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Nonprofiteer
← AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY INC

Form 990 for tax year 2022

Filed by AMERICAN FRIENDS OF THE TEL AVIV UNIVERSITY INC.

Totals

Total revenue
$36,048,482
Total expenses
$40,718,630
Contributions and grants received
$34,142,824
Grants paid
$33,266,095
Program service revenue
$973,368
Investment income
$932,290
Other revenue
$0
Total assets, end of year
$108,437,486
Total liabilities, end of year
$9,166,067
Net assets or fund balances, end of year
$99,271,419
Program services expenses (Part IX)
$33,966,885
Management and general expenses
$2,796,169
Fundraising expenses
$3,955,576
Program service expenses (Part III)
$33,966,885

Program services were 83.4% 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.

  • 1f · All other contributions, gifts and grants

    $34,142,824

  • 1g · Noncash contributions included above

    $370,504

  • 2a · Program service revenue: OVERSEAS STUDENT FEES

    total $973,368 · related or exempt $973,368

  • 3 · Investment income

    total $1,392,957 · excluded $1,392,957

  • 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 $12,842,586

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

    securities $13,303,253

  • 7c · Gain or loss

    securities -$460,667

  • 7d · Net gain or loss

    total -$460,667 · excluded -$460,667

  • 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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $7,014 · program services $7,014

  • 3 · Grants to foreign organizations and individuals

    total $33,259,081 · program services $33,259,081

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,472,997 · management and general $632,950 · fundraising $840,047

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,660,838 · program services $385,692 · management and general $751,209 · fundraising $1,523,937

  • 8 · Pension plan contributions

    total $157,754 · program services $23,371 · management and general $40,205 · fundraising $94,178

  • 9 · Other employee benefits

    total $399,027 · program services $52,883 · management and general $98,225 · fundraising $247,919

  • 10 · Payroll taxes

    total $302,468 · program services $29,505 · management and general $98,284 · fundraising $174,679

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $34,501 · management and general $34,501

  • 11c · Fees: accounting

    total $131,244 · program services $30,250 · management and general $100,994

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $222,524 · management and general $222,524

  • 11g · Fees: other

    total $52,523 · management and general $37,600 · fundraising $14,923

  • 12 · Advertising and promotion

    total $169,505 · management and general $70,466 · fundraising $99,039

  • 13 · Office expenses

    total $184,673 · program services $29,733 · management and general $55,788 · fundraising $99,152

  • 14 · Information technology

    total $285,246 · program services $71,273 · management and general $77,044 · fundraising $136,929

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $472,770 · program services $30,000 · management and general $159,425 · fundraising $283,345

  • 17 · Travel

    total $218,736 · program services $28,387 · management and general $68,538 · fundraising $121,811

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $263,944 · program services $13,740 · management and general $90,089 · fundraising $160,115

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $37,032 · management and general $13,334 · fundraising $23,698

  • 23 · Insurance

    total $70,200 · program services $5,956 · management and general $23,132 · fundraising $41,112

  • 24a · Other expenses: DIRECT MAIL CAMPAIGN

    total $74,646 · fundraising $74,646

  • 24b · Other expenses: CC PROCESSING AND OTHER FEES

    total $241,907 · management and general $221,861 · fundraising $20,046

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $689,634 · end of year $425,602

  • 2 · Savings and temporary cash investments

    beginning of year $6,185,204 · end of year $6,075,135

  • 3 · Pledges and grants receivable

    beginning of year $48,797,743 · end of year $45,198,707

  • 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 $111,755 · end of year $768,098

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

    $404,023

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

    $235,014

  • 10c · Land, buildings and equipment, net

    beginning of year $188,146 · end of year $169,009

  • 11 · Investments: publicly traded securities

    beginning of year $43,970,757 · end of year $50,615,219

  • 12 · Investments: other securities

    beginning of year $6,382 · end of year $598,962

  • 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 $1,870,041 · end of year $4,586,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $322,490 · end of year $345,784

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,104,787 · end of year $4,228,109

  • 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 $1,889,713 · end of year $4,592,174

  • 27 · Net assets without donor restrictions

    beginning of year $1,344,907 · end of year $1,824,098

  • 28 · Net assets with donor restrictions

    beginning of year $95,157,765 · end of year $97,447,321

Mission and programs · 2022

Mission

AMERICAN FRIENDS OF TEL AVIV UNIVERSITY (AFTAU) RAISES AWARENESS AND FUNDS TO SUPPORT TEL AVIV UNIVERSITY (TAU) AND ADVANCE ITS THREE-PART MISSION OF EDUCATION, RESEARCH AND COMMUNITY BUILDING IN THE US. AFTAU SHARES THE INNOVATIVE WORK THE UNIVERSITY CONTRIBUTES TO THE WORLD AND BUILDS BRIDGES BETWEEN THE US AND ISRAEL.

Activities or mission (Part I)

DEVELOPMENT AND ADVANCEMENT OF HIGHER EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE.

  • RESEARCH IN MANY DIFFERENT AREAS INCLUDING PARKINSON'S, ALZHEIMERS'S, AND CANCER. FACULTY RECRUITMENT FOSTERS UNDERSTANDING AND OPENS NEW LINES OF COMMUNICATION AND DIALOGUE.

    Expenses $18,780,113 · Grants $18,079,323 · Revenue $973,368

  • SCHOLARSHIPS, FELLOWSHIPS, CONSTRUCTION MONIES AND GENERAL DONATION FOR HIGHER EDUCATION: HAVE ENABLED THOUSANDS OF STUDENTS TO STUDY AT TAU. DIRECTED GIFTS IN SUPPORT OF SPECIFIC FACULTIES AT TAU ALLOWED THE UNIVERSITY TO MAINTAIN ITS HIGH STANDARDS. DEDICATED GIFTS FUNDED THE CONSTRUCTION OF NEW AND/OR UPDATED DENTAL SCHOOL FACILITIES, PRESIDENTIAL SCHOLARSHIPS, YIDDISH LANGUAGE STUDIES, GENERAL SCHOLARSHIPS, THE BUSINESS SCHOOL, FACULTY RECRUITMENT, SUPPORT OF THE INSTITUTE FOR STRATEGIC STUDIES, CONFLICT RESOLUTION WORKSHOPS, CONSTRUCTION OF NEW DORMS TO ACCOMODATE THE GROWING STUDENT BODY, THE MINERVA CENTER OF THE HUMANITIES, STUDENT SERVICES AND THE CONSTRUCTION OF ISRAEL'S FIRST MUSEUM DEDICATED TO HOUSING ISRAEL'S LARGEST COLLECTION OF NATURAL HISTORY.

    Expenses $14,646,772 · Grants $14,646,772

  • SCIENTIFIC RESEARCH AND COMPUTER SCIENCE: AFTAU RECEIVES DESIGNATED SUPPORT FOR TOP TIER SCIENTIFIC RESEARCH BEING PERFORMED AT TAU. RESEARCH IN CANCER, ALZHEIMERS, PARKINSON'S, ALS, ORPHAN DISEASES, DRUG DISCOVERY, AND WORLD FOOD SUPPLY ISSUES. ADDITIONALLY, CUTTING EDGE RESEARCH IN NANOSCIENCE, BIO-CYBERNETICS, CYBER SECURITY AND RESEARCH, ALTERNATIVE ENERGY AND OTHER NEXT GENERATION TECHNOLOGIES ARE ALSO BEING PURSUED.

    Expenses $540,000 · Grants $540,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Gross

    CEO

    Total calculated
    $467,621
    From this org
    $450,240
    From related orgs
    $0
    Other
    $17,381
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $449,208
    Bonus
    not reported
    Other
    $1,032
    Deferred
    $15,250
    Nontaxable benefits
    $2,131
    Filer's total
    $467,621

  • Ahron Wein

    CFO

    Total calculated
    $375,367
    From this org
    $306,931
    From related orgs
    $0
    Other
    $68,436
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $305,899
    Bonus
    not reported
    Other
    $1,032
    Deferred
    $30,500
    Nontaxable benefits
    $37,936
    Filer's total
    $375,367

  • Julie Lipsett-Singer

    Development Officer

    Total calculated
    $353,207
    From this org
    $307,591
    From related orgs
    $0
    Other
    $45,616
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $306,559
    Bonus
    not reported
    Other
    $1,032
    Deferred
    $15,250
    Nontaxable benefits
    $30,366
    Filer's total
    $353,207

  • Joanna Naftali

    Associate VP, Midwest Region

    Total calculated
    $248,153
    From this org
    $202,461
    From related orgs
    $0
    Other
    $45,692
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $202,101
    Bonus
    not reported
    Other
    $360
    Deferred
    $10,123
    Nontaxable benefits
    $35,569
    Filer's total
    $248,153

  • Carolyn Steinberg

    Associate VP, North CA Region

    Total calculated
    $245,222
    From this org
    $207,549
    From related orgs
    $0
    Other
    $37,673
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $205,695
    Bonus
    not reported
    Other
    $1,854
    Deferred
    $12,448
    Nontaxable benefits
    $25,225
    Filer's total
    $245,222

  • Kelly Grunther

    Chief Marketing Officer

    Total calculated
    $240,655
    From this org
    $195,375
    From related orgs
    $0
    Other
    $45,280
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $194,343
    Bonus
    not reported
    Other
    $1,032
    Deferred
    $9,769
    Nontaxable benefits
    $35,511
    Filer's total
    $240,655

  • Juan Dircie

    South America Rep

    Total calculated
    $202,046
    From this org
    $172,818
    From related orgs
    $0
    Other
    $29,228
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $172,450
    Bonus
    not reported
    Other
    $368
    Deferred
    $8,641
    Nontaxable benefits
    $20,587
    Filer's total
    $202,046

  • Jennifer Young

    Vice President, Planned Giving

    Total calculated
    $200,269
    From this org
    $179,804
    From related orgs
    $0
    Other
    $20,465
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $179,444
    Bonus
    not reported
    Other
    $360
    Deferred
    $10,788
    Nontaxable benefits
    $9,677
    Filer's total
    $200,269

  • Yael Apt

    Associate VP, Southern CA

    Total calculated
    $190,762
    From this org
    $169,096
    From related orgs
    $0
    Other
    $21,666
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $168,544
    Bonus
    not reported
    Other
    $552
    Deferred
    $8,455
    Nontaxable benefits
    $13,211
    Filer's total
    $190,762

  • Garry Rayant

    Chairman

    Total calculated
    $0
    Hours/week
    24

  • Michael Shaoul

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Ralph Mandell

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Marc Abramowitz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ofer Alon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ricki Alon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gil Arie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Aufzien

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leslie Benitah

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yosi Benlevi

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan Cohn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Arturo Constantiner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Phil Darivoff

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Elia

    Director

    Total calculated
    $0
    Hours/week
    1

  • Clement Erbmann

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Kathy Fields-Rayant

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Allen Finkelstein

    Director

    Total calculated
    $0
    Hours/week
    1

  • Abbie Friedman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Anita Friedman

    Director

    Total calculated
    $0
    Hours/week
    2

  • Nomi Ghez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maya Kadar Kovalsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Harold Kaplan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Behzad Kianmahd

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Leit

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joan Lessing

    Director

    Total calculated
    $0
    Hours/week
    1

  • Norman Lipoff

    Director

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Dr Daniel Nazarian

    Director

    Total calculated
    $0
    Hours/week
    1

  • Noga Niv

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shira Ronen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Harvey Rothenberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Marc Rothman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Timothy Schlindwein

    Director

    Total calculated
    $0
    Hours/week
    3

  • Miri Segal-Scharia

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alan Silberstein

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edith Simchi-Levi

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Steinberger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Rada Sumareva

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sara Summers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aaron Tartakovsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marina Tikhman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Luba Troyanovsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dr Murray Zucker

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Lowy

    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. 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 committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202441359349310624

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