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← FRIENDS OF ISRAEL DISABLED VETERANS INC BEIT HALOCHEM

Form 990 for tax year 2022

Filed by FRIENDS OF ISRAEL DISABLED VETERANS INC BEIT HALOCHEM.

Totals

Total revenue
$3,579,373
Total expenses
$3,116,483
Contributions and grants received
$3,561,352
Grants paid
$2,400,000
Program service revenue
$0
Investment income
$1,444
Other revenue
$16,577
Total assets, end of year
$5,793,286
Total liabilities, end of year
$1,160,801
Net assets or fund balances, end of year
$4,632,485
Program services expenses (Part IX)
$2,400,000
Management and general expenses
$168,635
Fundraising expenses
$547,848
Program service expenses (Part III)
$2,400,000

Program services were 77.0% 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.

  • 1c · Fundraising events

    $71,068

  • 1f · All other contributions, gifts and grants

    $3,490,284

  • 1g · Noncash contributions included above

    $145,728

  • 3 · Investment income

    total $1,473 · excluded $1,473

  • 7a · Gross sales of assets other than inventory

    securities $12,205

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

    securities $12,234

  • 7c · Gain or loss

    securities -$29

  • 7d · Net gain or loss

    total -$29 · excluded -$29

  • 8a · Fundraising events: gross income

    $59,336

  • 8a · Fundraising events: contributions included on line 1c

    $71,068

  • 8b · Fundraising events: direct expenses

    $42,759

  • 8c · Net income from fundraising events

    total $16,577 · excluded $16,577

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $2,400,000 · program services $2,400,000

  • 5 · Compensation of officers, directors and key employees

    total $143,569 · management and general $38,764 · fundraising $104,805

  • 7 · Other salaries and wages

    total $161,315 · management and general $43,555 · fundraising $117,760

  • 8 · Pension plan contributions

    total $5,754 · management and general $1,554 · fundraising $4,200

  • 9 · Other employee benefits

    total $16,823 · management and general $4,542 · fundraising $12,281

  • 10 · Payroll taxes

    total $25,484 · management and general $6,881 · fundraising $18,603

  • 11c · Fees: accounting

    total $96,994 · management and general $26,188 · fundraising $70,806

  • 12 · Advertising and promotion

    total $719 · fundraising $719

  • 13 · Office expenses

    total $80,367 · management and general $21,699 · fundraising $58,668

  • 16 · Occupancy

    total $35,634 · management and general $9,621 · fundraising $26,013

  • 17 · Travel

    total $12,009 · fundraising $12,009

  • 22 · Depreciation, depletion and amortization

    total $482 · management and general $130 · fundraising $352

  • 23 · Insurance

    total $2,177 · management and general $588 · fundraising $1,589

  • 24a · Other expenses: DIRECT MAIL

    total $79,185 · fundraising $79,185

  • 24b · Other expenses: DATA PROCESSING

    total $19,695 · management and general $5,318 · fundraising $14,377

  • 24c · Other expenses: POSTAGE, PRINTING AND P

    total $16,826 · management and general $4,543 · fundraising $12,283

  • 24d · Other expenses: TELEPHONE

    total $16,074 · management and general $4,340 · fundraising $11,734

  • 24e · All other expenses

    total $3,376 · management and general $912 · fundraising $2,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,703,235 · end of year $3,252,066

  • 3 · Pledges and grants receivable

    beginning of year $641,117 · end of year $354,426

  • 9 · Prepaid expenses and deferred charges

    end of year $141,720

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

    $9,125

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

    $6,790

  • 10c · Land, buildings and equipment, net

    beginning of year $157 · end of year $2,335

  • 12 · Investments: other securities

    beginning of year $15,025 · end of year $15,028

  • 15 · Other assets

    beginning of year $2,049,280 · end of year $2,027,711

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,278 · end of year $54,827

  • 18 · Grants payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $105,974

  • 27 · Net assets without donor restrictions

    beginning of year $1,346,419 · end of year $2,460,361

  • 28 · Net assets with donor restrictions

    beginning of year $2,950,117 · end of year $2,172,124

Mission and programs · 2022

Mission

TO RAISE FUNDS IN ISRAEL AND ABROAD FOR MAINTAINING THE EXISTING, AND BUILDING NEW BEIT HALOCHEM CENTERS, PURCHASING EQUIPMENT AND OPERATING THE VAST REHABILITATION NETWORK OF THE ZAHAL DISABLED VETERANS ORGANIZATION. THIS INCLUDES THE WIDE ARRAY OF PHYSIOTHERAPY, SPORTS AND CULTURAL ACTIVITIES.

Activities or mission (Part I)

CONTRIBUTIONS FOR FACILITIES AND PROGRAMS FOR DISABLED ISRAEL VETERANS

  • DURING 2022, FRIENDS OF ISRAEL DISABLED VETERANS, INC. TRANSMITTED TO ZAHAL DISABLED VETERANS FUND OF ISRAEL $2,400,000.

    Expenses $2,400,000 · Grants $2,400,000 · Revenue $3,561,352

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Leichtling

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Avri Horowitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Porat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Isaac Seinuk

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Daniel Naftalin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sheldon Pickholz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kyle Waxman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ella Levine

    NATIONAL EXECUTIVE DIRECTO

    Total calculated
    $143,569
    From this org
    $143,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303179349303090

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