Shabtai FY2023 filing

Tax-deductible

New Haven, CT501(c)(3)ReligionEIN 06-1516674Revenue $238K in FY2023

On file with the IRS422 Orange St, 06511-0000 · New Haven, CTTax-exempt since Sep 2020Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$37K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$37K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 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
$4.1M
258% of total assets
Concern: liabilities are 258% 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
$238K
+198% vs prior year
Spent
$451K
To programs
51%
Net assets
−$2.5M
By yearFY2020–FY2024
Revenue
$238K
FY2023▲ +198%
Tap a bar for its year
Revenue by fiscal year
FY2020$195K
FY2021$139K
FY2022−$242K
FY2023$238K
FY2024$328K
Expenses
$451K
FY2023▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$372K
FY2021$362K
FY2022$517K
FY2023$451K
FY2024$598K
Net assets
−$2.5M
FY2023▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.3M
FY2021−$1.5M
FY2022−$2.3M
FY2023−$2.5M
FY2024−$2.8M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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

51 cents of each dollar spent went to programs.

Program services 51% · $230K Management & general 49% · $221K

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; $37K paid to officers and key staff.

Part VII, Section A · reportable compensation
$37,333Pt 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.

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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.

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Provided by the organization

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1 program · $230K · in their own filed words · FY2023
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.

$230Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$238K
Ln 12
Gifts and grantsLn 1h$151K
Other incomeLn 4–11$87K
Investment incomeLn 3$305
Money outPt IX
$451K
Ln 25
Programscol B$230K
Managementcol C$221K
Owns and owesPt X
−$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$1.6M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$151K
Investment incomeLn 3$305
Other incomeLn 4–11$87K
Total revenueLn 12$238K
Assets in detailPt X, end of year
CashLn 1$74K
Cash and savings togetherLn 1–2$74K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$15K
Total assetsLn 16$1.6M
LiabilitiesLn 26$4.1M
Net assetsLn 32−$2.5M
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 FY23End FY23
Cash and savingsLn 1–2$73K$74K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$4.0M$4.1M
Net assetsLn 32−$2.3M−$2.5M
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$37K$37K
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$80K$21K$59K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$13K$3K$10K$0
Payroll taxesLn 10$7K$2K$5K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$3K$0$3K$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$41K$36K$5K$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$5K$778$5K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$4K$0$4K$0
TravelLn 17$3K$0$3K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$22K$0$22K$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$51K$0$51K$0
InsuranceLn 23$7K$2K$5K$0
Other expenses (24a–d)Ln 24$27K$4K$23K$0
All other expensesLn 24e$152K$124K$28K$0
Total functional expensesLn 25$451K$230K$221K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $328K$598K−$270K−$2.8M 990 PDF
FY2023 Viewing $238K$451K−$214K−$2.5M 990 PDF
FY2022 −$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 FY2023 990 (6 parts)
Part I · Summary $237,810 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,020$150,800
I-9 Program service revenue$0
I-10 Investment income$305
I-11 Other revenuePrior year −$343,150$86,705
I-12 Total revenuePrior year −$242,130$237,810
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$37,333
I-15 Salaries and benefitsPrior year $166,801$100,586
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $349,784$313,566
I-18 Total expensesPrior year $516,585$451,485
I-19 Revenue less expensesPrior year −$758,715−$213,675
Part VI · Governance 2 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $237,810 across 5 lines filed
VIII-1f All other contributions, gifts and grants$150,800
VIII-1h Total contributions, gifts and grants$150,800
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$305
VIII-6 Net rental income or lossUnrelated business $86,705$86,705
VIII-12 Total revenueRelated to mission $305 · Unrelated business $86,705 · Excluded from tax $0$237,810
Part IX · Statement of functional expenses $451,485 across 30 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 $37,333$37,333
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 $20,900 · Management $59,231 · Fundraising $0$80,131
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $3,450 · Management $9,775 · Fundraising $0$13,225
IX-10 Payroll taxesPrograms $1,886 · Management $5,344 · Fundraising $0$7,230
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $3,075 · Fundraising $0$3,075
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $36,130 · Management $4,571 · Fundraising $0$40,701
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $778 · Management $4,685 · Fundraising $0$5,463
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $3,886 · Fundraising $0$3,886
IX-17 TravelPrograms $0 · Management $3,164 · Fundraising $0$3,164
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $21,521 · Fundraising $0$21,521
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $50,696 · Fundraising $0$50,696
IX-23 InsurancePrograms $2,116 · Management $4,875 · Fundraising $0$6,991
IX-24 Other expenses (24a–d)Programs $4,010 · Management $22,506 · Fundraising $0$26,516
IX-24e All other expensesPrograms $123,638 · Management $27,915 · Fundraising $0$151,553
IX-25 Total functional expensesPrograms $230,241 · Management $221,244 · Fundraising $0$451,485
Part X · Balance sheet $1,591,645 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $72,843$74,281
X-9 Prepaid expenses and deferred chargesStart of year $94,622$96,009
X-10c Land, buildings and equipment, netStart of year $1,478,429$1,406,753
X-15 Other assetsStart of year $14,602$14,602
X-16 Total assetsStart of year $1,660,496$1,591,645
X-17 Accounts payable and accrued expensesStart of year $164,545$1,012
X-24 Unsecured notes and loans payableStart of year $20,000$325,000
X-25 Other liabilitiesStart of year $877,346$945,487
X-26 Total liabilitiesStart of year $3,955,452$4,100,276
X-27 Net assets without donor restrictionsStart of year −$2,294,956−$2,508,631
X-32 Total net assets or fund balancesStart of year −$2,294,956−$2,508,631
X-33 Total liabilities and net assetsStart of year $1,660,496$1,591,645
Part XI · Reconciliation of net assets −$2,508,631 net assets at year end
XI-1 Total revenue$237,810
XI-2 Total expenses$451,485
XI-3 Revenue less expenses−$213,675
XI-4 Net assets at start of year−$2,294,956
XI-10 Net assets at end of year−$2,508,631

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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