American Friends Of The Tel Aviv University Inc
- Assets
- $102.8m
- Revenue
- $23.3m
- Investments
- $7.8k
- Employees
- 33
- Location
- New York, NY
- Founding
- 08/1957
- Data as of
- 09/2021
- EIN
- 13-1996126
Organization Overview
American Friends Of The Tel Aviv University Inc is located in New York, NY. The organization was established in 1957. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2021, American Friends Of The Tel Aviv University Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of The Tel Aviv University Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, American Friends Of The Tel Aviv University Inc generated $23.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $40.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND ADVANCEMENT OF HIGHER EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH IN MANY DIFFERENT AREAS INCLUDING PARKINSON'S, ALZHEIMERS'S, AND CANCER. FACULTY RECRUITMENT FOSTERS UNDERSTANDING AND OPENS NEW LINES OF COMMUNICATION AND DIALOGUE.
SCHOLARSHIPS, FELLOWSHIPS, CONSTRUCTION MONIES AND GENERAL DONATIONS FOR HIGHER EDUCATION HAVE ENABLED THOUSANDS OF STUDENTS TO STUDY AT TAU. DIRECTED GIFTS IN SUPPORT OF SPECIFIC FACULTIES AT TAU ALLOWED THE UNIVERSITY TO MAINTAIN ITS HIGH STANDARDS. DEDICATED GIFTS FUNDED THE CONSTRUCTION OF NEW AND/OR UPDATED DENTAL SCHOOL FACILITIES, PRESIDENTIAL SCHOLARSHIPS, YIDDISH LANGUAGE STUDIES, GENERAL SCHOLARSHIPS, THE BUSINESS SCHOOL, SUPPORT OF THE INSTITUTE FOR STRATEGIC STUDIES, CONFLICT RESOLUTION WORKSHOPS, THE MINERVA CENTER OF THE HUMANITIES, STUDENT SERVICES AND SUPPORT FOR ISRAEL'S FIRST MUSEUM DEDICATED TO HOUSING ISRAEL'S LARGEST COLLECTION OF NATURAL HISTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gross CEO | Officer | 38 | $408,378 |
Ari Wein CFO | Officer | 38 | $269,281 |
Julie Lipsett-Singer Chief Development Officer | Officer | 38 | $269,281 |
Carolyn S Steinberg Associate Vp, North Ca Region | 38 | $186,443 | |
Joanna Naftali Associate Vice President, Midw | 38 | $182,495 | |
Jennifer S Young Vice President, Planned Giving | 38 | $162,462 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Israel Experts Event Management | 9/29/19 | $141,136 |
Sandler Search Associates Exec. Search Firm | 9/29/19 | $187,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,714,014 |
| Noncash contributions included in lines 1a–1f | $147,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,714,014 |
| Total Program Service Revenue | $536,785 |
| Investment income | $1,000,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,906,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,256,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,710 |
| Grants and other assistance to domestic individuals. | $7,562 |
| Grants and other assistance to Foreign Orgs/Individuals | $33,275,218 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,451,438 |
| Compensation of current officers, directors, key employees. | $604,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,493,810 |
| Pension plan accruals and contributions | $133,446 |
| Other employee benefits | $331,287 |
| Payroll taxes | $289,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,222 |
| Fees for services: Accounting | $115,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $302,377 |
| Fees for services: Other | $51,310 |
| Advertising and promotion | $270,607 |
| Office expenses | $344,330 |
| Information technology | $299,404 |
| Royalties | $0 |
| Occupancy | $317,118 |
| Travel | $39,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,122 |
| Interest | $965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,108 |
| Insurance | $62,594 |
| All other expenses | $0 |
| Total functional expenses | $40,048,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $876,338 |
| Savings and temporary cash investments | $9,443,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,381,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $336,978 |
| Net Land, buildings, and equipment | $191,426 |
| Investments—publicly traded securities | $54,328,654 |
| Investments—other securities | $7,808 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,249,261 |
| Total assets | $102,815,581 |
| Accounts payable and accrued expenses | $418,053 |
| Grants payable | $0 |
| Deferred revenue | $3,968,814 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,925,838 |
| Total liabilities | $6,332,034 |
| Net assets without donor restrictions | $2,498,964 |
| Net assets with donor restrictions | $93,984,583 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $102,815,581 |
Grants Awarded
Over the last fiscal year, American Friends Of The Tel Aviv University Inc has awarded $145,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: Grant | $115,710 |
Berkeley, CA PURPOSE: Research | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Friends Of The Tel Aviv University Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Hyman Levine Family Foundation Ldor Vdor Beverly Hills, CA PURPOSE: CHARITY/EDUCATION | $25,000 |
Endowment Analysis
| Beg. Balance | $35,005,186 |
| Earnings | $5,968,307 |
| Net Contributions | $1,551,614 |
| Other Expense | $1,076,441 |
| Ending Balance | $41,448,666 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Committee For The Weizmann Institute Of Science Inc New York, NY | $998,462,000 | $135,716,000 |
American Friends Of The Hebrew University Inc New York, NY | $772,129,551 | $142,838,481 |
Cambridge In America New York, NY | $39,696,080 | $66,388,937 |
American Friends Of Magen David Adom New York, NY | $63,791,324 | $47,704,014 |
American Friends Of The Tel Aviv University Inc New York, NY | $102,815,581 | $23,256,037 |
American Committee For Shaare Zedek New York, NY | $30,081,200 | $42,143,633 |
The Shalom Hartman Institute Of North America New York, NY | $33,744,747 | $19,450,722 |
American Friends Of I D C New York, NY | $14,623,044 | $14,040,962 |
Impactisrael Inc Needham, MA | $24,207,913 | $9,440,610 |
Western Wall Heritage Foundation Inc New York, NY | $25,127,804 | $7,810,412 |
American Academy In Berlin New York, NY | $65,074,118 | $12,729,406 |
Pardes Institute Of Jewish Studies North America Inc New York, NY | $14,479,491 | $5,447,773 |