V Hechzakta Bo
- Assets
- $224.0k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 38-2876911
Organization Overview
V Hechzakta Bo is located in Detroit, MI. The organization was established in 1990. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. V Hechzakta Bo 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, V Hechzakta Bo generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 6 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
TO PROVIDE FINANCIAL, MEDICAL AND EDUCATIONAL ASSISTANCE TO INDIGENTS BY DIRECT PAYMENTS TO INDIVIDUALS AND GRANTS TO CHARITABLE ORGANIZATIONS THAT SUPPORT THESE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL, MEDICAL, EDUCATION ASSISTACE BY GRANTS TO CHARITABLE ORGANIZATIONS.
FINANCIAL, MEDICAL, EDUCATION ASSISTACE BY DIRECT PAYMENT TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Berlin President/director | Trustee | 2 | $0 |
Dov Loketch Secretary/director | Trustee | 2 | $0 |
Ben Wayntraub Treasurer/director | Trustee | 2 | $0 |
Stuart Snider Director | Trustee | 2 | $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 | $2,259,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,259,818 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $2,259,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,000 |
| Grants and other assistance to domestic individuals. | $1,742,871 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $75 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,273,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,181 |
| 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 | $73,833 |
| 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 | $224,014 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $154,089 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $69,925 |
| Total liabilities and net assets/fund balances | $224,014 |
Grants Awarded
Over the last fiscal year, V Hechzakta Bo has awarded $531,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVA BETH YEHUDAH PURPOSE: FINANCIAL SUPPORT | $230,000 |
FREINDS OF IR DAVID INC PURPOSE: FINANCIAL SUPPORT | $170,000 |
YESHIVA KEREN ORAH PURPOSE: FINANCIAL SUPPORT | $45,000 |
THE GARDEN BUG PURPOSE: FINANCIAL SUPPORT | $25,000 |
GEMACH HARABBONIM PURPOSE: FINANCIAL SUPPORT | $20,000 |
AMERICAN FRIENDS OF OSEH CHAYIL PURPOSE: FINANCIAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that V Hechzakta Bo has recieved totaling $900,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $300,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: STATE OPIOID RESPONSE GRANT | $200,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $200,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Augustine Preparatory Academy Inc Milwaukee, WI | $57,201,795 | $17,148,722 |
Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
Michigan College Access Network Lansing, MI | $5,083,649 | $7,946,913 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Marygrove Conservancy Detroit, MI | $74,090,632 | $9,035,851 |
University Of Cincinnati Research Institute Cincinnati, OH | $5,011,413 | $4,382,075 |
Beyond Basics Southfield, MI | $2,664,209 | $4,401,467 |
V Hechzakta Bo Detroit, MI | $224,014 | $2,259,831 |
Arcade Innovation Hub Llc Dayton, OH | $2,725,647 | $1,536,202 |
Smdp New School Co Cleveland, OH | $15,360,863 | $353,183 |
Ministerial Day Care Association Cleveland, OH | $1,618,739 | $877,695 |
Champion Education Network Detroit, MI | $924,146 | $2,012,964 |