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← ENDOWMENT FUND OF MACCABI USA SPORTS FOR ISRAEL INC

Form 990 for tax year 2023

Filed by ENDOWMENT FUND OF MACCABI USA SPORTS FOR ISRAEL INC.

Totals

Total revenue
$8,086,929
Total expenses
$1,086,837
Contributions and grants received
$945,610
Grants paid
$967,992
Program service revenue
$0
Investment income
$7,097,402
Other revenue
$43,917
Total assets, end of year
$23,747,551
Total liabilities, end of year
$437,198
Net assets or fund balances, end of year
$23,310,353
Program services expenses (Part IX)
$967,992
Management and general expenses
$118,845
Fundraising expenses
$0
Program service expenses (Part III)
$967,992

Program services were 89.1% 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

    $945,610

  • 3 · Investment income

    total $832,442 · excluded $832,442

  • 6a · Gross rents

    real property $4,926

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,926

  • 6d · Net rental income or loss

    total $4,926 · excluded $4,926

  • 7a · Gross sales of assets other than inventory

    securities $22,873,947

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

    securities $16,608,987

  • 7c · Gain or loss

    securities $6,264,960

  • 7d · Net gain or loss

    total $6,264,960 · excluded $6,264,960

  • 11a · Other revenue: BAD DEBT RECOVERY

    total $38,991 · excluded $38,991

  • 11e · Other revenue, total

    $38,991

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $867,992 · program services $867,992

  • 3 · Grants to foreign organizations and individuals

    total $100,000 · program services $100,000

  • 11c · Fees: accounting

    total $17,190 · management and general $17,190

  • 11f · Fees: investment management

    total $58,271 · management and general $58,271

  • 11g · Fees: other

    total $40,662 · management and general $40,662

  • 23 · Insurance

    total $400 · management and general $400

  • 24a · Other expenses: BANK CHARGES

    total $2,322 · management and general $2,322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,260 · end of year $137,800

  • 3 · Pledges and grants receivable

    beginning of year $2,542,754 · end of year $553,429

  • 4 · Accounts receivable

    beginning of year $27,689 · end of year $32,615

  • 11 · Investments: publicly traded securities

    beginning of year $17,508,091 · end of year $22,484,407

  • 15 · Other assets

    beginning of year $544,159 · end of year $539,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,774 · end of year $257,580

  • 25 · Other liabilities

    beginning of year $0 · end of year $179,618

  • 27 · Net assets without donor restrictions

    beginning of year $1,458,408 · end of year $1,323,310

  • 28 · Net assets with donor restrictions

    beginning of year $19,295,771 · end of year $21,987,043

Mission and programs · 2023

Mission

THE ORGANIZATION IS RESPONSIBLE FOR RAISING FUNDS, FOR MAINTAINING FUNDS, AND FOR INVESTING AND MANAGING THOSE ENDOWMENT FUNDS CONTRIBUTED IN ORDER TO SUPPORT QUALIFIED, CHARITABLE ORGANIZATIONS.

Activities or mission (Part I)

RAISING AND MAINTAINING FUNDS AND FOR INVESTING AND MANAGING THOSE ENDOWMENT FUNDS CONTRIBUTED.

  • GRANTS GIVEN TO QUALIFIED 501(C)(3) ORGANIZATIONS.

    Expenses $967,992 · Grants $967,992

As filed on the 2023 return.

Listed in Part VII

  • NANCY NEFF

    CHAIRMAN AND PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JOEL ROODYN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEPHEN BERLINER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JOEL MAGERMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • JEFFREY BUKANTZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • JED MARGOLIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349311902

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