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Simchas Yom Tov INC

IRS exemption revoked

Brooklyn, NYUnknown exempt organization EIN 20-8161023Revenue $721K in FY2022

On file with the IRS4508 15th Ave · Brooklyn, NY

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To provide financial support to needy individuals and families

91¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
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
0 of 2
filings with a surplus
Average deficit $153K a year · 22% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$506K
246% of total assets
Concern: liabilities are 246% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$721K
+12% vs prior year
Spent
$895K
To programs
91%
Net assets
−$300K
By yearFY2021–FY2022
Revenue
$721K
FY2022▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$644K
FY2022$721K
Expenses
$895K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$775K
FY2022$895K
Net assets
−$300K
FY2022▼ -138%
Tap a bar for its year
Net assets by fiscal year
FY2021−$126K
FY2022−$300K

From the FY2022 Form 990 (year ending January 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on June 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $814K Management & general 4% · $32K Fundraising 5% · $48K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Yitzchok Bald
Vice President
$0Pt VII · Sec A
Binyamin Kaluszyner
Secretary/Treasurer
$0Pt VII · Sec A
See Simchas Yom Tov 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid to individuals and families in need.

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Provided by the organization

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1 program · $814K · in their own filed words · FY2021
01

Provided financial support to needy inividuals and families through direct grants

$814Kprogram expense

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 · FY2025
George and Ellen Friedman Family FoundationFY2025$250
Total grants receivedfrom 1 funder$250
Grants paid · 2 grants · $1.5M · 2020–2021
Unitemized GrantFY2021$814,172
Unitemized GrantFY2020$657,502

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$721K
Ln 12
Gifts and grantsLn 1h$721K
Money outPt IX
$895K
Ln 25
Programscol B$814K
Managementcol C$32K
Fundraisingcol D$48K
Owns and owesPt X
−$300K
net assets · Ln 32
Cash and savingsLn 1–2$206K
Total assetsLn 16$206K
LiabilitiesLn 26$506K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$721K
Government grantsLn 1e$15K
Total revenueLn 12$721K
Assets in detailPt X, end of year
CashLn 1$206K
Cash and savings togetherLn 1–2$206K
Total assetsLn 16$206K
LiabilitiesLn 26$506K
Net assetsLn 32−$300K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJanuary
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 FY22End FY22
Cash and savingsLn 1–2$24K$206K
Total assetsLn 16$24K$206K
LiabilitiesLn 26$150K$506K
Net assetsLn 32−$126K−$300K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$814K$814K
Legal feesLn 11b$4K$0$4K$0
Accounting feesLn 11c$5K$0$5K$0
Other fees for servicesLn 11g$880$0$0$880
Advertising and promotionLn 12$375$0$0$375
Office expensesLn 13$8K$0$8K$0
OccupancyLn 16$9K$0$9K$0
TravelLn 17$17K$0$0$17K
InterestLn 20$6K$0$6K$0
Other expenses (24a–d)Ln 24$30K$0$0$30K
Total functional expensesLn 25$895K$814K$32K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $721K$895K−$174K−$300K 990 PDF
FY2021 $644K$775K−$131K−$126K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $721,029 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $643,666$721,029
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $643,666$721,029
I-13 Grants and similar amounts paidPrior year $657,502$814,172
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $117,634$80,863
I-18 Total expensesPrior year $775,136$895,035
I-19 Revenue less expensesPrior year −$131,470−$174,006
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $721,029 across 4 lines filed
VIII-1e Government grants$15,000
VIII-1f All other contributions, gifts and grants$706,029
VIII-1h Total contributions, gifts and grants$721,029
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$721,029
Part IX · Statement of functional expenses $895,035 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $814,172$814,172
IX-11b Legal feesPrograms $0 · Management $4,000 · Fundraising $0$4,000
IX-11c Accounting feesPrograms $0 · Management $5,484 · Fundraising $0$5,484
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $880$880
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $375$375
IX-13 Office expensesPrograms $0 · Management $7,883 · Fundraising $0$7,883
IX-16 OccupancyPrograms $0 · Management $9,000 · Fundraising $0$9,000
IX-17 TravelPrograms $0 · Management $0 · Fundraising $16,783$16,783
IX-20 InterestPrograms $0 · Management $6,047 · Fundraising $0$6,047
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $30,411$30,411
IX-25 Total functional expensesPrograms $814,172 · Management $32,414 · Fundraising $48,449$895,035
Part X · Balance sheet $205,963 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $23,822$205,963
X-16 Total assetsStart of year $23,822$205,963
X-17 Accounts payable and accrued expenses$6,047
X-26 Total liabilitiesStart of year $149,900$506,047
X-27 Net assets without donor restrictionsStart of year −$126,078−$300,084
X-32 Total net assets or fund balancesStart of year −$126,078−$300,084
X-33 Total liabilities and net assetsStart of year $23,822$205,963
Part XI · Reconciliation of net assets −$300,084 net assets at year end
XI-1 Total revenue$721,029
XI-2 Total expenses$895,035
XI-3 Revenue less expenses−$174,006
XI-4 Net assets at start of year−$126,078
XI-10 Net assets at end of year−$300,084

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

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