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Nonprofiteer
← MIGDAL FOUNDATION INC

Form 990 for tax year 2023

Filed by MIGDAL FOUNDATION INC.

Totals

Total revenue
$510,109
Total expenses
$256,350
Contributions and grants received
$502,202
Grants paid
$115,450
Program service revenue
$0
Investment income
$7,907
Other revenue
$0
Total assets, end of year
$2,183,980
Total liabilities, end of year
$137,613
Net assets or fund balances, end of year
$2,046,367
Program services expenses (Part IX)
$255,850
Management and general expenses
$500
Fundraising expenses
$0
Program service expenses (Part III)
$255,850

Program services were 99.8% 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

    $502,202

  • 3 · Investment income

    total $7,907 · excluded $7,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,450 · program services $115,450

  • 13 · Office expenses

    total $500 · management and general $500

  • 16 · Occupancy

    total $140,400 · program services $140,400

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $904,810 · end of year $896,367

  • 7 · Other notes and loans receivable

    beginning of year $267,798

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

    $1,150,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $620,000 · end of year $1,150,000

  • 15 · Other assets

    beginning of year $0 · end of year $137,613

  • 25 · Other liabilities

    beginning of year $0 · end of year $137,613

  • 27 · Net assets without donor restrictions

    beginning of year $1,792,608 · end of year $2,046,367

Mission and programs · 2023

Mission

MIGDAL FOUNDATION PROVIDES PERSONALIZED CARE AND SUPPORT FOR PARKINSON'S DISEASE PATIENT'S.

Activities or mission (Part I)

TO PROVIDE SERVICES AND BENEFITS FOR THE CARE, SUPPORT, COMFORT, AND OTHER ASSISTANCE TO PERSONS WITH DISABILITIES. IN 2023 THE ORGANIZATION OPENED A STATE-OF-THE-ART FACILITY LOCATED IN THE CENTER OF BOROUGH PARK, BROOKLYN, NEW YORK. THE ORGANIZATION PROVIDES PERSONALIZED CARE AND SUPPORT FOR PARKINSON'S DISEASE PATIENTS, WITH A TEAM OF HIGHLY SKILLED PROFESSIONALS, CUTTING-EDGE TECHNOLOGY, AND A COMPREHENSIVE RANGE OF SERVICES.

  • PROVIDING SERVICES AND BENEFITS FOR THE CARE, SUPPORT, COMFORT, AND OTHER ASSISTANCE TO PERSONS WITH DISABILITIES. IN 2023 THE ORGANIZATION OPENED A STATE-OF-THE-ART FACILITY LOCATED IN THE CENTER OF BOROUGH PARK, BROOKLYN, NEW YORK. THE ORGANIZATION PROVIDES PERSONALIZED CARE AND SUPPORT FOR PARKINSON'S DISEASE PATIENTS, WITH A TEAM OF HIGHLY SKILLED PROFESSIONALS, CUTTING-EDGE TECHNOLOGY, AND A COMPREHENSIVE RANGE OF SERVICES.

    Expenses $255,850 · Grants $115,450

As filed on the 2023 return.

Listed in Part VII

  • Chaim Torn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Joel Mendlovic

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Naftali Reiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

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
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423169349301582

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