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Nonprofiteer
← ITREK INC

Form 990 for tax year 2022

Filed by ITREK INC.

Totals

Total revenue
$17,826,915
Total expenses
$13,832,983
Contributions and grants received
$14,411,188
Grants paid
$255,774
Program service revenue
$3,159,823
Investment income
$255,904
Other revenue
$0
Total assets, end of year
$13,971,379
Total liabilities, end of year
$368,595
Net assets or fund balances, end of year
$13,602,784
Program services expenses (Part IX)
$11,263,411
Management and general expenses
$1,672,028
Fundraising expenses
$897,544
Program service expenses (Part III)
$11,263,411

Program services were 81.4% 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

    $14,411,188

  • 2a · Program service revenue: TRIP PARTICIPANT FEES

    total $3,159,796 · related or exempt $3,159,796

  • 2b · Program service revenue: PROGRAM SERVICE INCOME OTHER

    total $27 · related or exempt $27

  • 3 · Investment income

    total $255,904 · excluded $255,904

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $189,892 · program services $189,892

  • 2 · Grants to domestic individuals

    total $19,500 · program services $19,500

  • 3 · Grants to foreign organizations and individuals

    total $46,382 · program services $46,382

  • 5 · Compensation of officers, directors and key employees

    total $1,072,611 · program services $544,994 · management and general $283,289 · fundraising $244,328

  • 7 · Other salaries and wages

    total $1,612,188 · program services $819,153 · management and general $425,798 · fundraising $367,237

  • 8 · Pension plan contributions

    total $43,628 · program services $22,167 · management and general $11,523 · fundraising $9,938

  • 9 · Other employee benefits

    total $223,153 · program services $113,384 · management and general $58,938 · fundraising $50,831

  • 10 · Payroll taxes

    total $223,922 · program services $113,775 · management and general $59,140 · fundraising $51,007

  • 11b · Fees: legal

    total $124,068 · management and general $124,068

  • 11c · Fees: accounting

    total $16,250 · management and general $16,250

  • 11g · Fees: other

    total $685,103 · program services $381,773 · management and general $268,005 · fundraising $35,325

  • 12 · Advertising and promotion

    total $62,426 · program services $62,426

  • 13 · Office expenses

    total $142,835 · management and general $121,110 · fundraising $21,725

  • 16 · Occupancy

    total $212,407 · program services $107,924 · management and general $56,099 · fundraising $48,384

  • 17 · Travel

    total $160,829 · management and general $92,060 · fundraising $68,769

  • 23 · Insurance

    total $28,985 · management and general $28,985

  • 24a · Other expenses: GRADUATE PROG. BUSINESS

    total $3,265,903 · program services $3,265,903

  • 24b · Other expenses: GRADUATE PROG. POLICY

    total $2,290,605 · program services $2,290,605

  • 24c · Other expenses: GRADUATE PROG. LAW

    total $1,354,967 · program services $1,354,967

  • 24d · Other expenses: EDUCATION LAB

    total $676,358 · program services $676,358

  • 24e · All other expenses

    total $1,380,971 · program services $1,254,208 · management and general $126,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $498,886 · end of year $485,118

  • 2 · Savings and temporary cash investments

    beginning of year $8,723,080 · end of year $6,015,976

  • 3 · Pledges and grants receivable

    beginning of year $308,411 · end of year $1,158,647

  • 9 · Prepaid expenses and deferred charges

    beginning of year $252,580 · end of year $364,229

  • 11 · Investments: publicly traded securities

    end of year $5,924,559

  • 15 · Other assets

    beginning of year $22,850 · end of year $22,850

  • 17 · Accounts payable and accrued expenses

    beginning of year $435,064 · end of year $368,595

  • 27 · Net assets without donor restrictions

    beginning of year $5,485,717 · end of year $5,589,959

  • 28 · Net assets with donor restrictions

    beginning of year $3,885,026 · end of year $8,012,825

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION TO EDUCATE A GENERATION OF LEADERS ABOUT ISRAEL'S VALUES AND GLOBAL CONTRIBUTIONS TO THE WORLD, AND TO EXPOSE THEM TO THE SKILLS AND EDUCATION THAT ISRAEL CAN OFFER THEM PERSONALLY.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO EDUCATE A GENERATION OF LEADERS ABOUT ISRAEL'S VALUES AND GLOBAL CONTRIBUTIONS TO THE WORLD, AND TO EXPOSE THEM TO THE SKILLS AND EDUCATION THAT ISRAEL CAN OFFER THEM PERSONALLY.

  • ITREK'S MISSION IS TO ENGAGE FUTURE LEADERS WITH ISRAEL. THE ORGANIZATION WORKS WITH STUDENT AND FACULTY LEADERS TO CREATE AND LEAD ITREKS FOR THEIR PEERS/STUDENTS FROM THE WORLD'S LEADING GRADUATE PROGRAMS. THESE FIRST-HAND AND AUTHENTIC EXPERIENCES CAN SHAPE PARTICIPANTS' WORLDVIEW, CHANGING PERCEPTIONS OF ISRAEL AND SPARKING A DEEPER UNDERSTANDING AND APPRECIATION OF THE COUNTRY AND ITS PEOPLE. THE PROGRAM INITIALLY BROUGHT MBA STUDENTS FROM TOP PROGRAMS TO ISRAEL AND HAS SINCE EXPANDED TO TOP LAW, POLICY, AND STEM GRADUATE PROGRAMS. SINCE 2012, ITREK HAS HELPED MORE THAN 19,000 GRADUATE STUDENTS OF MORE THAN 103 NATIONALITIES EXPERIENCE ISRAEL FIRST-HAND.

    Expenses $11,263,411 · Grants $255,774 · Revenue $3,159,823

As filed on the 2022 return.

Listed in Part VII

  • Rafi Musher

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Cyril Berdugo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debra Fine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Howard Edelstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Hirshorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katie Paradies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Stein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Siderow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tova Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gil Galanos

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $427,700
    From this org
    $365,935
    From related orgs
    $0
    Other
    $61,765
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $351,685
    Bonus
    $14,250
    Other
    $0
    Deferred
    $15,152
    Nontaxable benefits
    $46,613
    Filer's total
    $427,700

  • Alyssa Gold

    CHIEF OPERATING OFFICER

    Total calculated
    $220,163
    From this org
    $187,167
    From related orgs
    $0
    Other
    $32,996
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,167
    Bonus
    $5,000
    Other
    $0
    Deferred
    $1,500
    Nontaxable benefits
    $31,496
    Filer's total
    $220,163

  • Evan Majzner

    CHIEF GROWTH OFFICER

    Total calculated
    $218,415
    From this org
    $178,333
    From related orgs
    $0
    Other
    $40,082
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,333
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,917
    Nontaxable benefits
    $31,165
    Filer's total
    $218,415

  • Orit Mizner

    CHIEF PROGRAM OFFICER

    Total calculated
    $192,219
    From this org
    $172,667
    From related orgs
    $0
    Other
    $19,552
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,667
    Bonus
    $5,000
    Other
    $0
    Deferred
    $8,633
    Nontaxable benefits
    $10,919
    Filer's total
    $192,219

  • Matthew Miller

    DIR. OF GRADUATE PROGRAMS

    Total calculated
    $126,884
    From this org
    $110,000
    From related orgs
    $0
    Other
    $16,884
    Hours/week
    50

  • Leah Kahn

    DIRECTOR OF OPERATIONS

    Total calculated
    $106,055
    From this org
    $103,636
    From related orgs
    $0
    Other
    $2,419
    Hours/week
    50

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
DURING THE REPORTED PERIOD, PERFORMANCE BONUSES AND COMMISSIONS WERE PROVIDED TO CERTAIN EMPLOYEES, AS INCLUDED IN PART II, COLUMN (B)(II) OF SCHEDULE J.

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

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

Provenance

Return type
form_990
Tax year
2022
Filed
18 May 2024
IRS schema version
2022v5.0
Source object
202441399349300304

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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