Shabtai FY2022 filing

Tax-deductible

New Haven, CT501(c)(3)ReligionEIN 06-1516674

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SEE FORM 990, PAGE 2, PART III, LINE 4a

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
0 of 5
filings with a surplus
Average deficit $328K a year · 250% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $141K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.0M
238% of total assets
Concern: liabilities are 238% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$242K
-274% vs prior year
Spent
$517K
To programs
39%
Net assets
−$2.3M
By yearFY2020–FY2024
Revenue
−$242K
FY2022▼ -274%
Revenue by fiscal year
FY2020$195K
FY2021$139K
FY2022−$242K
FY2023$238K
FY2024$328K
Expenses
$517K
FY2022▲ +43%
Expenses by fiscal year
FY2020$372K
FY2021$362K
FY2022$517K
FY2023$451K
FY2024$598K
Net assets
−$2.3M
FY2022▼ -49%
Net assets by fiscal year
FY2020−$1.3M
FY2021−$1.5M
FY2022−$2.3M
FY2023−$2.5M
FY2024−$2.8M

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2020.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $201K Management & general 61% · $315K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Rabbi Samuel Hecht’s $37K as Secretary is at the 38th percentile of top reported officer pay among 2133 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2023FY2021FY2020
Rabbi Samuel Hecht$37,333$29,840$29,891

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.

See Shabtai executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides resources and support to help individuals and families achieve financial stability and independence.

Provided by the organization

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1 program · $201K · in their own filed words · FY2022
01

Shabtai, inc. Has in past years provided numerous lectures & events to promote religious, intellectual, moral & social welfare for the jewish & larger community. Shabtai, inc. Has maintained an establishment suitable for devine worship in accordance with the principles of the orthodox jewish faith. Shabtai, inc.

$201Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$141K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
−$242K
Ln 12
Gifts and grantsLn 1h$101K
Money outPt IX
$517K
Ln 25
Programscol B$201K
Managementcol C$315K
Owns and owesPt X
−$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$1.7M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Total revenueLn 12−$242K
Assets in detailPt X, end of year
CashLn 1$73K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$15K
Total assetsLn 16$1.7M
LiabilitiesLn 26$4.0M
Net assetsLn 32−$2.3M
OperationsPt I, VI
EmployeesI 52
VolunteersI 6500
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$32K$73K
Land, buildings, equipmentLn 10c$1.5M$1.5M
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$3.1M$4.0M
Net assetsLn 32−$1.5M−$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$88K$0$88K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$71K$0$71K$0
Payroll taxesLn 10$7K$0$7K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$6K$0$6K$0
Accounting feesLn 11c$1K$550$850$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$39K$37K$3K$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$24K$9K$15K$0
OccupancyLn 16$5K$0$5K$0
TravelLn 17$12K$0$12K$0
InterestLn 20$27K$0$27K$0
Depreciation, depletion and amortizationLn 22$16K$0$16K$0
InsuranceLn 23$7K$3K$5K$0
Other expenses (24a–d)Ln 24$61K$11K$50K$0
All other expensesLn 24e$151K$141K$9K$0
Total functional expensesLn 25$517K$201K$315K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $328K$598K−$270K−$2.8M 990 PDF
FY2023 $238K$451K−$214K−$2.5M 990 PDF
FY2022 Viewing −$242K$517K−$759K−$2.3M 990 PDF
FY2021 $139K$362K−$223K−$1.5M 990 PDF
FY2020 $195K$372K−$177K−$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue −$242,130 across 4 lines filed
VIII-1f All other contributions, gifts and grants$101,020
VIII-1h Total contributions, gifts and grants$101,020
VIII-6 Net rental income or lossRelated to mission −$343,150−$343,150
VIII-12 Total revenueRelated to mission −$343,150 · Unrelated business $0 · Excluded from tax $0−$242,130
Part IX · Statement of functional expenses $516,585 across 26 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $88,446 · Fundraising $0$88,446
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $70,893 · Fundraising $0$70,893
IX-10 Payroll taxesPrograms $0 · Management $7,462 · Fundraising $0$7,462
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $5,954 · Fundraising $0$5,954
IX-11c Accounting feesPrograms $550 · Management $850 · Fundraising $0$1,400
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $36,722 · Management $2,525 · Fundraising $0$39,247
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $8,946 · Management $15,396 · Fundraising $0$24,342
IX-16 OccupancyPrograms $0 · Management $4,921 · Fundraising $0$4,921
IX-17 TravelPrograms $0 · Management $11,774 · Fundraising $0$11,774
IX-20 InterestPrograms $0 · Management $26,517 · Fundraising $0$26,517
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $16,380 · Fundraising $0$16,380
IX-23 InsurancePrograms $2,607 · Management $4,840 · Fundraising $0$7,447
IX-24 Other expenses (24a–d)Programs $11,431 · Management $49,705 · Fundraising $0$61,136
IX-24e All other expensesPrograms $141,220 · Management $9,446 · Fundraising $0$150,666
IX-25 Total functional expensesPrograms $201,476 · Management $315,109 · Fundraising $0$516,585
Part X · Balance sheet $1,660,496 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $31,565$72,843
X-9 Prepaid expenses and deferred chargesStart of year $2,500$94,622
X-10c Land, buildings and equipment, netStart of year $1,513,903$1,478,429
X-15 Other assetsStart of year $47,610$14,602
X-16 Total assetsStart of year $1,595,578$1,660,496
X-17 Accounts payable and accrued expensesStart of year $121,368$164,545
X-24 Unsecured notes and loans payableStart of year $35,000$20,000
X-25 Other liabilitiesStart of year $492,215$877,346
X-26 Total liabilitiesStart of year $3,131,818$3,955,452
X-27 Net assets without donor restrictionsStart of year −$1,536,240−$2,294,956
X-32 Total net assets or fund balancesStart of year −$1,536,240−$2,294,956
X-33 Total liabilities and net assetsStart of year $1,595,578$1,660,496
Part XI · Reconciliation of net assets −$2,294,956 net assets at year end
XI-1 Total revenue−$242,130
XI-2 Total expenses$516,585
XI-3 Revenue less expenses−$758,715
XI-4 Net assets at start of year−$1,536,240
XI-10 Net assets at end of year−$2,294,956

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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