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Nonprofiteer
← GIMMEL FOUNDATION INC

Form 990 for tax year 2023

Filed by GIMMEL FOUNDATION INC.

Totals

Total revenue
$399,799
Total expenses
$308,953
Contributions and grants received
$355,485
Grants paid
$262,583
Program service revenue
$0
Investment income
$44,314
Other revenue
$0
Total assets, end of year
$1,690,176
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,690,176
Program services expenses (Part IX)
$284,083
Management and general expenses
$912
Fundraising expenses
$23,958
Program service expenses (Part III)
$284,083

Program services were 92.0% 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

    $355,485

  • 3 · Investment income

    total $45,972 · excluded $45,972

  • 7a · Gross sales of assets other than inventory

    securities $81,612

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

    securities $83,270

  • 7c · Gain or loss

    securities -$1,658

  • 7d · Net gain or loss

    total -$1,658 · unrelated business -$1,658

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 3 · Grants to foreign organizations and individuals

    total $242,583 · program services $242,583

  • 5 · Compensation of officers, directors and key employees

    total $42,500 · program services $21,500 · fundraising $21,000

  • 13 · Office expenses

    total $120 · management and general $120

  • 17 · Travel

    total $2,958 · fundraising $2,958

  • 19 · Conferences, conventions and meetings

    total $636 · management and general $636

  • 24a · Other expenses: Dues and Subscriptions

    total $81 · management and general $81

  • 24b · Other expenses: Postage and Delivery

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,068 · end of year $176,639

  • 2 · Savings and temporary cash investments

    beginning of year $63,589 · end of year $37,270

  • 11 · Investments: publicly traded securities

    beginning of year $1,157,824 · end of year $1,160,314

  • 12 · Investments: other securities

    beginning of year $283,368 · end of year $315,953

  • 27 · Net assets without donor restrictions

    beginning of year $720,609 · end of year $793,595

  • 28 · Net assets with donor restrictions

    beginning of year $856,240 · end of year $896,581

Mission and programs · 2023

Mission

The Gimmel Foundation has been working for over 25 years in the greater Kiryat Malachi Area in Israel. The Foundation offers a variety of after school programs to the children of the area.

  • The Gimmel Foundation has been working for over 25 years in the greater Kiryst Malachi area in Israel (The Southern Region).The Foundation offers a variety of after school programs to the children of the area. During this time, the Foundation has established after school programs in 13 schools and 14 community centers for new immigrant Ethiopoian and Israeli children; initiated the pyramid teaching/tutoring program; encouraged visits by teachers and tutors to homes of children to help with social problems; distributed food and clothing;maintained a summer day camp. This has resulted in school grades improving and children feeling better about school and particularly their Teachers. In addition, Gimmel has encouraged student community service, integration into local social setting and the acquisition of a work ethic.

    Expenses $264,083 · Grants $242,583

  • Contribution to Dalet Foundation which is similar to the working of the Gimmel Foundation and supports Educational Initiatives in Israel.

    Expenses $20,000 · Grants $20,000

As filed on the 2023 return.

Listed in Part VII

  • Harris Guedalia

    Vice President

    Total calculated
    $42,500
    From this org
    $42,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rose Edinger

    President / Secretary

    Total calculated
    $0
    Hours/week
    2

  • Eitan Kupietzky

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Joshua Guedalia

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stuart Geller

    Vice President

    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
6 November 2024
IRS schema version
2023v5.1
Source object
202433169349301933

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