2025-07-15T09:00:21-04:00 2024-08-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-09-01 133979726 GARDEN OF DREAMS FOUNDATION % ALEX SHVARTSMAN GARD 2124654170 2 PENN PLAZA Suite FL 29 NEW YORK NY 101210091 BARRY WATKINS CHAIRMAN 2124653914 2025-07-14 true true Paul Hammerschmidt P01384178 2128858000 2023 2025-03-06 01:10:19Z BARRY WATKINS 2 PENN PLAZA 29TH FLOOR NEW YORK NY 101210091 10402343 false X WWW.GARDENOFDREAMSFOUNDATION.ORG X 1997 NY The Garden of Dreams Foundation helps young people facing illness, financial challenges, or the death of a family member in uniform experience (continued on schedule o) 23 23 0 35 0 0 5744883 10185623 0 0 226243 187382 0 0 5971126 10373005 4913619 6883486 0 0 0 0 0 0 310411 1383190 1681812 6296809 8565298 -325683 1807707 4016825 6302573 529921 1007962 3486904 5294611 X Our mission is supported by three core pillars: (1) Community Projects - We provide direct financial support for improvements to community facilities, as well as for community-based sports, entertainment and media projects, that enhance the environment of young people where they live and grow. (2) Educations - We provide scholarships for college and trade schools as well as mentorship and career exposure programs that open the doors to opportunities and impact our young people's futures. (3) Inspiration & Joy - We provide unforgettable experiences that inspire young people in our communities, and foster healing and joy. false false 5411927 4183834 0 EVENTS AT MADISON SQUARE GARDEN, RADIO CITY MUSIC HALL, TEAMS' TRAINING CENTER AND OTHER VENUES: THE FOUNDATION PROVIDES ACCESS TO EVENTS SUCH AS CONCERTS, SPORTING EVENTS AND A TALENT SHOW, AS WELL AS PROGRAMMING SUCH AS MENTORING & EDUCATIONAL OPPORTUNITIES AT VARIOUS VENUES, INCLUDING MSG, RADIO CITY MUSIC HALL, MSG TRAINING CENTER & OTHER VENUES. THE FOUNDATION ALSO SUPPORTS THE CHILDREN OF ITS PARTNER ORGANIZATIONS THROUGH VARIOUS DIRECT DONATIONS THROUGHOUT THE YEAR, SUCH AS AN ADOPT-A-FAMILY DRIVE DURING THE HOLIDAY SEASON IN WHICH MSG EMPLOYEES CAN PURCHASE NECESSARY FOOD, CLOTHING & OTHER ITEMS FOR SPECIFIC FAMILIES. 2365733 2365733 0 THE GARDEN OF DREAMS GIVING PROGRAM: THE PROGRAM HELPS ITS PARTNER ORGANIZATIONS MEET THE CRITICAL NEEDS OF THE CHILDREN THEY SERVE, INCLUDING THROUGH DIRECT SUPPORT OF COLLEGE SCHOLARSHIPS AND CAPITAL IMPROVEMENT PROJECTS WITHIN THE COMMUNITY. EXAMPLES OF THESE GRANTS ARE REFURBISHMENTS OF GYMNASIUMS, DANCE STUDIOS, RECORDING STUDIOS AND CHILDREN'S HOSPITAL WINGS. 333919 333919 0 COMMUNITY BASED ORGANIZATIONS SUPPORT: IN RESPONSE TO THE PANDEMIC AND THROUGH ITS COMMUNITY ORGANIZATIONS THE FOUNDATION PROVIDED ASSISTANCE TO FAMILIES SUFFERING FROM FOOD SCARCITY THROUGH THE PROVISION OF MEALS AND OTHER SUPPLIES. 46524 0 0 8158103 true true false false false false false false false false true true false false true true true false false false false false false false true false false true true false false false false false false false false false true false false false false false false false false true 0 0 0 false false false false false true true false false false false false false X 23 23 true false false false true true true true false false false true true true true false false false false false CA CT IL NJ NY X X ALEX SHVARTSMAN 2124654170 2 PENN PLAZA 29TH FLOOR NEW YORK NY 10121 X BARRY WATKINS CHAIRMAN 1.0 0.0 X X 0 0 0 JOEL FISHER CO-VICE CHAIRPERSON 0.75 0.0 X X 0 0 0 GARY FUHRMAN CO-VICE CHAIRPERSON 0.2 0.0 X X 0 0 0 DAVID VINIAR CO-VICE CHAIRPERSON 0.2 0.0 X X 0 0 0 RICH CONSTABLE CO-VICE CHAIRPERSON 1.0 0.0 X X 0 0 0 VICTORIA MINK TREASURER 0.5 0.0 X X 0 0 0 RICH CLAFFEY DIRECTOR (thru 3/2024) 0.2 0.0 X 0 0 0 MARY PAT CLARKE DIRECTOR 1.0 0.0 X 0 0 0 CRISTINA DOLAN DIRECTOR (AS OF 11/2023) 0.2 0.0 X 0 0 0 SUJIN DOLAN DIRECTOR (AS OF 11/2023) 0.2 0.0 X 0 0 0 WHOOPI GOLDBERG DIRECTOR 0.2 0.0 X 0 0 0 NEIL GOLDMACHER DIRECTOR 0.2 0.0 X 0 0 0 ADAM GRAVES DIRECTOR 0.2 0.0 X 0 0 0 ANDREA GREENBERG DIRECTOR 0.2 0.0 X 0 0 0 DAVID HOPKINSON DIRECTOR (THRU 4/2024) 0.2 0.0 X 0 0 0 JACK IRULSHAMI Director (thru 4/2024) 0.2 0.0 X 0 0 0 SANDY KAPELL Director (thru 11/2023) 0.2 0.0 X 0 0 0 BRAD KARP DIRECTOR 0.2 0.0 X 0 0 0 ERIC LANE Director (thru 4/2024) 0.2 0.0 X 0 0 0 JAMAAL LESANE DIRECTOR 0.2 0.0 X 0 0 0 TARA LIPTON DIRECTOR 0.2 0.0 X 0 0 0 HOWARD LORBER Director (thru 4/2024) 0.2 0.0 X 0 0 0 JILL MARTIN DIRECTOR 0.2 0.0 X 0 0 0 RANDY MASTRO DIRECTOR 0.2 0.0 X 0 0 0 DARRYL MCDANIELS DIRECTOR 0.5 0.0 X 0 0 0 MATTHEW MODINE DIRECTOR 0.2 0.0 X 0 0 0 DREW NIEPORENT DIRECTOR 0.2 0.0 X 0 0 0 JOHN STARKS DIRECTOR 0.2 0.0 X 0 0 0 JUSTIN TUCK DIRECTOR 0.2 0.0 X 0 0 0 DEBRA SHUWAGER SECRETARY 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 598402 9587221 4542038 10185623 0 187382 0 187382 0 0 0 0 0 0 29338 598402 29338 0 0 0 0 0 0 0 10373005 0 187382 6152348 6152348 731138 731138 0 0 0 0 0 0 0 0 0 19763 19763 31129 31129 0 0 0 0 3251 3251 80638 46524 200 33914 0 0 0 0 0 19689 19689 0 0 0 12393 12393 DIRECT PROGRAM SERVICES 1224842 1224842 MISCELLANEOUS 290107 13610 276497 8565298 8158103 96784 310411 0 0 820889 1292683 5112 1468648 0 0 0 0 0 0 0 0 0 0 123634 309729 137600 137600 0 0 3060897 3225220 0 0 0 0 6293 6293 4016825 6302573 521688 999729 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8233 8233 529921 1007962 X 3486904 5294611 0 0 3486904 5294611 4016825 6302573 1807707 X false true X true false X 4517376 1254776 4690482 5744883 10185623 26393140 0 0 4517376 1254776 4690482 5744883 10185623 26393140 5223500 21169640 21218 5915 6719 226243 187382 447477 354828 968 0 0 0 355796 0 27196413 0.77840 0.65794 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137600 137600 0 0 MONEY MARKET FUNDS 3225220 F 3225220 0 SPORTS CORP. 8233 8233 X 11801370 1428365 1428365 10373005 10373005 9993663 1428365 1428365 8565298 8565298 PART X, LINE 2: GARDEN OF DREAMS FOUNDATION was incorporated in the state of New York and is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) and, therefore, has made no provision for income taxes in the accompanying financial statements. The Foundation has been determined by the Internal Revenue Service (IRS) not to be a "private foundation" within the meaning of Section 509(a) of the IRC. There was no unrelated business income for the year ended August 31, 2024. spring telethon 211100 204418 6682 6682 fall telethon 108000 104617 3383 3383 3 308640 289367 19273 19273 627740 598402 29338 29338 29338 2 PENN PLAZA 8TH FLOOR NEW YORK NY 101210091 true Ronald McDonald House of NY 405 East 73rd Street NEW YORK NY 10021 132933654 501(C)(3) 530000 TO FULFILL GDF'S Make-a-Wish NJ 1384 Perrineville Road Monroe NJ 08831 222488495 501(C)(3) 245962 TO FULFILL GDF'S Covenant House 550 10th Avenue NEW YORK NY 10018 132725416 501(C)(3) 134100 TO FULFILL GDF'S Make-a-Wish CT 56 Commerce Drive Trumbull CT 06611 222710919 501(C)(3) 100000 TO FULFILL GDF'S 4 0 SCHOLARSHIPS 20 731138 PART I, LINE 2: THE GARDEN OF DREAMS PARTNERS ARE ALL ORGANIZATIONS THAT FIT WITHIN THE MISSION OF THE FOUNDATION TO "MAKE DREAMS COME TRUE FOR KIDS FACING OBSTACLES." THE ORGANIZATIONS ARE RESEARCHED AND THEN APPROVED BY THE GARDEN OF DREAMS BOARD OF DIRECTORS. X DONATED SUITES 365 4160000 SEE PART II X DONATED TICKETS 603 217125 SEE PART II X FOOD/CATERING 13 91413 SEE PART II X toys and gifts 1915 73500 CATALOG PRICE 0 false true false PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, COLUMN (D): VALUE BASED ON PREVAILING MARKET PRICE. FORM 990, PART I, LINE 1 CONTINUATION: lasting joy and build successful futures. In partnership with MSG Entertainment, MSG Sports and Sphere Entertainment, we provide access to world-class events and spaces, scholarships, mentorship and other inspiring educational opportunities. FORM 990, PART III, LINE 4D: OTHER PROGRAM SERVICES - INCLUDES DONATIONS OF GOODIE BAGS, TEAM MERCHANDISE & OTHER GIFTS COMMEMORATING SPECIAL EXPERIENCES FOR CHILDREN AND FAMILIES PARTICIPATING IN THE FOUNDATION'S PROGRAMS, AND SHIPPING OF ITEMS TO RECIPIENT ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 2: MSG ENTERTAINMENT GROUP, LLC, A WHOLLY-OWNED SUBSIDIARY OF MADISON SQUARE GARDEN ENTERTAINMENT CORP., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION. THE FOLLOWING DIRECTORS/OFFICERS WERE EMPLOYEES OR INDEPENDENT CONTRACTORS OF MSG DURING THE 2023 TAX YEAR: JOEL FISHER, SANDY KAPELL, AND BARRY WATKINS. FORM 990, PART VI, SECTION A, LINE 6: MSG ENTERTAINMENT GROUP, LLC, A WHOLLY-OWNED SUBSIDIARY OF MADISON SQUARE GARDEN ENTERTAINMENT CORP., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A: MSG ENTERTAINMENT GROUP, LLC, A WHOLLY-OWNED SUBSIDIARY OF MADISON SQUARE GARDEN ENTERTAINMENT CORP., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION AND IS ENTITLED TO NOMINATE DIRECTORS TO FILL VACANCIES ON THE BOARD AS THEY MAY OCCUR FROM TIME TO TIME; AND TO REMOVE DIRECTORS WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B: A WHOLLY-OWNED SUBSIDIARY OF Madison Square Garden Entertainment Corp., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION AND IS ENTITLED TO DECIDE MATTERS REGARDING THE FOLLOWING: (1) THE ADOPTION, AMENDMENT OR REPEAL OF A BYLAW; (2) ANY AMENDMENT, MODIFICATION OR REPEAL OF THE CERTIFICATE OF INCORPORATION; (3) ANY POWERS GRANTED TO IT BY THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 8B: THE EXECUTIVE COMMITTEE DID NOT MAINTAIN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT WITH INPUT FROM THE LEGAL AND PROGRAMS SUPPORT STAFF. AFTERWARDS, A COPY OF THE DRAFT FORM 990 IS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: EACH YEAR THE FOUNDATION DISTRIBUTES ITS CONFLICT OF INTEREST POLICY TO EACH DIRECTOR AND MEMBER OF THE MSG LEGAL DEPARTMENT AND EXPLAINS THE POLICY TO THE BOARD OF DIRECTORS. THE FOUNDATION ALSO ASKS DIRECTORS TO FILL OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH ENABLES THE FOUNDATION TO MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAKES ITS ANNUAL AUDITED FINANCIAL STATEMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY AVAILABLE ON ITS WEBSITE AND UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.