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Nonprofiteer
← IRVING I MOSKOWITZ FOUNDATION

Form 990 for tax year 2022

Filed by IRVING I MOSKOWITZ FOUNDATION.

Totals

Total revenue
$9,992,534
Total expenses
$9,040,089
Contributions and grants received
$1,306,498
Grants paid
$5,392,850
Program service revenue
$0
Investment income
$1,248,651
Other revenue
$7,437,385
Total assets, end of year
$51,622,876
Total liabilities, end of year
$100
Net assets or fund balances, end of year
$51,622,776
Program services expenses (Part IX)
$8,725,591
Management and general expenses
$314,498
Fundraising expenses
$0
Program service expenses (Part III)
$8,725,591

Program services were 96.5% 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

    $1,306,498

  • 3 · Investment income

    total $1,248,651 · excluded $1,248,651

  • 6a · Gross rents

    real property $118,815

  • 6b · Less rental expenses

    real property $11,489

  • 6c · Rental income or loss

    real property $107,326

  • 6d · Net rental income or loss

    total $107,326 · excluded $107,326

  • 9a · Gaming: gross income

    $29,231,949

  • 9b · Gaming: direct expenses

    $21,901,890

  • 9c · Net income from gaming

    total $7,330,059 · unrelated business $4,554,488 · excluded $2,775,571

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,392,850 · program services $5,392,850

  • 7 · Other salaries and wages

    total $19,463 · management and general $19,463

  • 10 · Payroll taxes

    total $30,925 · program services $29,379 · management and general $1,546

  • 11b · Fees: legal

    total $1,652 · program services $1,074 · management and general $578

  • 11c · Fees: accounting

    total $54,790 · program services $27,395 · management and general $27,395

  • 13 · Office expenses

    total $20,898 · program services $18,808 · management and general $2,090

  • 16 · Occupancy

    total $1,434,597 · program services $1,277,571 · management and general $157,026

  • 22 · Depreciation, depletion and amortization

    total $302,534 · program services $272,281 · management and general $30,253

  • 24a · Other expenses: SECURITY

    total $737,275 · program services $737,275

  • 24b · Other expenses: LICENSE FEE

    total $424,165 · program services $424,165

  • 24c · Other expenses: LIABILITY INSURANCE

    total $182,602 · program services $182,602

  • 24d · Other expenses: MEDICAL INSURANCE

    total $149,048 · program services $130,417 · management and general $18,631

  • 24e · All other expenses

    total $289,290 · program services $231,774 · management and general $57,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,550,513 · end of year $1,828,012

  • 2 · Savings and temporary cash investments

    beginning of year $85,123 · end of year $100,462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,204 · end of year $6,204

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

    $25,066,205

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

    $4,732,815

  • 10c · Land, buildings and equipment, net

    beginning of year $20,511,851 · end of year $20,333,390

  • 11 · Investments: publicly traded securities

    beginning of year $19,548,128 · end of year $20,379,808

  • 12 · Investments: other securities

    beginning of year $8,975,000 · end of year $8,975,000

  • 25 · Other liabilities

    beginning of year $100 · end of year $100

  • 29 · Capital stock, trust principal or current funds

    beginning of year $50,676,719 · end of year $51,622,776

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO RECEIVE, ADMINISTER, AND DISTRIBUTE FUNDS TO CHARITABLE ORGANIZATIONS FOR EDUCATION, SCIENTIFIC, RELIGIOUS AND CHARITABLE PURPOSES.

Activities or mission (Part I)

FOR EDUCATION, SCIENTIFIC, RELIGIOUS AND CHARITABLE PURPOSES.

  • PROVIDED FUNDING TO NEARLY 100 DIFFERENT CHARITIES, AIDING IN THE FURTHERANCE OF THEIR SCIENTIFIC, RELIGIOUS, CHARITABLE & EDUCATIONAL ENDEAVORS, AND PROVIDED FUNDING TO DEFRAY PUBLIC SAFETY, EDUCATIONAL & RECREATIONAL BURDENS OF A MUNICIPALITY.

    Expenses $8,725,591 · Grants $5,392,850 · Revenue $8,686,036

As filed on the 2022 return.

Listed in Part VII

  • Judith Moskowitz Schultz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Nettie Sarvas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Betty Menachem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oren Ben Ezra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Margolit Moskowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana Spruill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Moskowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cherna Moskowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Hirsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323139349306152

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