Friends Of Tiferet Tzion Inc
- Assets
- $27.1k
- Revenue
- $822.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakewood, NJ
- Founding
- 04/2005
- Data as of
- 07/2021
- EIN
- 76-0762771
Organization Overview
Friends Of Tiferet Tzion Inc is located in Lakewood, NJ. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Tiferet Tzion 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 07/2021, Friends Of Tiferet Tzion Inc generated $822.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $831.2k during the year ending 07/2021. While expenses have increased by 1.3% 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 SUPPORT THE STUDY OF TORAH. SEE FULL DESCRIPTION ON PG. 2, PART III (1)
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT TORAH STUDY AS MENTIONED IN OUR MISSION STATEMENT. CURRENTLY WE SUPPORT YESHIVAT TIFERET TZION, ONE OF THE PREMIER TORAH INSTITUIONS IN ISRAEL. TIFERET TZION, IS UNDER THE AUSPICES OF RABBI KANIEVSKY, A WORLD RENOWNED SCHOLAR AND LEADER. EXCEPT FOR REASONABLE ADMINISTRATIVE AND MANAGEMENT EXPENSES, ALL THE MONEY WE RAISE IS USED TO SUPPORT THE STUDY OF TORAH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yehoshua Privalsky Officer | Officer | 32 | $53,000 |
Avi Motechin Director | Trustee | 1 | $0 |
Judah Deutsch Director | Trustee | 0.5 | $0 |
Moishe Muehlgay Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,070 |
| 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 | $822,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $690,102 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,000 |
| 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 | $21,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,825 |
| 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 | $836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,389 |
| 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 | $831,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,070 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,070 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $27,070 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Friends Of Tiferet Tzion Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Weiskopf Family Foundation Dtd December 19 2018 Monsey, NY PURPOSE: CHARITABLE PURPOSES | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,000 |
Erwin & Ruth Zafir Foundation Inc Brooklyn, NY PURPOSE: CHARITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |