Friends Of Mayanot Institute Inc
- Assets
- $702.2k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 06/1998
- Data as of
- 12/2023
- EIN
- 11-3348050
Organization Overview
Friends Of Mayanot Institute Inc is located in New York, NY. The organization was established in 1998. As of 12/2023, Friends Of Mayanot Institute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Mayanot Institute 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 12/2023, Friends Of Mayanot Institute Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMPANY'S MISSION STATEMENT: TO CULTIVATE AN AWARENESS OF JEWISH IDENTITY AND A PASSION FOR THE JEWISH FUTURE THROUGH BIRTHRIGHT TRIPS TO ISRAEL AND A YESHIVA STUDY PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CULTIVATE AN AWARENESS OF JEWISH IDENTITY AND A PASSION FOR THE JEWISH FUTURE THROUGH BIRTHRIGHT TRIPS TO ISRAEL AND A YESHIVA STUDY PROGRAM AT MAYANOT INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kasriel Shemtov Executive Director | OfficerTrustee | 40 | $92,975 |
Shlomo Gestetner Director | OfficerTrustee | 40 | $0 |
Avrahom Silver Director | Trustee | 5 | $0 |
Jeffrey Cohen Director | Trustee | 5 | $0 |
Andrew Abraham Director | Trustee | 5 | $0 |
Mordechai Haller 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 | $1,619,426 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,426 |
| Total Program Service Revenue | $580,164 |
| 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 | $2,199,590 |
| 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. | $92,975 |
| Compensation of current officers, directors, key employees. | $92,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,442 |
| 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 | $0 |
| Advertising and promotion | $308 |
| Office expenses | $1,781 |
| Information technology | $29,958 |
| Royalties | $0 |
| Occupancy | $32,957 |
| Travel | $25,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,911 |
| All other expenses | $626,681 |
| Total functional expenses | $2,589,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,776 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $230,820 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,000 |
| Total assets | $702,230 |
| 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 | $174,236 |
| Total liabilities | $174,236 |
| Net assets without donor restrictions | $527,994 |
| 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 | $702,230 |