Mifal Hafatza Inc
- Assets
- $80.5k
- Revenue
- $278.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Brooklyn, NY
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 82-3911931
Organization Overview
Mifal Hafatza Inc is located in Brooklyn, NY. The organization was established in 2018. 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. Mifal Hafatza 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, Mifal Hafatza Inc generated $278.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $289.3k during the year ending 12/2021. While expenses have increased by 25.1% per year over the past 4 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
THE PURPOSE OF THIS ORGANIZATION IS TO ENCOURAGE THE STUDY OF THE TORAH (I.E. BIBLE) WITH AN EMPHASIS ON THE TEACHINGS AND COMMENTARIES OF CHASSIDIC MASTERS. THE ORGANIZATION WILL PROVIDE MEMBERS WITH STUDY PARTNERS WHERE REQUESTED. ALSO, LECTURES WILL BE OFFERED ON COVERED TOPICS FOR A MORE IN-DEPTH ANALYSIS OF THE SUBJECT MATTER. ADDITIONALLY, THE ORGANIZATION PLANS TO PRINT LITERATURE RELATED TO THE SUBJECT MATTER BEING STUDIED AND OTHER TORAH SUBJECTS TO BE DISTRIBUTED TO THE MEMBERS AND OTHERS. ALSO, INDIVIDUALS WHO SIGN UP WILL BE TESTED PERIODICALLY ON THEIR STUDIES. FUNDS RAISED WILL BE USED PRIMARILY FOR PAYMENTS FOR LECTURERS, RENTALS OF LECTURE VENUES, PRINTING EXPENSES AND PAYROLL FOR THE DIRECTOR(S) OF THE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS ORGANIZATION IS TO ENCOURAGE THE STUDY OF THE TORAH (I.E. BIBLE) WITH AN EMPHASIS ON THE TEACHINGS AND COMMENTARIES OF CHASSIDIC MASTERS. THE ORGANIZATION WILL PROVIDE MEMBERS WITH STUDY PARTNERS WHERE REQUESTED. ALSO, LECTURES WILL BE OFFERED ON COVERED TOPICS FOR A MORE IN-DEPTH ANALYSIS OF THE SUBJECT MATTER. ADDITIONALLY, THE ORGANIZATION PLANS TO PRINT LITERATURE RELATED TO THE SUBJECT MATTER BEING STUDIED AND OTHER TORAH SUBJECTS TO BE DISTRIBUTED TO THE MEMBERS AND OTHERS. ALSO, INDIVIDUALS WHO SIGN UP WILL BE TESTED PERIODICALLY ON THEIR STUDIES. FUNDS RAISED WILL BE USED PRIMARILY FOR PAYMENTS FOR LECTURERS, RENTALS OF LECTURE VENUES, PRINTING EXPENSES AND PAYROLL FOR THE DIRECTOR(S) OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoel Naparstek President | Trustee | 20 | $18,000 |
Joseph Lefkowitz Secretary | Trustee | 2 | $0 |
Yocheved Naparstek Treasurer | Trustee | 5 | $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 | $255,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,696 |
| 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 | $278,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,366 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation of current officers, directors, key employees. | $4,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,387 |
| Office expenses | $2,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,767 |
| Travel | $7,528 |
| 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 | $32,112 |
| Total functional expenses | $289,329 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,467 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $80,468 |
| 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 | $4,306 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,750 |
| Total liabilities | $8,056 |
| Net assets without donor restrictions | $72,412 |
| 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 | $80,468 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mifal Hafatza Inc has recieved totaling $360.
| Awarding Organization | Amount |
|---|---|
Maimon And Ruth Kirschenbaum Foundation Inc New York, NY PURPOSE: SUPPORT OF RELIGIOUS OUTREACH | $360 |
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|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
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The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |