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Nonprofiteer
← JGIVE-FRIENDS OF ASOR FUND USA INC

Form 990 for tax year 2023

Filed by JGIVE-FRIENDS OF ASOR FUND USA INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 5 September 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$53,607,255
Total expenses
$53,585,693
Contributions and grants received
$53,273,158
Grants paid
$52,907,875
Program service revenue
$0
Investment income
$334,097
Other revenue
$0
Total assets, end of year
$5,902,541
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,902,541
Program services expenses (Part IX)
$52,907,875
Management and general expenses
$8,438
Fundraising expenses
$669,380
Program service expenses (Part III)
$52,907,875

Program services were 98.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $53,273,158

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $334,097 · related or exempt $0 · unrelated business $0 · excluded $334,097

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $795,000 · program services $795,000

  • 3 · Grants to foreign organizations and individuals

    total $52,112,875 · program services $52,112,875

  • 11c · Fees: accounting

    total $1,320 · program services $0 · management and general $1,320 · fundraising $0

  • 23 · Insurance

    total $7,118 · program services $0 · management and general $7,118 · fundraising $0

  • 24a · Other expenses: Bank and Merchant Processing Fees

    total $669,380 · program services $0 · management and general $0 · fundraising $669,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,856,730 · end of year $5,852,340

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $24,249 · end of year $50,201

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,880,979 · end of year $5,902,541

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Our primary program, JGive, involves development and implementation of a new, advanced social donations platform, established with the aim of facilitating donations in a reliable, quick and safe way. Use of this innovative platform results in the greatest possible percentage of each donation being transferred directly to the charitable organization for which the money has been donated.

Activities or mission (Part I)

To encourage philanthropy worldwide, by locating nonprofit organizations in the Jewish world which aim to fulfill exclusively charitable purposes and present them to donors via an advanced technological platform.

  • Provided over $52M in grant funding to charities in Israel, in support of their exclusively charitable programs, via the Asor Fund.

    Expenses $52,112,875 · Grants $52,112,875

  • Provided grant funding to U.S.-based Jewish organizations.

    Expenses $795,000 · Grants $795,000

As filed on the 2023 return.

Listed in Part VII

  • Ori Ben Shlomo

    President

    Total calculated
    $111,000
    From this org
    $0
    From related orgs
    $0
    Other
    $111,000
    Hours/week
    7 + 42 related

  • Yosef Segal

    Treasurer

    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

Provenance

Return type
form_990
Tax year
2023
Filed
5 September 2024
IRS schema version
2023v5.0
Source object
202422979349301497

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