Sephardic Mikveh Of Midwood Inc
- Assets
- $5.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3388023
Organization Overview
Sephardic Mikveh Of Midwood Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (X30) the organization is classified as: Judaism, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sephardic Mikveh Of Midwood 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 12/2022, Sephardic Mikveh Of Midwood Inc generated $1.3m 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 (4.1%) each year. All expenses for the organization totaled $44.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE ORGANIZATION TO CONSTRUCT, OPERATE AND MAINTAIN A JEWISH RITUAL BATH (REFERRED TO IN JEWISH LAW AS A "MIKVEH") FOR THE JEWISH COMMUNITY IN NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN OCTOBER 2018 THE ORGANIZATION ACQUIRED A VACANT LOT AT 607 AVENUE K BROOKLYN, NEW YORK FOR PURPOSES OF CONSTRUCTING, OPERATING AND MAINTAINING A MIKVEH.
THE ORGANIZATION INITIATED PLANS TO HIRE AN ARCHITECT AND CONSTRUCTION CONTRACTORS (INCLUDING CERTAIN ENGINEERS AND CONSULTANTS). THE ORGANIZATION WILL WORK WITH SUCH ARCHITECT AND CONSTRUCTION CONTRACTORS TO PREPARE BUILDING PLANS FOR THE MIKVEH, WHICH PLANS WILL BE REVIEWED BY VARIOUS RABBIS IN THE JEWISH COMMUNITY TO ASCERTAIN AND CONFIRM THEIR COMPLIANCE WITH FAMILY PURITY LAWS. ONCE BUILDING PLANS ARE APPROVED AND FINALIZED, THE ORGANIZATION WILL AUTHORIZE CONSTRUCTION OF THE MIKVEH IN ACCORDANCE WITH SUCH PLANS.
FOLLOWING COMPLETION OF CONSTRUCTION, THE ORGANIZATION WILL OPERATE AND MAINTAIN THE MIKVEH IN ACCORDANCE WITH ORTHODOX JEWISH LAW FOR USE BY MEMBERS OF THE JEWISH COMMUNITY IN NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris A Hidary President | OfficerTrustee | 20 | $0 |
Albert M Cohen President | OfficerTrustee | 4 | $0 |
Saul A Mishaan Secretary | OfficerTrustee | 4 | $0 |
David Menaged Treasurer | Officer | 4 | $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 | $1,306,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,306,322 |
| 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 | $1,306,322 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $39,000 |
| All other expenses | $0 |
| Total functional expenses | $44,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,653 |
| 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 | $1,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,456,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,809,334 |
| 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 | $5,809,334 |
| 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 | $5,809,334 |