Touro Fraternal Association FY2020 filing

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Operate an organization for Fraternal purposes

501(c)(8) fraternal beneficiary society; gifts are not tax-deductible as charitable contributions.
69¢ of each $1 spent went to programs.
$31K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(8)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $89K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $17.0M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $17.0M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$730K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
Spent
$233K
To programs
69%
Net assets
$16.8M
By yearFY2020–FY2024
Revenue
$410K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$410K
FY2021$411K
FY2022$578K
FY2023$561K
FY2024$643K
Expenses
$233K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$233K
FY2021$933K
FY2022$339K
FY2023$324K
FY2024$329K
Net assets
$16.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$16.8M
FY2021$18.9M
FY2022$16.9M
FY2023$18.0M
FY2024$20.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $162K Management & general 31% · $71K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation
Administrator
$31,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Hodosh$32,000$32,000$31,000$31,000$31,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides a community for members with shared interests and goals.

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Provided by the organization

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1 program · $162K · in their own filed words · FY2020
01

Operate an organization for fraternal purposes

$162Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $10K · 2020–2021
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$5,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$410K
Ln 12
Investment incomeLn 3$397K
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$2K
Money outPt IX
$233K
Ln 25
Programscol B$162K
Managementcol C$71K
Owns and owesPt X
$16.8M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$17.6M
LiabilitiesLn 26$730K
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$2K
Investment incomeLn 3$397K
Gains on assetsLn 7$0
Total revenueLn 12$410K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$17.0M
Land, buildings, equipmentLn 10c$251K
Other assetsLn 15$154K
Total assetsLn 16$17.6M
LiabilitiesLn 26$730K
Net assetsLn 32$16.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13K$3K
InvestmentsLn 11–13$16.3M$17.0M
Land, buildings, equipmentLn 10c$266K$251K
Total assetsLn 16$16.9M$17.6M
LiabilitiesLn 26$737K$730K
Net assetsLn 32$16.1M$16.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$15K$15K
Pay of current officers, directors and key staffLn 5$31K$0$31K$0
Payroll taxesLn 10$3K$0$3K$0
Accounting feesLn 11c$13K$0$13K$0
Office expensesLn 13$3K$0$3K$0
OccupancyLn 16$8K$0$8K$0
Depreciation, depletion and amortizationLn 22$15K$15K$0$0
InsuranceLn 23$10K$0$10K$0
Other expenses (24a–d)Ln 24$100K$100K$0$0
All other expensesLn 24e$35K$32K$4K$0
Total functional expensesLn 25$233K$162K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $643K$329K$314K$20.3M 990 PDF
FY2023 $561K$324K$237K$18.0M 990 PDF
FY2022 $578K$339K$239K$16.9M 990 PDF
FY2021 $411K$933K−$522K$18.9M 990 PDF
FY2020 Viewing $410K$233K$177K$16.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $410,397 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,036$10,784
I-9 Program service revenuePrior year $900$2,396
I-10 Investment incomePrior year $369,265$397,217
I-11 Other revenue$0
I-12 Total revenuePrior year $392,201$410,397
I-13 Grants and similar amounts paidPrior year $5,000$15,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $33,673$33,629
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $230,783$184,624
I-18 Total expensesPrior year $269,456$233,253
I-19 Revenue less expensesPrior year $122,745$177,144
Part VI · Governance 17 of 17 board members independent, 4 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $410,397 across 6 lines filed
VIII-1b Membership dues$10,784
VIII-1h Total contributions, gifts and grants$10,784
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $2,396$2,396
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $397,217$397,217
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $399,613$410,397
Part IX · Statement of functional expenses $233,253 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $15,000$15,000
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $31,000 · Fundraising $0$31,000
IX-10 Payroll taxesPrograms $0 · Management $2,629 · Fundraising $0$2,629
IX-11c Accounting feesPrograms $0 · Management $13,400 · Fundraising $0$13,400
IX-13 Office expensesPrograms $0 · Management $3,260 · Fundraising $0$3,260
IX-16 OccupancyPrograms $0 · Management $7,798 · Fundraising $0$7,798
IX-22 Depreciation, depletion and amortizationPrograms $15,450 · Management $0 · Fundraising $0$15,450
IX-23 InsurancePrograms $0 · Management $9,589 · Fundraising $0$9,589
IX-24 Other expenses (24a–d)Programs $99,784 · Management $0 · Fundraising $0$99,784
IX-24e All other expensesPrograms $31,530 · Management $3,813 · Fundraising $0$35,343
IX-25 Total functional expensesPrograms $161,764 · Management $71,489 · Fundraising $0$233,253
Part X · Balance sheet $17,567,276 assets, 13 lines filed
Asset lines not itemized here account for $106,441; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $12,949$2,502
X-4 Accounts receivableStart of year $13,575$13,995
X-9 Prepaid expenses and deferred chargesStart of year $5,748$9,036
X-10c Land, buildings and equipment, netStart of year $266,134$250,684
X-11 Publicly traded securitiesStart of year $16,309,161$17,031,117
X-15 Other assetsStart of year $154,423$153,501
X-16 Total assetsStart of year $16,867,763$17,567,276
X-19 Deferred revenueStart of year $20,651$21,286
X-25 Other liabilitiesStart of year $716,488$708,796
X-26 Total liabilitiesStart of year $737,139$730,082
X-27 Net assets without donor restrictionsStart of year $16,130,624$16,837,194
X-32 Total net assets or fund balancesStart of year $16,130,624$16,837,194
X-33 Total liabilities and net assetsStart of year $16,867,763$17,567,276
Part XI · Reconciliation of net assets $16,837,194 net assets at year end
XI-1 Total revenue$410,397
XI-2 Total expenses$233,253
XI-3 Revenue less expenses$177,144
XI-4 Net assets at start of year$16,130,624
XI-5 Net unrealized gains (losses) on investments$529,426
XI-10 Net assets at end of year$16,837,194

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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