Amit Children Inc
- Assets
- $14.8m
- Revenue
- $9.7m
- Investments
- $2.8k
- Employees
- 40
- Location
- New York, NY
- Founding
- 11/1946
- Data as of
- 12/2021
- EIN
- 13-5631502
Organization Overview
Amit Children Inc is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Amit Children Inc employed 40 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Amit Children 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, Amit Children Inc generated $9.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
TO PROVIDE UNDERPRIVILEGED CHILDREN IN ISRAEL WITH FAMILY CENTERED CHILD CARE AND TO OPERATE A NETWORK OF QUALITY SCHOOLS IN ISRAEL WITHIN A RELIGIOUS ZIONIST FRAMEWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMIT ENABLES ISRAEL'S YOUTH TO REALIZE THEIR POTENTIAL AND STRENGTHEN ISRAELI SOCIETY BY EDUCATING AND NURTURING CHILDREN FROM DIVERSE BACKGROUNDS WITHIN A FRAMEWORK OF ACADEMIC EXCELLENCE, JEWISH VALUES AND ZIONIST IDEALS. FOUNDED IN 1925, AMIT OPERATES 110 SCHOOLS, YOUTH VILLAGES, SURROGATE FAMILY RESIDENCES AND OTHER PROGRAMS IN 33 CITIES, CONSTITUTING ISRAEL'S ONLY GOVERNMENT-RECOGNIZED NETWORK OF RELIGIOUS JEWISH EDUCATION INCORPORATING ACADEMIC AND TECHNOLOGICAL STUDIES. - ISRAEL'S MINISTRY OF EDUCATION NAMED AMIT THE NUMBER 1 EDUCATIONAL NETWORK FOR THE PAST FIVE YEARS! - 44,000 STUDENTS FROM DIVERSE POPULATIONS IN 33 CITIES; 70% IN THE SOCIOLOGY/ECONOMIC AND GEOGRAPHIC PERIPHERY OF THE COUNTRY. - 92% BAGRUT DIPLOMA RATE COMPARED WITH NATIONAL AVERAGE OF 79%. - 21% OF STUDENTS TAKE 5 POINT PHYSICS. - AT-RISK STUDENTS WHO ATTEND JUNIOR COLLEGES - 383 - AMIT LAUNCHES NETWORK-WIDE HYBRID GOGYA PLATFORM TO ALLOW FOR GREATER OPPORTUNITIES FOR ALL STUDENTS, AND HAS 6,000 STUDENTS ENROLLED IN THE PROGRAM, WITH OVER 130 COURSES OFFERED. - 10,000 STUDENTS PARTICIPATE IN AMIT'S UNIQUE ECOSYSTEM PROGRAM FOR REAL-WORLD EXPOSURE AND RELEVANT LEARNING. - OVER 50 GOGYA SPACES EXIST ACROSS THE NETWORK, AND 7 NEW AND INNOVATIVE SCHOOL BUILDINGS ARE BEING DEVELOPED. - 1,400 TEACHERS TAKE PART IN 22 SUBJECT-BASED, NETWORK-WIDE PROFESSIONAL TEACHER COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Goldsmith Executive VP | Officer | 40 | $349,798 |
Genene Kaye Director Of Planned Giving | Officer | 40 | $178,999 |
Debra Lyman Director Of Operations | 40 | $137,839 | |
Audrey Trachtman President | OfficerTrustee | 6 | $0 |
Sharon Merkin Chair, Board Of Directors | OfficerTrustee | 0.5 | $0 |
Joyce Straus Chair, Board Of Directors | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $682,652 |
| Related organizations | $0 |
| Government grants | $954,388 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,691,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,328,775 |
| Total Program Service Revenue | $0 |
| Investment income | $100,918 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $243,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,699,451 |
| 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 | $5,346,199 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $583,020 |
| Compensation of current officers, directors, key employees. | $144,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,124,020 |
| Pension plan accruals and contributions | $40,866 |
| Other employee benefits | $116,620 |
| Payroll taxes | $199,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,663 |
| Fees for services: Accounting | $65,884 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,674 |
| Fees for services: Other | $46,981 |
| Advertising and promotion | $168,230 |
| Office expenses | $306,738 |
| Information technology | $66,845 |
| Royalties | $0 |
| Occupancy | $509,186 |
| Travel | $83,446 |
| 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 | $523,610 |
| Insurance | $40,806 |
| All other expenses | $160,336 |
| Total functional expenses | $10,720,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,736 |
| Savings and temporary cash investments | $492,264 |
| Pledges and grants receivable | $4,529,942 |
| Accounts receivable, net | $1,500 |
| 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 | $11,000 |
| Net Land, buildings, and equipment | $3,579,346 |
| Investments—publicly traded securities | $5,274,424 |
| Investments—other securities | $2,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,905 |
| Total assets | $14,766,891 |
| Accounts payable and accrued expenses | $1,495,032 |
| 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 | $139,569 |
| Other liabilities | $515,344 |
| Total liabilities | $2,149,945 |
| Net assets without donor restrictions | $8,274,422 |
| Net assets with donor restrictions | $4,342,524 |
| 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 | $14,766,891 |
Grants Recieved
Over the last fiscal year, we have identified 40 grants that Amit Children Inc has recieved totaling $1,123,286.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $532,393 |
Evan & Layla Green Family Foundation Las Vegas, NV PURPOSE: FURTHER THE MISSION OF THE ORG | $139,100 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $96,664 |
Zahava And Moshael J Straus Family Foundation Englewood Cliffs, NJ PURPOSE: PRESIDENT'S CIRCLE | $50,000 |
David J Soloway Foundation Inc Boynton Beach, FL PURPOSE: MOTHER-IN-ISRAEL CAMPAIGN | $50,000 |
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $28,100 |
Endowment Analysis
| Beg. Balance | $200,000 |
| Ending Balance | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |
American Jewish World Service Inc New York, NY | $71,781,906 | $45,997,172 |
Pro Mujer Inc New York, NY | $221,412,399 | $46,513,948 |
End Fund Inc New York, NY | $37,486,570 | $35,034,243 |
Mass Design Group Boston, MA | $18,857,873 | $26,613,676 |
International Planned Parenthood Federation New York, NY | $125,289,147 | $35,794,628 |
Hope International Lancaster, PA | $24,473,719 | $28,112,600 |
International School Of Kenya Foundation Inc Princeton, NJ | $4,652,722 | $24,555,345 |
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |