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← ALEF FUND INC

Form 990 for tax year 2023

Filed by ALEF FUND INC.

Totals

Total revenue
$395
Total expenses
$533,708
Contributions and grants received
$0
Grants paid
$514,277
Program service revenue
$0
Investment income
$395
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$514,277
Management and general expenses
$19,431
Fundraising expenses
$0
Program service expenses (Part III)
$514,277

Program services were 96.4% 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.

  • 3 · Investment income

    total $395 · excluded $395

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $513,882 · program services $513,882

  • 2 · Grants to domestic individuals

    total $395 · program services $395

  • 11c · Fees: accounting

    total $14,500 · management and general $14,500

  • 11g · Fees: other

    total $2,903 · management and general $2,903

  • 24a · Other expenses: SERVICE CHARGES

    total $1,066 · management and general $1,066

  • 24b · Other expenses: CREDIT CARD PROCESSING

    total $962 · management and general $962

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,252,828 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,352

  • 18 · Grants payable

    beginning of year $9,697,172

  • 25 · Other liabilities

    beginning of year $19,991 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $533,313 · end of year $0

Mission and programs · 2023

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

  • GRANT FOR THE PURPOSE OF CONTINUING TO PROMOTE THE SCHOLARSHIP PROGRAM.

    Expenses $513,882 · Grants $513,882

  • PROVIDING SCHOLARSHIP FUNDS TO 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 $395 · Grants $395

As filed on the 2023 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
    $63,502
    From this org
    $0
    From related orgs
    $63,502
    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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202520159349301122

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