Afikim INC FY2020 filing

Tax-deductible

Brooklyn, NY501(c)(3)EducationEIN 11-2883774

Grants to jewish organizations

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $20K a year · 30% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 22.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$109K
Spent
$96K
To programs
86%
Net assets
$1.1M
By yearFY2020–FY2022
Revenue
$109K
FY2020
Revenue by fiscal year
FY2020$109K
FY2021$66K
FY2022$28K
Expenses
$96K
FY2020
Expenses by fiscal year
FY2020$96K
FY2021$83K
FY2022$83K
Net assets
$1.1M
FY2020
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.0M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Mar 1988.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $83K Management & general 14% · $13K

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

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
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Afikim INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Afikim INC is an education nonprofit based in Brooklyn, NY.

Provided by the organization

This section is blank until Afikim INC claims this page.

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1 program service account for $83K of program spending, described in the organization's own filed words · FY2020.
01

Awarded grants to jewish organizations.

$83Kprogram expense

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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 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$109K
Ln 12
Gifts and grantsLn 1h$80K
Investment incomeLn 3$28K
Money outPt IX
$96K
Ln 25
Programscol B$83K
Managementcol C$13K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$80K
Investment incomeLn 3$28K
Gains on assetsLn 7$3K
Total revenueLn 12$109K
Assets in detailPt X, end of year
CashLn 1$171K
SavingsLn 2$11K
Cash and savings togetherLn 1–2$182K
InvestmentsLn 11–13$900K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$190K$182K
InvestmentsLn 11–13$880K$900K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$82K$82K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$11K$11K
Office expensesLn 13$312$312
Other expenses (24a–d)Ln 24$2K$1K$606
Total functional expensesLn 25$96K$83K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $28K$83K−$55K$1.0M 990 PDF
FY2021 $66K$83K−$18K$1.1M 990 PDF
FY2020 Viewing $109K$96K$13K$1.1M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $108,612 across 5 lines filed
VIII-1f All other contributions, gifts and grants$80,440
VIII-1h Total contributions, gifts and grants$80,440
VIII-3 Investment incomeExcluded from tax $24,726$24,726
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,446$3,446
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $28,172$108,612
Part IX · Statement of functional expenses $95,893 across 5 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $81,850$81,850
IX-11c Accounting feesManagement $1,400$1,400
IX-11f Investment management feesManagement $10,725$10,725
IX-13 Office expensesManagement $312$312
IX-24 Other expenses (24a–d)Programs $1,000 · Management $606$1,606
IX-25 Total functional expensesPrograms $82,850 · Management $13,043 · Fundraising $0$95,893
Part X · Balance sheet $1,082,833 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $175,795$171,066
X-2 Savings and temporary cash investmentsStart of year $14,149$11,325
X-12 Other securitiesStart of year $880,170$900,442
X-16 Total assetsStart of year $1,070,114$1,082,833
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,070,114$1,082,833
X-33 Total liabilities and net assetsStart of year $1,070,114$1,082,833
Part XI · Reconciliation of net assets $1,082,833 net assets at year end
XI-1 Total revenue$108,612
XI-2 Total expenses$95,893
XI-3 Revenue less expenses$12,719
XI-4 Net assets at start of year$1,070,114
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,082,833

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

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