2024-07-10T12:44:21-05:00 2023-08-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2022-09-01 133979726 GARDEN OF DREAMS FOUNDATION % EKTA PATEL GARD 2124654170 2 PENN PLAZA Suite 29TH FL NEW YORK NY 101210091 BARRY WATKINS CHAIRMAN 2124653914 2024-07-10 true BARRY WATKINS 999009999 Paul Hammerschmidt P01384178 2128858000 3 2022 2023-04-26 12:10:37Z X BARRY WATKINS 2 PENN PLAZA 29TH FLOOR NEW YORK NY 101210091 5987487 false X WWW.GARDENOFDREAMSFOUNDATION.ORG X 1997 NY The Garden of Dreams Foundation helps young people facing illness, financial challenges, or the death of a family member in uniform experience (continued on schedule o) 28 28 0 35 0 0 4690482 5744883 0 0 6719 226243 0 0 4697201 5971126 3347263 4913619 0 0 0 0 0 0 174814 717940 1383190 4065203 6296809 631998 -325683 4078760 4016825 266173 529921 3812587 3486904 X Our mission is supported by three core pillars: (1) Community Projects - We provide direct financial support for improvements to community facilities, as well as for community-based sports, entertainment and media projects, that enhance the environment of young people where they live and grow. (2) Educations - We provide scholarships for college and trade schools as well as mentorship and career exposure programs that open the doors to opportunities and impact our young people's futures. (3) Inspiration & Joy - We provide unforgettable experiences that inspire young people in our communities, and foster healing and joy. false false 3887287 2932982 0 EVENTS AT MADISON SQUARE GARDEN, RADIO CITY MUSIC HALL, TEAMS' TRAINING CENTER AND OTHER VENUES: THE FOUNDATION PROVIDES ACCESS TO EVENTS SUCH AS CONCERTS, SPORTING EVENTS AND A TALENT SHOW, AS WELL AS PROGRAMMING SUCH AS MENTORING & EDUCATIONAL OPPORTUNITIES AT VARIOUS VENUES, INCLUDING MSG, RADIO CITY MUSIC HALL, MSG TRAINING CENTER & OTHER VENUES. THE FOUNDATION ALSO SUPPORTS THE CHILDREN OF ITS PARTNER ORGANIZATIONS THROUGH VARIOUS DIRECT DONATIONS THROUGHOUT THE YEAR, SUCH AS AN ADOPT-A-FAMILY DRIVE DURING THE HOLIDAY SEASON IN WHICH MSG EMPLOYEES CAN PURCHASE NECESSARY FOOD, CLOTHING & OTHER ITEMS FOR SPECIFIC FAMILIES. 1685386 1685386 0 THE GARDEN OF DREAMS GIVING PROGRAM: THE PROGRAM HELPS ITS PARTNER ORGANIZATIONS MEET THE CRITICAL NEEDS OF THE CHILDREN THEY SERVE, INCLUDING THROUGH DIRECT SUPPORT OF COLLEGE SCHOLARSHIPS AND CAPITAL IMPROVEMENT PROJECTS WITHIN THE COMMUNITY. EXAMPLES OF THESE GRANTS ARE REFURBISHMENTS OF GYMNASIUMS, DANCE STUDIOS, RECORDING STUDIOS AND CHILDREN'S HOSPITAL WINGS. 295251 295251 0 COMMUNITY BASED ORGANIZATIONS SUPPORT: IN RESPONSE TO THE PANDEMIC AND THROUGH ITS COMMUNITY ORGANIZATIONS THE FOUNDATION PROVIDED ASSISTANCE TO FAMILIES SUFFERING FROM FOOD SCARCITY THROUGH THE PROVISION OF MEALS AND OTHER SUPPLIES. 45935 0 0 5913859 true true false false false false false false false false true true false false true true true false false false false false false false true false false true false false false false false false false false false false true false false false false false false false false true 1 0 true 0 false false false false false true true false false false false false false X 28 28 true false false false true true true true false false false true true true true false false false false false CA CT IL NJ NY X X EKTA PATEL 2124654170 2 PENN PLAZA 29TH FLOOR NEW YORK NY 10121 X BARRY WATKINS CHAIRMAN 1.0 0.0 X X 0 0 0 JOEL FISHER CO-VICE CHAIRPERSON 0.75 0.0 X X 0 0 0 GARY FUHRMAN CO-VICE CHAIRPERSON 0.2 0.0 X X 0 0 0 DAVID VINIAR CO-VICE CHAIRPERSON 0.2 0.0 X X 0 0 0 VICTORIA MINK TREASURER 0.5 0.0 X X 0 0 0 LAWRENCE BURIAN DIRECTOR 0.5 0.0 X 0 0 0 RICH CLAFFEY DIRECTOR 0.2 0.0 X 0 0 0 MARY PAT CLARKE DIRECTOR 1.0 0.0 X 0 0 0 RICH CONSTABLE DIRECTOR 1.0 0.0 X 0 0 0 WHOOPI GOLDBERG DIRECTOR 0.2 0.0 X 0 0 0 NEIL GOLDMACHER DIRECTOR 0.2 0.0 X 0 0 0 ADAM GRAVES DIRECTOR 0.2 0.0 X 0 0 0 ANDREA GREENBERG DIRECTOR 0.2 0.0 X 0 0 0 DAVID HOPKINSON DIRECTOR 0.2 0.0 X 0 0 0 JACK IRULSHAMI DIRECTOR 0.2 0.0 X 0 0 0 SANDY KAPELL DIRECTOR 1.0 0.0 X 0 0 0 BRAD KARP DIRECTOR 0.2 0.0 X 0 0 0 ERIC LANE DIRECTOR 0.2 0.0 X 0 0 0 JAMAL LESANE DIRECTOR 0.2 0.0 X 0 0 0 HOWARD LORBER DIRECTOR 0.2 0.0 X 0 0 0 ANDY LUSTGARTEN DIRECTOR 0.2 0.0 X 0 0 0 JILL MARTIN DIRECTOR 0.2 0.0 X 0 0 0 RANDY MASTRO DIRECTOR 0.2 0.0 X 0 0 0 DARRYL MCDANIELS DIRECTOR 0.5 0.0 X 0 0 0 MATTHEW MODINE DIRECTOR 0.2 0.0 X 0 0 0 DREW NIEPORENT DIRECTOR 0.2 0.0 X 0 0 0 HANK RATNER DIRECTOR (THRU 6/23) 0.2 0.0 X 0 0 0 JOHN STARKS DIRECTOR 0.2 0.0 X 0 0 0 JUSTIN TUCK DIRECTOR 0.2 0.0 X 0 0 0 DEBRA SHUWAGER SECRETARY 1.0 0.0 X 0 0 0 0 0 0 0 false false false 0 452270 5292613 3228233 5744883 0 226243 0 226243 0 0 0 0 0 0 16361 452270 16361 0 0 0 0 0 0 0 5971126 0 226243 4913619 4913619 0 0 0 0 0 0 0 0 0 0 67181 67181 32031 32031 0 0 0 0 209004 209004 172116 118522 29707 23887 50408 50408 0 0 2385 2385 0 11532 11532 0 0 0 5884 5884 DIRECT PROGRAM SERVICES 672714 672714 MISCELLANEOUS 159935 11393 148542 6296809 5913859 208136 174814 0 0 3488504 820889 507129 5112 0 0 0 0 0 0 0 0 0 0 76834 123634 137600 137600 0 0 0 3060897 0 0 0 0 6293 6293 4078760 4016825 242420 521688 0 0 15520 0 0 0 0 0 0 0 0 0 0 0 8233 8233 266173 529921 X 3632427 3486904 180160 0 3812587 3486904 4078760 4016825 -325683 X false true X true false X 6311043 4517376 1254776 4690482 5744883 22518560 0 0 6311043 4517376 1254776 4690482 5744883 22518560 5836727 16681833 27362 21218 5915 6719 226243 287457 2192744 354828 968 0 0 2548540 0 25354557 0.65794 0.57584 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 137600 137600 0 0 MONEY MARKET FUNDS 3060897 F 3060897 0 SPORTS CORP. 8233 8233 X 7443380 1472254 1472254 5971126 5971126 7769063 1472254 1472254 6296809 6296809 PART X, LINE 2: UNDER ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON THE GARDEN OF DREAMS FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE FOUNDATION HAS FILED IRS FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEAR ENDED AUGUST 31, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE STATEMENT OF ACTIVITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY A TAXING AUTHORITY. AS OF AUGUST 31, 2023, THE FOUNDATION WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. fall telethon 127528 123792 3736 3736 spring telethon 106301 103128 3173 3173 3 234801 225349 9452 9452 468630 452269 16361 16361 16361 2 PENN PLAZA 8TH FLOOR NEW YORK NY 101210091 true CHILDREN'S VILLAGE 1 ECHO HILLS DOBBS FERRY NY 10522 131739945 501(C)(3) 115000 TO FULFILL GDF'S COVENANT HOUSE 550 10TH AVENUE NEW YORK NY 10018 132725416 501(C)(3) 10000 TO FULFILL GDF'S HOMES FOR THE HOMELESS 36 COOPER SQUARE 3RD FL NEW YORK NY 10003 133351420 501(C)(3) 126861 TO FULFILL GDF'S NEW YORK EDGE 58-12 QUEENS BLVD WOODSIDE NY 11377 113112635 501(C)(3) 136175 TO FULFILL GDF'S SCO FAMILY OF SERVICES ONE ALEXANDER PLACE GLEN COVE NY 11542 112777066 501(C)(3) 213913 TO FULFILL GDF'S WHEDCO 50 EAST 168TH STREET NEW YORK NY 10452 113099604 501(C)(3) 53783 FMV HOUSEHOLD ITEMS TO FULFILL GDF'S 6 PART I, LINE 2: THE GARDEN OF DREAMS PARTNERS ARE ALL ORGANIZATIONS THAT FIT WITHIN THE MISSION OF THE FOUNDATION TO "MAKE DREAMS COME TRUE FOR KIDS FACING OBSTACLES." THE ORGANIZATIONS ARE RESEARCHED AND THEN APPROVED BY THE GARDEN OF DREAMS BOARD OF DIRECTORS. X 145 CATALOG PRICE X 59761 CATALOG PRICE X DONATED SUITES 199 2507382 SEE PART II X DONATED TICKETS 274 308550 SEE PART II X food/catering 2353 74845 SEE PART II X DONATED TV AIR. 1065 117050 SEE PART II X toys and gifts 261 160500 CATALOG PRICE 1 false true false PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, COLUMN (D): VALUE BASED ON PREVAILING MARKET PRICE. FORM 990, PART I, LINE 1 CONTINUATION: lasting joy and build successful futures. In partnership with MSG Entertainment, MSG Sports and Sphere Entertainment, we provide access to world-class events and spaces, scholarships, mentorship and other inspiring educational opportunities. FORM 990, PART III, LINE 4D: OTHER PROGRAM SERVICES - INCLUDES DONATIONS OF GOODIE BAGS, TEAM MERCHANDISE & OTHER GIFTS COMMEMORATING SPECIAL EXPERIENCES FOR CHILDREN AND FAMILIES PARTICIPATING IN THE FOUNDATION'S PROGRAMS, AND SHIPPING OF ITEMS TO RECIPIENT ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 2: MSG ENTERTAINMENT GROUP, LLC, A WHOLLY-OWNED SUBSIDIARY OF MADISON SQUARE GARDEN ENTERTAINMENT CORP., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION. THE FOLLOWING DIRECTORS/OFFICERS WERE EMPLOYEES OR INDEPENDENT CONTRACTORS OF MSG DURING THE 2022 TAX YEAR: ANDY LUSTGARTEN, LAWRENCE BURIAN, JOEL FISHER, ADAM GRAVES, ANDREA GREENBERG, SANDY KAPELL, JOHN STARKS, AND BARRY WATKINS. FORM 990, PART VI, SECTION A, LINE 6: MSG ENTERTAINMENT GROUP, LLC, A WHOLLY-OWNED SUBSIDIARY OF MADISON SQUARE GARDEN ENTERTAINMENT CORP., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A: MSG ENTERTAINMENT GROUP, LLC, A WHOLLY-OWNED SUBSIDIARY OF MADISON SQUARE GARDEN ENTERTAINMENT CORP., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION AND IS ENTITLED TO NOMINATE DIRECTORS TO FILL VACANCIES ON THE BOARD AS THEY MAY OCCUR FROM TIME TO TIME; AND TO REMOVE DIRECTORS WITH OR WITHOUT CAUSE. FORM 990, PART VI, SECTION A, LINE 7B: A WHOLLY-OWNED SUBSIDIARY OF Madison Square Garden Entertainment Corp., IS THE SOLE MEMBER OF THE GARDEN OF DREAMS FOUNDATION AND IS ENTITLED TO DECIDE MATTERS REGARDING THE FOLLOWING: (1) THE ADOPTION, AMENDMENT OR REPEAL OF A BYLAW; (2) ANY AMENDMENT, MODIFICATION OR REPEAL OF THE CERTIFICATE OF INCORPORATION; (3) ANY POWERS GRANTED TO IT BY THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 8B: THE EXECUTIVE COMMITTEE DID NOT MAINTAIN MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT WITH INPUT FROM THE LEGAL AND PROGRAMS SUPPORT STAFF. AFTERWARDS, A COPY OF THE DRAFT FORM 990 IS CIRCULATED TO THE FULL BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: EACH YEAR THE FOUNDATION DISTRIBUTES ITS CONFLICT OF INTEREST POLICY TO EACH DIRECTOR AND MEMBER OF THE MSG LEGAL DEPARTMENT AND EXPLAINS THE POLICY TO THE BOARD OF DIRECTORS. THE FOUNDATION ALSO ASKS DIRECTORS TO FILL OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT WHICH ENABLES THE FOUNDATION TO MONITOR COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAKES ITS ANNUAL AUDITED FINANCIAL STATEMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY AVAILABLE ON ITS WEBSITE AND UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.