Efrat Development Foundation Usa
- Assets
- $2.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Mineola, NY
- Founding
- 08/2005
- Data as of
- 12/2023
- EIN
- 20-2178658
Organization Overview
Efrat Development Foundation Usa is located in Mineola, NY. The organization was established in 2005. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Efrat Development Foundation USA 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 12/2023, Efrat Development Foundation USA generated $2.2m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 45.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED TO ENHANCE THE QUALITY OF LIFE FOR INDIVIDUALS RESIDING IN THE TOWN OF EFRAT, LOCATED IN ISRAEL, BY RAISING FUNDS AND PROVIDING DONATIONS TO VARIOUS CHARITIES AND ORGANIZATIONS THAT ARE LOCATED IN EFRAT THAT FOCUS ON IMPROVING THE QUALITY OF LIFE OF EFRAT'S RESIDENTS AND WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, AND FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, WITHIN THE MEANING OF SECTION 170(C)(3) OF THE INTERNAL REVENUE CODE, AND TO HELP PUBLICIZE THE NEED FOR SUCH FUNDS AND ASSISTANCE, AND FOR THE CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO EFRAT DEVELOPMENT FOUNDATION, ISRAEL, FOR VARIOUS SOCIAL WELFARE PROJECTS INCLUDING THE BUILDING OF A NEW HEALTH AND SPORTS CENTER, THE PURCHASES OF BOOKS AND EQUIPMENT FOR ELEMENTARY SCHOOLS AND KINDERGARDENS, PROGRAMS FOR YOUTH AT RISK, A BATTING RANGE FOR A YOUTH BASEBALL TEAM, CHILD DEVELOPMENT AND FOOD DISTRIBUTION IN THE CITY OF EFRAT, ISRAEL. DURING 2023, BECAUSE OF THE OCTOBER 7TH ATTACK, ADDITIONAL GRANTS WERE GIVEN TO IMPROVE SECURITY IN THE CITY OF EFRAT,ISRAEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Hayman CFO | OfficerTrustee | 1 | $0 |
Tommy Lamm Board Member | Trustee | 1 | $0 |
Joshua Landes Secretary | OfficerTrustee | 1 | $0 |
Oded Revivi President & | OfficerTrustee | 1 | $0 |
Menachem Spitz Vice Preside | OfficerTrustee | 1 | $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 | $2,150,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,150,964 |
| Total Program Service Revenue | $0 |
| 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 | $2,150,964 |
| 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 | $1,478,588 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $6,500 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,495,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,128,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $943,417 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,071,756 |
| Accounts payable and accrued expenses | $6,775 |
| 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 | $6,775 |
| Net assets without donor restrictions | $1,121,564 |
| Net assets with donor restrictions | $943,417 |
| 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 | $2,071,756 |