Alef Fund Inc
- Assets
- $10.1m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2008
- Data as of
- 06/2022
- EIN
- 26-2919210
Organization Overview
Alef Fund Inc is located in Atlanta, GA. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Alef Fund 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, Alef Fund Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $6.3m during the year ending 06/2022. While expenses have increased by 12.0% 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.
Since 2015, Alef Fund Inc has awarded 20 individual grants totaling $1,581,803. 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
PROVIDING SCHOLARSHIPS TO QUALIFYING STUDENTS OF ATLANTA AREA JEWISH SCHOOLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIP FUNDS TO 783 STUDENTS OF EIGHTEEN GEORGIA JEWISH DAY SCHOOLS IN ACCORDANCE WITH TITLE 20 CHAPTER 2A AND TITLE 48 CHAPTER 7 OF THE OFFICIAL CODE OF GEORGIA ANNOTATED AND APPLICABLE REGULATIONS PROMULGATED BY THE GEORGIA DEPARTMENT OF REVENUE.
GRANTS TO OTHER STUDENT SCHOLARSHIP ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Wyatt President | OfficerTrustee | 1 | $0 |
David Levitan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Lapp Immediate Past President | Trustee | 1 | $0 |
Steve Skor Director | Trustee | 1 | $0 |
Todd Koransky Director | Trustee | 1 | $0 |
Jason Tessler Director | 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 | $6,193,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,193,486 |
| Total Program Service Revenue | $0 |
| Investment income | $1,412 |
| 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 | $6,194,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,157 |
| Grants and other assistance to domestic individuals. | $5,621,830 |
| 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 | $12,000 |
| Fees for services: Lobbying | $7,002 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,720 |
| Office expenses | $441 |
| Information technology | $150,568 |
| Royalties | $0 |
| Occupancy | $50,000 |
| Travel | $37 |
| 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 | $2,550 |
| All other expenses | $0 |
| Total functional expenses | $6,280,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,107,377 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,107,377 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,724,585 |
| 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 | $61,273 |
| Total liabilities | $9,785,858 |
| Net assets without donor restrictions | $321,519 |
| 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 | $10,107,377 |
Grants Awarded
Over the last fiscal year, Alef Fund Inc has awarded $217,197 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: SCHOLARSHIPS | $114,006 |
Peachtree Corners, GA PURPOSE: SCHOLARSHIPS | $103,191 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alef Fund Inc has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Georgia Student Scholarship Organization Sso Inc Cumming, GA PURPOSE: TUITION GRANTS | $12,500 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $7,200 |
| Earnings | $1,412 |
| Admin Expense | $360,110 |
| Net Contributions | $6,193,486 |
| Grants | $5,841,988 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |