2024-05-14T13:52:28-05:00 2023-06-30 141798364 WOJESKI & COMPANY CPA'S PC 159 WOLF RD ALBANY NY 12205 990 2022-07-01 141823155 ADAPTIVE SPORTS FOUNDATION INC ADAP 5187345070 PO BOX 266 100 SILVERMAN WAY WINDHAM NY 12496 VINCE PASSIONE BOARD CHAIR 5187345070 2023-11-15 1 VINCE PASSIONE XXX-XX-XXXX 1 JILLIAN M GALE CPA P01068084 5184771102 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VINCE PASSIONE 324 MCKINLEY AVE RIDGEWOOD NJ 12496 3204222 0 X WWW.ADAPTIVESPORTSFOUNDATION.ORG X 2000 NY SUMMER AND WINTER PROGRAMS FOR INDIVIDUALS WITH DISABILITIES 17 17 10 197 25815 395 1132690 1027710 89708 106142 154695 102800 237832 490666 1614925 1727318 0 0 0 0 603777 636166 0 0 138443 921631 904505 1525408 1540671 89517 186647 8075714 8604847 775098 799749 7300616 7805098 SUMMER AND WINTER PROGRAMS FOR INDIVIDUALS WITH DISABILITIES 0 0 1080472 106142 THE ORGANIZATION OFFERS BOTH SUMMER AND WINTER RECREATIONAL OPPORTUNITIES TO INDIVIDUALS WITH COGNITIVE AND/OR PHYSICAL DISABILITIES. 1080472 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 10 1 1 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JOANNE GRUNENTHAL 5187345070 PO BOX 266 100 SILVERMAN WAY WINDHAM NY 12496 JIM BARNES DIRECTOR 1.50 X 0 0 0 MICHAEL FEE DIRECTOR 1.00 X 0 0 0 WILLIAM LAWSON DIRECTOR 1.00 X 0 0 0 ROBERT LUCKOW DIRECTOR 1.00 X 0 0 0 CHARLES MCGUFFOG DIRECTOR 1.00 X 0 0 0 KEVIN O'CONNOR DIRECTOR 1.50 X 0 0 0 VINCE PASSIONE BOARD CHAIR 6.00 X X 0 0 0 THOMAS RYAN SECRETARY 1.50 X 0 0 0 L KEVIN SHERIDAN DIRECTOR 2.00 X 0 0 0 KAREN ELDER DIRECTOR 1.00 X 0 0 0 LAURIN KLEIMAN DIRECTOR 3.00 X 0 0 0 GWEN ALLARD FOUNDER AND BOARD MEMBER EMERITUS 1.00 X 0 0 0 ANNA FENIMORE DIRECTOR 1.00 X 0 0 0 PHILIP HSU TREASURER 1.00 X 0 0 0 STEPHAN KIRATSOUS DIRECTOR 1.00 X 0 0 0 BRIAN J LEE DIRECTOR 1.00 X 0 0 0 SCOTT SILVERMAN DIRECTOR 1.00 X 0 0 0 JOHN IANNELLI EXECUTIVE DIRECTOR 40.00 X 116484 0 0 116484 0 0 1 0 0 0 0 26186 1001524 271022 1027710 PROGRAM REVENUE 900099 106142 106142 106142 114016 114016 1354015 1365231 -11216 -11216 -11216 559327 104846 454481 454481 32642 6827 25815 25815 LIFT LEASE INCOME 900099 10000 10000 OTHER MISCELLANEOUS INCOME 900099 370 370 10370 1727318 106142 25815 567651 116484 58242 29121 29121 397601 278601 85474 33526 77423 50730 17258 9435 44658 29261 9955 5442 22465 22465 30044 30044 94453 68818 10254 15381 3840 3840 72682 58656 10596 3430 28425 18625 6336 3464 132690 86942 29578 16170 62382 40874 13906 7602 WINTER PROGRAMS EXPENSE 185093 185093 SKILLED VOLUNTEER EXPEN 112724 112724 WARRIOR IN MOTION PROGR 47900 47900 MISCELLANEOUS EXPENSES 33311 2766 25854 4691 78496 41240 30915 6341 1540671 1080472 321756 138443 885396 206432 249480 1246169 31103 16090 5036 16290 8232 5272766 2468618 2865364 2804148 2527650 2678109 1500431 1640631 8075714 8604847 20388 38331 750000 750000 4710 11418 775098 799749 X 4013938 4402276 3286678 3402822 7300616 7805098 8075714 8604847 186647 317835 0 X 0 1 X 0 0 X 1133410 1074226 1325201 1222398 1133852 5889087 1133410 1074226 1325201 1222398 1133852 5889087 5889087 105024 85639 88506 101933 114016 495118 6486 6479 1225 112 25815 40117 12002 13107 19736 15899 10370 71114 6495436 0.90660 0.91480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3180809 309753 -76405 3414157 3620598 -406834 -32955 3180809 3693819 1100455 -82828 4711446 3904416 30924 -241521 3693819 3774580 35000 138616 -43114 -666 3904416 0 0 381036 592066 973102 2636933 1083300 1553633 1113312 1007233 106079 549419 378085 171334 2804148 MARKETABLE SECURITIES 1640631 F 1640631 DEFERRED REVENUE 11418 11418 X 2119955 317835 74802 392637 1727318 0 1727318 1615473 104846 104846 1510627 30044 30044 1540671 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS, INCLUDING INTEREST AND PENALTIES ATTRIBUTABLE THERETO, AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 104,846. INVESTMENT FEES -30,044. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT SPECIAL EVENT EXPENSES 104,846. WINTER AUCTION 114245 114245 49624 GOLF TOURNAMENT 52916 52916 20606 9 392166 392166 34616 559327 559327 104846 104846 454481 X REGISTERED SEASON PASSES 0 163622 X SKILLED SKI INSTRUCTION & EQUIPMENT VOLUNTEER HOURS 0 107400 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF ASF REVIEWS THE ANNUAL FINANCIAL STATEMENT ON WHICH THE 990 IS BASED AND VOTES ON SAME. THE 990 IS REVIEWED BY THE AUDIT COMMITTEE. IT IS ALSO REVIEWED BY THE BOARD CHAIR (WHO SIGNS IT), THE TREASURER, AND THE ASF'S FINANCIAL STAFF. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND EMPLOYEES OF ADAPTIVE SPORTS FOUNDATION (ASF) SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS AND CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THE BOARD CHAIR, DIRECTORS AND ANY COMMITTEE APPOINTED TO ADDRESS THE CONFLICT OF INTEREST SHALL ADDRESS ANY NECESSARY SITUATIONS THAT MAY ARISE. THE POLICY SHALL BE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED TO ALL RESPONSIBLE PERSONS WITHIN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 ADAPTIVE SPORTS FOUNDATION RELIES ON PUBLISHED NOT-FOR-PROFIT AND ASSOCIATION COMPENSATION PUBLICATIONS AND SURVEYS TO ESTABLISH COMPENSATION AND BENEFITS. COMPENSATION STUDIES REPORTING COMPENSATION IN THE PRIVATE AND PUBLIC SECTORS WITHIN THE ASF'S GEOGRAPHIC OPERATIONAL AREAS MAY BE USED TO SUPPLEMENT THESE MATERIALS. ASF'S EXECUTIVE COMMITTEE IS THE COMPENSATION COMMITTEE AND WILL ADMINISTER ASF COMPENSATION PROGRAMS PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED. THE COMPENSATION COMMITTEE SHALL MEET AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES TO THE BOARD OF TRUSTEES, AS APPROPRIATE. FOR POSITIONS OTHER THAN EXECUTIVE DIRECTOR, THE BOARD OF TRUSTEES SHALL REVIEW TOTAL COMPENSATION FOR ALL EMPLOYEES, PRESENTED BY THE EXECUTIVE DIRECTOR, AS PART OF THE ANNUAL BUDGET PROCESS. SUCH TOTAL COMPENSATION IS REVIEWED IN THE SPRING EACH YEAR DURING THE BUDGET PROCESS. THE COMPENSATION COMMITTEE MAY COMMISSION A REVIEW BY AN INDEPENDENT CONSULTING FIRM TO EVALUATE THE ORGANIZATION'S KEY EXECUTIVE COMPENSATION PROGRAM AGAINST THE COMPETITIVE MARKET. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EMPLOYEES OF THE ORGANIZATION AND HAS FINAL APPROVAL FOR SUCH COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.