Sephardic Heritage Museum Inc
- Assets
- $15.5m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 20-3249437
Organization Overview
Sephardic Heritage Museum Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Sephardic Heritage Museum Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sephardic Heritage Museum 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 06/2022, Sephardic Heritage Museum Inc generated $5.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sephardic Heritage Museum Inc has awarded 117 individual grants totaling $15,188,173. 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
MAINTENANCE AND PUBLIC DISPLAY OF OBJECTS OF HISTORICAL AND CULTURAL SIGNIFICANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT MAINTAINS AND PUBLICLY DISPLAYS OBJECTS OF HISTORICAL, CULTURAL, AND RELIGIOUS SIGNIFICANCE TO PERSONS WITH SEPHARDIC JEWISH DESCENT AND THEIR HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aryeh Wiesenfeld Employee | 35 | $98,100 | |
Joseph J Sitt President | Officer | 1 | $0 |
Gabe Zeitouni Vice President | Officer | 1 | $0 |
Morris Missry Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zev Neuwirth Md Consulting Llc Consulting Service | 6/29/22 | $225,000 |
Compliance Resources Inc Consulting Service | 6/29/22 | $958,170 |
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 | $8,785,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,785,118 |
| Total Program Service Revenue | $0 |
| Investment income | $46,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,571,647 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,335,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,765,840 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $391,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,610 |
| Fees for services: Other | $414,949 |
| Advertising and promotion | $99,757 |
| Office expenses | $699 |
| 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 | $61,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,502 |
| Insurance | $14,068 |
| All other expenses | $257,467 |
| Total functional expenses | $9,630,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,297,835 |
| Savings and temporary cash investments | $0 |
| 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 | $401,736 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,426 |
| Net Land, buildings, and equipment | $784 |
| Investments—publicly traded securities | $1,347,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,381,445 |
| Total assets | $15,451,134 |
| Accounts payable and accrued expenses | $966,135 |
| 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 | $966,135 |
| Net assets without donor restrictions | $0 |
| 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 | $14,484,999 |
| Total liabilities and net assets/fund balances | $15,451,134 |
Grants Awarded
Over the last fiscal year, Sephardic Heritage Museum Inc has awarded $6,741,489 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
DSN COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $6,400 |
CONGREGATION BEIT YOSEF OF DEALINC PURPOSE: GENERAL SUPPORT | $56,000 |
MAGEN DAVID YESHIVAH PURPOSE: GENERAL SUPPORT | $87,000 |
SEPHARDIC BIKUR HOLIM PURPOSE: GENERAL SUPPORT | $15,701 |
SEPHARDIC RABBINICAL COLLEGE PURPOSE: GENERAL SUPPORT | $8,000 |
THE SAFE FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |