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Nonprofiteer
← KEREN HAYESHIVOT TRUST

Form 990 for tax year 2024

Filed by KEREN HAYESHIVOT TRUST.

Totals

Total revenue
$17,727,621
Total expenses
$17,900,291
Contributions and grants received
$17,758,621
Grants paid
$17,744,250
Program service revenue
$0
Investment income
$0
Other revenue
-$31,000
Total assets, end of year
$2,418,899
Total liabilities, end of year
$42,496
Net assets or fund balances, end of year
$2,376,403
Program services expenses (Part IX)
$17,744,250
Management and general expenses
$122,312
Fundraising expenses
$33,729
Program service expenses (Part III)
$17,744,250

Program services were 99.1% 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.

  • 1c · Fundraising events

    $426,600

  • 1f · All other contributions, gifts and grants

    $17,332,021

  • 8a · Fundraising events: gross income

    $10,000

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

    $426,600

  • 8b · Fundraising events: direct expenses

    $41,000

  • 8c · Net income from fundraising events

    total -$31,000 · excluded -$31,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 3 · Grants to foreign organizations and individuals

    total $17,734,250 · program services $17,734,250

  • 7 · Other salaries and wages

    total $59,650 · management and general $59,650

  • 10 · Payroll taxes

    total $4,563 · management and general $4,563

  • 11c · Fees: accounting

    total $11,154 · management and general $11,154

  • 12 · Advertising and promotion

    total $2,650 · fundraising $2,650

  • 13 · Office expenses

    total $30,845 · management and general $30,845

  • 16 · Occupancy

    total $8,000 · management and general $8,000

  • 17 · Travel

    total $31,079 · fundraising $31,079

  • 20 · Interest

    total $995 · management and general $995

  • 22 · Depreciation, depletion and amortization

    total $6,726 · management and general $6,726

  • 23 · Insurance

    total $379 · management and general $379

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,771,699 · end of year $2,152,436

  • 7 · Other notes and loans receivable

    beginning of year $750,000 · end of year $188,000

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

    $100,883

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

    $22,420

  • 10c · Land, buildings and equipment, net

    beginning of year $85,189 · end of year $78,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,022 · end of year $11,349

  • 23 · Secured mortgages and notes payable

    beginning of year $46,793 · end of year $31,147

  • 27 · Net assets without donor restrictions

    beginning of year $2,549,073 · end of year $2,376,403

Mission and programs · 2024

Mission

KEREN HAYESHIVOT TRUST SUPPORTS RELIGIOUS INSTITUTIONS OF HIGHER EDUCATION IN THE UNITED STATES AND ISRAEL TO RAISE THE LEVEL OF TORAH AND HALACHIC OBSERVANCE IN THE SEPHARDIC ORTHODOX JEWISH COMMUNITY.

  • KEREN HAYESHIVOT TRUST SUPPORTS RELIGIOUS INSTITUTIONS OF HIGHER EDUCATION IN THE UNITED STATES AND ISRAEL TO RAISE THE LEVEL OF TORAH AND HALACHIC OBSERVANCE IN THE SEPHARDIC ORTHODOX JEWISH COMMUNITY.

    Expenses $17,744,250 · Grants $17,744,250

As filed on the 2024 return.

Listed in Part VII

  • Joseph Chehebar

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nesim Bildirici

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • Michael Safdie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202513099349302696

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