Friends Of Chabad-Lubavitch Bolivia
- Assets
- $1.1m
- Revenue
- $890.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Aventura, FL
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 74-3062098
Organization Overview
Friends Of Chabad-Lubavitch Bolivia, operating under the name K-Space, is located in Aventura, FL. The organization was established in 2003. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K-Space 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, K-Space generated $890.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $562.9k during the year ending 12/2021. 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
JEWISH OUTREACH PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE A CHABAD HOUSE IN SUNNY ISLES, FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guillermo Smierc President | OfficerTrustee | 40 | $32,600 |
Jose Calderon Vice Preside | Trustee | $0 | |
Kadah Yaffee Secretary | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $791,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,312 |
| Total Program Service Revenue | $0 |
| Investment income | $7,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,057 |
| Net Income from Fundraising Events | $15,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $890,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,457 |
| 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. | $77,853 |
| Compensation of current officers, directors, key employees. | $19,463 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,749 |
| 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 | $28,315 |
| Advertising and promotion | $18,741 |
| Office expenses | $71,424 |
| Information technology | $2,640 |
| Royalties | $0 |
| Occupancy | $114,836 |
| Travel | $75,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,169 |
| Interest | $678 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,101 |
| Insurance | $9,419 |
| All other expenses | $0 |
| Total functional expenses | $562,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,275 |
| Savings and temporary cash investments | $362,018 |
| 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 | $68,645 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,847 |
| Investments—publicly traded securities | $592,983 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,417 |
| Other assets | $0 |
| Total assets | $1,108,185 |
| Accounts payable and accrued expenses | $18,108 |
| 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 | $30,660 |
| Other liabilities | $0 |
| Total liabilities | $48,768 |
| Net assets without donor restrictions | $1,059,417 |
| 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 | $1,108,185 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of Chabad-Lubavitch Bolivia has recieved totaling $42,721.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $27,001 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: RELIGIOUS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |
Geo Group Foundation Inc Boca Raton, FL | $194,115 | $1,477,065 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Alabama Symphony Endowment Birmingham, AL | $18,611,694 | $1,402,512 |