Agudas Tov Vchesed Inc
- Assets
- $72.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Monsey, NY
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-2408857
Organization Overview
Agudas Tov Vchesed Inc is located in Monsey, NY. The organization was established in 2005. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agudas Tov Vchesed 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 12/2022, Agudas Tov Vchesed Inc generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Agudas Tov Vchesed Inc has awarded 49 individual grants totaling $6,724,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GRANTS FOR NEEDY INDIVIDUALS AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE AWARDED GRANTS TO MANY ORGANIZATIONS TO RELIEVE JEWISH POVERTY.
WE AWARDED GRANTS TO NEEDY FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mendel Lichter President | OfficerTrustee | 5 | $0 |
Nachman Aroll Secretary | OfficerTrustee | $0 | |
Nechemia Rosenfeld Secretary | OfficerTrustee | $0 | |
Shlomo Kostalitz Treasurer | OfficerTrustee | $0 | |
Gitty Isaacs Director | Trustee | $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 | $1,854,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,854,206 |
| 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 | $1,854,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $336,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,448,538 |
| 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 | $43,827 |
| Office expenses | $29,009 |
| 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 | $504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,864,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,333 |
| Savings and temporary cash investments | $2,127 |
| Pledges and grants receivable | $0 |
| 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 | $15,360 |
| Total assets | $72,820 |
| 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 | $0 |
| Other liabilities | $158,000 |
| Total liabilities | $158,000 |
| Net assets without donor restrictions | -$85,180 |
| 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 | $72,820 |
Grants Awarded
Over the last fiscal year, Agudas Tov Vchesed Inc has awarded $336,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AHAVAS TZEDUKAH VACHESED PURPOSE: AID TO INDIGENT | $47,100 |
KEREN CHASANIM OF SAAD L TALMID PURPOSE: AID TO INDIGENT | $213,000 |
MISHON LA CHOLE PURPOSE: AID TO INDIGENT | $10,000 |
TOV LATET PURPOSE: AID TO INDIGENT | $66,500 |