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Nonprofiteer
← GIMMEL FOUNDATION INC

Form 990 for tax year 2022

Filed by GIMMEL FOUNDATION INC.

Totals

Total revenue
$330,930
Total expenses
$314,764
Contributions and grants received
$297,800
Grants paid
$258,084
Program service revenue
$0
Investment income
$33,130
Other revenue
$0
Total assets, end of year
$1,576,849
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,576,849
Program services expenses (Part IX)
$279,710
Management and general expenses
$10,614
Fundraising expenses
$24,440
Program service expenses (Part III)
$279,710

Program services were 88.9% 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

    $297,800

  • 3 · Investment income

    total $33,130 · excluded $33,130

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 3 · Grants to foreign organizations and individuals

    total $243,084 · program services $243,084

  • 5 · Compensation of officers, directors and key employees

    total $42,500 · program services $21,500 · fundraising $21,000

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 13 · Office expenses

    total $144 · management and general $144

  • 17 · Travel

    total $3,068 · fundraising $3,068

  • 19 · Conferences, conventions and meetings

    total $545 · management and general $545

  • 24a · Other expenses: Licenses & Permits

    total $825 · management and general $825

  • 24b · Other expenses: Telephone

    total $372 · fundraising $372

  • 24c · Other expenses: Library

    total $126 · program services $126

  • 24d · Other expenses: Postage and Delivery

    total $60 · management and general $60

  • 24e · All other expenses

    total $40 · management and general $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,033 · end of year $72,068

  • 2 · Savings and temporary cash investments

    beginning of year $66,799 · end of year $63,589

  • 11 · Investments: publicly traded securities

    beginning of year $1,379,210 · end of year $1,157,824

  • 12 · Investments: other securities

    beginning of year $267,580 · end of year $283,368

  • 27 · Net assets without donor restrictions

    beginning of year $821,877 · end of year $720,609

  • 28 · Net assets with donor restrictions

    beginning of year $940,745 · end of year $856,240

Mission and programs · 2022

Mission

The Gimmel Foundation has been working for over 25 years in the greater Kiryat Malachi Area in Israel. The Foundation offers a variety of after school programs to the children of the area.

  • The Gimmel Foundation has been working for over 25 years in the greater Kiryst Malachi area in Israel (The Southern Region).The Foundation offers a variety of after school programs to the children of the area. During this time, the Foundation has established after school programs in 13 schools and 14 community centers for new immigrant Ethiopoian and Israeli children; initiated the pyramid teaching/tutoring program; encouraged visits by teachers and tutors to homes of children to help with social problems; distributed food and clothing;maintained a summer day camp. This has resulted in school grades improving and children feeling better about school and particularly their Teachers. In addition, Gimmel has encouraged student community service, integration into local social setting and the acquisition of a work ethic.

    Expenses $264,710 · Grants $243,084

  • Contribution to Dalet Foundation which is similar to the working of the Gimmel Foundation and supports Educational Initiatives in Israel.

    Expenses $15,000 · Grants $15,000

As filed on the 2022 return.

Listed in Part VII

  • Harris Guedalia

    Vice President

    Total calculated
    $42,500
    From this org
    $42,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rose Edinger

    President / Secretary

    Total calculated
    $0
    Hours/week
    2

  • Eitan Kupietzky

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Joshua Guedalia

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Stuart Geller

    Vice President

    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

Provenance

Return type
form_990
Tax year
2022
Filed
5 February 2024
IRS schema version
2022v5.0
Source object
202410369349300416

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