Keren Hashviis Inc
- Assets
- $5.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2014
- Data as of
- 10/2023
- EIN
- 46-4203790
Organization Overview
Keren Hashviis Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keren Hashviis 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 10/2023, Keren Hashviis Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $3.4m during the year ending 10/2023. 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
TO PROMOTE THE OBSERVANCE OF THE JEWISH LAWS RELATING TO THE SHMITTAH - SABBATICAL YEAR IN WHICH FARMING & AGRICULTURAL ACTIVITY IS FORBIDDEN IN THE LAND OF ISRAEL, THROUGH EDUCATION AND THE PROVIDING OF CRITICAL FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EDUCATE ISRAELI FARMERS IN THE PROPER OBSERVANCE OF THE JEWISH LAWS REGARDING THE SABBATICAL - SHMITTAH YEAR IN ISRAEL, AND PROVIDE THEM WITH CRITICAL FINANCIAL ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shmuel Lefkowitz Trustee | Trustee | 2 | $0 |
Ralph Rieder Trustee | Trustee | 0.5 | $0 |
Abraham Einhorn Trustee | Trustee | 0.5 | $0 |
Shmuel Bloom Vice President | Trustee | 25 | $135,583 |
Shia Markowitz Trustee & CEO | OfficerTrustee | 40 | $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 | $1,544,433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,544,433 |
| Total Program Service Revenue | $0 |
| Investment income | $94,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,059 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,642,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,440 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,566,566 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,500 |
| 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 | $85,875 |
| Fees for services: Legal | $51,053 |
| Fees for services: Accounting | $29,387 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,004 |
| Advertising and promotion | $49,036 |
| Office expenses | $7,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,137 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,456 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,438,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,920 |
| Savings and temporary cash investments | $989,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,057,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,009,083 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $166,250 |
| Other assets | $37,726 |
| Total assets | $5,287,794 |
| Accounts payable and accrued expenses | $48,703 |
| 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 | $48,703 |
| Net assets without donor restrictions | $5,239,091 |
| 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 | $5,287,794 |
Grants Awarded
Over the last fiscal year, Keren Hashviis Inc has awarded $317,012 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE SHIMTAH FUND PURPOSE: TO SUPPORT AND PROMOTE THE SABBATICAL - SHMITTAH YEAR IN ISRAEL | $311,578 |
TORAH UMESORAH NATIONAL SOCIETY FOR HEBREW DAY SCHOOLS PURPOSE: TO EDUCATE AND PROMOTE THE SABBATICAL - SHMITTAH YEAR IN ISRAEL | $5,434 |