Sepharadic Heritage Alliance Inc
- Assets
- $532.4k
- Revenue
- $229.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Great Neck, NY
- Founding
- 04/1993
- Data as of
- 08/2019
- EIN
- 11-3127249
Organization Overview
Sepharadic Heritage Alliance Inc is located in Great Neck, NY. The organization was established in 1993. According to its NTEE Classification (X30) the organization is classified as: Judaism, 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. Sepharadic Heritage Alliance 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 08/2019, Sepharadic Heritage Alliance Inc generated $229.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $330.0k during the year ending 08/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sepharadic Heritage Alliance Inc has awarded 14 individual grants totaling $401,225. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SEPHARDIC CULTURE AND TRADITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AID TO EDUCATIONAL AND RELIGIOUS INSTITUTIONS
AID TO NEEDY STUDENTS TO GUIDE THEM ON COMMUNITY VALUES, THE SEPHARDIC CULTURE AND BENEFITS OF THE SEPHARDIC TRADITIONS.
AID TO SENIOR CITIZENS IN GREAT NECK SENIOR CITIZEN RESIDENCE
OTHER
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Cohen Azarkian Vice Preside | Trustee | $0 | |
Rebecca Y Sassouni President | Trustee | $0 | |
Raymond Esaghoff Treasurer | Trustee | $0 | |
Erika Goldstein Kashi Vice Preside | Trustee | $0 | |
David Pour Secretary | Trustee | $0 | |
Michael Delafraz Vice Preside | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,024 |
| Investment income | $6,700 |
| 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 | $229,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $132,100 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,600 |
| Advertising and promotion | $24,480 |
| Office expenses | $4,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,150 |
| Travel | $1,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9,220 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,542 |
| All other expenses | $0 |
| Total functional expenses | $330,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,229 |
| Savings and temporary cash investments | $206,282 |
| Pledges and grants receivable | $33,881 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $532,392 |
| Accounts payable and accrued expenses | $7,754 |
| 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 | $7,754 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $524,638 |
Grants Awarded
Over the last fiscal year, Sepharadic Heritage Alliance Inc has awarded $95,520 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LONG ISLAND HEBREW ACADEMYLONG ISLAND HEWBREW ACADEMY PURPOSE: SCHOLARSHIPS | $61,320 |
Great Neck, NY PURPOSE: AID SENIOR CITIZENS | $27,700 |
MISCELLANEOUS OTHERS | | | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sepharadic Heritage Alliance Inc has recieved totaling $25,018.
| Awarding Organization | Amount |
|---|---|
Iranian American Jewish Federation Great Neck, NY PURPOSE: GENERAL COMMUNITY SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society For Hebrew Day Schools Brooklyn, NY | $59,848,219 | $54,168,164 |
Yeshivat Darche Eres Inc Brooklyn, NY | $74,421,556 | $48,431,872 |
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |