American Friends Of Lev Aharon
- Assets
- $614.6k
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 2
- Location
- New York, NY
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 13-3706282
Organization Overview
American Friends Of Lev Aharon is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2021, American Friends Of Lev Aharon employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Lev Aharon 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, American Friends Of Lev Aharon generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 18.7% 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
SUPPORT OF EDUCATIONAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF FINANCIAL SUPPORT TO THE REILIGIOUS EDUCATIONAL INSTITUTION OF YESHIVAT LEV AHARON. THIS INCLUDES INDIVIDUAL STUDENT GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Dayon Secretary | OfficerTrustee | 40 | $173,000 |
Allan Safdeye Treasurer | OfficerTrustee | 10 | $0 |
Rabbi David Laniado President | OfficerTrustee | 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 | $3,015,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,015,137 |
| Total Program Service Revenue | $676,678 |
| 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 | $3,691,815 |
| 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 | $2,763,536 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,000 |
| Compensation of current officers, directors, key employees. | $173,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,967 |
| Fees for services: Management | $303,134 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| 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 | $5,465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,500 |
| Travel | $3,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,790 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,926,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $412,204 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $104,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $614,615 |
| 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 | $147,503 |
| Other liabilities | $0 |
| Total liabilities | $147,503 |
| Net assets without donor restrictions | $467,112 |
| 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 | $614,615 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that American Friends Of Lev Aharon has recieved totaling $583,262.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $563,942 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $5,720 |
Mari Charitable Foundation Inc Brooklyn, NY PURPOSE: CHARITABLE PURPOSES | $2,600 |
Comp Foundation Inc Brooklyn, NY PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
United States Catholic Conference Braintree, MA | $123,922,758 | $12,241,413 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Jewish Community Foundation Inc Cherry Hill, NJ | $42,600,461 | $8,752,647 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Yaazoru Inc Lakewood, NJ | $191,815 | $3,860,512 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $82,672,017 | $6,191,311 |
Toras Chesed Inc Lakewood, NJ | $1,591,221 | $3,876,581 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |
Trustees Of Colt Bequest Inc Hartford, CT | $74,046,070 | $7,649,069 |