Civic Intelligence

Mikey'S Way Foundation Inc

990 • Fiscal year 2015 • EIN 20-3825973

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 28, 2016

2228 Black Rock Turnpike No 311Fairfield, 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.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

83rd percentile

29%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

94th percentile

$55,620

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

87th percentile

68%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$265,119

Up $107,615 (+68%) from 2014

Net Assets

Up

$265,119

Up $107,615 (+68%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$376,890

Up $65,952 (+21%) from 2014

Expenses

Down

$269,275

Down $38,789 (-13%) from 2014

Net Income

Up

$107,615

Up $104,741 (+3644%) from 2014

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

2015

Assets$265,119
Liabilities$0
Net Assets$265,119

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

2015

Revenue$376,890
Expenses$269,275
Net Income$107,615
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 28, 2016
Return Version
2015v2.1
Gross Receipts
$474,198
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$145,467$225,222▲ $79,755
Cash and Non-Interest-Bearing Accounts$11,237$39,097▲ $27,860
Investments Other Securities$800$800→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$157,504$265,119▲ $107,615
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$157,504$265,119▲ $107,615
Total Net Assets Fund Balance$157,504$265,119▲ $107,615
Total Liabilities and Net Assets / Fund Balance$157,504$265,119▲ $107,615

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
$376,868
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$0
All Other Contributions
$208,852
Change in Net Assets
$107,615

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,390
Revenue Not Reported on Financial Statements
$500
Revenue Not Reported on Form 990
$127,308
Other Revenue Adjustments
$500
Total Revenue per Audited Statements
$503,698
Total Revenue per Form 990
$376,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$110,347
Grants and Similar Amounts Paid$103,040
Other Expenses$55,888
Total Fundraising Expense$35,307
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$103,040--$103,040
Comp Disqual Persons$61,716$4,408$22,042$88,166
Travel$15,665$1,902$2,333$19,900
Other Employee Benefits$10,251$732$3,661$14,644
Payroll Taxes$5,276$377$1,884$7,537
Occupancy-$6,000-$6,000
Other Expenses$4,847$1,064$1,300$5,911
All Other Expenses$519$504$504$1,527
Advertising--$1,340$1,340
Insurance-$1,050-$1,050
Interest-$120-$120
Total Functional Expenses$215,706$18,262$35,307$269,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$385,816
Total Expenses per Form 990$269,275
Expenses per Audited Statements$258,508
Expenses Not Reported on Form 990$127,308
Expenses Not Reported on Financial Statements$10,767
Other Expense Adjustments$10,767
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$97,308
Fundraising Gross Income$97,308
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Drive for Dreams$211,232$78,826$30,219$48,607
Comedy Night$15,792$5,190$2,190$3,000
Total Events$265,324$97,308$97,308$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 NO 311, FAIRFIELD, CT 06825

Signing Officer

Name
Leslie Friedman
Title
President
Phone
2038730671
Signed
2016-09-28
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
2
Volunteers
100

Preparer

Firm
Freed Maxick Cpas Pc
Address
424 MAIN STREET SUITE 800, BUFFALO, NY 14202-3508
Preparer
Thomas Dalton
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 97,308.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash adjusment 500.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted against revenue 97,308.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Accrual to cash adjustment 10,767.

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01884
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0377
IRS990/PayrollTaxesGrp/ProgramServicesAmt05276
IRS990/PayrollTaxesGrp/TotalAmt07537
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LESLIE FRIEDMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0310002
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0112369
IRS990/PYInvestmentIncomeAmt0936
IRS990/PYOtherExpensesAmt096277
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02874
IRS990/PYSalariesCompEmpBnftPaidAmt099418
IRS990/PYTotalExpensesAmt0308064
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0310938
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0107615
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145467
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0225222
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0376868
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0310002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0377557
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt039162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0210221
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01313810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0266
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01402
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0462183
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99890
IRS990ScheduleA/PublicSupportPY170Pct00.99870
IRS990ScheduleA/PublicSupportTotal170Amt01313810
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0376868
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0310002
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0377557
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt039162
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0210221
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01313810
IRS990ScheduleA/TotalSupportAmt01315212
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/DonatedServicesUseFcltsAmt030000
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06811
IRS990ScheduleD/ExpensesNotReportedAmt0127308
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt010767
IRS990ScheduleD/ExpensesSubtotalAmt0258508
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt097308
IRS990ScheduleD/OtherExpensesNotIncludedAmt010767
IRS990ScheduleD/OtherRevenueAmt097308
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0500
IRS990ScheduleD/RevenueNotReportedAmt0127308
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0500
IRS990ScheduleD/RevenueSubtotalAmt0376390
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 97,308.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH ADJUSMENT 500.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES NETTED AGAINST REVENUE 97,308.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4ACCRUAL TO CASH ADJUSTMENT 10,767.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0269275
IRS990ScheduleD/TotalRevenuePerForm990Amt0376890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0503698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0385816
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0168016
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0132406
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt010602
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt025008
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt097308
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01700
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DRIVE FOR DREAMS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0COMEDY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0211232
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015792
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt038300
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0265324
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt078826
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt013292
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt097308
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt011993
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt044402
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030219
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02190
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt046907
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt01500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt01299
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt049706
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HANDHELD ELECTRONICS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0103040
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0HANDHELD ELECTRONICS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0471
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

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