Totals
- Total revenue
- $3,733,443
- Total expenses
- $4,533,117
- Contributions and grants received
- $3,707,030
- Grants paid
- $1,537,357
- Program service revenue
- $0
- Investment income
- $201,474
- Other revenue
- -$175,061
- Total assets, end of year
- $5,691,178
- Total liabilities, end of year
- $144,174
- Net assets or fund balances, end of year
- $5,547,004
- Program services expenses (Part IX)
- $3,453,258
- Management and general expenses
- $503,594
- Fundraising expenses
- $576,265
- Program service expenses (Part III)
- $3,453,258
Program services were 76.2% 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
$1,362,141
-
1e · Government grants (contributions)
$27,257
-
1f · All other contributions, gifts and grants
$2,317,632
-
1g · Noncash contributions included above
$331,961
-
3 · Investment income
total $127,017 · excluded $127,017
-
7a · Gross sales of assets other than inventory
securities $1,223,637
-
7b · Less cost or other basis and sales expenses
securities $1,149,180
-
7c · Gain or loss
securities $74,457
-
7d · Net gain or loss
total $74,457 · excluded $74,457
-
8a · Fundraising events: gross income
$88,354
-
8a · Fundraising events: contributions included on line 1c
$1,362,141
-
8b · Fundraising events: direct expenses
$280,884
-
8c · Net income from fundraising events
total -$192,530 · excluded -$192,530
-
11a · Other revenue: OTHER INCOME
total $17,469 · excluded $17,469
-
11e · Other revenue, total
$17,469
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,537,357 · program services $1,537,357
-
5 · Compensation of officers, directors and key employees
total $331,971 · program services $222,224 · management and general $49,873 · fundraising $59,874
-
7 · Other salaries and wages
total $1,815,272 · program services $1,215,949 · management and general $272,058 · fundraising $327,265
-
9 · Other employee benefits
total $155,681 · program services $102,342 · management and general $24,949 · fundraising $28,390
-
10 · Payroll taxes
total $181,036 · program services $119,011 · management and general $29,012 · fundraising $33,013
-
11f · Fees: investment management
total $16,916 · management and general $16,916
-
11g · Fees: other
total $110,994 · program services $46,143 · management and general $54,369 · fundraising $10,482
-
13 · Office expenses
total $217,599 · program services $104,359 · management and general $39,998 · fundraising $73,242
-
16 · Occupancy
total $24,900 · program services $18,329 · management and general $2,376 · fundraising $4,195
-
17 · Travel
total $9,116 · program services $8,318 · management and general $261 · fundraising $537
-
19 · Conferences, conventions and meetings
total $925 · program services $804 · management and general $121
-
22 · Depreciation, depletion and amortization
total $45,825 · program services $32,994 · management and general $5,041 · fundraising $7,790
-
23 · Insurance
total $52,104 · program services $41,544 · management and general $4,113 · fundraising $6,447
-
24a · Other expenses: OUTREACH AND COMMUNICAT
total $26,898 · program services $3,069 · fundraising $23,829
-
24b · Other expenses: MISCELLANEOUS
total $4,865 · program services $815 · management and general $2,849 · fundraising $1,201
-
24c · Other expenses: DONATED MATERIALS
total $1,658 · management and general $1,658
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $734,015 · end of year $224,131
-
2 · Savings and temporary cash investments
beginning of year $39,298 · end of year $48,138
-
3 · Pledges and grants receivable
beginning of year $298,000 · end of year $106,919
-
9 · Prepaid expenses and deferred charges
beginning of year $14,743 · end of year $8,382
-
10a · Land, buildings and equipment: cost or other basis
$997,119
-
10b · Land, buildings and equipment: accumulated depreciation
$795,641
-
10c · Land, buildings and equipment, net
beginning of year $235,820 · end of year $201,478
-
11 · Investments: publicly traded securities
beginning of year $4,894,125 · end of year $5,091,912
-
15 · Other assets
beginning of year $34,677 · end of year $10,218
-
17 · Accounts payable and accrued expenses
beginning of year $119,547 · end of year $131,240
-
19 · Deferred revenue
beginning of year $165,153 · end of year $1,870
-
25 · Other liabilities
beginning of year $37,436 · end of year $11,064
-
27 · Net assets without donor restrictions
beginning of year $5,415,721 · end of year $5,159,915
-
28 · Net assets with donor restrictions
beginning of year $512,821 · end of year $387,089
Mission and programs · 2023
Mission
PROVIDES EMOTIONAL, FINANCIAL AND ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTIONING, AND ABLE TO COPE.
Activities or mission (Part I)
PROVIDES EMOTIONAL , FINANCIAL AND ADVOCACY SUPPORT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES, IN ORDER TO HELP KEEP THEM STABLE, FUNCTION AND ABLE TO COPE.
-
IN 2023 FRIENDS OF KAREN PROVIDED PSYCHOSOCIAL,FINANCIAL AND ADVOCACY SUPPORT FOR 1,257 CHILDREN WITH CANCER AND OTHER LIFE-THREATENING ILLNESSES,THEIR SIBLINGS, PARENTS AND OTHER FAMILY MEMBERS. CHILDREN AND THEIR FAMILIES WERE REFERRED TO FRIENDS OF KAREN FROM 17 MAJOR HOSPITALS IN NEW YORK, NEW JERSEY AND CONNECTICUT WHERE CHILDREN ARE TREATED IN THE PEDIATRIC ONCOLOGY OR TRANSPLANT UNIT. FRIENDS OF KAREN EMBRACES THE NEEDS OF THE WHOLE FAMILY WHICH IS AFFECTED DEEPLY BY THE CONSEQUENCES OF THE CHILD'S ILLNESS. ITS COMPREHENSIVE SERVICES, INCLUDING SPECIAL ASSISTANCE FOR SIBLINGS (ONE-ON-ONE AND GROUP ZOOM SESSIONS FOR ABOUT 250 CHILDREN IN 2023), ARE PROVIDED AT NO COST TO FAMILIES. ALL SERVICES ARE DELIVERED BY A TEAM OF LICENSED, SKILLED PROFESSIONAL SOCIAL WORKERS, (CONTINUED ON SCHEDULE O)CHILD LIFE SPECIALISTS AND CREATIVE ARTS THERAPISTS. FRIENDS OF KAREN IS A PROGRAM THAT EXEMPLIFIES THE CURRENT STANDARDS OF PSYCHOSOCIAL CARE FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES. IN ADDITION TO COVERING ILLNESS-RELATED AND BASIC LIVING EXPENSES FOR A FAMILY WHEN THERE IS A LOSS OF INCOME AS A RESULT OF THE CHILD'S ILLNESS, FRIENDS OF KAREN'S GIFT PROGRAMS OFFERED BIRTHDAY AND HOLIDAY GIFTS TO ILL CHILDREN AND THEIR SIBLINGS, AS WELL AS SCHOOL SUPPLIES. IN 2023 FRIENDS OF KAREN FULFILLED THE HOLIDAY WISHES OF 846 CHILDREN, AND DISTRIBUTED BACK-TO-SCHOOL BACKPACKS AND SCHOOL SUPPLIES TO 728 CHILDREN, AS WELL AS BIRTHDAY GIFTS TO 695 CHILDREN. THE ORGANIZATION PROVIDED FUNDS FOR THANKSGIVING AND HOLIDAY MEALS, AND SUPERMARKET GIFT CARDS AND EMERGENCY FUNDS FOR FOOD YEAR-ROUND TO THE NEEDIEST FAMILIES. THROUGH A SPECIAL FUND, FRIENDS OF KAREN WAS ALSO ABLE TO PROVIDE GIFT CARDS TO PURCHASE CLOTHING AND SHOES FOR ILL CHILDREN, THEIR SIBLINGS AND SOMETIMES THE PARENTS WHOSE RESOURCES ARE STRETCHED TO THE LIMIT DUE TO LOSS OF JOBS OR EMPLOYMENT INTERRUPTIONS AS A RESULT OF THEIR CHILD'S ILLNESS.
Expenses $3,453,258 · Grants $1,537,357
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard SgaglioRICHARD SGAGLIO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Laura Salerno-EvansLAURA SALERNO-EVANS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Pamela HerveyPAMELA HERVEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Thomas JocelynTHOMAS JOCELYN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Arlene Del MundoARLENE DEL MUNDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Evan SchreiberEVAN SCHREIBER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Francisco BarrenecheaFRANCISCO BARRENECHEA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gina LodoliniGINA LODOLINI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan MalawerJONATHAN MALAWER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Louis MeltzerLOUIS MELTZER
BOARD MEMBER (LOA SINCE 10/2023)
- Total calculated
- $0
- Hours/week
- 1
-
Michael NievesMICHAEL NIEVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael RobertsMICHAEL ROBERTS
BOARD MEMBER (STARTED 2/24)
- Total calculated
- $0
- Hours/week
- 1
-
Paul SmadbeckPAUL SMADBECK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sara NorrisSARA NORRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven ConnolySTEVEN CONNOLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven SwirskySTEVEN SWIRSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Yemi OluwoleYEMI OLUWOLE
BOARD MEMBER (STARTED 1/24)
- Total calculated
- $0
- Hours/week
- 1
-
Judith FactorJUDITH FACTOR
EXECUTIVE DIRECTOR
- Total calculated
- $202,038
- From this org
- $201,600
- From related orgs
- $0
- Other
- $438
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,600
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $438
- Filer's total
- $202,038
-
Theresa SorrentinoTHERESA SORRENTINO
DIRECTOR , FINANCE & ADM
- Total calculated
- $125,191
- From this org
- $114,174
- From related orgs
- $0
- Other
- $11,017
- Hours/week
- 40
-
Rhonda RyanRHONDA RYAN
DIRECTOR , FAMILY SUPPORT
- Total calculated
- $125,452
- From this org
- $125,014
- From related orgs
- $0
- Other
- $438
- Hours/week
- 40
-
Leslie BellissimoLESLIE BELLISSIMO
REGIONAL DIRECTOR , LI, METRO NYC
- Total calculated
- $129,176
- From this org
- $128,738
- From related orgs
- $0
- Other
- $438
- Hours/week
- 40
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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412629349301031
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