Maimonides Heritage Center Ltd

Tax-deductible

Carle Place, NY501(c)(3)EducationEIN 20-0503066

The maimonides heritage center, mercaz moreshet harambam, is an education and research institute dedicated to disseminating the teachings and philosophy of mainonides to the larger public, and creating a spiritual and cultural renaissance among world jewry with the values of maimonides as its basis. By serving as the focal point for the perpetuation of maimonides thought and actively engaging the surrounding community in its work, the maimonides heritage center will act as a catalyst to revitalizing the economically depressed city of tiberius which will cost its campus.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$65K 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

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $36K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 18% of spending
Top officer’s pay higher than 57% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $223K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$435K
-7% vs prior year
Spent
$362K
To programs
72%
Net assets
$336K
By yearFY2020–FY2024
Revenue
$435K
FY2024▼ -7%
Revenue by fiscal year
FY2020$224K
FY2021$264K
FY2022$353K
FY2023$468K
FY2024$435K
Expenses
$362K
FY2024▼ -9%
Expenses by fiscal year
FY2020$232K
FY2021$246K
FY2022$326K
FY2023$399K
FY2024$362K
Net assets
$336K
FY2024▲ +28%
Net assets by fiscal year
FY2020$148K
FY2021$166K
FY2022$193K
FY2023$262K
FY2024$336K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2004.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $260K Management & general 8% · $27K Fundraising 21% · $75K

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

Who runs it and what they're paid

5 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder & Dean
$65,000Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Rabbi Yamin Levy’s $65K as Founder & Dean is at the 57th percentile of top reported officer pay among 1612 $100K–1M education 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

NameFY2024FY2023FY2022FY2020
Rabbi Yamin Levy$65,000$60,000$48,000$12,000

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

Educates the public on Maimonides' teachings and philosophy, fostering Jewish spiritual and cultural renewal.

Provided by the organization

This section is blank until Maimonides Heritage Center Ltd claims this page.

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1 program service account for $260K of program spending, described in the organization's own filed words · FY2024.
01

To act as a catlyst to revitalizing the economically depressed city of tiberius.

$260Kprogram 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 · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 1 grant · $5K · 2023–2023

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$435K
Ln 12
Gifts and grantsLn 1h$435K
Investment incomeLn 3$103
Money outPt IX
$362K
Ln 25
Programscol B$260K
Managementcol C$27K
Fundraisingcol D$75K
Owns and owesPt X
$336K
net assets · Ln 32
Cash and savingsLn 1–2$341K
Total assetsLn 16$341K
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$435K
Investment incomeLn 3$103
Total revenueLn 12$435K
Assets in detailPt X, end of year
CashLn 1$331K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$341K
Total assetsLn 16$341K
LiabilitiesLn 26$5K
Net assetsLn 32$336K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$267K$341K
Total assetsLn 16$267K$341K
LiabilitiesLn 26$5K$5K
Net assetsLn 32$262K$336K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$250K$250K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$71K$2K$69K
Office expensesLn 13$1K$1K
TravelLn 17$15K$10K$5K
InsuranceLn 23$506$506
Total functional expensesLn 25$362K$260K$27K$75K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $435K$362K$74K$336K 990 PDF
FY2023 $468K$399K$69K$262K 990 PDF
FY2022 $353K$326K$27K$193K 990 PDF
FY2021 $264K$246K$18K$166K 990 PDF
FY2020 $224K$232K−$8K$148K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $435,255 across 4 lines filed
VIII-1f All other contributions, gifts and grants$435,152
VIII-1h Total contributions, gifts and grants$435,152
VIII-3 Investment incomeUnrelated business $103$103
VIII-12 Total revenueRelated to mission $0 · Unrelated business $103 · Excluded from tax $0$435,255
Part IX · Statement of functional expenses $361,714 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $250,000$250,000
IX-11c Accounting feesManagement $23,625$23,625
IX-11g Other fees for servicesManagement $1,927 · Fundraising $69,230$71,157
IX-13 Office expensesManagement $1,322$1,322
IX-17 TravelPrograms $9,818 · Fundraising $5,286$15,104
IX-23 InsuranceManagement $506$506
IX-25 Total functional expensesPrograms $259,818 · Management $27,380 · Fundraising $74,516$361,714
Part X · Balance sheet $340,780 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $257,639$331,170
X-2 Savings and temporary cash investmentsStart of year $9,600$9,610
X-16 Total assetsStart of year $267,239$340,780
X-25 Other liabilitiesStart of year $4,975$4,975
X-26 Total liabilitiesStart of year $4,975$4,975
X-27 Net assets without donor restrictionsStart of year $262,264$335,805
X-32 Total net assets or fund balancesStart of year $262,264$335,805
X-33 Total liabilities and net assetsStart of year $267,239$340,780
Part XI · Reconciliation of net assets $335,805 net assets at year end
XI-1 Total revenue$435,255
XI-2 Total expenses$361,714
XI-3 Revenue less expenses$73,541
XI-4 Net assets at start of year$262,264
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$335,805

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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