Friends Of Israel Sci-Tech Schools Inc
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-0492682
Organization Overview
Friends Of Israel Sci-Tech Schools Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Israel Sci-Tech Schools 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 12/2022, Friends Of Israel Sci-Tech Schools Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE ABOUT AND SUPPORT SECONDARY AND ADVANCED SCIENCE AND TECHNOLOGY EDUCATION IN ISRAEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF ISRAEL SCI-TECH SCHOOLS RAISED FUNDS IN SUPPORT OF THE ISRAEL SCI-TECH SCHOOLS NETWORK. PHILANTHROPIC GIFTS INCLUDED INVESTMENTS IN THE FOLLOWING EXAMPLES, BUT NOT A COMPREHENSIVE LIST: THE CONNECTED GENERATIONS PROGRAM BRINGING HOLOCAUST SURVIVORS AND TEENS TOGETHER; IN PROMOTING MORE GIRLS TAKING STEM COURSES IN MIDDLE AND HIGH SCHOOL; INFRASTRUCTURE AND PEDAGOGICAL INVESTMENTS IN SCHOOLS IN KIRYAT SHMONA, TIBERIUS AND KIRYAT GAT, TRANSPORTATION COSTS FOR STUDENTS IN HATZOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edith Everett President | OfficerTrustee | 5 | $0 |
Mark Levenfus Chairman | OfficerTrustee | 1 | $0 |
Joshua Trump Treasurer (through 12/22) | OfficerTrustee | 1 | $0 |
Barry Berelowitz Trustee (through 12/22) | Trustee | 1 | $0 |
Marlene Hyde Berelowitz Trustee | Trustee | 1 | $0 |
Linda Rosen Trustee | Trustee | 1 | $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 | $1,391,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,391,120 |
| Total Program Service Revenue | $0 |
| Investment income | $155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,391,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $945,798 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,757 |
| Compensation of current officers, directors, key employees. | $25,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $9,316 |
| Other employee benefits | $4,168 |
| Payroll taxes | $11,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,455 |
| Fees for services: Accounting | $30,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,770 |
| Advertising and promotion | $0 |
| Office expenses | $8,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,143 |
| 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 | $0 |
| Total functional expenses | $1,268,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,215 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $291,000 |
| 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 | $9,150 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $520 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,257,885 |
| Accounts payable and accrued expenses | $15,620 |
| 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 | $15,620 |
| Net assets without donor restrictions | $8,275 |
| Net assets with donor restrictions | $1,233,990 |
| 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 | $1,257,885 |