My Tzedakah Fund Inc
- Assets
- $71.6k
- Revenue
- $424.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodmere, NY
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-2934728
Organization Overview
My Tzedakah Fund Inc is located in Woodmere, NY. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Tzedakah Fund 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, My Tzedakah Fund Inc generated $424.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $452.0k during the year ending 12/2022. While expenses have increased by 38.9% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MY TZEDAKAH FUNDS MISSION IS TO EMPOWER THE NEXT GENERATION OF JEWISH DONORS TO BE ACTIVELY INVOLVED IN CHARITABLE GIVING AND FOCUS ON REVERSING A DECLINE IN GIVING AMONG THE YOUNGER GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONLINE GIVING PLATFORM FACILITATING FUNDRAISING TO SUPPORT GRANT MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carly Friedman President | OfficerTrustee | 15 | $27,000 |
Robert Rothenberg President | OfficerTrustee | 1 | $0 |
Marc Friedman Treasurer | OfficerTrustee | 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 | $424,362 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $424,362 |
| 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 | $424,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,244 |
| 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. | $27,000 |
| Compensation of current officers, directors, key employees. | $13,500 |
| 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 | $13,132 |
| Fees for services: Legal | $2,502 |
| Fees for services: Accounting | $11,974 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,114 |
| Office expenses | $7,804 |
| Information technology | $155,335 |
| 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 | $24,926 |
| Insurance | $636 |
| All other expenses | $0 |
| Total functional expenses | $451,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,017 |
| 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 | $49,851 |
| Other assets | $14,744 |
| Total assets | $71,612 |
| 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 | $71,612 |
| 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 | $71,612 |
Grants Awarded
Over the last fiscal year, My Tzedakah Fund Inc has awarded $40,545 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN COMMITTEE FOR SHAARE ZEDEK HOSPITAL PURPOSE: TO PROVIDE SUPPORT FOR SERVICE AND EQUIPMENT FOR THE SHARE ZEDEK MEDICAL CENTER | $6,419 |
AMERICAN FREINDS OF YAD ELIEZER PURPOSE: TO RENDER FINANCIAL AID AND SUPPORT TO THE POOR | $12,080 |
CHAI LIFELINE INC PURPOSE: TO SUPPORT BRINGING JOY AND HOPE TO FAMILIES IMPACTED BY SERIOUS ILLNEES AND LOSS | $7,079 |
AMERICAN FRIENDS OF LEKET ISREAL INC PURPOSE: TO SUPPORT EFFICENT COLLECTION AND DISTRIBUTION OF SURPLUS NUTRICIOUS FOOD TO THOSE WHO NEED IT | $9,168 |
ORA PURPOSE: TO SUPPORT SEEKING TO ELIMINATE ABUSE FROM THE JEWISH SUPPORT PROCESS | $5,799 |