Matthew Siravo Memorial Foundation Inc Inc
- Assets
- $549.0k
- Revenue
- $223.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Warwick, RI
- Founding
- Data as of
- 12/2016
- EIN
- 20-0096759
Organization Overview
Matthew Siravo Memorial Foundation Inc Inc, operating under the name The Matty Fund, is located in Warwick, RI. As of 12/2016, Matty Fund employed 5 individuals. Matty Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2016, Matty Fund generated $223.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $260.4k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FAMILY RESOURCES, PROMOTE PATIENT SAFETY, AND IMPROVE THE QUALITY OF LIFE FOR CHILDREN AND FAMILIES WITH EPILEPSY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EPILEPSY AWARENESS AND EDUCATION: ESSENTIAL TO THE MISSION OF THE MATTY FUND ARE PROGRAMS THAT EDUCATE AND RAISE AWARENESS ABOUT THE REALITIES OF EPILEPSY, TEACH SEIZURE PROTOCOLS, AND PROMOTE PATIENT SAFETY. THESE PROGRAMS HELP TO REMOVE THE STIGMA ASSOCIATED WITH EPILEPSY AND SEIZURES TO ENCOURAGE A SAFE, PRODUCTIVE, AND INCLUSIVE ENVIRONMENT FOR CHILDREN LIVING WITH THIS CONDITION AT SCHOOL, HOME, AND PLAY. RAISING EPILEPSY AWARENESS IS A CORE ELEMENT INCLUDED IN THE PLANNING AND DELIVERY OF EVERY PROGRAM AND EVENT. THE MATTY FUND ALSO DESIGNS PROGRAMS TO MEET THE NEEDS OF MEDICAL AND EDUCATIONAL PROFESSIONALS.
CHILDREN AND FAMILIES SUPPORT AND ACTIVITIES: THE MATTY FUND WAS BUILT ON SEVERAL GUIDING PRINCIPLES. ONE, TO HELP PARENTS AND CAREGIVERS COPE WITH CHILDREN SUFFERING WITH SEIZURES AND THE SIDE EFFECTS OF STRONG MEDICATIONS. TWO, TO OFFER PROGRAMS AND ACTIVITIES FOR CHILDREN LIVING WITH EPILEPSY THAT ARE FUN, SAFE, AND INCLUSIVE. THE MATTY FUND'S EPILEPSY RESOURCE CENTER FOR CHILDREN AND FAMILIES, THE FIRST OF ITS KIND IN RHODE ISLAND, OFFERS THIS SUPPORT AND OUTREACH TO FAMILIES THROUGHOUT RHODE ISLAND AND BEYOND. THE RESOURCE CENTER OFFERS INFORMATION, ADVOCACY, AND EDUCATION IN A VARIETY OF WAYS. THE "DISCOVERING MY EPILEPSY SUPPORT GROUP" BRINGS PARENTS AND CAREGIVERS TOGETHER, BOTH IN-PERSON AND ELECTRONICALLY, TO SUPPORT AND LEARN FROM OTHERS WHO SHARE SIMILAR EXPERIENCES. PARTICIPANTS HELP EACH OTHER NAVIGATE COMPLEX MEDICAL, EDUCATION, AND SOCIAL SYSTEMS ON BEHALF OF THEIR CHILDREN; EDUCATE EACH OTHER ON POTENTIAL SOLUTIONS TO SOCIAL AND BEHAVIORAL ISSUES RELATED TO EPILEPSY; AND CONNECT TO LOCAL, STATE, AND PRIVATE RESOURCES, AND PARTICIPATE IN CHILDREN'S ACTIVITIES.
RESEARCH INITIATIVES: IN 2015, THE MATTY FUND AWARDED THE MATTHEW SIRAVO UNDERGRADUATE AWARDS IN EPILEPSY RESEARCH AT THE BROWN UNIVERSITY INSTITUTE FOR BRAIN SCIENCE. THIS AWARD ENCOURAGES WORK TOWARDS IMPROVING THE DIAGNOSIS, TREATMENT AND PREVENTION OF EPILEPSY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Clayton Board Of Directors | Trustee | 1 | $0 |
Larry Fish Board Of Directors | Trustee | 1 | $0 |
Phyllis Fish Vice President | Trustee | 1 | $0 |
Robert Marcello Board Of Directors | Trustee | 1 | $0 |
Kathy Partington Secretary | Trustee | 1 | $0 |
Joseph Siravo President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,196 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,657 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,853 |
| Total Program Service Revenue | $0 |
| Investment income | $23,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,956 |
| Compensation of current officers, directors, key employees. | $15,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,028 |
| Payroll taxes | $14,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,815 |
| Advertising and promotion | $10,945 |
| Office expenses | $18,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,452 |
| Travel | $644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,184 |
| Insurance | $2,491 |
| All other expenses | $14,302 |
| Total functional expenses | $260,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,769 |
| Savings and temporary cash investments | $3,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,167 |
| Net Land, buildings, and equipment | $4,247 |
| Investments—publicly traded securities | $526,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,268 |
| Other assets | $0 |
| Total assets | $548,962 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $534,378 |
| Temporarily restricted net Assets | $14,584 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $548,962 |