Afikim Foundation
- Assets
- $585.1k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 71-0866051
Organization Overview
Afikim Foundation is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Afikim Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Afikim Foundation 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, Afikim Foundation generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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
A RESOURCE OF RELIGIOUS & PROGRAMMING INITIATIVES OF THE JEWISH COMMUNITY. IT'S DRIVING PHILOSOPHY IS TO IDENTIFY A NEED THAT WHEN FILLED WILL ENHANCE THE VARIED INSTITUTIONS OF JEWISH LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MESHORAH - TRANSMITTAL OF THE HERITAGE
TORAH - WELLSPRING OF LEARNING
CHESED - KINDNESS & GOOD DEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raphael Butler President | OfficerTrustee | 40 | $70,000 |
Eliezer Edelman Treasurer | OfficerTrustee | 1 | $0 |
Franklyn Laifer Director | Trustee | 1 | $0 |
Howard Friedman 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 | $2,115,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,115,229 |
| Total Program Service Revenue | $0 |
| Investment income | $3,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,123,858 |
| 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. | $135,000 |
| Compensation of current officers, directors, key employees. | $33,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,836 |
| Advertising and promotion | $0 |
| Office expenses | $62,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $14,010 |
| 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 | $33,704 |
| All other expenses | $0 |
| Total functional expenses | $1,695,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $423,660 |
| 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 | $161,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $585,126 |
| Accounts payable and accrued expenses | $790,310 |
| 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 | $790,310 |
| Net assets without donor restrictions | -$280,249 |
| Net assets with donor restrictions | $75,065 |
| 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 | $585,126 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Afikim Foundation has recieved totaling $955,903.
| Awarding Organization | Amount |
|---|---|
Morasha Olami Inc Lakewood, NJ PURPOSE: General Support | $869,808 |
Norman And Julia Bobrow Family Foundation Jamaica, NY PURPOSE: FURTHERING JEWISH LIFE | $34,250 |
Jay & Hadasa Pomrenze Foundation New York, NY PURPOSE: TO AID DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $12,680 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $8,520 |
Ahavas Avraham Foundation Detroit, MI PURPOSE: COMMUNITY SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Tzur Foundation Inc Lakewood, NJ | $1,234,936 | $19,381,305 |
Vaad Harabbanim Linyanei Tzeduka Inc Lakewood, NJ | $4,119,545 | $17,392,176 |
Agudath Israel Of America New York, NY | $26,166,707 | $18,320,035 |
Board Of Jewish Education Inc New York, NY | $22,149,407 | $15,139,349 |
Yeshiva Of North Jersey River Edge, NJ | $18,883,224 | $17,432,025 |
American Friends Of Zavat Chalav Inc Airmont, NY | $431,577 | $11,966,923 |
American Friends Of Kupat Hair Inc Brooklyn, NY | $145,923 | $11,317,621 |
European Jewish Association Inc Monsey, NY | $7,886,638 | $11,529,816 |
Aish Global Inc Clifton, NJ | $436,224 | $10,025,335 |
Torah Academy Of Bergen County Teaneck, NJ | $12,608,084 | $11,250,417 |
Keren Hashviis Inc Lakewood, NJ | $9,961,423 | $20,140,768 |
Yeshiva Har Torah Little Neck, NY | $25,134,621 | $10,742,196 |