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Nonprofiteer
← AGUDATH ISRAEL OF AMERICA FOUNDATION

Form 990 for tax year 2022

Filed by AGUDATH ISRAEL OF AMERICA FOUNDATION.

Totals

Total revenue
$43,687
Total expenses
$48,963
Contributions and grants received
$50,000
Grants paid
$12,200
Program service revenue
$0
Investment income
$69,536
Other revenue
-$75,849
Total assets, end of year
$3,401,321
Total liabilities, end of year
$15,000
Net assets or fund balances, end of year
$3,386,321
Program services expenses (Part IX)
$12,200
Management and general expenses
$36,763
Fundraising expenses
$0
Program service expenses (Part III)
$12,200

Program services were 24.9% 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

    $50,000

  • 3 · Investment income

    total $105,073 · excluded $105,073

  • 7a · Gross sales of assets other than inventory

    securities $378,999

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

    securities $414,536

  • 7c · Gain or loss

    securities -$35,537

  • 7d · Net gain or loss

    total -$35,537 · related or exempt -$35,537

  • 11a · Other revenue: K-1 Loss

    total -$75,849 · related or exempt -$75,849

  • 11e · Other revenue, total

    -$75,849

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

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

  • 11c · Fees: accounting

    total $8,750 · management and general $8,750

  • 13 · Office expenses

    total $60 · management and general $60

  • 23 · Insurance

    total $3,471 · management and general $3,471

  • 24a · Other expenses: BROKERAGE FEES

    total $24,207 · management and general $24,207

  • 24b · Other expenses: STATE FILING FEES

    total $275 · management and general $275

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $96,180 · end of year $108,636

  • 2 · Savings and temporary cash investments

    beginning of year $447,450 · end of year $205,990

  • 4 · Accounts receivable

    beginning of year $24,000 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,376,398 · end of year $1,412,905

  • 11 · Investments: publicly traded securities

    beginning of year $982,451 · end of year $1,380,868

  • 12 · Investments: other securities

    beginning of year $384,246 · end of year $292,922

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,396,433 · end of year $1,367,909

  • 28 · Net assets with donor restrictions

    beginning of year $1,914,292 · end of year $2,018,412

Mission and programs · 2022

Mission

TO SUPPORT TAX EXEMPT CHARITIES IN CARRYING OUT RELIGIOUS, EDUCATIONAL, AND SOCIAL SERVICE ACTIVITIES

Activities or mission (Part I)

TO SUPPORT TAX EXEMPT CHARITIES IN CARRYING OUT RELIGIOUS ACTIVITIES

  • GRANTS TO AGUDATH ISRAEL OF AMERICA, A FEDERALLY TAX EXEMPT CHARITY TO CARRY OUT RELIGIOUS AND EDUCATIONAL PROGRAMS

    Expenses $12,200 · Grants $12,200

As filed on the 2022 return.

Listed in Part VII

  • Chaim Leshkowitz

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Eli H Fink

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jacob I Friedman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mechel Gruss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Baruch Hertz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Shmuel Prager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Shmuel Yosef Rieder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jacob Z Schuster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Singer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Zwiebel

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $275,821
    From this org
    $0
    From related orgs
    $236,607
    Other
    $39,214
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $236,607 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,214 related
    Filer's total
    $0 + $275,821 related

  • David J Thaler

    CHIEF FINANCIAL OFFICER

    Total calculated
    $170,617
    From this org
    $0
    From related orgs
    $114,194
    Other
    $56,423
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $114,194 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $56,423 related
    Filer's total
    $0 + $170,617 related

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 · Compensation committee
  • 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

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
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202421939349301342

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