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Nonprofiteer
← MABAS FUND INC

Form 990 for tax year 2022

Filed by MABAS FUND INC.

Totals

Total revenue
$5,690,640
Total expenses
$5,678,225
Contributions and grants received
$5,690,629
Grants paid
$5,529,219
Program service revenue
$0
Investment income
$11
Other revenue
$0
Total assets, end of year
$888,666
Total liabilities, end of year
$337,931
Net assets or fund balances, end of year
$550,735
Program services expenses (Part IX)
$5,568,579
Management and general expenses
$63,799
Fundraising expenses
$45,847
Program service expenses (Part III)
$5,568,579

Program services were 98.1% 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

    $5,690,629

  • 3 · Investment income

    total $11 · excluded $11

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,529,219 · program services $5,529,219

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 11g · Fees: other

    total $39,360 · program services $39,360

  • 12 · Advertising and promotion

    total $45,847 · fundraising $45,847

  • 13 · Office expenses

    total $9,444 · management and general $9,444

  • 22 · Depreciation, depletion and amortization

    total $1,740 · management and general $1,740

  • 24a · Other expenses: CREDIT CARD PROCESSING

    total $32,536 · management and general $32,536

  • 24b · Other expenses: AUTOMOBILE

    total $12,223 · management and general $12,223

  • 24c · Other expenses: BANK FEES

    total $2,891 · management and general $2,891

  • 24d · Other expenses: TELEPHONE

    total $2,335 · management and general $2,335

  • 24e · All other expenses

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $804,395 · end of year $371,589

  • 7 · Other notes and loans receivable

    beginning of year $33,512 · end of year $517,077

  • 10a · Land, buildings and equipment: cost or other basis

    $33,600

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,600

  • 10c · Land, buildings and equipment, net

    beginning of year $1,740

  • 24 · Unsecured notes and loans payable

    beginning of year $297,786 · end of year $327,536

  • 25 · Other liabilities

    beginning of year $3,541 · end of year $10,395

  • 27 · Net assets without donor restrictions

    beginning of year $538,320 · end of year $550,735

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT FOR NEEDY FAMILIES IN THE COMMUNITY AND MAINTAIN AN EDUCATIONAL PROGRAM ADVANCING TALMUDIC STUDIES.

  • THE ORGANIZATION IS ORGANIZED TO SUPPORT AND ASSIST NEEDY FAMILIES IN THE COMMUNITY AND TO ADVANCE TALMUDIC STUDIES BY CREATING AN ENDOWMENT FUND WHICH PROVIDES GRANTS AND FINANCIAL AID TO NEEDY STUDENTS.

    Expenses $5,568,579 · Grants $5,529,219

As filed on the 2022 return.

Listed in Part VII

  • Michael Bauman

    OFFICER

    Total calculated
    $0
    Hours/week
    3
  • Yaakov Harari

    OFFICER

    Total calculated
    $0
    Hours/week
    3
  • Nathan Zelikovitz

    OFFICER

    Total calculated
    $0
    Hours/week
    0.25

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202333199349331633

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