Morasha Olami Inc
- Assets
- $3.8m
- Revenue
- $34.9m
- Investments
- $200.5k
- Employees
- 96
- Location
- Lakewood, NJ
- Founding
- 11/2017
- Data as of
- 12/2022
- 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 12/2022, Morasha Olami Inc employed 96 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 12/2022, Morasha Olami Inc generated $34.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $40.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Morasha Olami Inc has awarded 619 individual grants totaling $128,509,266. 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
2022
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 |
|---|---|---|---|
David Michael Markowitz Director | Trustee | 5 | $180,923 |
Miriam Tennenbaum Fundraising | 35 | $223,694 | |
Shlomo Landau Program | 35 | $110,723 | |
Menachem Deutsch Secretary | Trustee | 5 | $140,500 |
Benzion Z Klatzko Senior Educator | 35 | $96,010 | |
David Shabtai Program | 35 | $142,441 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Laggat Bruah Consulting | 12/30/22 | $339,050 |
The Saffron Culinary Llc Professional | 12/30/22 | $998,540 |
Fleisschman Peles Ltd Events & Production | 12/30/22 | $332,679 |
H8 Advisory Llc Consulting | 12/30/22 | $210,000 |
Stratevize Hr Inc Hr Services | 12/30/22 | $153,557 |
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 | $34,852,135 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,852,135 |
| Total Program Service Revenue | $0 |
| Investment income | $88,563 |
| 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 | $34,940,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,096,733 |
| Grants and other assistance to domestic individuals. | $15,018 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,564,130 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $416,923 |
| Compensation of current officers, directors, key employees. | $416,923 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,211,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,453 |
| Payroll taxes | -$369,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $281,005 |
| Fees for services: Accounting | $17,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $376,145 |
| Advertising and promotion | $423,864 |
| Office expenses | $95,025 |
| Information technology | $98,530 |
| Royalties | $0 |
| Occupancy | $37,960 |
| Travel | $338,234 |
| 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 | -$2,183 |
| All other expenses | $0 |
| Total functional expenses | $40,569,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,810,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $669,040 |
| 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 | $50,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $200,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,238 |
| Total assets | $3,766,305 |
| Accounts payable and accrued expenses | $465,642 |
| 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 | $465,642 |
| Net assets without donor restrictions | $3,300,663 |
| 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 | $3,766,305 |
Grants Awarded
Over the last fiscal year, Morasha Olami Inc has awarded $24,096,733 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
AFIKIM FOUNDATION PURPOSE: General Support | $803,232 |
AISH GLOBAL PURPOSE: General Support | $104,952 |
AISH HATORAH OF CLEVELAND PURPOSE: GENERAL SUPPORT | $46,519 |
AISH LA PURPOSE: GENERAL SUPPORT | $116,818 |
AMERICAN COMMITTEE FOR EDUCAT PURPOSE: GENERAL SUPPORT | $1,062,500 |
ALEH LEMAALA INC PURPOSE: General Support | $28,000 |