Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
THE RED SOX FOUNDATION INC
Employer identification number
33-1007984
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
1,834,425
7,375,120
4,704,253
4,340,042
2,929,270
21,183,110
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
1,834,425
7,375,120
4,704,253
4,340,042
2,929,270
21,183,110
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
3,284,316
6
Public Support. Subtract line 5 from line 4.
17,898,794
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
1,834,425
7,375,120
4,704,253
4,340,042
2,929,270
21,183,110
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
127,822
179,322
106,675
61,062
60,224
535,105
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
21,718,215
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
778,460
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
82.414 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
71.002 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
THE RED SOX FOUNDATION INC
Employer identification number
33-1007984
Identifier
Return Reference
Explanation
FORM 990, SUPPLEMENTAL INFORMATION
PART I, LINE 1 (CONT'D) CHILDREN, WOUNDED VETERANS & THEIR FAMILIES IN NEW ENGLAND. PART I, LINE 5 THE RED SOX FOUNDATION STAFF MEMBERS ARE INITIALLY PAID BY THE BOSTON RED SOX ON A WEEKLY OR BI-MONTHLY BASIS AND THE TEAM HANDLES ALL PAYROLL ISSUES, BUT THE RED SOX FOUNDATION REPAYS THE RED SOX FOR ALL COSTS OF SALARIES AND FULL BENEFITS. SO WHILE RED SOX FOUNDATION STAFF ARE TECHNICALLY EMPLOYED BY THE BOSTON RED SOX, FUNDING FOR THEIR SALARIES AND BENEFITS COMES FROM THE RED SOX FOUNDATION AND THEY WORK ON FOUNDATION PROGRAMS AND PROJECTS, NOT TASKS FOR THE TEAM. THE EXECUTIVE DIRECTOR AND LEGAL COUNSEL HAVE SPECIFIC RESPONSIBILITIES TO THE TEAM, SO A PRORATED PORTION OF THEIR SALARY AND BENEFITS ARE PAID BY THE BOSTON RED SOX WITHOUT REIMBURSEMENT BY THE FOUNDATION. ALL OTHER SALARIES AND BENEFIT EXPENSES FOR THE FOUNDATION STAFF ARE PAID FOR VIA REIMBURSEMENTS MADE BY THE RED SOX FOUNDATION. PART III, LINE 2 IN 2010, THE RED SOX FOUNDATION WAS ABLE TO EXPAND THE SERVICES PROVIDED TO WOUNDED VETERANS AND THEIR FAMILIES THROUGH THE RED SOX FOUNDATION AND MASSACHUSETTS GENERAL HOSPITAL HOME BASE PROGRAM. THE RUN TO HOME BASE, A NEW FUNDRAISING EVENT IN 2010, IS A 9K (5.6 MILE) FUN RUN ENDING WITH A TIMED FINISH IN FRONT OF THE GREEN MONSTER AND A PHOTO FINISH OF RUNNERS CROSSING HOME PLATE AT FENWAY PARK. MORE THAN 2,500 FANS PARTICIPATED IN THE EVENT AND MORE THAN 12,000 FANS CAME TO FENWAY TO WATCH THE RUNNERS AND CHEER THEM ON. THE EVENT WAS SO SUCCESSFUL WE WILL NOW INCLUDE IT AS PART OF OUR ANNUAL FUNDRAISING AND AS A WAY OF PROMOTING THE PROGRAM SO THAT WOUNDED VETERANS WITH TRAUMATIC BRAIN INJURIES AND POST TRAUMATIC STRESS AND THEIR FAMILIES KNOW THEY CAN SEEK FREE AND CONFIDENTIAL CARE FROM THE HOME BASE PROGRAM. PART VI, LINE 2 FOUR OUT OF EIGHT RED SOX FOUNDATION BOARD MEMBERS ARE ALSO PARTNERS OF NEW ENGLAND SPORTS VENTURES. NO CURRENT BOARD MEMBERS HOLD MORE THAN 35% OWNERSHIP OF THE BOSTON RED SOX. PART VI, LINE 9 CHAD GIFFORD CHAIRMAN EMERITUS C/O BANK OF AMERICA 100 FEDERAL STREET, 28TH FLOOR BOSTON, MA 02110 SEAN MCGRAIL C/O NESN 480 ARSENAL ST., BLDG #1 WATERTOWN, MA 02472 PART VI, QUESTION 11A FOUNDATION MANAGEMENT REVIEWS THE FORM PRIOR TO SUBMITTING TO BOARD MEMBERS FOR FINAL REVIEW. THE ORGANIZATION DISTRIBUTES THE FINAL RETURN TO THE RED SOX FOUNDATION BOARD MEMBERS VIA HARD COPY AND EMAIL. THE FINAL VERSION OF FORM 990 IS MADE AVAILABLE TO THE BOARD BEFORE FILING. PART VI, QUESTION 12C THE RED SOX FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY IN EFFECT. BOARD MEMBERS MUST RECUSE THEMSELVES, REFRAINING FROM DISCUSSION AND MUST LEAVE THE ROOM DURING A VOTE ON ANY GRANT THAT INVOLVES A NONPROFIT WHERE THEY SERVE ON THE BOARD OR WHERE A RELATIVE BY BLOOD OR MARRIAGE SERVES AS AN EMPLOYEE, BOARD MEMBER, FUNDRAISER OR OTHER INTERESTED PARTY AFFILIATED WITH THE NONPROFIT UNDER CONSIDERATION FOR A GRANT. BOARD MEMBERS ARE BARRED FROM PARTICIPATING IN GRANT MAKING DECISIONS TO NONPROFITS WHERE THEY OR THEIR CLOSE RELATIVES THROUGH BLOOD OR MARRIAGE ARE AN INTERESTED PARTY. BOARD MEMBERS ARE REMINDED OF THE CONFLICT OF INTEREST POLICY AT EACH BOARD MEETING. THE FOUNDATION ALSO REQUIRES A WRITTEN ANNUAL SURVEY OF BOARD MEMBERS, IN WHICH EACH MEMBER MUST LIST ANY NONPROFIT WHERE THEY HAVE A ROLE OR SIT ON THE BOARD OR WHERE A RELATIVE THROUGH BLOOD OR MARRIAGE SITS ON THE BOARD, IS EMPLOYED BY OR IS AN INTERESTED OR INFLUENTIAL PARTY. BOARD MEMBERS ALSO HAVE A RESPONSIBILITY TO UPDATE THEIR CONFLICT OF INTEREST POLICY FORMS ANNUALLY OR AS NEEDED (WHEN THEY OR A RELATIVE JOINS A NEW NONPROFIT BOARD OR A RELATIVE BECOMES EMPLOYED BY, SERVES AS A FUNDRAISER OR OTHERWISE BECOMES AN INTERESTED PARTY WITH ANY NONPROFIT). BOARD MEMBERS ARE ASKED TO ANNUALLY REFRAIN IN WRITING THEY UNDERSTAND AND RESPECT THIS CONFLICT OF INTEREST POLICY. THIS POLICY IS ALSO FOLLOWED BY THE EXECUTIVE DIRECTOR. PART VI, QUESTION 15A AN OUTSIDE INDEPENDENT COMPANY IS HIRED TO CONDUCT A SURVEY AND EVALUATE AND RECOMMEND THE EXECUTIVE DIRECTOR SALARY EVERY FEW YEARS. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DECIDED BY THE BOSTON RED SOX BECAUSE SHE IS A BOSTON RED SOX EMPLOYEE. THE BOSTON RED SOX PAYS A PORTION OF THE EXECUTIVE DIRECTOR'S SALARY TO COVER WORK DONE THAT IS UNRELATED TO THE TEAM CHARITY. PART VI, QUESTION 15B NONE OF THE FOUNDATION'S BOARD MEMBERS, OTHER THAN THE FOUNDATION'S EXECUTIVE DIRECTOR, RECEIVES ANY COMPENSATION FOR THEIR WORK AS A BOARD MEMBER OF THE FOUNDATION. LIKEWISE, NO BOARD MEMBERS RECEIVE PAYMENT FOR ANY CONSULTING OR PROFESSIONAL SERVICES TO THE FOUNDATION. PART VI, QUESTION 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. REQUESTS CAN BE MADE TO THE FOUNDATION'S EXECUTIVE DIRECTOR. PART VII, HOURS WORKED FOR RELATED ORG A PORTION OF THE EXECUTIVE DIRECTOR'S TIME IS ALLOCATED TO THE BOSTON RED SOX BASEBALL CLUB (RELATED ORGANIZATION). PART XI, LINE 5 NET UNREALIZED GAIN ON INVESTMENTS $44,705 PART XII RED SOX FOUNDATION DOES NOT HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. HOWEVER, THE BOOKS ARE REVIEWED BY RED SOX FOUNDATION TREASURER AND RED SOX CHIEF FINANCIAL OFFICER.
SCHEDULE G
PART II
BELOW PLEASE FIND 2 CHARTS THAT ANSWER IN DETAIL QUESTIONS INCLUDE IN SCHEDULE G PART 2 ABOUT FUNDRAISING EVENTS. THE FIRST CHART INCLUDES DETAILS ABOUT THE RED SOX FOUNDATION'S FUNDRAISING EVENTS IN 2010 INCLUDING GROSS REVENUES, MINUS ALL COSTS OF EVENT, WITH LIST OF SPECIFIC NET AMOUNT RAISED PER EVENT AS COMMONLY REQUESTED. THE SECOND CHART ALSO INCLUDES ACCOUNTING FOR THE AMOUNT OF TAX DEDUCTION GIVEN TO DONORS WHO ATTENDED THE EVENT (THE AMOUNT OF THEIR TICKET PRICE OR DONATION OVER THE ACTUAL MARKET VALUE OF THE EVENT). WHILE THIS 2ND CHART IS MORE CONFUSING TO MOST READERS, WE ARE INFORMED BY OUR TAX PREPARERS THAT THE IRS REQUIRES THIS INFORMATION AS WELL, SO WE WANTED TO BE SURE INCLUDE IT IN DETAIL IN CHART 2, AS REQUIRED. CHART 1 - TRADITIONAL ACCOUNTING ------- EVENT #1: RUN TO HOME BASE GROSS RECEIPTS: $ 2,533,777 LESS CHARITABLE CONTRIBUTIONS: 0 ----------- GROSS REVENUE: $ 2,533,777 OTHER DIRECT EXPENSES: (VENUE, SIGNAGE, TRAVEL, FOOD & BEVERAGE, ETC.) 407,927 ----------- TOTAL $ 2,125,850 EVENT #2: WELCOME HOME DINNER GROSS RECEIPTS: $ 605,031 LESS CHARITABLE CONTRIBUTIONS: 27,966 ----------- GROSS REVENUE: $ 577,065 FOOD AND BEVERAGE 21,063 OTHER DIRECT EXPENSES: (VENUE, SIGNAGE, TRAVEL, FOOD & BEVERAGE, ETC.) 56,632 ----------- TOTAL $ 499,370 ALL OTHER EVENTS: 3 GROSS RECEIPTS: $ 1,005,920 LESS CHARITABLE CONTRIBUTIONS: 107,453 ----------- GROSS REVENUE: $ 898,467 FOOD AND BEVERAGE 8,579 OTHER DIRECT EXPENSES: (VENUE, SIGNAGE, TRAVEL, FOOD & BEVERAGE, ETC.) 181,733 ----------- TOTAL $ 708,155 TOTAL NET INCOME: $ 3,333,375 =========== CHART 2 - IRS REPORTING ------- EVENT #1: RUN TO HOME BASE GROSS RECEIPTS: $ 2,533,777 LESS CHARITABLE CONTRIBUTIONS: 2,533,777 ----------- GROSS REVENUE: $ 0 OTHER DIRECT EXPENSES: (VENUE, SIGNAGE, TRAVEL, FOOD & BEVERAGE, ETC.) 407,927 ----------- TOTAL $ (407,927) EVENT #2: WELCOME HOME DINNER GROSS RECEIPTS: $ 605,031 LESS CHARITABLE CONTRIBUTIONS: 577,065 ----------- GROSS REVENUE: $ 27,966 FOOD AND BEVERAGE 21,063 OTHER DIRECT EXPENSES: (VENUE, SIGNAGE, TRAVEL, FOOD & BEVERAGE, ETC.) 56,632 ----------- TOTAL $ (49,729) ALL OTHER EVENTS: 3 GROSS RECEIPTS: $ 1,005,920 LESS CHARITABLE CONTRIBUTIONS: 898,467 ----------- GROSS REVENUE: $ 107,453 FOOD AND BEVERAGE 8,579 OTHER DIRECT EXPENSES: (VENUE, SIGNAGE, TRAVEL, FOOD & BEVERAGE, ETC.) 181,733 ----------- TOTAL $ (82,859) TOTAL NET INCOME: $ (540,515) ===========
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.