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Nonprofiteer
← GARY KLAUSNER CHESED FUND INC

Form 990 for tax year 2023

Filed by GARY KLAUSNER CHESED FUND INC.

Totals

Total revenue
$1,264,944
Total expenses
$1,329,240
Contributions and grants received
$1,250,786
Grants paid
$1,311,002
Program service revenue
$0
Investment income
$14,158
Other revenue
$0
Total assets, end of year
$1,057,173
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,057,173
Program services expenses (Part IX)
$1,316,464
Management and general expenses
$8,426
Fundraising expenses
$4,350
Program service expenses (Part III)
$1,316,464

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,250,786

  • 3 · Investment income

    total $14,158 · unrelated business $14,158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,000 · program services $75,000

  • 2 · Grants to domestic individuals

    total $1,236,002 · program services $1,236,002

  • 12 · Advertising and promotion

    total $4,350 · fundraising $4,350

  • 24a · Other expenses: FOOD STORAGE EXPENSE

    total $5,462 · program services $5,462

  • 24b · Other expenses: BANK CHARGES & CREDIT C

    total $5,195 · management and general $5,195

  • 24c · Other expenses: INSURANCE

    total $1,245 · management and general $1,245

  • 24d · Other expenses: OFFICE EXPENSES

    total $1,161 · management and general $1,161

  • 24e · All other expenses

    total $825 · management and general $825

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $621,469 · end of year $534,915

  • 2 · Savings and temporary cash investments

    beginning of year $500,000 · end of year $514,158

  • 7 · Other notes and loans receivable

    end of year $8,100

  • 27 · Net assets without donor restrictions

    beginning of year $1,121,469 · end of year $1,057,173

Mission and programs · 2023

Mission

To raise funds in order to provide food and financial assistance to needy individuals residing in the Passaic-Clifton area.

Activities or mission (Part I)

To raise funds in order to provide food and financial assistance to needy individuals and families residing in the Passaic-Clifton area.

  • To raise funds in order to purchase food and other essentials to be distributed to needy individuals residing in the Passaic-Clifton area.

    Expenses $740,584 · Grants $735,122

  • To provide critical financial assistance to needy families

    Expenses $358,235 · Grants $358,235

  • To subsidize the cost of summer camp for qualified families

    Expenses $217,645 · Grants $217,645

As filed on the 2023 return.

Listed in Part VII

  • Yonah Feder

    SECETARY

    Total calculated
    $0
    Hours/week
    2

  • Aaron Foxbruner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Eli Stoll

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Yona Katz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • KOOL KIDS PASSAIC

    $35,000

    TO HELP THE ORGANIZATION FULFILL THIER MISSION BY PROVIDING FINANICAL ASSISTANCE

  • AHAVAS CHESED

    $25,000

    TO HELP THE ORGANIZATION FULFILL THIER MISSION BY PROVIDING FINANICAL ASSISTANCE

  • THE PASSAIC CHILL INC

    $15,000

    TO HELP THE ORGANIZATION FULFILL THIER MISSION BY PROVIDING FINANICAL ASSISTANCE

Provenance

Return type
form_990
Tax year
2023
Filed
29 November 2024
IRS schema version
2023v5.1
Source object
202403379349300010

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