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Nonprofiteer
← FRIENDS OF LBS INC

Form 990 for tax year 2022

Filed by FRIENDS OF LBS INC.

Totals

Total revenue
$1,886,243
Total expenses
$810,191
Contributions and grants received
$1,151,455
Grants paid
$546,527
Program service revenue
$314,380
Investment income
$420,408
Other revenue
$0
Total assets, end of year
$2,880,720
Total liabilities, end of year
$1,740,017
Net assets or fund balances, end of year
$1,140,703
Program services expenses (Part IX)
$792,192
Management and general expenses
$17,999
Fundraising expenses
$0
Program service expenses (Part III)
$792,192

Program services were 97.8% 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

    $1,151,455

  • 2a · Program service revenue: RENT

    total $314,380 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $420,408 · unrelated business $716 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $546,527 · program services $546,527

  • 11c · Fees: accounting

    total $1,495 · program services $0 · management and general $1,495 · fundraising $0

  • 13 · Office expenses

    total $1,617 · program services $0 · management and general $1,617 · fundraising $0

  • 16 · Occupancy

    total $221,267 · program services $221,267 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $24,398 · program services $24,398 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $12,351 · program services $0 · management and general $12,351 · fundraising $0

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $36 · program services $0 · management and general $36 · fundraising $0

  • 24b · Other expenses: BUSINESS REGISTRATION FEES

    total $2,500 · program services $0 · management and general $2,500 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,640,168 · end of year $2,302,988

  • 7 · Other notes and loans receivable

    beginning of year $10,000 · end of year $10,000

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

    $567,332

  • 10c · Land, buildings and equipment, net

    beginning of year $1,274,597 · end of year $567,332

  • 15 · Other assets

    beginning of year $400 · end of year $400

  • 22 · Loans and payables to officers and key people

    beginning of year $1,730,234 · end of year $1,730,234

  • 25 · Other liabilities

    beginning of year $9,783 · end of year $9,783

  • 27 · Net assets without donor restrictions

    beginning of year $1,225,510 · end of year $1,140,703

  • 28 · Net assets with donor restrictions

    beginning of year -$40,362

Mission and programs · 2022

Mission

TO RAISE PUBLIC FUNDS TO DISTRIBUTE IN THE SUPPORT OF HIGHER EDUCATION OPPORTUNITIES FOR JEWISH YOUTH THROUGH SCHOLARSHIPS AND CHARITABLE GIVING TO EDUCATIOINAL INSTITUTIONS.

  • TO RAISE PUBLIC FUNDS TO DISTRIBUTE IN THE SUPPORT OF HIGHER EDUCATION OPPORTUNITIES FOR JEWISH YOUTH THROUGH SCHOLARSHIPS AND CHARITABLE GIVING TO EDUCATIONAL INSTITUTES.

    Expenses $792,192 · Grants $546,527 · Revenue $1,886,243

As filed on the 2022 return.

Listed in Part VII

  • Leah Aizenman

    REGISTERED AGENT

    Total calculated
    $0
    Hours/week
    0
  • Sara Ginsburg

    SECRETARY

    Total calculated
    $0
    Hours/week
    0
  • Esther Parshan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0
  • Yechiel Michal Butman

    TREASURER

    Total calculated
    $0
    Hours/week
    0
  • Yisroel Wolosow

    DIRECTOR OF SPECIAL INITIATIVES

    Total calculated
    $0
    Hours/week
    0
  • Dvora Biderman

    DEVELOPMENT ADVISOR

    Total calculated
    $0
    Hours/week
    0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 January 2025
IRS schema version
2022v5.0
Source object
202501999349300520

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