Friends Of Lubavitch Inc
- Assets
- $4.1m
- Revenue
- $394.0k
- Investments
- $0.0
- Employees
- 1
- Location
- New Orleans, LA
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 72-0791958
Organization Overview
Friends Of Lubavitch Inc is located in New Orleans, LA. The organization was established in 1976. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Friends Of Lubavitch 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 12/2021, Friends Of Lubavitch Inc generated $394.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $418.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) 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
ORTHODOX SYNAGOGUE TO PROMOTE & UNDERSTAND JUDAISM AND KOSHER LAWS & SERVICES TO THE COMMUNITY, ENSURING A JEWISH TOMORROW. PROVIDING EDUCATIONAL,
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ORTHODOX SYNAGOGUE IN UPTOWN NEW ORLEANS AND UNIVERSITY AREA OFFERING A VARITY OF JEWISH PROGRAMS AND SERVICES FOR CHILDREN & ADULTS, INCLUDING DAILY PRAYER SERVICES, JEWISH AND HEBREW TEACHINGS,LEARNING VALUES THRU PROJECTS,SEMINARS, AND STUDY COURSES AND OTHER RELIGIOUS SERVICES. APPROX. 385 PEOPLE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rb Mendal Rivkin Key Employee | Officer | 40 | $18,000 |
Rb Zeliq Rivkin Key Employee | Officer | 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 | $394,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,046 |
| Total Program Service Revenue | $0 |
| 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 | $394,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,516 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $18,000 |
| Other salaries and wages | $76,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,175 |
| Fees for services: Management | $26,903 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,799 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,005 |
| Advertising and promotion | $0 |
| Office expenses | $810 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,948 |
| Travel | $13,958 |
| 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 | $418,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,783 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $5,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $760,493 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,277,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,098,276 |
| Accounts payable and accrued expenses | $14,780 |
| 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 | $1,298,505 |
| Unsecured mortgages and notes payable | $110,400 |
| Other liabilities | $0 |
| Total liabilities | $1,423,685 |
| Net assets without donor restrictions | $0 |
| 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 | $2,674,591 |
| Total liabilities and net assets/fund balances | $4,098,276 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Friends Of Lubavitch Inc has recieved totaling $117,800.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $31,100 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $30,400 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Jewish Endowment Foundation Metairie, LA PURPOSE: GENERAL OPERATIONAL SUPPORT | $14,280 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: HUMAN SERVICES | $10,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $5,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Higher Education Authority Inc Arlington, TX | $1,018,646,765 | $26,983,231 |
University Of Louisiana Monroe Facilities Inc Monroe, LA | $82,040,215 | $15,012,687 |
Restore Education San Antonio, TX | $2,530,386 | $5,936,619 |
College Houses Austin, TX | $15,789,327 | $3,775,047 |
Books Between Kids Inc Houston, TX | $1,448,531 | $2,188,217 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Austin Partners In Education Austin, TX | $1,240,919 | $1,858,475 |
Health Occupations Students Of America Southlake, TX | $3,397,887 | $1,856,291 |
Collegiate Edu-Nation Roscoe, TX | $1,605,609 | $1,649,388 |
Sci-Tech Discovery Center Inc Frisco, TX | $1,024,000 | $1,631,074 |
Communities In Schools Of The Big Country Abilene, TX | $1,261,919 | $2,051,094 |
American Board Of Obgyn Educational Foundation Inc Dallas, TX | $3,548,102 | -$4,008,900 |