Tamid Israel Investment Group Ltd is located in Grand Rapids, MI. The organization was established in 2010. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 08/2023, Tamid Israel Investment Group Ltd employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tamid Israel Investment Group Ltd 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 08/2023, Tamid Israel Investment Group Ltd generated $3.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.4m during the year ending 08/2023. While expenses have increased by 5.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP: A SUMMER INTERNSHIP AND SIGHTSEEING EXPERIENCE IN ISRAEL FOR TAMID STUDENTS.
PRO: PROGRAMS FOR POST-COLLEGE TAMID MEMBERS TO LEARN ABOUT ISRAEL AND DEVELOP AS BUSINESS LEADERS.
CAMPUS: TAMID CHAPTERS OFFER ISRAEL-FOCUSED BUSINESS CLASSES, CONSULTING PROJECTS, AND INVESTMENT RESEARCH PROJECTS FOR COLLEGE STUDENTS.
COMPANY RELATIONS: BUILDING A COMMUNITY OF ISRAELI COMPANIES THAT PROVIDE EXPERIENTIAL LEARNING OPPORTUNITIES TO STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Sommer Chair | OfficerTrustee | 2 | $0 |
Emily Sharko Secretary | OfficerTrustee | 2 | $0 |
Diana Tapper Treasurer | OfficerTrustee | 2 | $0 |
Max Heller Director | Trustee | 2 | $0 |
Jacob Ner-David Director | Trustee | 2 | $0 |
Sandy Rubinstein Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tellavista Participant Housing | 8/30/23 | $264,434 |
Aardvark Tourism Ltd Participant Housing | 8/30/23 | $218,400 |
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 | $3,407,206 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,407,206 |
Total Program Service Revenue | $251,412 |
Investment income | $10,950 |
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 | $3,671,135 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $348,402 |
Compensation of current officers, directors, key employees. | $131,386 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $944,380 |
Pension plan accruals and contributions | $14,437 |
Other employee benefits | $88,043 |
Payroll taxes | $96,087 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,874 |
Fees for services: Accounting | $73,938 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $236 |
Fees for services: Other | $1,631,877 |
Advertising and promotion | $24,376 |
Office expenses | $45,983 |
Information technology | $136,045 |
Royalties | $0 |
Occupancy | $59,383 |
Travel | $700,358 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $107,909 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $20,689 |
All other expenses | $2,128 |
Total functional expenses | $4,353,063 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $698,409 |
Savings and temporary cash investments | $175,669 |
Pledges and grants receivable | $325,748 |
Accounts receivable, net | $649,111 |
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 | $80,529 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $94,587 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,024,053 |
Accounts payable and accrued expenses | $461,347 |
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 | $343,203 |
Total liabilities | $804,550 |
Net assets without donor restrictions | $1,057,766 |
Net assets with donor restrictions | $161,737 |
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 | $2,024,053 |