Foundation For Sephardic Studies Inc
- Assets
- $4.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 06/1983
- Data as of
- 11/2021
- EIN
- 11-2553513
Organization Overview
Foundation For Sephardic Studies Inc is located in Brooklyn, NY. The organization was established in 1983. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Sephardic Studies 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 11/2021, Foundation For Sephardic Studies Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.4m during the year ending 11/2021. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION HAS BEEN DEDICATED TO ENHANCE AND PROMOTING THE CULTURE OF THE SEPHARDIC JEWISH COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A FULL SERVICE SYNAGOGUE AND ALL RELATED ACTIVITIES DAILY RELIGIOUS SERVIVES LECTURESRELIGIOUS EDUCATION YOUTH PROGRAMS AND ACTIVITIES HOLIDAY CELEBRATIONS ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Mandel Operation Fin. Resource Director | OfficerTrustee | 40 | $0 |
Seymour Sammell Treasurer | Trustee | 5 | $0 |
Solomon Fallas President | Trustee | 5 | $0 |
Raymond Gindi Secretary/director | Trustee | 5 | $0 |
Isaac Gindi Secretary/director | Trustee | 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 | $1,000,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,289 |
| Total Program Service Revenue | $299,744 |
| 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 | $71,766 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,451,621 |
| 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 | $483,364 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,614 |
| Fees for services: Management | $80,532 |
| 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 | $62,450 |
| Advertising and promotion | $0 |
| Office expenses | $119,817 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,647 |
| Insurance | $33,015 |
| All other expenses | $12,997 |
| Total functional expenses | $1,388,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,738 |
| 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 | $15,655 |
| Net Land, buildings, and equipment | $3,775,341 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,103,734 |
| Accounts payable and accrued expenses | $13,562 |
| 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 | $775,760 |
| Total liabilities | $789,322 |
| Net assets without donor restrictions | $3,314,412 |
| 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 | $4,103,734 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Sephardic Studies Inc has recieved totaling $550.
| Awarding Organization | Amount |
|---|---|
Comp Foundation Inc Brooklyn, NY PURPOSE: CHARITABLE | $550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interchurch Center New York, NY | $54,976,788 | $17,726,454 |
Friendship Circle Metrowest Inc Livingston, NJ | $967,476 | $2,025,951 |
Friends Of Neve College For Women Inc New York, NY | $2,215,346 | $1,348,582 |
Foundation For Sephardic Studies Inc Brooklyn, NY | $4,103,734 | $1,451,621 |
1210 Scott St Inc New York, NY | $24,104,653 | $325,005 |
American Friends Of Aram Soba Brooklyn, NY | $115,614 | $1,014,651 |
Array Of Hope Inc Old Tappan, NJ | $1,134,046 | $1,346,974 |
Catholic Human Services Foundation Pittstown, NJ | $5,212,673 | $696,286 |
Our Lady Of Lourdes Hospitality North American Volunteers Syracuse, NY | $1,009,161 | $697,047 |
Cathedral Childcare Inc Philadelphia, PA | $5,712 | $480,016 |
Droste Mental Health Services Inc New York, NY | $238,974 | $483,410 |
Malachi Network Inc Quarryville, PA | $0 | $490,013 |