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Nonprofiteer
← THE EVERFUND INC

Form 990 for tax year 2022

Filed by THE EVERFUND INC.

Totals

Total revenue
$261,773
Total expenses
$552,298
Contributions and grants received
$0
Grants paid
$200
Program service revenue
$261,773
Investment income
$0
Other revenue
$0
Total assets, end of year
$28
Total liabilities, end of year
$839,337
Net assets or fund balances, end of year
-$839,309
Program services expenses (Part IX)
$268,825
Management and general expenses
$283,473
Fundraising expenses
$0
Program service expenses (Part III)
$268,825

Program services were 48.7% 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.

  • 2a · Program service revenue: FIDUCIARY AND TRUST FE

    total $261,773 · related or exempt $261,773

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200 · program services $200

  • 5 · Compensation of officers, directors and key employees

    total $215,462 · program services $107,731 · management and general $107,731

  • 7 · Other salaries and wages

    total $88,507 · program services $88,507

  • 9 · Other employee benefits

    total $19,669 · program services $19,669

  • 10 · Payroll taxes

    total $18,757 · program services $12,072 · management and general $6,685

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $60,267 · management and general $60,267

  • 12 · Advertising and promotion

    total $7,077 · management and general $7,077

  • 13 · Office expenses

    total $26,176 · program services $26,176

  • 14 · Information technology

    total $32,062 · management and general $32,062

  • 16 · Occupancy

    total $28,940 · program services $14,470 · management and general $14,470

  • 17 · Travel

    total $13,702 · management and general $13,702

  • 20 · Interest

    total $23,372 · management and general $23,372

  • 23 · Insurance

    total $3,107 · management and general $3,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,409 · end of year $28

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,263 · end of year $45,307

  • 23 · Secured mortgages and notes payable

    beginning of year $499,900 · end of year $500,000

  • 24 · Unsecured notes and loans payable

    beginning of year $141,030 · end of year $294,030

  • 27 · Net assets without donor restrictions

    beginning of year -$548,784 · end of year -$839,309

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES ADVICE TO THE POOR, ILL, AGED, DISABLED AND MENTALLY CHALLENGED AS TO HOW TO BECOME MEDICAID ELIGIBLE AND BE ELIGIBLE FOR GOVERNMENTAL AID GRANTS. ADDITIONALLY, THE ORGANIZATION ASSISTS THEM TO APPLY FOR MEDICAID AND OTHER GOVERNMENTAL AID GRANTS AND ACCOMPANY THEM AT MEDICAID HEARINGS.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES SERVICES TO THE DISABLED POPULATION BY ADMINISTERING A POOLED SPECIAL NEEDS TRUST FOR DISABLED INDIVIDUALS WHO CANNOT CARE FOR THEMSELVES.

  • THE ORGANIZATION GENERATES REVENUE FROM MANAGING POOLED MEDICAID TRUSTS SERVICE PROGRAMS FOR THE BENEFIT OF DISABLED AND SPECIAL NEEDS INDIVIDUALS IN NEW YORK. THE ORGANIZATION WAS ESTABLISHED TO MANAGE POOLED MEDICAID TRUSTS PURSUANT TO NY SOCIAL SERVICES LAW SECTION 366(2)(B)(2)(III)(B).

    Expenses $268,825 · Grants $200 · Revenue $261,773

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

Listed in Part VII

  • Jacob Spitzer

    EXECUTIVE DIRECTOR

    Total calculated
    $215,462
    From this org
    $198,077
    From related orgs
    $0
    Other
    $17,385
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $198,077
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,385
    Filer's total
    $215,462

  • Yoel Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aharon Schwartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eliezer Sputz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chaim Lunger

    TREASURER

    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 · 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
30 October 2023
IRS schema version
2022v5.0
Source object
202303039349301365

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