American Friends Of Meir Panim
- Assets
- $3.2m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Brooklyn, NY
- Founding
- 11/2005
- Data as of
- 06/2022
- EIN
- 20-1582478
Organization Overview
American Friends Of Meir Panim is located in Brooklyn, NY. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, American Friends Of Meir Panim employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Friends Of Meir Panim 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 06/2022, American Friends Of Meir Panim generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 5.3% 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
THE ORGANIZATION'S MISSION IS TO ALLEVIATE AND DIMINISH THE HARMFUL EFFECTS OF POVERTY ON THOUSANDS OF FAMILIES BY SUPPORTING A RANGE OF FOOD AND SOCIAL SERVICE PROGRAMS AIMED AT HELPING THE NEEDY WITH DIGNITY AND RESPECT, INCLUDING FREE FREE HOT MEALS IN A RESTAURANT ENVIRONMENT, MEALS-ON-WHEELS, SCHOOL LUNCH PROGRAMS, PRE-PAID FOOD CARD DISTRIBUTION, VOCATIONAL TRAINING AND AFTER-SCHOOL YOUTH CLUBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE USED TO SUPPORT ORGANIZATIONS THAT PROVIDE FREE HOT MEALS FOR NEEDY PEOPLE.(THESE ACTIVITIES ARE AS DESCRIBED IN PARAGRPH 3 OF THE CHARTERS OF THEORGANIZATION.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Roth President/director | OfficerTrustee | 40 | $142,000 |
Aaron Cohen Director | Trustee | 5 | $0 |
Jennifer Gross Director | Trustee | 5 | $0 |
Cantor Ofer Barnoy Director | Trustee | 5 | $0 |
Avi Albrecht Director | Trustee | 5 | $0 |
Martin E Levine Director | Trustee | 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 | $6,459,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,459,009 |
| Total Program Service Revenue | $0 |
| Investment income | $8,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $274,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,742,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,892,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,937,850 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $440,463 |
| Compensation of current officers, directors, key employees. | $67,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,161 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,320 |
| Payroll taxes | $32,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,394 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,774 |
| Advertising and promotion | $50,916 |
| Office expenses | $69,796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,608 |
| Travel | $17,510 |
| 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 | $20,401 |
| All other expenses | $0 |
| Total functional expenses | $6,687,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,566,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,003 |
| 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 | $1,577,913 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,190,894 |
| Accounts payable and accrued expenses | $41,513 |
| 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 | $41,513 |
| Net assets without donor restrictions | $3,149,381 |
| 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 | $3,190,894 |
Grants Awarded
Over the last fiscal year, American Friends Of Meir Panim has awarded $341,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALEH TAHOR PURPOSE: TO FURTHER ORGANIZATION'S MISSION | $335,000 |
BAIS HATAVSHIL PURPOSE: TO FURTHER ORGANIZATION'S MISSION | $3,000 |
CONG MEKOR CHAIM PURPOSE: TO FURTHER ORGANIZATION'S MISSION | $3,300 |