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Nonprofiteer
← ISLANDERS CHILDRENS FOUNDATION

Form 990 for tax year 2024

Filed by ISLANDERS CHILDRENS FOUNDATION.

Totals

Total revenue
$1,436,296
Total expenses
$1,188,135
Contributions and grants received
$861,857
Grants paid
$897,431
Program service revenue
$0
Investment income
$47,531
Other revenue
$526,908
Total assets, end of year
$2,358,635
Total liabilities, end of year
$277,271
Net assets or fund balances, end of year
$2,081,364
Program services expenses (Part IX)
$1,125,009
Management and general expenses
$7,592
Fundraising expenses
$55,534
Program service expenses (Part III)
$1,125,009

Program services were 94.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $777,728

  • 1f · All other contributions, gifts and grants

    $84,129

  • 3 · Investment income

    total $47,531 · excluded $47,531

  • 8a · Fundraising events: gross income

    $285,993

  • 8a · Fundraising events: contributions included on line 1c

    $777,728

  • 8b · Fundraising events: direct expenses

    $467,063

  • 8c · Net income from fundraising events

    total -$181,070 · excluded -$181,070

  • 9a · Gaming: gross income

    $1,149,435

  • 9b · Gaming: direct expenses

    $441,457

  • 9c · Net income from gaming

    total $707,978 · excluded $707,978

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $897,431 · program services $897,431

  • 11g · Fees: other

    total $7,592 · management and general $7,592

  • 12 · Advertising and promotion

    total $17,730 · fundraising $17,730

  • 13 · Office expenses

    total $11,201 · program services $11,201

  • 14 · Information technology

    total $2,924 · program services $2,924

  • 23 · Insurance

    total $37,804 · fundraising $37,804

  • 24a · Other expenses: APPAREL & MERCHANDISE

    total $62,292 · program services $62,292

  • 24b · Other expenses: EVENT PRODUCTION

    total $53,666 · program services $53,666

  • 24c · Other expenses: GAME TICKETS

    total $48,839 · program services $48,839

  • 24d · Other expenses: CREDIT CARD / BANK FEES

    total $45,961 · program services $45,961

  • 24e · All other expenses

    total $2,695 · program services $2,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,727,913 · end of year $106,931

  • 2 · Savings and temporary cash investments

    end of year $1,847,531

  • 3 · Pledges and grants receivable

    beginning of year $226,117 · end of year $370,323

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,487 · end of year $33,850

  • 15 · Other assets

    beginning of year $20,981 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,308 · end of year $233,869

  • 19 · Deferred revenue

    beginning of year $20,987 · end of year $15,407

  • 25 · Other liabilities

    beginning of year $0 · end of year $27,995

  • 27 · Net assets without donor restrictions

    beginning of year $1,833,203 · end of year $2,081,364

Mission and programs · 2024

Mission

THE ISLANDERS' CHILDREN'S FOUNDATION IS DEDICATED TO SERVING LOCAL COMMUNITIES NOW AND IN THE FUTURE. THE FOUNDATION IS COMMITTED TO SUPPORTING, EDUCATING AND DEVELOPING AREA YOUTH WHILE INVESTING IN METRO NEW YORK'S FAMILIES AND COMMUNITY WELLBEING. THE ICF FOCUSES ON SUPPORTING NONPROFIT ORGANIZATIONS THAT SHARE ITS COMMON MISSION AND DEVELOPING PROGRAMS THAT WILL CREATE A LASTING LEGACY FOR YEARS TO COME.

  • EDUCATION, HEALTH, WELLNESS VIA HOCKEY WITH A HEART PROGRAM: THE ISLANDERS HOCKEY WITH A HEART PROGRAM EXEMPLIFIES THE POWERFUL COLLABORATION BETWEEN THE ISLANDERS CHILDREN'S FOUNDATION AND LOCAL NON PROFITS, MARKING ONE OF THE FOUNDATION'S LARGEST SERVICE ACCOMPLISHMENTS. THIS INITIATIVE BRINGS TOGETHER VARIOUS COMMUNITY PARTNERS TO SUPPORT YOUTH AND FAMILIES IN THE COMMUNITY, FOCUSING ON CRITICAL AREAS SUCH AS EDUCATION, HEALTH AND WELLNESS. THROUGH SMALL GRANTS, RESOURCES AND DIRECT ENGAGEMENT, THE PROGRAM FOSTERS POSITIVE IMPACT ON LOCAL COMMUNITIES. THE HOCKEY WITH A HEART PROGRAM STRENGTHENS CONNECTIONS AND CREATES LASTING-CHANGE, DEMONSTRATING THE FOUNDATION'S COMMITMENT TO SERVICE AND COMMUNITY DEVELOPMENT AND SUPPORT.

    Expenses $897,431 · Grants $897,431

  • GROW THE GAME/HOCKEY YOUTH INVESTMENT: ONE OF THE FOUNDATION'S LARGEST ACCOMPLISHMENTS IS ITS COMMITMENT TO GROWING THE GAME OF HOCKEY THROUGH TARGETED INVESTMENTS IN YOUTH PROGRAMS. BY ENHANCING LOCAL COMMUNITY INFRASTRUCTURE, THE FOUNDATION HAS HELPED BUILD RINKS, IMPROVE FACILITIES, AND PROVIDE RESOURCES THAT MAKE THE SPORT MORE ACCESSIBLE. ADDITIONALLY, INITIATIVES SUPPORTING UNDERREPRESENTED GROUPS HAVE BEEN IMPLEMENTED TO ENSURE THAT ALL YOUTH, REGARDLESS OF BACKGROUND, HAVE THE OPPORTUNITY TO PARTICIPATE IN HOCKEY. THESE EFFORTS NOT ONLY PROMOTE INCLUSIVITY BUT ALSO FOSTER A LOVE FOR THE GAME, ENSURING ITS FUTURE GROWTH AND SUSTAINABILITY. THE ISLANDERS CHILDREN'S FOUNDATION IS DEDICATED TO ENHANCING COMMUNITY SUPPORT THROUGH A RANGE OF IMPACTFUL INITIATIVES. THE FOUNDATION ACTIVELY ASSISTS YOUTH IN LOCAL HOSPITALS BY PROVIDING THOUGHTFUL GIFTS THAT BRIGHTEN THEIR SPIRITS DURING CHALLENGING TIMES. TO PREPARE STUDENTS FOR SUCCESS, IT ORGANIZES A BACKPACK DISTRIBUTION EVENT, ENSURING THEY HAVE THE NECESSARY SUPPLIES FOR THE UPCOMING SCHOOL YEAR. DURING THE HOLIDAY SEASON, THE FOUNDATION HELPS FAMILIES IN NEED BY PROVIDING NUTRITIOUS MEALS, FOSTERING A SENSE OF COMMUNITY AND CARE. ADDITIONALLY, IT ENGAGES AND SUPPORTS FIRST RESPONDERS AND MILITARY MEMBERS, ALONG WITH THEIR FAMILIES, RECOGNIZING THEIR VITAL CONTRIBUTIONS AND ENSURING THEY FEEL VALUED AND CONNECTED. THROUGH THESE EFFORTS, THE FOUNDATION EXEMPLIFIES ITS COMMITMENT TO MAKING A MEANINGFUL DIFFERENCE IN THE LIVES OF THOSE IT SERVES.

    Expenses $227,578

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Ledecky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Lamoriello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Levy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathy McNamara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arthur J McCarthy

    ALTERNATE GOVERNOR

    Total calculated
    $0
    Hours/week
    1

  • Zach Klein

    GENERAL COUNSEL

    Total calculated
    $600,370
    From this org
    $0
    From related orgs
    $600,370
    Other
    $0
    Hours/week
    1.85 + 38.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $600,370 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $600,370 related

  • Ann Rina

    EXECUTIVE DIRECTOR

    Total calculated
    $167,931
    From this org
    $0
    From related orgs
    $167,931
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,931 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $167,931 related

  • Nick Pizzutello

    EVP

    Total calculated
    $0
    Hours/week
    1

  • Frank Romano

    ASSISTANT TREASURER

    Total calculated
    $304,367
    From this org
    $0
    From related orgs
    $304,367
    Other
    $0
    Hours/week
    1.85 + 38.15 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,367 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $304,367 related

  • Chris Vardaro

    DIRECTOR OF FINANCE

    Total calculated
    $148,863
    From this org
    $0
    From related orgs
    $148,863
    Other
    $0
    Hours/week
    3.85 + 36.15 related

  • Connor Pasetti

    ACCOUNTING MANAGER

    Total calculated
    $107,485
    From this org
    $0
    From related orgs
    $107,485
    Other
    $0
    Hours/week
    3.7 + 36.3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NEW YORK ISLANDERS

    SPORTS TEAM · NY

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503109349300815

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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