Israel Sports Exchange Inc
- Assets
- $2.7m
- Revenue
- $343.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 22-3408267
Organization Overview
Israel Sports Exchange Inc is located in Parsippany, NJ. The organization was established in 1996. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Israel Sports Exchange 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, Israel Sports Exchange Inc generated $343.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $47.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ARRANGE FOR THE PARTICIPATION OF U.S. JEWISH ATHLETES TO TRAVEL TO ISRAEL TO TRAIN, TOUR, AND LIVE WITH ISRAELI FAMILIES, AND TO BRING ISRAELI YOUTHS TO THE U.S. TO TOUR AND LIVE WITH THE FAMILIES OF PARTICIPANTS WHO WENT TO ISRAEL AND WITH OTHER FAMILIES WITH KIDS THE SAME AGE AS THE ISRAELI KIDS. THE PROGRAM IS FOR BOYS AND GIRLS AGES 16-18.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISRAEL SPORTS & CULTURE EXCHANGE HAS A PROGRAM TO ARRANGE FOR U.S. HIGH SCHOOL AGE CHILDREN TO TRAVEL TO ISRAEL, STAY WITH ISRAELI FAMILIES, TRAIN AT ISRAELI CENTERS, ATTEND PROGRAMS, AND TOUR ISRAEL.
SPONSORED SEVERAL ISRAELI ATHLETES IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonia Seidman Secretary | OfficerTrustee | 0.2 | $0 |
Neal Axelrod Vice President/treasurer | OfficerTrustee | 2 | $0 |
Larry Seidman President | OfficerTrustee | 5 | $0 |
Arnold Baskies Director | Trustee | 0.2 | $0 |
Erica Fishman Director | Trustee | 0.2 | $0 |
Craig Fishman Director | Trustee | 0.2 | $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 | $55,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,060 |
| Total Program Service Revenue | $0 |
| Investment income | $85,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,841 |
| Net Income from Fundraising Events | $181,562 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,975 |
| Grants and other assistance to domestic individuals. | $25,000 |
| 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 | $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 | $0 |
| 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 | $2,269 |
| 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 | $5,000 |
| Total functional expenses | $47,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $991,480 |
| 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 | $1,725,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,717,466 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,717,466 |
| 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 | $2,717,466 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Israel Sports Exchange Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Boys And Girls Clubs Of Northwest New Jersey Inc Wayne, NJ | $6,341,949 | $5,450,111 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Vagabond Missions Pittsburgh, PA | $2,255,998 | $3,415,879 |
North 10 Philadelphia Wayne, PA | $20,931,088 | $2,577,182 |
Wayne Township Police Athletic League Wayne, NJ | $3,558,556 | $3,280,474 |
Police Athletic League Of Philadelphia Philadelphia, PA | $10,939,935 | $2,944,872 |
Police Athlethic League Of Wilmington Inc Wilmington, DE | $4,573,617 | $2,286,989 |
Mary Mitchell Family And Youth Center Inc Bronx, NY | $860,013 | $1,774,814 |
Attic Youth Center Philadelphia, PA | $1,805,418 | $1,480,663 |