Turkish Friends Of Chabad Inc
- Assets
- $6.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 07/2006
- Data as of
- 12/2021
- EIN
- 20-3169719
Organization Overview
Turkish Friends Of Chabad Inc is located in Miami Beach, FL. The organization was established in 2006. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, 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. Turkish Friends Of Chabad 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, Turkish Friends Of Chabad Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $677.6k during the year ending 12/2021. While expenses have increased by 19.9% 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.
Since 2018, Turkish Friends Of Chabad Inc has awarded 12 individual grants totaling $1,705,228. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS RELIGIOUS EDUCATION AND OUTREACH IN TURKEY BY PROVIDING SUPPORT TO MULTIPLE RELIGIOUS CENTERS IN TURKEY AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Menachem M Chitrick Director | 20 | $0 | |
Obadia Schochet Director | 3 | $0 | |
Leah Chitrik Director | 3 | $0 | |
Chaim E Chitrik Director | 3 | $0 | |
Chaya G Chitrik Director | 3 | $0 | |
Mendel Schurder Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $320,287 |
| Interest on Savings | $58,865 |
| Dividends & Interest | $24,447 |
| Net Rental Income | $43,561 |
| Net Gain on Sale of Assets | $633,224 |
| Capital Gain Net Income | $633,224 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $173,885 |
| Total Revenue | $1,210,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $36,111 |
| Printing and publications | $0 |
| Other expenses | $11,240 |
| Total operating and administrative expenses | $65,895 |
| Contributions, gifts, grants paid | $611,741 |
| Total expenses and disbursements | $677,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,232,583 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $316,900 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $47,287 |
| Other assets | $5,157,268 |
| Total assets | $6,754,038 |
| Accounts payable and accrued expenses | $20,599 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,599 |
Grants Awarded
Over the last fiscal year, Turkish Friends Of Chabad Inc has awarded $611,741 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHABAD OF TURKEY PURPOSE: SUPPORT OF RELIGIOUS OUTREACH | $536,741 |
CHABAD OF EAST ISTANBUL PURPOSE: SUPPORT OF RELIGIOUS OUTREACH | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Turkish Friends Of Chabad Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Kolel Torah Inc Brooklyn, NY PURPOSE: SUPPORT OF JEWISH AWARENESS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Generosity Foundation Trust Clearwater, FL | $83,215,501 | $57,171,395 |
Florida Methodist Foundation Inc Lakeland, FL | $285,393,023 | $7,279,427 |
Heart For Africa Inc Roswell, GA | $1,675,421 | $4,060,144 |
Foundation Of The Holy Apostles Inc Atlanta, GA | $31,152,603 | $274,998 |
Christian Community Foundation Of South Florida Inc Fort Lauderdale, FL | $1,841,361 | $1,712,430 |
Countryside Cares Inc Clearwater, FL | $1,000 | $1,309,043 |
Covenant Community Inc Atlanta, GA | $1,600,874 | $1,029,941 |
Alliance Ministries Birmingham, AL | $249,825 | $771,024 |
Turkish Friends Of Chabad Inc Miami Beach, FL | $6,754,038 | $1,210,708 |
Bishop Gray Retirement Foundation Inc Winter Park, FL | $16,024,048 | $609,045 |
Stegall Seminary Scholarshipendowment Foundation Montgomery, AL | $7,939,280 | $688,672 |
Susie And Alan B Levan Family Foundation Inc Fort Lauderdale, FL | $2,829,416 | $455,121 |