Friends Of Bezalel Academy Of Arts And Designs Inc
- Assets
- $2.0m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 11/1978
- Data as of
- 12/2021
- EIN
- 13-2952614
Organization Overview
Friends Of Bezalel Academy Of Arts And Designs Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Bezalel Academy Of Arts And Designs 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, Friends Of Bezalel Academy Of Arts And Designs Inc generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $22.3m during the year ending 12/2021. While expenses have increased by 54.5% 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
FUNDS COLLECTED TO SUPPORT THE MISSION OF BEZALEL ACADEMY OF ARTS AND DESIGN JERUSALEM ISRAEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PROGRAM SERVICE IS TO SUPPORT THE BEZALEL ACADEMY OF ARTS & DESIGN IN JERUSALEM, ISRAEL AND ENGAGE IN RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ilan Kaufthal Chairman Of Board, President | OfficerTrustee | 5 | $0 |
Sivia Loria Vice President | OfficerTrustee | 1 | $0 |
Lauren Presser Vice President | OfficerTrustee | 1 | $0 |
Raanan Agus Vice President | OfficerTrustee | 1 | $0 |
Abigail Doft Treasurer | OfficerTrustee | 1 | $0 |
Ehud Urman Executive Director, Secretary | Officer | 35 | $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 | $22,139,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,139,500 |
| Total Program Service Revenue | $0 |
| Investment income | $38,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $376,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,554,800 |
| 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 | $22,178,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,800 |
| Compensation of current officers, directors, key employees. | $14,600 |
| 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 | $24,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $900 |
| Information technology | $6,500 |
| Royalties | $0 |
| Occupancy | $11,400 |
| Travel | $2,100 |
| 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 | $0 |
| Insurance | $7,100 |
| All other expenses | $23,000 |
| Total functional expenses | $22,333,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $894,200 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $847,400 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,039,900 |
| Accounts payable and accrued expenses | $13,600 |
| 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 | $13,600 |
| Net assets without donor restrictions | $1,108,500 |
| Net assets with donor restrictions | $917,800 |
| 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 | $2,039,900 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of Bezalel Academy Of Arts And Designs Inc has recieved totaling $726,923.
| Awarding Organization | Amount |
|---|---|
William Davidson Foundation Birmingham, MI PURPOSE: SUPPORT FOR NEW JERUSALEM CAMPUS VIA ONE OF THE DONOR DESIGNATION OPPORTUNITIES (E.G., ARTS & DESIGN TERRACE GALLERY) | $500,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $176,900 |
Jewish Federation Of Palm Beach County Inc West Palm Beach, FL PURPOSE: GENERAL SUPPORT | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $797,800 |
| Earnings | $49,600 |
| Ending Balance | $847,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Friends Of The Israel Museum New York, NY | $210,139,805 | $22,216,217 |
Friends Of Bezalel Academy Of Arts And Designs Inc New York, NY | $2,039,900 | $22,554,800 |
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
Mary Louise Curtis Bok Foundation Philadelphia, PA | $100,159,634 | $12,712,681 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
Pbs39 Foundation Corporation Bethlehem, PA | $103,089,426 | $11,164,328 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Academy Of Music Of Philadelphia Inc Philadelphia, PA | $30,910,650 | $3,266,946 |