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Nonprofiteer
← TAMID ISRAEL INVESTMENT GROUP LTD

Form 990 for tax year 2023

Filed by TAMID ISRAEL INVESTMENT GROUP LTD.

Totals

Total revenue
$3,508,059
Total expenses
$3,287,058
Contributions and grants received
$3,219,936
Grants paid
$0
Program service revenue
$217,104
Investment income
$48,336
Other revenue
$22,683
Total assets, end of year
$2,138,612
Total liabilities, end of year
$684,182
Net assets or fund balances, end of year
$1,454,430
Program services expenses (Part IX)
$2,210,817
Management and general expenses
$563,916
Fundraising expenses
$512,325
Program service expenses (Part III)
$2,210,817

Program services were 67.3% 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

    $3,219,936

  • 2a · Program service revenue: PROGRAM FEES

    total $217,104 · related or exempt $217,104

  • 3 · Investment income

    total $44,290 · excluded $44,290

  • 7a · Gross sales of assets other than inventory

    securities $22,663

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

    securities $18,617

  • 7c · Gain or loss

    securities $4,046

  • 7d · Net gain or loss

    total $4,046 · excluded $4,046

  • 11a · Other revenue: FOREIGN EXCHANGE GAIN

    total $22,043 · excluded $22,043

  • 11b · Other revenue: MISCELLANEOUS

    total $640 · excluded $640

  • 11e · Other revenue, total

    $22,683

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $358,386 · program services $94,824 · management and general $193,733 · fundraising $69,829

  • 7 · Other salaries and wages

    total $860,125 · program services $466,633 · management and general $64,543 · fundraising $328,949

  • 8 · Pension plan contributions

    total $16,940 · program services $7,732 · management and general $2,139 · fundraising $7,069

  • 9 · Other employee benefits

    total $112,033 · program services $61,716 · management and general $19,155 · fundraising $31,162

  • 10 · Payroll taxes

    total $84,608 · program services $41,572 · management and general $15,080 · fundraising $27,956

  • 11b · Fees: legal

    total $3,876 · program services $3,560 · management and general $316

  • 11c · Fees: accounting

    total $75,855 · management and general $75,855

  • 11f · Fees: investment management

    total $188 · management and general $188

  • 11g · Fees: other

    total $1,073,938 · program services $1,001,645 · management and general $71,927 · fundraising $366

  • 12 · Advertising and promotion

    total $8,852 · program services $6,004 · management and general $2,848

  • 13 · Office expenses

    total $46,792 · program services $24,907 · management and general $17,182 · fundraising $4,703

  • 14 · Information technology

    total $133,214 · program services $74,090 · management and general $53,274 · fundraising $5,850

  • 16 · Occupancy

    total $9,074 · management and general $9,074

  • 17 · Travel

    total $396,642 · program services $358,833 · management and general $12,927 · fundraising $24,882

  • 19 · Conferences, conventions and meetings

    total $83,525 · program services $67,394 · management and general $4,738 · fundraising $11,393

  • 23 · Insurance

    total $17,639 · management and general $17,639

  • 24a · Other expenses: REGISTRATION FEES

    total $3,237 · program services $41 · management and general $3,196

  • 24b · Other expenses: DONATIONS

    total $1,124 · program services $722 · management and general $402

  • 24c · Other expenses: MAINTENANCE

    total $1,007 · program services $1,007

  • 24d · Other expenses: EDUCATIONAL MATERIALS

    total $314 · program services $57 · management and general $229 · fundraising $28

  • 24e · All other expenses

    total -$311 · program services $80 · management and general -$529 · fundraising $138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $698,409 · end of year $355,312

  • 2 · Savings and temporary cash investments

    beginning of year $175,669 · end of year $1,018,749

  • 3 · Pledges and grants receivable

    beginning of year $325,748 · end of year $266,020

  • 4 · Accounts receivable

    beginning of year $649,111 · end of year $294,498

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,529 · end of year $95,568

  • 11 · Investments: publicly traded securities

    beginning of year $94,587 · end of year $108,465

  • 17 · Accounts payable and accrued expenses

    beginning of year $461,347 · end of year $408,933

  • 25 · Other liabilities

    beginning of year $343,203 · end of year $275,249

  • 27 · Net assets without donor restrictions

    beginning of year $1,057,766 · end of year $1,178,281

  • 28 · Net assets with donor restrictions

    beginning of year $161,737 · end of year $276,149

Mission and programs · 2023

Mission

TAMID GROUP FACILITATES EXPERIENTIAL EDUCATION AND CULTIVATES RELATIONSHIPS TO CREATE A STRONG, LASTING CONNECTION TO ISRAEL FOR EMERGING PROFESSIONALS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • FELLOWSHIP: A SUMMER INTERNSHIP AND SIGHTSEEING EXPERIENCE IN ISRAEL FOR TAMID STUDENTS.

    Expenses $1,033,757 · Revenue $208,647

  • CAMPUS: TAMID CHAPTERS OFFER ISRAEL-FOCUSED BUSINESS CLASSES, CONSULTING PROJECTS, AND INVESTMENT RESEARCH PROJECTS FOR COLLEGE STUDENTS.

    Expenses $583,772 · Revenue $1,814

  • COMPANY RELATIONS: BUILDING A COMMUNITY OF ISRAELI COMPANIES THAT PROVIDE EXPERIENTIAL LEARNING OPPORTUNITIES TO STUDENTS.

    Expenses $344,218

  • PRO: PROGRAMS FOR POST-COLLEGE TAMID MEMBERS TO LEARN ABOUT ISRAEL AND DEVELOP AS BUSINESS LEADERS.

    Expenses $249,070 · Revenue $6,643

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Max Heller

    DIRECTOR UNTIL 01/2024, THEN CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Diana Tapper

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Emily Sharko

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Victoria Benaroya

    DIRECTOR UNTIL 01/2024

    Total calculated
    $0
    Hours/week
    2

  • Yasha Brudno

    DIRECTOR UNTIL 01/2024

    Total calculated
    $0
    Hours/week
    2

  • Miles Kuhn

    DIRECTOR AS OF 02/2024

    Total calculated
    $0
    Hours/week
    2

  • Jacob Ner-David

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Ribakoff

    DIRECTOR AS OF 10/2023

    Total calculated
    $0
    Hours/week
    2

  • Sandy Rubenstein

    DIRECTOR UNTIL 01/2024

    Total calculated
    $0
    Hours/week
    2

  • Shawna Sliwowicz

    DIRECTOR AS OF 02/2024

    Total calculated
    $0
    Hours/week
    2

  • Perry Steiner

    DIRECTOR AS OF 01/2024

    Total calculated
    $0
    Hours/week
    2

  • Jonah Heilman

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $181,868
    From this org
    $162,411
    From related orgs
    $0
    Other
    $19,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,411
    Bonus
    $0
    Other
    $0
    Deferred
    $10,557
    Nontaxable benefits
    $8,900
    Filer's total
    $181,868

  • Nathan Gilson

    COO (ACTING CEO, OCT 2023-FEB 2024)

    Total calculated
    $154,514
    From this org
    $135,567
    From related orgs
    $0
    Other
    $18,947
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,567
    Bonus
    $0
    Other
    $0
    Deferred
    $7,071
    Nontaxable benefits
    $11,876
    Filer's total
    $154,514

  • Rachel Philipson

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $152,197
    From this org
    $135,490
    From related orgs
    $0
    Other
    $16,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,990
    Bonus
    $7,500
    Other
    $0
    Deferred
    $6,925
    Nontaxable benefits
    $9,782
    Filer's total
    $152,197

  • Alec Deer

    SENIOR DIRECTOR OF STRATEGIC GIFTS

    Total calculated
    $114,155
    From this org
    $101,625
    From related orgs
    $0
    Other
    $12,530
    Hours/week
    40

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ISRAEL-BASED EMPLOYEES ARE ELIGIBLE FOR A $50/MONTH FITNESS STIPEND. USA-BASED EMPLOYEES MAY RECEIVE A $75/MONTH FITNESS STIPEND, WHICH IS ADDED TO THEIR TAXABLE INCOME. ALL INDIVIDUALS LISTED IN PART VII, SECTION A, RECEIVED THIS BENEFIT.
PART I, LINE 7
THE DEVELOPMENT TEAM'S BONUSES ARE CONTINGENT ON ACHIEVING CERTAIN GOALS FOR DEVELOPMENT-DRIVEN REVENUE. THESE EMPLOYEES REPORTED IN PART VII, SECTION A, RECEIVED BONUSES RELATED TO ACHIEVEMENT OF DEVELOPMENT DEPARTMENT REVENUES: RACHEL PHILIPSON - $7,500 ALEC DEER - $2,500

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
2023
Filed
8 July 2025
IRS schema version
2023v6.0
Source object
202521899349300812

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