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Nonprofiteer
← AHARON SOFER MEMORIAL FUND INC

Form 990 for tax year 2023

Filed by AHARON SOFER MEMORIAL FUND INC.

Totals

Total revenue
$342,237
Total expenses
$333,042
Contributions and grants received
$342,237
Grants paid
$212,927
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,647,587
Total liabilities, end of year
$1,552,147
Net assets or fund balances, end of year
$1,095,440
Program services expenses (Part IX)
$275,601
Management and general expenses
$34,878
Fundraising expenses
$22,563
Program service expenses (Part III)
$275,601

Program services were 82.8% 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

    $342,237

  • 1g · Noncash contributions included above

    $8,400

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,023 · program services $47,023

  • 2 · Grants to domestic individuals

    total $98,682 · program services $98,682

  • 3 · Grants to foreign organizations and individuals

    total $67,222 · program services $67,222

  • 7 · Other salaries and wages

    total $27,000 · program services $0 · management and general $27,000 · fundraising $0

  • 10 · Payroll taxes

    total $2,254 · program services $0 · management and general $2,254 · fundraising $0

  • 11g · Fees: other

    total $1,842 · program services $0 · management and general $1,842 · fundraising $0

  • 12 · Advertising and promotion

    total $22,563 · program services $0 · management and general $0 · fundraising $22,563

  • 13 · Office expenses

    total $3,359 · program services $0 · management and general $3,359 · fundraising $0

  • 23 · Insurance

    total $423 · program services $0 · management and general $423 · fundraising $0

  • 24a · Other expenses: BOOKS EXPENSE

    total $52,624 · program services $52,624 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $10,050 · program services $10,050 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,660 · end of year $56,809

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

    $2,590,778

  • 10c · Land, buildings and equipment, net

    beginning of year $1,571,512 · end of year $2,590,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,300 · end of year $12,420

  • 23 · Secured mortgages and notes payable

    beginning of year $530,910 · end of year $819,461

  • 24 · Unsecured notes and loans payable

    beginning of year $75,118 · end of year $720,266

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,077,844 · end of year $1,095,440

Mission and programs · 2023

Mission

TO HAVE A HOSPITALITY HOME IN LAKEWOOD, NEW JERSEY. ADDITIONALLY, TO PROVIDE ASSISTANCE TO LOW INCOME FAMILIES.

  • CHARITABLE ASSISTANCE TO LOW INCOME FAMILIES.

    Expenses $275,601

As filed on the 2023 return.

Listed in Part VII

  • Meir Gelley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mechel Gruss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Zev M Sofer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202413189349303316

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