The Matthew Gaffney Foundation Inc.

990EZ • Fiscal year 2017 • EIN 55-0842939

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 01, 2018

Organization Profile N/A

2704 Long Ridge RoadStamford, CT 06903

(203) 532-9470

Siviq Scores

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

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

-45%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

$1,600

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

-52%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

2.5%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet

Liabilities / Assets56th percentile

Assets

Down

$24,957

Down $26,774 (-52%) from 2016

Net Assets

Down

$24,957

Down $26,774 (-52%) from 2016

Liabilities

Flat

Flat from 2016

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin9th percentile

Revenue

$59,948

Up $1,488 (+2.5%) from 2016

Expenses

$86,722

Up $10,928 (+14%) from 2016

Net Income

Down

-$26,774

Down $9,440 (-54%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

Highlighted filing

2017

Assets$24,957

Liabilities$0

Net Assets$24,957

Open 2017 Filing

Operations Trend

Revenue Growth52nd percentile

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

Highlighted filing

2017

Revenue$59,948

Expenses$86,722

Net Income-$26,774

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2017 to Dec 31, 2017
Signed: Mar 1, 2018
Return Version: 2017v2.2
Gross Receipts: $59,948

Mission and Program Overview

Mission

To assist under privledged students with college admissions.

Assistance with college admission to under privledged students.

Program Services

Description	Grants	Expenses
TUTORING	$0	$48,660
STUDENT SERVICES	$0	$14,052
STUDENT TRANSPORTATION AND TRAVEL FOR COLLEGE VISITS	$0	$6,752

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
MAGARET G BENEDICT	Executive Director	-	$1,600	-	$1,600
EDWARD MASSEY	Treasurer	-	$0	-	-
CHRIS COLE	Trustee	-	$0	-	-
TERRI FISH	Trustee	-	$0	-	-
BARBARA DUBIEL	Trustee	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: The Matthew Gaffney Foundation
EIN: 55-0842939
Phone: 2035329470
Address: 2704 LONG RIDGE ROAD, STAMFORD, CT 06903

Signing Officer

Name: Margaret Benedict
Title: President
Phone: 2035329470
Signed: 2018-03-01
Discuss with paid preparer: Yes

Preparer

Firm: Berkow Schechter & Company Llp
Address: 350 BEDFORD STREET SUITE 303, STAMFORD, CT 06901
Preparer: Edward J Schechter
Phone: 2033561061

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: tutoring fees. Amount: 48,660. Description: supplies. Amount: 1,375. Description: association dues. Amount: 935. Description: insurance. Amount: 900. Description: student travel. Amount: 6,752. Description: student services. Amount: 14,052. Description: conference expense. Amount: 1,320. Description: event expense. Amount: 4,671. Description: miscellaneous/administrative expense. Amount: 2,065. Description: postage. Amount: 147. Description: bank fees. Amount: 550. Description: legal & professional. Amount: 700. Total to form 990-ez, line 16: 82,127.”

Raw XML Appendix170 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2035329470
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	2704 LONG RIDGE RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	STAMFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	06903
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	51731
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	24957
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	59948
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/EngagedInExcessBenefitTransInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-26774
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	51731
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	24957
IRS990EZ/GrossReceiptsAmt	0	59948
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	51731
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	24957
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	51731
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	24957
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	1925
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	0.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	1600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	MAGARET G BENEDICT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	EDWARD MASSEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	CHRIS COLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	TERRI FISH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	BARBARA DUBIEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	TRUSTEE
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	82127
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	ASSISTANCE WITH COLLEGE ADMISSION TO UNDER PRIVLEDGED STUDENTS.
IRS990EZ/PrintingPublicationsPostageAmt	0	1070
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TUTORING
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	STUDENT TRANSPORTATION AND TRAVEL FOR COLLEGE VISITS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	2	STUDENT SERVICES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	1	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	2	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	48660
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	6752
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	2	14052
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	1600
IRS990EZ/SchoolOperatingInd	0	0
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TaxImposedOnOrganizationMgrAmt	0	0
IRS990EZ/TaxImposedUnderIRC4911Amt	0	0
IRS990EZ/TaxImposedUnderIRC4912Amt	0	0
IRS990EZ/TaxImposedUnderIRC4955Amt	0	0
IRS990EZ/TaxReimbursedByOrganizationAmt	0	0
IRS990EZ/TotalExpensesAmt	0	86722
IRS990EZ/TotalProgramServiceExpensesAmt	0	69464
IRS990EZ/TotalRevenueAmt	0	59948
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	0
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	58350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	58460
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	64265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	25880
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	35700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	242655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	4
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	4
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	4
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	4
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	242655
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	58350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	58460
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	64265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	25880
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	35700
IRS990ScheduleA/Total509Grp/TotalAmt	0	242655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	58350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	58460
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	64265
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	25880
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	35704
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	242659
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: TUTORING FEES. AMOUNT: 48,660. DESCRIPTION: SUPPLIES. AMOUNT: 1,375. DESCRIPTION: ASSOCIATION DUES. AMOUNT: 935. DESCRIPTION: INSURANCE. AMOUNT: 900. DESCRIPTION: STUDENT TRAVEL. AMOUNT: 6,752. DESCRIPTION: STUDENT SERVICES. AMOUNT: 14,052. DESCRIPTION: CONFERENCE EXPENSE. AMOUNT: 1,320. DESCRIPTION: EVENT EXPENSE. AMOUNT: 4,671. DESCRIPTION: MISCELLANEOUS/ADMINISTRATIVE EXPENSE. AMOUNT: 2,065. DESCRIPTION: POSTAGE. AMOUNT: 147. DESCRIPTION: BANK FEES. AMOUNT: 550. DESCRIPTION: LEGAL & PROFESSIONAL. AMOUNT: 700. TOTAL TO FORM 990-EZ, LINE 16: 82,127.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	MARGARET BENEDICT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2035329470
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-03-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	THE MATTHEW GAFFNEY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	MATT
ReturnHeader/Filer/EIN	0	550842939
ReturnHeader/Filer/PhoneNum	0	2035329470
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	2704 LONG RIDGE ROAD
ReturnHeader/Filer/USAddress/CityNm	0	STAMFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CT
ReturnHeader/Filer/USAddress/ZIPCd	0	06903
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	51CC67DD4C867CE6261D2F47913985DE60371714
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	51CC67DD4C867CE6261D2F47913985DE60371714
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	75.99.224.18
ReturnHeader/FilingSecurityInformation/IPDt	0	2018-03-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	ES
ReturnHeader/FilingSecurityInformation/IPTm	0	10:01:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	061211215
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	BERKOW SCHECHTER & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	350 BEDFORD STREET SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	STAMFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	06901
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2033561061
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2018-03-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	EDWARD J SCHECHTER
ReturnHeader/ReturnTs	0	2018-03-08T09:04:10-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-01-01
ReturnHeader/TaxPeriodEndDt	0	2017-12-31
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $24,957
Liabilities: $0
Net assets: $24,957
Revenue: $59,948
Expenses: $86,722
Net income: -$26,774

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.02	$0.00	$0.02	$1.23	$1.31	$0.08
2023Detailed filing. Detailed filing data is available for this year.	$0.10	$0.00	$0.10	$1.39	$1.33	$0.06
2022Detailed filing. Detailed filing data is available for this year.	$0.04	$0.00	$0.04	$1.14	$1.20	$0.07
2021Detailed filing. Detailed filing data is available for this year.	$0.10	$0.00	$0.10	$1.44	$1.63	$0.19
2020Detailed filing. Detailed filing data is available for this year.	$0.29	$0.00	$0.29	$1.21	$1.27	$0.06
2019Detailed filing. Detailed filing data is available for this year.	$0.35		$0.35	$1.47	$1.44	$0.03
2018Detailed filing. Detailed filing data is available for this year.	$0.32	$0.00	$0.32	$1.20	$1.13	$0.07
2017Detailed filing. Detailed filing data is available for this year.	$0.25	$0.00	$0.25	$0.60	$0.87	$0.27
2016Detailed filing. Detailed filing data is available for this year.	$0.52	$0.00	$0.52	$0.58	$0.76	$0.17
2015Detailed filing. Detailed filing data is available for this year.	$0.69	$0.00	$0.69	$0.64	$0.39	$0.26
2014Detailed filing. Detailed filing data is available for this year.	$0.44	$0.00	$0.44	$0.26	$0.42	$0.16
2013Detailed filing. Detailed filing data is available for this year.	$0.59	$0.00	$0.59	$0.36	$0.40	$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.64	$0.00	$0.64	$0.39	$0.31	$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.56	$0.00	$0.56	$0.23	$0.38	$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.71		$0.71	$0.69	$0.26	$0.43