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Nonprofiteer
← AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC

Form 990 for tax year 2023

Filed by AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC.

Totals

Total revenue
$22,461,872
Total expenses
$20,154,030
Contributions and grants received
$22,445,092
Grants paid
$19,197,694
Program service revenue
$0
Investment income
$16,780
Other revenue
$0
Total assets, end of year
$28,576,900
Total liabilities, end of year
$96,828
Net assets or fund balances, end of year
$28,480,072
Program services expenses (Part IX)
$19,652,913
Management and general expenses
$333,875
Fundraising expenses
$167,242
Program service expenses (Part III)
$19,652,913

Program services were 97.5% 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

    $22,445,092

  • 1g · Noncash contributions included above

    $904,146

  • 3 · Investment income

    total $31,339 · excluded $31,339

  • 7a · Gross sales of assets other than inventory

    securities $1,461,943

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

    securities $1,476,502

  • 7c · Gain or loss

    securities -$14,559

  • 7d · Net gain or loss

    total -$14,559 · excluded -$14,559

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $19,197,694 · program services $19,197,694

  • 5 · Compensation of officers, directors and key employees

    total $245,114 · program services $81,705 · management and general $81,704 · fundraising $81,705

  • 7 · Other salaries and wages

    total $261,515 · program services $156,515 · management and general $105,000

  • 8 · Pension plan contributions

    total $9,285 · program services $6,135 · management and general $3,150

  • 9 · Other employee benefits

    total $114,002 · program services $53,113 · management and general $60,889

  • 10 · Payroll taxes

    total $34,774 · program services $17,092 · management and general $13,187 · fundraising $4,495

  • 11c · Fees: accounting

    total $22,950 · program services $10,855 · management and general $9,111 · fundraising $2,984

  • 11f · Fees: investment management

    total $21,910 · program services $21,910

  • 11g · Fees: other

    total $25,105 · program services $18,868 · management and general $4,699 · fundraising $1,538

  • 12 · Advertising and promotion

    total $13,805 · program services $13,805

  • 13 · Office expenses

    total $62,308 · program services $16,390 · management and general $31,058 · fundraising $14,860

  • 16 · Occupancy

    total $57,957 · program services $27,414 · management and general $23,009 · fundraising $7,534

  • 17 · Travel

    total $70,202 · program services $16,753 · fundraising $53,449

  • 19 · Conferences, conventions and meetings

    total $12,200 · program services $12,200

  • 23 · Insurance

    total $5,209 · program services $2,464 · management and general $2,068 · fundraising $677

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,219 · end of year $370,621

  • 3 · Pledges and grants receivable

    beginning of year $24,487,829 · end of year $26,379,192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,609 · end of year $1,889

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

    $2,450

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,450

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,360,668 · end of year $1,808,218

  • 15 · Other assets

    beginning of year $18,825 · end of year $16,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,283 · end of year $24,583

  • 23 · Secured mortgages and notes payable

    beginning of year $122,620 · end of year $72,245

  • 27 · Net assets without donor restrictions

    beginning of year -$154,795 · end of year $272,762

  • 28 · Net assets with donor restrictions

    beginning of year $26,008,042 · end of year $28,207,310

Mission and programs · 2023

Mission

TO ENCOURAGE STUDENTS TO PURSUE THEIR PERSONAL DREAMS BE THEY IN BUSINESS, LAW, COMPUTER SCIENCE, GOVERNMENT, STRATEGY, DIPLOMACY, OR COMMUNICATIONS, WITHOUT FORGETTING THEIR RESPONSIBILITY TO COMMUNITY, WHETHER LOCAL OR GLOBAL.

  • ACADEMIC PROGRAMS - 1) PROVIDE SUPPORT TO 11 SCHOOLS WITHIN REICHMAN UNIVERSITY, INCLUDING THE SCHOOL OF BUSINESS, COMMUNICATIONS, COMPUTER SCIENCE, GOVERNMENT, PSYCHOLOGY, LAW, ECONOMICS, ENTREPRENUERSHIP, SUSTAINABILITY, MEDICINE AND THE RAPHAEL RECANATI INTERNATIONAL SCHOOL. 2) PROVIDE SUPPORT FOR A LEADING EDGE RESEARCH PUBLICATION, 2 INTERNATIONAL CONFERENCES, 2 FELLOWSHIP PROGRAMS AND 6 RESEARCH INSTITUTES AND 3)SUPPORT SOCIAL AND CULTURAL ACTIVITIES ON CAMPUS.

    Expenses $6,235,233 · Grants $6,235,233

  • SCHOLARSHIPS TO ENCOURAGE STUDENTS TO PURSUE HIGHER EDUCATION.

    Expenses $3,969,048 · Grants $3,969,048

  • GENERAL SUPPORT - PROVIDE SUPPORT TO REICHMAN UNIVERSITY'S OPERATING AND INFRASTRUCTURE GROWTH COSTS.

    Expenses $9,448,632 · Grants $8,993,413

As filed on the 2023 return.

Listed in Part VII

  • LESLIE SKYBA

    EXECUTIVE DIRECTOR

    Total calculated
    $245,114
    From this org
    $200,000
    From related orgs
    $0
    Other
    $45,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,792
    Nontaxable benefits
    $36,322
    Filer's total
    $245,114

  • AMY GROSS

    DIR. OF ADVANCEMENT

    Total calculated
    $169,040
    From this org
    $105,000
    From related orgs
    $0
    Other
    $64,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,150
    Nontaxable benefits
    $60,890
    Filer's total
    $169,040

  • GIL TENZER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • LAUREN CRAMER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOANNE LANDAU

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MIRIAM ADELSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GIDEON ARGOV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BLUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELI ELEFANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID FINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK GERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATHAN HEVRONY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANIEL JUSIDMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RONALD LAUDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW LEWIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOEY LOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROY RASKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEWART RESNICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALLEN ROSESHINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE SEBAG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH SLADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GADI SLADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MENACHEM STERNBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW TAITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALBERTO VITALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GUY WELTSCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YORAM WIND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202403189349306040

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