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Nonprofiteer
← PENIMI INC

Form 990 for tax year 2023

Filed by PENIMI INC.

Totals

Total revenue
$1,695,198
Total expenses
$1,722,638
Contributions and grants received
$1,436,748
Grants paid
$0
Program service revenue
$258,450
Investment income
$0
Other revenue
$0
Total assets, end of year
$632,063
Total liabilities, end of year
$629,549
Net assets or fund balances, end of year
$2,514
Program services expenses (Part IX)
$1,346,049
Management and general expenses
$298,956
Fundraising expenses
$77,633
Program service expenses (Part III)
$1,346,049

Program services were 78.1% 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

    $1,436,748

  • 2a · Program service revenue: Program Service Revenue

    total $258,450 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $120,000 · program services $75,131 · management and general $44,869 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $257,233 · program services $159,370 · management and general $97,863 · fundraising $0

  • 9 · Other employee benefits

    total $96,411 · program services $55,176 · management and general $41,235 · fundraising $0

  • 10 · Payroll taxes

    total $32,505 · program services $18,931 · management and general $13,574 · fundraising $0

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

    total $299 · program services $0 · management and general $299 · fundraising $0

  • 11g · Fees: other

    total $612,880 · program services $562,717 · management and general $7,568 · fundraising $42,595

  • 13 · Office expenses

    total $27,682 · program services $15,243 · management and general $12,439 · fundraising $0

  • 17 · Travel

    total $72,130 · program services $72,130 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $158,895 · program services $158,895 · management and general $0 · fundraising $0

  • 20 · Interest

    total $27,441 · program services $27,441 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $54,705 · program services $54,705 · management and general $0 · fundraising $0

  • 24a · Other expenses: BANK & CREDIT CARD CHARGES

    total $9,120 · program services $3,040 · management and general $3,040 · fundraising $3,040

  • 24b · Other expenses: COMPUTER SERVICES & SUPPLIES

    total $18,604 · program services $4,428 · management and general $14,176 · fundraising $0

  • 24c · Other expenses: PRINTING, PUBLICATIONS

    total $111,400 · program services $105,749 · management and general $0 · fundraising $5,651

  • 24d · Other expenses: POSTAGE & DELIVERY

    total $7,142 · program services $4,379 · management and general $2,763 · fundraising $0

  • 24e · All other expenses

    total $116,151 · program services $28,714 · management and general $61,090 · fundraising $26,347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $569,646 · end of year $325,690

  • 4 · Accounts receivable

    beginning of year $256,029 · end of year $293,323

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

    $180,355

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

    $167,305

  • 10c · Land, buildings and equipment, net

    beginning of year $234 · end of year $13,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $249,288 · end of year $109,953

  • 25 · Other liabilities

    beginning of year $546,667 · end of year $519,596

  • 27 · Net assets without donor restrictions

    beginning of year $29,954 · end of year $2,514

Mission and programs · 2023

Mission

See Schedule O

  • Penimi Inc. created teacher training programs and developed a curriculum which focuses on encouraging creative thinking through intellectually stimulating lessons for schools in both elementary and high school.

    Expenses $1,346,049 · Revenue $258,450

As filed on the 2023 return.

Listed in Part VII

  • FAIGE ZELCER OBERLANDER

    DIRECTOR

    Total calculated
    $165,250
    From this org
    $165,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,500
    Bonus
    $0
    Other
    $42,750
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,250

  • AVI SCHRON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • EDNA JAFFA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CHAIM RAJCHENBACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ARI KRUPP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CHASI DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • NOSSON MULLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • DAVID HARTMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • YIDEL BECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • YOSEF FLOHR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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. 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

None.

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
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349315356

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