Totals
- Total revenue
- $2,713,768
- Total expenses
- $1,461,062
- Contributions and grants received
- $2,727,402
- Grants paid
- $1,093,879
- Program service revenue
- $0
- Investment income
- $11,810
- Other revenue
- -$25,444
- Total assets, end of year
- $4,677,010
- Total liabilities, end of year
- $59,462
- Net assets or fund balances, end of year
- $4,617,548
- Program services expenses (Part IX)
- $1,093,879
- Management and general expenses
- $155,707
- Fundraising expenses
- $211,476
- Program service expenses (Part III)
- $1,093,879
Program services were 74.9% 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.
-
1c · Fundraising events
$38,189
-
1f · All other contributions, gifts and grants
$2,689,213
-
1g · Noncash contributions included above
$330,735
-
3 · Investment income
total $49,086 · excluded $49,086
-
7a · Gross sales of assets other than inventory
securities $514,756
-
7b · Less cost or other basis and sales expenses
securities $552,032
-
7c · Gain or loss
securities -$37,276
-
7d · Net gain or loss
total -$37,276 · excluded -$37,276
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$38,189
-
8b · Fundraising events: direct expenses
$25,444
-
8c · Net income from fundraising events
total -$25,444 · excluded -$25,444
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,093,879 · program services $1,093,879
-
5 · Compensation of officers, directors and key employees
total $174,593 · management and general $33,553 · fundraising $141,040
-
7 · Other salaries and wages
total $24,000 · management and general $5,108 · fundraising $18,892
-
10 · Payroll taxes
total $13,761 · management and general $1,097 · fundraising $12,664
-
11c · Fees: accounting
total $32,500 · management and general $32,500
-
11f · Fees: investment management
total $9,473 · management and general $9,473
-
11g · Fees: other
total $49,408 · management and general $49,368 · fundraising $40
-
12 · Advertising and promotion
total $26,259 · fundraising $26,259
-
13 · Office expenses
total $11,668 · management and general $9,987 · fundraising $1,681
-
17 · Travel
total $7,710 · fundraising $7,710
-
19 · Conferences, conventions and meetings
total $1,752 · fundraising $1,752
-
23 · Insurance
total $2,011 · management and general $2,011
-
24a · Other expenses: LOSS ON UNCOLLECTIBLE P
total $5,250 · management and general $5,250
-
24e · All other expenses
total $8,798 · management and general $7,360 · fundraising $1,438
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,225,834 · end of year $1,320,222
-
3 · Pledges and grants receivable
beginning of year $207,175 · end of year $1,385,573
-
9 · Prepaid expenses and deferred charges
beginning of year $113 · end of year $123
-
11 · Investments: publicly traded securities
beginning of year $2,046,621 · end of year $1,786,566
-
12 · Investments: other securities
beginning of year $196,411 · end of year $184,526
-
17 · Accounts payable and accrued expenses
beginning of year $36,363 · end of year $59,462
-
27 · Net assets without donor restrictions
beginning of year $878,595 · end of year $1,466,489
-
28 · Net assets with donor restrictions
beginning of year $2,761,196 · end of year $3,151,059
Mission and programs · 2022
Mission
FRIENDS OF OFANIM, INC. IS A NON-PROFIT ORGANIZATION WHOSE PRINCIPAL PURPOSE IS TO PROMOTE EDUCATIONAL OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN AND OTHERS. FRIENDS OF OFANIM RAISES AWARENESS OF OFANIM, A CHARITABLE ORGANIZATION FORMED UNDER THE LAWS OF THE STATE OF ISRAEL THAT PROVIDES EDUCATIONAL OPPORTUNITIES TO ECONOMICALLY DISADVANTAGED CHILDREN AND OTHER PERSONS IN ISRAEL, AND MAKES GRANTS TO OFANIM AND OTHER CHARITABLE ORGANIZATIONS THAT PROVIDE SUCH EDUCATIONAL OPPORTUNITIES, AS AND WHEN IDENTIFIED AND APPROVED BY THE BOARD OF DIRECTORS.
Activities or mission (Part I)
TO PROMOTE EDUCATIONAL OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN AND OTHERS
-
IN FURTHERANCE OF FRIENDS OF OFANIM'S EXEMPT PURPOSE OF PROVIDING EDUCATIONAL OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED CHILDREN AND OTHERS, FRIENDS OF OFANIM MAKES GRANTS TO OFANIM, A NON-PROFIT EDUCATIONAL ORGANIZATION IN ISRAEL, TO PAY SPECIFIED EXPENSES APPROVED BY FRIENDS OF OFANIM'S BOARD OF DIRECTORS. EXPENSES FUNDED BY GRANTS FROM FRIENDS OF OFANIM INCLUDE THE COST OF RETROFITTING USED BUSES INTO MOBILE CLASSROOMS AND EMPLOYING STAFF THAT DELIVER SUPPLEMENTAL EDUCATIONAL INSTRUCTION TO APPROXIMATELY 1,400 STUDENTS LIVING IN UNDERSERVED AND REMOTE NEIGHBORHOODS IN ISRAEL'S FARTHEST PERIPHERIES. PROGRAMS INCLUDE ROBOTICS, MATH, SCIENCE, COMPUTERS, 3D PRINTING AND A YOUNG DOCTORS PROGRAM, AS WELL AS PILOT PROGRAM CALLED REACHING FARTHER.
Expenses $1,093,879 · Grants $1,093,879
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Paul SilberbergPAUL SILBERBERG
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 7.5
-
Angelica BerrieANGELICA BERRIE
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 7.5
-
Edward BaumsteinEDWARD BAUMSTEIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Ruth NewmanRUTH NEWMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Arie CohenARIE COHEN
BOARD MEMBER (UNTIL 9/2022)
- Total calculated
- $0
- Hours/week
- 0.25
-
Haim Emil DahanHAIM EMIL DAHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Mark FishmanMARK FISHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Ken GoldblattKEN GOLDBLATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Charles GwirtsmanCHARLES GWIRTSMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Oded HadomiODED HADOMI
BOARD MEMBER (UNTIL 8/2022)
- Total calculated
- $0
- Hours/week
- 0.25
-
Faye KimerlingFAYE KIMERLING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Toren KutnickTOREN KUTNICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Yoav ShiffmanYOAV SHIFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Peter WrightPETER WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Boaz OzeryBOAZ OZERY
EXECUTIVE DIRECTOR
- Total calculated
- $171,093
- From this org
- $144,000
- From related orgs
- $0
- Other
- $27,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $27,093
- Filer's total
- $171,093
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342999349301219
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