MIKEY'S WAY FOUNDATION INC

EIN: 203825973 501(c)(3) Philanthropy & Grantmaking

FAIRFIELD, CT

Total Revenue
$285,211
Total Expenses
$313,493
Total Assets
$343,754
Net Assets
$343,754
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CT
Principal Officer
LESLIE FRIEDMAN
Phone
2038730671
Tax Period
2022-01-01 to 2022-12-31

MIKEY'S WAY FOUNDATION INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $285K in total revenue in fiscal year 2022.

Mission

TO ENRICH THE LIVES OF CHILDREN SUFFERING FROM CANCER AND OTHER LIFE-THREATENING ILLNESSES. THE FOUNDATION STRIVES TO CREATE CONNECTION AND DIVERSION TO HELP CHILDREN FACE THE EMOTIONAL AND PHYSICAL HARDSHIPS OF LONG-TERM, DEBILITATING TREATMENT.

Program Service Accomplishments

Program 1
Expenses: $25,611

MIKEY'S WAY DAY: A MIKEY'S WAY DAY IS WHEN WE VISIT SELECT HOSPITALS TO DISTRIBUTE WI-FI READY, PORTABLE, ELECTRONIC DEVICES TO CHILDREN UNDERGOING LONG-TERM TREATMENT FOR CANCER AND OTHER...

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MIKEY'S WAY DAY: A MIKEY'S WAY DAY IS WHEN WE VISIT SELECT HOSPITALS TO DISTRIBUTE WI-FI READY, PORTABLE, ELECTRONIC DEVICES TO CHILDREN UNDERGOING LONG-TERM TREATMENT FOR CANCER AND OTHER LIFE-THREATENING ILLNESSES. WE GO ROOM TO ROOM WITH OUR "CONNECTION CART", MEETING EACH CHILD FOR AN INDIVIDUAL ONE ON ONE EXPERIENCE. THE CHILDREN THEN PICK THE ELECTRONIC DEVICE THAT WORKS BEST FOR THEM. THE GIFT IS THEIRS TO KEEP. WE ARE INSPIRED BY OUR FOUNDER'S VISION TO CREATE AN ATMOSPHERE OF HOPE, EXCITEMENT AND ENCOURAGEMENT FOR PATIENTS AND THEIR FAMILIES AS THEY STRUGGLE THROUGH THE MISERY OF LONG-TERM TREATMENT.BY KEEPING YOUNG MINDS ACTIVE IN SOMETHING THEY ENJOY AND CONNECTED TO FRIENDS AND LOVED ONES, PATIENTS ARE BETTER ABLE TO TOLERATE THE PHYSICAL EFFECTS OF LONG-TREATMENT. INTERNET-READY ELECTRONIC DEVICES HAVE BECOME A VITAL TOOL TO HELP CHILDREN AND TEENS COPE, BY PROVIDING BOTH DIVERSION AND CONNECTION. DEVICES DISTRIBUTED INCLUDE LAPTOP COMPUTERS, TABLETS, IPOD TOUCH, ETC. THESE DEVICES CAN ALSO SERVE AS COUNSELING OPPORTUNITIES FOR HOSPITAL PERSONNEL AS WELL AS A MEANS TO DIRECT CARE-GIVERS TO ACCURATE POST-PROCEDURE CARE. THE NATURE OF THE ELECTRONICS WE DISTRIBUTE ALLOW OUR MIKEY'S WAY DAYS TO HAVE A LASTING IMPACT NOT ONLY ON THE PATIENTS BUT ON THE CAREGIVERS AND HEALTHCARE PROFESSIONALS AS WELL.AN ADDED BENEFIT OF A MIKEY'S WAY DAY IS THE SENSE OF EMPOWERMENT IT PROVIDES TO THE PATIENT. A RECENT ABSTRACT FROM THE US NATIONAL LIBRARY OF MEDICINE SHOWS THAT PATIENT EMPOWERMENT IS A CORE PRINCIPLE OF PATIENT-CENTERED CARE. ALLOWING THE PATIENT TO POSITIVELY AFFECT HIS OR HER OWN HEALTH BEHAVIOR AND HEALTH STATUS AT A TIME WHEN SO MANY OTHER PARTS OF THEIR LIVES ARE OUTSIDE OF THEIR CONTROL CAN HELP IMPROVE OUTCOMES. THE ABSTRACT CONFIRMS THAT EMPOWERMENT INTERVENTIONS MAY ENHANCE PATIENTS' INTERNAL LOCUS OF CONTROL, RESILIENCE, COPING SKILLS, AND SELF-MANAGEMENT OF SYMPTOMS. A CRITICAL COMPONENT OF A MIKEY'S WAY DAY IS ALLOWING THE CHILD TO CHOOSE THE DEVICE WHICH THEY FEEL WILL BEST PROVIDE DIVERSION AND CONNECTION. THIS EMPOWERMENT, COUPLED WITH THE BENEFITS OF DIVERSION AND CONNECTION, POSITIVELY IMPACTS HIS/HER ABILITY TO COPE AT A TIME WHEN THE CHILD AND FAMILY ARE MOST IN NEED.THE EXPERIENCE OF A MIKEY'S WAY DAY IS ALWAYS THERAPEUTIC AND OFTEN TRANSFORMATIONAL!

Program 2
Expenses: $229,475

MIKEY'S WISH LIST:THROUGH THE MIKEY'S WISH LIST PROGRAM, WISHES CAN BE FULFILLED FOR PEDIATRIC PATIENTS WHO COULD NOT BE REACHED ON A MIKEY'S WAY DAY. A CHILD LIFE SPECIALIST WILL ASSIST THE CHILD IN...

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MIKEY'S WISH LIST:THROUGH THE MIKEY'S WISH LIST PROGRAM, WISHES CAN BE FULFILLED FOR PEDIATRIC PATIENTS WHO COULD NOT BE REACHED ON A MIKEY'S WAY DAY. A CHILD LIFE SPECIALIST WILL ASSIST THE CHILD IN COMPLETING A MIKEY'S WISH LIST FORM FOR AN APPROPRIATE ELECTRONIC DEVICE. THE FORM IS EITHER FAXED OR EMAILED TO OUR OFFICE AND THE GIFT IS PACKAGED AND MAILED BACK TO THE PATIENT WITHIN 24 TO 36 HOURS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $284,777
Program Service Revenue $0
Investment Income $434
Other Revenue $0
TOTAL REVENUE $285,211

Expense Breakdown

Grants Paid $102,369
Salaries & Benefits $149,286
Fundraising Expenses $14,591
Program Expenses $255,086
Other Expenses $61,838
TOTAL EXPENSES $313,493

Year-over-Year Comparison

2022 2021 Change
Revenue $285,211 $285,335 0.0%
Expenses $313,493 $330,707 -0.1%
Net Income $-28,282 $-45,372 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$75,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN FRIEDMAN BOARD MEMBER/SECRETARY 2.00
Officer Director
$0 $0 $0
DAN REININGA BOARD MEMBER 2.00
Director
$0 $0 $0
JILLIAN DECK BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL CALLAHAN BOARD MEMBER/TREASURER 2.00
Officer Director
$0 $0 $0
PETER FRIEDMAN BOARD MEMBER 2.00
Director
$0 $0 $0
RYAN KAGELS BOARD MEMBER/CFO 2.00
Officer Director
$0 $0 $0
KEVIN SANDRIDGE BOARD MEMBER 2.00
Director
$0 $0 $0
LESLIE FRIEDMAN CEO/PRESIDENT 40.00
Officer
$75,000 $0 $75,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $285,211 $313,493 $343,754 $-28,282
2021 $285,335 $330,707 $372,036 $-45,372
2020 $313,426 $340,319 $417,408 $-26,893
2019 $498,708 $467,014 $444,301 $31,694
2018 $447,198 $455,732 $412,607 $-8,534
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