Barkai Foundation Inc
- Assets
- $20.5m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 174
- Location
- Brooklyn, NY
- Founding
- 06/2000
- Data as of
- 08/2022
- EIN
- 11-3487526
Organization Overview
Barkai Foundation Inc is located in Brooklyn, NY. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2022, Barkai Foundation Inc employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barkai Foundation 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 08/2022, Barkai Foundation Inc generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $9.4m during the year ending 08/2022. While expenses have increased by 1.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A SEPHARDIC JEWISH SCHOOL, FROM PRESCHOOL TO 8TH GRADE. THE SCHOOL OFFERS A DUAL CURRICULUM, COMBINING AN INTENSIVE SECULAR EDUCATION WITH COMPREHENSIVE JUDAIC STUDIES IMBUED WITH THE TRADITIONS OF THE SEPHARDIC COMMUNITY OF SYRIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gindi Trustee | Trustee | 5 | $0 |
Sam Haddad Trustee | Trustee | 5 | $0 |
Solomon Fallas Trustee | Trustee | 5 | $0 |
Richard E Chalme President | OfficerTrustee | 10 | $0 |
Frieda Franco Trustee | Trustee | 5 | $0 |
Deborah Shiloach Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,934,702 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $578,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,248,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,760,984 |
| 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 | $10,634,718 |
| 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. | $105,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,995,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $369,224 |
| Payroll taxes | $0 |
| Fees for services: Management | $24,000 |
| Fees for services: Legal | $7,100 |
| Fees for services: Accounting | $24,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,709 |
| Advertising and promotion | $7,006 |
| Office expenses | $50,831 |
| Information technology | $18,718 |
| Royalties | $0 |
| Occupancy | $47,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $448,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591,732 |
| Insurance | $86,358 |
| All other expenses | $253,531 |
| Total functional expenses | $9,407,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,809 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $505,349 |
| 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 | $12,660 |
| Net Land, buildings, and equipment | $19,129,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,405 |
| Total assets | $20,534,451 |
| Accounts payable and accrued expenses | $523,969 |
| Grants payable | $0 |
| Deferred revenue | $958,670 |
| 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 | $10,666,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,149,426 |
| Net assets without donor restrictions | $8,385,025 |
| 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 | $20,534,451 |