Form 990 for tax year 2023
Filed by ISRAEL TENNIS CENTERS FOUNDATION INC.
Totals
- Total revenue
- $11,800,613
- Total expenses
- $7,271,732
- Contributions and grants received
- $11,108,299
- Grants paid
- $3,554,248
- Program service revenue
- $0
- Investment income
- $692,314
- Other revenue
- $0
- Total assets, end of year
- $25,340,620
- Total liabilities, end of year
- $993,835
- Net assets or fund balances, end of year
- $24,346,785
- Program services expenses (Part IX)
- $4,750,534
- Management and general expenses
- $584,528
- Fundraising expenses
- $1,936,670
- Program service expenses (Part III)
- $4,750,534
Program services were 65.3% 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
$11,108,299
-
1g · Noncash contributions included above
$341,417
-
3 · Investment income
total $416,650 · excluded $416,650
-
7a · Gross sales of assets other than inventory
securities $1,857,720
-
7b · Less cost or other basis and sales expenses
securities $1,582,056
-
7c · Gain or loss
securities $275,664
-
7d · Net gain or loss
total $275,664 · excluded $275,664
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $3,554,248 · program services $3,554,248
-
5 · Compensation of officers, directors and key employees
total $560,390 · program services $278,052 · management and general $90,814 · fundraising $191,524
-
6 · Compensation of disqualified persons
total $820,276 · program services $445,577 · management and general $38,947 · fundraising $335,752
-
8 · Pension plan contributions
total $47,064 · program services $23,532 · management and general $4,236 · fundraising $19,296
-
9 · Other employee benefits
total $30,560 · program services $15,280 · management and general $2,750 · fundraising $12,530
-
10 · Payroll taxes
total $82,174 · program services $41,087 · management and general $7,396 · fundraising $33,691
-
11b · Fees: legal
total $30,705 · program services $6,141 · management and general $12,282 · fundraising $12,282
-
11c · Fees: accounting
total $49,000 · program services $9,800 · management and general $19,600 · fundraising $19,600
-
11f · Fees: investment management
total $84,521 · program services $1,095 · management and general $81,236 · fundraising $2,190
-
11g · Fees: other
total $20,733 · program services $4,147 · management and general $8,293 · fundraising $8,293
-
12 · Advertising and promotion
total $272,316 · program services $136,158 · fundraising $136,158
-
13 · Office expenses
total $87,486 · program services $4,374 · management and general $4,374 · fundraising $78,738
-
14 · Information technology
total $12,167 · program services $4,015 · management and general $1,703 · fundraising $6,449
-
16 · Occupancy
total $75,097 · program services $24,782 · management and general $10,514 · fundraising $39,801
-
17 · Travel
total $317,148 · program services $31,715 · management and general $285,433
-
19 · Conferences, conventions and meetings
total $12,100 · program services $5,445 · management and general $1,210 · fundraising $5,445
-
20 · Interest
total $66,257 · program services $46,380 · fundraising $19,877
-
22 · Depreciation, depletion and amortization
total $10,949 · program services $547 · management and general $547 · fundraising $9,855
-
23 · Insurance
total $14,845 · program services $4,899 · management and general $2,078 · fundraising $7,868
-
24a · Other expenses: EXHIBITIONS AND EVENTS
total $1,046,413 · program services $104,641 · fundraising $941,772
-
24b · Other expenses: DONOR RECOGNITION
total $25,774 · fundraising $25,774
-
24c · Other expenses: TELEPHONE
total $15,676 · program services $5,173 · management and general $2,195 · fundraising $8,308
-
24d · Other expenses: POSTAGE
total $13,141 · management and general $1,840 · fundraising $11,301
-
24e · All other expenses
total $22,692 · program services $3,446 · management and general $9,080 · fundraising $10,166
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,257,993 · end of year $3,632,548
-
2 · Savings and temporary cash investments
beginning of year $407,904 · end of year $4,729
-
3 · Pledges and grants receivable
beginning of year $2,971,276 · end of year $3,489,656
-
7 · Other notes and loans receivable
end of year $461,598
-
9 · Prepaid expenses and deferred charges
beginning of year $99,727 · end of year $5,978
-
10a · Land, buildings and equipment: cost or other basis
$101,510
-
10b · Land, buildings and equipment: accumulated depreciation
$77,151
-
10c · Land, buildings and equipment, net
beginning of year $35,308 · end of year $24,359
-
11 · Investments: publicly traded securities
beginning of year $9,495,371 · end of year $10,808,193
-
12 · Investments: other securities
beginning of year $6,550,881 · end of year $6,563,434
-
15 · Other assets
beginning of year $363,377 · end of year $350,125
-
17 · Accounts payable and accrued expenses
beginning of year $629,293 · end of year $136,631
-
23 · Secured mortgages and notes payable
beginning of year $1,696,042 · end of year $468,484
-
25 · Other liabilities
beginning of year $409,012 · end of year $388,720
-
27 · Net assets without donor restrictions
beginning of year $4,846,973 · end of year $8,838,823
-
28 · Net assets with donor restrictions
beginning of year $13,600,517 · end of year $15,507,962
Mission and programs · 2023
Mission
ISRAEL TENNIS & EDUCATION CENTERS FOUNDATION TRANSFORMS THE LIVES OF VULNERABLE CHILDREN IN ISRAEL, CREATING OPPORTUNITIES FOR A BRIGHTER FUTURE. WE OFFER MUCH NEEDED SUPPORT TO 20,000 CHILDREN ANNUALLY, OF ALL FAITHS, MANY LIVING ON OR BELOW THE POVERTY LEVEL, BY EDUCATING AND EMPOWERING THEM THROUGH ACADEMIC ENRICHMENT, SPORTS AND MENTORING, IGNITING HOPE AND OPENING PATHWAYS TO A SUCCESSFUL FUTURE FOR THEM AND FOR ISRAEL. OUR 15 CENTERS THROUGHOUT ISRAEL ARE INTENTIONALLY LOCATED IN UNDERPRIVILEGED NEIGHBORHOODS. ITEC TRULY EMBODIES INCLUSION AND UNITY IN A REGION WHERE THIS MODEL OF ETHNIC INTEGRATION IS RARE. IN THESE SAFE AND NURTURING ENVIRONMENTS, EACH AND EVERY CHILD IS OFFERED AN EQUAL OPPORTUNITY TO PLAY, DREAM, LEARN AND MAKE FRIENDS WITHIN A PEACEFUL COMMUNITY.
-
THE ITEC HAS MADE AN OUTSIZED IMPACT ON THE COUNTRY, THE COMMUNITIES SURROUNDING EACH OF THE CENTERS, THE TEACHERS, THE COACHES, AND THE FAMILIES OF OVER HALF A MILLION CHILDREN.THE MOST SIGNIFICANT PROGRAM ACCOMPLISHMENTS SUPPORTED AT THE ISRAEL TENNIS AND EDUCATIONS CENTERS INCLUDE RESOURCES SENT TO ISRAEL TO PROVIDE SCHOLARSHIPS TO UNDERSERVED, UNDERPRIVILEDGED AND AT RISK YOUTH TO PARTICIPATE IN SOCIAL IMPACT PROGRAMS AND AFTER SCHOOL SPORTS PROGRAMS THAT UTILIZE TENNIS AND EDUCATIONAL ENRICHMENT TO TEACH LIFE SKILLS, DEVELOP THE CHILDREN'S CHARACTER AND GRADUATE HIGH SCHOOL, SERVE IN THE IDF AND THEN ACQUIRE THEIR UNIVERSITY EDUCATION AND/OR DEVELOP A PROFESSION. THE FOUNDATION SUPPORTS PROGRAMS FOR YOUTH INCLUDING COEXXISTENCE, SPECIAL NEEDS, ENGLISH LANGUAGE FLUENCY, OBESITY PREVENTION FOR CHILDREN, GIRLS EMPOWERMENT AND JUNIOR TENNIS DEVELOPMENT. SUPPORT ALSO MAINTAINS THE INTEGRITY AND SAFETY OF THE CENTERS' PHYSICAL PLANTS. THE FOUNDATION ALSO WORKS CLOSELY WITH THE ITEC IN DEVELOPING PROGRAMS IN ISRAEL, EDUCATING BOTH IN ISRAEL AND IN THE U.S. ABOUT THE PROGRAMS, AS WELL AS REPLICATING THE ITEC MODEL PROGRAMS IN OTHER U.S. INSTITUTIONS. THE FOUNDATION ALSO EXPANDS AWARENESS OF ITEC PROGRAMS TO INCREASE INVOLVEMENT AND SUPPORT.
Expenses $4,750,534 · Grants $3,554,248
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James E FrankJAMES E FRANK
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pamela BerkowskyPAMELA BERKOWSKY
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Andrea KrausANDREA KRAUS
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin BeilerBENJAMIN BEILER
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lisa BogatinLISA BOGATIN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Burton S UryBURTON S URY
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cary GreenCARY GREEN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gerald L CohenGERALD L COHEN
INTERNATIONAL TREASURER & VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Elijah AntflickELIJAH ANTFLICK
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rosalind DevonROSALIND DEVON
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kevin GreenKEVIN GREEN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maximillian KayeMAXIMILLIAN KAYE
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer HaasJENNIFER HAAS
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Maxine ComiskyMAXINE COMISKY
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Alan GoldnerALAN GOLDNER
NOMINATION COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
David NickollDAVID NICKOLL
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mary GreensponMARY GREENSPON
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Larry GreensponLARRY GREENSPON
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stephen HalpernSTEPHEN HALPERN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Amy F HendricksAMY F HENDRICKS
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 6
-
David HirschDAVID HIRSCH
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael B GreenwaldMICHAEL B GREENWALD
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Linda J Katell RowanLINDA J KATELL ROWAN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michele BermanMICHELE BERMAN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mitch GoldharMITCH GOLDHAR
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rachel SteinRACHEL STEIN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sandra L LippySANDRA L LIPPY
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
William LippyWILLIAM LIPPY
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richard PilosofRICHARD PILOSOF
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Richard RothschildRICHARD ROTHSCHILD
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rick StoneRICK STONE
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Eric MarshallERIC MARSHALL
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert BarkinROBERT BARKIN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gerald MillmanGERALD MILLMAN
FOUNDATION VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Russell TanzRUSSELL TANZ
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert GlassROBERT GLASS
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Samuel ShapiroSAMUEL SHAPIRO
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Edward E ReicinEDWARD E REICIN
NOMINATION COMMITTEE CO-CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Leslie CorwinLESLIE CORWIN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Tracy UryTRACY URY
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Seymour BrodeSEYMOUR BRODE
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joel U MannJOEL U MANN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Steve RosenbergSTEVE ROSENBERG
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Irwin J ShorrIRWIN J SHORR
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Stuart M SchapiroSTUART M SCHAPIRO
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Randi SellingerRANDI SELLINGER
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Harold RosensonHAROLD ROSENSON
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Evan RatnerEVAN RATNER
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Estelle GisaESTELLE GISA
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey SiegelJEFFREY SIEGEL
INTERNATIONAL BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Wendy L SlavinWENDY L SLAVIN
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Linda SolomonLINDA SOLOMON
FOUNDATION BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
David SteinhardtDAVID STEINHARDT
DIRECTOR/BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan YairJONATHAN YAIR
SENIOR VP FOR DEVELOPMENT
- Total calculated
- $275,000
- From this org
- $275,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $275,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $275,000
-
Ilan AllaliILAN ALLALI
CFO
- Total calculated
- $0
- Hours/week
- 50
-
Marcy GuttmanMARCY GUTTMAN
VP DEVELOPMENT
- Total calculated
- $180,000
- From this org
- $180,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $180,000
-
Noam YitzchakiNOAM YITZCHAKI
VP DEVELOPMENT
- Total calculated
- $98,000
- From this org
- $98,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Aubri A TueroAUBRI A TUERO
MARKETING DIRECTOR
- Total calculated
- $102,000
- From this org
- $102,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Regina KhaimovaREGINA KHAIMOVA
CONTROLLER
- Total calculated
- $150,000
- From this org
- $150,000
- 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. 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 survey or study
- 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
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443129349303524
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