2025-08-18T10:21:32-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 043476160 THE MATCH FOUNDATION INC MATC 6172320300 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 NNENNA UDE PRESIDENT AND CEO 6172320300 2025-08-18 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-08-18 2023 2025-03-06 01:10:19Z NNENNA UDE 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 3052198 0 X WWW.MATCHEDUCATION.ORG X 1999 MA SEE SCHEDULE O 4 4 2 4 0 0 840710 601549 0 1647258 1071641 738455 259513 64936 2171864 3052198 699450 547305 0 0 438454 0 0 0 22091 877942 2241348 2015846 2788653 156018 263545 41419256 66757620 19278698 43868563 22140558 22889057 THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, A MASSACHUSETTS CHARTER SCHOOL. 0 0 2522989 547305 1647258 PROVIDES SUPPORT FOR MATCH CHARTER PUBLIC SCHOOL INCLUDING FACILITIES DEBT SERVICE AND TUTOR HOUSING. 2522989 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X TORY SOUTIERE CHIEF FINANCIAL OFFICER 6179355569 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 X JOHN CALHOUN CHAIR AND DIRECTOR 10.00 X X 0 0 0 ORLANDO WATKINS CLERK AND DIRECTOR 10.00 X X 0 0 0 MATTHEW VETTEL TREASURER AND DIRECTOR 10.00 X X 0 0 0 ROBERT FOGEL DIRECTOR 10.00 X 0 0 0 NNENNA UDE PRESIDENT/CEO 5.00 X 0 0 0 0 0 0 0 0 0 0 0 479184 122365 601549 LEASE REVENUE 531120 799836 799836 INTEREST 900099 566237 566237 AMORTIZATION OF BOND D 900099 281185 281185 1647258 738455 738455 60452 0 60452 60452 60452 MISCELLANEOUS REVENUE 900099 4484 4484 4484 3052198 1647258 0 803391 547305 547305 14624 14624 18587 18587 31390 31390 79840 79840 15688 15688 14950 14950 28028 28028 342322 342322 561229 561229 988490 988490 MISCELLANEOUS 70722 27446 36873 6403 PROFESSIONAL DEVELOPMEN 43020 43020 DUES AND FEES 19281 19281 PROGRAM INITIATIVES 13177 13177 2788653 2522989 243573 22091 250200 436728 2266278 2114708 118803 115885 149505 9880 21686288 18782934 4086 7350 40331198 11539203 986737 28791995 1836731 2096327 14401813 14120628 0 41419256 66757620 79120 80911 19000843 18874060 198735 24913592 19278698 43868563 X 22030430 22848686 110128 40371 22140558 22889057 41419256 66757620 263545 93922 391032 0 X X 0 1 X 1 1 1 X 937701 903793 768138 840710 601549 4051891 937701 903793 768138 840710 601549 4051891 4051891 1275014 1696141 1218504 1225866 798907 6214432 281185 295608 288657 283888 4484 1153822 11420145 1818017 0.35480 0.34190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 281,185. 2020 AMOUNT: $ 295,608. 2021 AMOUNT: $ 288,657. 2022 AMOUNT: $ 283,888. 2023 AMOUNT: $ 4,484. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1856117 1856117 38167003 11231125 26935878 308078 308078 0 28791995 BOND RECEIVABLE 14401813 C 14401813 DUE TO THE MATCH CHARTER PUBLIC SCHOOL 92049 DEFERRED INFLOWS OF RESOURCES 24821543 24913592 1 MATCH CHARTER PUBLIC SCHOOL 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 043453891 501(C)3 547305 0 TO SUPPORT THE MATCH CHARTER PUBLIC SCHOOL 1 PART I, LINE 2: THE FOUNDATION REVIEWS EXPENDITURES INCURRED UNDER THE GRANT BY THE SCHOOLS. A MATCH SCHOOL FOUNDATION ISSUE SERIES 2014A 043431814 2014-08-21 4000000 TO FUND CAPITAL PROJECTS 0 0 0 B MATCH SCHOOL FOUNDATION ISSUE SERIES 2014B 043431814 2014-08-21 18000000 TO FUND CAPITAL PROJECTS 0 0 0 A 2102940 4000000 71851 49923 3878226 2015 0 0 1 1 B 1023000 18000000 123611 224655 17651734 2015 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 FORM 990, PART I: THE MATCH FOUNDATION, INC., FORMED IN MAY 1999, ACTS PRIMARILY TO PROVIDE FINANCIAL SUPPORT AND SERVICES TO MATCH CHARTER PUBLIC SCHOOL, A MASSACHUSETTS CHARTER SCHOOL. IN ADDITION TO THIS ROLE AS A FUNDRAISING FOUNDATION TO SUPPLEMENT RESOURCES OF MATCH SCHOOL, THE FOUNDATION'S STATED PURPOSE ALSO INCLUDES, BUT IS NOT LIMITED TO, ENGAGING AND PERFORMING IN THE ACTIVITIES THAT MATCH SCHOOL WOULD OTHERWISE HAVE TO PERFORM; OWNING, LEASING AND MAINTAINING THE SITES AT WHICH MATCH SCHOOL IS LOCATED; AND ENGAGING IN OTHER NONPROFIT PURPOSES AS ARE PERMISSIBLE FOR A CORPORATION ORGANIZED UNDER M.G.L.C. 180 AND EXEMPT FROM FEDERAL INCOME TAXATION PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CFO AND THE PRESIDENT/CEO AND IS THEN PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY MONITORS CONFLICTS OF INTEREST THROUGH BOARD MEMBER DISCLOSURE SIGNOFFS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ITS OWN COMPENSATION COMMITTEE, COMPRISED OF MEMBERS OF ITS BOARD OF DIRECTORS, THAT ANNUALLY MEETS TO COMPLETE PERFORMANCE EVALUATIONS AND MAKE SALARY DECISIONS FOR THE PRESIDENT AND CEO. FORM 990, PART VI, SECTION C, LINE 19 INDIVIDUAL REQUESTS ARE ADDRESSED ON A CASE-BY-CASE BASIS. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VII: NNENNA UDE, THE PRESIDENT AND CEO, IS NOT COMPENSATED BY THE ORGANIZATION. UDE IS COMPENSATED BY MATCH CHARTER PUBLIC SCHOOL (THE SCHOOL), WHICH IS UNRELATED TO THE ORGANIZATION, FOR SERVING AS THE EXECUTIVE DIRECTOR. THE SCHOOL HAS A DISTINCT INSTITUTIONAL INTEREST IN HAVING UDE SERVE AS SENIOR MANAGER AND OFFICER OF THE ORGANIZATION, AND REQUIRES UDE TO SERVE AS PRESIDENT AND CEO OF THE ORGANIZATION AS PART OF HER SERVICES TO THE SCHOOL. THE ORGANIZATION'S ACCOUNTANT, AAFCPAS, INC., ATTEMPTED TO E-FILE THEIR FORM 990 ON MAY 8, 2025, IN ADVANCE OF THE MAY 15, 2025 EXTENDED DEADLINE. THE REASON FOR THE REJECTION WAS THAT THE EIN WAS NOT ESTABLISHED AS AN EXEMPT ORGANIZATION RETURN FILER IN THE E-FILE DATABASE DUE TO AN IRS ERROR. ON MAY 13, 2025, THE ORGANIZATION'S ATTORNEY, KROKIDAS & BLUESTEIN LLP (K&B), CONTACTED THE INTERNAL REVENUE SERVICES TO REQUEST TO BE ADDED BACK TO THE IRS EXEMPT ORGANIZATION DATABASE. THE IRS AGENT ACKNOWLEDGED THE ERROR, AND ADVISED K&B TO SUBMIT THE REQUEST FOR CORRECTION IN WRITING TO THE EO CORRESPONDENCE UNIT. A REQUEST WAS FAXED ON MAY 13, 2025. ON JUNE 24, 2025, K&B CONTACTED THE IRS FOR THE ORGANIZATION AGAIN, AGAIN REQUESTING TO BE ADDED BACK TO THE E-FILE DATABASE. THEY WERE INFORMED THAT THE DATABASE SHOULD BE UPDATED IN 4-6 WEEKS. THE ORGANIZATION HAS NOW BEEN ADDED BACK AND THAT IS THE REASON THAT AAFCPAS, INC. IS SUBMITTING THE RETURN LATE TO THE IRS.