American Friends Of The Tel Aviv University Inc
- Assets
- $101.8m
- Revenue
- $55.4m
- Investments
- $6.4k
- Employees
- 33
- Location
- New York, NY
- Founding
- 08/1957
- Data as of
- 09/2022
- EIN
- 13-1996126
Organization Overview
American Friends Of The Tel Aviv University Inc is located in New York, NY. The organization was established in 1957. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2022, American Friends Of The Tel Aviv University Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of The Tel Aviv University 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 09/2022, American Friends Of The Tel Aviv University Inc generated $55.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $43.6m during the year ending 09/2022. While expenses have increased by 2.8% 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
DEVELOPMENT AND ADVANCEMENT OF HIGHER EDUCATION, RESEARCH AND TRAINING IN ALL BRANCHES OF KNOWLEDGE IN ISRAEL AND ELSEWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH IN MANY DIFFERENT AREAS INCLUDING PARKINSON'S, ALZHEIMERS'S, AND CANCER. FACULTY RECRUITMENT FOSTERS UNDERSTANDING AND OPENS NEW LINES OF COMMUNICATION AND DIALOGUE.
SCHOLARSHIPS, FELLOWSHIPS, CONSTRUCTION MONIES AND GENERAL DONATION FOR HIGHER EDUCATION HAVE ENABLED THOUSANDS OF STUDENTS TO STUDY AT TAU. DIRECTED GIFTS IN SUPPORT OF SPECIFIC FACULTIES AT TAU ALLOWED THE UNIVERSITY TO MAINTAIN ITS HIGH STANDARDS. DEDICATED GIFTS FUNDED THE CONSTRUCTION OF NEW AND/OR UPDATED DENTAL SCHOOL FACILITIES, PRESIDENTIAL SCHOLARSHIPS, YIDDISH LANGUAGE STUDIES, GENERAL SCHOLARSHIPS, THE BUSINESS SCHOOL, SUPPORT OF THE INSTITUTE FOR STRATEGIC STUDIES, CONFLICT RESOLUTION WORKSHOPS, THE MINERVA CENTER OF THE HUMANITIES, STUDENT SERVICES AND SUPPORT FOR ISRAEL'S FIRST MUSEUM DEDICATED TO HOUSING ISRAEL'S LARGEST COLLECTION OF NATURAL HISTORY.
SCIENTIFIC RESEARCH AND COMPUTER SCIENCE: AFTAU RECEIVES DESIGNATED SUPPORT FOR TOP TIER SCIENTIFIC RESEARCH BEING PERFORMED AT TAU. RESEARCH IN CANCER, ALZHEIMERS, PARKINSON'S, ALS, ORPHAN DISEASES, DRUG DISCOVERY, AND WORLD FOOD SUPPLY ISSUES. ADDITIONALLY, CUTTING EDGE RESEARCH IN NANOSCIENCE, BIO-CYBERNETICS, CYBER SECURITY AND RESEARCH, ALTERNATIVE ENERGY AND OTHER NEXT GENERATION TECHNOLOGIES ARE ALSO BEING PURSUED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gross CEO | OfficerTrustee | 38 | $450,486 |
Ari Wein CFO | OfficerTrustee | 38 | $300,799 |
Julie Lipsett-Singer Chief Development Officer | Officer | 38 | $311,200 |
Carolyn S Steinberg Associate Vp, North Ca Region | 38 | $220,671 | |
Joanna Naftali Associate Vice President, Midw | 38 | $194,478 | |
Kelly Grunther Chief Marketing Officer | Officer | 38 | $179,339 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Israel Experts Event Management | 9/29/19 | $141,136 |
Sandler Search Associates Exec. Search Firm | 9/29/19 | $187,144 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $831,430 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,655,196 |
| Noncash contributions included in lines 1a–1f | $718,345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,486,626 |
| Total Program Service Revenue | $908,466 |
| Investment income | $1,195,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,001,274 |
| Net Income from Fundraising Events | -$222,875 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,369,431 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,000 |
| Grants and other assistance to domestic individuals. | $6,868 |
| Grants and other assistance to Foreign Orgs/Individuals | $36,562,526 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,448,527 |
| Compensation of current officers, directors, key employees. | $532,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,448,245 |
| Pension plan accruals and contributions | $140,309 |
| Other employee benefits | $416,456 |
| Payroll taxes | $284,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,538 |
| Fees for services: Accounting | $128,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $293,673 |
| Fees for services: Other | $48,118 |
| Advertising and promotion | $0 |
| Office expenses | $387,816 |
| Information technology | $463,840 |
| Royalties | $0 |
| Occupancy | $463,537 |
| Travel | $127,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,692 |
| Interest | $489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,288 |
| Insurance | $69,809 |
| All other expenses | $5,000 |
| Total functional expenses | $43,554,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $689,634 |
| Savings and temporary cash investments | $6,185,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,797,743 |
| 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 | $111,755 |
| Net Land, buildings, and equipment | $188,146 |
| Investments—publicly traded securities | $43,970,757 |
| Investments—other securities | $6,382 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,870,041 |
| Total assets | $101,819,662 |
| Accounts payable and accrued expenses | $322,490 |
| Grants payable | $0 |
| Deferred revenue | $3,104,787 |
| 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 | $1,889,713 |
| Total liabilities | $5,316,990 |
| Net assets without donor restrictions | $1,344,907 |
| Net assets with donor restrictions | $95,157,765 |
| 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 | $101,819,662 |
Grants Awarded
Over the last fiscal year, American Friends Of The Tel Aviv University Inc has awarded $145,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA - BERKELEY PURPOSE: Research | $30,000 |
JACK JOSEPH AND MORTON MANDEL FOUNDATION PURPOSE: Grant | $115,710 |