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Nonprofiteer
← WESTERN WALL HERITAGE FOUNDATION INC

Form 990 for tax year 2022

Filed by WESTERN WALL HERITAGE FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 5 January 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total assets, end of year
$28,015,880 changed to $27,897,998
Net assets or fund balances, end of year
$27,997,880 changed to $27,879,998

Totals

Total revenue
$11,224,981
Total expenses
$6,871,868
Contributions and grants received
$11,282,418
Grants paid
$5,778,500
Program service revenue
$0
Investment income
-$57,437
Other revenue
$0
Total assets, end of year
$28,015,880
Total liabilities, end of year
$18,000
Net assets or fund balances, end of year
$27,997,880
Program services expenses (Part IX)
$5,790,572
Management and general expenses
$249,752
Fundraising expenses
$831,544
Program service expenses (Part III)
$5,790,572

Program services were 84.3% 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

    $11,282,418

  • 3 · Investment income

    total $613,926 · excluded $613,926

  • 7a · Gross sales of assets other than inventory

    securities $7,957,709

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

    securities $8,629,072

  • 7c · Gain or loss

    securities -$671,363

  • 7d · Net gain or loss

    total -$671,363 · excluded -$671,363

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $5,778,500 · program services $5,778,500

  • 5 · Compensation of officers, directors and key employees

    total $565,386 · management and general $56,539 · fundraising $508,847

  • 10 · Payroll taxes

    total $13,079 · management and general $1,308 · fundraising $11,771

  • 11c · Fees: accounting

    total $18,125 · management and general $18,125

  • 11f · Fees: investment management

    total $96,885 · management and general $96,885

  • 11g · Fees: other

    total $7,334 · program services $4,620 · fundraising $2,714

  • 13 · Office expenses

    total $20,613 · management and general $15,460 · fundraising $5,153

  • 16 · Occupancy

    total $24,406 · management and general $12,203 · fundraising $12,203

  • 17 · Travel

    total $135,431 · management and general $16,252 · fundraising $119,179

  • 22 · Depreciation, depletion and amortization

    total $45,624 · management and general $22,812 · fundraising $22,812

  • 23 · Insurance

    total $3,249 · management and general $1,624 · fundraising $1,625

  • 24a · Other expenses: Campaign Mail

    total $148,240 · management and general $7,412 · fundraising $140,828

  • 24b · Other expenses: Telephone and Internet

    total $7,544 · management and general $1,132 · fundraising $6,412

  • 24c · Other expenses: Other

    total $7,452 · program services $7,452

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $147,382 · end of year $50,000

  • 2 · Savings and temporary cash investments

    beginning of year $7,643,238 · end of year $6,508,087

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

    $1,627,994

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

    $92,027

  • 10c · Land, buildings and equipment, net

    beginning of year $1,581,591 · end of year $1,535,967

  • 11 · Investments: publicly traded securities

    beginning of year $13,850,189 · end of year $18,452,411

  • 15 · Other assets

    beginning of year $1,905,404 · end of year $1,469,415

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,500 · end of year $18,000

  • 27 · Net assets without donor restrictions

    beginning of year $25,086,304 · end of year $27,997,880

Mission and programs · 2022

Mission

The primary mission of the Foundation is to provide funding for archaelogical restorations in conjunction with the Western Wall, Jerusalem, Israel and provide educational services.

  • Educational Services - In 2022, the Foundation brought many youths and adults to take tours of the Western Wall tunnels.

    Expenses $3,479,172 · Grants $3,467,100

  • Archaelogical Restoration - Discovered many ritual baths dating back to the time of the second temple.

    Expenses $2,311,400 · Grants $2,311,400

As filed on the 2022 return.

Listed in Part VII

  • Joseph Loshinsky

    President

    Total calculated
    $539,230
    From this org
    $235,900
    From related orgs
    $0
    Other
    $303,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,900
    Bonus
    not reported
    Other
    not reported
    Deferred
    $264,095
    Nontaxable benefits
    $39,235
    Filer's total
    $539,230

  • Steven Hochbaum

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jay Marcus

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Isaac Applbaum

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rafael Konikov

    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. 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 · Form 990 of other organizations
  • 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
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349324429

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