR 23, THE FOUNDATION ALSO SUPPORTED THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC., A NOT-FOR-PROFIT CORPORATION, WHICH OFFERED A MASTERS IN EFFECTIVE TEACHING DEGREE TO CANDIDATES STUDYING AND TRAINING TO TEACH IN HIGH-POVERTY URBAN SCHOOLS. FORM 990, PART III, LINE 2 AS OF JUNE 30, 2023, THE CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. CEASED OPERATIONS AND THE MATCH FOUNDATION, INC. ASSUMED ALL ASSETS AFTER THE GRADUATE SCHOOL PAID OFF ANY REMAINING LIABILITIES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CFO AND THE PRESIDENT/CEO AND IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS CONFLICTS OF INTEREST THROUGH BOARD MEMBER DISCLOSURE SIGNOFFS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ITS OWN COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF ITS BOARD OF DIRECTORS, THAT ANNUALLY MEETS TO COMPLETE PERFORMANCE EVALUATIONS AND MAKE SALARY DECISIONS FOR THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 INDIVIDUAL REQUESTS ARE ADDRESSED ON A CASE-BY-CASE BASIS. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER FROM CHARLES SPOSATO GRADUATE SCHOOL OF EDUCATION, INC. 700,398. FORM 990, PART XII, LINE 2C THE FOUNDATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VII NNENNA UDE, THE PRESIDENT AND CEO, IS NOT COMPENSATED BY THE ORGANIZATION. UDE IS COMPENSATED BY MATCH CHARTER PUBLIC SCHOOL (THE SCHOOL), WHICH IS UNRELATED TO THE ORGANIZATION, FOR SERVING AS THE EXECUTIVE DIRECTOR. THE SCHOOL HAS A DISTINCT INSTITUTIONAL INTEREST IN HAVING UDE SERVE AS SENIOR MANAGER AND OFFICER OF THE ORGANIZATION, AND REQUIRES UDE TO SERVE AS PRESIDENT AND CEO OF THE ORGANIZATION AS PART OF HER SERVICES TO THE SCHOOL.