Beni Torah Fund
- Assets
- $6.4m
- Revenue
- $622.9k
- Investments
- $385.5k
- Employees
- 0
- Location
- Sunny Isles Beach, FL
- Founding
- Data as of
- 12/2021
- EIN
- 82-6795252
Organization Overview
Beni Torah Fund is located in Sunny Isles Beach, FL. Beni Torah Fund 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, Beni Torah Fund generated $622.9k in total revenue. All expenses for the organization totaled $403.1k during the year ending 12/2021. While expenses have increased by 38.5% per year over the past 2 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.
Since 2020, Beni Torah Fund has awarded 13 individual grants totaling $580,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT AND DISTRIBUTE FUNDS TO THOSE ORGANIZATIONS WHO QUALIFY AS A RECOGNIZED CHARITY OR FOUNDATION OF EXPANDING THE JEWISH RELIGON THROUGH EDUCATION AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENI TORAH FUND HAS SET ITSELF UP TO FACILITATE THE RAISING OF FUNDS TO DISTRIBUTE TO ORGANIZATIONS AND INDIVIDUALS WHO CONTINUALLY EXPAND THEIR FOOT PRINT IN JEWISH OUTREACH AND EDUCATION. THE FUNDS ARE DISBURSED TO THOSE WHO SHOW ADVOCAY, RESEARCH, AND EDUCATION. BENI TORAH WAS ABLE TO MEET ITS FUNDING CRITERIA THIS YEAR THROUGH GENEROUS DONATIONS AND CAREFUL FUNDING OF ORGANIZATIONS THAT MET THE MISSION CRITERIA. FUNDING HAS GONE TO ORGANIZATIONS AND INDIVIDUALS THAT DO COMMUNITY OUTREACH THROUGH EVENTS AND WEEKEND RETREATS SHOWING THOSE OF THE JEWISH FAITH THE BEAUTY OF LIVING A SPIRITUAL LIFE AS OUTLINED BY THE TORAH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Isaacoff Executive Director | OfficerTrustee | 5 | $0 |
Ovadia Aharonhoff Director | Trustee | 2 | $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 | $590,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,400 |
| Total Program Service Revenue | $0 |
| Investment income | $32,454 |
| 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 | $622,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $377,600 |
| 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 | $25,000 |
| 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 | $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 | $0 |
| All other expenses | $500 |
| Total functional expenses | $403,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,045 |
| Savings and temporary cash investments | $5,851,267 |
| 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 | $385,495 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,409,807 |
| 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 | $6,409,807 |
| 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 | $6,409,807 |
Grants Awarded
Over the last fiscal year, Beni Torah Fund has awarded $370,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SHAAREI ZION INSTITUTIONS INC PURPOSE: To continue supporting the mission | $133,600 |
Hornell, NY PURPOSE: To continue supporting the mission | $84,000 |
Flushing, NY PURPOSE: To continue supporting the mission | $50,000 |
New York, NY PURPOSE: To continue supporting the mission | $35,000 |
Brooklyn, NY PURPOSE: To continue supporting the mission | $18,000 |
AHAVAT ISRAEL NACHAT ISACHAR PURPOSE: To continue supporting the mission | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Aspire Health Partners Inc Orlando, FL | $88,783,924 | $102,481,660 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Young Mens Christian Association Of Metropolitan Atlanta Inc Atlanta, GA | $319,280,484 | $102,392,694 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |