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Mabas Fund INC

Tax-deductible

Lakewood, NJ501(c)(3)Since 2001EducationEIN 22-3768865Revenue $9.1M in FY2024

On file with the IRS1126 Carolina St, 08701-2123 · Lakewood, NJTax-exempt since Jun 2004Publicly supported charity — 170(b)(1)(A)(vi)

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To provide support for needy families in the community and maintain an educational program advancing talmudic studies.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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 $190K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
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
$9.1M
+82% vs prior year
Spent
$8.7M
To programs
99%
Net assets
$880K
By yearFY2020–FY2024
Revenue
$9.1M
FY2024▲ +82%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.7M
FY2022$5.7M
FY2023$5.0M
FY2024$9.1M
Expenses
$8.7M
FY2024▲ +74%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$3.4M
FY2022$5.7M
FY2023$5.0M
FY2024$8.7M
Net assets
$880K
FY2024▲ +65%
Tap a bar for its year
Net assets by fiscal year
FY2020$212K
FY2021$538K
FY2022$551K
FY2023$534K
FY2024$880K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

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

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $8.6M Management & general 1% · $67K Fundraising 1% · $56K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mabas Fund 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

Supports needy families and offers an educational program for Talmudic studies.

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Provided by the organization

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1 program · $8.6M · in their own filed words · FY2024
01

The organization is organized to support and assist needy families in the community and to advance talmudic studies by creating an endowment fund which provides grants and financial aid to needy students.

$8.6Mprogram 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
Mary & Abe Sutton FoundationFY2025$500
Total grants receivedfrom 1 funder$500
Grants paid · 10 grants · $24.7M · 2020–2024
Unitemized GrantFY2024$8,582,973
Unitemized GrantFY2024$1,790
Unitemized GrantFY2023$4,868,218
Unitemized GrantFY2023$4,385
Unitemized GrantFY2022$5,442,479
Unitemized GrantFY2022$86,740
Unitemized GrantFY2021$3,320,751
Unitemized GrantFY2021$19,185
Unitemized GrantFY2020$2,350,425
Unitemized GrantFY2020$11,415

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$9.1M
Ln 12
Gifts and grantsLn 1h$9.1M
Investment incomeLn 3$14
Money outPt IX
$8.7M
Ln 25
Programscol B$8.6M
Managementcol C$67K
Fundraisingcol D$56K
Owns and owesPt X
$880K
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.3M
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$9.1M
Noncash giftsLn 1g$4.6M
Investment incomeLn 3$14
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$2.6M
Cash and savings togetherLn 1–2$2.6M
Total assetsLn 16$3.2M
LiabilitiesLn 26$2.3M
Net assetsLn 32$880K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$313K$2.6M
Total assetsLn 16$833K$3.2M
LiabilitiesLn 26$299K$2.3M
Net assetsLn 32$534K$880K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8.6M$8.6M
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$25K$25K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$11K$11K
Other expenses (24a–d)Ln 24$99K$45K$53K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$8.7M$8.6M$67K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $9.1M$8.7M$346K$880K 990 PDF
FY2023 $5.0M$5.0M−$17K$534K 990 PDF
FY2022 $5.7M$5.7M$12K$551K 990 PDF
FY2021 $3.7M$3.4M$326K$538K 990 PDF
FY2020 $2.7M$2.4M$284K$212K 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 (6 parts)
Part I · Summary $9,079,347 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,996,915$9,079,333
I-9 Program service revenue$0
I-10 Investment incomePrior year $8$14
I-11 Other revenue$0
I-12 Total revenuePrior year $4,996,923$9,079,347
I-13 Grants and similar amounts paidPrior year $4,872,603$8,584,763
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,142$148,423
I-18 Total expensesPrior year $5,013,745$8,733,186
I-19 Revenue less expensesPrior year −$16,822$346,161
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,079,347 across 5 lines filed
VIII-1f All other contributions, gifts and grants$9,079,333
VIII-1g Noncash contributions (included above)$4,599,857
VIII-1h Total contributions, gifts and grants$9,079,333
VIII-3 Investment incomeExcluded from tax $14$14
VIII-12 Total revenueExcluded from tax $14$9,079,347
Part IX · Statement of functional expenses $8,733,186 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $8,584,763$8,584,763
IX-11b Legal feesManagement $3,350$3,350
IX-11c Accounting feesManagement $5,250$5,250
IX-11g Other fees for servicesPrograms $25,372$25,372
IX-12 Advertising and promotionFundraising $2,726$2,726
IX-13 Office expensesManagement $11,476$11,476
IX-24 Other expenses (24a–d)Management $45,195 · Fundraising $53,348$98,543
IX-24e All other expensesManagement $1,706$1,706
IX-25 Total functional expensesPrograms $8,610,135 · Management $66,977 · Fundraising $56,074$8,733,186
Part X · Balance sheet $3,229,300 assets, 8 lines filed
Asset lines not itemized here account for $634,033; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $313,358$2,595,267
X-16 Total assetsStart of year $833,339$3,229,300
X-24 Unsecured notes and loans payableStart of year $298,286$2,318,084
X-25 Other liabilitiesStart of year $1,140$31,142
X-26 Total liabilitiesStart of year $299,426$2,349,226
X-27 Net assets without donor restrictionsStart of year $533,913$880,074
X-32 Total net assets or fund balancesStart of year $533,913$880,074
X-33 Total liabilities and net assetsStart of year $833,339$3,229,300
Part XI · Reconciliation of net assets $880,074 net assets at year end
XI-1 Total revenue$9,079,347
XI-2 Total expenses$8,733,186
XI-3 Revenue less expenses$346,161
XI-4 Net assets at start of year$533,913
XI-10 Net assets at end of year$880,074

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

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