Alef Fund INC

Atlanta, GAUnknown exempt organization EIN 26-2919210Revenue $395 in FY2024Latest return filed Jan 15, 2025

On file with the IRSaleffund.orgAtlanta, GA

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Providing scholarships to qualifying students of atlanta area jewish schools

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-2919210) · Dispute this line
96¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $60K a year · 1% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $2K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$395
-100% vs prior year
Spent
$534K
To programs
96%
Net assets
$0
By yearFY2020–FY2024
Revenue
$395
FY2024▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.7M
FY2021$5.5M
FY2022$6.2M
FY2023$6.2M
FY2024$395
Expenses
$534K
FY2024▼ -91%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$5.4M
FY2022$6.3M
FY2023$6.0M
FY2024$534K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$377K
FY2021$407K
FY2022$322K
FY2023$533K
FY2024$0

From the FY2024 Form 990 (year ending April 2024) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $514K Management & general 4% · $19K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Immediate Past President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Alef Fund INC executive salaries →

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 scholarships to deserving students at Atlanta-area Jewish schools.

Questions for Alef Fund INC

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2 programs · $514K · in their own filed words · FY2023
01

Grant for the purpose of continuing to promote the scholarship program.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-2919210) · Dispute this line
$514Kprogram expense
02

Providing scholarship funds to georgia jewish day schools in accordance with title 20 chapter 2a and title 48 chapter 7 of the official code of georgia annotated and applicable regulations promulgated by the georgia department of revenue.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-2919210) · Dispute this line
$395program 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 · FY2021
Total grants receivedfrom 1 funder$2K
Grants paid · 13 grants · $22.6M · 2019–2023
Unitemized GrantFY2022$5,548,227
Unitemized GrantFY2021$5,621,830
Unitemized GrantFY2020$4,984,826
Unitemized GrantFY2019$5,162,567

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$395
Ln 12
Investment incomeLn 3$395
Money outPt IX
$534K
Ln 25
Programscol B$514K
Managementcol C$19K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$395
Total revenueLn 12$395
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY21FY20
End of yearLn 1g$7K$7K
AddedLn 1b$5.5M$5.7M
SpentLn 1d–1f$5.5M$5.7M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.3M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$10.3M$0
LiabilitiesLn 26$9.7M$0
Net assetsLn 32$533K$0
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$514K$514K
Grants to domestic individualsLn 2$395$395
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$3K$3K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$534K$514K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jan 15, 2025 $395$534K−$533K$0 990 PDF
FY2023Filed with the IRS Feb 1, 2024 $6.2M$6.0M$212K$533K 990 PDF
FY2022Filed with the IRS Feb 6, 2023 $6.2M$6.3M−$85K$322K 990 PDF
FY2021Filed with the IRS Mar 14, 2022 $5.5M$5.4M$29K$407K 990 PDF
FY2020Filed with the IRS Apr 20, 2021 $5.7M$5.7M$78K$377K 990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $395 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,951,864$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $98,035$395
I-11 Other revenuePrior year $140,980$0
I-12 Total revenuePrior year $6,190,879$395
I-13 Grants and similar amounts paidPrior year $5,704,807$514,277
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $274,278$19,431
I-18 Total expensesPrior year $5,979,085$533,708
I-19 Revenue less expensesPrior year $211,794−$533,313
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $395 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $395$395
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $395$395
Part IX · Statement of functional expenses $533,708 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $513,882$513,882
IX-2 Grants to domestic individualsPrograms $395$395
IX-11c Accounting feesManagement $14,500$14,500
IX-11g Other fees for servicesManagement $2,903$2,903
IX-24 Other expenses (24a–d)Management $2,028$2,028
IX-25 Total functional expensesPrograms $514,277 · Management $19,431 · Fundraising $0$533,708
Part X · Balance sheet $0 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $10,252,828$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans 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 securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $10,252,828$0
X-25 Other liabilitiesStart of year $19,991$0
X-26 Total liabilitiesStart of year $9,719,515$0
X-27 Net assets without donor restrictionsStart of year $533,313$0
X-32 Total net assets or fund balancesStart of year $533,313$0
X-33 Total liabilities and net assetsStart of year $10,252,828$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$395
XI-2 Total expenses$533,708
XI-3 Revenue less expenses−$533,313
XI-4 Net assets at start of year$533,313
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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