Endowment Fund Of Maccabi Usa Sports For Israel Inc
- Assets
- $21.0m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 26-0043932
Organization Overview
Endowment Fund Of Maccabi Usa Sports For Israel Inc is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endowment Fund Of Maccabi USA Sports For Israel 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, Endowment Fund Of Maccabi USA Sports For Israel Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 8.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISING AND MAINTAINING FUNDS AND FOR INVESTING AND MANAGING THOSE ENDOWMENT FUNDS CONTRIBUTED
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS GIVEN TO QUALIFIED 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Morgan Chairman And President | OfficerTrustee | 4 | $0 |
Joel Roodyn Vice President | OfficerTrustee | 1 | $0 |
Stephen Berliner Board Member | Trustee | 0.3 | $0 |
Ronald Carner Board Member | Trustee | 0.3 | $0 |
Joel Magerman Board Member | Trustee | 0.3 | $0 |
Jeffrey Bukantz Board Member | Trustee | 0.3 | $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 | $3,115,515 |
| Noncash contributions included in lines 1a–1f | $225,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,115,515 |
| Total Program Service Revenue | $0 |
| Investment income | $180,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,243,055 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,538,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $904,082 |
| 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 | $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 | $134,196 |
| Fees for services: Other | $17,605 |
| Advertising and promotion | $0 |
| Office expenses | $1,434 |
| 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 | $2,609 |
| All other expenses | $0 |
| Total functional expenses | $1,059,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,060,921 |
| Accounts receivable, net | $21,950 |
| 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 | $18,119,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $599,570 |
| Total assets | $20,966,655 |
| Accounts payable and accrued expenses | $11,960 |
| 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 | $11,960 |
| Net assets without donor restrictions | $5,301,366 |
| Net assets with donor restrictions | $15,653,329 |
| 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 | $20,966,655 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Endowment Fund Of Maccabi Usa Sports For Israel Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Jewish Endowment Foundation Metairie, LA PURPOSE: GENERAL OPERATIONAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $16,171,118 |
| Earnings | $2,558,358 |
| Admin Expense | $134,196 |
| Net Contributions | $3,116,515 |
| Grants | $904,082 |
| Ending Balance | $20,807,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Toledo Classic Inc Toledo, OH | $1,903,609 | $6,431,231 |
The Kroger Helping Hands Fund Benefits Trust Cincinnati, OH | $21,338,883 | $10,000,000 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Usga Foundation Liberty Corner, NJ | $5,745,088 | $4,151,896 |
Park National Bank Foundation Park National Bank Newark, OH | $15,877,753 | $5,232,147 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |
Endowment Fund Of Maccabi Usa Sports For Israel Inc Philadelphia, PA | $20,966,655 | $4,538,606 |