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Nonprofiteer
← ISRAEL-AMERICA ACADEMIC EXCHANGE

Form 990 for tax year 2023

Filed by ISRAEL-AMERICA ACADEMIC EXCHANGE.

Totals

Total revenue
$2,672,380
Total expenses
$1,867,172
Contributions and grants received
$2,619,247
Grants paid
$0
Program service revenue
$0
Investment income
$53,133
Other revenue
$0
Total assets, end of year
$2,406,854
Total liabilities, end of year
$102,327
Net assets or fund balances, end of year
$2,304,527
Program services expenses (Part IX)
$1,671,606
Management and general expenses
$135,350
Fundraising expenses
$60,216
Program service expenses (Part III)
$1,671,606

Program services were 89.5% 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

    $2,619,247

  • 3 · Investment income

    total $52,487 · excluded $52,487

  • 7a · Gross sales of assets other than inventory

    securities $28,203

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

    securities $27,557

  • 7c · Gain or loss

    securities $646

  • 7d · Net gain or loss

    total $646 · excluded $646

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $284,889 · program services $219,364 · management and general $37,036 · fundraising $28,489

  • 6 · Compensation of disqualified persons

    total $57,116 · program services $43,979 · management and general $7,425 · fundraising $5,712

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $19,896 · program services $15,320 · management and general $2,586 · fundraising $1,990

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $37,447 · management and general $37,447

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $7,009 · management and general $7,009

  • 11g · Fees: other

    total $150,944 · program services $150,544 · management and general $226 · fundraising $174

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $22,856 · program services $7,356 · management and general $15,147 · fundraising $353

  • 14 · Information technology

    total $8,770 · program services $2,823 · management and general $5,812 · fundraising $135

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $167,743 · program services $147,426 · fundraising $20,317

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $329,266 · program services $329,266

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $35,181 · program services $11,873 · management and general $22,662 · fundraising $646

  • 24a · Other expenses: ALUMNI PROGRAM EXPENSES

    total $233,431 · program services $233,431

  • 24b · Other expenses: MISSION PROGRAM EXPENSES

    total $231,023 · program services $231,023

  • 24c · Other expenses: FOOD AND CATERING

    total $202,092 · program services $199,692 · fundraising $2,400

  • 24d · Other expenses: LOGISTICS EXPENSES

    total $79,509 · program services $79,509

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $516,523 · end of year $609,740

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $744,959

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,758 · end of year $46,672

  • 11 · Investments: publicly traded securities

    beginning of year $975,409 · end of year $1,005,483

  • 17 · Accounts payable and accrued expenses

    beginning of year $159,810 · end of year $102,327

  • 27 · Net assets without donor restrictions

    beginning of year $1,127,880 · end of year $1,369,568

  • 28 · Net assets with donor restrictions

    beginning of year $325,000 · end of year $934,959

Mission and programs · 2023

Mission

ISRAEL-AMERICA ACADEMIC EXCHANGE IAAE IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO DEEPEN THE UNDERSTANDING OF ISRAEL AND THE MIDDLE EAST WITHIN THE INTERNATIONAL ACADEMIC COMMUNITY. THE ORGANIZATION ORGANIZES EDUCATIONAL MISSIONS AND EXCHANGES AND CARRIES OUT CHARITABLE, ACTIVITIES ASSOCIATED WITH THIS GOAL AS ALLOWED BY LAW.

Activities or mission (Part I)

ISRAEL-AMERICA ACADEMIC EXCHANGE IAAE IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE STUDY IN ISRAEL BY COLLEGE AND UNIVERSITY PROFESSORS BY CONTINUED ON SCHEDULE O

  • MISSION PROGRAM IN 2023 IAAE MOUNTED 4 MISSIONS TO ISRAEL FOR PROFESSORS OF INTERNATIONAL RELATIONS AND POLITICAL SCIENCE, AND 1 FOR PROFESSORS OF INTERNATIONAL NATIONAL SECURITY LAW AND THE LAWS OF ARMED CONFLICT. DURING THE YEAR, THE TOTAL NUMBER OF PARTICIPANTS WAS 98.

    Expenses $1,133,160

  • ALUMNI PROGRAM THE ORGANIZATION MOUNTED A ROBUST SCHEDULE OF FOLLOW-UP PROGRAMMING, INCLUDING AN ALUMNI RETREAT, WEBINARS, REUNIONS, DISTRIBUTION OF CURRICULAR MATERIALS, AND A RECEPTION WITH THE ISRAELI AMBASSADOR TO THE UNITED STATES. DURING THE YEAR, THE TOTAL NUMBER OF PARTICIPANTS WAS 250.

    Expenses $538,446

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Braverman

    CEO/ED

    Total calculated
    $284,861
    From this org
    $202,125
    From related orgs
    $0
    Other
    $82,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,125
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,400
    Nontaxable benefits
    $39,363
    Filer's total
    $284,888

  • Judith Goldstein

    DIRECTOR

    Total calculated
    $5,550
    From this org
    $5,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Samuel Victor

    CHAIRMAN/DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Robert Mandel

    SECRETARY/CFO

    Total calculated
    $0
    Hours/week
    2

  • Emuna Braverman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Emiliano Calemzuk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mitchell R Julis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Tsesarsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

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. 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

  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

Part 1 Line 3
THE BOARD REVIEWS THE EXECUTIVE DIRECTORS SALARY ANNUALLY.

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.

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
24 July 2024
IRS schema version
2023v5.1
Source object
202412069349301441

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