American Sephardi Federation
- Assets
- $953.8k
- Revenue
- $790.3k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 05/1974
- Data as of
- 03/2023
- EIN
- 23-7338689
Organization Overview
American Sephardi Federation is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 03/2023, American Sephardi Federation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Sephardi Federation 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 03/2023, American Sephardi Federation generated $790.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.3m during the year ending 03/2023. 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 AMERICAN SEPHARDI FEDERATION PRESERVES, PROMOTES, & PERPETUATES THE HISTORY, TRADITIONS AND RICH MOSAIC CULTURE OF GREATER SEPHARDI COMMUNITIES AS AN INTEGRAL PART OF THE JEWISH EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"REBUILDING OUR HOMES" - THE REBUILDING OUR HOMES PROJECT IS A USAID- SUPPORTED, LOCALLY LED INITIATIVE OF THE AMERICAN SEPHARDI FEDERATION AND MIMOUNA ASSOCIATION TO INSTILL PRIDE, PROMOTE PEACE, AND BUILD PROSPERITY AND ACHIEVE PROGRESS IN THE MELLAHS (FORMER JEWISH NEIGHBORHOODS) OF ESSAOUIRA, FEZ, AND RABBAT, MOROCCO BY OFFERING AN ARRAY OF PROGRAMS, TRAININGS AND OPPORTUNITIES FOR MOROCCAN MUSLIM YOUTH.
OTHER PROGRAM SERVICES INCLUDE CONFERENCES, THEATRICAL PRODUCTIONS, LECTURES, OTHER CULTURAL PROGRAMS, NATIONAL LIBRARY AND A VARIETY OF OTHER PROGRAMS.
THE SEPHARDI HOUSE FELLOWSHIP IS AN INNOVATIVE INITIATIVE THAT SEEKS TO INFUSE THE WISDOM, DIVERSITY, CREATIVITY AND WARMTH OF THE SEPHARDIC SPIRIT INTO JEWISH STUDENT LIFE, WHILE ALSO ADVANCING JEWISH UNITY, VITALITY AND PRIDE ON CAMPUS. BRINGING TOGETHER A SELECT COHORT OF JEWISH STUDENTS FROM COLLEGES AND UNIVERSITIES COAST TO COAST, OUR PROGRAM IS THE ONLY NATIONAL, YEARLONG FELLOWSHIP OF ITS KIND.
THE NEW YORK SEPHARDIC JEWISH FILM FESTIVAL IS THE WORLD'S PREMIERE EXPERIENCE DEDICATED TO CELEBRATING THE RICH MOSAIC CULTURE AND TRADITIONS OF JEWS FROM THE MIDDLE EAST AND GREATER SEPHARDIC DIASPORA, INCLUDING BY HONORING EXCEPTIONAL INDIVIDUALS FOR THEIR LITERARY, ARTISTIC, AND OTHER ACHIEVEMENTS WITH THE ASF POMEGRANATE AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dangoor President | OfficerTrustee | 5 | $0 |
Bruce Slovin Board Member | Trustee | $0 | |
Carlos Benaim Board Member | Trustee | 2 | $0 |
Carole Basri Vice Preside | OfficerTrustee | 5 | $0 |
David Lavipour Board Member | Trustee | $0 | |
Denise Cohen Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76 |
| Fundraising events | $19,793 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,506 |
| Total Program Service Revenue | $547,579 |
| Investment income | $17,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,200 |
| 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 | $1,345 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $790,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $115,000 |
| Other salaries and wages | $18,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,958 |
| Payroll taxes | $10,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,303 |
| Advertising and promotion | $0 |
| Office expenses | $26,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,962 |
| Travel | $13,903 |
| 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 | $28,690 |
| Insurance | $8,928 |
| All other expenses | $0 |
| Total functional expenses | $1,280,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,365 |
| Prepaid expenses and deferred charges | $13,516 |
| Net Land, buildings, and equipment | $289,698 |
| Investments—publicly traded securities | $446,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $953,791 |
| Accounts payable and accrued expenses | $467,374 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $26,008 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $513,382 |
| Net assets without donor restrictions | -$159,591 |
| Net assets with donor restrictions | $600,000 |
| 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 | $953,791 |