Bonei Olam Inc
- Assets
- $9.7m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Brooklyn, NY
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 11-3473757
Organization Overview
Bonei Olam Inc is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Bonei Olam Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonei Olam 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 12/2021, Bonei Olam Inc generated $27.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $26.9m during the year ending 12/2021. While expenses have increased by 18.9% per year over the past 7 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
BONEI OLAM PROVIDES FINANCIAL ASSISTANCE,GUIDANCE & REFERRALS FOR ASSISTED REPRODUCTIVE TECHNOLOGY,INCLUDING CONSULTATIONS, WORK UP, MEDICATIONS, HIGH RISK PREGNANCY,PREIMPLANTATION GENETIC DIAGNOSIS,PRE & POST CANCER,EDUCATION,AWARENESS,ADOPTION ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL PAYMENTS FOR TREATMENT OF INFERTILITY AND HIGH RISK PREGNANCIES. COUNSELING, EDUCATION, AND REFERALS TO RECIPIENTS RELATING TO VARIOUS TREATMENTS AND OPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Schlomo Bochner Director | Trustee | 25 | $0 |
Judy Twersky Director | Trustee | 5 | $0 |
Meyer Bornfreund Director | Trustee | 5 | $0 |
Chaim Freier Director | Trustee | 5 | $0 |
Elias Spielman Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Y&l Fundraising Co Fundraising Services | 12/30/21 | $121,724 |
Bgold Marketing Llc Marketing | 12/30/21 | $468,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,887,361 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,026,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,914,148 |
| 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 | -$1,383,588 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,530,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,783,038 |
| Grants and other assistance to domestic individuals. | $9,264,696 |
| 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 | $1,249,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $89,988 |
| 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 | $990,800 |
| Advertising and promotion | $743,418 |
| Office expenses | $2,238,988 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,560 |
| Travel | $20,967 |
| 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 | $20,482 |
| Insurance | $106,776 |
| All other expenses | $963,612 |
| Total functional expenses | $26,887,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,488,820 |
| 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 | $131,289 |
| Net Land, buildings, and equipment | $277,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,794,583 |
| Total assets | $9,692,462 |
| Accounts payable and accrued expenses | $175,232 |
| Grants payable | $1,697,723 |
| 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 | $1,872,955 |
| Net assets without donor restrictions | $7,819,507 |
| 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 | $9,692,462 |
Grants Awarded
Over the last fiscal year, Bonei Olam Inc has awarded $8,733,038 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BONEI OLAM CENTRAL JERSEY | | | $2,500,000 |
BONEI OLAM ROCKLAND COUNTY | | | $1,500,000 |
BONEI OLAM WILLIAMSBURG | | | $1,500,000 |
BONEI OLAM BOROUGH PARK | | | $1,500,000 |
BONEI OLAM ORANGE COUNTY | | | $1,500,000 |
Brooklyn, NY | | $233,038 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bonei Olam Inc has recieved totaling $996.
| Awarding Organization | Amount |
|---|---|
My 613 Foundation Inc Lakewood, NJ PURPOSE: MEDICAL | $500 |
Tilly Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $216 |
Ip Foundation Lawrence, NY PURPOSE: GENERAL SUPPORT PURPOSES | $180 |
Barber Family Foundation Brooklyn, NY PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Behavioral Health Services Of Somerset And Bedford Counties Somerset, PA | $16,844,873 | $33,708,337 |
Bonei Olam Inc Brooklyn, NY | $9,692,462 | $27,530,560 |
Don Services Inc New Castle, PA | $5,577,472 | $22,542,773 |
Medical Debt Resolution Inc Long Island City, NY | $56,504,785 | $17,143,600 |
Ten Thousand Villages Akron, PA | $14,547,846 | $9,360,200 |
Disability Allies Inc Woodbridge, NJ | $6,966,940 | $10,816,279 |
Center For Humanistic Change Of New Jersey Inc Stanhope, NJ | $11,543,417 | $9,855,582 |
Awakening Sanctuary Inc Burlington, VT | $7,357,011 | $5,820,072 |
Make The Road States Inc Brooklyn, NY | $7,408,251 | $7,425,065 |
Change Machine Brooklyn, NY | $5,832,796 | $6,179,294 |
Cumac Echo Inc Paterson, NJ | $2,528,208 | $5,734,886 |
Hot Bread Kitchen Ltd New York, NY | $8,864,419 | $5,150,030 |