Passages America Israel Inc
- Assets
- $4.0m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 64
- Location
- Allen, TX
- Founding
- 09/2016
- Data as of
- 01/2024
- EIN
- 81-2453820
Organization Overview
Passages America Israel Inc is located in Allen, TX. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 01/2024, Passages America Israel Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Passages America Israel 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 01/2024, Passages America Israel Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $16.1m during the year ending 01/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE GOALS OF PASSAGES AMERICA ISRAEL INC. ARE TO POINT TRIP PARTICIPANTS TO THE ROOTS OF THEIR BIBLICAL FAITH AND TO INTRODUCE THEM TO THE COMPLEX LANDSCAPE OF MODERN ISRAEL, WITH THE OVERALL GOAL OF BUILDING BRIDGES OF UNDERSTANDING AND FRIENDSHIP BETWEEN OUR TWO COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT TRIPS: PASSAGES OFFERS CHRISTIAN COLLEGE STUDENTS WITH LEADERSHIP POTENTIAL A FRESH AND INNOVATIVE APPROACH TO EXPERIENCING THE HOLY LAND. PARTICIPANTS WILL ENCOUNTER THE ROOTS OF THEIR BIBLICAL FAITH FIRST-HAND AND COME FACE TO FACE WITH THE MODERN-DAY MIRACLE THAT IS ISRAEL. UPON THEIR RETURN, PARTICIPANTS WILL HAVE OPPORTUNITIES TO BUILD UPON THEIR TRIP EXPERIENCES BY ENGAGING IN FURTHER LEADERSHIP TRAINING, WITH AN END GOAL OF BEING AN INFORMED VOICE FOR BOTH THEIR CHRISTIAN FAITH AND FOR ISRAEL.
NONSTUDENT TRIPS: PASSAGES OFFERS TRIPS TO ISRAEL DESIGNED FOR NONSTUDENTS AND FRIENDS OF PASSAGES.
SOLIDARITY TRIP - A DELEGATION OF ABOUT 20 FRIENDS OF PASSAGES DONATED TIME AND MONEY TO ASSIST TWO COMMUNITIES IN ISRAEL THAT WERE HEAVILY IMPACTED BY THE OCTOBER 7 TERRORIST ATTACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rivka Kidron Director | Trustee | 1 | $0 |
Max Karpel Director & Treasurer | OfficerTrustee | 1 | $0 |
Robert Nicholson Director & Secretary | OfficerTrustee | 1 | $0 |
Randal Scott Phillips CEO | Officer | 40 | $235,700 |
Nancy Sparks Director Of Finance | Officer | 40 | $116,850 |
Chase Madigan CFO | Officer | 40 | $109,067 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pinkston Group Marketing Consulting | 1/30/24 | $144,000 |
The Ethos Leader Strategic Consulting | 1/30/24 | $102,000 |
Iip Impact Partners Ltd Organizational Review | 1/30/24 | $131,000 |
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 | $7,041,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,041,964 |
| Total Program Service Revenue | $2,081,923 |
| Investment income | $106,473 |
| 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 | $9,230,360 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $510,000 |
| 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. | $817,251 |
| Compensation of current officers, directors, key employees. | $270,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,074,376 |
| Pension plan accruals and contributions | $133,208 |
| Other employee benefits | $522,824 |
| Payroll taxes | $261,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,580 |
| Fees for services: Accounting | $67,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,165,136 |
| Advertising and promotion | $58,952 |
| Office expenses | $859,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $353,725 |
| Travel | $1,401,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $872,288 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,517 |
| Insurance | $146,132 |
| All other expenses | $0 |
| Total functional expenses | $16,099,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,724,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $618,716 |
| 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 | $1,126,580 |
| Net Land, buildings, and equipment | $213,906 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $363,717 |
| Total assets | $4,047,456 |
| Accounts payable and accrued expenses | $761,181 |
| 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 | $5,806,111 |
| Total liabilities | $6,567,292 |
| Net assets without donor restrictions | -$3,210,502 |
| Net assets with donor restrictions | $690,666 |
| 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 | $4,047,456 |
Grants Awarded
Over the last fiscal year, Passages America Israel Inc has awarded $510,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: TO SUPPORT ACTIVITIES IN ISRAEL | $500,000 |
AMERICA GIVES PURPOSE: TO SUPPORT ACTIVITIES IN ISRAEL | $10,000 |