Chazak
- Assets
- $2.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 37-1972043
Organization Overview
Chazak is located in New York, NY. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chazak 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, Chazak generated $1.8m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. 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
CHAZAK IS A GLOBAL JEWISH ORGANIZATION THAT INSPIRES, EQUIPS, AND UNITES YOUNG PEOPLE THROUGH THE PROFOUND WISDOM OF THE TORAH AND THE RICH SEPHARDIC HERITAGE. WITHIN OUR DIVERSE COMMUNITY, WE STRIVE TO FOSTER FULFILLING LIVES AND IMPACTFUL LEADERSHIP. OUR INITIATIVES ARE FOUNDED ON OUR CORE VALUES OF EDUCATION, LEADERSHIP, AND COMMUNITY, AND WE PROVIDE IN-DEPTH EXPLORATION OF JEWISH TRADITIONS AND THE SEPHARDIC ETHOS. OUR INITIATIVES GO BEYOND BORDERS, INCLUDING RETREATS AND TRIPS ALL OVER THE WORLD, FOSTERING CULTURAL EXCHANGE, AND PROMOTING A BETTER UNDERSTANDING OF OUR COMMON HERITAGE. WE REMAIN COMMITTED TO OUR MISSION OF DEVELOPING LEADERS, FOSTERING UNITY, AND ENSURING A VIBRANT FUTURE FOR THE SEPHARDIC JEWISH COMMUNITY AND THE WORLD AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR VISION IS TO BUILD YOUTH THAT ARE ENERGIZED AND EQUIPPED WITH STRONG IDEALS AND SOLID TOOLS TO ENSURE A PROMISING FUTURE FOR THE WHOLE COMMUNITY. THOUSANDS OF TEENS PARTICIPATE IN THE WEEKLY PROGRAMMES AND TRIPS THAT ARE RUN TO IGNITE THEIR JEWISH PRIDE AND PASSION FOR LEARNING. WORKING WITH ALL SEGMENTS OF THE COMMUNITY, WE STRENGTHEN AND INVIGORATE THE LEVEL OF LEARNING AND OBSERVANCE. TO DATE, CHAZAK CONTENT HAS HAD OVER 1.2 MILLION VIEWS.
WE ARE PROUD TO REFLECT ON THE ENRICHING EXPERIENCE OF OUR 2022 MOROCCO TRIP AS CHAZAK. THIS ONE-OF-A-KIND JOURNEY WAS DESIGNED FOR SEPHARDIC COMMUNITY MEMBERS TO CELEBRATE AND SHARE THEIR RICH HERITAGE AND DISTINCTIVE CUISINE DURING.. OUR CAREFULLY PLANNED ITINERARY INCLUDED A VARIETY OF LECTURES AND PROGRAMS FOR BOTH ADULTS AND CHILDREN TO HELP US BETTER UNDERSTAND AND APPRECIATE SEPHARDIC TRADITIONS. THIS TRIP WAS MORE THAN JUST A VACATION; IT WAS A CHANCE FOR FAMILIES TO RECONNECT WITH THEIR ROOTS, PARTICIPATE IN MEANINGFUL CULTURAL EXCHANGES, AND CREATE LASTING MEMORIES. WE ARE HONORED TO HAVE BEEN A PART OF THIS JOURNEY OF DISCOVERY AND COMMUNITY BUILDING, REINFORCING THE VALUES AND TRADITIONS THAT MAKE OUR SEPHARDIC HERITAGE SO VIBRANT AND ALIVE.
WE ARE PROUD TO REFLECT ON THE ENRICHING EXPERIENCE OF OUR 2022 CHAZAK PESACH TRIP AS CHAZAK. THIS ONE-OF-A-KIND JOURNEY WAS DESIGNED FOR SEPHARDIC COMMUNITY MEMBERS TO CELEBRATE AND SHARE THEIR RICH HERITAGE AND DISTINCTIVE CUISINE DURING THE PASSOVER HOLIDAYS. OUR CAREFULLY PLANNED ITINERARY INCLUDED A VARIETY OF LECTURES AND PROGRAMS FOR BOTH ADULTS AND CHILDREN TO HELP US BETTER UNDERSTAND AND APPRECIATE SEPHARDIC TRADITIONS. THIS TRIP WAS MORE THAN JUST A VACATION; IT WAS A CHANCE FOR FAMILIES TO RECONNECT WITH THEIR ROOTS, PARTICIPATE IN MEANINGFUL CULTURAL EXCHANGES, AND CREATE LASTING MEMORIES. WE ARE HONORED TO HAVE BEEN A PART OF THIS JOURNEY OF DISCOVERY AND COMMUNITY BUILDING, REINFORCING THE VALUES AND TRADITIONS THAT MAKE OUR SEPHARDIC HERITAGE SO VIBRANT AND ALIVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reuben Ibragimov COO | Officer | 10 | $0 |
Shlomo Farhi Chairman | Officer | 15 | $0 |
Moshe Levy Executive Dir. | Officer | 5 | $0 |
Lawrence Hajjoff Director | Officer | 5 | $0 |
Yitsy David Director | Officer | 5 | $0 |
Ari Bensoussan Director | Officer | 5 | $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 | $1,667,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,667,016 |
| Total Program Service Revenue | $86,725 |
| Investment income | $0 |
| 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 | $1,753,741 |
| 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 | $45,000 |
| 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 | $117,381 |
| Fees for services: Legal | $50,000 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,464 |
| Advertising and promotion | $2,050 |
| Office expenses | $1,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,250 |
| 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 | $52,575 |
| Insurance | $3,973 |
| All other expenses | $81,411 |
| Total functional expenses | $1,171,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,825 |
| 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 | $1,402,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,984,101 |
| Accounts payable and accrued expenses | $16,855 |
| 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 | $16,855 |
| Net assets without donor restrictions | $1,967,246 |
| 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 | $1,984,101 |