Agudath Israel Of America Foundation
- Assets
- $3.9m
- Revenue
- $1.6m
- Investments
- $434.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1998
- Data as of
- 08/2021
- EIN
- 13-3918814
Organization Overview
Agudath Israel Of America Foundation is located in New York, NY. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agudath Israel Of America Foundation 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 08/2021, Agudath Israel Of America Foundation generated $1.6m 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 (7.6%) each year. All expenses for the organization totaled $1.4m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT TAX EXEMPT CHARITIES IN CARRYING OUT RELIGIOUS ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO AGUDATH ISRAEL OF AMERICA, A FEDERALLY TAX EXEMPT CHARITY TO CARRY OUT RELIGIOUS AND EDUCATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli H Fink Secretary | OfficerTrustee | 0.5 | $0 |
Chaim Leshkowitz Treasurer | OfficerTrustee | 0.5 | $0 |
David Zwiebel Executive Vice President | OfficerTrustee | 5 | $0 |
David J Thaler Chief Financial Officer | Officer | 35 | $0 |
Mechel Gruss Trustee | Trustee | 0.5 | $0 |
Shmuel Prager Trustee | Trustee | 0.5 | $0 |
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 | $1,564,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,564,212 |
| Total Program Service Revenue | $0 |
| Investment income | $67,349 |
| 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 | $1,631,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,410,450 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $8,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,312 |
| All other expenses | $3,964 |
| Total functional expenses | $1,427,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,821 |
| Savings and temporary cash investments | $434,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,336,839 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $110,371 |
| Investments—other securities | $434,247 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,877,624 |
| Accounts payable and accrued expenses | $61,823 |
| 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 | $61,823 |
| Net assets without donor restrictions | $1,971,799 |
| Net assets with donor restrictions | $1,844,002 |
| 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 | $3,877,624 |
Grants Awarded
Over the last fiscal year, Agudath Israel Of America Foundation has awarded $1,410,450 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO CARRY OUT RELIGIOUS AND EDUCATIONAL PROGRAMS | $1,335,450 |
AGUDATH ISRAEL OF OHIO PURPOSE: TO CARRY OUT RELIGIOUS AND EDUCATIONAL PROGRAMS | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Agudath Israel Of America Foundation has recieved totaling $15,350.
| Awarding Organization | Amount |
|---|---|
Aaron & Ruth Jungreis Foundation Lawrence, NY PURPOSE: CHARITABLE | $10,000 |
Aaron & Ruth Jungreis Foundation Lawrence, NY PURPOSE: CHARITABLE | $3,600 |
Nosson Fund Brooklyn, NY PURPOSE: AID TO NEEDY | $850 |
Ltge Family Foundation Brooklyn, NY PURPOSE: CHARITIES | $500 |
Belz Foundation Memphis, TN PURPOSE: RELIGIOUS | $400 |
Endowment Analysis
| Beg. Balance | $1,793,479 |
| Earnings | $50,522 |
| Ending Balance | $1,844,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of Mayanot Institute Inc New York, NY | $1,023,168 | $4,053,714 |
Four-Four Foundation Inc New York, NY | $21,732,131 | $6,162,056 |
Jkw Foundation Tr Ua 092597 New York, NY | $38,873,662 | $1,124,358 |
New England Region Volleyball Association Inc North Andover, MA | $1,524,058 | $3,442,158 |
Bristol County Savings Charitable Foundation Inc Taunton, MA | $0 | $5,133,523 |
Olean General Hospital Foundation Olean, NY | $48,066,140 | $6,076,941 |
Agudath Israel Of America Foundation New York, NY | $3,877,624 | $1,631,561 |
Cranaleith Spiritual Center Philadelphia, PA | $5,535,511 | $615,387 |
Adam R Rose Foundation New York, NY | $2,822,495 | $728,738 |
Westmoreland Human Services Inc Greensburg, PA | $2,474,468 | $644,876 |
Martha Lloyd Services Inc Troy, PA | $1,951,761 | $271,501 |
Harold D Wetterberg Foundation Morristown, NJ | $2,164,308 | $366,268 |