Simpser Kavod Fund
- Assets
- $546.3k
- Revenue
- $144.1k
- Investments
- $0.0
- Employees
- 2
- Location
- San Diego, CA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2780438
Organization Overview
Simpser Kavod Fund is located in San Diego, CA. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Simpser Kavod Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpser Kavod Fund 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, Simpser Kavod Fund generated $144.1k in total revenue. All expenses for the organization totaled $330.7k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION THE KAVOD FUND'S MISSION IS "TO HELP PEOPLE TO BE, AND REMAIN, SELF- SUFFICIENT AND SELF-RESPECTING PERSONS BY AID OF NON-INTEREST-BEARING LOANS, AND OTHER RELATED SERVICES AS THE INDIVIDUAL MAY REQUIRE. SUCH LOANS, AND SERVICES SHALL BE RENDERED WITH DIGNITY (KAVOD) AND RESPECT TO THOSE BEING HELPED."1 OVERVIEW THE KAVOD FUND'S STRATEGY TO ACHIEVE ITS MISSION HAS A TWO-PRONGED APPROACH: 1.DIRECT LOANS. FIRST, THE KAVOD FUND WILL MAKE INTEREST-FREE LOANS TO INDIVIDUALS, INSTITUTIONS AND SMALL BUSINESSES WHO ARE WORTHY, BUT CANNOT OTHERWISE ACCESS LOANS ON REASONABLE TERMS OR ANY LOANS ALTOGETHER. THE GOAL IS TO HELP WORTHY PERSONS TO HELP THEMSELVES IN A DIGNIFIED MANNER. BY PROVIDING DISTRESSED INDIVIDUALS WITH AN INTEREST-FREE LOAN, THE KAVOD FUND WILL PROVIDE NOT ONLY CAPITAL, BUT ALSO A SENSE OF HOPE AND WORTH, AS BORROWERS WILL KNOW SOMEONE BELIEVES IN THEM AND THEIR FUTURE SUCCESS. SOMETIMES THAT PUSH IS WHAT AN INDIVIDUAL NEEDS TO GET OUT OF A NEGATIVE CYCLE. IN ADDITION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING AND MAINTAINING A WORKING WEBSITE.
DEVELOPING AND MAINTAINING A WORKING WEBSITE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonardo Simpser President | OfficerTrustee | 5 | $0 |
Yanine Lijtszain Secretary | Officer | 0.5 | $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 | $144,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,147 |
| 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 | $144,147 |
| 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 | $0 |
| 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 | $148,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,664 |
| Payroll taxes | $7,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $158,094 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $493 |
| 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 | $825 |
| Total functional expenses | $330,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,822 |
| 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 | $413,481 |
| 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 | $546,303 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,204 |
| 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 | $179,944 |
| Total liabilities | $186,148 |
| Net assets without donor restrictions | $360,155 |
| 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 | $546,303 |