Israel Venture Network
- Assets
- $75.0k
- Revenue
- $105.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 14-1891915
Organization Overview
Israel Venture Network is located in Menlo Park, CA. The organization was established in 2004. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Israel Venture Network 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 12/2021, Israel Venture Network generated $105.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $115.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 7 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
THE ORGANIZATION IS AT THE FOREFRONT OF THE SOCIAL BUSINESS ARENA IN ISRAEL, NURTURING AND GROWING THIS EMERGING SECTOR AND GENERATING SUSTAINABLE SOCIAL IMPACT BY PROVIDING ISRAEL'S SOCIAL BUSINESSES WITH KNOWLEDGE, FINANCING AND BUSINESS WORLD CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A VENTURE PHILANTHROPY NETWORK OF HIGH-TECH ENTREPRENEURS, BUSINESS EXECUTIVES, VENTURE CAPITALISTS, CORPORATIONS, AND PHILANTHROPISTS FROM ISREL AND THE UNITED STATES. THE ORGANIZATION'S NETWORK OF MEMBERS, ALONG WITH ITS TEAM OF PROFESSIONALS, RECRUITS AND LEVERAGES ITS RESOURCES, CONTACTS AND EXPERICENCE FROM THE BUSINESS WORLD IN THE SOCIAL ARENA TO DEVELOP THE SOCIAL BUSINESS ARENA (FOURTH SECTOR). THE ORGANIZATION TRANSFERED APPROXIMATELY $105,000 TO THE ISRAELI ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Ben Hamou Chairman | OfficerTrustee | 1 | $0 |
Daniel Posner Director | Trustee | 1 | $0 |
Itsik Danziger Chairman | Trustee | 1 | $0 |
Claudio Yarza Director | Trustee | 1 | $0 |
Arik Yaari Director | Trustee | 1 | $0 |
Benny Levin Vice Chairman | Trustee | 1 | $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 | $105,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,018 |
| 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 | $105,018 |
| 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 | $105,000 |
| 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 | $516 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $75 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $115,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $86 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,039 |
| Accounts payable and accrued expenses | $3,799 |
| Grants payable | $35,000 |
| 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 | $38,799 |
| Net assets without donor restrictions | $36,240 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $75,039 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Israel Venture Network has recieved totaling $75,013.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: International Development | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
System Management Group San Diego, CA | $174,665,064 | $68,599,184 |
American Charter Schools Foundation Phoenix, AZ | $87,939,377 | $45,500,400 |
Salesforce Com Foundation San Francisco, CA | $419,674,142 | $105,083,193 |
Foundation For Grossmont And Cuyamaca Colleges El Cajon, CA | $30,579,750 | $41,100,641 |
Archival Foundation Beverly Hills, CA | $70,496,412 | $21,253,596 |
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |