Manhattan Sephardic Congregation
- Assets
- $3.2m
- Revenue
- $808.2k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 03/1990
- Data as of
- 12/2020
- EIN
- 13-3507561
Organization Overview
Manhattan Sephardic Congregation is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Manhattan Sephardic Congregation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manhattan Sephardic Congregation 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 12/2020, Manhattan Sephardic Congregation generated $808.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $780.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 3 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS ORGANIZATION WITH HIGHER LEARNING AND YOUTH CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raphael Benchimol Rabbi | Officer | 48 | $107,589 |
Arash Nefas Director | Officer | 40 | $55,208 |
Marc Hazan Cantor | Officer | 40 | $50,000 |
Gerardy Fortuna Maintenance | Officer | 40 | $36,456 |
Chalom Sibony Bookkeeper | Officer | 30 | $35,019 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,500 |
| Fundraising events | $111,643 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $684,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,211 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $808,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,128 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,911 |
| Pension plan accruals and contributions | $10,000 |
| Other employee benefits | $0 |
| Payroll taxes | $57,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,798 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,807 |
| Office expenses | $2,531 |
| Information technology | $908 |
| Royalties | $0 |
| Occupancy | $67,153 |
| Travel | $28,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $93,270 |
| All other expenses | $0 |
| Total functional expenses | $780,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,489 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700,899 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,114,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,213,388 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,213,388 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,213,388 |