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← AMERICAN FRIENDS OF SHEHEBAR SEPHARDIC CENTER INCORPORATED

Form 990 for tax year 2024

Filed by AMERICAN FRIENDS OF SHEHEBAR SEPHARDIC CENTER INCORPORATED.

Totals

Total revenue
$2,374,540
Total expenses
$2,371,342
Contributions and grants received
$2,356,046
Grants paid
$1,546,836
Program service revenue
$0
Investment income
$6,937
Other revenue
$11,557
Total assets, end of year
$422,544
Total liabilities, end of year
$163,067
Net assets or fund balances, end of year
$259,477
Program services expenses (Part IX)
$2,291,529
Management and general expenses
$79,813
Fundraising expenses
$0
Program service expenses (Part III)
$2,291,529

Program services were 96.6% 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

    $2,356,046

  • 3 · Investment income

    total $6,937 · unrelated business $6,937

  • 11a · Other revenue: INTEREST INCOME FROM TAX REFU

    total $11,557 · excluded $11,557

  • 11e · Other revenue, total

    $11,557

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,546,836 · program services $1,546,836

  • 7 · Other salaries and wages

    total $295,556 · program services $295,556

  • 10 · Payroll taxes

    total $46,559 · program services $46,559

  • 11a · Fees: management

    total $57,478 · management and general $57,478

  • 11b · Fees: legal

    total $9,335 · management and general $9,335

  • 11c · Fees: accounting

    total $13,000 · management and general $13,000

  • 12 · Advertising and promotion

    total $5,016 · program services $5,016

  • 13 · Office expenses

    total $7,757 · program services $7,757

  • 14 · Information technology

    total $6,556 · program services $6,556

  • 16 · Occupancy

    total $97,212 · program services $97,212

  • 17 · Travel

    total $102,151 · program services $102,151

  • 23 · Insurance

    total $9,265 · program services $9,265

  • 24a · Other expenses: WRITE OFF PLEDGES RECEIVA

    total $87,599 · program services $87,599

  • 24b · Other expenses: BOOKS /RELIGIOUS ARTICLES

    total $53,136 · program services $53,136

  • 24c · Other expenses: INTEREST EXPENSE ON LOANS

    total $18,243 · program services $18,243

  • 24d · Other expenses: BANK & CREDIT CARD CHARGE

    total $13,131 · program services $13,131

  • 24e · All other expenses

    total $2,512 · program services $2,512

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,673 · end of year $313,448

  • 3 · Pledges and grants receivable

    beginning of year $87,599

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,876

  • 11 · Investments: publicly traded securities

    beginning of year $91,910 · end of year $109,096

  • 24 · Unsecured notes and loans payable

    beginning of year $130,029 · end of year $163,067

  • 27 · Net assets without donor restrictions

    beginning of year $246,029 · end of year $259,477

Mission and programs · 2024

Mission

DURING THE TAX YEAR THE ORGANIZATION WAS SUCCESSFUL IN RAISING FUNDS TO HELP SUPPORT THE SHEHEBAR STUDY CENTER IN ISRAEL, GRANT SCHOLARSHIPS TO YOUTHS INTERESTED IN FURTHERING KNOWLEDGE OF THEIR HERITAGE AND SUPPORT JEWISH INSTITUTIONS AROUND THE WORLD.

Activities or mission (Part I)

TO FILL THE CRITICAL NEED FOR PROFESSIONAL SEPHARDIC RABBIS AND TO HELP SAVE STRUGGLING SEPHARDIC COMMUNITIES WORLDWIDE BY PROVIDING AN ACCREDITED RABBINICAL TRAINING PROGRAM THAT ADDRESS THE EVERYDAY ISSUES FACED BY DIASPORA COMMUNITY

  • DURING THE TAX YEAR THE ORGANIZATION WAS SUCCESSFUL IN RAISING FUNDS TO HELP SUPPORT THE SHEHEBAR STUDY CENTER IN ISRAEL, GRANT SCHOLARSHIPS TO YOUTHS INTERESTED IN FURTHERING KNOWLEDGE OF THEIR HERITAGE AND SUPPORT JEWISH INSTITUTIONS AROUND THE WORLD.

    Expenses $1,546,836 · Grants $1,546,836 · Revenue $2,356,046

  • DURING THE TAX YEAR THE ORGANIZATION WAS SUCCESSFUL IN RAISING FUNDS TO HELP SUPPORT THE SHEHEBAR STUDY CENTER IN ISRAEL, GRANT SCHOLARSHIPS TO YOUTHS INTERESTED IN FURTHERING KNOWLEDGE OF THEIR HERITAGE AND SUPPORT JEWISH INSTITUTIONS AROUND THE WORLD.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • I G Gindi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sam Kassin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Ronald Barry

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Leo Esses

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.0
Source object
202531319349300168

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