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Nonprofiteer
← SEPHARDIC HERITAGE MUSEUM INC

Form 990 for tax year 2023

Filed by SEPHARDIC HERITAGE MUSEUM INC.

Totals

Total revenue
$5,012,321
Total expenses
$5,767,959
Contributions and grants received
$4,851,797
Grants paid
$1,773,461
Program service revenue
$0
Investment income
$164,562
Other revenue
-$4,038
Total assets, end of year
$15,222,365
Total liabilities, end of year
$3,338,467
Net assets or fund balances, end of year
$11,883,898
Program services expenses (Part IX)
$5,119,315
Management and general expenses
$648,644
Fundraising expenses
$0
Program service expenses (Part III)
$5,119,315

Program services were 88.8% 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

    $4,851,797

  • 3 · Investment income

    total $28,508

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

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $23,077,318

  • 7b · Less cost or other basis and sales expenses

    securities $22,941,264

  • 7c · Gain or loss

    securities $136,054

  • 7d · Net gain or loss

    total $136,054

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total -$3,670

  • 11b · Other revenue: CAPITAL GAIN FROM PARTNERSHIP

    total -$368

  • 11e · Other revenue, total

    -$4,038

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,773,461 · program services $1,773,461

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $446,805 · program services $379,784 · management and general $67,021

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $33,688 · program services $28,635 · management and general $5,053

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $58,014 · management and general $58,014

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $57,008 · program services $48,457 · management and general $8,551

  • 13 · Office expenses

    total $201 · program services $171 · management and general $30

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $55,538 · program services $47,207 · management and general $8,331

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,475 · program services $4,654 · management and general $821

  • 24a · Other expenses: CONSULTING FEES

    total $2,995,468 · program services $2,546,148 · management and general $449,320

  • 24b · Other expenses: TELEPHONE

    total $2,457 · program services $2,088 · management and general $369

  • 24c · Other expenses: POSTAGE AND DELIVERY

    total $1,327 · program services $1,128 · management and general $199

  • 24d · Other expenses: RENT

    total $25,800 · program services $21,930 · management and general $3,870

  • 24e · All other expenses

    total $312,717 · program services $265,652 · management and general $47,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,280 · end of year $0

  • 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 $298,376 · end of year $351,642

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,426 · end of year $11,407

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

    $97,384

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

    $97,350

  • 10c · Land, buildings and equipment, net

    beginning of year $34 · end of year $34

  • 11 · Investments: publicly traded securities

    beginning of year $2,408,414 · end of year $2,456,000

  • 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 $12,412,445 · end of year $12,403,282

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,264,093 · end of year $3,338,467

  • 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 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,016,882 · end of year $11,883,898

Mission and programs · 2023

Mission

MAINTAINING AND PUBLICLY DISPLAYING OBJECTS OF HISTORICAL AND CULTURAL SIGNIFICANCE AS WELL AS PROVIDING CRITICAL AND TIMELY FINANCIAL SUPPORT TO ISRAELI ORGANIZATIONS ADDRESSING URGENT NEEDS ARISING FROM CONFLICT AND CRISIS.

Activities or mission (Part I)

MAINTAINING AND PUBLICLY DISPLAYING OBJECTS OF HISTORICAL AND CULTURAL SIGNIFICANCE, AS WELL AS PROVIDING CRITICAL AND TIMELY FINANCIAL SUPPORT TO ISRAELI ORGANIZATIONS.

  • IT MAINTAINS AND PUBLICLY DISPLAYS OBJECTS OF HISTORICAL, CULTURAL, AND RELIGIOUS SIGNIFICANCE TO PERSONS WITH SEPHARDIC JEWISH DESCENT AND THEIR HERITAGE. IN ADDITION, IT PROVIDES CRITICAL AND TIMELY FINANCIAL SUPPORT TO ISRAELI ORGANIZATIONS ADDRESSING URGENT NEEDS ARISING FROM CONFLICT AND CRISIS, INCLDING HUMANITARIAN AID, SECURITY ASSISTANCE, AND TRAUMA RELIEF, WHILE FOSTERING LONG TERM RECOVERY AND RESILIENCE.

    Expenses $5,119,315

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aryeh Wiesenfeld

    EMPLOYEE

    Total calculated
    $101,475
    From this org
    $101,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    35
  • Joseph J Sitt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Gabe Zeitouni

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Morris Missry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

  • American Committee for Sanz

    $353,579

    GENERAL SUPPORT

  • Aish Hachaim

    $225,000

    GENERAL SUPPORT

  • Congregation Yeshiva Yad Moish

    $217,417

    GENERAL SUPPORT

  • Atalef Foundation

    $200,000

    GENERAL SUPPORT

  • Sephardic Food Fund Inc

    $140,500

    GENERAL SUPPORT

  • YAD YOSEF INC

    $125,100

    GENERAL SUPPORT

  • American Jewish Committee

    $100,000

    GENERAL SUPPORT

  • Yeshivat Darche Eres Inc

    $52,000

    GENERAL SUPPORT

  • MIKDASH ELIYAHU SYNAGOGUE

    $35,207

    GENERAL SUPPORT

  • Cong Torah Lodaas Ateres Shimon

    $31,883

    GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349316165

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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