American Friends Of The Us-Israel Binational Science Foundation
- Assets
- $35.1k
- Revenue
- $77.5k
- Investments
- $0.0
- Employees
- 0
- Location
- North Bethesda, MD
- Founding
- 05/2013
- Data as of
- 03/2022
- EIN
- 45-4296987
Organization Overview
American Friends Of The Us-Israel Binational Science Foundation is located in North Bethesda, MD. The organization was established in 2013. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of The Us-Israel Binational Science 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 03/2022, American Friends Of The Us-Israel Binational Science Foundation generated $77.5k 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 (11.3%) each year. All expenses for the organization totaled $84.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN FRIENDS OF THE U.S.-ISRAEL BINATIONAL SCIENCE FOUNDATION (AFBSF) IS TO ENSURE THE CONTINUATION OF COLLABORATIVE WORLD-CLASS SCIENTIFIC RESEARCH BY ISRAELI AND AMERICAN SCIENTISTS THROUGH THE US ISRAEL BINATIONAL SCIENCE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH DIRECTION FROM A MULTIDISCLIPINARY BOARD OF DIRECTORS, WE INVOLVE PHILANTHROPIC INDIVIDUALS AND FOUNDATIONS TO PROVIDE FINANCIAL RESOURCES TO ENSURE PREMIER AMERICAN AND ISRAELI SCIENTISTS TO CONTINUE THEIR SCIENTIFIC INNOVATION BETWEEN THE TWO COUNTRIES THROUGH OUR SUPPORT OF COLLABORATIVE WORLD-CLASS RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul S Rovinsky Treasurer | OfficerTrustee | 2 | $0 |
Albert H Teich President | Officer | 2 | $0 |
Mina Teicher Director | Trustee | 1 | $0 |
Matthew Jonas Secretary | Trustee | 1 | $0 |
Barry Klein Director | 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 | $77,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,500 |
| 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 | $77,500 |
| 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 | $75,000 |
| 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 | $6,120 |
| Fees for services: Legal | $139 |
| Fees for services: Accounting | $1,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $92 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,086 |
| All other expenses | $0 |
| Total functional expenses | $84,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,127 |
| 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 | $0 |
| 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 | $35,127 |
| 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 | $35,127 |
| 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 | $35,127 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Friends Of The Us-Israel Binational Science Foundation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Rosalinde And Arthur Gilbert Foundation Los Angeles, CA PURPOSE: ISRAEL | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Academy Of Engineering Fund Washington, DC | $96,772,994 | $10,361,868 |
The Foundation Of The Virginia Air And Space Center And The Hampton Hampton, VA | $546,737 | $591,543 |
Csab Inc Towson, MD | $974,753 | $312,499 |
Ben Franklin Technology Partners Corporation Bethlehem, PA | $285,120 | $208,636 |
National Propane Gas Foundation Washington, DC | $4,168,194 | $375,560 |
American Friends Of The Us-Israel Binational Science Foundation North Bethesda, MD | $35,127 | $77,500 |
Wwbbc Alexandria, VA | $15,312 | $0 |
D&m Foundation Great Falls, VA | $16 | $0 |