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← FRIENDS OF LBS INC

Form 990 for tax year 2023

Filed by FRIENDS OF LBS INC.

Totals

Total revenue
$4,702,943
Total expenses
$3,883,634
Contributions and grants received
$3,380,009
Grants paid
$3,501,382
Program service revenue
$286,177
Investment income
$1,036,757
Other revenue
$0
Total assets, end of year
$6,592,400
Total liabilities, end of year
$4,632,388
Net assets or fund balances, end of year
$1,960,012
Program services expenses (Part IX)
$3,842,297
Management and general expenses
$41,337
Fundraising expenses
$0
Program service expenses (Part III)
$3,842,297

Program services were 98.9% 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

    $3,380,009

  • 2a · Program service revenue: RENT

    total $286,177 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,036,757 · unrelated business $295 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,501,382 · program services $3,501,382

  • 11b · Fees: legal

    total $2,494 · program services $0 · management and general $2,494 · fundraising $0

  • 11c · Fees: accounting

    total $1,830 · program services $0 · management and general $1,830 · fundraising $0

  • 12 · Advertising and promotion

    total $2,000 · program services $2,000 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $13,856 · program services $0 · management and general $13,856 · fundraising $0

  • 14 · Information technology

    total $40,527 · program services $40,527 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $228,154 · program services $228,154 · management and general $0 · fundraising $0

  • 17 · Travel

    total $13,591 · program services $0 · management and general $13,591 · fundraising $0

  • 23 · Insurance

    total $74,740 · program services $70,147 · management and general $4,593 · fundraising $0

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $386 · program services $0 · management and general $386 · fundraising $0

  • 24b · Other expenses: BUSINESS REGISTRATION FEES

    total $4,587 · program services $0 · management and general $4,587 · fundraising $0

  • 24c · Other expenses: MISC OTHER EXP

    total $87 · program services $87 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,302,988 · end of year $116,789

  • 7 · Other notes and loans receivable

    beginning of year $10,000 · end of year $10,000

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

    $425,281

  • 10c · Land, buildings and equipment, net

    beginning of year $567,332 · end of year $425,281

  • 12 · Investments: other securities

    beginning of year $0 · end of year $6,039,930

  • 15 · Other assets

    beginning of year $400 · end of year $400

  • 22 · Loans and payables to officers and key people

    beginning of year $1,730,234 · end of year $4,622,605

  • 25 · Other liabilities

    beginning of year $9,783 · end of year $9,783

  • 27 · Net assets without donor restrictions

    beginning of year $1,140,703 · end of year $1,960,012

Mission and programs · 2023

Mission

TO RAISE PUBLIC FUNDS TO DISTRIBUTE IN THE SUPPORT OF HIGHER EDUCATION OPPORTUNITIES FOR JEWISH YOUTH THROUGH SCHOLARSHIPS AND CHARITABLE GIVING TO EDUCATIOINAL INSTITUTIONS.

  • TO RAISE PUBLIC FUNDS TO DISTRIBUTE IN THE SUPPORT OF HIGHER EDUCATION OPPORTUNITIES FOR JEWISH YOUTH THROUGH SCHOLARSHIPS AND CHARITABLE GIVING TO EDUCATIONAL INSTITUTES.

    Expenses $3,842,297 · Grants $3,501,382 · Revenue $4,702,943

As filed on the 2023 return.

Listed in Part VII

  • Joseph Schildkraut

    DIRECTOR OF EDUCATIONAL INITIATIVES

    Total calculated
    $0
  • Sara Ginsburg

    SECRETARY/AGENT

    Total calculated
    $0
  • Esther Parshan

    BOARD MEMBER

    Total calculated
    $0
  • Yechiel Michal Butman

    BOARD MEMBER

    Total calculated
    $0
  • Yisroel Wolosow

    PRESIDENT

    Total calculated
    $0
  • Dvora Biderman

    BOARD MEMBER

    Total calculated
    $0
  • Jacob Liberman

    DIR OF SPECIAL INITIATIVES/AGENT/TREASURER

    Total calculated
    $0
  • Eli Aizenman

    BOARD MEMBER

    Total calculated
    $0
  • Jacob Biderman

    BOARD MEMBER

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v6.0
Source object
202542949349300749

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