2018-02-13T07:22:01-06:00 2017-09-30 043077056 MOODY FAMIGLIETTI & ANDRONICO LLP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2016-10-01 237209028 KIWANIS FOUNDATION OF NEW ENGLAND INC KIWA 5086260404 PO BOX 2307 WESTFIELD MA 01086 WAYNE SPENCER TREASURER 5086260404 2018-01-17 1 MATTHEW KALIL CPA MBA P01517069 9785575300 64.27.39.203 2018-01-17 15:56:02 ES P EBEF303D1ED8FC8B6A282B22FE70D140D4FB247A EDAF3DB89B7B55558469D10C8533F551A9A60E21 2016 2021-01-29 14:40:06Z WAYNE SPENCER PO BOX 2307 WESTFIELD MA 01086 1544342 0 X KFNE.ORG X 1954 MA TO MAKE DONATIONS TO VARIOUS CHARITABLE, SCIENTIFIC OR EDUCATIONAL ORGANIZATIONS. 23 23 0 200 0 0 86519 82384 0 0 226151 513313 0 0 312670 595697 48171 65594 0 0 0 0 0 0 8024 71437 64720 119608 130314 193062 465383 5140641 5691139 52991 68325 5087650 5622814 TO MAKE DONATIONS TO VARIOUS CHARITABLE, SCIENTIFIC OR EDUCATIONAL ORGANIZATIONS. 0 0 61950 59594 SUPPORT OF THE KIWANIS PEDIATRIC TRAUMA INSTITUTE AT TUFTS MEDICAL CENTER 6000 6000 SPONSORED YOUTH SCHOLARSHIPS - TO PROMOTE INVOLVEMENT IN SCHOOL AND COMMUNITY ACTIVITIES 67950 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MA X THE ORGANIZATION 5086260404 PO BOX 2307 WESTFIELD MA 01086 X JACK BROWN PRESIDENT 25.00 X X 0 0 0 JOHN MAIHOS IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 WAYNE L SPENCER TREASURER 25.00 X X 0 0 0 CHRISTOPHER M HOLDEN VICE PRESIDENT 10.00 X X 0 0 0 GEANA M DELISLE CLERK 25.00 X X 0 0 0 DAVID PETERSON PRESIDENT - ELECT 10.00 X 0 0 0 LARRY WADE DIRECTOR 1.00 X 0 0 0 WANDA J BARIL DIRECTOR 1.00 X 0 0 0 GEORGE R DELISLE DIRECTOR 1.00 X 0 0 0 ALAN R HARTNETT DIRECTOR 1.00 X 0 0 0 PAUL J DONATO DIRECTOR 1.00 X 0 0 0 ROBERT L KINNEY DIRECTOR 1.00 X 0 0 0 DARYL SYLVIA DIRECTOR 1.00 X 0 0 0 GLORIA RICHER DIRECTOR 1.00 X 0 0 0 EDWARD MURPHY DIRECTOR 1.00 X 0 0 0 ADAM WRIGHT DIRECTOR 1.00 X 0 0 0 IRENE KUCINSKI DIRECTOR 1.00 X 0 0 0 AVA ADAMS DIRECTOR 1.00 X 0 0 0 TERRIE COOK DIRECTOR 1.00 X 0 0 0 KEVIN DILLON DIRECTOR 1.00 X 0 0 0 LISA SIMMONS DIRECTOR 1.00 X 0 0 0 LYNN FARRELL DIRECTOR 1.00 X 0 0 0 WILLIAM JENKINS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 82384 82384 115947 115947 1346011 948645 397366 397366 397366 595697 0 0 513313 59594 59594 6000 6000 5500 5500 46607 46607 938 267 671 148 148 446 446 FUNDRAISING EXPENSES 8024 8024 OTHER PROGRAM EXPENSES 2089 2089 DUES AND SUBSCRIPTIONS 968 968 130314 67950 54340 8024 37791 55146 4925 4925 3651 3651 0 0 5044934 5562743 52991 68325 5140641 5691139 52991 68325 52991 68325 X 85669 145187 1029450 1505096 3972531 3972531 5087650 5622814 5140641 5691139 465383 69781 0 X X 1 X 0 1 0 X 79350 96144 80509 86519 82384 424906 79350 96144 80509 86519 82384 424906 424906 172239 331396 392182 226151 513313 1635281 2060187 0.20620 0.24600 X THE FOUNDATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC. DURING THE YEAR, THE FOUNDATION EXPERIENCED HIGHER THAN USUAL INVESTMENT GAINS BASED UPON MARKET CONDITIONS, THUS DROPPING THE PUBLIC SUPPORT PERCENTAGE FOR THE YEAR. ADDITIONALLY, KIWANIS INTERNATIONAL WAS RUNNING A SIGNIFICANT FUNDRAISING CAMPAIGN OVER THE PAST SEVERAL YEARS THAT HAVE CAUSED THE FOUNDATION'S CONTRIBUTION LEVELS TO DECLINE. THAT CAMPAIGN HAS ENDED AND THE FOUNDATION EXPECTS CONTRIBUTION LEVELS TO INCREASE AS A RESULT. THE FOUNDATION ALSO IS LOOKING TO EXPAND ITS SOLICITATIONS PROGRAM TO INCREASE ITS DONATIONS FROM THE GENERAL PUBLIC TO ACHIEVE PUBLIC SUPPORT OF GREATER THAN 33%. ADDITIONALLY, THE FOUNDATION HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTERESTS OF THE PUBLIC, AND THE FOUNDATION GENERALLY PROVIDES SERVICES AND GRANTS THAT DIRECTLY BENEFIT THE GENERAL PUBLIC ON A CONTINUING BASIS. 0 1 X 5044934 37086 540317 59594 5562743 4610604 -4117 485618 47171 5044934 4535131 138277 64196 127000 4610604 4105022 44518 430741 45150 4535131 4089517 -282769 298274 4105022 0.71000 0.29000 0 0 3651 3651 0 0 X PART IV, LINE 2B: THE FOUNDATION HOLDS FUNDS ON BEHALF OF SEVERAL LOCAL KIWANIS CLUBS PART V, LINE 4: THE FOUNDATION HAS VARIOUS PURPOSE RESTRICTED ENDOWMENT FUNDS, MOST NOTABLY TO SUPPORT PEDIATRIC TRAUMA CENTERS AND SIMILAR CAUSES IN THE NEW ENGLAND REGION. PART X, LINE 2: THE FOUNDATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE FOUNDATION'S EXEMPT FUNCTION. THE FOUNDATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE FOUNDATION'S EXEMPT FUNCTION. AS OF SEPTEMBER 30, 2017, MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE FOUNDATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. 0 TUFTS MEDICAL CENTER - KIWANIS PEDIATRIC TRAUMA CENTER 755 WASHINGTON STREET BOSTON MA 02111 270440772 501(C)3 59594 GENERAL SUPPORT FOR THE TUFTS MEDICAL CENTER - KIWANIS PEDIATRIC TRAUMA CENTER 1 1 SPONSORED YOUTH SCHOLARSHIPS - TO PROMOTE INVOLVEMENT IN SCHOOL AND COMMUNITY ACTIVITIES 6 6000 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE TREASURER OF THE BOARD AND THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT HAVE ANY PAID OFFICERS OR KEY EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.