Kneses Hatorah FY2020 filing

Tax-deductible

Brooklyn, NY501(c)(3)InternationalEIN 13-7153245Revenue $333K in FY2020

On file with the IRS494 E 2nd St, 11218-4504 · Brooklyn, NYTax-exempt since Jun 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Grants provided to educational institutions abroad to further thir mission of spreading Torah

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
3 of 4
filings with a surplus
Average surplus $56K a year · 31% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $24K
Looks good: 5 funders name it on their filings; 3 or more.
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
$333K
Spent
$281K
To programs
89%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$333K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$333K
FY2021$325K
FY2022$24K
FY2024$30K
Expenses
$281K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$140K
FY2022$65K
FY2024$2K
Net assets
$1.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$1.7M
FY2024$1.7M

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
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 Jun 1999.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $250K Management & general 5% · $15K Fundraising 6% · $16K

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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kneses Hatorah 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 15aNo

Programs and updates

Funds educational institutions abroad to spread Torah.

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Provided by the organization

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1 program · $250K · in their own filed words · FY2019
01

To support charitable and religious educational institutions in the US and abroad

$250Kprogram 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
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$333K
Ln 12
Gifts and grantsLn 1h$302K
Investment incomeLn 3$31K
Money outPt IX
$281K
Ln 25
Programscol B$250K
Managementcol C$15K
Fundraisingcol D$16K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$361K
Total assetsLn 16$1.6M
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$302K
Investment incomeLn 3$31K
Gains on assetsLn 7$0
Total revenueLn 12$333K
Assets in detailPt X, end of year
CashLn 1$361K
SavingsLn 2$0
Cash and savings togetherLn 1–2$361K
InvestmentsLn 11–13$934K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$280K
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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$380K$361K
InvestmentsLn 11–13$864K$934K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$250K$250K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$16K$16K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$0
Total functional expensesLn 25$281K$250K$15K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $30K$2K$28K$1.7M 990 PDF
FY2023 Not on file
FY2022 $24K$65K−$41K$1.7M 990 PDF
FY2021 $325K$140K$184K$1.8M 990 PDF
FY2020 Viewing $333K$281K$52K$1.6M 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 (6 parts)
Part I · Summary $333,009 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $380,605$301,747
I-9 Program service revenue$0
I-10 Investment incomePrior year $44,931$31,262
I-11 Other revenue$0
I-12 Total revenuePrior year $425,536$333,009
I-13 Grants and similar amounts paidPrior year $200,000$250,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $34,848$30,525
I-18 Total expensesPrior year $234,848$280,525
I-19 Revenue less expensesPrior year $190,688$52,484
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $333,009 across 8 lines filed
VIII-1f All other contributions, gifts and grants$301,747
VIII-1h Total contributions, gifts and grants$301,747
VIII-3 Investment incomeExcluded from tax $31,262$31,262
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $31,262$333,009
Part IX · Statement of functional expenses $280,525 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $250,000$250,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,600$1,600
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelFundraising $15,706$15,706
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $13,219$13,219
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $250,000 · Management $14,819 · Fundraising $15,706$280,525
Part X · Balance sheet $1,575,836 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $142,194$361,405
X-2 Savings and temporary cash investmentsStart of year $237,331$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $863,828$934,431
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $280,000$280,000
X-16 Total assetsStart of year $1,523,353$1,575,836
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,523,353$1,575,836
X-32 Total net assets or fund balancesStart of year $1,523,353$1,575,836
X-33 Total liabilities and net assetsStart of year $1,523,353$1,575,836
Part XI · Reconciliation of net assets $1,575,836 net assets at year end
XI-1 Total revenue$333,009
XI-2 Total expenses$280,525
XI-3 Revenue less expenses$52,484
XI-4 Net assets at start of year$1,523,353
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$1,575,836

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

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