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Nonprofiteer
← ALEF FUND INC

Form 990 for tax year 2022

Filed by ALEF FUND INC.

Totals

Total revenue
$6,190,879
Total expenses
$5,979,085
Contributions and grants received
$3,551,864
Grants paid
$5,704,807
Program service revenue
$0
Investment income
$98,035
Other revenue
$2,540,980
Total assets, end of year
$10,252,828
Total liabilities, end of year
$9,719,515
Net assets or fund balances, end of year
$533,313
Program services expenses (Part IX)
$5,712,427
Management and general expenses
$251,338
Fundraising expenses
$15,320
Program service expenses (Part III)
$5,712,427

Program services were 95.5% 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

    $3,551,864

  • 3 · Investment income

    total $98,035 · excluded $98,035

  • 11a · Other revenue: LITIGATION SETTLEMENT

    total $2,400,000 · excluded $2,400,000

  • 11b · Other revenue: MISC INCOME

    total $140,980 · related or exempt $140,980

  • 11e · Other revenue, total

    $2,540,980

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $156,580 · program services $156,580

  • 2 · Grants to domestic individuals

    total $5,548,227 · program services $5,548,227

  • 11c · Fees: accounting

    total $13,500 · management and general $13,500

  • 11d · Fees: lobbying

    total $7,200 · management and general $7,200

  • 11g · Fees: other

    total $36,395 · management and general $36,395

  • 12 · Advertising and promotion

    total $3,393 · fundraising $3,393

  • 13 · Office expenses

    total $300 · management and general $300

  • 14 · Information technology

    total $44,074 · management and general $44,074

  • 16 · Occupancy

    total $50,000 · management and general $50,000

  • 17 · Travel

    total $216 · management and general $216

  • 23 · Insurance

    total $3,712 · management and general $3,712

  • 24a · Other expenses: CREDIT CARD PROCESSING

    total $80,290 · management and general $80,290

  • 24b · Other expenses: SCHOLARSHIP ADMINISTRAT

    total $33,130 · program services $7,620 · management and general $13,583 · fundraising $11,927

  • 24c · Other expenses: SERVICE CHARGES

    total $2,068 · management and general $2,068

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,107,377 · end of year $10,252,828

  • 17 · Accounts payable and accrued expenses

    end of year $2,352

  • 18 · Grants payable

    beginning of year $9,724,585 · end of year $9,697,172

  • 25 · Other liabilities

    beginning of year $61,273 · end of year $19,991

  • 27 · Net assets without donor restrictions

    beginning of year $321,519 · end of year $533,313

Mission and programs · 2022

Mission

THE ALEF FUND WILL PROVIDE SCHOLARSHIPS TO PRE-KINDERGARTEN, KINDERGARTEN, PRIMARY OR SECONDARY PUBLIC SCHOOL STUDENTS FROM LOW TO MIDDLE INCOME FAMILIES WHO WISH TO ATTEND JEWISH SCHOOLS IN THE STATE OF GEORGIA. THE GUIDING PRINCIPLE OF ALEF'S WORK IS TO IMPROVE AFFORDABILITY OF JEWISH EDUCATION THROUGH AWARDING SCHOLARSHIPS TO ELIGIBLE STUDENTS. IT IS ALEF'S GOAL TO RAISE AS MUCH MONEY AS POSSIBLE AND MAKE IT EASILY ACCESSIBLE TO THOSE WHO NEED IT.

Activities or mission (Part I)

PROVIDING SCHOLARSHIPS TO QUALIFYING STUDENTS OF ATLANTA AREA JEWISH SCHOOLS

  • PROVIDING SCHOLARSHIP FUNDS TO 743 STUDENTS OF EIGHTEEN GEORGIA JEWISH DAY SCHOOLS IN ACCORDANCE WITH TITLE 20 CHAPTER 2A AND TITLE 48 CHAPTER 7 OF THE OFFICIAL CODE OF GEORGIA ANNOTATED AND APPLICABLE REGULATIONS PROMULGATED BY THE GEORGIA DEPARTMENT OF REVENUE.

    Expenses $5,555,847 · Grants $5,548,227 · Revenue $140,980

  • GRANTS TO OTHER STUDENT SCHOLARSHIP ORGANIZATIONS

    Expenses $156,580 · Grants $156,580

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephanie Wyatt

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Levitan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rachel Rosner

    SECRETARY/TREASURER

    Total calculated
    $63,720
    From this org
    $0
    From related orgs
    $63,720
    Other
    $0
    Hours/week
    1 + 40 related

  • Steve Skor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Koransky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Tessler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marci Joel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Berry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202400329349300505

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