Morasha Olami Inc
- Assets
- $9.5m
- Revenue
- $39.9m
- Investments
- $0.0
- Employees
- 74
- Location
- Lakewood, NJ
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 81-3451968
Organization Overview
Morasha Olami Inc is located in Lakewood, NJ. The organization was established in 2017. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Morasha Olami Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morasha Olami 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 12/2021, Morasha Olami Inc generated $39.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $36.6m during the year ending 12/2021. While expenses have increased by 33.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Morasha Olami Inc has awarded 519 individual grants totaling $104,412,533. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE AWARENESS, UNDERSTANDING AND STRENGTHENING OF JEWISH IDENTITY, CULTURE, RELIGION AND RELIGIOUS STUDIES, HISTORY, LITERATURE, AND ART THROUGHOUT THE WORLD; (B) PROVIDE SUPPORT FOR AND CONDUCT EDUCATIONAL, RELIGIOUS, AND CULTURAL PROGRAMS AND ACTIVITIES IN JEWISH COMMUNITIES THROUGHOUT THE WORLD; (C) PROVIDE SUPPORT AND ASSISTANCE TO POOR AND NEEDY INDIVIDUALS AND FAMILIES IN JEWISH COMMUNITIES THROUGHOUT THE WORLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR AND CONDUCT EDUCATIONAL, RELIGIOUS, AND CULTURAL PROGRAMS AND ACTIVITIES IN JEWISH COMMUNITIES THROUGHOUT THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Greenman Fundraising | 35 | $350,000 | |
David Rogers It Department | 35 | $200,000 | |
Joshua Sales Educator | 35 | $168,036 | |
David Michael Markowitz Director | Trustee | 5 | $147,000 |
Menachem Deutsch Secretary | Trustee | 5 | $140,500 |
David Kaye Project Controller | 35 | $120,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Nordmann Charity Consulting Consulting | 12/30/21 | $151,886 |
Shira Werblowsky Professional | 12/30/21 | $110,500 |
H8 Advisory Llc Consulting | 12/30/21 | $210,000 |
Allyon Inc Database Developer | 12/30/21 | $389,190 |
Darren Kornbluth Consulting | 12/30/21 | $140,829 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $330,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,578,838 |
| Noncash contributions included in lines 1a–1f | $200,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,909,604 |
| Total Program Service Revenue | $0 |
| Investment income | $5,234 |
| 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 | $39,914,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,691,226 |
| Grants and other assistance to domestic individuals. | $5,476 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,217,551 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $383,000 |
| Compensation of current officers, directors, key employees. | $383,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,894,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $247,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $314,338 |
| 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 | $500,882 |
| Advertising and promotion | $551,948 |
| Office expenses | $132,961 |
| Information technology | $39,433 |
| Royalties | $0 |
| Occupancy | $65,600 |
| Travel | $147,073 |
| 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 | $60,221 |
| All other expenses | $0 |
| Total functional expenses | $36,583,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,196,136 |
| 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 | $290,900 |
| Total assets | $9,487,036 |
| Accounts payable and accrued expenses | $557,114 |
| 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 | $557,114 |
| Net assets without donor restrictions | $8,929,922 |
| 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 | $9,487,036 |
Grants Awarded
Over the last fiscal year, Morasha Olami Inc has awarded $19,659,981 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
MOSIAC UNITED LTD PURPOSE: GENERAL SUPPORT | $2,905,850 |
Silver Spring, MD PURPOSE: GENERAL SUPPORT | $2,099,386 |
New York, NY PURPOSE: GENERAL SUPPORT | $1,614,524 |
New York, NY PURPOSE: General Support | $869,808 |
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $825,000 |
Lakewood, NJ PURPOSE: GENERAL SUPPORT | $707,946 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Morasha Olami Inc has recieved totaling $2,075,322.
| Awarding Organization | Amount |
|---|---|
E&ss Foundation Inc Atlanta, GA PURPOSE: COMMUNITY | $1,800,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $242,680 |
Moise Y Safra Foundation Inc New York, NY PURPOSE: GENERAL DONATION | $13,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $10,782 |
Jmg Foundation East Rutherford, NJ PURPOSE: EDUCATIONAL AND RELIGIOUS ACTIVITIES | $8,000 |
Todd And Raphaela Stern Foundation Skokie, IL PURPOSE: DOANTION | $360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The Israel Defense Forces New York, NY | $197,064,966 | $87,861,352 |
Central Fund Of Israel Cedarhurst, NY | $25,861,859 | $55,454,981 |
Morasha Olami Inc Lakewood, NJ | $9,487,036 | $39,914,838 |
American Friends Of Yeshiva Dmir Inc Brooklyn, NY | $9,703,912 | $39,700,022 |
Acumen Fund Inc New York, NY | $151,257,086 | $30,454,797 |
Armenian General Benevolent Union New York, NY | $296,944,132 | $43,918,491 |
Jerusalem Foundation Inc New York, NY | $41,082,907 | $16,301,645 |
American Society Of The University Of Haifa New York, NY | $7,655,758 | $11,239,823 |
Tibet Fund New York, NY | $8,176,885 | $9,507,647 |
Friends Of Ir David Inc New York, NY | $1,931,131 | $8,657,861 |
Yeshivas Chasidei Belz-Belz Institutions In Israel Brooklyn, NY | $1,824,863 | $9,693,412 |
United Board For Christian Higher Education In Asia New York, NY | $134,521,171 | $6,638,102 |