2024-11-04T15:38:04+00:00 2023-12-31 346565596 ERNST & YOUNG US LLP ONE MANHATTAN WEST NEW YORK NY 100018604 990 2023-01-01 042746912 PAN-MASSACHUSETTS CHALLENGE INC PAN- 7814495300 77 FOURTH AVENUE NEEDHAM MA 02494 MICHAEL ASCIONE TREASURER/DIRECTOR 7814495300 2024-11-04 true true Nicole Sokolowski P01683199 2127733000 2024-10-24 2023 2024-10-15 13:58:12Z WILLIAM STARR 77 FOURTH AVENUE NEEDHAM MA 02494 81705565 false X WWW.PMC.ORG X 1981 MA TO RAISE FUNDS TO BE CONTRIBUTED TO THE JIMMY FUND AT DANA-FARBER CANCER INSTITUTE FOR ITS USE IN CONNECTION WITH RESEARCH, TREATMENT, CURE OF AND EDUCATION ABOUT CANCER. 14 13 22 3000 0 0 68337885 70957505 0 0 690405 1661775 4661024 4308987 73689314 76928267 69000000 72000000 0 2966052 3123511 0 0 1837476 2449464 2653806 74415516 77777317 -726202 -849050 4292909 3990278 1836338 2082757 2456571 1907521 TO RAISE FUNDS TO BE CONTRIBUTED TO THE JIMMY FUND AT DANA-FARBER CANCER INSTITUTE FOR ITS USE IN CONNECTION WITH RESEARCH, TREATMENT, CURE OF AND EDUCATION ABOUT CANCER. false false 72000000 72000000 0 ANNUAL BIKE-A-THON - APPROXIMATELY 7,000 CYCLISTS RIDE AND RAISE MONEY FOR CANCER RESEARCH AND TREATMENT, FOR THE JIMMY FUND AT THE DANA-FARBER CANCER INSTITUTE IN BOSTON, MASSACHUSETTS. IT IS REPORTED THAT PAN MASSACHUSETTS CHALLENGE'S CYCLING FUNDRAISER IS THE MOST SUCCESSFUL ATHLETIC FUNDRAISING EVENT, IN TERMS OF DOLLARS RAISED, IN THE COUNTRY. 72000000 true false false false false false false false false true false false true true false true false false false false false false false true false false true false true false false false false false false true false true false false false false false false false false true 15 0 true 22 true false false false false false false false false false false false false X 14 13 false false true false false false false true true false false true true true true true true true true false CA FL GA AL HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA AR WV WI X X MICHELE SOMMER 7814495300 77 FOURTH AVENUE NEEDHAM MA 02494 CAREN DEARDORF SECRETARY/DIRECTOR 1.0 0.0 X X 0 0 0 MICHAEL ASCIONE TREASURER/DIRECTOR 1.0 0.0 X X 0 0 0 ROBERT SMITH DIRECTOR 1.0 0.0 X X 0 0 0 WILLIAM STARR EXECUTIVE DIR./DIR. 50.0 0.0 X X 815258 0 67856 BEKAH SALWASSER DIRECTOR 1.0 0.0 X 0 0 0 DAVID FIALKOW DIRECTOR 1.0 0.0 X 0 0 0 JONATHAN GILULA DIRECTOR 1.0 0.0 X 0 0 0 JOSH BEKENSTEIN DIRECTOR 1.0 0.0 X 0 0 0 LOIS CORNELL DIRECTOR 1.0 0.0 X 0 0 0 MELANY DUVAL DIRECTOR 1.0 0.0 X 0 0 0 Michael Dee Chairman 1.0 0.0 X 0 0 0 RENE JONES DIRECTOR 1.0 0.0 X 0 0 0 Setti Warren Director 1.0 0.0 X 0 0 0 SUSAN BROGAN DIRECTOR 1.0 0.0 X 0 0 0 JARRETT COLLINS PRESIDENT 50.0 0.0 X 330391 0 49262 MICHELE SOMMER CHIEF FINANCIAL OFFICER 50.0 0.0 X 240355 0 20006 JENNIFER SCHACHTER VP Technology & Digital Experience 50.0 0.0 X 247728 0 27972 WILLIAM ALFANO DIR OF MKTG & STRAT PSHIPS 50.0 0.0 X 224385 0 44456 1858117 0 209552 6 false true false JOHN CAPELLUPO SENSORY SPECIALISTS PO BOX 94 NORTH SCITUATE MA 02060 AV SERVICES 122897 Sarah Mercurio 563 East 7th Street Boston MA 02127 Design Services 116902 1 70957505 2714372 70957505 0 0 0 0 0 1661775 1661775 0 0 0 0 8599961 71257505 4503233 4096728 4096728 486325 274065 212259 212259 0 0 0 0 0 76928267 0 0 5970762 72000000 72000000 1802048 0 1802048 0 776051 776051 166435 166435 234507 234507 144470 144470 55465 55465 75524 75524 592435 0 118487 473948 405272 405272 143778 14378 129400 91321 91321 184877 184877 46051 46051 80744 80744 CREDIT CARD PROCESS FEES 941386 188277 753109 LOCKBOX ANALYSIS FEE 29696 29696 PROFESSIONAL DEVELOPMENT 7257 7257 0 0 0 0 77777317 72000000 3939841 1837476 247469 413728 1165463 1641332 2118178 1223296 0 0 0 0 41976 8321 134477 248984 808438 573161 281969 235277 0 0 303377 219340 4292909 3990278 300726 217655 0 0 1535612 1865102 1836338 2082757 X 706571 882521 1750000 1025000 2456571 1907521 4292909 3990278 X -849050 3221135 -2921135 X false true X true false X 63943081 53487418 62948457 68337885 70957505 319674346 0 0 63943081 53487418 62948457 68337885 70957505 319674346 0 319674346 671666 232276 6963 690405 1661775 3263085 0 0 0 0 0 0 0 322937431 71427066 0.9899 0.9927 X 594404 421196 173208 214034 151965 62069 235277 RIGHT OF USE ASSET 219340 219340 Prepaid 100% Fund DFCI Support 1033226 PREPAID FUNDRAISING 418121 LEASE LIABILITY 398755 PREPAID SPONSORSHIP 15000 1865102 84926700 3221135 4777298 7998433 76928267 0 0 76928267 85775751 3221135 4777299 7998434 77777317 0 0 77777317 Schedule D, Part X, Line 2 FIN 48 (ASC 740) FOOTNOTE FROM AUDIT THERE WAS NO FIN 48 (ASC 740) FOOTNOTE IN THE AUDITED FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RECLASS COST OF GOODS SOLD - 274065 RECLASS IN-KIND EVENT EXPENSES - 4503233 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RECLASS COST OF GOODS SOLD - 274066 RECLASS IN-KIND EVENT EXPENSES - 4503233 BIKE-A-THON 79557466 70957505 8599961 490243 728315 6900 3277775 0 0 79557466 70957505 8599961 490243 728315 6900 3277775 4503233 4096728 true DANA-FARBER CANCER INSTITUTE INC 450 BROOKLINE AVENUE BP4 18 BOSTON MA 02115 042263040 501 (C) (3) 72000000 CANCER RESEARCH 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. AS STATED IN PART I, THE ORGANIZATION'S MISSION IS TO RAISE FUNDS TO BE DISTRIBUTED TO THE JIMMY FUND AT THE DANA-FARBER CANCER INSTITUTE (DFCI), A WELL RECOGNIZED 501(C)(3) ORGANIZATION, FOR ITS USE IN CONNECTION WITH THE RESEARCH, TREATMENT AND CURE OF AND EDUCATION ABOUT CANCER. THERE IS A LONGSTANDING RELATIONSHIP BETWEEN THE TWO ORGANIZATIONS. PMC DOES NOT HAVE A MONITORING FUNCTION AT DFCI. SINCE 1980 WHEN WILLIAM STARR AND 36 RIDERS RAISED AND DONATED $10,200 FOR THE DANA-FARBER CANCER INSTITUTE (DFCI), THERE HAS BEEN A CLOSE RELATIONSHIP BETWEEN DFCI AND THIS ANNUAL BICYCLING FUNDRAISER, WHICH NOW HAS APPROXIMATELY 7,000 RIDERS AND WHICH, THIS YEAR ALONE, DONATED $72 MILLION TO DFCI. TWO MEMBERS OF THE PAN MASSACHUSETTS CHALLENGE BOARD OF DIRECTORS (WILLIAM STARR, PRESIDENT/EXECUTIVE DIRECTOR OF PAN MASSACHUSETTS CHALLENGE, AND JOSH BEKENSTEIN) SIT ON THE DFCI BOARD OF TRUSTEES. ONE DFCI SENIOR MANAGER (MELANY DUVAL) ALSO SITS ON THE PAN MASSACHUSETTS CHALLENGE BOARD. ALTHOUGH THERE IS NO FORMAL MONITORING OF THE FUNDS DONATED TO DFCI BY THE PAN MASSACHUSETTS CHALLENGE, THE TWO ORGANIZATIONS HAVE A CLOSE WORKING RELATIONSHIP, ENSURING THE FUNDS ARE USED APPROPRIATELY. X true false X X X X X X false false false true false false false false false WILLIAM STARR EXECUTIVE DIR./DIR. 539189 0 220000 0 56069 0 43500 0 24356 0 883114 0 0 0 JARRETT COLLINS PRESIDENT 304141 0 26250 0 0 0 24750 0 24512 0 379653 0 0 0 MICHELE SOMMER CHIEF FINANCIAL OFFICER 216438 0 23917 0 0 0 17938 0 2068 0 260361 0 0 0 WILLIAM ALFANO DIR OF MKTG & STRAT PSHIPS 200885 0 23500 0 0 0 17625 0 26831 0 268841 0 0 0 JENNIFER SCHACHTER VP Technology & Digital Experience 222615 0 25113 0 0 0 18834 0 9138 0 275700 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments WILLIAM STARR RECEIVES CAR AND LIFE INSURANCE ALLOWANCES WHICH ARE GROSSED UP. THESE ALLOWANCES INCLUSIVE OF THE GROSS UP ARE INCLUDED IN TAXABLE COMPENSATION. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization FOR 2023, WILLIAM STARR AND JARRETT COLLINS WERE PAID BASE SALARIES, AND THEY RECEIVED BONUSES BASED ON THE PERFORMANCE OF THE PAN MASSACHUSETTS CHALLENGE FOR 2023, AS MEASURED BY THE SIZE OF ITS DONATION TO THE DANA-FARBER CANCER INSTITUTE (DFCI) THAT YEAR FOR CANCER RESEARCH. AS IN PRIOR YEARS, THE DONATION WAS DETERMINED BY THE PAN MASSACHUSETTS CHALLENGE BOARD OF DIRECTORS (MR. STARR AND MR. COLLINS WERE NOT PRESENT FOR, AND DID NOT PARTICIPATE IN, THE VOTE). THEIR BONUS COMPENSATION FORMULA WAS DESIGNED, AMONG OTHER THINGS, TO MAXIMIZE THE ORGANIZATION'S FUNDRAISING EFFICIENCY; AND HELPED THE PAN MASSACHUSETTS CHALLENGE, FOR THE SEVENTEENTH CONSECUTIVE YEAR, TO DONATE 100% OF RIDER-RAISED FUNDS RECEIVED IN THE CURRENT YEAR TO DFCI. (THE PAN MASSACHUSETTS CHALLENGE BUDGET IS UNDERWRITTEN BY SPONSORSHIP PAYMENTS, AUXILIARY REVENUE AND BIKE-A-THON REGISTRATION FEES.) WILLIAM STARR'S COMPENSATION CONSISTS OF AN ANNUAL BASE SALARY OF $539,189 AND A BONUS BASED ON THE AMOUNT THE PAN MASSACHUSETTS CHALLENGE DONATES FOR THE YEAR. HE RECEIVED A BONUS OF $220,000 IN 2023. JARRETT COLLINS' COMPENSATION CONSISTS OF A BASE SALARY OF $304,141 AND A BONUS OF $26,250 WHICH IS BASED ON THE AMOUNT THE PAN MASSACHUSETTS CHALLENGE DONATES FOR THE YEAR. JENNIFER SCHACHTER'S COMPENSATION CONSISTS OF A BASE SALARY OF $222,615 AND A BONUS IN THE AMOUNT OF $25,113. MICHELE SOMMER'S COMPENSATION CONSISTS OF A BASE SALARY OF $216,438 AND A BONUS IN THE AMOUNT OF $23,917. WILLIAM ALFANO'S COMPENSATION CONSISTS OF A BASE SALARY OF $200,885 AND A BONUS IN THE AMOUNT OF $23,500. BONUSES FOR JENNIFER SCHACHTER, MICHELE SOMMER, AND WILLIAM ALFANO, ARE AWARDED BASED 50% ON INDIVIDUAL PERFORMANCE EVALUATIONS AND 50% ON ORGANIZATION PERFORMANCE. Schedule J, Part I, Line 2 SUBSTANTIATION REQUIREMENT FOR LINE 1A ITEMS ORGANIZATION DID NOT REQUIRE SUBSTANTIATION PRIOR TO REIMBURSING OR ALLOWING EXPENSES INCURRED BECAUSE GROSS-UP PAYMENTS WERE ALLOWANCES AND SUCH SUBSTANTIATION IS NOT NEEDED FOR ALLOWANCES. MEREDITH BEATON STARR SPOUSE OF WILLIAM STARR 64050 MEREDITH BEATON STARR IS THE SPOUSE OF WILLIAM STARR, PRESIDENT/DIRECTOR/BOARD MEMBER OF PAN MASSACHUSETTS CHALLENGE. MEREDITH BEATON STARR IS THE DIRECTOR OF STEWARDSHIP AND DFCI LIAISON. DIRECTOR OF STEWARDSHIP AND DFCI LIAISON RESPONSIBILITIES INCLUDE PATIENT REFERRALS, COORDINATING AND ASSISTING HEAD STAFF IN SITE DEVELOPMENT, MANAGEMENT AND OVERSIGHT OF SPECIFIC PMC/DFCI PROGRAMS INCLUDING THE PEDAL PARTNER PROGRAM, AND ASSISTANCE WITH THE RECRUITMENT AND CULTIVATION OF SPONSORS, RIDERS, VOLUNTEERS, STAFF AND DONORS AT PMC AND DFCI EVENTS. SHE WAS PAID REASONABLE COMPENSATION AS AN EMPLOYEE OF THE FILING ORGANIZATION. false X 58 1515897 Market value X 89 599302 Market value X MISC FUNDRAISER 31 599173 Market value 0 false true false Form 990, Part VI, Line 4 Significant changes to organizational documents The PMC Board adopted amendments to the PMC Bylaws to: render more flexible the timeframe for submitting nominations to fill open Board positions; allow more flexibility in the setting of dates for the PMC Annual Meeting and regular Board meetings; and allow for the appointment of individuals who are not PMC Board members as chairs of PMC committees that are not comprised only of Board members. Form 990, Part VI, Line 11b Review of form 990 by governing body PAID PREPARERS PREPARED THE RETURN. MANAGEMENT CONSISTING OF THE EXECUTIVE DIRECTOR, CEO, CFO, THE CHAIRMAN OF THE BOARD AND THE TREASURER REVIEWED A DRAFT OF THE RETURN AND THE BOARD VIEWED THE FINAL RETURN BEFORE SUBMISSION FOR FILING. Form 990, Part VI, Line 12c Conflict of interest policy OUR CONFLICT OF INTEREST POLICY, WHICH HAS BEEN APPROVED BY THE BOARD, IS PROVIDED EACH YEAR TO ALL BOARD MEMBERS AND OFFICERS. THE BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN AN ANNUAL POLICY DISCLOSURE STATEMENT INDICATING THAT THEY HAVE READ AND AGREE TO COMPLY WITH THE POLICY, AND IDENTIFYING ALL INTERESTS (E.G., EMPLOYMENT OR OTHER COMPENSATION OR FINANCIAL RELATIONSHIPS) THAT COULD GIVE RISE TO A CONFLICT OF INTEREST UNDER THE POLICY. THESE DISCLOSURES ARE REVIEWED BY COUNSEL. THE CONFLICT OF INTEREST POLICY DEFINES TYPES OF FINANCIAL INTEREST THAT ARE TO BE DISCLOSED, OUTLINES PROCEDURES FOR DETERMINING WHETHER A CONFLICT EXISTS AND, IF SO, HOW TO ADDRESS THE CONFLICT, OUTLINES THE PROCESS TO RESPOND TO SUSPECTED VIOLATIONS OF THE CONFLICTS POLICY, AND CHARGES THE GOVERNING BOARD OF THE ORGANIZATION OR A COMMITTEE THEREOF TO TAKE APPROPRIATE DISCIPLINARY AND/OR CORRECTIVE ACTION IN THE EVENT OF A VIOLATION OF THE POLICY. THE POLICY ALSO REQUIRES THAT MINUTES OF GOVERNING BOARD AND COMMITTEE MEETINGS RELATING TO CONFLICTS OF INTEREST MATTERS BE MAINTAINED, AND THAT THEY INCLUDE THE NAMES OF THOSE WHO DISCLOSED OR WERE FOUND TO HAVE A FINANCIAL INTEREST, THE NATURE OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT WAS PRESENT, THE DECISION REGARDING WHETHER A CONFLICT WAS PRESENT, AND, WHERE A CONFLICT WAS FOUND TO BE PRESENT, THE NAMES OF THE PERSONS PRESENT FOR DISCUSSION AND VOTES RELATING TO THE MATTER, THE CONTENT OF THE DISCUSSION (INCLUDING ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT), AND A RECORD OF ANY VOTES TAKEN. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS ANALYZED, REVIEWED, AND RECOMMENDED BY THE COMPENSATION COMMITTEE AND APPROVED BY A VOTE OF THE FULL PAN MASSACHUSETTS CHALLENGE BOARD OF DIRECTORS (OTHER THAN THE EXECUTIVE DIRECTOR). THE COMPENSATION COMMITTEE AND BOARD UTILIZE AN INDEPENDENT COMPENSATION CONSULTANT'S REPORT TO BENCHMARK AND EVALUATE THE EXECUTIVE DIRECTOR'S COMPENSATION WITH COMPARABLE ORGANIZATIONS. THIS PROCESS WAS COMPLETED DURING THE REVIEW OF THE EXECUTIVE DIRECTOR'S MOST RECENT EMPLOYMENT CONTRACT IN 2014. COMPENSATION OF ALL EMPLOYEES IS INCLUDED IN THE ANNUAL BUDGET, WHICH IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. EXTERNAL BENCHMARKS WERE USED TO REVIEW ALL EMPLOYEES' COMPENSATION AS OF 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE CHIEF FINANCIAL OFFICER'S COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR, PRESIDENT AND CHAIRMAN OF THE BOARD. COMPENSATION OF ALL EMPLOYEES IS INCLUDED IN THE ANNUAL BUDGET, WHICH IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. EXTERNAL BENCHMARKS WERE USED TO REVIEW ALL EMPLOYEES' COMPENSATION AS OF 2023. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances ADJUSTMENT FOR USE OF IN-KIND CONTRIBUTIONS - -3221135; RESTRICTED DONATIONS - 300000; FORM 990, PART X, LINE 15 and Line 25 OTHER ASSETS AND OTHER LIABILITIES AS OF DECEMBER 31, 2022, PMC RECORDED A RENT LIABILITY AS A COMPONENT OF OTHER LIABILITIES IN THE AMOUNT OF $546,579.