Civic Intelligence

Mikey'S Way Foundation Inc

990 • Fiscal year 2014 • EIN 20-3825973

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

2228 Black Rock Turnpike 307Fairfield, CT 06825

(203) 873-0671

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

44th percentile

0.9%

Higher net margin than 44% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$55,620

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

76th percentile

26%

Faster asset growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

24th percentile

-18%

Faster revenue growth than 24% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$157,504

Up $32,874 (+26%) from 2013

Net Assets

Up

$157,504

Up $32,874 (+26%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$310,938

Down $66,766 (-18%) from 2013

Expenses

Down

$308,064

Down $36,655 (-11%) from 2013

Net Income

Down

$2,874

Down $30,111 (-91%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $47,194Liabilities 2011: $250Net Assets 2011: $46,9442011Assets 2012: $91,895Liabilities 2012: $250Net Assets 2012: $91,6452012Assets 2013: $124,630Liabilities 2013: $0Net Assets 2013: $124,6302013Assets 2014: $157,504Liabilities 2014: $0Net Assets 2014: $157,5042014Assets 2015: $265,119Liabilities 2015: $0Net Assets 2015: $265,1192015Assets 2016: $379,314Liabilities 2016: $0Net Assets 2016: $379,3142016Assets 2017: $421,141Liabilities 2017: $0Net Assets 2017: $421,1412017Assets 2018: $412,607Liabilities 2018: $0Net Assets 2018: $412,6072018Assets 2019: $444,301Liabilities 2019: $0Net Assets 2019: $444,3012019Assets 2020: $417,408Liabilities 2020: $0Net Assets 2020: $417,4082020Assets 2021: $372,036Liabilities 2021: $0Net Assets 2021: $372,0362021Assets 2022: $343,754Liabilities 2022: $0Net Assets 2022: $343,7542022

Highlighted filing

2014

Assets$157,504
Liabilities$0
Net Assets$157,504

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $196,1802011Revenue 2012: $39,193Expenses 2012: $36,578Net Income 2012: $2,6152012Revenue 2013: $377,704Expenses 2013: $344,719Net Income 2013: $32,9852013Revenue 2014: $310,938Expenses 2014: $308,064Net Income 2014: $2,8742014Revenue 2015: $376,890Expenses 2015: $269,275Net Income 2015: $107,6152015Revenue 2016: $477,333Expenses 2016: $363,138Net Income 2016: $114,1952016Revenue 2017: $468,465Expenses 2017: $426,638Net Income 2017: $41,8272017Revenue 2018: $447,198Expenses 2018: $455,732Net Income 2018: -$8,5342018Revenue 2019: $498,708Expenses 2019: $467,014Net Income 2019: $31,6942019Revenue 2020: $313,426Expenses 2020: $340,319Net Income 2020: -$26,8932020Revenue 2021: $285,335Expenses 2021: $330,707Net Income 2021: -$45,3722021Revenue 2022: $285,211Expenses 2022: $313,493Net Income 2022: -$28,2822022

Highlighted filing

2014

Revenue$310,938
Expenses$308,064
Net Income$2,874
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$395,066
Mission and Program Overview

Mission

To enrich the lives of children suffering from cancer and other life-threatening illnesses. The foundation strives to create connection and diversion to help children face the emotional and physical hardships of long-term, debilitating treatment.

The purchase of electronics for hospitalized pediatric cancer and chronically ill children and the improvement of hospital entertainment facilities for the hospitals that treat such children nationwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$110,843$145,467▲ $34,624
Cash and Non-Interest-Bearing Accounts$12,755$11,237▼ $1,518
Investments Other Securities$800$800→ $0
Land, Buildings, and Equipment, Net$232$0▼ $232
Accounts Receivable$0$0→ $0
Total Assets$124,630$157,504▲ $32,874
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$124,630$157,504▲ $32,874
Total Net Assets Fund Balance$124,630$157,504▲ $32,874
Total Liabilities and Net Assets / Fund Balance$124,630$157,504▲ $32,874

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$6,811$6,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leslie FriedmanCEOFT$55,620$55,620

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$310,002
Program Service Revenue
$0
Investment Income
$936
Other Revenue
$0
All Other Contributions
$145,368
Change in Net Assets
$2,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$310,938
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$114,628
Total Revenue per Audited Statements
$425,566
Total Revenue per Form 990
$310,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$112,369
Salaries, Compensation, and Employee Benefits$99,418
Other Expenses$96,277
Total Fundraising Expense$34,467
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$112,369--$112,369
Other Salaries and Wages$57,728$4,123$20,617$82,468
Travel$18,607$2,293$3,041$23,941
Advertising$15,000-$460$15,460
Fees for Services Legal-$15,000-$15,000
Occupancy-$10,200-$10,200
Other Employee Benefits$6,078$434$2,171$8,683
Payroll Taxes$5,787$413$2,067$8,267
Other Expenses$3,471$762$3,786$4,233
Fees for Services Accounting-$1,875-$1,875
All Other Expenses$541$525$525$1,591
Insurance-$1,088-$1,088
Depreciation Depletion-$232-$232
Interest-$70-$70
Total Functional Expenses$234,632$38,965$34,467$308,064

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$396,876
Expenses per Audited Statements$308,064
Total Expenses per Form 990$308,064
Expenses Not Reported on Form 990$88,812
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$84,128
Fundraising Gross Income$84,128
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Drive for Dreams$181,285$71,778$21,794$49,984
Birthday Card$16,577---
Total Events$248,762$84,128$84,128$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Brian and peter friedman are the sons of leslie friedman.

Form 990, Part VI, Section B, Line 11

Form 990 is prepared by an independent accounting firm. A draft of the return is sent to the officers for review before it is finalized and filed.

Form 990, Part VI, Section B, Line 12C

The directors discuss any potential conflicts that may arise and avoid all such conflicts.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and bylaws are available to the general public upon request at the organization's business address.

Filing and Contact Details

Filer

Filer Name
MIKEY'S WAY FOUNDATION INC
EIN
20-3825973
Phone
2038730671
Address
2228 BLACK ROCK TURNPIKE 307, FAIRFIELD, CT 06825

Signing Officer

Name
Ryan Kagels
Title
Director
Phone
2038730671
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Friedman
Formed
2005
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
100

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Mary Madonia
Phone
7168472651
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is qualified under provisions of section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against revenue 84,128. Accrual to cash adjustment 500.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against revenue 84,128. Accrual to cash adjustment 4,684.

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IRS990/OtherExpensesGrp/ProgramServicesAmt25738
IRS990/OtherExpensesGrp/ProgramServicesAmt33471
IRS990/OtherExpensesGrp/TotalAmt09000
IRS990/OtherExpensesGrp/TotalAmt16836
IRS990/OtherExpensesGrp/TotalAmt26751
IRS990/OtherExpensesGrp/TotalAmt34233
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020617
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04123
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057728
IRS990/OtherSalariesAndWagesGrp/TotalAmt082468
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02067
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0413
IRS990/PayrollTaxesGrp/ProgramServicesAmt05787
IRS990/PayrollTaxesGrp/TotalAmt08267
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LESLIE FRIEDMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0377557
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0144070
IRS990/PYInvestmentIncomeAmt0147
IRS990/PYOtherExpensesAmt0136880
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt032985
IRS990/PYSalariesCompEmpBnftPaidAmt063769
IRS990/PYTotalExpensesAmt0344719
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0377704
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02874
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0110843
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0145467
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0310002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0377557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt039162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0212484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01149426
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0266
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt078
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01458
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0357319
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99870
IRS990ScheduleA/PublicSupportPY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt01149426
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0310002
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0377557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt039162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210221
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0212484
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01149426
IRS990ScheduleA/TotalSupportAmt01150884
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt030000
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06811
IRS990ScheduleD/ExpensesNotReportedAmt088812
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0308064
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt088812
IRS990ScheduleD/OtherRevenueAmt084628
IRS990ScheduleD/RevenueNotReportedAmt0114628
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0310938
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS QUALIFIED UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES NETTED AGAINST REVENUE 84,128. ACCRUAL TO CASH ADJUSTMENT 500.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES NETTED AGAINST REVENUE 84,128. ACCRUAL TO CASH ADJUSTMENT 4,684.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0308064
IRS990ScheduleD/TotalRevenuePerForm990Amt0310938
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0425566
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0396876
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0164634
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0109507
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt016577
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt038550
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt084128
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DRIVE FOR DREAMS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BIRTHDAY CARD
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0181285
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt016577
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt050900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0248762
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt071778
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt012350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt084128
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt010889
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt032683
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021794
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt047984
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt01461
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt049445
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HANDHELD ELECTRONICS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0112369
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0HANDHELD ELECTRONICS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0568
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0COST
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIAN AND PETER FRIEDMAN ARE THE SONS OF LESLIE FRIEDMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A DRAFT OF THE RETURN IS SENT TO THE OFFICERS FOR REVIEW BEFORE IT IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS DISCUSS ANY POTENTIAL CONFLICTS THAT MAY ARISE AND AVOID ALL SUCH CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND BYLAWS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AT THE ORGANIZATION'S BUSINESS ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C

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